Thomas Educational Foundation Inc
- Assets
- $2.4m
- Revenue
- $159.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Thomas, OK
- Founding
- 02/1995
- Data as of
- 06/2022
- 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 06/2022, Thomas Educational Foundation Inc generated $159.9k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.8% each year. All expenses for the organization totaled $156.7k during the year ending 06/2022. While expenses have increased by 6.7% per year over the past 3 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 2020, Thomas Educational Foundation Inc has awarded 80 individual grants totaling $892,304. 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Waggoner President | 1 | $0 | |
Kim Roof Vice President | 1 | $0 | |
Ladonna Taylor Secretary | 1 | $0 | |
Lisa Cross Treasurer | 1 | $0 | |
Rocky Shepherd Trustee | 1 | $0 | |
Cynthia Sawatzky Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100 |
| Interest on Savings | $8,477 |
| 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 | $151,314 |
| Total Revenue | $159,891 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,329 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $17,577 |
| Total operating and administrative expenses | $23,801 |
| Contributions, gifts, grants paid | $132,907 |
| Total expenses and disbursements | $156,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $357,636 |
| Savings and temporary cash investments | $1,932,339 |
| 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 | $126,099 |
| Total assets | $2,416,074 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $385,527 |
| 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 | $385,527 |
Grants Awarded
Over the last fiscal year, Thomas Educational Foundation Inc has awarded $211,369 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
THOMAS FAY CUSTER SCHOOLS PURPOSE: TEACHER GRANTS FOR REQUESTED EDUCATIONS | $0 |
VARIOUS GRANTS PAID - SEE ATTACHED PURPOSE: SCHOLARSHIPS | $78,462 |
MAKAYLA CHEYANNE GREENING PURPOSE: 2021 SCHOLARSHIP | $6,560 |
JOHN TYLER JONES PURPOSE: 2021 SCHOLARSHIP | $6,365 |
JACOB LEE MILLER PURPOSE: 2021 SCHOLARSHIP | $6,170 |
GUNNAR RAY OAKES PURPOSE: 2021 SCHOLARSHIP | $5,974 |