Julia Terrill Thomas Foundation Inc
Julia Terrill Thomas Foundation consistently spends more than it earns, drawing down assets.
EIN: 202354370 · Sea Island, GA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $12.6M |
| Transparency Score | 75/100 |
Is Julia Terrill Thomas Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Julia Terrill Thomas Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Julia Terrill Thomas Foundation Inc
Julia Terrill Thomas Foundation Inc (EIN: 202354370) is a nonprofit organization based in Sea Island, GA, classified under NTEE code T22. The organization reported total revenue of $2.4M and total assets of $12.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Julia Terrill Thomas Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Julia Terrill Thomas Foundation Inc is a mid-size nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 28.8%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $833K |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-419,389 |
| Total Assets | $12.6M |
| Total Liabilities | $52 |
| Net Assets | $12.6M |
| Operating Margin | -50.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 120.3 months |
Financial Health Grade: B
In 2022, Julia Terrill Thomas Foundation Inc reported a deficit of $419K with expenses exceeding revenue, holds 120.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Julia Terrill Thomas Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 28.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -4.3% | +16.8% | -3.2% |
| 2021 | +32.8% | +2.3% | -1.5% |
| 2020 | +11.8% | +9.0% | -2.9% |
| 2019 | -6.8% | -4.4% | -9.3% |
| 2015 | -55.4% | +23.0% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Julia Terrill Thomas Foundation Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Julia Terrill Thomas Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $419K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or directors received compensation from the organization, which is highly favorable for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Julia Terrill Thomas Foundation Inc's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) across multiple years, leading to asset decline.
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data makes full efficiency assessment difficult.
Strengths
The following positive indicators were identified for Julia Terrill Thomas Foundation Inc:
- Significant asset base ($12,025,675) provides financial stability despite deficit spending.
- 0% officer compensation reported across all filings, indicating efficient use of funds for mission rather than executive salaries.
- Long filing history (9 filings) demonstrates consistent reporting and transparency.
Frequently Asked Questions about Julia Terrill Thomas Foundation Inc
Is Julia Terrill Thomas Foundation Inc a legitimate charity?
Julia Terrill Thomas Foundation Inc (EIN: 202354370) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 75/100. It has 9 years of IRS 990 filings on record. Total revenue: $2.4M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Julia Terrill Thomas Foundation Inc spend its money?
Julia Terrill Thomas Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Julia Terrill Thomas Foundation Inc tax-deductible?
Julia Terrill Thomas Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202354370). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Julia Terrill Thomas Foundation Inc's spending goes to programs?
Julia Terrill Thomas Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Julia Terrill Thomas Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Julia Terrill Thomas Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Julia Terrill Thomas Foundation Inc located?
Julia Terrill Thomas Foundation Inc is headquartered in Sea Island, Georgia and files with the IRS under EIN 202354370. It is classified under NTEE code T22.
How many years of IRS 990 filings does Julia Terrill Thomas Foundation Inc have?
Julia Terrill Thomas Foundation Inc has 9 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.4M in total revenue.
Is Julia Terrill Thomas Foundation Inc. financially sustainable given its spending patterns?
While the foundation has a substantial asset base of $12,025,675, its consistent trend of expenses exceeding revenue (e.g., $1,252,358 in expenses vs. $832,969 in revenue in 2022) suggests a long-term sustainability challenge if this pattern continues without significant revenue growth or expense reduction.
How does the lack of officer compensation impact the organization?
The reported 0% officer compensation across all filings is a strong positive, indicating that resources are not being diverted to executive salaries and are presumably directed towards the foundation's mission or asset preservation.
What is the trend in the foundation's assets?
The foundation's assets have been on a declining trend, from a high of $15,336,079 in 2014 to $12,025,675 currently, primarily due to consistent deficit spending where expenses have outpaced revenue.
Filing History
IRS 990 filing history for Julia Terrill Thomas Foundation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Julia Terrill Thomas Foundation Inc's revenue has grown by 1520.9%, moving from $51K to $833K. Total assets increased by 1528.4% over the same period, from $771K to $12.6M. Total functional expenses rose by 1975.9%, from $60K to $1.3M. In its most recent filing year (2022), Julia Terrill Thomas Foundation Inc reported a deficit of $419K, with expenses exceeding revenue. The organization holds $52 in liabilities against $12.6M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $833K | $1.3M | $12.6M | $52 | — | View 990 |
| 2021 | $870K | $1.1M | $13.0M | $52 | — | View 990 |
| 2020 | $655K | $1.0M | $13.2M | $1 | — | View 990 |
| 2019 | $586K | $962K | $13.6M | $1 | — | — |
| 2015 | $629K | $1.0M | $15.0M | $1 | — | View 990 |
| 2014 | $1.4M | $818K | $15.3M | $786 | — | View 990 |
| 2013 | $3.7M | $492K | $14.7M | $739 | — | View 990 |
| 2012 | $11.3M | $575K | $11.5M | $9K | — | View 990 |
| 2011 | $51K | $60K | $771K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $833K, expenses of $1.3M, and assets of $12.6M (revenue -4.3% year-over-year).
- 2021: Revenue of $870K, expenses of $1.1M, and assets of $13.0M (revenue +32.8% year-over-year).
- 2020: Revenue of $655K, expenses of $1.0M, and assets of $13.2M (revenue +11.8% year-over-year).
- 2019: Revenue of $586K, expenses of $962K, and assets of $13.6M (revenue -6.8% year-over-year).
- 2015: Revenue of $629K, expenses of $1.0M, and assets of $15.0M (revenue -55.4% year-over-year).
- 2014: Revenue of $1.4M, expenses of $818K, and assets of $15.3M (revenue -62.2% year-over-year).
- 2013: Revenue of $3.7M, expenses of $492K, and assets of $14.7M (revenue -67.1% year-over-year).
- 2012: Revenue of $11.3M, expenses of $575K, and assets of $11.5M (revenue +21916.4% year-over-year).
- 2011: Revenue of $51K, expenses of $60K, and assets of $771K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Julia Terrill Thomas Foundation Inc:
Data Sources and Methodology
This transparency report for Julia Terrill Thomas Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.