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Thomson Charitable Foundation EIN 42-1497057

Thomson Charitable Foundation FY2020 filing

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A private foundation based in Cresco, IA. It reported about $69K in revenue for 2020. For fiscal year 2020 it reported $69K in revenue, $152K in expenses, and $2.6M in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Cresco, IA
Filings
6 on file (2020–2020)
Revenue
$69KFY2020
Expenses
$152K
Net assets
$2.6M
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  42-1497057 Private foundation / grantmaker Cresco, IA
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Cresco, IA. It reported about $69K in revenue for 2020.
Money in and out
$69K revenue, $152K expenses
Bottom line
—
Grants paid & assets · FY2020
Total revenue
$69K
Pt VIII · Ln 12
Total expenses
$152K
Pt IX · Ln 25
Net assets
$2.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$84K
Total assets
2.6M
deployed as grants and operations
Grants paid
136K
in FY2020
Grants made
30grants
total in period
Payout rate
5%
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 2020 · Form 990-PF
Revenue
$69K
FY2020
Expenses
$152K
FY2020
Total assets
$2.6M
FY2020
Total liabilities
$0
FY2020
Total revenue
$69K
Pt VIII · Ln 12
Total expenses
$152K
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
Officers, directors & key employeesPt VII · Sec ANot reported
See Thomson Charitable Foundation executive salaries →

Statement of Revenue

Part VIII
Investment income$39K · 57%
Contributions & grants$29K · 43%
Investment income57%$39K
Contributions & grants43%$29K
Total revenueLn 12$69K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.90 Operating & administrative $0.10
Grants & contributions paid90%$136K
Operating & administrative10%$16K
Total functional expensesLn 25$152K

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 handcomputed88.5

Financial Metrics

Form 990 · FY2020 · 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 $69K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $69K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $69K · Prior year —
No prior year on file
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 $69K · Expenses $152K
-122%
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 — · Reported title — · Highest reported compensation — · Total expenses $152K
No individual compensation reported on this filing
Personnel share
not reported

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. Peer cohort: .

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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 · ⤓ 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 · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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