Thacker Fam Foundation Tr Agreement
- Assets
- $2.7m
- Revenue
- $225.5k
- Investments
- $2.5m
- Employees
- 0
- Location
- Hindman, KY
- Founding
- 04/2007
- Data as of
- 12/2023
- EIN
- 61-6322524
Organization Overview
Thacker Fam Foundation Tr Agreement is located in Hindman, KY. The organization was established in 2007. 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. Thacker Fam Foundation Tr Agreement 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, Thacker Fam Foundation Tr Agreement generated $225.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $294.5k during the year ending 12/2023. While expenses have increased by 17.5% per year over the past 9 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 2015, Thacker Fam Foundation Tr Agreement has awarded 204 individual grants totaling $2,277,000. 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
ALICE LLOYD COLLEGE XXX-XX-XXXX
WYMT TV MTN BASKETBALL CLASIC SCHOLARSHIP FUND XXX-XX-XXXX
HINDMAN SETTLEMENT SCHOOL CORNERSTONE CAMPAIGN 61-0447248
KNOTT COUNTY YOUTH FOUNDATION XXX-XX-XXXX
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,657 |
| Dividends & Interest | $62,575 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,096 |
| Capital Gain Net Income | $119,096 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $18,144 |
| Total Revenue | $225,472 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,171 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $58,465 |
| Contributions, gifts, grants paid | $236,000 |
| Total expenses and disbursements | $294,465 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $150,148 |
| Savings and temporary cash investments | $5,659 |
| Net Accounts receivable | $51,181 |
| 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 | $2,663,600 |
| 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, Thacker Fam Foundation Tr Agreement has awarded $236,000 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
ALICE LLOYD COLLEGE PURPOSE: SCHOLARSHIP FUNDING | $25,000 |
HAZARD CITY SCHOOLS PURPOSE: EDUCATIONAL ENDOWMENT | $8,500 |
HIDMAN UNITED METHODIST CHURCH PURPOSE: GENERAL OPERATIONS | $2,500 |
KNOTT CO YOUTH FOUNDATION PURPOSE: GENERAL OPERATIONS | $8,500 |
WYMT-TV MOUNTAIN BASKETBALL CLASSIS PURPOSE: SCHOLARSHIP FUND | $15,000 |
HINDMAN BAPTIST CHURCH PURPOSE: GENERAL OPERATIONS | $2,500 |