Nonprofit · EIN 85-1073773
THORNTON FAMILY FOUNDATION
Tax-exempt · DALLAS, TX 75205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-PF | $133,412 | $227,129 | -$93,717 | $2,915,574 | $0 | $2,915,574 |
| December 31, 2024 | 990-PF | $1,841,226 | $199,258 | $1,641,968 | $3,009,291 | $0 | $3,009,291 |
| December 31, 2023 | 990-PF | -$65,291 | $199,298 | -$264,589 | $1,367,323 | $0 | $1,367,323 |
Financial details: 990-PF for the year ended December 31, 2025
Revenue
- Dividends
- $88,214
- Net gain from sales of assets
- $44,872
- Other income
- $326
Expenses
- Grants and similar amounts paid
- $160,000
- Compensation of officers, directors and key employees
- $0
- Disbursements for charitable purposes
- $187,461
- Excise tax on investment income
- $1,590
Balance sheet and other
- Total assets, start of year
- $3,009,291
- Total assets, end of year
- $2,915,574
- Total liabilities, end of year
- $0
- Net assets, end of year
- $2,915,574
- Fair market value of assets
- $2,559,400
- Qualifying distributions
- $187,461
- Net investment income
- $133,086
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 |
|---|---|---|---|
| JOE B THORNTON JR 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | PRESIDENT, TREASURER, AND DIRECTOR | 1 | $0 |
| TERRI B THORNTON 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | VICE PRESIDENT, SECRETARY, AND DIRECTO | 1 | $0 |
| RICHARD C THORNTON 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | DIRECTOR | 1 | $0 |
| KATELYN T SHUFORD 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE B THORNTON JR 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | PRESIDENT, TREASURER, AND DIRECTOR | 1 | $0 |
| TERRI B THORNTON 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | VICE PRESIDENT, SECRETARY, AND DIRECTO | 1 | $0 |
| RICHARD C THORNTON 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | DIRECTOR | 1 | $0 |
| KATELYN T SHUFORD 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | DIRECTOR | 1 | $0 |
990-PF for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOE B THORNTON JR 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | PRESIDENT, TREASURER, AND DIRECTOR | 0 | $0 |
| TERRI B THORNTON 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | VICE PRESIDENT, SECRETARY, AND DIRECTO | 0 | $0 |
| RICHARD C THORNTON 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | DIRECTOR | 0 | $0 |
| KATELYN T SHUFORD 5500 PRESTON ROAD SUITE 250, DALLAS, TX 75205 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 5500 PRESTON RD STE 250, DALLAS, TX 75205-2699
- In care of
- % SUSAN JENEVEIN
- Signed the 990-PF
- JOE B THORNTON JR, PRESIDENT, TREASURER, AND DIRE
- Phone
- (214) 252-3250
- Return prepared by
- PWC US TAX LLP
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
- 85-1073773
- 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
- 2020
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $2,915,574
- Income (IRS master file)
- $785,403
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2025 | $133,412 | $227,129 | $2,915,574 | XML |
| 990-PF | December 2024 | $1,841,226 | $199,258 | $3,009,291 | XML |
| 990-PF | December 2023 | -$65,291 | $199,298 | $1,367,323 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 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 85-1073773).
Questions about THORNTON FAMILY FOUNDATION
- What is the EIN of THORNTON FAMILY FOUNDATION?
- The employer identification number (EIN) of THORNTON FAMILY FOUNDATION is 85-1073773.
- Is THORNTON FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to THORNTON FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does THORNTON FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of THORNTON FAMILY 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 THORNTON FAMILY 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 THORNTON FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does THORNTON FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2025 it reported revenue of $133,412, expenses of $227,129 and total assets of $2,915,574 at year end.
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