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Kurt Thomas Foundation

Tax-deductible

Frisco, TX501(c)(3)Recreation & Sports EIN 36-4981971Revenue $4K in FY2024Latest return filed Nov 17, 2025

On file with the IRSkurtthomasfoundation.comFrisco, TXTax-exempt since Oct 2021Publicly supported — 509(a)(2)

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Provide a schorlarship to a deserving young gymnast who embodies the qualities of Kurt Thomas.

501(c)(3) charity; gifts are tax-deductible.
100¢ 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 4
filings with a surplus
Average surplus $12K a year · 39% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
25 mo
of spending, in cash
Looks good: 25.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $750
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4K
-78% vs prior year
Spent
$22K
To programs
100%
Net assets
$46K
By yearFY2021–FY2024
Revenue
$4K
FY2024▼ -78%
Tap a bar for its year
Revenue by fiscal year
FY2021$70K
FY2022$29K
FY2023$17K
FY2024$4K
Expenses
$22K
FY2024▲ +83%
Tap a bar for its year
Expenses by fiscal year
FY2021$18K
FY2022$20K
FY2023$12K
FY2024$22K
Net assets
$46K
FY2024▼ -28%
Tap a bar for its year
Net assets by fiscal year
FY2021$51K
FY2022$60K
FY2023$65K
FY2024$46K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $22K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

15 people listed on the 990.

Part VII, Section A · reportable compensation
Lori Bannon
President
$0Pt VII · Sec A
Beckie Thomas
Vice Preside
$0Pt VII · Sec A
Connie Oneill
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Scott Millis
Director
$0Pt VII · Sec A
See Kurt Thomas 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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Awards scholarships to deserving young gymnasts embodying Kurt Thomas's qualities.

Questions for Kurt Thomas Foundation

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Your first name shows with your question. Kurt Thomas Foundation answers here, for everyone.

1 program · $22K · in their own filed words · FY2024
01

Empowering youth to make a difference and reach their highest potential while raising funds to provide a scholarship(s) to a deserving gymnast.

$22Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Mr & Mrs Gus Blass FoundationFY2024$500
Kline Family FoundationFY2024$250
Total grants receivedfrom 2 funders$750
Grants paid · 5 grants · $65K · 2021–2024
Unitemized GrantFY2024$21,000
Cypress AcademyFY2023$12,000
Hawaiian Island TwistersHI · FY2022$12,000
Minnetonka Hopkins Gymnastics AssociationMN · FY2022$8,000
Minnetonka Hopkins Gymnastics AssociationMN · FY2021$12,000

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$4K
Ln 12
Gifts and grantsLn 1h$118K
Money outPt IX
$22K
Ln 25
Programscol B$22K
Owns and owesPt X
$46K
net assets · Ln 32
Cash and savingsLn 1–2$46K
Total assetsLn 16$46K
LiabilitiesLn 26$0
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$118K
Fundraising eventsLn 1c$118K
Total revenueLn 12$4K
Assets in detailPt X, end of year
CashLn 1$46K
Cash and savings togetherLn 1–2$46K
Total assetsLn 16$46K
LiabilitiesLn 26$0
Net assetsLn 32$46K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$65K$46K
Total assetsLn 16$65K$46K
LiabilitiesLn 26$0$0
Net assetsLn 32$65K$46K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$1K$1K
Grants to domestic individualsLn 2$21K$21K
Total functional expensesLn 25$22K$22K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 17, 2025 $4K$22K−$18K$46K 990 PDF
FY2023Filed with the IRS May 9, 2024 $17K$12K$5K$65K 990 PDF
FY2022Filed with the IRS May 15, 2023 $29K$20K$9K$60K 990 PDF
FY2021Filed with the IRS May 16, 2022 $70K$18K$51K$51K 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 $3,643 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $113,028$117,519
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year −$96,420−$113,876
I-12 Total revenuePrior year $16,608$3,643
I-13 Grants and similar amounts paidPrior year $12,000$22,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$0
I-18 Total expensesPrior year $12,000$22,000
I-19 Revenue less expensesPrior year $4,608−$18,357
Part VI · Governance 15 of 15 board members independent, 1 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,643 across 4 lines filed
VIII-1c Fundraising events$117,519
VIII-1h Total contributions, gifts and grants$117,519
VIII-8 Net income from fundraising events−$113,876
VIII-12 Total revenue$3,643
Part IX · Statement of functional expenses $22,000 across 2 lines filed
IX-1 Grants to domestic organizationsPrograms $1,000$1,000
IX-2 Grants to domestic individualsPrograms $21,000$21,000
IX-25 Total functional expensesPrograms $22,000 · Management $0 · Fundraising $0$22,000
Part X · Balance sheet $46,177 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $64,534$46,177
X-16 Total assetsStart of year $64,534$46,177
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $64,534$46,177
X-32 Total net assets or fund balancesStart of year $64,534$46,177
X-33 Total liabilities and net assetsStart of year $64,534$46,177
Part XI · Reconciliation of net assets $46,177 net assets at year end
XI-1 Total revenue$3,643
XI-2 Total expenses$22,000
XI-3 Revenue less expenses−$18,357
XI-4 Net assets at start of year$64,534
XI-10 Net assets at end of year$46,177

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

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