Joseph Thomas Foundation is located in Abilene, TX. The organization was established in 2008. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph Thomas 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, Joseph Thomas Foundation generated $169.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 46.0% each year . All expenses for the organization totaled $181.9k during the year ending 12/2023. While expenses have increased by 26.6% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
TO PROVIDE ASSISTANCE IN THE FORM OF DONATIONS TO SPECIAL NEEDS CHILDREN.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Thomas President | 0 | $0 | |
Roenna Thomas Secretary | 0 | $0 | |
Jeanne Winkles Treasurer | 0 | $0 | |
Kerry Patton Vice President | 0 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $169,965 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$968 |
| Other Revenue | $0 |
| Total Revenue | $168,997 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $83,698 |
| Professional fees and other payments to independent contractors | $2,484 |
| Occupancy, rent, utilities, and maintenance | $11,874 |
| Printing, publications, postage, and shipping | $443 |
| Other expenses | $83,391 |
| Total expenses | $181,890 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $101,337 |
| Other assets | $0 |
| Total assets | $101,387 |
| Total liabilities | $0 |
| Net assets or fund balances | $101,387 |