Thorntown Businessmens Educational Foundation Inc
- Assets
- $357.1k
- Revenue
- $5.1k
- Investments
- $349.7k
- Employees
- 0
- Location
- Thorntown, IN
- Founding
- 02/1996
- Data as of
- 12/2022
- EIN
- 35-1939684
Organization Overview
Thorntown Businessmens Educational Foundation Inc is located in Thorntown, IN. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thorntown Businessmens Educational 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 12/2022, Thorntown Businessmens Educational Foundation Inc generated $5.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (25.9%) each year. All expenses for the organization totaled $33.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Thorntown Businessmens Educational Foundation Inc has awarded 20 individual grants totaling $108,550. 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
SCHOLARSHIP GRANTS - 5 RECIPIENTS DURING 2022
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Debbie Crum President | 0 | $0 | |
Angie Moody Vice Preside | 0 | $0 | |
John Randel Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8 |
| Dividends & Interest | $8,165 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$9,055 |
| Capital Gain Net Income | $65 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,939 |
| Total Revenue | $5,057 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $600 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,508 |
| Total operating and administrative expenses | $10,990 |
| Contributions, gifts, grants paid | $22,000 |
| Total expenses and disbursements | $32,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,970 |
| Savings and temporary cash investments | $478 |
| 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 | $349,673 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $357,121 |
| Accounts payable and accrued expenses | $5,000 |
| 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 | $5,000 |
Grants Awarded
Over the last fiscal year, Thorntown Businessmens Educational Foundation Inc has awarded $17,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THOMAS WARD PURPOSE: SCHOLARSHIP | $5,000 |
ALEXANDRA HIESTON PURPOSE: SCHOLARSHIP | $3,000 |
LUCI NICELY PURPOSE: SCHOLARSHIP | $3,000 |
GRACE GRAHAM PURPOSE: SCOLARSHIP | $3,000 |
TRINITY EWBANK PURPOSE: SCHOLARSHIP | $3,000 |