Jerald & Kay Thomas Foundation
Only null% goes to programs Strong reserves
Jerald & Kay Thomas Foundation is a 501(c)(3) organization based in Lubbock, Texas, registered in 2001, with $8,720 in FY2024 revenue. CharityIndex grades it D.
9303 Hope Ave, Lubbock, TX, 79424 EIN 74-2982555 Since 2001
Revenue (FY2024)
$8,720
▲ 34.2% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$13K
Net assets
$137K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Jerald & Kay Thomas Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating128 mo reserves · -47% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Jerald & Kay Thomas Foundation: 128 mo reserves · -47% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Jerald & Kay Thomas Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Jerald & Kay Thomas Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 9303 Hope Ave, Lubbock, TX, 79424
- City
- Lubbock
- State
- Texas
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $10K (FY2013) to $8,720 (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $230Net assets $137K
Operating margin
-47.3%
Spent more than it raised in the latest fiscal year.
Total assets
$137K
Total liabilities
$230
Net assets
$137K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $8,720▲34.2% | $12,843▼3.0% | $137,112▼2.9% | $137,342▼2.9% | 990PF |
| 2023 | $6,500▼37.6% | $13,247▼38.8% | $141,235▼4.6% | $141,389▼4.5% | 990PF |
| 2022 | $10,409▲20.2% | $21,653▲13.5% | $147,982▼7.1% | $147,982▼7.1% | 990PF |
| 2021 | $8,663▲85.9% | $19,085▼62.6% | $159,226▼6.1% | $159,226▼6.1% | 990PF |
| 2020 | $4,661▼24.1% | $51,080▲876% | $169,648▼21.5% | $169,648▼21.5% | 990PF |
| 2019 | $6,145▼22.8% | $5,236▼39.1% | $216,067▲0.4% | $216,067▲0.4% | 990PF |
| 2018 | $7,961▼6.2% | $8,599▲32.4% | $215,158▼0.3% | $215,158▼0.3% | 990PF |
| 2017 | $8,490▼7.9% | $6,495▼36.9% | $215,796▲0.9% | $215,796▲0.9% | 990PF |
| 2016 | $9,214▲36.2% | $10,286▼23.6% | $213,801▼0.5% | $213,801▼0.5% | 990PF |
| 2015 | $6,766▼29.5% | $13,471▲17.0% | $214,873▼3.0% | $214,873▼3.0% | 990PF |
| 2014 | $9,594▼7.0% | $11,509▼0.4% | $221,578▼0.9% | $221,578▼0.9% | 990PF |
| 2013 | $10,312 | $11,550▼3.1% | $223,493▼0.6% | $223,493▼0.6% | 990PF |
| 2012 | — | $11,925 | $224,731 | $224,731 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Jerald & Kay Thomas Foundation a legitimate nonprofit?
- Yes. Jerald & Kay Thomas Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 74-2982555, based in Lubbock, Texas. Donations are tax-deductible.
- What is Jerald & Kay Thomas Foundation's EIN?
- Jerald & Kay Thomas Foundation's Employer Identification Number (EIN) is 74-2982555.
- How much revenue does Jerald & Kay Thomas Foundation report?
- Jerald & Kay Thomas Foundation reported $8,720 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Jerald & Kay Thomas Foundation have?
- CharityIndex grades Jerald & Kay Thomas Foundation D, based on financial health (reserves and operating margin).
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Data for Jerald & Kay Thomas Foundation (EIN 74-2982555) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.