Georgia And Carroll Thomas Family Foundation
- Assets
- $20.3k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Midland, TX
- Founding
- Data as of
- 12/2023
- EIN
- 87-1060068
Organization Overview
Georgia And Carroll Thomas Family Foundation is located in Midland, TX. 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. Georgia And Carroll Thomas Family 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, Georgia And Carroll Thomas Family Foundation generated $1.0m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.1m during the year ending 12/2023. While expenses have increased by 9.1% per year over the past 3 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
STONEGATE FELLOWSHIP CHURCH MIDLAND TX A MEGA SOUTHERN BAPTIST CHURCH WITH ANNUAL BUDGET OVER 10 MILLION DOLLARS
FOCUS ON THE FAMILY COLORADO SPRINGS, COA GLOBAL CHRISTIAN MINISTRY DEDICATED TO FAMILIES AND THEIR NEEDS
MD ANDERSON CANCER CENTER HOUSTON TEXASNUMBER ONE FOR CANCER CARE IN US2021 GIFTS OF OVER 93 MILLION DOLLARS
CRU CAMPUS CRUSADE FOR CHRIST2020 CONTRIBUTIONS OVER 562 MILLION DOLLARS
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carroll M Thomas President | 0.5 | $0 | |
Georgia H Thomas Vice President | 0.5 | $0 | |
Brian M Thomas Director | 0.5 | $0 | |
Christy D Thomas Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,000,000 |
| 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 | $0 |
| Total operating and administrative expenses | $0 |
| Contributions, gifts, grants paid | $1,070,000 |
| Total expenses and disbursements | $1,070,000 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,255 |
| 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 | $20,255 |
| 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 |