Thomsen Foundation

Gainesville, TX
Tax-exempt since Nov. 1982
EIN: 75-1833850

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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

$2.53M (2024)

Expenses

$857k (2024)

Total Assets

$38.5M (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

$2,527,613

Expenses

$856,980

Net Income

$1,670,633

Net Assets

$38,451,769

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$982,794	38.9%
Sales of Assets	$1,535,801	60.8%
Other Income	$9,018	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$569,323	66.4%
Compensation of Officers*	$274,350	32.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$38,451,769
Total Liabilities	$0
Net Assets	$38,451,769

Compensation

Key Employees and Officers	Compensation	Other
Will S Montgomery (Director)	$0	$0
Grace Cook (Secretary)	$0	$0
Tiffany S Ward (Vice President)	$0	$0
Chandler Lindsley (President)	$0	$0
Joseph Rodriguez (Treasurer)	$0	$0

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990-PF

Filed on Oct. 27, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$4,941,382

Expenses

$677,901

Net Income

$4,263,481

Net Assets

$37,290,234

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$4,289,393	86.8%
Interest Revenue	$0
Dividends	$619,811	12.5%
Sales of Assets	$32,618	0.7%
Other Income	-$440

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$452,108	66.7%
Compensation of Officers*	$222,200	32.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$37,290,234
Total Liabilities	$0
Net Assets	$37,290,234

Compensation

Key Employees and Officers	Compensation	Other
Will S Montgomery (Director)	$0	$0
Grace Cook (Secretary)	$0	$0
Tiffany S Ward (Vice President)	$0	$0
Chandler Lindsley (President)	$0	$0
Joseph Rodriguez (Treasurer)	$0	$0

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990-PF

Filed on Sept. 17, 2024

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

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2022

Revenue

$128,133

Expenses

$627,256

Net Income

-$499,123

Net Assets

$31,339,273

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500	0.4%
Interest Revenue	$0
Dividends	$374,589	> 100%
Sales of Assets	-$100,932
Other Income	-$146,024

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$447,129	71.3%
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	$31,339,273
Total Liabilities	$0
Net Assets	$31,339,273

Compensation

Key Employees and Officers	Compensation	Other
Will S Montgomery (President)	$0	$0
Grace Cook (Treasurer)	$0	$0
Tiffany S Ward (Vice President)	$0	$0
Chandler Lindsey (Secretary)	$0	$0
Joseph Rodriguez (Director)	$0	$0

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990-PF

Filed on Nov. 9, 2023

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2021

Revenue

$53,406

Expenses

$239,184

Net Income

-$185,778

Net Assets

$28,095,615

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$36,874	69.0%
Sales of Assets	$0
Other Income	$16,532	31.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$220,538	92.2%
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	$28,095,615
Total Liabilities	$0
Net Assets	$28,095,615

Compensation

Key Employees and Officers	Compensation	Other
Will S Montgomery (President)	$0	$0
Grace Cook (Treasurer)	$0	$0
Tiffany S Ward (Vice President)	$0	$0
Chandler Lindsey (Secretary)	$0	$0

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990-PF

Filed on April 19, 2022

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

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Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$390

Expenses

$148,085

Net Income

-$147,695

Net Assets

$3,333,526

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$100	25.6%
Interest Revenue	$0
Dividends	$101,010	> 100%
Sales of Assets	$0
Other Income	$1,363	> 100%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$142,125	96.0%
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	$3,333,527
Total Liabilities	$1
Net Assets	$3,333,526

Compensation

Key Employees and Officers	Compensation	Other
Will S Montgomery (President)	$0	$0
Grace Cook (Secretary/Treas)	$0	$0
Tiffany S Ward (Trustee)	$0	$0
Chandler Lindsey Boyd (Trustee)	$0	$0

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990-PF

Filed on April 22, 2021

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$93,313

Expenses

$152,423

Net Income

-$59,110

Net Assets

$3,419,983

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$175	0.2%
Interest Revenue	$4	0.0%
Dividends	$147,051	> 100%
Sales of Assets	$0
Other Income	$5,117	5.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$144,395	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	$3,419,984
Total Liabilities	$1
Net Assets	$3,419,983

Compensation

Key Employees and Officers	Compensation	Other
Will S Montgomery (President)	$0	$0
Grace Cook (Secretary/Treas)	$0	$0
Tiffany S Ward (Vice President)	$0	$0
Chandler Lindsey Boyd (Trustee)	$0	$0
Melissa Bookhout (Asst Sec/Treas)	$0	$0

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990-PF

Filed on July 21, 2020

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$158,468

Expenses

$187,484

Net Income

-$29,016

Net Assets

$3,478,577

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$140,172	88.5%
Sales of Assets	$113	0.1%
Other Income	$18,183	11.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$178,551	95.2%
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	$3,478,577
Total Liabilities	$0
Net Assets	$3,478,577

Compensation

Key Employees and Officers	Compensation	Other
Will S Montgomery (President)	$0	$0
Mary Cook (Secretary/Treas)	$0	$0
Hugh B Garnett (Vice President)	$0	$0
Chandler Lindsey Boyd (Trustee)	$0	$0
Robert Potts (Trustee)	$0	$0
Melissa Bookhout (Asst Sec/Treas)	$0	$0

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990-PF

Filed on May 6, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$101,031

Expenses

$156,304

Net Income

-$55,273

Net Assets

$3,598,640

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$629	0.6%
Interest Revenue	$0
Dividends	$138,566	> 100%
Sales of Assets	-$55,817
Other Income	$17,653	17.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$142,543	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	$3,598,640
Total Liabilities	$0
Net Assets	$3,598,640

Compensation

Key Employees and Officers	Compensation	Other
Will S Montgomery (President)	$0	$0
Mary Cook (Secretary/Treas)	$0	$0
Hugh B Garnett (Vice President)	$0	$0
Chandler Lindsey Boyd (Trustee)	$0	$0
Robert Potts (Trustee)	$0	$0
Melissa Bookhout (Asst Sec/Treas)	$0	$0

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990-PF

Filed on May 2, 2018

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2016

Revenue

$147,644

Expenses

$156,323

Net Income

-$8,679

Net Assets

$3,685,822

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$139,216	94.3%
Sales of Assets	$113	0.1%
Other Income	$8,315	5.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$142,729	91.3%
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	$3,685,822
Total Liabilities	$0
Net Assets	$3,685,822

Compensation

Key Employees and Officers	Compensation	Other
Will S Montgomery (President)	$0	$0
Mary Cook (Secretary/Treas)	$0	$0
Hugh B Garnett (Vice President)	$0	$0
Chandler Lindsey Boyd (Trustee)	$0	$0
Robert Potts (Trustee)	$0	$0
Melissa Bookhout (Asst Sec/Treas)	$0	$0

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990-PF

Filed on May 11, 2017

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$663,356

Expenses

$163,490

Net Income

$499,866

Net Assets

$3,725,026

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$495,650	74.7%
Interest Revenue	$65	0.0%
Dividends	$146,134	22.0%
Sales of Assets	$113	0.0%
Other Income	$21,394	3.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$156,297	95.6%
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	$3,725,026
Total Liabilities	$0
Net Assets	$3,725,026

990-PF

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

PDF

PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Revenue

$236,419

Expenses

$153,254

Net Income

$83,165

Net Assets

$3,221,535

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$90	0.0%
Dividends	$139,613	59.1%
Sales of Assets	$0
Other Income	$96,757	40.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$147,243	96.1%
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	$3,221,535
Total Liabilities	$0
Net Assets	$3,221,535

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$137,758

Expenses

$141,043

Net Income

-$3,285

Net Assets

$3,141,995

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$63	0.0%
Dividends	$133,156	96.7%
Sales of Assets	$4,539	3.3%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$132,534	94.0%
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	$3,141,995
Total Liabilities	$0
Net Assets	$3,141,995

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$217,410

Expenses

$155,484

Net Income

$61,926

Net Assets

$3,145,280

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500	0.2%
Interest Revenue	$178	0.1%
Dividends	$108,188	49.8%
Sales of Assets	$113	0.1%
Other Income	$108,431	49.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$147,839	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	$3,145,280
Total Liabilities	$0
Net Assets	$3,145,280

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,066,930

Expenses

$177,360

Net Income

$889,570

Net Assets

$3,111,013

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,000,000	93.7%
Interest Revenue	$191	0.0%
Dividends	$66,739	6.3%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$151,534	85.4%
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	$3,111,013
Total Liabilities	$0
Net Assets	$3,111,013

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

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.

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Thomsen Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.53M (2024)

Expenses $857k (2024)

Total Assets $38.5M (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

990-T

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

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Revenue

$2.53M (2024)

Expenses

$857k (2024)

Total Assets

$38.5M (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.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001