Thorney Point Foundation
- Assets
- $3.6m
- Revenue
- $563.7k
- Investments
- $3.4m
- Employees
- 0
- Location
- Alexandria, VA
- Founding
- 02/2003
- Data as of
- 12/2021
- EIN
- 74-3070101
Organization Overview
Thorney Point Foundation is located in Alexandria, VA. The organization was established in 2003. 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. Thorney Point 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 12/2021, Thorney Point Foundation generated $563.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $207.6k during the year ending 12/2021. While expenses have increased by 7.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Thorney Point Foundation has awarded 149 individual grants totaling $839,020. 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 |
|---|---|---|---|
David H Brock Vice Pres | 1 | $0 | |
Suzanne S Brock President | 2 | $0 | |
Geoffrey S Brock Vice Pres | 1 | $0 | |
Lisa S Brock Vice Pres | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $175,000 |
| Interest on Savings | $32 |
| Dividends & Interest | $65,454 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $323,176 |
| Capital Gain Net Income | $323,176 |
| Net ST Capital Gain | $20,732 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $563,662 |
| 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 | $873 |
| Total operating and administrative expenses | $32,601 |
| Contributions, gifts, grants paid | $175,020 |
| Total expenses and disbursements | $207,621 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $159,888 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,568,336 |
| 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, Thorney Point Foundation has awarded $175,020 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
WASHINGTON NATIONAL CATHEDRAL PURPOSE: RELIGIOUS | $55,500 |
CHORAL ARTS SOCIETY OF WASHINGTON PURPOSE: GENERAL SUPPORT | $45,000 |
Raleigh, NC PURPOSE: EDUCATIONAL | $15,000 |
DUKE PERFORMANCES PURPOSE: EDUCATIONAL | $9,000 |
ST ALBAN'S SCHOOL PURPOSE: EDUCATIONAL | $6,750 |
ST ALBAN'S CHURCH PURPOSE: RELIGIOUS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pyramid Peak Foundation Memphis, TN | $230,284,852 | $119,724,559 |
Diana Davis Spencer Foundation Bethesda, MD | $1,510,145,435 | $31,448,274 |
Davis Family Foundation Hanover, MD | $1,302,672,743 | $64,475,559 |
Bedford Falls Foundation C/O Joanne Barkett Conway Washington, DC | $61,666,880 | $84,617,094 |
The Rosser Foundation A Pure Charitable Trust And Public Charit Hampton, VA | $12,195,900 | $36,359,396 |
Poplar Foundation Memphis, TN | $149,801,224 | $18,419,294 |
Wallace Global Fund Ii Washington, DC | $136,169,792 | $23,961,855 |
John M Belk Endowment Charlotte, NC | $344,527,989 | $19,824,991 |
Plough Foundation Memphis, TN | $29,124,366 | $7,604,937 |
C D Spangler Foundation Inc Charlotte, NC | $547,764,463 | $34,692,558 |
De Beaumont Foundation Inc Bethesda, MD | $183,698,152 | $47,357,470 |
Haslam Family Foundation Inc Knoxville, TN | $7,594,271 | $428,205 |