Overview
What is Tholos Foundation?
The Tholos Foundation, located at 722 12th Street NW, Washington, DC 20005, is a nonprofit organization dedicated to promoting tax fairness and economic prosperity. They achieve this goal through educational outreach and fiscal policy analysis. The foundation's activities primarily focus on enlightening taxpayers about the underlying factors and consequences of legislation and regulatory affairs. In essence, the Tholos Foundation strives to contribute to a fairer and economically robust society by educating and analyzing fiscal policies.
Official website here: www.tholosfoundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 67%
The Tholos Foundation has received a Two-Star out of Four Star rating from Charity Navigator, indicating a moderate level of performance in the nonprofit sector. This score reflects the organization's accountability and finance practices, particularly noting that it has a fully independent board with 80% of members being independent, which is a strong aspect of governance. The financial oversight is also commendable, with no material diversion of assets reported and a solid audit committee in place.
However, there are significant concerns regarding the foundation's financial health, particularly highlighted by a liabilities to assets ratio of 538.66%, which raises red flags about its financial sustainability. Additionally, the working capital ratio of -4.23 years suggests potential liquidity issues, which could impact the foundation's ability to fulfill its mission over time.
On a positive note, the foundation demonstrates effective program spending, with 71.19% of its expenses directed towards programs, and maintains a strong fundraising efficiency ratio of $0.16. Overall, while there are strengths in governance and program expenditure, the financial instability is a notable limitation that potential donors should consider.
This AI summary has been generated from information found on Charity Navigator.
Is Tholos Foundation legitimate?
Tholos Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Tholos Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $260,872
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,523,286
For more financial information, click here
Official website here: www.tholosfoundation.org
What is the mission statement of Tholos Foundation?
The Tholos Foundation, established with the goal of charitable and educational activities, focuses on promoting tax fairness and economic prosperity. They achieve this mission by means of education and analytical work. The foundation's educational initiatives involve outreach efforts to enlighten taxpayers about the underlying reasons and consequences of legislative actions and regulatory affairs.
Official website here: www.tholosfoundation.org
What is the revenue of Tholos Foundation?
Tholos Foundation's revenue in 2023 was $2,746,957.
Official website here: www.tholosfoundation.org
Who are the executives of Tholos Foundation and what are their salaries?
There 4 volunteers at Tholos Foundation.
Here are 12 key members and their salaries:
- Compensation: $100,000
- Related: $150,000
- Other: $49,299
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $48,250
- Related: $48,250
- Other: $33,290
- Compensation: $62,880
- Related: $146,720
- Other: $44,588
- Compensation: $69,472
- Related: $104,208
- Other: $30,202
- Compensation: $86,850
- Related: $106,150
- Other: $33,400
- Compensation: $175,000
- Related: $0
- Other: $16,036
- Compensation: $69,394
- Related: $84,814
- Other: $12,770
- Compensation: $22,800
- Related: $129,200
- Other: $23,197
Official website here: www.tholosfoundation.org
Where can I find the form 990 for Tholos Foundation?
Tholos Foundation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.tholosfoundation.org
Learn more at the official website: www.tholosfoundation.org
Mission Statement of Tholos Foundation
The Tholos Foundation, established with a charitable and educational purpose, is dedicated to promoting tax fairness and economic prosperity. It achieves this mission by engaging in both education and analysis. The organization's educational outreach efforts aim to enlighten taxpayers about the underlying reasons and consequences of legislative and regulatory affairs. Through these initiatives, the Tholos Foundation seeks to contribute to a broader understanding of economic policy and its impact on various sectors of society.
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Impact
July, 2024
Tholos Foundation's impact lies in its efforts to promote tax fairness and economic prosperity through education and analysis. By engaging in charitable and educational activities, the foundation works towards educating taxpayers on the true causes and effects of legislation and regulatory affairs. Through its economic research and fiscal policy analysis, Tholos Foundation aims to create a public benefit by informing individuals and policymakers about important economic issues and promoting a more equitable tax system.
This information is meant to be a general summary of Tholos Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $108,198
- Program Service Revenue: $100
- Gross Receipts: $2,746,957
Assets and Liabilities:
- Total Assets: $3,436,033
- Total Liabilities: $18,508,836
- Net Assets: -$15,072,803
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Conference registration
Revenue
$100
Organization Details
Founding Year
1985
Principal Officer
Grover G Norquist
Website
www.tholosfoundation.orgNTEE Category
Code: W00 - Public benefit
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