Thomas A And Joan M Holmes Foundation Inc
Holmes Foundation: Consistent Giving, Minimal Overhead
EIN: 222766121 · Naples, FL · Updated: 2026-04-04
Is Thomas A And Joan M Holmes Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Thomas A And Joan M Holmes Foundation Inc directs 97% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Thomas A And Joan M Holmes Foundation Inc
Thomas A And Joan M Holmes Foundation Inc (EIN: 222766121) is a nonprofit organization based in Naples, FL. The organization reported total revenue of $1.8M and total assets of $3.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Thomas A And Joan M Holmes Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Thomas A And Joan M Holmes Foundation Inc is a mid-size nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $149K |
| Total Expenses | $3K |
| Surplus / Deficit | +$146K |
| Total Assets | $1.3M |
| Total Liabilities | $1 |
| Net Assets | $1.3M |
| Operating Margin | 97.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 4627.5 months |
Financial Health Grade: A
In 2023, Thomas A And Joan M Holmes Foundation Inc reported a surplus of $146K with revenue exceeding expenses, holds 4627.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Thomas A And Joan M Holmes Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -612.9% | +3833.3% | -19.1% |
| 2021 | +220.7% | -99.6% | +3.7% |
| 2020 | -55.3% | -9.0% | -3.8% |
| 2019 | -5.0% | +30.3% | +30.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Thomas A And Joan M Holmes 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: 1%
- programs: 97%
- fundraising: 2%
According to IRS 990 filings, Thomas A And Joan M Holmes Foundation Inc allocates its expenses as follows: admin: 1%, programs: 97%, fundraising: 2%. With 97% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $146K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, indicating a volunteer-led or unpaid leadership structure.
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.
Strengths
The following positive indicators were identified for Thomas A And Joan M Holmes Foundation Inc:
- Extremely low administrative and fundraising overhead, maximizing funds for programs.
- Consistent grant-making activity over many years.
- Healthy asset base relative to annual expenses, suggesting long-term sustainability.
Frequently Asked Questions about Thomas A And Joan M Holmes Foundation Inc
Is Thomas A And Joan M Holmes Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Thomas A And Joan M Holmes Foundation Inc (EIN: 222766121) appears legitimate. Mission Score: 75/100. 0 red flags identified, 3 strengths noted.
How does Thomas A And Joan M Holmes Foundation Inc spend its money?
Thomas A And Joan M Holmes Foundation Inc directs 97% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Thomas A And Joan M Holmes Foundation Inc tax-deductible?
Thomas A And Joan M Holmes Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222766121). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Thomas A And Joan M Holmes Foundation Inc do?
Thomas A And Joan M Holmes Foundation Inc is a nonprofit organization in the Unknown sector, located in Naples, Florida. It is classified under NTEE code Unknown.
How much revenue does Thomas A And Joan M Holmes Foundation Inc have?
Thomas A And Joan M Holmes Foundation Inc reported total revenue of $1,821,130. Based on 10 IRS 990 filings on record.
What are Thomas A And Joan M Holmes Foundation Inc's total assets?
Thomas A And Joan M Holmes Foundation Inc holds total assets of $2,958,177 as reported in IRS 990 filings.
Where is Thomas A And Joan M Holmes Foundation Inc located?
Thomas A And Joan M Holmes Foundation Inc is based in Naples, Florida.
What is Thomas A And Joan M Holmes Foundation Inc's EIN?
Thomas A And Joan M Holmes Foundation Inc's Employer Identification Number (EIN) is 222766121. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Thomas A And Joan M Holmes Foundation Inc?
Thomas A And Joan M Holmes Foundation Inc is classified under NTEE code Unknown (Unknown).
Is Thomas A And Joan M Holmes Foundation Inc a registered 501(c)(3)?
Thomas A And Joan M Holmes Foundation Inc appears in IRS records (EIN: 222766121). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Thomas A And Joan M Holmes Foundation Inc file IRS Form 990?
Yes, Thomas A And Joan M Holmes Foundation Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202311.
What was Thomas A And Joan M Holmes Foundation Inc's revenue in 2023?
In the 202311 filing period, Thomas A And Joan M Holmes Foundation Inc reported total revenue of $149,105, total expenses of $3,300, and net assets of $1,272,575.
Is Thomas A And Joan M Holmes Foundation Inc's revenue growing or declining?
Thomas A And Joan M Holmes Foundation Inc's revenue is relatively stable. Revenue went from $-254,316 (202211) to $149,105 (202311), a 0.0% change. Based on 10 filings on record.
What is Thomas A And Joan M Holmes Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Thomas A And Joan M Holmes Foundation Inc covers tax period 202311. It shows revenue of $149,105, expenses of $3,300, total assets of $1,272,575, and liabilities of $1.
How much does Thomas A And Joan M Holmes Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Thomas A And Joan M Holmes Foundation Inc allocates approximately 97% of expenses to program services, 1% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is Thomas A And Joan M Holmes Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Thomas A And Joan M Holmes Foundation Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Thomas A And Joan M Holmes Foundation Inc's strengths?
Positive indicators for Thomas A And Joan M Holmes Foundation Inc include: Extremely low administrative and fundraising overhead, maximizing funds for programs.. Consistent grant-making activity over many years.. Healthy asset base relative to annual expenses, suggesting long-term sustainability.. These findings are derived from AI analysis of the organization's financial filings.
How does Thomas A And Joan M Holmes Foundation Inc compensate executives?
Executive compensation is consistently reported as $0 across all available filings, indicating a volunteer-led or unpaid leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Thomas A And Joan M Holmes Foundation Inc?
- The foundation consistently reports 0% fundraising costs across all available filings. - Administrative expenses are remarkably low, often below 1% of total expenses. - Detailed program spending is not itemized beyond a single 'grants and contributions' line item. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent $0 executive compensation and minimal administrative costs, how does the foundation manage its operations and grant distribution?
The foundation likely relies on volunteer efforts or pro bono services for its operational management, allowing nearly all revenue to be directed towards its programmatic mission. This structure is highly efficient but may limit scalability without additional support.
Filing History
IRS 990 filing history for Thomas A And Joan M Holmes Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Thomas A And Joan M Holmes Foundation Inc's revenue has grown by 107.4%, moving from $72K to $149K. Total assets increased by 20.1% over the same period, from $1.1M to $1.3M. Total functional expenses fell by 92.2%, from $43K to $3K. In its most recent filing year (2023), Thomas A And Joan M Holmes Foundation Inc reported a surplus of $146K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $149K | $3K | $1.3M | $1 | — | — |
| 2022 | $-254,316 | $12K | $1.1M | $1 | — | View 990 |
| 2021 | $50K | $300 | $1.4M | $1 | — | View 990 |
| 2020 | $15K | $69K | $1.3M | $1 | — | — |
| 2019 | $35K | $76K | $1.4M | $0 | — | View 990 |
| 2015 | $36K | $58K | $1.1M | $1 | — | View 990 |
| 2014 | $69K | $69K | $1.1M | $1 | — | View 990 |
| 2013 | $92K | $53K | $1.1M | $319 | — | View 990 |
| 2012 | $23K | $31K | $1.1M | $0 | — | View 990 |
| 2011 | $72K | $43K | $1.1M | $153 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $149K, expenses of $3K, and assets of $1.3M.
- 2022: Revenue of $-254,316, expenses of $12K, and assets of $1.1M (revenue -612.9% year-over-year).
- 2021: Revenue of $50K, expenses of $300, and assets of $1.4M (revenue +220.7% year-over-year).
- 2020: Revenue of $15K, expenses of $69K, and assets of $1.3M (revenue -55.3% year-over-year).
- 2019: Revenue of $35K, expenses of $76K, and assets of $1.4M (revenue -5.0% year-over-year).
- 2015: Revenue of $36K, expenses of $58K, and assets of $1.1M (revenue -46.9% year-over-year).
- 2014: Revenue of $69K, expenses of $69K, and assets of $1.1M (revenue -25.4% year-over-year).
- 2013: Revenue of $92K, expenses of $53K, and assets of $1.1M (revenue +307.2% year-over-year).
- 2012: Revenue of $23K, expenses of $31K, and assets of $1.1M (revenue -68.6% year-over-year).
- 2011: Revenue of $72K, expenses of $43K, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Thomas A And Joan M Holmes Foundation Inc:
Data Sources and Methodology
This transparency report for Thomas A And Joan M Holmes 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.