Nonprofit · EIN 85-0457010
THORNBURG FOUNDATION
Tax-exempt · SANTA FE, NM 87506
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $15,189,769 | $8,187,818 | $7,001,951 | $179,398,522 | $69,702 | $179,328,820 |
| December 31, 2023 | 990-PF | $12,925,067 | $7,482,223 | $5,442,844 | $147,085,767 | $20,184 | $147,065,583 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $10,000,000
- Dividends
- $3,772,501
- Interest
- $6,170
- Net gain from sales of assets
- $1,404,515
- Other income
- $6,583
Expenses
- Grants and similar amounts paid
- $6,402,934
- Compensation of officers, directors and key employees
- $259,933
- Salaries, compensation and benefits (total)
- $747,899
- Disbursements for charitable purposes
- $7,969,108
- Excise tax on investment income
- $83,990
Balance sheet and other
- Total assets, start of year
- $147,085,767
- Total assets, end of year
- $179,398,522
- Total liabilities, end of year
- $69,702
- Net assets, end of year
- $179,328,820
- Fair market value of assets
- $179,398,522
- Qualifying distributions
- $7,969,108
- Net investment income
- $7,194,754
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.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALLAN OLIVER 2300 N RIDGETOP RD, SANTA FE, NM 87506 | EXECUTIVE DIRECTOR | 40 | $259,933 | $25,989 |
| JAREL LAPAN HILL 2300 N RIDGETOP RD, SANTA FE, NM 87506 | POLICY OFFICER Highest-paid employee | 40 | $144,400 | $6,468 |
| PATRICK MCCARTHY 2300 N RIDGETOP RD, SANTA FE, NM 87506 | POLICY OFFICER Highest-paid employee | 40 | $140,310 | $43,625 |
| STEVEN M WEINBERG II 2300 N RIDGETOP RD, SANTA FE, NM 87506 | POLICY OFFICER Highest-paid employee | 40 | $134,769 | $15,734 |
| LESLIE GARCIA 2300 N RIDGETOP RD, SANTA FE, NM 87506 | ADMIN DIRECTOR Highest-paid employee | 40 | $99,768 | $28,375 |
| JOLENE VALDEZ 2300 N RIDGETOP RD, SANTA FE, NM 87506 | GRANTS & ACCOUNTING Highest-paid employee | 40 | $62,210 | $16,816 |
| GARRETT THORNBURG 2300 N RIDGETOP RD, SANTA FE, NM 87507 | PRESIDENT | 3 | $0 | $0 |
| BLAIR NAYLOR 2300 N RIDGETOP RD, SANTA FE, NM 87513 | DIRECTOR/VICE PRESIDENT | 1 | $0 | $0 |
| JIM MINICH 2300 N RIDGETOP RD, SANTA FE, NM 87514 | DIRECTOR/TREASURER | 1 | $0 | $0 |
| FRED NATHAN 2300 N RIDGETOP RD, SANTA FE, NM 87511 | DIRECTOR/SECRETARY | 1 | $0 | $0 |
| BRIAN BOYD 2300 N RIDGETOP RD, SANTA FE, NM 87512 | DIRECTOR | 1 | $0 | $0 |
| ALON KASHA 2300 N RIDGETOP RD, SANTA FE, NM 87510 | DIRECTOR | 1 | $0 | $0 |
| ELLIOT THORNBURG 2300 N RIDGETOP RD, SANTA FE, NM 87509 | DIRECTOR | 1 | $0 | $0 |
| LLOYD THORNBURG 2300 N RIDGETOP RD, SANTA FE, NM 87508 | DIRECTOR | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALLAN OLIVER 2300 N RIDGETOP RD, SANTA FE, NM 87506 | EXECUTIVE DIRECTOR | 40 | $245,268 | $20,895 |
| STEVEN M WEINBERG II 2300 N RIDGETOP RD, SANTA FE, NM 87506 | POLICY OFFICER Highest-paid employee | 40 | $146,715 | $17,134 |
| JAREL L HILL 2300 N RIDGETOP RD, SANTA FE, NM 87506 | EMPLOYEE Highest-paid employee | 40 | $137,165 | $5,094 |
| PATRICK MCCARTHY 2300 N RIDGETOP RD, SANTA FE, NM 87506 | POLICY OFFICER Highest-paid employee | 40 | $133,671 | $40,499 |
| LESLIE GARCIA 2300 N RIDGETOP RD, SANTA FE, NM 87506 | ADMIN DIRECTOR Highest-paid employee | 40 | $93,114 | $25,270 |
| DAVE NEZZIE 2300 N RIDGETOP RD, SANTA FE, NM 87506 | POLICY OFFICER Highest-paid employee | 40 | $90,160 | $20,376 |
| GARRETT THORNBURG 2300 N RIDGETOP RD, SANTA FE, NM 87506 | PRESIDENT | 3 | $0 | $0 |
| LLOYD THORNBURG 2300 N RIDGETOP RD, SANTA FE, NM 87506 | DIRECTOR | 1 | $0 | $0 |
| ELLIOT THORNBURG 2300 N RIDGETOP RD, SANTA FE, NM 87506 | DIRECTOR | 1 | $0 | $0 |
| ALON KASHA 2300 N RIDGETOP RD, SANTA FE, NM 87506 | DIRECTOR | 1 | $0 | $0 |
| FRED NATHAN 2300 N RIDGETOP RD, SANTA FE, NM 87506 | DIRECTOR/SECRETARY | 1 | $0 | $0 |
| BRIAN BOYD 2300 N RIDGETOP RD, SANTA FE, NM 87506 | DIRECTOR | 1 | $0 | $0 |
| BLAIR NAYLOR 2300 N RIDGETOP RD, SANTA FE, NM 87506 | DIRECTOR/VICE PRESIDENT | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2300 N RIDGETOP RD, SANTA FE, NM 87506-8361
- In care of
- % KEVIN HANSEN
- Signed the 990-PF
- GARRETT THORNBURG, PRESIDENT/CHAIRMAN
- Phone
- (505) 467-7853
- Website
- WWW.THORNBURGFOUNDATION.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
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 | Not 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
- 85-0457010
- 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
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $179,398,522
- Income (IRS master file)
- $16,465,866
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $15,189,769 | $8,187,818 | $179,398,522 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990-PF | December 2023 | $12,925,067 | $7,482,223 | $147,085,767 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-T | 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 85-0457010).
Questions about THORNBURG FOUNDATION
- What is the EIN of THORNBURG FOUNDATION?
- The employer identification number (EIN) of THORNBURG FOUNDATION is 85-0457010.
- Is THORNBURG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to THORNBURG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THORNBURG FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THORNBURG 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 THORNBURG FOUNDATION 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 THORNBURG FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 14 people; 6 received compensation from the organization, the highest $259,933 (ALLAN OLIVER, EXECUTIVE DIRECTOR).
- How much revenue does THORNBURG FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $15,189,769, expenses of $8,187,818 and total assets of $179,398,522 at year end.
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