The Thorsen Mcnulty Family Foundation

Organization Overview

The Thorsen Mcnulty Family Foundation is located in Glencoe, IL. The organization was established in 1996. According to its NTEE Classification (T99) the organization is classified as: Philanthropy, Voluntarism & Grantmaking Foundations N.E.C., 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. Thorsen Mcnulty 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 12/2021, Thorsen Mcnulty Family Foundation generated $13.9k 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 (38.7%) each year. All expenses for the organization totaled $29.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (30.4%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Thorsen Mcnulty Family Foundation has awarded 27 individual grants totaling $1,239,220. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2021

Describe the Organization's Program Activity:

Part 3 - Line 4a

N/A


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Board, Officers & Key Employees

Name (title)Compensation
Jamie K Thorsen
Trustee
$0
Lucas H Mcnulty
Trustee
$0
Kyle J Mcnulty
Trustee
$0

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $0
Dividends & Interest $3,732
Net Rental Income$0
Net Gain on Sale of Assets $10,163
Capital Gain Net Income $10,163
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $13,895

Grants Awarded

Over the last fiscal year, The Thorsen Mcnulty Family Foundation has awarded $510,000 in support to 4 organizations.

Grant RecipientAmount

DENISON UNIVERSITY

Org PageRecipient Profile

Granville, OH

PURPOSE: CHARITABLE

$230,000

DENISON UNIVERSITY

Org PageRecipient Profile

Granville, OH

PURPOSE: CHARITABLE

$230,000

KENTS HILL SCHOOL

Org PageRecipient Profile

Kents Hill, ME

PURPOSE: CHARITABLE

$25,000

KENTS HILL SCHOOL

Org PageRecipient Profile

Kents Hill, ME

PURPOSE: CHARITABLE

$25,000
View Grant Profile

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