Nonprofit · EIN 52-1400492
THOLOS FOUNDATION
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,375,082 | $4,917,832 | -$2,542,750 | $4,108,256 | $24,143,755 | -$20,035,499 |
| December 31, 2023 | 990 | $2,746,957 | $4,978,442 | -$2,231,485 | $3,468,200 | $20,904,154 | -$17,435,954 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,258,638
- Program service revenue
- $1,000
- Investment income
- $115,444
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $432,016
- Compensation of officers, directors and key employees
- $269,288
- Other salaries and wages
- $1,369,119
- Salaries, compensation and benefits (total)
- $1,883,525
- Professional fundraising fees
- $0
- Legal fees
- $25,312
- Accounting fees
- $30,774
- Occupancy
- $493,440
- Travel
- $562,888
- Depreciation
- $36,479
- Program services (functional)
- $3,496,940
- Management and general (functional)
- $802,322
- Fundraising (functional)
- $618,570
Balance sheet and other
- Total assets, start of year
- $3,468,200
- Total assets, end of year
- $4,108,256
- Total liabilities, end of year
- $24,143,755
- Net assets, end of year
- -$20,035,499
- Publicly traded securities
- $130,934
- Net assets without donor restrictions
- -$20,035,499
- Gross receipts
- $2,375,082
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1985
- State of legal domicile
- DC
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 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Grover G Norquist | President Trustee or director, Officer | 16 | $100,000 | $150,000 | $55,417 |
| Christopher Butler | Executive Director Officer | 12 | $64,865 | $151,352 | $53,039 |
| John Kartch | Vice President of Communications Highest-paid employee | 18 | $86,400 | $105,600 | $36,509 |
| Patrick Gleason | Director of State Affairs Highest-paid employee | 16 | $77,483 | $116,225 | $30,830 |
| Lorenzo Montanari | Dir. of International Programs and Affairs Highest-paid employee | 40 | $196,625 | $0 | $21,725 |
| Andreas Hellman | Dir. of Outreach, Tax & Regulatory Procedures Highest-paid employee | 6 | $25,175 | $142,658 | $29,410 |
| Timothy Andrews | Dir. of Consumer Issues Highest-paid employee | 16 | $59,120 | $88,680 | $14,260 |
| Megan Worley | Vice President of Finance Officer | 20 | $47,500 | $47,500 | $37,688 |
| Peter Balkin | Vice President Trustee or director, Officer | 20 | $0 | $0 | $0 |
| Mark Klugmann | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Paul Smith | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Caren Tolozcko | Board Member Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Grover Norquist | President Trustee or director, Officer | 16 | $100,000 | $150,000 | $49,299 |
| Christopher Butler | Executive Director Officer | 12 | $62,880 | $146,720 | $44,588 |
| John Kartch | Vice President of Communications Highest-paid employee | 18 | $86,850 | $106,150 | $33,400 |
| Patrick Gleason | Director of State Affairs Highest-paid employee | 16 | $69,472 | $104,208 | $30,202 |
| Lorenzo Montanari | Dir. of International Programs and Affairs Highest-paid employee | 40 | $175,000 | $0 | $16,036 |
| Andreas Hellman | Dir. of Outreach, Tax & Regulatory Policy Highest-paid employee | 34 | $22,800 | $129,200 | $23,197 |
| Margaret Mire | Director of State Government Relations Highest-paid employee | 18 | $69,394 | $84,814 | $12,770 |
| Megan Worley | Vice President of Finance Officer | 20 | $48,250 | $48,250 | $33,290 |
| Peter Balkin | Vice President Trustee or director, Officer | 20 | $0 | $0 | $0 |
| Mark Klugmann | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Paul Smith | Board Member Trustee or director | 1 | $0 | $0 | $0 |
| Caren Toloczko | Board Member Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 722 12TH STREET NW 4TH FLOOR, WASHINGTON, DC 20005-3966
- In care of
- % HALT THRASHER AND BUZAS
- Principal officer (990 for 2024)
- Grover G Norquist, 722 12th Street NW 4th floor, Washington, DC 20005
- Signed the 990
- Grover G Norquist, President
- Phone
- (202) 785-0266
- Return prepared by
- Rogers & Company PLLC
Mission
Tholos Foundation was created for the purpose of engaging in charitable and educational activities relating to the promotion of tax fairness and economic prosperity. Tholos accomplishes this mission through education and analysis.
Program accomplishments
- Education: Outreach efforts to educate taxpayers on the true causes and effects of legislation and regulatory affairs.Expenses $1,723,318 · grants $432,016
- Events: Throughout the year, Tholos hosts a multitude of press conferences, meetings, and special events highlighting the year's work.Expenses $1,020,817 · revenue $1,000
- Publications: Tholos publishes the International Property Rights Index, Trade Barrier Index, and other various reports.Expenses $752,805
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. 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 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-1400492
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1985
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $4,108,256
- Income (IRS master file)
- $2,375,082
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $2,375,082 | $4,917,832 | $4,108,256 | IRS |
| 990 | December 2023 | $2,746,957 | $4,978,442 | $3,468,200 | XML |
| 990 | December 2022 | $3,494,231 | $4,776,182 | $3,436,033 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | 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 52-1400492).
Questions about THOLOS FOUNDATION
- What is the EIN of THOLOS FOUNDATION?
- The employer identification number (EIN) of THOLOS FOUNDATION is 52-1400492.
- Is THOLOS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
- Are donations to THOLOS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THOLOS FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THOLOS FOUNDATION 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 THOLOS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THOLOS FOUNDATION?
- The 990 for the year ended December 31, 2024 names Grover G Norquist.
- Who are the officers and directors of THOLOS FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 12 people; 8 received compensation from the organization, the highest $100,000 (Grover G Norquist, President).
- How much revenue does THOLOS FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,375,082, expenses of $4,917,832 and total assets of $4,108,256 at year end.
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