MISSION
THE CORPORATION WAS FORMED IN MEMORY OF OLYMPIC GYMNAST KURT THOMAS TO BRING RECOGNITION TO THE SPORT OF YOUTH GYMNASTICS AND TO PROVIDE SCHOLARSHIP ASSISTANCE TO UNDERPRIVILEDGED YOUTHS WHO DESIRE TO LEARN ABOUT AND TRAIN IN THE SPORT.
DEMOGRAPHIC
ADDRESS
10825 JOHN W ELLIOTT DRIVE
75033
COUNTY
denton county, TX
IN CARE OF NAME
REBECCA THOMAS
ORGANIZATIONAL OVERVIEW & RANKINGS
KURT THOMAS FOUNDATION is a based in FRISCO, TX, focused on Recreation, Sports, Leisure, Athletics causes , specifically Sports Training Facilities, Agencies. Established in October 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $64,534.00, this ranks 546,923 among 2,656,690 nonprofits nationally (Top 21%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 35,957 out of 202,022 organizations in TX (Top 18%).
In denton county, TX, the organization ranks 699 out of 5,696 nonprofits by assets (Top 13%), while locally in frisco, it stands at 189 among 1,677 organizations (Top 12%).
The organization reported annual revenue of $16,608.00, ranking 571,599 nationally (Top 22%) and 36,687 in TX (Top 19%).
Within its specific NTEE classification (N40 - N: Recreation, Sports, Leisure, Athletics), which includes 1,833 similar organizations, KURT THOMAS FOUNDATION ranks 299 in assets (Top 16%) and 445 in revenue (Top 24%).
The organization files a 990 (all other) or 990EZ return and operates on a November fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
N: Recreation, Sports, Leisure, Athletics
NTEE CODE
N40: Sports Training Facilities, Agencies
FOUNDATION CODE
16: Organization that normally receives no more than one third of its support from gross investment income and unrelated business income and at the same time more than one third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
TAX PERIOD
12/2023
ACCOUNTING PERIOD
12
INCOME CODE
4: $100,000 to $499,999
INCOME AMOUNT
$113,028.00
FORM 990 REVENUE AMOUNT
$16,608.00
RULING DATE
10/2021
ASSET CODE
3: $25,000 to $99,999
ASSET AMOUNT
$64,534.00
FILING REQUIREMENT CODE
990 (all other) or 990EZ return
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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