Thorne-Rider Foundation
- Assets
- $1.8m
- Revenue
- $76.7k
- Investments
- $1.8m
- Employees
- 0
- Location
- Sheridan, WY
- Founding
- 03/1965
- Data as of
- 12/2023
- EIN
- 83-0203706
Organization Overview
Thorne-Rider Foundation is located in Sheridan, WY. The organization was established in 1965. 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. Thorne-Rider 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 12/2023, Thorne-Rider Foundation generated $76.7k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $56.0k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.8%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Thorne-Rider Foundation has awarded 40 individual grants totaling $1,147,000. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
SHERIDAN ATHLETIC ASSOCIATION - SUPPORTS ATHLETIC EVENTS AND FACILITIES FOR OVER 1,000 ATHLETES
YOUTH, INC. - SUPPORTS OVER 500 YOUTH CAMPERS AND LEADERS
NORTHERN WYOMING COMMUNITY FOUNDATION (SHERIDAN COLLEGE) - SUPPORT FOR FACILITIES AND PROGRAMS AT LOCAL JUNIOR COLLEGE - 1000 STUDENTS
HOLY NAME SCHOOL - SUPPORT FOR 150 STUDENTS IN CATHOLIC SCHOOL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Everett Mohatt Treasurer | 1 | $3,000 | |
John Araas Trustee | 1 | $3,000 | |
Maurita Meehan Secretary | 1 | $3,600 | |
John Rotellini President | 1 | $6,000 | |
Linda Thompson Trustee | 1 | $3,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $63 |
| Dividends & Interest | $48,463 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $27,177 |
| Capital Gain Net Income | $27,177 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $76,703 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $18,600 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,732 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $319 |
| Total operating and administrative expenses | $36,041 |
| Contributions, gifts, grants paid | $20,000 |
| Total expenses and disbursements | $56,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $56,143 |
| 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 | $1,199 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,826,242 |
| 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, Thorne-Rider Foundation has awarded $60,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HOLY NAME SCHOOL PURPOSE: SUPPORT BUDGET FOR CATHOLIC SCHOOL | $15,000 |
SHERIDAN ATHLETIC ASSOCIATION PURPOSE: SUPPORT OF LOCAL ATHLETIC PROGRAMS | $15,000 |
N WY COMM COLL FOUNDATION PURPOSE: SUPPORT FOR LOCAL JUNIOR COLLEGE | $15,000 |
YOUTH INCORPORATED PURPOSE: SUPPORT LOCAL YOUTH CAMPING PROGRAMS | $15,000 |