Thornwell Family Foundation Inc
- Assets
- $3.5m
- Revenue
- $399.6k
- Investments
- $3.5m
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/2016
- Data as of
- 12/2022
- EIN
- 81-0716497
Organization Overview
Thornwell Family Foundation Inc is located in Atlanta, GA. The organization was established in 2016. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Thornwell Family 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, Thornwell Family Foundation Inc generated $399.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (16.5%) each year. All expenses for the organization totaled $230.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thornwell Family Foundation Inc has awarded 53 individual grants totaling $501,500. 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 |
|---|---|---|---|
James R Thornwell President | 0 | $0 | |
Katherine Thornwell Secretary | 0 | $0 | |
Tim Stautberg Director | 0 | $0 | |
Katherine Stautberg Treasurer | 0 | $0 | |
Rem Thornwell Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $401 |
| Interest on Savings | $115 |
| Dividends & Interest | $71,529 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $327,581 |
| Capital Gain Net Income | $327,581 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $399,626 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $123 |
| Taxes | $13,510 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $30,720 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $230,720 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,972 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Total assets | $3,509,280 |
| 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, Thornwell Family Foundation Inc has awarded $200,000 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ST XAVIER HIGH SCHOOL PURPOSE: SCHOLARSHIP ENDOWMENT | $50,000 |
MARR ADDICTION TREATMENT CENTERS PURPOSE: DRUG TREATMENT CENTER | $40,000 |
GA PURPLE HEART VET FDN PURPOSE: SERVICE, WELFARE & REHAB FOR VETS | $10,000 |
Gambier, OH PURPOSE: MATCHING GIFT PROGRAM - GENERAL FUND | $10,000 |
Atlanta, GA PURPOSE: EARLY EDU, CHILD CAREFAMILY SUPPORT | $10,000 |
St Augustine, FL PURPOSE: RESIDENTIAL GROUP HOMES, YOUTH SERVI | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mightycause Charitable Foundation Marianna, FL | $5,250,687 | $68,928,948 |
Piedmont Triad Charitable Foundation Greensboro, NC | $5,589,144 | $15,418,213 |
Tim Tebow Foundation Inc Jacksonville, FL | $44,406,420 | $40,166,030 |
In Touch Foundation Inc Atlanta, GA | $84,991,538 | $40,474,859 |
Boys & Girls Clubs Of The Midlands Columbia, SC | $2,396,839 | $5,933,397 |
Elaine Nicpon Marieb Charitable Foundation Naples, FL | $63,080,385 | $8,696,635 |
Marlene And Spencer Hays Foundation Nashville, TN | $119,169,427 | $6,377,944 |
The Florida Concrete Masonry Education Council Inc Gainesville, FL | $2,957,826 | $3,367,750 |
Parents With A Purpose Inc Atlanta, GA | $315,977 | $2,301,377 |
Global Generosity Inc Alpharetta, GA | $2,653,838 | $2,877,884 |
Jk And Db Gulley Mem Tuw J K Gulley Tr Orlando, FL | $0 | $486,471 |
Recovery Research Network Foundation Inc Atlantis, FL | $303,889 | $1,495,637 |