Thom Family Foundation Inc
- Assets
- $0.0
- Revenue
- $1.3m
- Investments
- $8.3m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2004
- Data as of
- 12/2020
- EIN
- 20-0374684
Organization Overview
Thom Family Foundation Inc is located in Wilmington, DE. The organization was established in 2004. 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. Thom Family Foundation Inc 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 12/2020, Thom Family Foundation Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 6.7% each year. All expenses for the organization totaled $449.3k during the year ending 12/2020. While expenses have increased by 13.6% per year over the past 6 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 2016, Thom Family Foundation Inc has awarded 206 individual grants totaling $1,687,730. 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 |
|---|---|---|---|
Andrew J Thom Dir, VP | 1 | $0 | |
Cynthia L Thom Dir | 1 | $0 | |
Paul Tanis Dir | 1 | $0 | |
Joseph A Thom Dir, Sec | 1 | $0 | |
Jeff A Thom Dir, Pres, Chairperson | 1 | $0 | |
Kevin J Olson Dir, Treas | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,110,000 |
| Interest on Savings | $1,619 |
| Dividends & Interest | $142,012 |
| Profit on Inventory Sales | $0 |
| Other Income | -$34,260 |
| Total Revenue | $1,347,486 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $103,853 |
| Contributions, gifts, grants paid | $345,456 |
| Total expenses and disbursements | $449,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,068,236 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Thom Family Foundation Inc has awarded $404,200 in support to 46 organizations.
| Grant Recipient | Amount |
|---|---|
JUNIOR ACHIEVEMENT OF THE UPPER MIDWEST PURPOSE: TO FUND THE PARTICIPATION OF 1,450 STUDENTS (ATTENDING 14 SOUTH CENTRAL MN SCHOOLS), IN JA'S FINANCE PARK PROGRAM | $37,700 |
AMERICAN NATIONAL RED CROSS PURPOSE: LEADERSHIP SOCIETY PROGRAM | $25,000 |
Waseca, MN PURPOSE: ROOTED AND GROWING CAPITAL CAMPAIGN | $20,000 |
Charlotte, NC PURPOSE: TRACK CHAIR ACQUISITION FUND FOR VETERAN | $16,000 |
Mankato, MN PURPOSE: ELKS CHARITABLE ENDOWED FUND | $15,000 |
CROSS CATHOLIC OUTREACH INC PURPOSE: EARTHQUAKE RELIEF FUND IN HAITI | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Walder Family Foundation Wilmington, DE | $215,951,796 | $11,130,940 |
Maguire Foundation West Conshohocken, PA | $0 | $10,846,953 |
Mabel Pew Myrin Trust Philadelphia, PA | $417,886,148 | $39,075,922 |
Max Stenbeck Foundation Wilmington, DE | $3,203,232 | $39,728,528 |
Neubauer Family Foundation Philadelphia, PA | $348,008,962 | $28,614,405 |
Quantitative Foundation Philadelphia, PA | $101,541,098 | -$10,401,387 |
J N Pew Jr Charitable Trust Philadelphia, PA | $309,649,040 | $25,152,087 |
Stadler Family Charitable Foundation Inc Titusville, NJ | $29,757,304 | $26,067,204 |
The Grateful Lives Foundation Wilmington, DE | $671,624,478 | $48,426,740 |