A S Thomas Memorial Fund Inc
- Assets
- $585.9k
- Revenue
- $41.1k
- Investments
- $533.6k
- Employees
- 0
- Location
- Charleston, WV
- Founding
- 04/1938
- Data as of
- 12/2023
- EIN
- 55-6017255
Organization Overview
A S Thomas Memorial Fund Inc is located in Charleston, WV. The organization was established in 1938. 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. A S Thomas Memorial Fund 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 12/2023, A S Thomas Memorial Fund Inc generated $41.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $98.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, A S Thomas Memorial Fund Inc has awarded 268 individual grants totaling $444,797. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONTRIBUTIONS TO VARIOUS NON-PROFIT ORGANIZATIONS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $476 |
| Dividends & Interest | $26,091 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $11,774 |
| Capital Gain Net Income | $11,774 |
| Net ST Capital Gain | $8,404 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,753 |
| Total Revenue | $41,094 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $8,600 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $20,332 |
| Total operating and administrative expenses | $32,697 |
| Contributions, gifts, grants paid | $65,647 |
| Total expenses and disbursements | $98,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,939 |
| Savings and temporary cash investments | $46,332 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $585,899 |
| 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 | $16,988 |
| Total liabilities | $16,988 |
Grants Awarded
Over the last fiscal year, A S Thomas Memorial Fund Inc has awarded $65,647 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: UNRESTRICTED | $500 |
BOSTON UNIVERSITY PURPOSE: UNRESTRICTED | $600 |
CARNEGIE HALL PURPOSE: UNRESTRICTED | $2,000 |
DENISON UNIVERSITY PURPOSE: UNRESTRICTED | $500 |
KANAWHA HOSPICE CARE PURPOSE: UNRESTRICTED | $1,000 |
LEWISBURG VOLUNTEER FIRE PURPOSE: UNRESTRICTED | $2,000 |