Thompson Schools Foundation
- Assets
- $79.6m
- Revenue
- $599.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Plymouth, MI
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 30-0107259
Organization Overview
Thompson Schools Foundation is located in Plymouth, MI. The organization was established in 2002. 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. Thompson Schools 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, Thompson Schools Foundation generated $599.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.8%) each year. All expenses for the organization totaled $3.3m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Thompson Member/president/chair/trustee | 4 | $0 | |
Ellen A Thompson Member/vice-President/trustee | 1 | $0 | |
Mark A Murray Trustee | 4 | $0 | |
Brian Cooney Trustee | 4 | $0 | |
Francis Resendes Trustee | 1 | $0 | |
Cathy Kunkel Trustee | 4 | $13,834 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Honigman Miller Schwartz And Cohn | 12/30/18 | $198,062 |
Resendes Design Group Llc | 12/30/18 | $115,499 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,174 |
| Dividends & Interest | $0 |
| Net Rental Income | $594,777 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $598,951 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $13,834 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $82,755 |
| Taxes | $3,995 |
| Depreciation | $3,028,977 |
| Occupancy | $94,390 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $28,931 |
| Total operating and administrative expenses | $3,284,662 |
| Contributions, gifts, grants paid | $43,853 |
| Total expenses and disbursements | $3,328,515 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $417,717 |
| 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 | $79,053,905 |
| Other assets | $153,912 |
| Total assets | $79,625,534 |
| 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 | $6,125,000 |
| Other liabilities | $0 |
| Total liabilities | $6,125,000 |
Grants Awarded
Over the last fiscal year, Thompson Schools Foundation has awarded $167,603 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PUBLIC SCHOOL ACADEMIES OF DETROIT UNIVERSITY PREP ACADEMY PURPOSE: CHARTER SCHOOL OPERATIONS | $43,853 |
PUBLIC SCHOOL ACADEMIES OF DETROIT-UNIVERSITY PREP SCIENCE AND MATH PURPOSE: CHARTER SCHOOL OPERATIONS | $123,750 |