Thanks Mom & Dad Fund Inc
- Assets
- $618.1k
- Revenue
- $173.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Atlanta, GA
- Founding
- 04/2003
- Data as of
- 12/2023
- EIN
- 65-1164523
Organization Overview
Thanks Mom & Dad Fund Inc is located in Atlanta, GA. The organization was established in 2003. According to its NTEE Classification (P81) the organization is classified as: Senior Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thanks Mom & Dad Fund Inc 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, Thanks Mom & Dad Fund Inc generated $173.1k in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $133.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (9.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thanks Mom & Dad Fund Inc has awarded 21 individual grants totaling $240,070. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THANKS MOM AND DAD FUND HONORS PARENTS, GRANDPARENTS, AND MENTORS BY SUPPORTING PROGRAMS AND SERVICES FOR OLDER ADULTS AND THEIR CAREGIVERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THANKS MOM & DAD FUND (TMD) ENTERED INTO A CONTRACT WITH THE GEORGIA DEPARTMENT OF HUMAN SERVICES TO FUND INNOVATIVE PROJECTS AND EQUIPMENT UPGRADES AT SENIOR CENTERS ACROSS GEORGIA. REVENUE FOR THE SENIOR CENTER INNOVATION GRANTS TOTALED $90,000; GRANT EXPENDITURES WERE $82,693 (INCLUDES $7,693 FROM TMD) IN FY 2023. SENIOR CENTERS CONTINUE TO MAKE IMPROVEMENTS AND ADAPT EXISTING PROGRAMS AS WELL AS IMPLEMENT NEW PROGRAMMING FOR OLDER GEORGIANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Latasha Bond Williams Int. Exec. Dir. | Officer | 33 | $36,685 |
Tom Baxter Board Member | Trustee | 2 | $0 |
Jocelyn Dorsey Board Member | Trustee | 2 | $0 |
Danny Johnson Board Member | Trustee | 2 | $0 |
Young Chang Board Member | Trustee | 2 | $0 |
Frances J Fowler Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $36,327 |
| Related organizations | $0 |
| Government grants | $75,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $40,836 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,163 |
| Total Program Service Revenue | $7,500 |
| Investment income | $13,465 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $173,128 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $82,693 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $36,685 |
| Compensation of current officers, directors, key employees. | $34,685 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,890 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,994 |
| Fees for services: Other | $123 |
| Advertising and promotion | $0 |
| Office expenses | $1,914 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $270 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,198 |
| All other expenses | $118 |
| Total functional expenses | $133,801 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,502 |
| Savings and temporary cash investments | $215,197 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $345,290 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $618,139 |
| Accounts payable and accrued expenses | $2,898 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,898 |
| Net assets without donor restrictions | $615,241 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $618,139 |
Grants Awarded
Over the last fiscal year, Thanks Mom & Dad Fund Inc has awarded $28,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DIRECT SERVICES PURPOSE: SENIOR CENTER INNOVATION GRANT | $12,000 |
MIDDLE GA COMMUNITY ACTION PURPOSE: SENIOR CENTER INNOVATION GRANT | $16,000 |