Albert L And Ivy B Thomas Educational Fund

Milwaukee, WI
Tax-exempt since Jan. 1989
EIN: 93-6196091

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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

$63.5k (2024)

Expenses

$69.6k (2024)

Total Assets

$691k (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

$63,549

Expenses

$69,559

Net Income

-$6,010

Net Assets

$691,274

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$500	0.8%
Interest Revenue	$0
Dividends	$23,300	36.7%
Sales of Assets	$39,701	62.5%
Other Income	$48	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$43,503	62.5%
Compensation of Officers*	$27,756	39.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$691,274
Total Liabilities	$0
Net Assets	$691,274

Compensation

Key Employees and Officers	Compensation	Other
Chester Scott (Co Trustee)	$13,878	$0
Us Bank N A (Trustee)	$13,878	$0

990-PF

Filed on May 12, 2025

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

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Fiscal Year Ending Dec.
2023

Revenue

$43,775

Expenses

$69,952

Net Income

-$26,177

Net Assets

$693,633

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,728	45.1%
Sales of Assets	$23,766	54.3%
Other Income	$281	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,009	65.8%
Compensation of Officers*	$26,127	37.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$693,633
Total Liabilities	$0
Net Assets	$693,633

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$13,064	$0
Chester Scott (Co Trustee)	$13,063	$0

990-PF

Filed on May 5, 2024

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

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Fiscal Year Ending Dec.
2022

Revenue

$38,299

Expenses

$87,107

Net Income

-$48,808

Net Assets

$720,065

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$17,711	46.2%
Sales of Assets	$20,531	53.6%
Other Income	$57	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$59,421	68.2%
Compensation of Officers*	$29,082	33.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$720,065
Total Liabilities	$0
Net Assets	$720,065

Compensation

Key Employees and Officers	Compensation	Other
Chester Scott (Co Trustee)	$14,541	$0
Us Bank N A (Trustee)	$14,541	$0

990-PF

Filed on May 10, 2023

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

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Fiscal Year Ending Dec.
2021

Revenue

$74,078

Expenses

$80,799

Net Income

-$6,721

Net Assets

$766,411

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,438	33.0%
Sales of Assets	$49,445	66.7%
Other Income	$195	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,202	60.9%
Compensation of Officers*	$34,647	42.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$766,411
Total Liabilities	$0
Net Assets	$766,411

Compensation

Key Employees and Officers	Compensation	Other
Chester Scott (Co Trustee)	$17,324	$0
Us Bank N A (Co Trustee)	$17,323	$0

990-PF

Filed on May 10, 2022

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

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XML

Fiscal Year Ending Dec.
2020

Revenue

$11,702

Expenses

$82,429

Net Income

-$70,727

Net Assets

$767,631

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$16,277	> 100%
Sales of Assets	$0
Other Income	$5,730	49.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,252	64.6%
Compensation of Officers*	$30,980	37.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$767,632
Total Liabilities	$1
Net Assets	$767,631

Compensation

Key Employees and Officers	Compensation	Other
Chester Scott (Co Trustee)	$15,490	$0
Us Bank N A (Co Trustee)	$15,490	$0

990-PF

Filed on May 12, 2021

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

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Fiscal Year Ending Dec.
2019

Revenue

$49,728

Expenses

$80,885

Net Income

-$31,157

Net Assets

$838,482

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,077	42.4%
Sales of Assets	$26,174	52.6%
Other Income	$2,477	5.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$49,804	61.6%
Compensation of Officers*	$31,407	38.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$838,483
Total Liabilities	$1
Net Assets	$838,482

Compensation

Key Employees and Officers	Compensation	Other
Us Bank N A (Co Trustee)	$15,704	$0
Chester Scott (Co Trustee)	$15,703	$0

990-PF

Filed on May 8, 2020

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Fiscal Year Ending Dec.
2018

Revenue

$58,583

Expenses

$79,980

Net Income

-$21,397

Net Assets

$869,634

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,862	37.3%
Sales of Assets	$31,223	53.3%
Other Income	$5,498	9.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$47,633	59.6%
Compensation of Officers*	$32,410	40.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$869,634
Total Liabilities	$0
Net Assets	$869,634

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$16,205	$0
Chester Scott (Co Trustee)	$16,205	$0

990-PF

Filed on May 2, 2019

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

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Fiscal Year Ending Dec.
2017

Revenue

$64,326

Expenses

$83,157

Net Income

-$18,831

Net Assets

$891,030

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$20,916	32.5%
Sales of Assets	$36,512	56.8%
Other Income	$6,898	10.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,460	64.3%
Compensation of Officers*	$32,438	39.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$891,030
Total Liabilities	$0
Net Assets	$891,030

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$16,219	$0
Chester Scott (Co Trustee)	$16,219	$0

990-PF

Filed on April 28, 2018

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Fiscal Year Ending Dec.
2016

Revenue

$39,782

Expenses

$83,305

Net Income

-$43,523

Net Assets

$909,860

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,549	49.1%
Sales of Assets	$15,234	38.3%
Other Income	$4,999	12.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$54,767	65.7%
Compensation of Officers*	$30,896	37.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$909,860
Total Liabilities	$0
Net Assets	$909,860

Compensation

Key Employees and Officers	Compensation	Other
Us Bank Na (Trustee)	$15,448	$0
Chester Scott (Co Trustee)	$15,448	$0

990-PF

Filed on May 5, 2017

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

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Fiscal Year Ending Dec.
2015

Revenue

$84,614

Expenses

$85,018

Net Income

-$404

Net Assets

$953,813

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,001	24.8%
Sales of Assets	$59,345	70.1%
Other Income	$4,268	5.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$53,134	62.5%
Compensation of Officers*	$32,931	38.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$953,813
Total Liabilities	$0
Net Assets	$953,813

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$16,465	$0
Chester Scott (Co Trustee)	$16,465	$0

990-PF

Filed on May 11, 2016

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Fiscal Year Ending Dec.
2014

Revenue

$72,019

Expenses

$78,309

Net Income

-$6,290

Net Assets

$954,214

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$22,288	30.9%
Sales of Assets	$49,731	69.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$46,083	58.8%
Compensation of Officers*	$34,988	44.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$954,214
Total Liabilities	$0
Net Assets	$954,214

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$17,494	$0
Chester Scott (Co Trustee)	$17,494	$0

990-PF

Filed on May 12, 2015

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

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Fiscal Year Ending Dec.
2013

Revenue

$32,996

Expenses

$90,365

Net Income

-$57,369

Net Assets

$951,743

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$19,222	58.3%
Sales of Assets	$13,774	41.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$57,931	64.1%
Compensation of Officers*	$34,126	37.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$951,743
Total Liabilities	$0
Net Assets	$951,743

Compensation

Key Employees and Officers	Compensation	Other
Us Bank (Trustee)	$18,563	$0
Chester Scott (Co Trustee)	$17,063	$0

990-PF

Filed on May 7, 2014

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

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Fiscal Year Ending Dec.
2012

Revenue

$111,098

Expenses

$99,006

Net Income

$12,092

Net Assets

$1,005,437

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$24,612	22.2%
Sales of Assets	$86,486	77.8%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$67,930	68.6%
Compensation of Officers*	$32,779	33.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,005,438
Total Liabilities	$1
Net Assets	$1,005,437

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$52,692

Expenses

$69,826

Net Income

-$17,134

Net Assets

$990,871

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$21,613	41.0%
Sales of Assets	$31,079	59.0%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$41,886	60.0%
Compensation of Officers*	$29,907	42.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$990,872
Total Liabilities	$1
Net Assets	$990,871

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

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Updated March 23, 2026

Albert L And Ivy B Thomas Educational Fund

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $63.5k (2024)

Expenses $69.6k (2024)

Total Assets $691k (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

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

$63.5k (2024)

Expenses

$69.6k (2024)

Total Assets

$691k (2024)

Total Liabilities

$0 (2024)

Fiscal Year Ending Dec.
2024

Fiscal Year Ending Dec.
2023

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2022

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2021

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2020

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2019

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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

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Fiscal Year Ending Dec.
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2005

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