George & Louise Thornton Charitable Foundation
- Assets
- $887.7k
- Revenue
- $69.5k
- Investments
- $863.7k
- Employees
- 0
- Location
- Loveland, CO
- Founding
- 09/1990
- Data as of
- 12/2023
- EIN
- 43-1525102
Organization Overview
George & Louise Thornton Charitable Foundation is located in Loveland, CO. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. George & Louise Thornton Charitable 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, George & Louise Thornton Charitable Foundation generated $69.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 38.8% each year . All expenses for the organization totaled $60.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, George & Louise Thornton Charitable Foundation has awarded 235 individual grants totaling $528,302. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Louise F Thornton President | 1 | $0 | |
George C Thornton Director | 1 | $0 | |
Charles L Thornton Director | 1 | $0 | |
James A Cherry Director | 1 | $0 | |
Julia T Cherry Foundation Mgr. | 4 | $0 | |
Lara T Tabola Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $43,338 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,690 |
| Capital Gain Net Income | $15,690 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,462 |
| Total Revenue | $69,490 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $283 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $4,470 |
| Total operating and administrative expenses | $10,888 |
| Contributions, gifts, grants paid | $50,000 |
| Total expenses and disbursements | $60,888 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,998 |
| Savings and temporary cash investments | $0 |
| 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 | $863,745 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $887,743 |
| Accounts payable and accrued expenses | $26 |
| 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 | $26 |
Grants Awarded
Over the last fiscal year, George & Louise Thornton Charitable Foundation has awarded $50,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
OPEN STAGE THEATRE COMPANY PURPOSE: GENERAL FUND | $5,000 |
POUDRE HIGH SCHOOL PURPOSE: GED ASSISTANCE AND IB DIGITAL THEATRE | $5,000 |
HABITAT FOR HUMANITY PURPOSE: GENERAL FUND | $2,000 |
WOUNDED WARRIOR PROJECT PURPOSE: GENERAL FUND | $2,000 |
SIOP FOUNDATION PURPOSE: SCHOLARSHIP FUND | $2,000 |
GREAT FALLS FOUNDATION PURPOSE: GENERAL FUND | $4,000 |