Thibault Foundation is located in Chelmsford, MA. The organization was established in 1999. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Thibault 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, Thibault Foundation generated $60.3k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $80.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Thibault Foundation has awarded 178 individual grants totaling $983,671. 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
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John C Thibault Trustee | 5 | $0 | |
Elaine Zouzas Trustee | 5 | $0 | |
David Fresette Trustee | 2 | $0 | |
Therese O'connor Trustee | 2 | $0 |
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $79,672 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,421 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $60,251 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,516 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,603 |
| Total operating and administrative expenses | $16,914 |
| Contributions, gifts, grants paid | $63,595 |
| Total expenses and disbursements | $80,509 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,246 |
| 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 | $3,095 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,288,421 |
| 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 |
Over the last fiscal year, Thibault Foundation has awarded $63,595 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
LOWELL GENERAL HOSPITAL PURPOSE: ONGOING & CAPITALFUNDING | $150 |
CHELMSFORD SCHOLARSHIP FUND PURPOSE: SCHOLARSHIP | $5,000 |
TRANSFIGURATION PURPOSE: SUPPORT | $12,800 |
METROPOLIS OF BOSTON PURPOSE: SUPPORT | $3,000 |
FRIENDS OF DANA FARBER PURPOSE: SUPPORT | $10,000 |
THE HELLENIC WOMEN'S CLUB PURPOSE: SUPPORT | $5,795 |