Thornton Foundation Delaware
- Assets
- $64.4m
- Revenue
- $6.1m
- Investments
- $50.1m
- Employees
- 0
- Location
- San Marino, CA
- Founding
- Data as of
- 12/2022
- EIN
- 84-4212818
Organization Overview
Thornton Foundation Delaware is located in San Marino, CA. 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. Thornton Foundation Delaware 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 12/2022, Thornton Foundation Delaware generated $6.1m in total revenue.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
NONE-ALL FUNDS TO BE EXPENDED AS CONTRIBUTIONS TO OTHER CHARITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charles B Thornton President | 0 | $0 | |
Geneva H Thornton Secretary | 0 | $0 | |
Robert L Zuber CFO | 0 | $0 | |
Bette P Cook Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $231,685 |
| Dividends & Interest | $1,512,747 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,424,671 |
| Capital Gain Net Income | $4,424,725 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$116,746 |
| Total Revenue | $6,052,357 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $142,532 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $110,999 |
| Total operating and administrative expenses | $285,065 |
| Contributions, gifts, grants paid | $3,774,000 |
| Total expenses and disbursements | $4,059,065 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,307,151 |
| 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 | $8,359,215 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $64,414,051 |
| 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 |