Thunder Community Foundation

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The Thunder Community Foundation is focused on Community outreach and promoting health and fitness.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $197K a year · 59% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
47 mo
of spending, in cash
Looks good: 46.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$7K
0.5% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 8 voting members
Worth a look: 1 of 8 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$226K
+75% vs prior year
Spent
$315K
To programs
96%
Net assets
$1.2M
By yearFY2020–FY2024
Revenue
$226K
FY2024▲ +75%
Tap a bar for its year
Revenue by fiscal year
FY2020$164K
FY2021$37K
FY2022$1.1M
FY2023$129K
FY2024$226K
Expenses
$315K
FY2024▲ +51%
Tap a bar for its year
Expenses by fiscal year
FY2020$26K
FY2021$11K
FY2022$123K
FY2023$209K
FY2024$315K
Net assets
$1.2M
FY2024▼ -7%
Tap a bar for its year
Net assets by fiscal year
FY2020$394K
FY2021$419K
FY2022$1.4M
FY2023$1.3M
FY2024$1.2M

From the FY2024 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $301K Management & general 4% · $14K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Advisory
$0Pt VII · Sec A
$0Pt VII · Sec A
Advisory
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
See Thunder Community Foundation executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes health and fitness through community outreach programs.

Questions for Thunder Community Foundation

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Your first name shows with your question. Thunder Community Foundation answers here, for everyone.

3 programs · $301K · in their own filed words · FY2024
01

Thunder Basketball Court Refurbishment

Funds community basketball court refurbishment projects across oklahoma

$164Kprogram expense
02

Support local community outreach

$135Kprogram expense
03

Community Tickets

The thunder's "community tickets" program gives players the opportunity to donate blocks of tickets (with food vouchers) to non- profit community groups throughout oklahoma city, allowing children and adults who don't otherwise have the resources to attend thunder home games.

$1Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$226K
Ln 12
Gifts and grantsLn 1h$207K
Fees for servicesLn 2g$19K
Money outPt IX
$315K
Ln 25
Programscol B$301K
Managementcol C$14K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$1.2M
LiabilitiesLn 26$7K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Fees for servicesLn 2g$19K
Total revenueLn 12$226K
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
Notes and loans receivableLn 7$18K
Total assetsLn 16$1.2M
LiabilitiesLn 26$7K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1.3M$1.2M
Total assetsLn 16$1.3M$1.2M
LiabilitiesLn 26$18$7K
Net assetsLn 32$1.3M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$14K$14K
Other expenses (24a–d)Ln 24$290K$290K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$315K$301K$14K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $226K$315K−$89K$1.2M 990 PDF
FY2023Filed with the IRS Oct 23, 2024 $129K$209K−$79K$1.3M 990 PDF
FY2022Filed with the IRS Nov 14, 2023 $1.1M$123K$991K$1.4M 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $37K$11K$25K$419K 990 PDF
FY2020Filed with the IRS Oct 13, 2021 $164K$26K$138K$394K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $225,914 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $112,211$206,864
I-9 Program service revenuePrior year $17,155$19,050
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $129,366$225,914
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $208,780$314,887
I-18 Total expensesPrior year $208,780$314,887
I-19 Revenue less expensesPrior year −$79,414−$88,973
Part VI · Governance 1 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members1
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $225,914 across 4 lines filed
VIII-1f All other contributions, gifts and grants$206,864
VIII-1h Total contributions, gifts and grants$206,864
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $19,050$19,050
VIII-12 Total revenueRelated to mission $19,050$225,914
Part IX · Statement of functional expenses $314,887 across 3 lines filed
IX-11c Accounting feesManagement $14,169$14,169
IX-24 Other expenses (24a–d)Programs $289,656$289,656
IX-24e All other expensesPrograms $11,062$11,062
IX-25 Total functional expensesPrograms $300,718 · Management $14,169 · Fundraising $0$314,887
Part X · Balance sheet $1,248,410 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $1,330,884$1,230,795
X-7 Notes and loans receivable$17,615
X-16 Total assetsStart of year $1,330,884$1,248,410
X-17 Accounts payable and accrued expenses$2,850
X-25 Other liabilitiesStart of year $18$3,667
X-26 Total liabilitiesStart of year $18$6,517
X-27 Net assets without donor restrictionsStart of year $382,299$448,326
X-28 Net assets with donor restrictionsStart of year $948,567$793,567
X-32 Total net assets or fund balancesStart of year $1,330,866$1,241,893
X-33 Total liabilities and net assetsStart of year $1,330,884$1,248,410
Part XI · Reconciliation of net assets $1,241,893 net assets at year end
XI-1 Total revenue$225,914
XI-2 Total expenses$314,887
XI-3 Revenue less expenses−$88,973
XI-4 Net assets at start of year$1,330,866
XI-10 Net assets at end of year$1,241,893

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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