Jerald & Kay Thomas Foundation

Lubbock, TX
Tax-exempt since May 2001
EIN: 74-2982555

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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

$8.72k (2024)

Expenses

$12.8k (2024)

Total Assets

$137k (2024)

Total Liabilities

$230 (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

$8,720

Expenses

$12,843

Net Income

-$4,123

Net Assets

$137,112

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,520	86.2%
Sales of Assets	$1,200	13.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,000	62.3%
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	$137,342
Total Liabilities	$230
Net Assets	$137,112

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$0	$0
Kay Thomas (Secretary)	$0	$0

990-PF

Filed on Nov. 17, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$6,500

Expenses

$13,247

Net Income

-$6,747

Net Assets

$141,235

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,500	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,300	62.7%
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	$141,389
Total Liabilities	$154
Net Assets	$141,235

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$0	$0
Kay Thomas (Secretary)	$0	$0

990-PF

Filed on Nov. 15, 2024

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

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XML

Fiscal Year Ending Dec.
2022

Revenue

$10,409

Expenses

$21,653

Net Income

-$11,244

Net Assets

$147,982

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$8,655	83.1%
Sales of Assets	$1,754	16.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,100	37.4%
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	$147,982
Total Liabilities	$0
Net Assets	$147,982

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$0	$0
Kay Thomas (Secretary)	$0	$0

990-PF

Filed on Aug. 3, 2023

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

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XML

Fiscal Year Ending Dec.
2021

Revenue

$8,663

Expenses

$19,085

Net Income

-$10,422

Net Assets

$159,226

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,548	75.6%
Sales of Assets	$2,115	24.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,250	38.0%
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	$159,226
Total Liabilities	$0
Net Assets	$159,226

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$0	$0
Kay Thomas (Secretary)	$0	$0

990-PF

Filed on Nov. 8, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$4,661

Expenses

$51,080

Net Income

-$46,419

Net Assets

$169,647

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$5,391	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$14,100	27.6%
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	$169,648
Total Liabilities	$1
Net Assets	$169,647

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$0	$0
Kay Thomas (Secretary)	$0	$0

990-PF

Filed on Aug. 4, 2021

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

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XML

Fiscal Year Ending Dec.
2019

Revenue

$6,145

Expenses

$5,236

Net Income

$909

Net Assets

$216,066

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$6,145	100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,550	86.9%
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	$216,067
Total Liabilities	$1
Net Assets	$216,066

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$0	$0
Kay Thomas (Secretary)	$0	$0

990-PF

Filed on July 14, 2020

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

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PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$7,961

Expenses

$8,599

Net Income

-$638

Net Assets

$215,158

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,701	46.5%
Dividends	$4,260	53.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,225	84.0%
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	$215,158
Total Liabilities	$0
Net Assets	$215,158

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$0	$0
Kay Thomas (Secretary)	$0	$0

990-PF

Filed on Sept. 10, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$8,490

Expenses

$6,495

Net Income

$1,995

Net Assets

$215,796

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,185	49.3%
Dividends	$4,305	50.7%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$6,175	95.1%
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	$215,796
Total Liabilities	$0
Net Assets	$215,796

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$0	$0
Kay Thomas (Secretary)	$0	$0

990-PF

Filed on Sept. 10, 2018

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

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XML

Fiscal Year Ending Dec.
2016

Revenue

$9,214

Expenses

$10,286

Net Income

-$1,072

Net Assets

$213,801

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,192	45.5%
Dividends	$5,022	54.5%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,300	90.4%
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	$213,801
Total Liabilities	$0
Net Assets	$213,801

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$0	$0
Kay Thomas (Secretary)	$0	$0

990-PF

Filed on Aug. 2, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$6,766

Expenses

$13,471

Net Income

-$6,705

Net Assets

$214,873

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,206	62.2%
Dividends	$5,457	80.7%
Sales of Assets	-$2,897
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,400	92.0%
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	$214,873
Total Liabilities	$0
Net Assets	$214,873

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$0	$0
Kay Thomas (Secretary)	$0	$0

990-PF

Filed on June 23, 2016

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

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Fiscal Year Ending Dec.
2014

Revenue

$9,594

Expenses

$11,509

Net Income

-$1,915

Net Assets

$221,578

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,216	43.9%
Dividends	$5,378	56.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,450	73.4%
Compensation of Officers*	$2,000	17.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$221,578
Total Liabilities	$0
Net Assets	$221,578

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$1,300	$0
Kay Thomas (Secretary)	$700	$0

990-PF

Filed on Aug. 29, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$10,312

Expenses

$11,550

Net Income

-$1,238

Net Assets

$223,493

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,224	41.0%
Dividends	$6,088	59.0%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$10,700	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	$223,493
Total Liabilities	$0
Net Assets	$223,493

Compensation

Key Employees and Officers	Compensation	Other
Jerald Thomas (President)	$0	$0
Kay Thomas (Secretary)	$0	$0

990-PF

Filed on May 28, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$11,028

Expenses

$11,925

Net Income

-$897

Net Assets

$224,730

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,233	38.4%
Dividends	$6,795	61.6%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$11,300	94.8%
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	$224,731
Total Liabilities	$1
Net Assets	$224,730

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$11,077

Expenses

$13,443

Net Income

-$2,366

Net Assets

$225,628

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,056	36.6%
Dividends	$7,021	63.4%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,500	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	$225,628
Total Liabilities	$0
Net Assets	$225,628

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Jerald & Kay Thomas Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $8.72k (2024)

Expenses $12.8k (2024)

Total Assets $137k (2024)

Total Liabilities $230 (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

$8.72k (2024)

Expenses

$12.8k (2024)

Total Assets

$137k (2024)

Total Liabilities

$230 (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.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
2002