Ken Thurston Feel Good Foundation EIN 26-1603664

Ken Thurston Feel Good Foundation FY2022 filing

EIN  26-1603664 Private foundation / grantmaker Las Cruces, NM
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
A private foundation based in Las Cruces, NM. It reported about $143K in revenue for 2021.
Money in and out
$143K revenue, $96K expenses
Bottom line

A private foundation based in Las Cruces, NM. It reported about $143K in revenue for 2021. For fiscal year 2022 it reported $143K in revenue, $96K in expenses, and $1.3M in net assets.Pt I

Grants paid & assets · FY2022
Total revenue
$143K
Pt VIII · Ln 12
Total expenses
$96K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $47K
Total assets
1.3M
deployed as grants and operations
Grants paid
93K
in FY2022
Grants made
9grants
total in period
Payout rate
7%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 9 grants · $75K · 2024–2024
Church of Jesus Christ of LdsFY2024$44,000
Franklin IdahoFY2024$7,500
College Heights KindgartenFY2024$5,000
Various IndividualsFY2024$4,180
Various IndividualsFY2024$3,700
Ruben ValenzuelaFY2024$3,000
Andrew Tori ColemanFY2024$3,000
Various IndividualsFY2024$2,339
Special OlympicsFY2024$2,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$8K
Median grantPart XV$4K
Largest grantPart XV$44K

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Revenue
$143K
FY2022▼ -54%
Expenses
$96K
FY2022▼ -12%
Total assets
$1.3M
FY2022▲ +2%
Total liabilities
$0
FY2022
Total revenue
$143K
Pt VIII · Ln 12
Total expenses
$96K
Pt IX · Ln 25
Net assets
$1.3M
Pt X · Ln 32
Total assetsPt II$1.3M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CKen Thurston Feel Good Foundation
EINHdr · item D26-1603664
Principal addressHdr · item CLas Cruces, NM
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MNM
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P60)
Ruling yearIRS BMFJun 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1apending
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12a
Whistleblower policyPt VI · Ln 13
Document retention policyPt VI · Ln 14
CEO/top-official compensation independently reviewedPt VI · Ln 15a
Family or business relationships among officers/directorsPt VI · Ln 2

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Officers, directors & key employeesPt VII · Sec ANot reported
See Ken Thurston Feel Good Foundation executive salaries →

Statement of Revenue

Part VIII
Investment income$91K · 63%
Contributions & grants$51K · 36%
Other revenue$1K · 1%
Investment income63%$91K
Contributions & grants36%$51K
Other revenue1%$1K
Total revenueLn 12$143K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.97 Operating & administrative $0.03
Grants & contributions paid97%$93K
Operating & administrative3%$3K
Total functional expensesLn 25$96K

Balance Sheet

Part X · end of year
CashLn 1$86K
Total assetsLn 16$1.3M
Total liabilitiesLn 26$0
Total net assetsLn 32$1.3M
Months of cash on handcomputed10.7

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $1.3M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $143K
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $143K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $143K · Prior year $313K
-54%
Net-asset trend (YoY)
End of year $1.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $143K · Expenses $96K
+33%
Liabilities-to-Assets
Total liabilities — · Total assets $1.3M
Net-asset ratio
Net assets $1.3M · Total assets $1.3M
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $96K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth -54%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$52K revenue · ⤓ 990 PDF
FY2023$206K revenue · ⤓ 990 PDF
FY2022$143K revenue · viewing · ⤓ 990 PDF
FY2021$313K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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