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Nonprofit · EIN 35-1754670

THURSTON FOUNDATION INC

Tax-exempt · CARMEL, IN 46033

Financials

$151K$1.2M2023$2M$936K2024
Revenue Expenses · by fiscal year end
Financials of THURSTON FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$1,979,666$935,762$1,043,904$18,102,437$1,872$18,100,565
December 31, 2023990-PF$151,026$1,167,155-$1,016,129$17,057,242$581$17,056,661
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Dividends
$307,622
Interest
$185,965
Net gain from sales of assets
$1,169,512
Other income
$316,567

Expenses

Grants and similar amounts paid
$743,050
Compensation of officers, directors and key employees
$42,000
Disbursements for charitable purposes
$801,441
Excise tax on investment income
$25,671

Balance sheet and other

Total assets, start of year
$17,057,242
Total assets, end of year
$18,102,437
Total liabilities, end of year
$1,872
Net assets, end of year
$18,100,565
Fair market value of assets
$21,330,771
Qualifying distributions
$801,441
Net investment income
$1,979,666

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
MARCIA THURSTON ROBERTS
5307 WOODFIELD S DRIVE, CARMEL, IN 46033
PRESIDENT10$42,000
JIM THURSTON
755 RACETIME ROAD, WESTFIELD, IN 46074
DIRECTOR1$10,000
TIM THURSTON
902 N SHORE BLVD, FRANKLIN, IN 46131
DIRECTOR1$0
990-PF for the year ended December 31, 2023: 3 people
NameTitleHours / weekCompensationOther / benefits
MARCIA THURSTON ROBERTS
5307 WOODFIELD S DRIVE, CARMEL, IN 46033
PRESIDENT10$10,000$30,000
TIM THURSTON
902 N SHORE BLVD, FRANKLIN, IN 46131
DIRECTOR1$0$0
JIM THURSTON
755 RACETIME ROAD, WESTFIELD, IN 46074
DIRECTOR1$0$0

Address and contacts

Address (IRS master file)
5307 WOODFIELD DR S, CARMEL, IN 46033-8604
Signed the 990-PF
MARCIA THURSTON ROBERTS, PRESIDENT
Phone
(317) 373-1688
Return prepared by
BLUE & CO LLC

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
35-1754670
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
1989
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$18,102,437
Income (IRS master file)
$8,231,626

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$1,979,666$935,762$18,102,437IRS
990-TDecember 2024–––IRS
990-PFDecember 2023$151,026$1,167,155$17,057,242XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––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 35-1754670).

Questions about THURSTON FOUNDATION INC

What is the EIN of THURSTON FOUNDATION INC?
The employer identification number (EIN) of THURSTON FOUNDATION INC is 35-1754670.
Is THURSTON FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1989.
Are donations to THURSTON FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does THURSTON FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of THURSTON FOUNDATION INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THURSTON FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended December 2024.
Who are the officers and directors of THURSTON FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $42,000 (MARCIA THURSTON ROBERTS, PRESIDENT).
How much revenue does THURSTON FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $1,979,666, expenses of $935,762 and total assets of $18,102,437 at year end.

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