Thelma B And Thomas P Hart Foundation

Hart Thomas P Ttee

Reno, NV
Tax-exempt since Aug. 1997
EIN: 86-0881550

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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

$2.21M (2024)

Expenses

$1.75M (2024)

Total Assets

$22.4M (2024)

Total Liabilities

$0 (2024)

Years with missing data

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

$2,214,284

Expenses

$1,748,007

Net Income

$466,277

Net Assets

$22,419,482

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$121,654	5.5%
Dividends	$487,644	22.0%
Sales of Assets	$1,604,986	72.5%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,445,822	82.7%
Compensation of Officers*	$304,000	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	$22,419,482
Total Liabilities	$0
Net Assets	$22,419,482

Compensation

Key Employees and Officers	Compensation	Other
Craig Karrasch (Trustee)	$152,000	$0
Mark Knobel (Trustee)	$152,000	$0

990-PF

Filed on Oct. 28, 2025

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2023

Revenue

$497,020

Expenses

$1,689,618

Net Income

-$1,192,598

Net Assets

$21,941,160

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$93,041	18.7%
Dividends	$445,276	89.6%
Sales of Assets	-$58,264
Other Income	$16,967	3.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,479,508	87.6%
Compensation of Officers*	$304,000	18.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$21,941,160
Total Liabilities	$0
Net Assets	$21,941,160

Compensation

Key Employees and Officers	Compensation	Other
Craig Karrasch (Trustee)	$152,000	$0
Mark Knobel (Trustee)	$152,000	$0

990-PF

Filed on Nov. 14, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$728,098

Expenses

$1,577,415

Net Income

-$849,317

Net Assets

$23,118,398

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$74,096	10.2%
Dividends	$471,554	64.8%
Sales of Assets	$182,158	25.0%
Other Income	$290	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,333,649	84.5%
Compensation of Officers*	$232,000	14.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,118,398
Total Liabilities	$0
Net Assets	$23,118,398

Compensation

Key Employees and Officers	Compensation	Other
Craig Karrasch (Trustee)	$116,000	$0
Mark Knobel (Trustee)	$116,000	$0

990-PF

Filed on Nov. 15, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,862,523

Expenses

$1,551,134

Net Income

$311,389

Net Assets

$23,955,499

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$71,364	3.8%
Dividends	$474,484	25.5%
Sales of Assets	$1,316,675	70.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,320,771	85.1%
Compensation of Officers*	$232,000	15.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$23,955,499
Total Liabilities	$0
Net Assets	$23,955,499

Compensation

Key Employees and Officers	Compensation	Other
Craig Karrasch (Trustee)	$116,000	$0
Mark Knobel (Trustee)	$116,000	$0

990-PF

Filed on Nov. 15, 2022

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$26,590

Expenses

$1,290,548

Net Income

-$1,263,958

Net Assets

$20,677,210

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$4,862	18.3%
Dividends	$510,639	> 100%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,051,419	81.5%
Compensation of Officers*	$232,000	18.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$20,677,211
Total Liabilities	$1
Net Assets	$20,677,210

Compensation

Key Employees and Officers	Compensation	Other
Craig Karrasch (Trustee)	$116,000	$0
Mark Knobel (Trustee)	$116,000	$0

990-PF

Filed on Nov. 10, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$1,897,833

Expenses

$1,700,883

Net Income

$196,950

Net Assets

$21,949,077

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$9,116	0.5%
Dividends	$504,482	26.6%
Sales of Assets	$1,384,235	72.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,351,461	79.5%
Compensation of Officers*	$232,000	13.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$21,949,077
Total Liabilities	$0
Net Assets	$21,949,077

990-PF

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

PDF

Fiscal Year Ending Dec.
2018

Revenue

$754,886

Expenses

$1,530,575

Net Income

-$775,689

Net Assets

$21,772,173

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$94	0.0%
Dividends	$561,382	74.4%
Sales of Assets	$193,208	25.6%
Other Income	$202	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,257,370	82.2%
Compensation of Officers*	$232,000	15.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$21,772,173
Total Liabilities	$0
Net Assets	$21,772,173

Compensation

Key Employees and Officers	Compensation	Other
Craig Karrasch (Trustee)	$116,000	$0
Mark Knobel (Trustee)	$116,000	$0

990-PF

Filed on Oct. 10, 2019

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
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 Dec.
2016

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.
2015

Revenue

$1,312,200

Expenses

$1,998,632

Net Income

-$686,432

Net Assets

$24,222,153

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$38	0.0%
Dividends	$468,513	35.7%
Sales of Assets	$834,523	63.6%
Other Income	$9,126	0.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,726,772	86.4%
Compensation of Officers*	$232,000	11.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,222,153
Total Liabilities	$0
Net Assets	$24,222,153

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,419,264

Expenses

$1,934,740

Net Income

-$515,476

Net Assets

$24,897,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$69	0.0%
Dividends	$567,702	40.0%
Sales of Assets	$819,196	57.7%
Other Income	$32,297	2.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,658,744	85.7%
Compensation of Officers*	$232,000	12.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$24,897,770
Total Liabilities	$28
Net Assets	$24,897,742

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$569,092

Expenses

$1,984,919

Net Income

-$1,415,827

Net Assets

$25,428,249

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,975	0.7%
Dividends	$558,978	98.2%
Sales of Assets	$3,519	0.6%
Other Income	$2,620	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,683,955	84.8%
Compensation of Officers*	$232,000	11.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$25,428,277
Total Liabilities	$28
Net Assets	$25,428,249

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$1,036,557

Expenses

$1,881,376

Net Income

-$844,819

Net Assets

$26,730,325

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,049	0.1%
Dividends	$562,707	54.3%
Sales of Assets	$313,177	30.2%
Other Income	$159,624	15.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,650,338	87.7%
Compensation of Officers*	$224,000	11.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$26,732,145
Total Liabilities	$1,820
Net Assets	$26,730,325

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$770,438

Expenses

$1,905,715

Net Income

-$1,135,277

Net Assets

$27,575,144

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$10,673	1.4%
Dividends	$560,410	72.7%
Sales of Assets	$122,004	15.8%
Other Income	$77,351	10.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,660,377	87.1%
Compensation of Officers*	$216,000	11.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,575,375
Total Liabilities	$231
Net Assets	$27,575,144

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

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Thelma B And Thomas P Hart Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $2.21M (2024)

Expenses $1.75M (2024)

Total Assets $22.4M (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

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

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

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

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Revenue

$2.21M (2024)

Expenses

$1.75M (2024)

Total Assets

$22.4M (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

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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.
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Fiscal Year Ending Dec.
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2001