Nonprofit · EIN 20-1831468
THE THOMAS FOUNDATION
Tax-exempt · FRISCO, TX 75034
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $363,057 | $702,199 | -$339,142 | $13,037,061 | $0 | $13,037,061 |
| December 31, 2024 | 990-PF | $761,539 | $710,406 | $51,133 | $12,615,941 | $0 | $12,615,941 |
| December 31, 2023 | 990-PF | $743,888 | $771,490 | -$27,602 | $12,422,809 | $0 | $12,422,809 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $423,413
- Net gain from sales of assets
- -$63,267
- Other income
- $2,911
Expenses
- Grants and similar amounts paid
- $500,000
- Compensation of officers, directors and key employees
- $90,000
- Disbursements for charitable purposes
- $581,086
- Excise tax on investment income
- $4,876
Balance sheet and other
- Total assets, start of year
- $12,615,941
- Total assets, end of year
- $13,037,061
- Total liabilities, end of year
- $0
- Net assets, end of year
- $13,037,061
- Fair market value of assets
- $13,108,341
- Qualifying distributions
- $581,086
- Net investment income
- $426,324
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL THOMAS PO BOX 1779, FRISCO, TX 75034 | DIRECTOR | 30 | $48,000 | $11,230 |
| DEBORAH THOMAS PO BOX 1779, FRISCO, TX 75034 | SEC/TREAS/DI | 30 | $42,000 | $0 |
| STANLEY THOMAS PO BOX 1779, FRISCO, TX 75034 | PRES/DIR | 4 | $0 | $0 |
| DAVID THOMAS PO BOX 1779, FRISCO, TX 75034 | DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL THOMAS PO BOX 1779, FRISCO, TX 75034 | DIRECTOR | 30 | $48,000 | $10,319 |
| DEBORAH THOMAS PO BOX 1779, FRISCO, TX 75034 | SEC/TREAS/DI | 30 | $42,000 | $0 |
| STANLEY THOMAS PO BOX 1779, FRISCO, TX 75034 | PRES/DIR | 4 | $0 | $0 |
| DAVID THOMAS PO BOX 1779, FRISCO, TX 75034 | DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| MICHAEL THOMAS PO BOX 797066, DALLAS, TX 75379 | DIRECTOR | 30 | $48,000 | $9,888 |
| DEBORAH THOMAS PO BOX 797066, DALLAS, TX 75379 | SEC/TREAS/DI | 30 | $42,000 | $0 |
| STANLEY THOMAS PO BOX 797066, DALLAS, TX 75379 | PRES/DIR | 4 | $0 | $0 |
| DAVID THOMAS PO BOX 797066, DALLAS, TX 75379 | DIRECTOR | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 1779, FRISCO, TX 75034-0030
- Signed the 990-PF
- STANLEY THOMAS, PRES/DIR
- Phone
- (972) 407-6162
- Return prepared by
- SOMMERVILLE & ASSOCIATES PC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-PF on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 20-1831468
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $13,037,061
- Income (IRS master file)
- $3,811,934
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $363,057 | $702,199 | $13,037,061 | XML |
| 990-PF | December 2024 | $761,539 | $710,406 | $12,615,941 | XML |
| 990-PF | December 2023 | $743,888 | $771,490 | $12,422,809 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-1831468).
Questions about THE THOMAS FOUNDATION
- What is the EIN of THE THOMAS FOUNDATION?
- The employer identification number (EIN) of THE THOMAS FOUNDATION is 20-1831468.
- Is THE THOMAS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to THE THOMAS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THE THOMAS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THE THOMAS FOUNDATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE THOMAS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2025.
- Who are the officers and directors of THE THOMAS FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 2 received compensation from the organization, the highest $48,000 (MICHAEL THOMAS, DIRECTOR).
- How much revenue does THE THOMAS FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $363,057, expenses of $702,199 and total assets of $13,037,061 at year end.
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All nonprofits in FRISCO · Texas · Philanthropy, voluntarism and grantmaking foundations