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Thomson Charitable Foundation EIN 42-1497057

Thomson Charitable Foundation

EIN  42-1497057 Private foundation / grantmaker Cresco, IA
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Size
$100K–1M
What they do
A private foundation based in Cresco, IA. It reported about $410K in revenue for 2025.
Leadership
John S Thomson · Director/President/Treasurer
Money in and out
$410K revenue, $214K expenses
Bottom line
—

A private foundation based in Cresco, IA. It reported about $410K in revenue for 2025. For fiscal year 2025 it reported $410K in revenue, $214K in expenses, and $2.6M in net assets.Pt I

Grants paid & assets · FY2025
Total revenue
$410K
Pt VIII · Ln 12
Total expenses
$214K
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $196K
Total assets
2.6M
deployed as grants and operations
Grants paid
181K
in FY2025
Grants made
30grants
total in period
Payout rate
7%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 30 grants · $177K · 2025–2025
City of CrescoFY2025$50,750
Norman-Borlaug Heritage FoundationFY2025$35,000
Floyd County Fair SocietyFY2025$25,000
Northeast Iowa Community College FoundationFY2025$20,000
Northeast Iowa Food BankFY2025$6,000
Shriners Childrens HospitalFY2025$5,250
Cresco Elm Street RentalsFY2025$5,000
St Jude Children Research HospitalFY2025$5,000
Notre Dame Catholic ParishFY2025$5,000
Wartburg CollegeFY2025$5,000
Howard County Agrl SocietyFY2025$4,100
Howard County Business and TourismFY2025$1,500
Howard County Community Schools FoundationFY2025$1,400
Fellowship of Christian AthletesFY2025$1,000
Covenant House InternationalFY2025$1,000
Midwest Mission Teens MbtcFY2025$1,000
Opportunity Homes INCFY2025$1,000
Oaklawn Cemetery Association of Cresco IaFY2025$1,000
See all 30 grants →

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$6K
Median grantPart XV$1K
Largest grantPart XV$51K

Summary of the Filing

Part I · fiscal year 2025 · Form 990-PF
Revenue
$410K
FY2025▼ -7%
Expenses
$214K
FY2025▲ +39%
Total assets
$2.6M
FY2025▼ -5%
Total liabilities
$0
FY2025
Total revenue
$410K
Pt VIII · Ln 12
Total expenses
$214K
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Total assetsPt II$2.6M

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThomson Charitable Foundation
EINHdr · item D42-1497057
Principal addressHdr · item CCresco, IA
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFMar 2000

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
John S Thomson
Director/President/Treasurer
$0Pt VII · Sec A
Stephanie C Thomson
Director/Secretary
$0Pt VII · Sec A
See Thomson Charitable Foundation executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$324K · 79%
Investment income$86K · 21%
Contributions & grants79%$324K
Investment income21%$86K
Total revenueLn 12$410K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.85 Operating & administrative $0.15
Grants & contributions paid85%$181K
Operating & administrative15%$33K
Total functional expensesLn 25$214K

Balance Sheet

Part X · end of year
CashLn 1$1.1M
Total assetsLn 16$2.6M
Total liabilitiesLn 26$0
Total net assetsLn 32$2.6M
Months of cash on handcomputed62.5

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $2.6M
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $410K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $410K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $410K · Prior year $439K
-7%
Revenue CAGR
FY2020 $69K · FY2025 $410K
+43%
Net-asset trend (YoY)
End of year $2.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $410K · Expenses $214K
+48%
Liabilities-to-Assets
Total liabilities — · Total assets $2.6M
—
Net-asset ratio
Net assets $2.6M · Total assets $2.6M
100%
People & payroll
Highest Reported Total Compensation
Individual John S Thomson · Reported title Director/President/Treasurer · Highest reported compensation $0 · Total expenses $214K
0%
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth -7%——

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
FY2025 (Latest)$410K revenue · viewing · ⤓ 990 PDF
FY2024$439K revenue · ⤓ 990 PDF
FY2023$63K revenue · ⤓ 990 PDF
FY2022$54K revenue · ⤓ 990 PDF
FY2021$80K revenue · ⤓ 990 PDF
FY2020$69K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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