Thurston Charitable Foundation
- Assets
- $4.2m
- Revenue
- $433.6k
- Investments
- $4.1m
- Employees
- 0
- Location
- Milton, WA
- Founding
- 05/1964
- Data as of
- 06/2022
- EIN
- 91-6055032
Organization Overview
Thurston Charitable Foundation is located in Milton, WA. The organization was established in 1964. 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. Thurston Charitable 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 06/2022, Thurston Charitable Foundation generated $433.6k in total revenue. The organization has seen a slow decline revenue. Over the past 3 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $346.4k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thurston Charitable Foundation has awarded 230 individual grants totaling $724,000. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Severt W Thurston Jr President | 0 | $0 | |
Susan E Thurston Vice President | 0 | $0 | |
Sherrie Tossell Sec-Treas | 0 | $0 | |
Steven A Finley Asst Sec-Treas | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $106,106 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $327,540 |
| Capital Gain Net Income | $327,540 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $433,646 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $83 |
| Total operating and administrative expenses | $74,375 |
| Contributions, gifts, grants paid | $272,000 |
| Total expenses and disbursements | $346,375 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $115,612 |
| 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 | $1,274,541 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,236,501 |
| 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, Thurston Charitable Foundation has awarded $272,000 in support to 79 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN DIABETES ASSOCIATION PURPOSE: VARIOUS | $2,500 |
ALZHEIMER'S ASSOCIATION PURPOSE: VARIOUS | $1,500 |
ARIZONA ANIMAL WELFARE LEAGUE PURPOSE: VARIOUS | $1,000 |
AMERICAN CETACEAN SOCIETY PURPOSE: VARIOUS | $1,000 |
BAINBRIDGE ISLAND MUSEUM OF ART PURPOSE: VARIOUS | $1,000 |
BEACON LIGHT MISSION PURPOSE: VARIOUS | $5,000 |