Robin & Mark Thomas Family Foundation
- Assets
- $394.5k
- Revenue
- -$1.1k
- Investments
- $379.8k
- Employees
- 0
- Location
- Midland, TX
- Founding
- 02/2009
- Data as of
- 12/2023
- EIN
- 26-1512576
Organization Overview
Robin & Mark Thomas Family Foundation is located in Midland, TX. The organization was established in 2009. 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. Robin & Mark Thomas Family 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 12/2023, Robin & Mark Thomas Family Foundation generated -$1.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (28.0%) each year. All expenses for the organization totaled $24.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Robin & Mark Thomas Family Foundation has awarded 136 individual grants totaling $187,534. 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 |
|---|---|---|---|
Mark Thomas President | 0 | $0 | |
Robin Thomas Secretary | 0 | $0 | |
Bob Dutton Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $673 |
| Dividends & Interest | $9,117 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$10,948 |
| Capital Gain Net Income | $1,272 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $29 |
| Total Revenue | -$1,129 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $296 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95 |
| Total operating and administrative expenses | $391 |
| Contributions, gifts, grants paid | $23,675 |
| Total expenses and disbursements | $24,066 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,764 |
| Savings and temporary cash investments | $0 |
| 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 | $370 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $394,526 |
| 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, Robin & Mark Thomas Family Foundation has awarded $23,675 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL BUDGET | $8,300 |
PINK THE BASIN PURPOSE: GENERAL BUDGET | $100 |
RACE TRACK CHAPEL PURPOSE: GENEARL BUDGET | $3,000 |
SPENCER THEATER PURPOSE: GENERAL BUDGET | $500 |
THE CHURCH HORSESHOE BAY PURPOSE: GENERAL BUDGET | $900 |
WEST TEXAS FOOD BANK PURPOSE: GENERAL BUDGET | $300 |