Nonprofit · EIN 72-1394262
JAMES M THOMAS AND LUVIE C THOMAS FOUNDATION
Tax-exempt · OXFORD, MS 38655
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990-PF | $263,875 | $204,213 | $59,662 | $1,891,296 | $0 | $1,891,296 |
| May 31, 2024 | 990-PF | $236,912 | $282,342 | -$45,430 | $1,831,634 | $0 | $1,831,634 |
| May 31, 2022 | 990-PF | $214,290 | $247,946 | -$33,656 | $2,092,178 | $0 | $2,092,178 |
Financial details: 990-PF for the year ended May 31, 2025
Revenue
- Dividends
- $91,040
- Interest
- $1
- Net gain from sales of assets
- $172,834
Expenses
- Grants and similar amounts paid
- $200,720
- Compensation of officers, directors and key employees
- $1,500
- Disbursements for charitable purposes
- $202,640
- Excise tax on investment income
- $3,668
Balance sheet and other
- Total assets, start of year
- $1,831,634
- Total assets, end of year
- $1,891,296
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,891,296
- Fair market value of assets
- $6,858,805
- Qualifying distributions
- $202,640
- Net investment income
- $263,875
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES K DOSSETT JR 3808 CLEGHORN AVENUE APT 805, NASHVILLE, TN 37215 | VICE-PRESIDENT/SECRETARY | 0.5 | $1,500 |
| CAROL THOMAS BARNES 1755 JACKSON AVE E UNIT 8, OXFORD, MS 38655 | PRESIDENT | 0.5 | $0 |
| AMY THOMAS CRAWFORD 1004 NOTTINGHAM ROAD, STARKVILLE, MS 39759 | TREASURER | 0.5 | $0 |
| ASHLEY CRAWFORD JONES 3373 HERMITAGE ROAD, MOUNTAIN BROOK, AL 35223 | DIRECTOR | 0.5 | $0 |
| LAURA CRAWFORD RACKLEY 102 TURNBERRY LANE, STARKVILLE, MS 39759 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended May 31, 2024: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES K DOSSETT JR 123 HIDDEN HEIGHTS, RIDGELAND, MS 39236 | VICE-PRESIDENT/SECRETARY | 0.5 | $1,500 |
| CAROL THOMAS BARNES 1755 JACKSON AVE E UNIT 8, OXFORD, MS 38655 | PRESIDENT | 0.5 | $0 |
| AMY THOMAS CRAWFORD 1004 NOTTINGHAM ROAD, STARKVILLE, MS 39759 | TREASURER | 0.5 | $0 |
| ASHLEY CRAWFORD JONES 3373 HERMITAGE ROAD, MOUNTAIN BROOK, AL 35223 | DIRECTOR | 0.5 | $0 |
| LAURA CRAWFORD RACKLEY 102 TURNBERRY LANE, STARKVILLE, MS 39759 | DIRECTOR | 0.5 | $0 |
990-PF for the year ended May 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES K DOSSETT JR 123 HIDDEN HEIGHTS, RIDGELAND, MS 39236 | VICE-PRESIDENT/SECRETARY | 0.5 | $1,500 |
| CAROL THOMAS BARNES 1755 JACKSON AVE E UNIT 8, OXFORD, MS 38655 | PRESIDENT | 0.5 | $0 |
| AMY THOMAS CRAWFORD 1004 NOTTINGHAM ROAD, STARKVILLE, MS 39759 | TREASURER | 0.5 | $0 |
| ASHLEY CRAWFORD JONES 3373 HERMITAGE ROAD, MOUNTAIN BROOK, AL 35223 | DIRECTOR | 0.5 | $0 |
| LAURA CRAWFORD RACKLEY 102 TURNBERRY LANE, STARKVILLE, MS 39759 | DIRECTOR | 0.5 | $0 |
Address and contacts
- Address (IRS master file)
- 1755 JACKSON AVE E APT 8, OXFORD, MS 38655-4124
- In care of
- % CAROL T BARNES
- Signed the 990-PF
- CAROL T BARNES, PRESIDENT
- Phone
- (318) 518-6952
- Return prepared by
- COLE EVANS & PETERSON
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990-PF on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990-PF on file |
IRS record
- EIN
- 72-1394262
- 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
- 1997
- Accounting year ends
- May
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20Z)
- Assets (IRS master file)
- $1,891,296
- Income (IRS master file)
- $311,041
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | May 2025 | $263,875 | $204,213 | $1,891,296 | XML |
| 990-PF | May 2024 | $236,912 | $282,342 | $1,831,634 | XML |
| 990-PF | May 2023 | – | – | – | IRS |
| 990-PF | May 2022 | $214,290 | $247,946 | $2,092,178 | XML |
| 990-PF | May 2021 | – | – | – | 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 72-1394262).
Questions about JAMES M THOMAS AND LUVIE C THOMAS FOUNDATION
- What is the EIN of JAMES M THOMAS AND LUVIE C THOMAS FOUNDATION?
- The employer identification number (EIN) of JAMES M THOMAS AND LUVIE C THOMAS FOUNDATION is 72-1394262.
- Is JAMES M THOMAS AND LUVIE C THOMAS FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to JAMES M THOMAS AND LUVIE C THOMAS FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does JAMES M THOMAS AND LUVIE C THOMAS FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of JAMES M THOMAS AND LUVIE C THOMAS FOUNDATION due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did JAMES M THOMAS AND LUVIE C THOMAS FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended May 2025.
- Who are the officers and directors of JAMES M THOMAS AND LUVIE C THOMAS FOUNDATION?
- The 990-PF for the year ended May 31, 2025 lists 5 people; 1 received compensation from the organization, the highest $1,500 (JAMES K DOSSETT JR, VICE-PRESIDENT/SECRETARY).
- How much revenue does JAMES M THOMAS AND LUVIE C THOMAS FOUNDATION have?
- On its 990-PF for the year ended May 31, 2025 it reported revenue of $263,875, expenses of $204,213 and total assets of $1,891,296 at year end.
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