Thagard Foundation
- Assets
- $3.6m
- Revenue
- $294.8k
- Investments
- $3.6m
- Employees
- 0
- Location
- Fontana, CA
- Founding
- 09/1968
- Data as of
- 04/2023
- EIN
- 95-6225425
Organization Overview
Thagard Foundation is located in Fontana, CA. The organization was established in 1968. 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. Thagard 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 04/2023, Thagard Foundation generated $294.8k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $283.5k during the year ending 04/2023. While expenses have increased by 6.0% per year over the past 5 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 2018, Thagard Foundation has awarded 173 individual grants totaling $903,000. 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 |
|---|---|---|---|
William N Ratkovic Trustee | 3.25 | $17,000 | |
Raymond G Thagard Jr Trustee | 3.25 | $17,000 | |
Belle L Ellis Trustee | 0.5 | $5,000 | |
John C Bagwell Trustee | 0.5 | $5,000 | |
George F Thagard III Trustee | 0.5 | $5,000 | |
Glen J Ellis Jr Trustee | 0.5 | $5,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $526 |
| Dividends & Interest | $137,313 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $156,915 |
| Capital Gain Net Income | $156,915 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $294,754 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $64,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,598 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $458 |
| Total operating and administrative expenses | $70,471 |
| Contributions, gifts, grants paid | $213,000 |
| Total expenses and disbursements | $283,471 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,202 |
| Savings and temporary cash investments | $29,510 |
| 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 | $3,611,403 |
| 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, Thagard Foundation has awarded $213,000 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ARMED SERVICES YMCA CAMP PENDLETON PURPOSE: PROVIDE SERVICES DESIGNED TO FOSTER RESILIENCY AMONG MARINES, SAILORS, AND FAMILIES. | $1,000 |
BALBOA ISLAND MUSEUM PURPOSE: TO COLLECT, PRESERVE AND PROMOTE THE CULTURE AND HISTORY OF BALBOA ISLAND AND NEWPORT BEACH. | $1,000 |
BREAKING BREAD MINISTRIES OF MIDLAND TX PURPOSE: PROVIDE SLEEPING BAGS, COATS, AND NOURISHING MEALS EVERY EVENING FOR THE NEEDY. | $8,000 |
BUCKNER OF MIDLAND TEXAS PURPOSE: PROVIDE SUPPORT TO VULNERABLE CHILDREN AND FAMILIES IN NEED. | $10,000 |
CASA TERESA PURPOSE: PROVIDE FOOD AND SHELTER FOR WOMEN, CHILDREN, AND BABIES TO HELP BREAK CYCLES OF ABUSE, ADDICTION AND HOMELESSNESS. | $5,000 |
CANCER RESEARCH COLLABORATION INCORPORATED PURPOSE: PROVIDE NEW AND BETTER WAYS TO PREVENT, DIAGNOSE AND TREAT CANCER. | $2,000 |