G Frank Thomas Foundation Inc
- Assets
- $3.5m
- Revenue
- $105.5k
- Investments
- $3.5m
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 01/1957
- Data as of
- 12/2022
- EIN
- 52-6039803
Organization Overview
G Frank Thomas Foundation Inc is located in Frederick, MD. The organization was established in 1957. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. G Frank Thomas Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, G Frank Thomas Foundation Inc generated $105.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $223.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, G Frank Thomas Foundation Inc has awarded 181 individual grants totaling $1,551,250. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Adrian L Winpigler Director | 1 | $0 | |
Mr Ryan N Baugher Director | 1 | $0 | |
Mrs Pamela I Martin President & Director | 1 | $0 | |
Mrs Amanda I Baugher Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $92,021 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,474 |
| Capital Gain Net Income | $13,474 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $105,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,791 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,002 |
| Total operating and administrative expenses | $29,747 |
| Contributions, gifts, grants paid | $193,250 |
| Total expenses and disbursements | $222,997 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $21,604 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,938,171 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,487,320 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, G Frank Thomas Foundation Inc has awarded $193,250 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
RELIG COALITION EMER HUMAN NEEDS PURPOSE: GENERAL SUPPORT | $25,000 |
DELAPLAINE ARTS CENTER PURPOSE: GENERAL SUPPORT | $2,500 |
FREDERICK COUNTY PUBLIC LIBRARIES PURPOSE: GENERAL SUPPORT | $14,000 |
TRINITY PASTORAL COUNSELING CENTER PURPOSE: GENERAL SUPPORT | $2,500 |
THE FREDERICK CHORALE PURPOSE: GENERAL SUPPORT | $2,000 |
FEBRUARY STAR SANCTUARY PURPOSE: GENERAL SUPPORT | $4,000 |