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Thrift INC EIN 59-0802932 Form 990 (PDF) Claim this org

Thrift INC FY2022 filing

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A private foundation based in Palm Beach, FL. It reported about $32K in revenue for 2021. For fiscal year 2022 it reported $32K in revenue, $41K in expenses, and $97K in net assets.Pt I

Type
Private foundation / grantmaker · Foundations & Grantmakers
Location
Palm Beach, FL
Filings
6 on file (2020–2022)
Revenue
$32KFY2022
Expenses
$41K
Net assets
$97K
People
0
Filings
6
Updates
0
More identity details & actions ⌄
EIN  59-0802932 Private foundation / grantmaker Palm Beach, FL
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
<$100K
What they do
A private foundation based in Palm Beach, FL. It reported about $32K in revenue for 2021.
Money in and out
$32K revenue, $41K expenses
Bottom line
—
Grants paid & assets · FY2022
Total revenue
$32K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9K
Total assets
97K
deployed as grants and operations
Grants paid
40K
in FY2022
Grants made
16grants
total in period
Payout rate
41%
of assets (5% rule)

Who They Fund

Part XV · grants paid · 16 grants · $46K · 2025–2025
Covenant HouseFY2025$5,000
The Lords PlaceFY2025$5,000
Season to ShareFY2025$4,000
Rehab Center of Palm BeachFY2025$4,000
Place of Hope INCFY2025$4,000
Center for Creative EducationFY2025$3,000
South Florida Science MuseumFY2025$3,000
Quantum HouseFY2025$3,000
Lighthouse for the BlindFY2025$3,000
Hanley CenterFY2025$3,000
Chapman FoundationFY2025$2,000
Town of Palm Beach United WayFY2025$2,000
A Second Chance Puppies and KittensFY2025$1,500
Center for Family ServiceFY2025$1,500
A Second ChanceFY2025$1,500
West Palm Beach Golf Community TrFY2025$1,000

Grantmaking Profile

Patterns in foundation giving
Average grantPart XV$3K
Median grantPart XV$3K
Largest grantPart XV$5K

Summary of the Filing

Part I · fiscal year 2022 · Form 990-PF
Revenue
$32K
FY2022▲ +10%
Expenses
$41K
FY2022▼ -17%
Total assets
$97K
FY2022▼ -8%
Total liabilities
$0
FY2022
Total revenue
$32K
Pt VIII · Ln 12
Total expenses
$41K
Pt IX · Ln 25
Net assets
$97K
Pt X · Ln 32
Total assetsPt II$97K

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThrift INC
EINHdr · item D59-0802932
Principal addressHdr · item CPalm Beach, FL
WebsiteHdr · item Jnone reported
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T22)
Ruling yearIRS BMFJan 1943

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 Thrift INC executive salaries →

Statement of Revenue

Part VIII
Contributions & grants100%$32K
Investment income$58
Total revenueLn 12$32K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Grants & contributions paid $0.97 Operating & administrative $0.03
Grants & contributions paid97%$40K
Operating & administrative3%$1K
Total functional expensesLn 25$41K

Balance Sheet

Part X · end of year
CashLn 1$97K
Total assetsLn 16$97K
Total liabilitiesLn 26$0
Total net assetsLn 32$97K
Months of cash on handcomputed28.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Payout rate
Grants paid $0 · Total assets $97K
0%
Where the money comes from
Contribution dependence
Contributions & grants — · Total revenue $32K
—
Government reliance
not reported
Earned-income share
not reported
Investment reliance
Investment income $0 · Total revenue $32K
0%
Program self-sufficiency
not reported
Growth & trend
Revenue growth (YoY)
This year $32K · Prior year $29K
+10%
Net-asset trend (YoY)
End of year $97K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $32K · Expenses $41K
-28%
Liabilities-to-Assets
Total liabilities — · Total assets $97K
—
Net-asset ratio
Net assets $97K · Total assets $97K
100%
People & payroll
Highest Reported Total Compensation
Individual — · Reported title — · Highest reported compensation — · Total expenses $41K
No individual compensation reported on this filing
Personnel share
not reported
Peer comparison

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

MetricThis orgPeer medianPercentile
Revenue growth 10%——

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$33K revenue · ⤓ 990 PDF
FY2024$34K revenue · ⤓ 990 PDF
FY2023$30K revenue · ⤓ 990 PDF
FY2022$32K revenue · viewing · ⤓ 990 PDF
FY2021$29K revenue · ⤓ 990 PDF
FY2020$33K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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