James M Thomas And Luvie C Thomas Foundation
- Assets
- $1.8m
- Revenue
- $236.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Oxford, MS
- Founding
- 10/1997
- Data as of
- 05/2024
- EIN
- 72-1394262
Organization Overview
James M Thomas And Luvie C Thomas Foundation is located in Oxford, MS. 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. James M Thomas And Luvie C Thomas 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 05/2024, James M Thomas And Luvie C Thomas Foundation generated $236.9k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $282.3k during the year ending 05/2024. While expenses have increased by 11.6% 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, James M Thomas And Luvie C Thomas Foundation has awarded 41 individual grants totaling $1,348,440. 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 |
|---|---|---|---|
Carol Thomas Barnes President | 0.5 | $0 | |
James K Dossett Jr Vice-President/secretary | 0.5 | $1,500 | |
Amy Thomas Crawford Treasurer | 0.5 | $0 | |
Ashley Crawford Jones Director | 0.5 | $0 | |
Laura Crawford Rackley Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $91,639 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $145,273 |
| Capital Gain Net Income | $145,273 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $236,912 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $422 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,722 |
| Contributions, gifts, grants paid | $279,620 |
| Total expenses and disbursements | $282,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,779 |
| 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 | $1,828,855 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,831,634 |
| 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, James M Thomas And Luvie C Thomas Foundation has awarded $279,620 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BAPTIST HEALTH FOUNDATION PURPOSE: FUND MOBILE CARDIOVASCULAR PROGRAM | $180,000 |
EAST CENTRAL COMMUNITY COLLEGE FOUNDATION INC PURPOSE: FUND ANNUAL SCHOLARSHIPS | $7,120 |
FIRST BAPTIST CHURCH CARTHAGE MISSISSIPPI PURPOSE: FUND SPECIAL PROJECTS OF FIRST BAPTIST CHURCH, CARTHAGE, MS | $30,000 |
MISSISSIPPI BAPTIST FOUNDATION PURPOSE: FUND SCHOLARSHIPS FOR SEMINARY STUDENTS | $26,000 |
MISSISSIPPI COLLEGE PURPOSE: FUND CURRENT AND ENDOWED SCHOLARSHIPS | $15,000 |
MOUNTAIN BROOK CITY SCHOOLS COUNCIL PTO PURPOSE: FUND INNOVATIVE EDUCATIONAL INITIATIVES | $6,500 |