Albert L And Ivy B Thomas Educational Fund
- Assets
- $720.1k
- Revenue
- $38.3k
- Investments
- $692.6k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 01/1989
- Data as of
- 12/2022
- EIN
- 93-6196091
Organization Overview
Albert L And Ivy B Thomas Educational Fund is located in Milwaukee, WI. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Albert L And Ivy B Thomas Educational Fund 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, Albert L And Ivy B Thomas Educational Fund generated $38.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.5%) each year. All expenses for the organization totaled $87.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Albert L And Ivy B Thomas Educational Fund has awarded 110 individual grants totaling $326,188. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chester Scott Co-Trustee | 1 | $14,541 | |
Us Bank N A Trustee | 1 | $14,541 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $17,711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,531 |
| Capital Gain Net Income | $20,531 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $57 |
| Total Revenue | $38,299 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $29,082 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,512 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,113 |
| Total operating and administrative expenses | $33,207 |
| Contributions, gifts, grants paid | $53,900 |
| Total expenses and disbursements | $87,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,224 |
| Savings and temporary cash investments | $24,794 |
| 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 | $692,569 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $478 |
| Total assets | $720,065 |
| 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, Albert L And Ivy B Thomas Educational Fund has awarded $53,900 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
LINNBENTON COMMUNITY COLLEGE PURPOSE: GENERAL OPERATING | $2,200 |
OREGON INSTITUTE OF TECHNOLOGY PURPOSE: GENERAL OPERATING | $2,400 |
UNIVERSITY OF HAWAII AT MANOA PURPOSE: GENERAL OPERATING | $1,100 |
GOSHEN COLLEGE PURPOSE: GENERAL OPERATING | $1,600 |
PHAGANS SCHOOL OF BEAUTY PURPOSE: GENERAL OPERATING | $900 |
SOUTHERN OREGON UNIVERSITY PURPOSE: GENERAL OPERATING | $2,200 |