Therese Foundation

Madison, WI
Tax-exempt since Aug. 2000
EIN: 39-1984065

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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 N.E.C. (NTEE)

Donations to this organization are tax deductible.

Revenue

$23k (2024)

Expenses

$30.1k (2024)

Total Assets

$516k (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

$22,972

Expenses

$30,104

Net Income

-$7,132

Net Assets

$516,056

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,719	85.8%
Sales of Assets	$2,657	11.6%
Other Income	$596	2.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,960	82.9%
Compensation of Officers*	$2,054	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$516,056
Total Liabilities	$0
Net Assets	$516,056

Compensation

Key Employees and Officers	Compensation	Other
George Farah (Executive Director/ Treasurer)	$2,054	$0
Diane Farah (Director)	$0	$0
Simone Goldman (Director)	$0	$0

990-PF

Filed on April 2, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$10,545

Expenses

$30,702

Net Income

-$20,157

Net Assets

$523,188

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,970	37.6%
Dividends	$12,349	> 100%
Sales of Assets	-$5,774
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,000	74.9%
Compensation of Officers*	$2,084	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$523,188
Total Liabilities	$0
Net Assets	$523,188

Compensation

Key Employees and Officers	Compensation	Other
George S Farah (Executive Director)	$2,084	$0
Diane K Farah (Director)	$0	$0
Simone Goldman (Director)	$0	$0

990-PF

Filed on Sept. 13, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$19,186

Expenses

$31,664

Net Income

-$12,478

Net Assets

$542,217

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$250	1.3%
Interest Revenue	$182	0.9%
Dividends	$11,759	61.3%
Sales of Assets	$6,995	36.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,000	79.0%
Compensation of Officers*	$2,369	7.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$542,217
Total Liabilities	$0
Net Assets	$542,217

Compensation

Key Employees and Officers	Compensation	Other
George S Farah (Executive Director)	$2,369	$0
Diane K Farah (Director)	$0	$0
Simone Goldman (Director)	$0	$0

990-PF

Filed on May 11, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$80,999

Expenses

$35,158

Net Income

$45,841

Net Assets

$554,556

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$300	0.4%
Interest Revenue	$3	0.0%
Dividends	$13,028	16.1%
Sales of Assets	$67,668	83.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$30,000	85.3%
Compensation of Officers*	$1,917	5.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$554,556
Total Liabilities	$0
Net Assets	$554,556

Compensation

Key Employees and Officers	Compensation	Other
George S Farah (Executive Director)	$1,917	$0
Diane K Farah (Director)	$0	$0
Simone Goldman (Director)	$0	$0

990-PF

Filed on Nov. 15, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$48,546

Expenses

$49,443

Net Income

-$897

Net Assets

$517,409

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$350	0.7%
Interest Revenue	$132	0.3%
Dividends	$7,436	15.3%
Sales of Assets	$40,363	83.1%
Other Income	$265	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$44,205	89.4%
Compensation of Officers*	$2,287	4.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$517,410
Total Liabilities	$1
Net Assets	$517,409

Compensation

Key Employees and Officers	Compensation	Other
George S Farah (Exec Directr)	$2,287	$0
Diane K Farah (Director)	$0	$0
Simone Goldman (Director)	$0	$0

990-PF

Filed on Feb. 18, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$38,416

Expenses

$35,989

Net Income

$2,427

Net Assets

$512,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$11,900	31.0%
Interest Revenue	$2,638	6.9%
Dividends	$11,088	28.9%
Sales of Assets	$12,580	32.7%
Other Income	$210	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,000	77.8%
Compensation of Officers*	$2,492	6.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$512,392
Total Liabilities	$1
Net Assets	$512,391

Compensation

Key Employees and Officers	Compensation	Other
George S Farah (Exec Directr)	$2,492	$0
Diane K Farah (Director)	$0	$0
Simone Goldman (Director)	$0	$0

990-PF

Filed on May 20, 2020

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

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Fiscal Year Ending Dec.
2018

Revenue

$64,722

Expenses

$36,025

Net Income

$28,697

Net Assets

$511,925

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	23.2%
Interest Revenue	$1,290	2.0%
Dividends	$20,200	31.2%
Sales of Assets	$28,232	43.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$29,500	81.9%
Compensation of Officers*	$2,541	7.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$511,925
Total Liabilities	$0
Net Assets	$511,925

Compensation

Key Employees and Officers	Compensation	Other
George S Farah (Exec Directr)	$2,541	$0
Diane K Farah (Director)	$0	$0
Simone Goldman (Director)	$0	$0

990-PF

Filed on Aug. 21, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$78,367

Expenses

$34,557

Net Income

$43,810

Net Assets

$503,426

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	19.1%
Interest Revenue	$0
Dividends	$21,440	27.4%
Sales of Assets	$41,927	53.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$28,800	83.3%
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	$503,426
Total Liabilities	$0
Net Assets	$503,426

990-PF

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

PDF

Fiscal Year Ending Dec.
2016

Revenue

$41,555

Expenses

$29,781

Net Income

$11,774

Net Assets

$461,148

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,110	36.4%
Interest Revenue	$1	0.0%
Dividends	$18,997	45.7%
Sales of Assets	$7,447	17.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$25,150	84.4%
Compensation of Officers*	$2,087	7.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$461,427
Total Liabilities	$279
Net Assets	$461,148

Compensation

Key Employees and Officers	Compensation	Other
George S Farah (Exec Directr)	$0	$0
Diane K Farah (Director)	$0	$0
Simone Goldman (Director)	$0	$0

990-PF

Filed on June 23, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$28,196

Expenses

$30,302

Net Income

-$2,106

Net Assets

$449,374

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	53.2%
Interest Revenue	$2	0.0%
Dividends	$13,921	49.4%
Sales of Assets	-$727
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,650	81.3%
Compensation of Officers*	$2,260	7.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$449,654
Total Liabilities	$280
Net Assets	$449,374

Compensation

Key Employees and Officers	Compensation	Other
George S Farah (Exec Directr)	$0	$0
Diane K Farah (Director)	$0	$0
Simone Goldman (Director)	$0	$0

990-PF

Filed on July 5, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$65,982

Expenses

$31,512

Net Income

$34,470

Net Assets

$451,474

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	22.7%
Interest Revenue	$5	0.0%
Dividends	$17,175	26.0%
Sales of Assets	$33,802	51.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$26,170	83.0%
Compensation of Officers*	$2,142	6.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$451,740
Total Liabilities	$266
Net Assets	$451,474

Compensation

Key Employees and Officers	Compensation	Other
George S Farah (Exec Directr)	$0	$0
Diane K Farah (Director)	$0	$0
Simone Goldman (Director)	$0	$0

990-PF

Filed on June 26, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$32,131

Expenses

$28,820

Net Income

$3,311

Net Assets

$417,057

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000	46.7%
Interest Revenue	$5	0.0%
Dividends	$13,233	41.2%
Sales of Assets	$3,893	12.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$23,100	80.2%
Compensation of Officers*	$2,000	6.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$417,057
Total Liabilities	$0
Net Assets	$417,057

Compensation

Key Employees and Officers	Compensation	Other
George S Farah (Executive Direc)	$2,000	$0
Diane K Farah (Director)	$0	$0
Simone Goldman (Director)	$0	$0

990-PF

Filed on June 19, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

-$4,847

Expenses

$28,307

Net Income

-$33,154

Net Assets

$413,744

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,000
Interest Revenue	$20
Dividends	$17,467
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$22,650	80.0%
Compensation of Officers*	$2,161	7.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$413,745
Total Liabilities	$1
Net Assets	$413,744

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$11,829

Expenses

$25,531

Net Income

-$13,702

Net Assets

$446,899

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$15,034	> 100%
Interest Revenue	$69	0.6%
Dividends	$13,279	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$21,150	82.8%
Compensation of Officers*	$2,056	8.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$446,932
Total Liabilities	$33
Net Assets	$446,899

990-PF

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

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

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

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

PDF

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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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Therese Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $23k (2024)

Expenses $30.1k (2024)

Total Assets $516k (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

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

990-PF

Revenue

$23k (2024)

Expenses

$30.1k (2024)

Total Assets

$516k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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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.
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2002

Fiscal Year Ending Dec.
2001