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The Paul And Florence Thomas Memorial Art School Inc. is a private corporation based in W JEFFERSON, NC. The foundation received its IRS ruling in 2009. The principal officer is Eva Ingle. It holds total assets of $959K. Annual income is reported at $266K. Total assets have decreased from $2M in 2011 to $883K in 2023. The foundation is governed by 4 officers and trustees. According to its most recent filing, the foundation only makes contributions to preselected charitable organizations. Tax records are available from 2020 to 2023. According to available records, The Paul And Florence Thomas Memorial Art School Inc. has made 3 grants totaling $56K, with a median grant of $20K. Annual giving has grown from $15K in 2021 to $41K in 2022. Individual grants have ranged from $15K to $20K, with an average award of $19K. Grant recipients are concentrated in North Carolina. Contributions to this foundation are tax-deductible.
No program descriptions are available for this foundation. Many private foundations report program activities in their annual 990-PF filings — check the Tax Filings section below for the most recent filing.
The Paul And Florence Thomas Memorial Art School Inc. is a private foundation that provides grants to eligible organizations. Based on available records, the foundation has funded 3 grants. Its grantmaking reaches organizations primarily in NC.
The Paul And Florence Thomas Memorial Art School Inc. has distributed a total of $56K across 3 grants. The median grant size is $20K, with an average of $19K. Individual grants have ranged from $15K to $20K.
The Paul And Florence Thomas Memorial Art School Inc. typically selects its grantees rather than accepting unsolicited proposals.
The Paul And Florence Thomas Memorial Art School Inc. is headquartered in W JEFFERSON, NC.
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| Name | Title | Compensation | Benefits | Total |
|---|---|---|---|---|
| Kimberly Perzel | PRESIDENT | $0 | $0 | N/A |
| Kyle Hall | SECRETARY | $0 | $0 | N/A |
| Doug Munroe | TREASURER | $0 | $0 | N/A |
| Jack Apple | Board Member | $0 | $0 | N/A |
Total Giving
$42K
Total Assets
$883K
Fair Market Value
$883K
Net Worth
$883K
Grants Paid
$24K
Contributions
$595
Net Investment Income
$22K
Distribution Amount
$28K
Total: $567K
Total Grants
3
Total Giving
$56K
Average Grant
$19K
Median Grant
$20K
Unique Recipients
1
Most Common Grant
$20K
of 2022 grantees were first-time recipients
| Recipient | Location | Amount | Year |
|---|---|---|---|
| Florence Thomas Art SchoolSUPPORT OPERATION OF SCHOOL | West Jefferson, NC | $20K | 2022 |