Thunder Bay Foundation Inc

Atlanta, GA
Tax-exempt since Nov. 2007
EIN: 26-1172656

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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.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$4.34M (2024)

Expenses

$1.94M (2024)

Total Assets

$33M (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

$4,335,771

Expenses

$1,941,843

Net Income

$2,393,928

Net Assets

$32,959,311

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,758,042	40.5%
Interest Revenue	$0
Dividends	$879,945	20.3%
Sales of Assets	$1,622,336	37.4%
Other Income	$75,448	1.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,770,000	91.2%
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	$32,959,311
Total Liabilities	$0
Net Assets	$32,959,311

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

990-PF

Filed on Oct. 16, 2025

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

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Schedules ▼

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Fiscal Year Ending Dec.
2023

Revenue

$3,052,024

Expenses

$1,669,932

Net Income

$1,382,092

Net Assets

$31,761,385

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,004,010	32.9%
Interest Revenue	$0
Dividends	$686,801	22.5%
Sales of Assets	$1,292,822	42.4%
Other Income	$68,391	2.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,520,000	91.0%
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	$31,761,385
Total Liabilities	$0
Net Assets	$31,761,385

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

990-PF

Filed on Nov. 13, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$2,927,080

Expenses

$1,681,981

Net Income

$1,245,099

Net Assets

$31,410,353

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,114,594	38.1%
Interest Revenue	$0
Dividends	$571,306	19.5%
Sales of Assets	$1,206,839	41.2%
Other Income	$34,341	1.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,450,000	86.2%
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	$31,410,353
Total Liabilities	$0
Net Assets	$31,410,353

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

990-PF

Filed on Nov. 13, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$14,351,579

Expenses

$1,272,627

Net Income

$13,078,952

Net Assets

$31,101,180

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,206,266	29.3%
Interest Revenue	$0
Dividends	$557,202	3.9%
Sales of Assets	$9,588,111	66.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,066,000	83.8%
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	$31,101,180
Total Liabilities	$0
Net Assets	$31,101,180

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

990-PF

Filed on Nov. 10, 2022

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

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Schedules ▼

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Fiscal Year Ending Dec.
2020

Revenue

$5,109,499

Expenses

$1,333,604

Net Income

$3,775,895

Net Assets

$21,519,481

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$999,895	19.6%
Interest Revenue	$0
Dividends	$310,333	6.1%
Sales of Assets	$3,799,271	74.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,250,000	93.7%
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	$21,519,482
Total Liabilities	$1
Net Assets	$21,519,481

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

990-PF

Filed on May 12, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$2,006,782

Expenses

$1,321,496

Net Income

$685,286

Net Assets

$18,540,920

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$999,756	49.8%
Interest Revenue	$0
Dividends	$622,432	31.0%
Sales of Assets	$384,594	19.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,245,000	94.2%
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	$18,540,921
Total Liabilities	$1
Net Assets	$18,540,920

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

990-PF

Filed on May 11, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$924,043

Expenses

$1,221,172

Net Income

-$297,129

Net Assets

$18,689,763

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$522,422	56.5%
Sales of Assets	$398,989	43.2%
Other Income	$2,632	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,135,770	93.0%
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	$18,689,763
Total Liabilities	$0
Net Assets	$18,689,763

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

990-PF

Filed on May 8, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$5,879,973

Expenses

$1,349,400

Net Income

$4,530,573

Net Assets

$18,983,734

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$3,019,397	51.4%
Interest Revenue	$0
Dividends	$507,387	8.6%
Sales of Assets	$2,351,660	40.0%
Other Income	$1,529	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,245,000	92.3%
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	$18,983,734
Total Liabilities	$0
Net Assets	$18,983,734

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

990-PF

Filed on May 11, 2018

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

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Fiscal Year Ending Dec.
2016

Revenue

$885,326

Expenses

$1,012,066

Net Income

-$126,740

Net Assets

$16,929,285

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$489,270	55.3%
Sales of Assets	$394,907	44.6%
Other Income	$1,149	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$950,000	93.9%
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	$16,930,523
Total Liabilities	$1,238
Net Assets	$16,929,285

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

990-PF

Filed on May 9, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$3,212,362

Expenses

$1,100,169

Net Income

$2,112,193

Net Assets

$17,251,275

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,781,324	86.6%
Interest Revenue	$0
Dividends	$363,094	11.3%
Sales of Assets	$66,964	2.1%
Other Income	$980	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,041,500	94.7%
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	$17,252,513
Total Liabilities	$1,238
Net Assets	$17,251,275

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

990-PF

Filed on May 16, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$852,252

Expenses

$1,218,508

Net Income

-$366,256

Net Assets

$17,318,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$411,523	48.3%
Sales of Assets	$440,175	51.6%
Other Income	$554	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,128,000	92.6%
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	$17,320,055
Total Liabilities	$1,238
Net Assets	$17,318,817

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

990-PF

Filed on May 12, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$1,395,906

Expenses

$906,960

Net Income

$488,946

Net Assets

$17,685,073

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$438,562	31.4%
Sales of Assets	$957,266	68.6%
Other Income	$78	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$835,500	92.1%
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	$17,685,073
Total Liabilities	$0
Net Assets	$17,685,073

Compensation

Key Employees and Officers	Compensation	Other
Teresa J Kight (President Director)	$0	$0
Peter J Kight (Secretary/Treasurer)	$0	$0
Timothy F Agnew (Asst Secretary/Treasurer)	$0	$0

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

$2,040,029

Expenses

$975,032

Net Income

$1,064,997

Net Assets

$17,876,963

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$871,094	42.7%
Interest Revenue	$0
Dividends	$450,391	22.1%
Sales of Assets	$718,513	35.2%
Other Income	$31	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$910,000	93.3%
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	$17,876,963
Total Liabilities	$0
Net Assets	$17,876,963

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$201,299

Expenses

$612,275

Net Income

-$410,976

Net Assets

$16,694,023

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$356,670	> 100%
Sales of Assets	$0
Other Income	$79	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$556,750	90.9%
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	$16,694,023
Total Liabilities	$0
Net Assets	$16,694,023

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

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Thunder Bay Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $4.34M (2024)

Expenses $1.94M (2024)

Total Assets $33M (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

$4.34M (2024)

Expenses

$1.94M (2024)

Total Assets

$33M (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