Lucille S Thompson Fam Foundation
- Assets
- $0.0
- 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 (16.6%) 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 (11.5%) 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 117 individual grants totaling $1,255,659. 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 |
|---|---|---|---|
Kristin B Macdermott Board Member | 0 | $0 | |
Sandra K Bishop Chairman | 0 | $0 | |
Archer W Bishop Jr Board Member | 0 | $0 | |
Archer W Bishop III Board Member | 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 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,036 |
| Total Revenue | $169,135 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,347 |
| Pension plans, employee benefits | $10,051 |
| Depreciation | $0 |
| Occupancy | $19,328 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| 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 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,494,085 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Lucille S Thompson Fam Foundation has awarded $338,236 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S TN PURPOSE: KONNECTIONS KOORDINATOR | $50,000 |
DUKE UNIVERSITY PURPOSE: TRINITY FUND | $10,000 |
EMERALD YOUTH FOUNDATION PURPOSE: YOUTH PROGRAMS | $25,000 |
HELEN ROSS MCNABB FOUNDATION PURPOSE: KNOXVILLE CHALLENGER | $5,000 |
PATHFINDERS PURPOSE: PROGRAM SERVICES | $10,000 |
CHARLESTON TO CHARLESTON PURPOSE: LITERARY FESTIVAL | $1,500 |