Thompson Scholarship Fund

Newport, RI
Tax-exempt since Jan. 1991
EIN: 05-6012968

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Donations to this organization are tax deductible.

Revenue

$65.9k (2024)

Expenses

$137k (2024)

Total Assets

$1.71M (2024)

Total Liabilities

$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Revenue

$65,910

Expenses

$136,612

Net Income

-$70,702

Net Assets

$1,714,876

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$81,295	> 100%
Sales of Assets	-$15,385
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$100,000	73.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,714,876
Total Liabilities	$0
Net Assets	$1,714,876

Compensation

Key Employees and Officers	Compensation	Other
Joseph Pratt (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0
David Galvin (Trustee)	$0	$0
Matthew Leys (Trustee)	$0	$0

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990-PF

Filed on May 15, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$73,286

Expenses

$149,820

Net Income

-$76,534

Net Assets

$1,785,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$78,193	> 100%
Sales of Assets	-$4,907
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$120,500	80.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,785,578
Total Liabilities	$0
Net Assets	$1,785,578

Compensation

Key Employees and Officers	Compensation	Other
Joseph Pratt (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0
David Galvin (Trustee)	$0	$0
Matthew Leys (Trustee)	$0	$0

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990-PF

Filed on May 14, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$65,034

Expenses

$146,197

Net Income

-$81,163

Net Assets

$1,862,112

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$72,791	> 100%
Sales of Assets	-$7,757
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$119,500	81.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,862,112
Total Liabilities	$0
Net Assets	$1,862,112

Compensation

Key Employees and Officers	Compensation	Other
Joseph Pratt (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0
David Galvin (Trustee)	$0	$0
Matthew Leys (Trustee)	$0	$0

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990-PF

Filed on May 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2021

Revenue

$70,748

Expenses

$133,655

Net Income

-$62,907

Net Assets

$1,943,275

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$73,233	> 100%
Sales of Assets	-$2,485
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$102,500	76.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,943,275
Total Liabilities	$0
Net Assets	$1,943,275

Compensation

Key Employees and Officers	Compensation	Other
Joseph Pratt (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0
David Galvin (Trustee)	$0	$0
Matthew Leys (Trustee)	$0	$0

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990-PF

Filed on Sept. 2, 2022

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$95,554

Expenses

$145,759

Net Income

-$50,205

Net Assets

$2,006,181

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$81,048	84.8%
Sales of Assets	$14,506	15.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$108,500	74.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,006,182
Total Liabilities	$1
Net Assets	$2,006,181

Compensation

Key Employees and Officers	Compensation	Other
William W Corcoran (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0
David Galvin (Trustee)	$0	$0

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990-PF

Filed on May 14, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$133,082

Expenses

$143,361

Net Income

-$10,279

Net Assets

$2,056,386

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$77,399	58.2%
Sales of Assets	$55,683	41.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$107,750	75.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,056,387
Total Liabilities	$1
Net Assets	$2,056,386

Compensation

Key Employees and Officers	Compensation	Other
Nancy E Allan (Trustee)	$0	$0
William W Corcoran (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0
David Galvin (Trustee)	$0	$0

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990-PF

Filed on June 26, 2020

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$188,058

Expenses

$164,144

Net Income

$23,914

Net Assets

$2,066,666

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,542	0.8%
Interest Revenue	$0
Dividends	$77,710	41.3%
Sales of Assets	$108,806	57.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$128,250	78.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,066,666
Total Liabilities	$0
Net Assets	$2,066,666

Compensation

Key Employees and Officers	Compensation	Other
Nancy E Allan (Trustee)	$0	$0
William W Corcoran (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0
David Galvin (Trustee)	$0	$0

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990-PF

Filed on July 22, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$220,381

Expenses

$174,749

Net Income

$45,632

Net Assets

$2,042,752

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$75,599	34.3%
Sales of Assets	$144,782	65.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$137,750	78.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,042,752
Total Liabilities	$0
Net Assets	$2,042,752

Compensation

Key Employees and Officers	Compensation	Other
Nancy E Allan (Trustee)	$0	$0
William W Corcoran (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0
David Galvin (Trustee)	$0	$0

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990-PF

Filed on May 7, 2018

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2016

Revenue

$225,494

Expenses

$179,361

Net Income

$46,133

Net Assets

$1,997,120

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$76,102	33.7%
Sales of Assets	$149,392	66.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$138,750	77.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,997,120
Total Liabilities	$0
Net Assets	$1,997,120

Compensation

Key Employees and Officers	Compensation	Other
Nancy E Allan (Trustee)	$0	$0
William W Corcoran (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0
David Galvin (Trustee)	$0	$0

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990-PF

Filed on May 12, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$144,180

Expenses

$161,828

Net Income

-$17,648

Net Assets

$1,950,987

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$81,584	56.6%
Sales of Assets	$62,596	43.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$126,800	78.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,950,987
Total Liabilities	$0
Net Assets	$1,950,987

Compensation

Key Employees and Officers	Compensation	Other
Nancy E Allan (Trustee)	$0	$0
William W Corcoran (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Terrance C Burns (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0

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990-PF

Filed on May 11, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$126,576

Expenses

$147,288

Net Income

-$20,712

Net Assets

$1,968,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$95,510	75.5%
Sales of Assets	$31,066	24.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$113,800	77.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,968,635
Total Liabilities	$0
Net Assets	$1,968,635

Compensation

Key Employees and Officers	Compensation	Other
Nancy E Allan (Trustee)	$0	$0
William W Corcoran (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Terrance C Burns (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0

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990-PF

Filed on May 14, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$106,995

Expenses

$130,758

Net Income

-$23,763

Net Assets

$1,989,347

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$76,613	71.6%
Sales of Assets	$30,382	28.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$97,584	74.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,989,347
Total Liabilities	$0
Net Assets	$1,989,347

Compensation

Key Employees and Officers	Compensation	Other
Nancy E Allan (Trustee)	$0	$0
William W Corcoran (Trustee)	$0	$0
Kathleen Mcgrath (Trustee)	$0	$0
Terrance C Burns (Trustee)	$0	$0
Miriam E Smith (Trustee)	$0	$0

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990-PF

Filed on May 14, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$117,607

Expenses

$139,237

Net Income

-$21,630

Net Assets

$2,013,110

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$82,041	69.8%
Sales of Assets	$35,566	30.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$105,750	75.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,013,110
Total Liabilities	$0
Net Assets	$2,013,110

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$97,916

Expenses

$130,416

Net Income

-$32,500

Net Assets

$2,034,740

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$80,165	81.9%
Sales of Assets	$17,751	18.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$100,750	77.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,034,740
Total Liabilities	$0
Net Assets	$2,034,740

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Thompson Scholarship Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $65.9k (2024)

Expenses $137k (2024)

Total Assets $1.71M (2024)

Total Liabilities $0 (2024)

Tax Filings by Year

Fiscal Year Ending Dec. 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

Revenue

$65.9k (2024)

Expenses

$137k (2024)

Total Assets

$1.71M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001