Thomas Educational Foundation Inc
- Assets
- $2.5m
- Revenue
- $102.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Thomas, OK
- Founding
- 02/1995
- Data as of
- 06/2021
- EIN
- 73-1449664
Organization Overview
Thomas Educational Foundation Inc is located in Thomas, OK. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thomas Educational 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 06/2021, Thomas Educational Foundation Inc generated $102.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (28.6%) each year. All expenses for the organization totaled $83.3k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (48.4%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thomas Educational Foundation Inc has awarded 53 individual grants totaling $680,935. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIPS PROVIDED TO THOMAS FAY CUSTER SCHOOL GRADUATES FOR THE FURTHERANCE OF THEIR POST SECONDARY EDUCATION. ACADEMIC EXCELLENCE AND NEED PAID.
TEACHER GRANTS PROVIDED TO THOMAS FAY CUSTER SCHOOL SYSTEM FOR THE BENEFIT OF THE STUDENTS AND TEACHERS.
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 |
|---|---|---|---|
Debbie Waggoner President | 1 | $0 | |
Kim Roof Vice President | 1 | $0 | |
Rocky Shepherd Trustee | 1 | $0 | |
Cynthia Sawatzky Trustee | 1 | $0 | |
Lisa Cross Treasurer | 1 | $0 | |
Kari Didier Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11,734 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $90,233 |
| Total Revenue | $101,967 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,830 |
| Total operating and administrative expenses | $6,830 |
| Contributions, gifts, grants paid | $76,458 |
| Total expenses and disbursements | $83,288 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $341,064 |
| Savings and temporary cash investments | $1,926,901 |
| 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 | $200,951 |
| Total assets | $2,468,916 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $827,717 |
| 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 | $827,717 |
Grants Awarded
Over the last fiscal year, Thomas Educational Foundation Inc has awarded $266,471 in support to 34 organizations.
| Grant Recipient | Amount |
|---|---|
VARIOUS GRANTS PAID - SEE ATTACHED PURPOSE: SCHOLARSHIPS | $166,331 |
THOMAS FAY CUSTER SCHOOLS PURPOSE: TEACHER GRANTS FOR REQUESTED EDUCATIONS | $23,682 |
THOMAS FAY CUSTER SCHOOLS PURPOSE: TEACHER GRANTS FOR REQUESTED EDUCATIONAL ITEMS | $9,188 |
JAYCE EMMETT MILLER PURPOSE: 2020 SCHOLARSHIP | $2,995 |
NOAH JAMES RAINWATER PURPOSE: 2020 SCHOLARSHIP | $2,940 |
SETH ANDREW STEWART PURPOSE: 2020 SCHOLARSHIP | $2,885 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
School Smart Kc Inc Kansas City, MO | $7,202,506 | $7,640,451 |
Priority Systems Morgans Point Resort, TX | $7,897,888 | $10,026,336 |
Robotics Education And Competition Foundation Inc Greenville, TX | $3,564,646 | $10,348,184 |
Nova Charter School Dallas, TX | $10,485,443 | $9,145,221 |
Oklahoma State University Research Foundation Inc Stillwater, OK | $8,047,594 | $10,291,004 |
Academy Of Accelerated Learning Inc Houston, TX | $10,127,999 | $9,771,717 |
Trinity Academy Incorporated Wichita, KS | $26,619,610 | $9,316,406 |
Joy Development School Houston, TX | $25,620,110 | $10,897,080 |
City Garden Montessori School St Louis, MO | $12,889,488 | $6,696,246 |
The Argyle San Antonio, TX | $5,513,932 | $8,298,187 |
40 Days For Life Bryan, TX | $11,994,693 | $10,374,379 |
Cns International Ministries Inc Bethel, MO | $18,863,964 | $6,038,250 |