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Nonprofiteer
← JUSTIN THOMAS FOUNDATION INC

Form 990 for tax year 2022

Filed by JUSTIN THOMAS FOUNDATION INC.

Totals

Total revenue
$1,623,192
Total expenses
$237,559
Contributions and grants received
$1,621,557
Grants paid
$119,900
Program service revenue
$0
Investment income
$1,623
Other revenue
$12
Total assets, end of year
$3,415,730
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,415,730
Program services expenses (Part IX)
$128,186
Management and general expenses
$18,630
Fundraising expenses
$90,743
Program service expenses (Part III)
$128,186

Program services were 54.0% 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

    $1,621,557

  • 3 · Investment income

    total $28,795 · excluded $28,795

  • 7a · Gross sales of assets other than inventory

    securities $860,541

  • 7b · Less cost or other basis and sales expenses

    securities $887,713

  • 7c · Gain or loss

    securities -$27,172

  • 7d · Net gain or loss

    total -$27,172 · excluded -$27,172

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $12 · related or exempt $12

  • 11e · Other revenue, total

    $12

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $119,900 · program services $119,900

  • 11a · Fees: management

    total $6,000 · program services $4,200 · management and general $600 · fundraising $1,200

  • 11b · Fees: legal

    total $8,172 · program services $4,086 · management and general $2,043 · fundraising $2,043

  • 11f · Fees: investment management

    total $14,536 · management and general $14,536

  • 11g · Fees: other

    total $87,500 · fundraising $87,500

  • 13 · Office expenses

    total $1,451 · management and general $1,451

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $567,036 · end of year $1,215,776

  • 2 · Savings and temporary cash investments

    beginning of year $296,472 · end of year $38,848

  • 12 · Investments: other securities

    beginning of year $1,166,589 · end of year $2,161,106

  • 27 · Net assets without donor restrictions

    beginning of year $2,030,097 · end of year $3,415,730

Mission and programs · 2022

Mission

THE FOUNDATION'S CHARITABLE MISSION IS TO POSITIVELY IMPACT CHILDREN IN NEED, SUPPORT JUNIOR GOLF PROGRAMS, AND PROVIDE ASSISTANCE TO MILITARY FAMILIES - ALL WITH THE INTENT OF MOTIVATING THESE TALENTED INDIVIDUALS TO ACHIEVE THEIR FULL POTENTIAL.

  • TO POSITIVELY IMPACT CHILDREN IN NEED, SUPPORT JUNIOR GOLF PROGRAMS, AND PROVIDE ASSISTANCE TO MILITARY FAMILIES - ALL WITH THE INTENT OF MOTIVATING THESE TALENTED INDIVIDUALS TO ACHIEVE THEIR FULL POTENTIAL.

    Expenses $128,186 · Grants $119,900

As filed on the 2022 return.

Listed in Part VII

  • Janice Thomas

    PRESIDENT/DIRECTOR

    Total calculated
    $0
    Hours/week
    15

  • Michael Thomas

    SEC/TREAS/DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • Justin Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202333199349302638

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