Thompson Foundation Inc
- Assets
- $9.8m
- Revenue
- $1.8m
- Investments
- $9.2m
- Employees
- 0
- Location
- Birmingham, AL
- Founding
- 10/1997
- Data as of
- 12/2021
- EIN
- 72-1389140
Organization Overview
Thompson Foundation Inc is located in Birmingham, AL. The organization was established in 1997. 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. Thompson Foundation 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 12/2021, Thompson Foundation Inc generated $1.8m 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 (18.0%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thompson Foundation Inc has awarded 45 individual grants totaling $2,033,472. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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 |
|---|---|---|---|
Annie Thompson Somerville Executive Director | 40 | $65,032 | |
Michael D Thompson President | 1 | $0 | |
Lucy Thompson Marsh Director | 1 | $0 | |
Jacob Marsh Director | 1 | $0 | |
Patricia A Thompson Director | 1 | $0 | |
Benjamin H Thompson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $16,849 |
| Dividends & Interest | $551,755 |
| Net Rental Income | -$11,274 |
| Net Gain on Sale of Assets | $682,326 |
| Capital Gain Net Income | $682,326 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,750,931 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,032 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $158 |
| Taxes | $2,373 |
| Depreciation | $11,275 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $95,572 |
| Total operating and administrative expenses | $180,535 |
| Contributions, gifts, grants paid | $1,040,199 |
| Total expenses and disbursements | $1,220,734 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $196,718 |
| 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 | $357,966 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,778,034 |
| 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, Thompson Foundation Inc has awarded $1,040,199 in support to 21 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED WAY PURPOSE: CHARITABLE | $185,150 |
CHILDREN'S PROGRAMS PURPOSE: CHARITABLE | $152,750 |
HIGHER EDUCATION PURPOSE: CHARITABLE | $140,333 |
K-12 PURPOSE: CHARITABLE | $103,000 |
CIVIC & CULTURE PURPOSE: CHARITABLE | $61,200 |
DISASTER RELIEF PURPOSE: CHARITABLE | $56,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |