Thut Family Foundation
- Assets
- $5.0m
- Revenue
- $3.6m
- Investments
- $4.9m
- Employees
- 0
- Location
- Orrville, OH
- Founding
- 09/2019
- Data as of
- 12/2022
- EIN
- 84-2051553
Organization Overview
Thut Family Foundation is located in Orrville, OH. The organization was established in 2019. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Thut Family 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 12/2022, Thut Family Foundation generated $3.6m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 47.0% each year .
Since 2020, Thut Family Foundation has awarded 19 individual grants totaling $205,000. 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 |
|---|---|---|---|
Shirley I Thut President | 1 | $0 | |
Mark R Thut Vice President | 0.5 | $0 | |
Kimberly R Rogers Secretary | 0.5 | $0 | |
Michael R Thut Treasurer | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,546,985 |
| Interest on Savings | $83 |
| Dividends & Interest | $88,238 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $938,311 |
| Capital Gain Net Income | $938,311 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,573,617 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $41,682 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $51,764 |
| Contributions, gifts, grants paid | $135,000 |
| Total expenses and disbursements | $186,764 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $88,764 |
| 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 | $4,935,243 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,024,007 |
| 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, Thut Family Foundation has awarded $135,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
AKRON CHILDREN'S HOSPITAL PURPOSE: CHARITABLE PURPOSE | $44,000 |
HABITAT FOR HUMANITY PURPOSE: CHARITABLE PURPOSE | $30,000 |
CAMP NUHOP PURPOSE: CHARITABLE PURPOSE | $10,000 |
COUNSELING CENTER OF WAYNE AND HOLMES COUNTY PURPOSE: CHARITABLE PURPOSE | $1,000 |
MID-OHIO FOOD COLLECTIVE PURPOSE: CHARITABLE PURPOSE | $10,000 |
NORTH CENTRAL MENTAL HEALTH PURPOSE: CHARITABLE PURPOSE | $3,500 |