James M Thomas And Luvie C Thomas Foundation

Oxford, MS
Tax-exempt since Oct. 1997
EIN: 72-1394262

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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 Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$264k (2025)

Expenses

$204k (2025)

Total Assets

$1.89M (2025)

Total Liabilities

$0 (2025)

Years with missing data

Source: Form 990 tax filings from 2012 to 2025

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 May
2025

Revenue

$263,875

Expenses

$204,213

Net Income

$59,662

Net Assets

$1,891,296

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$91,040	34.5%
Sales of Assets	$172,834	65.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$202,640	99.2%
Compensation of Officers*	$1,500	0.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,891,296
Total Liabilities	$0
Net Assets	$1,891,296

Compensation

Key Employees and Officers	Compensation	Other
James K Dossett Jr (Vice President/Secretary)	$1,500	$0
Carol Thomas Barnes (President)	$0	$0
Amy Thomas Crawford (Treasurer)	$0	$0
Ashley Crawford Jones (Director)	$0	$0
Laura Crawford Rackley (Director)	$0	$0

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990-PF

Filed on Aug. 18, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending May
2024

Revenue

$236,912

Expenses

$282,342

Net Income

-$45,430

Net Assets

$1,831,634

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$91,639	38.7%
Sales of Assets	$145,273	61.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$281,920	99.9%
Compensation of Officers*	$1,500	0.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,831,634
Total Liabilities	$0
Net Assets	$1,831,634

Compensation

Key Employees and Officers	Compensation	Other
James K Dossett Jr (Vice President/Secretary)	$1,500	$0
Carol Thomas Barnes (President)	$0	$0
Amy Thomas Crawford (Treasurer)	$0	$0
Ashley Crawford Jones (Director)	$0	$0
Laura Crawford Rackley (Director)	$0	$0

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990-PF

Filed on July 24, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending May
2023

Revenue

$122,455

Expenses

$337,569

Net Income

-$215,114

Net Assets

$1,877,064

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$86,146	70.3%
Sales of Assets	$36,308	29.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$334,470	99.1%
Compensation of Officers*	$1,500	0.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,877,064
Total Liabilities	$0
Net Assets	$1,877,064

Compensation

Key Employees and Officers	Compensation	Other
Carol Thomas Barnes (President)	$1,500	$0
James K Dossett Jr (Vice President/Secretary)	$0	$0
Amy Thomas Crawford (Treasurer)	$0	$0
Ashley Crawford Jones (Director)	$0	$0
Laura Crawford Rackley (Director)	$0	$0

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990-PF

Filed on July 14, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2022

Revenue

$214,290

Expenses

$247,946

Net Income

-$33,656

Net Assets

$2,092,178

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$97,124	45.3%
Sales of Assets	$117,166	54.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$243,781	98.3%
Compensation of Officers*	$1,500	0.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,092,178
Total Liabilities	$0
Net Assets	$2,092,178

Compensation

Key Employees and Officers	Compensation	Other
James K Dossett Jr (Vice President/Secretary)	$1,500	$0
Carol Thomas Barnes (President)	$0	$0
Amy Thomas Crawford (Treasurer)	$0	$0
Ashley Crawford Jones (Director)	$0	$0
Laura Crawford Rackley (Director)	$0	$0

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990-PF

Filed on Sept. 12, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2021

Revenue

$204,702

Expenses

$182,179

Net Income

$22,523

Net Assets

$2,125,833

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$79,816	39.0%
Sales of Assets	$124,885	61.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$181,426	99.6%
Compensation of Officers*	$1,500	0.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$2,125,834
Total Liabilities	$1
Net Assets	$2,125,833

Compensation

Key Employees and Officers	Compensation	Other
James K Dossett Jr (Vice President/Secretary)	$1,500	$0
Carol Thomas Barnes (President)	$0	$0
Amy Thomas Crawford (Treasurer)	$0	$0
Ashley Crawford Jones (Director)	$0	$0
Laura Crawford Rackley (Director)	$0	$0

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990-PF

Filed on Aug. 30, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending May
2020

Revenue

$155,268

Expenses

$246,437

Net Income

-$91,169

Net Assets

$2,103,311

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$79,103	50.9%
Sales of Assets	$76,164	49.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$242,815	98.5%
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	$2,103,311
Total Liabilities	$0
Net Assets	$2,103,311

990-PF

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

PDF

Fiscal Year Ending May
2019

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 May
2018

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 May
2017

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 May
2016

Revenue

$171,054

Expenses

$228,016

Net Income

-$56,962

Net Assets

$2,511,237

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$82,008	47.9%
Sales of Assets	$89,045	52.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$225,000	98.7%
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	$2,511,237
Total Liabilities	$0
Net Assets	$2,511,237

990-PF

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

PDF

Fiscal Year Ending May
2015

Revenue

$123,314

Expenses

$157,366

Net Income

-$34,052

Net Assets

$2,568,199

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$75,077	60.9%
Sales of Assets	$48,237	39.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$155,960	99.1%
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	$2,568,199
Total Liabilities	$0
Net Assets	$2,568,199

990-PF

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

PDF

Fiscal Year Ending May
2014

Revenue

$73,036

Expenses

$176,960

Net Income

-$103,924

Net Assets

$2,602,251

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$70,531	96.6%
Sales of Assets	$2,504	3.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$176,960	100%
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	$2,602,251
Total Liabilities	$0
Net Assets	$2,602,251

990-PF

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

PDF

Fiscal Year Ending May
2013

Revenue

$81,065

Expenses

$98,225

Net Income

-$17,160

Net Assets

$2,706,175

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1	0.0%
Dividends	$73,022	90.1%
Sales of Assets	$8,042	9.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$95,760	97.5%
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	$2,706,175
Total Liabilities	$0
Net Assets	$2,706,175

990-PF

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

PDF

Fiscal Year Ending May
2012

Revenue

$85,268

Expenses

$118,343

Net Income

-$33,075

Net Assets

$2,723,335

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4	0.0%
Dividends	$76,380	89.6%
Sales of Assets	$8,884	10.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$118,080	99.8%
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	$2,723,335
Total Liabilities	$0
Net Assets	$2,723,335

990-PF

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

PDF

Fiscal Year Ending May
2011

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 May
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 May
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

PDF

Fiscal Year Ending May
2008

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 May
2007

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 May
2006

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 May
2005

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 May
2004

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 May
2003

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 May
2002

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

About This Data

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.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

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.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
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Updated March 23, 2026

James M Thomas And Luvie C Thomas Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $264k (2025)

Expenses $204k (2025)

Total Assets $1.89M (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending May 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending May 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2019

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending May 2018

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending May 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending May 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending May 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

Revenue

$264k (2025)

Expenses

$204k (2025)

Total Assets

$1.89M (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending May
2025

Fiscal Year Ending May
2024

Fiscal Year Ending May
2023

Fiscal Year Ending May
2022

Fiscal Year Ending May
2021

Fiscal Year Ending May
2020

Fiscal Year Ending May
2019

Fiscal Year Ending May
2018

Fiscal Year Ending May
2017

Fiscal Year Ending May
2016

Fiscal Year Ending May
2015

Fiscal Year Ending May
2014

Fiscal Year Ending May
2013

Fiscal Year Ending May
2012

Fiscal Year Ending May
2011

Fiscal Year Ending May
2010

Fiscal Year Ending May
2009

Fiscal Year Ending May
2008

Fiscal Year Ending May
2007

Fiscal Year Ending May
2006

Fiscal Year Ending May
2005

Fiscal Year Ending May
2004

Fiscal Year Ending May
2003

Fiscal Year Ending May
2002