Paul R Thompson & Bertha M Thompson Charitable Tr
- Assets
- $3.1m
- Revenue
- $119.3k
- Investments
- $1.1m
- Employees
- 0
- Location
- Larchwood, IA
- Founding
- Data as of
- 12/2023
- EIN
- 84-6730157
Organization Overview
Paul R Thompson & Bertha M Thompson Charitable Tr is located in Larchwood, IA.
For the year ending 12/2023, Paul R Thompson & Bertha M Thompson Charitable Tr generated $119.3k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.9% each year . All expenses for the organization totaled $193.5k during the year ending 12/2023. While expenses have increased by 15.5% per year over the past 4 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 2020, Paul R Thompson & Bertha M Thompson Charitable Tr has awarded 12 individual grants totaling $565,000. 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
NONE - DONATIONS ARE ONLY GIVEN TO CHARITABLE/GOVERNMENTAL/RELIGIOUS ORGANIZATIONS IN ACCORDANCE WITH THE TRUST DOCUMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dean H Goettsch Co-Trustee | 0.25 | $0 | |
Rodney B Bonander Co-Trustee | 0.25 | $0 | |
Eric Hoyme Co-Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $109 |
| Interest on Savings | $65,849 |
| Dividends & Interest | $21,570 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,936 |
| Capital Gain Net Income | $30,936 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $821 |
| Total Revenue | $119,285 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,028 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $14,185 |
| Total operating and administrative expenses | $23,453 |
| Contributions, gifts, grants paid | $170,000 |
| Total expenses and disbursements | $193,453 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,064,759 |
| 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 | $1,070,163 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,134,922 |
| 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, Paul R Thompson & Bertha M Thompson Charitable Tr has awarded $170,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BETHLEHEM LUTHERAN CHURCH PURPOSE: PRIMARILY FOR THE MAINTENANCE, REPAIR, AND RENOVATIONS OF THE CHURCH BUILDING, CHURCH PARSONAGE AND CHURCH CEMETERY. | $59,500 |
TUFF MEMORIAL HOME APARTMENT FDTN PURPOSE: SUPPORT FOR ENTITY'S NON-PROFIT PURPOSE OF PROVIDING SAFE AND CARING LIVING QUARTERS AND PERSONAL SERVICES FOR INDIVIDUALS IN NEED. | $85,000 |
HILLS FIRE DEPARTMENT PURPOSE: SUPPORT FOR ENTITY'S NON-PROFIT PURPOSE OF PROVIDING FIRE PROTECTION AND RESCUE OPERATIONS. | $25,500 |