Albert L And Ivy B Thomas Educational Fund
- Assets
- $766.4k
- Revenue
- $74.1k
- Investments
- $700.4k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 01/1989
- Data as of
- 12/2021
- EIN
- 93-6196091
Organization Overview
Albert L And Ivy B Thomas Educational Fund is located in Milwaukee, WI. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, 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. Albert L And Ivy B Thomas Educational Fund 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 12/2021, Albert L And Ivy B Thomas Educational Fund generated $74.1k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.2%) each year. All expenses for the organization totaled $80.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Albert L And Ivy B Thomas Educational Fund has awarded 88 individual grants totaling $274,363. 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.
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 |
|---|---|---|---|
Chester Scott Co-Trustee | 1 | $17,324 | |
Us Bank N A Co-Trustee | 1 | $17,323 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $24,438 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $49,445 |
| Capital Gain Net Income | $49,445 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $195 |
| Total Revenue | $74,078 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $34,647 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $415 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $837 |
| Total operating and administrative expenses | $37,399 |
| Contributions, gifts, grants paid | $43,400 |
| Total expenses and disbursements | $80,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $478 |
| Savings and temporary cash investments | $65,340 |
| 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 | $16,711 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $200 |
| Total assets | $766,411 |
| 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, Albert L And Ivy B Thomas Educational Fund has awarded $43,400 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
OREGON STATE UNIVERSITY PURPOSE: SCHOLARSHIP | $12,000 |
Salem, OR PURPOSE: SCHOLARSHIP | $6,100 |
WESTERN OREGON UNIVERSITY PURPOSE: SCHOLARSHIP | $4,000 |
Mcminnville, OR PURPOSE: SCHOLARSHIP | $2,500 |
Portland, OR PURPOSE: SCHOLARSHIP | $2,000 |
BOSTON UNIVERSITY PURPOSE: SCHOLARSHIP | $1,800 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Christian Schools International Insurance Plan And Trust Fund Grandville, MI | $5,188,497 | $9,699,281 |
Saginaw Valley State University Foundation University Center, MI | $94,804,323 | $8,609,845 |
Grinnell College Medical Benefit Plan Trust Agreement Grinnell, IA | $11,174,588 | $9,791,771 |
University Of Wisconsin-Eau Claire Foundation Inc Eau Claire, WI | $103,402,476 | $22,599,486 |
Blanche Ebert Seaver Trust For Frank R Seaver College Chicago, IL | $130,613,951 | $5,090,055 |
Detroit Public Schools Foundation Detroit, MI | $5,212,797 | $6,732,219 |
William Rainey Harper College Educational Foundation Palatine, IL | $50,154,930 | $4,699,112 |
Rochelle Zell Jewish High School Deerfield, IL | $17,970,776 | $8,473,073 |
Iowa State University Research Park Corp Ames, IA | $68,199,725 | $11,124,615 |
Minnesota State University Mankato Foundation Incorporated Mankato, MN | $77,015,205 | $9,285,148 |
University Gateway Corporation Minneapolis, MN | $78,655,248 | $6,023,242 |
Charles & Ellora Alliss Educational Foundation Milwaukee, WI | $87,576,345 | $9,781,011 |