Kurt Thomas Foundation
- Assets
- $51.4k
- Revenue
- $69.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Frisco, TX
- Founding
- Data as of
- 12/2021
- EIN
- 36-4981971
Organization Overview
Kurt Thomas Foundation is located in Frisco, TX. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kurt 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE A SCHORLARSHIP TO A DESERVING YOUNG GYMNAST WHO EMBODIES THE QUALITIES OF KURT THOMAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EMPOWERING YOUTH TO MAKE A DIFFERENCE AND REACH THEIR HIGHEST POTENTIAL WHILE RAISING FUNDS TO PROVIDE A SCHOLARSHIP(S) TO A DESERVING GYMNAST.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beckie Thomas Vice Preside | OfficerTrustee | 2 | $0 |
Lori Bannon President | OfficerTrustee | 2 | $0 |
Scott Millis Director | Trustee | 2 | $0 |
Jan Eyman Director | Trustee | 2 | $0 |
Michael Wilson Director | Trustee | 2 | $0 |
John Roethlisberger Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,510 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $51,510 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $18,315 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $69,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $12,000 |
| Grants and other assistance to domestic individuals. | $2,685 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,747 |
| All other expenses | $0 |
| Total functional expenses | $18,432 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $51,393 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $51,393 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $51,393 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $51,393 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kurt Thomas Foundation has recieved totaling $14,000.
| Awarding Organization | Amount |
|---|---|
Communities Foundation Of Texas Dallas, TX PURPOSE: THIS GRANT IS DESIGNATED FOR GENERAL SUPPORT. | $14,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Club Soccer Inc Plano, TX | $324,020 | $3,947,134 |
New Mexico Activities Association Albuquerque, NM | $3,946,140 | $4,114,248 |
Sports Catalyst Inc Spring, TX | $3,372,217 | $3,408,167 |
Dallas Cup Inc Dallas, TX | $350,688 | $1,227,003 |
Southwest Youth Soccer Corporation Albuquerque, NM | $117,159 | $481,358 |
Louisiana High School Championship Rodeo Association Inc Cameron, LA | $20,460 | $420,829 |
Taos Sports Associates Incorporated Taos, NM | $430,750 | $470,030 |
Zina Garrison All Court Tennis Academy Houston, TX | $28,854 | $345,571 |
Amarillo Hockey Association Inc Amarillo, TX | $191,041 | $337,113 |
American Southwest Conference Richardson, TX | $213,159 | $308,408 |
Challenge Elite Inc Friendswood, TX | $153,208 | $228,502 |
Wichita County Mounted Patrol Inc Wichita Falls, TX | $156,647 | $203,424 |