Thompson Foundation Inc
- Assets
- $9.8m
- Revenue
- $1.3m
- Investments
- $9.3m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1997
- Data as of
- 12/2022
- EIN
- 72-1389140
Organization Overview
Thompson Foundation Inc is located in Birmingham, AL. The organization was established in 1997. 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 Foundation 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 12/2022, Thompson Foundation Inc generated $1.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thompson Foundation Inc has awarded 69 individual grants totaling $3,080,575. 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
NONE
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 |
|---|---|---|---|
Michael D Thompson President | 1 | $0 | |
Lisa Thompson-Smith Secretary/treasurer | 1 | $0 | |
Lucy Thompson Marsh Director | 1 | $0 | |
Jacob Marsh Director | 1 | $0 | |
Benjamin H Thompson Director | 1 | $0 | |
Netagene R Thompson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $18,116 |
| Dividends & Interest | $176,097 |
| Net Rental Income | -$11,274 |
| Net Gain on Sale of Assets | $98,758 |
| Capital Gain Net Income | $98,758 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,292,972 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $67,772 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $863 |
| Taxes | $24,242 |
| Depreciation | $11,275 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85,799 |
| Total operating and administrative expenses | $209,181 |
| Contributions, gifts, grants paid | $1,047,103 |
| Total expenses and disbursements | $1,256,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $138,840 |
| 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 | $346,691 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,811,081 |
| 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, Thompson Foundation Inc has awarded $1,047,103 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ADULT HEALTHCARE PURPOSE: CHARITABLE | $54,400 |
ANIMAL WELFARE PURPOSE: CHARITABLE | $6,000 |
ARTS GENERAL PURPOSE: CHARITABLE | $32,700 |
BASIC NEEDS PURPOSE: CHARITABLE | $63,119 |
CHILDREN'S HEALTHCARE PURPOSE: CHARITABLE | $18,500 |
CHILDREN'S PROGRAMS PURPOSE: CHARITABLE | $93,750 |