Lucille S Thompson Fam Foundation
- Assets
- $1.7m
- Revenue
- $169.1k
- Investments
- $1.5m
- Employees
- 0
- Location
- Knoxville, TN
- Founding
- 06/1988
- Data as of
- 02/2022
- EIN
- 58-1788548
Organization Overview
Lucille S Thompson Fam Foundation is located in Knoxville, TN. The organization was established in 1988. 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. Lucille S Thompson Fam 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 02/2022, Lucille S Thompson Fam Foundation generated $169.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $392.8k during the year ending 02/2022. As we would expect to see with falling revenues, expenses have declined by (24.5%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Lucille S Thompson Fam Foundation has awarded 129 individual grants totaling $1,270,946. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cumberland Trust Investment Trustee | 0 | $4,347 | |
Kristin B Macdermott Board Member | 0 | $0 | |
Archer W Bishop III Board Member | 0 | $0 | |
Sandra K Bishop Chairman | 0 | $0 | |
Baker O Bishop Board Member | 0 | $0 | |
Thompson A Bishop Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $728 |
| Dividends & Interest | $32,051 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $137,392 |
| Capital Gain Net Income | $137,392 |
| Net ST Capital Gain | $15,954 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,036 |
| Total Revenue | $169,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,347 |
| Other employee salaries and wages | $151,098 |
| Pension plans, employee benefits | $10,051 |
| Interest | $52 |
| Taxes | -$52,374 |
| Depreciation | $0 |
| Occupancy | $19,328 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $24,387 |
| Total operating and administrative expenses | $171,553 |
| Contributions, gifts, grants paid | $221,200 |
| Total expenses and disbursements | $392,753 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,415 |
| Savings and temporary cash investments | $169,934 |
| 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 | $1,494,085 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,679,434 |
| Accounts payable and accrued expenses | $891 |
| 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 | $891 |
Grants Awarded
Over the last fiscal year, Lucille S Thompson Fam Foundation has awarded $221,200 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S TN PURPOSE: KONNECTIONS PROGRAM/COVID GRANT/NAVIGATING GRIEF-DEMENTIA | $62,400 |
Knoxville, TN PURPOSE: YOUTH PROGRAMS | $25,000 |
New York, NY PURPOSE: ALS PROJECT | $25,000 |
ST STEPHENS EPISCOPAL PURPOSE: ANNUAL FUND | $20,000 |
SALVATION ARMY OF PALM BEACH CO PURPOSE: ANNUAL FUND | $10,000 |
DUKE UNIVERSITY PURPOSE: TRINITY FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Arthur M Blank Family Foundation Atlanta, GA | $365,187,486 | $84,889,977 |
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Alice L Walton Foundation Bentonville, AR | $3,555,974,062 | $449,327,995 |
John Bulow Campbell Foundation Atlanta, GA | $793,659,742 | $103,345,098 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Jesus Fund Little Rock, AR | $476,522,715 | $128,635,887 |
James S Mcdonnell Foundation St Louis, MO | $496,119,714 | $80,243,658 |
Patterson Family Foundation Kansas City, MO | $1,526,002,008 | $1,174,628,172 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Builders Initiative Bentonville, AR | $992,945,696 | $530,265,880 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |