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Nonprofiteer
← THOLOS FOUNDATION

Form 990 for tax year 2023

Filed by THOLOS FOUNDATION.

Totals

Total revenue
$2,746,957
Total expenses
$4,978,442
Contributions and grants received
$2,638,635
Grants paid
$368,208
Program service revenue
$100
Investment income
$108,198
Other revenue
$24
Total assets, end of year
$3,468,200
Total liabilities, end of year
$20,904,154
Net assets or fund balances, end of year
-$17,435,954
Program services expenses (Part IX)
$3,345,177
Management and general expenses
$966,706
Fundraising expenses
$666,559
Program service expenses (Part III)
$3,345,177

Program services were 67.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $2,638,635

  • 2a · Program service revenue: Conference registration

    total $100 · related or exempt $100

  • 3 · Investment income

    total $108,198 · excluded $108,198

  • 11a · Other revenue: Other

    total $24 · related or exempt $24

  • 11e · Other revenue, total

    $24

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,151 · program services $7,151

  • 3 · Grants to foreign organizations and individuals

    total $361,057 · program services $361,057

  • 5 · Compensation of officers, directors and key employees

    total $260,872 · program services $228,424 · management and general $19,469 · fundraising $12,979

  • 7 · Other salaries and wages

    total $1,523,286 · program services $991,592 · management and general $306,497 · fundraising $225,197

  • 8 · Pension plan contributions

    total $35,937 · program services $22,680 · management and general $7,634 · fundraising $5,623

  • 9 · Other employee benefits

    total $80,682 · program services $48,950 · management and general $18,159 · fundraising $13,573

  • 10 · Payroll taxes

    total $121,933 · program services $82,858 · management and general $22,565 · fundraising $16,510

  • 11b · Fees: legal

    total $108,188 · program services $73,518 · management and general $20,021 · fundraising $14,649

  • 11c · Fees: accounting

    total $31,524 · management and general $31,524

  • 11f · Fees: investment management

    total $450 · management and general $450

  • 11g · Fees: other

    total $640,959 · program services $435,556 · management and general $118,615 · fundraising $86,788

  • 12 · Advertising and promotion

    total $110,076 · program services $75,999 · management and general $19,069 · fundraising $15,008

  • 13 · Office expenses

    total $323,833 · program services $94,050 · management and general $137,536 · fundraising $92,247

  • 14 · Information technology

    total $19,044 · program services $12,941 · management and general $3,524 · fundraising $2,579

  • 16 · Occupancy

    total $639,141 · program services $434,319 · management and general $118,280 · fundraising $86,542

  • 17 · Travel

    total $505,279 · program services $343,162 · management and general $93,739 · fundraising $68,378

  • 19 · Conferences, conventions and meetings

    total $181,395 · program services $123,265 · management and general $33,568 · fundraising $24,562

  • 22 · Depreciation, depletion and amortization

    total $14,208 · program services $9,655 · management and general $2,629 · fundraising $1,924

  • 23 · Insurance

    total $13,427 · management and general $13,427

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $16,364 · end of year $15,114

  • 2 · Savings and temporary cash investments

    beginning of year $3,095,173 · end of year $3,261,675

  • 9 · Prepaid expenses and deferred charges

    beginning of year $5,707 · end of year $4,563

  • 10a · Land, buildings and equipment: cost or other basis

    $37,630

  • 10b · Land, buildings and equipment: accumulated depreciation

    $37,630

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $318,789 · end of year $186,848

  • 17 · Accounts payable and accrued expenses

    beginning of year $76,708 · end of year $50,658

  • 25 · Other liabilities

    beginning of year $18,432,128 · end of year $20,853,496

  • 27 · Net assets without donor restrictions

    beginning of year -$15,072,803 · end of year -$17,435,954

Mission and programs · 2023

Mission

Tholos Foundation was created for the purpose of engaging in charitable and educational activities relating to the promotion of tax fairness and economic prosperity. Tholos accomplishes this mission through education and analysis.

Activities or mission (Part I)

Economic research and fiscal policy analysis- See Schedule O

  • Education: Outreach efforts to educate taxpayers on the true causes and effects of legislation and regulatory affairs.

    Expenses $2,124,252 · Grants $368,208

  • Events: Throughout the year, Tholos hosts a multitude of press conferences, meetings, and special events highlighting the year's work.

    Expenses $987,335 · Revenue $124

  • Publications: Tholos publishes the International Property Rights Index, Trade Barrier Index, and other various reports.

    Expenses $233,590

As filed on the 2023 return.

Listed in Part VII

  • Grover Norquist

    President

    Total calculated
    $299,299
    From this org
    $100,000
    From related orgs
    $150,000
    Other
    $49,299
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $100,000 + $150,000 related
    Bonus
    $0
    Other
    $0
    Deferred
    $4,000 + $6,000 related
    Nontaxable benefits
    $15,720 + $23,579 related
    Filer's total
    $119,720 + $179,579 related

  • Peter Balkin

    Vice President

    Total calculated
    $0
    Hours/week
    20 + 20 related

  • Mark Klugmann

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Paul Smith

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Caren Toloczko

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Megan Worley

    Vice President of Finance

    Total calculated
    $129,790
    From this org
    $48,250
    From related orgs
    $48,250
    Other
    $33,290
    Hours/week
    20 + 20 related

  • Christopher Butler

    Executive Director

    Total calculated
    $254,188
    From this org
    $62,880
    From related orgs
    $146,720
    Other
    $44,588
    Hours/week
    12 + 28 related

    Schedule J breakdown matched by us

    Base
    $60,780 + $141,820 related
    Bonus
    $2,100 + $4,900 related
    Other
    $0
    Deferred
    $2,515 + $5,869 related
    Nontaxable benefits
    $10,861 + $25,343 related
    Filer's total
    $76,256 + $177,932 related

  • Patrick Gleason

    Director of State Affairs

    Total calculated
    $203,882
    From this org
    $69,472
    From related orgs
    $104,208
    Other
    $30,202
    Hours/week
    16 + 24 related

    Schedule J breakdown matched by us

    Base
    $66,800 + $100,200 related
    Bonus
    $2,672 + $4,008 related
    Other
    $0
    Deferred
    $2,672 + $4,008 related
    Nontaxable benefits
    $9,409 + $14,113 related
    Filer's total
    $81,553 + $122,329 related

  • John Kartch

    Vice President of Communications

    Total calculated
    $226,400
    From this org
    $86,850
    From related orgs
    $106,150
    Other
    $33,400
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $86,400 + $105,600 related
    Bonus
    $450 + $550 related
    Other
    $0
    Deferred
    $3,474 + $4,246 related
    Nontaxable benefits
    $11,556 + $14,124 related
    Filer's total
    $101,880 + $124,520 related

  • Lorenzo Montanari

    Dir. of International Programs and Affairs

    Total calculated
    $191,036
    From this org
    $175,000
    From related orgs
    $0
    Other
    $16,036
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $10,000
    Other
    $0
    Deferred
    $6,050
    Nontaxable benefits
    $9,986
    Filer's total
    $191,036

  • Margaret Mire

    Director of State Government Relations

    Total calculated
    $166,978
    From this org
    $69,394
    From related orgs
    $84,814
    Other
    $12,770
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $58,594 + $71,614 related
    Bonus
    $10,800 + $13,200 related
    Other
    $0
    Deferred
    $2,776 + $3,393 related
    Nontaxable benefits
    $2,970 + $3,631 related
    Filer's total
    $75,140 + $91,838 related

  • Andreas Hellman

    Dir. of Outreach, Tax & Regulatory Policy

    Total calculated
    $175,197
    From this org
    $22,800
    From related orgs
    $129,200
    Other
    $23,197
    Hours/week
    34 + 6 related

    Schedule J breakdown matched by us

    Base
    $22,800 + $129,200 related
    Bonus
    $0
    Other
    $0
    Deferred
    $488 + $2,763 related
    Nontaxable benefits
    $2,992 + $16,954 related
    Filer's total
    $26,280 + $148,917 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443199349304694

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