Thomas Memorial Foundation
- Assets
- $434.5k
- Revenue
- $19.5k
- Investments
- $408.9k
- Employees
- 0
- Location
- Prospect, KY
- Founding
- 12/1990
- Data as of
- 06/2023
- EIN
- 58-1909736
Organization Overview
Thomas Memorial Foundation is located in Prospect, KY. The organization was established in 1990. 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. Thomas Memorial 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, Thomas Memorial Foundation generated $19.5k 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 (4.5%) each year. All expenses for the organization totaled $30.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thomas Memorial Foundation has awarded 106 individual grants totaling $225,548. 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 |
|---|---|---|---|
Lee Hamilton Jr President | 15 | $0 | |
Susan T Mahan Secretary/dir | 2 | $0 | |
Ryan Hamilton Treasurer | 2 | $0 | |
Charles M Hamilton Director | 2 | $0 | |
Mallory H Vanderveer President-Elect | 2 | $0 | |
Jill H Mcmeans Vice President | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $294 |
| Dividends & Interest | $9,817 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $9,347 |
| Capital Gain Net Income | $9,347 |
| Net ST Capital Gain | $9,347 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,458 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $907 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,307 |
| Contributions, gifts, grants paid | $27,550 |
| Total expenses and disbursements | $30,857 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,579 |
| Savings and temporary cash investments | $10,000 |
| 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 | $434,499 |
| 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, Thomas Memorial Foundation has awarded $27,550 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
TRINITY SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO THEIR PROGRAM | $3,750 |
YOUNG LIFE WHTIEFISH PURPOSE: TO PROVIDE ASSISTANCE TO THEIR PROGRAM | $3,750 |
ST XAVIER HIGH SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO THEIR PROGRAM | $500 |
GULF COAST HUMANE SOCIETY PURPOSE: TO PROVIDE ASSISTANCE TO THEIR PROGRAM | $1,500 |
FIDELES CHRISTIAN SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO THEIR PROGRAM | $3,750 |
ANCHORAGE ELEMENTARY SCHOOL PURPOSE: TO PROVIDE ASSISTANCE TO THEIR PROGRAM | $1,050 |