The Thompson Charitable Foundation
- Assets
- $29.2m
- Revenue
- $4.3m
- Investments
- $28.7m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 10/1987
- Data as of
- 06/2022
- 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 06/2022, Thompson Charitable Foundation generated $4.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 30.6% each year . All expenses for the organization totaled $3.9m during the year ending 06/2022. While expenses have increased by 11.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Thompson Charitable Foundation has awarded 196 individual grants totaling $6,936,808. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Black Executive Director | 30 | $76,972 | |
Merle D Wolfe President | 1 | $0 | |
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 | $52 |
| Dividends & Interest | $554,330 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,892,362 |
| Capital Gain Net Income | $2,892,362 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $826,171 |
| Total Revenue | $4,272,915 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $76,972 |
| Other employee salaries and wages | $152,763 |
| Pension plans, employee benefits | $6,616 |
| Interest | $0 |
| Taxes | $61,583 |
| Depreciation | $517 |
| Occupancy | $47,010 |
| Travel, conferences, and meetings | $13,986 |
| Printing and publications | $0 |
| Other expenses | $395,723 |
| Total operating and administrative expenses | $781,855 |
| Contributions, gifts, grants paid | $3,102,489 |
| Total expenses and disbursements | $3,884,344 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $38,578 |
| Savings and temporary cash investments | $432,507 |
| 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 | $28,704,626 |
| Net Land, buildings, and equipment | $862 |
| Other assets | $0 |
| Total assets | $29,176,573 |
| 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 $3,801,510 in support to 105 organizations.
| Grant Recipient | Amount |
|---|---|
APPALACHIAN SUSTAINABLE DEVELOPMENT PURPOSE: PROGRAM SUPPORT | $144,513 |
Abingdon, VA PURPOSE: CHILDCARE PROGRAM | $143,255 |
Abingdon, VA PURPOSE: CHILDCARE PROGRAM | $138,188 |
Abingdon, VA PURPOSE: FLOOD RELIEF | $122,500 |
Lebanon, VA PURPOSE: LETS TRAIN PROGRAM | $100,000 |
CUMBERLAND PLATEAU PLANNING DISTRICT PURPOSE: ESEM PROGRAM SUPPORT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Thompson Charitable Foundation has recieved totaling $20,000.
| Awarding Organization | Amount |
|---|---|
Dorothy D Smith Charitable Foundation Columbia, SC PURPOSE: GENERAL FUND | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
Bayer Fund St Louis, MO | $65,640,119 | $9,167,249 |
Humana Foundation Inc Louisville, KY | $467,311,073 | $9,744,567 |
C Kenneth And Dianne Wright Foundation Henrico, VA | $254,775 | $2,124,209 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Families And Communities Rising Inc Durham, NC | $8,732,109 | $17,644,457 |
Charles A Cannon Charitable Trust N0 One Concord, NC | $132,429,020 | $9,552,538 |
Claude And Betty Harris Foundation Inc Louisville, KY | $58,528,117 | $25,952,323 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |