The Thompson Charitable Foundation
- Assets
- $28.6m
- Revenue
- $3.1m
- Investments
- $27.2m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 10/1987
- Data as of
- 06/2023
- EIN
- 58-1754763
Organization Overview
The Thompson Charitable Foundation is located in Knoxville, TN. The organization was established in 1987. 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. Thompson Charitable Foundation 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 06/2023, Thompson Charitable Foundation generated $3.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (7.5%) each year. All expenses for the organization totaled $3.9m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Thompson Charitable Foundation has awarded 292 individual grants totaling $10,659,340. 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
NOT APPLICABLE
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Merle D Wolfe President | 1 | $0 | |
Debbie Black Executive Director | 24 | $84,901 | |
Sylvia M Thompson Vice President | 1 | $0 | |
Gregory E Erickson Director | 1 | $0 | |
Ginny Thompson Director | 1 | $0 | |
Jessie L Thompson Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $10,557 |
| Dividends & Interest | $745,258 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,183,484 |
| Capital Gain Net Income | $2,183,484 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $208,798 |
| Total Revenue | $3,148,097 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $84,901 |
| Other employee salaries and wages | $148,338 |
| Pension plans, employee benefits | $6,824 |
| Interest | $0 |
| Taxes | $85,610 |
| Depreciation | $517 |
| Occupancy | $48,734 |
| Travel, conferences, and meetings | $43,933 |
| Printing and publications | $0 |
| Other expenses | $298,967 |
| Total operating and administrative expenses | $745,724 |
| Contributions, gifts, grants paid | $3,112,653 |
| Total expenses and disbursements | $3,858,377 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $86,355 |
| Savings and temporary cash investments | $1,281,887 |
| 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 | $27,189,779 |
| Net Land, buildings, and equipment | $344 |
| Other assets | $0 |
| Total assets | $28,558,365 |
| 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, The Thompson Charitable Foundation has awarded $3,722,532 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
ADVENT HEALTH MANCHESTER FOUNDATION PURPOSE: EQUIPMENT PURCHASE | $41,280 |
AID TO DISTRESSED FAMILIES OF APPALACHIAN COUNTIES PURPOSE: PROGRAM SUPPORT | $15,000 |
ALICE LLOYD COLLEGE PURPOSE: SCHOLARSHIPS | $50,000 |
AMERICAN CLIMATE PARTNERS PURPOSE: PROGRAM SUPPORT | $25,000 |
APPALACHIAN LITERARY INITIATIVE PURPOSE: BOOKS PURCHASE | $30,000 |
AMERICAN RED CROSS OF EAST TENNESSEE PURPOSE: PROGRAM SUPPORT | $10,000 |