John Russell Thomas Foundation
- Assets
- $1.2m
- Revenue
- $304.2k
- Investments
- $909.0k
- Employees
- 0
- Location
- Eclectic, AL
- Founding
- 10/1999
- Data as of
- 12/2022
- EIN
- 63-1214388
Organization Overview
John Russell Thomas Foundation is located in Eclectic, AL. The organization was established in 1999. 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. John Russell 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.
For the year ending 12/2022, John Russell Thomas Foundation generated $304.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.0% each year . All expenses for the organization totaled $65.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, John Russell Thomas Foundation has awarded 86 individual grants totaling $499,908. 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 |
|---|---|---|---|
John Russell Thomas President | 1 | $0 | |
John J Thomas Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $94 |
| Dividends & Interest | $25,431 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $278,718 |
| Capital Gain Net Income | $278,718 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $304,243 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $45 |
| Total operating and administrative expenses | $11,593 |
| Contributions, gifts, grants paid | $53,800 |
| Total expenses and disbursements | $65,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,457 |
| Savings and temporary cash investments | $255,796 |
| 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 | $909,023 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,326 |
| Total assets | $1,178,602 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, John Russell Thomas Foundation has awarded $53,800 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
ALEXANDER CITY CHAMBER OF COMMERCE PURPOSE: GENERAL SUPPORT | $5,000 |
BAYLOR SCHOOL PURPOSE: GENERAL SUPPORT | $2,000 |
BOY SCOUTS PURPOSE: GENERAL SUPPORT | $300 |
GREAT BETHEL MISSIONARY BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $12,500 |
LAKE MARTIN AREA UNITED WAY PURPOSE: GENERAL SUPPORT | $10,000 |
SOZO CHILDREN PURPOSE: GENERAL SUPPORT | $5,000 |