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Kurt Thomas Foundation FY2021 filing

Tax-deductible

Frisco, TX501(c)(3)Recreation & Sports EIN 36-4981971Revenue $70K in FY2021Latest 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.
80¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
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
A surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
80%
of spending
80% of spending went to programs.
Pt IX · Ln 25 · col B
Cash reserves
33.5 mo
of spending, in cash
33.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $750
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
13
of 13 voting members
13 of 13 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$70K
Spent
$18K
To programs
80%
Net assets
$51K
By yearFY2021–FY2024
Revenue
$70K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$70K
FY2022$29K
FY2023$17K
FY2024$4K
Expenses
$18K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$18K
FY2022$20K
FY2023$12K
FY2024$22K
Net assets
$51K
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$51K
FY2022$60K
FY2023$65K
FY2024$46K

From the FY2021 Form 990 · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

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

80 cents of each dollar spent went to programs.

Program services 80% · $15K Management & general 20% · $4K

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

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Who runs it and what they're paid

13 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.

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1 program · $15K · in their own filed words · FY2021
01

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

$15Kprogram 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 FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$70K
Ln 12
Gifts and grantsLn 1h$52K
Other incomeLn 4–11$18K
Money outPt IX
$18K
Ln 25
Programscol B$15K
Managementcol C$4K
Owns and owesPt X
$51K
net assets · Ln 32
Cash and savingsLn 1–2$51K
Total assetsLn 16$51K
LiabilitiesLn 26$0
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$52K
Other incomeLn 4–11$18K
Total revenueLn 12$70K
Assets in detailPt X, end of year
CashLn 1$51K
Cash and savings togetherLn 1–2$51K
Total assetsLn 16$51K
LiabilitiesLn 26$0
Net assetsLn 32$51K
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 FY21End FY21
Cash and savingsLn 1–2$51K
Total assetsLn 16$0$51K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$51K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Grants to domestic individualsLn 2$3K$3K
Legal feesLn 11b$2K$2K
InsuranceLn 23$2K$2K
Total functional expensesLn 25$18K$15K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled 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
FY2021 ViewingFiled with the IRS May 16, 2022 $70K$18K$51K$51K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $69,825 revenue, 12 lines filed
I-8 Contributions and grants$51,510
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$18,315
I-12 Total revenue$69,825
I-13 Grants and similar amounts paid$14,685
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$3,747
I-18 Total expenses$18,432
I-19 Revenue less expenses$51,393
Part VI · Governance 13 of 13 board members independent, 1 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
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 $69,825 across 4 lines filed
VIII-1f All other contributions, gifts and grants$51,510
VIII-1h Total contributions, gifts and grants$51,510
VIII-8 Net income from fundraising events$18,315
VIII-12 Total revenue$69,825
Part IX · Statement of functional expenses $18,432 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $12,000$12,000
IX-2 Grants to domestic individualsPrograms $2,685$2,685
IX-11b Legal feesManagement $2,000$2,000
IX-23 InsuranceManagement $1,747$1,747
IX-25 Total functional expensesPrograms $14,685 · Management $3,747 · Fundraising $0$18,432
Part X · Balance sheet $51,393 assets, 6 lines filed
X-1 Cash, non-interest-bearing$51,393
X-16 Total assetsStart of year $0$51,393
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$51,393
X-32 Total net assets or fund balancesStart of year $0$51,393
X-33 Total liabilities and net assetsStart of year $0$51,393
Part XI · Reconciliation of net assets $51,393 net assets at year end
XI-1 Total revenue$69,825
XI-2 Total expenses$18,432
XI-3 Revenue less expenses$51,393
XI-10 Net assets at end of year$51,393

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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