Justin Thomas Foundation Inc
- Assets
- $2.0m
- Revenue
- $1.2m
- Investments
- $1.2m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 02/2020
- Data as of
- 12/2021
- EIN
- 83-2600835
Organization Overview
Justin Thomas Foundation Inc is located in Washington, DC. The organization was established in 2020. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. Justin Thomas 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, Justin Thomas Foundation Inc generated $1.2m in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 2.9% each year. All expenses for the organization totaled $136.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION'S CHARITABLE MISSION IS TO POSITIVELY IMPACT CHILDREN IN NEED, SUPPORT JUNIOR GOLF PROGRAMS, AND PROVIDE ASSISTANCE TO MILITARY FAMILIES - ALL WITH THE INTENT OF MOTIVATING THESE TALENTED INDIVIDUALS TO ACHIEVE THEIR FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO POSITIVELY IMPACT CHILDREN IN NEED, SUPPORT JUNIOR GOLF PROGRAMS, AND PROVIDE ASSISTANCE TO MILITARY FAMILIES - ALL WITH THE INTENT OF MOTIVATING THESE TALENTED INDIVIDUALS TO ACHIEVE THEIR FULL POTENTIAL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Janice Thomas President/director | OfficerTrustee | 15 | $0 |
Michael Thomas Sec/treas/director | OfficerTrustee | 5 | $0 |
Justin Thomas Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,178,489 |
| Noncash contributions included in lines 1a–1f | $103,607 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,178,489 |
| Total Program Service Revenue | $0 |
| Investment income | $14,655 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $633 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,193,777 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $108,900 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $6,000 |
| Fees for services: Legal | $875 |
| Fees for services: Accounting | $8,610 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,985 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $953 |
| 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 | $5,462 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $136,785 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $567,036 |
| Savings and temporary cash investments | $296,472 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Investments—other securities | $1,166,589 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,030,097 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $2,030,097 |
| 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 | $2,030,097 |
Grants Awarded
Over the last fiscal year, Justin Thomas Foundation Inc has awarded $108,900 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Louisville, KY PURPOSE: TO ASSIST YOUTH AND FAMILIES IN NEED. | $67,900 |
Louisville, KY PURPOSE: TO ASSIST YOUTH AND FAMILIES IN NEED. | $20,000 |
Washington, DC PURPOSE: TO ASSIST YOUTH AND FAMILIES IN NEED. | $15,000 |
Louisville, KY PURPOSE: TO ASSIST WITH YOUTH GOLF PROGRAMS | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Justin Thomas Foundation Inc has recieved totaling $130,611.
| Awarding Organization | Amount |
|---|---|
Pga Tour Inc Ponte Vedra Beach, FL PURPOSE: GENERAL SUPPORT | $80,000 |
American Junior Golf Foundation Inc Braselton, GA PURPOSE: GENERAL SUPPORT | $50,611 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Players Philanthropy Fund Towson, MD | $12,344,741 | $23,235,628 |
Better Medicare Alliance Inc Washington, DC | $3,588,076 | $11,134,798 |
The Philanthropy Roundtable Inc Washington, DC | $16,718,572 | $10,468,910 |
Council On Foundations Inc Washington, DC | $28,475,981 | $12,025,472 |
Independent Sector Washington, DC | $46,005,638 | $15,271,435 |
Capital Research Center Washington, DC | $10,585,659 | $6,083,008 |
Rethink Charity Mineral, VA | $1,112,987 | $5,137,197 |
Phi Delta Kappa International Inc Arlington, VA | $1,144,067 | $2,025,770 |
National Center For Family Philanthropy Inc Washington, DC | $7,834,627 | $8,108,744 |
Moments Of Hope Outreach Studley, VA | $714,742 | $2,126,416 |
National Council Of Nonprofits Washington, DC | $6,534,362 | $5,933,056 |
Friends Of Ufm Inc Mclean, VA | $131,424 | $1,208,671 |