Form990-PF

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
right arrowDo not enter social security numbers on this form as it may be made public.
right arrowGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2023
Open to Public Inspection
For calendar year 2023, or tax year beginning 01-01-2023 , and ending 12-31-2023
Name of foundation
THE THOMAS FOUNDATION
 
Number and street (or P.O. box number if mail is not delivered to street address)PO BOX 797066
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
DALLAS, TX75379
A Employer identification number

20-1831468
B Telephone number (see instructions)

(972) 407-6162
C right arrow
G Check all that apply:

D 1. Foreign organizations, check here............. right arrow
2. Foreign organizations meeting the 85%
test, check here and attach computation ... right arrow
E right arrow
H Check type of organization:
F right arrow
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)right arrow$12,422,809J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule)  
2 Check right arrow.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 367,429 367,429  
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 376,459
b Gross sales price for all assets on line 6a 2,335,184
7 Capital gain net income (from Part IV, line 2)... 376,459
8 Net short-term capital gain.........  
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule).......      
12 Total. Add lines 1 through 11........ 743,888 743,888  
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 90,000     67,500
14 Other employee salaries and wages......        
15 Pension plans, employee benefits....... 16,773     9,880
16a Legal fees (attach schedule).........        
b Accounting fees (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
3,950      
c Other professional fees (attach schedule)....        
17 Interest...............        
18 Taxes (attach schedule) (see instructions)...        
19 Depreciation (attach schedule) and depletion...      
20 Occupancy..............        
21 Travel, conferences, and meetings.......        
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment
List of Attached Documents:
// Content
70,417 67,401    
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 181,140 67,401   77,380
25 Contributions, gifts, grants paid....... 590,350 590,350
26 Total expenses and disbursements. Add lines 24 and 25 771,490 67,401   667,730
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements -27,602
b Net investment income (if negative, enter -0-) 676,487
c Adjusted net income (if negative, enter -0-)...  
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2023)
Form 990-PF (2023)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing.............      
2 Savings and temporary cash investments......... 400,287 292,569 292,569
3 Accounts receivable right arrow  
Less: allowance for doubtful accounts right arrow        
4 Pledges receivable right arrow  
Less: allowance for doubtful accounts right arrow        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) right arrow  
Less: allowance for doubtful accounts right arrow        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges..........      
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule)....... 3,259,023 Click to see attachment
List of Attached Documents:
// Content
4,220,821 		4,220,821
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 8,227,849 Click to see attachment
List of Attached Documents:
// Content
7,909,419 		7,909,419
14 Land, buildings, and equipment: basis right arrow  
Less: accumulated depreciation (attach schedule) right arrow        
15 Other assets (describe right arrow)      
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 11,887,159 12,422,809 12,422,809
Liabilities 17 Accounts payable and accrued expenses..........    
18 Grants payable.................    
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe right arrow)    
23 Total liabilities (add lines 17 through 22).........   0
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here right arrow
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions...........    
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here right arrow
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds 11,887,159 12,422,809
29 Total net assets or fund balances (see instructions)..... 11,887,159 12,422,809
30 Total liabilities and net assets/fund balances (see instructions). 11,887,159 12,422,809
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
11,887,159
2
Enter amount from Part I, line 27a .....................
2
-27,602
3
Other increases not included in line 2 (itemize) right arrowClick to see attachment
List of Attached Documents:
// Content
3
563,252
4
Add lines 1, 2, and 3 ..........................
4
12,422,809
5
Decreases not included in line 2 (itemize) right arrow
5
 
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
12,422,809
Form 990-PF (2023)
Form 990-PF (2023)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1 a PUBLICLY TRADED SECURITIES P    
b PUBLICLY TRADED SECURITIES P    
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a 512,036   486,591 25,445
b 1,823,148   1,472,134 351,014
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a       25,445
b       351,014
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2 376,459
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3 25,445
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here right arrow and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions) 1 9,403
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2  
3 Add lines 1 and 2........................... 3 9,403
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4  
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 9,403
6 Credits/Payments:
a 2023 estimated tax payments and 2022 overpayment credited to 2023 6a 15,886
b Exempt foreign organizations—tax withheld at source...... 6b  
c Tax paid with application for extension of time to file (Form 8868)... 6c  
d Backup withholding erroneously withheld .......... 6d  
7 Total credits and payments. Add lines 6a through 6d.............. 7 15,886
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8  
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......right arrow 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...right arrow 10 6,483
11 Enter the amount of line 10 to be: Credited to 2024 estimated taxright arrow6,483 Refundedright arrow 11  
Form 990-PF (2023)
Form 990-PF (2023)
Page 4
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. right arrow$   (2) On foundation managers.right arrow$  
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.right arrow$  
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
round bullet By language in the governing instrument, or
round bullet By state legislation that effectively amends the governing instrument so that no mandatory directions
that conflict with the state law remain in the governing instrument? ................
6
Yes
 
7
Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
and Part XIV..................................
7
Yes
 
8a
Enter the states to which the foundation reports or with which it is registered (see instructions)
right arrowTX
b
If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
8b
Yes
 
9
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
or 4942(j)(5) for calendar year 2023 or the taxable year beginning in 2023? See the instructions for Part XIII.
If "Yes," complete Part XIII .............................
9
 
No
10
Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
and addresses. ...............................
10
 
No
11
At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions .............
11
 
No
12
Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
advisory privileges? If "Yes," attach statement. See instructions.................
12
 
No
13
Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
13
Yes
 
Website addressright arrowN/A
14
The books are in care ofright arrowSTANLEY THOMAS Telephone no.right arrow (972) 407-6162

Located atright arrow5115 OAKTREE CIRCLEDALLASTX ZIP+4right arrow75287
15
Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........right arrow
and enter the amount of tax-exempt interest received or accrued during the year ........right arrow
15
 
16 At any time during calendar year 2023, did the foundation have an interest in or a signature or other authority over YesNo
a bank, securities, or other financial account in a foreign country? .................
16   No
See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
country right arrow
Form 990-PF (2023)
Form 990-PF (2023)
Page 5
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required
File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
Yes
No
1a
During the year did the foundation (either directly or indirectly):
(1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
1a(1)
 
No
(2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
a disqualified person? ..............................
1a(2)
 
No
(3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
1a(3)
 
No
(4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
1a(4)
Yes
 
(5) Transfer any income or assets to a disqualified person (or make any of either available
for the benefit or use of a disqualified person)? ......................
1a(5)
 
No
(6) Agree to pay money or property to a government official? (Exception. Check "No"
if the foundation agreed to make a grant to or to employ the official for a period
after termination of government service, if terminating within 90 days.) ...............
1a(6)
 
No
b
If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
1b
 
No
c
Organizations relying on a current notice regarding disaster assistance check here ........right arrow
d
Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
that were not corrected before the first day of the tax year beginning in 2023? .............
1d
 
 
2
Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
a
At the end of tax year 2023, did the foundation have any undistributed income (Part XII, lines 6d
and 6e) for tax year(s) beginning before 2023?....................
2a
 
No
If "Yes," list the years right arrow20, 20, 20, 20
b
Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
(relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
to all years listed, answer "No" and attach statement—see instructions.) ..............
2b
 
 
c
If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
right arrow20, 20, 20, 20
3a
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
any time during the year? ..............................
3a
 
No
b
If "Yes," did it have excess business holdings in 2023 as a result of (1) any purchase by the foundation
or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
if the foundation had excess business holdings in 2023.) .....................
3b
 
 
4a
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
4a
 
No
b
Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2023? ..
4b
 
No
Form 990-PF (2023)
Form 990-PF (2023)
Page 6
Part VI-B
Statements Regarding Activities for Which Form 4720 May Be Required (continued)
5a
During the year did the foundation pay or incur any amount to:
Yes
No
(1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
5a(1)
 
No
(2) Influence the outcome of any specific public election (see section 4955); or to carry
on, directly or indirectly, any voter registration drive? ....................
5a(2)
 
No
(3) Provide a grant to an individual for travel, study, or other similar purposes? .............
5a(3)
 
No
(4) Provide a grant to an organization other than a charitable, etc., organization described
in section 4945(d)(4)(A)? See instructions ........................
5a(4)
 
No
(5) Provide for any purpose other than religious, charitable, scientific, literary, or
educational purposes, or for the prevention of cruelty to children or animals? .............
5a(5)
 
No
b
If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
5b
 
 
c
Organizations relying on a current notice regarding disaster assistance check .........right arrow
d
If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
tax because it maintained expenditure responsibility for the grant? .................
5d
 
 
If "Yes," attach the statement required by Regulations section 53.4945–5(d).
6a
Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
a personal benefit contract? .............................
6a
 
No
b
Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
6b
 
No
If "Yes" to 6b, file Form 8870.
7a
At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
7a
 
No
b
If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
7b
 
 
8
Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
excess parachute payment during the year? .........................
8
 
No
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors
1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
(a) Name and address (b) Title, and average
hours per week
devoted to position 		(c) Compensation
 (If not paid, enter
-0-) 		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
other allowances
STANLEY THOMAS PRES/DIR
4.00 		0 0 0
PO BOX 797066
DALLAS,TX75379
DEBORAH THOMAS SEC/TREAS/DI
30.00 		42,000 0 0
PO BOX 797066
DALLAS,TX75379
MICHAEL THOMAS DIRECTOR
30.00 		48,000 9,888 0
PO BOX 797066
DALLAS,TX75379
DAVID THOMAS DIRECTOR
1.00 		0 0 0
PO BOX 797066
DALLAS,TX75379
2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
(a) Name and address of each employee paid more than $50,000 (b) Title, and average
hours per week
devoted to position 		(c) Compensation (d) Contributions to
employee benefit
plans and deferred
compensation 		(e) Expense account,
other allowances
NONE
Total number of other employees paid over $50,000...................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 7
Part VII
Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
and Contractors (continued)
3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
NONE
Total number of others receiving over $50,000 for professional services.............right arrow  
Part VIII-A
Summary of Direct Charitable Activities
List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
1  
2  
3  
4  
Part VIII-B
Summary of Program-Related Investments (see instructions)
Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
1 N/A  
2  
All other program-related investments. See instructions.
3  
Total. Add lines 1 through 3.........................right arrow  
Form 990-PF (2023)
Form 990-PF (2023)
Page 8
Part IX
Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
1
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
purposes:
a
Average monthly fair market value of securities...................
1a
11,250,933
b
Average of monthly cash balances.......................
1b
353,014
c
Fair market value of all other assets (see instructions)................
1c
0
d
Total (add lines 1a, b, and c).........................
1d
11,603,947
e
Reduction claimed for blockage or other factors reported on lines 1a and
1c (attach detailed explanation) .............
1e
 
2
Acquisition indebtedness applicable to line 1 assets..................
2
 
3
Subtract line 2 from line 1d.........................
3
11,603,947
4
Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
instructions) .............................
4
174,059
5
Net value of noncharitable-use assets. Subtract line 4 from line 3. ............
5
11,429,888
6
Minimum investment return. Enter 5% (0.05) of line 5................
6
571,494
Part X
Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
1
Minimum investment return from Part IX, line 6..................
1
571,494
2a
Tax on investment income for 2022 from Part V, line 5.......
2a
9,403
b
Income tax for 2022. (This does not include the tax from Part V.) ...
2b
 
c
Add lines 2a and 2b............................
2c
9,403
3
Distributable amount before adjustments. Subtract line 2c from line 1............
3
562,091
4
Recoveries of amounts treated as qualifying distributions................
4
 
5
Add lines 3 and 4............................
5
562,091
6
Deduction from distributable amount (see instructions).................
6
 
7
Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
7
562,091
Part XI
Qualifying Distributions (see instructions)
1
Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
a
Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
1a
667,730
b
Program-related investments—total from Part VIII-B..................
1b
 
2
Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
purposes...............................
2
 
3
Amounts set aside for specific charitable projects that satisfy the:
a
Suitability test (prior IRS approval required)....................
3a
 
b
Cash distribution test (attach the required schedule) .................
3b
 
4
Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4. .......
4
667,730
Form 990-PF (2023)
Form 990-PF (2023)
Page 9
Part XII
Undistributed Income (see instructions)
(a)
Corpus 		(b)
Years prior to 2022 		(c)
2022 		(d)
2023
1 Distributable amount for 2023 from Part X, line 7 562,091
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only....... 59,142
b Total for prior years:20 , 20, 20  
3 Excess distributions carryover, if any, to 2022:
a From 2018......  
b From 2019......  
c From 2020......  
d From 2021......  
e From 2022......  
f Total of lines 3a through e ........  
4Qualifying distributions for 2023 from Part
XI, line 4: right arrow$ 667,730
a Applied to 2022, but not more than line 2a 59,142
b Applied to undistributed income of prior years
(Election required—see instructions)..... 		 
c Treated as distributions out of corpus (Election
required—see instructions)........ 		 
d Applied to 2023 distributable amount..... 562,091
e Remaining amount distributed out of corpus 46,497
5 Excess distributions carryover applied to 2023.    
(If an amount appears in column (d), the
same amount must be shown in column (a).)
6Enter the net total of each column as
indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5 46,497
b Prior years’ undistributed income. Subtract
line 4b from line 2b .......... 		 
c Enter the amount of prior years’ undistributed
income for which a notice of deficiency has
been issued, or on which the section 4942(a)
tax has been previously assessed...... 		 
d Subtract line 6c from line 6b. Taxable amount
—see instructions ........... 		 
e Undistributed income for 2022. Subtract line
4a from line 2a. Taxable amount—see
instructions ............. 		 
f Undistributed income for 2023. Subtract
lines 4d and 5 from line 1. This amount must
be distributed in 2024 .......... 		0
7 Amounts treated as distributions out of
corpus to satisfy requirements imposed by
section 170(b)(1)(F) or 4942(g)(3) (Election may
be required - see instructions) ....... 		 
8 Excess distributions carryover from 2018 not
applied on line 5 or line 7 (see instructions) ... 		 
9 Excess distributions carryover to 2024.
Subtract lines 7 and 8 from line 6a ...... 		46,497
10 Analysis of line 9:
a Excess from 2019....  
b Excess from 2020....  
c Excess from 2021....  
d Excess from 2022....  
e Excess from 2023.... 46,497
Form 990-PF (2023)
Form 990-PF (2023)
Page 10
Part XIII
Private Operating Foundations (see instructions and Part VI-A, question 9)
1a If the foundation has received a ruling or determination letter that it is a private operating
foundation, and the ruling is effective for 2023, enter the date of the ruling ...... right arrow
 
b Check box to indicate whether the organization is a private operating foundation described in section or
2a Enter the lesser of the adjusted net
income from Part I or the minimum
investment return from Part IX for each
year listed .......... 		Tax year Prior 3 years (e) Total
(a) 2023 (b) 2022 (c) 2021 (d) 2020
         
b 85% (0.85) of line 2a .........          
c Qualifying distributions from Part XI,
line 4 for each year listed ..... 		         
d Amounts included in line 2c not used directly
for active conduct of exempt activities .......... 		         
e Qualifying distributions made directly
for active conduct of exempt activities.
Subtract line 2d from line 2c .... 		         
3 Complete 3a, b, or c for the
alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......          
(2) Value of assets qualifying
under section 4942(j)(3)(B)(i)		          
b “Endowment" alternative test— enter 2/3
of minimum investment return shown in
Part IX, line 6 for each year listed .. 		         
c “Support" alternative test—enter:
(1) Total support other than gross
investment income (interest,
dividends, rents, payments
on securities loans (section
512(a)(5)), or royalties) .... 		         
(2) Support from general public
and 5 or more exempt
organizations as provided in
section 4942(j)(3)(B)(iii).... 		         
(3) Largest amount of support
from an exempt organization		          
(4) Gross investment income          
Part XIV
Supplementary Information (Complete this part only if the foundation had $5,000 or more in
assets at any time during the year—see instructions.)
1Information Regarding Foundation Managers:
aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
Check here right arrow
aThe name, address, and telephone number or email address of the person to whom applications should be addressed:
bThe form in which applications should be submitted and information and materials they should include:
cAny submission deadlines:
dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:
Form 990-PF (2023)
Form 990-PF (2023)
Page 11
Part XIV
Supplementary Information (continued)
3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient If recipient is an individual,
show any relationship to
any foundation manager
or substantial contributor
 Foundation
status of
recipient 		Purpose of grant or
contribution 		Amount
Name and address (home or business)
aPaid during the year

2ND SATURDAY

2428 PINE STREET
DALLAS,TX75215 		N/A PC HELP AT-RISK MEN BECOME EMPLOYABLE 5,000

AGAPE RESOURCE AND ASSISTANCE
CENTER
PO BOX 861664
PLANO,TX75086 		N/A PC HOUSING AND SUPPORT FOR SINGLE MOMS 10,000

ALIVE AT LAST

PO BOX 1031
NEWARK,TX76071 		N/A PC HELPING SURVIVORS OF SEXUAL EXPLOIT 10,000

ANGEL TREE MISSION

PO BOX 1550
MERRIFIELD,VA22116 		N/A PC XMAS GIFTS FOR CHILDREN OF PRISONERS 10,000

BELLA HOUSE

PO BOX 940802
PLANO,TX75094 		N/A PC HOUSING FOR HOMELESS PREGNANT WOMEN 10,000

BEYOND ORDINARY WOMEN MINISTRIES

4757 W PARK BLVD 113-198
PLANO,TX75093 		N/A PC TRAINING IN UNDER-RESOURCED CHURCHES 5,000

BRAVELOVE INC

2633 MCKINNEY AV 130-266
DALLAS,TX75204 		N/A PC ADOPTION ASSISTANCE 20,000

BROTHER BILL'S HELPING HAND

P O BOX 565846
DALLAS,TX75356 		N/A PC FOOD, CLOTHING, MEDICINE & ENCOURAGE 10,000

CARENET

44180 RIVERSIDE PKWY 200
LANSDOWNE,VA20176 		N/A PC PRO-LIFE PREGNANCY CENTERS 20,000

CHRISTIAN COMMUNITY ACTION

200 S MILL ST
LEWISVILLE,TX75057 		N/A PC EDUCATIONAL MATERIALS 10,000

CHRISTIAN WORKS FOR CHILDREN

5440 HARVEST HILL RD 140
DALLAS,TX75230 		N/A PC ADOPTION & FAMILY COUNSELING 10,000

DALLAS LIFE FOUNDATION

PO BOX 130116
DALLAS,TX75313 		N/A PC PROVIDES SHELTER FOR THE HOMELESS 20,000

DISCIPLES MAKING DISCIPLES MINISTRY

5005 LBJ FWY STE 1600
DALLAS,TX75244 		N/A PC MISSIONS 15,000

DON D THORNTON MINISTRIES

314 S KEECHI STREET
FAIRFIELD,TX75840 		N/A PC CHRISTIAN MOTORCYCLE MINISTRY 5,000

E3PARTNERS

P O BOX 1053
SEARCY,AR72145 		N/A PC SUDAN, EGYPT, ROMANIA MISSIONS 10,000

EAST-WEST MINISTRIES INT'L

2001 W PLANO PKWY 3000
PLANO,TX75075 		N/A PC STUDENT WITNESSING & TESTIMONY 10,000

EXODUS MINISTRY

4630 MUNGER AVE 110
DALLAS,TX75203 		N/A PC WOMEN AND CHILDREN SAFETY 10,000

FIRSTLOOK

213 YMCA DRIVE
WAXAHACHIE,TX75165 		N/A PC FAITH-BASED CRISIS PREGNANCY CENTER 10,000

HARVESTERS REACHING THE NATIONS

2001 WEST PLANO PKW 3432
PLANO,TX75075 		N/A PC MEDICAL & SCHOOL EXPENSES 25,000

HEALTH SERVICES OF NORTH TEXAS

4401 N I-35 STE 312
DENTON,TX76207 		N/A PC MEDICAL CARE 10,000

HHM HEALTHCARE

PO BOX 741524
DALLAS,TX75374 		N/A PC HEALTH NEEDS FOR POOR IN DALLAS CTY. 10,100

HOPE SUPPLY CO

10480 SHADY TRAIL STE 104
DALLAS,TX75220 		N/A PC CRITICAL NEEDS OF HOMELESS CHILDREN 10,000

HOPE'S DOOR

860 AVENUE F SUITE 100
PLANO,TX75074 		N/A PC COLLIN COUNTY FAMILY VIOLENCE 10,000

INTERNATIONAL LIVING STREAMS

108 SE HARRIS STREET
BURLESON,TX76028 		N/A PC INDIA & AFRICA MISSIONS 25,000

LEADER FORMATION INTERNATIONAL

P O BOX 25027
DALLAS,TX75225 		N/A PC CHURCH LEADERSHIP & TRAINING 5,000

LIFESAVERS FOUNDATION THE

561 W CAMPBELL RD 101
RICHARDSON,TX75080 		N/A PC MOBILE PEDIATRIC CLINIC 30,000

MASTERMEDIA MINISTRIES

PO BOX 711
EULESS,TX76039 		N/A PC CHRISTIAN RADIO 25,000

MEN OF NEHEMIAH

2010 AL LIPSCOMB WAY
DALLAS,TX75215 		N/A PC ALCOHOL & DRUG ADDICTION RECOVERY 10,000

MERCY HOUSE MINISTRIES

PO BOX 236
COLLEYVILLE,TX76034 		N/A PC HOUSING FOR PREGNANT SINGLE WOMEN. 5,000

METRO RELIEF

5201 S COLONY BLVD 545
THE COLONY,TX75056 		N/A PC MOBILE RESOURCE FOR THE HOMELESS. 10,000

NEED HIM GLOBAL

17304 PRESTON RD 1040
DALLAS,TX75252 		N/A PC RADIO & TV EVANGELISM IN PERU 10,000

ONE MAN'S TREASURE

519 EAST I-30 211
ROCKWELL,TX75087 		N/A PC RESOURCES FOR FORMERLY INCARCERATED. 10,000

OPEN ARMS HEALTH CLINIC

3311 LITTLE ROAD
ARLINGTON,TX76016 		N/A PC FREE HEALTHCARE FOR THE SICK. 5,000

PRESTONWOOD PREGNANCY CENTER

690 W CAMPBELL 150
RICHARDSON,TX75080 		N/A PC UNPLANNED PREGNANCY SERVICES 10,000

PROMISE HOUSEWESLEY INN

224 W PAGE AVENUE
DALLAS,TX75208 		N/A PC YOUTH SHELTER, COUNSELING 10,000

SAMARITAN INN

1725 NORTH MCDONALD ST
MCKINNEY,TX75071 		N/A PC HELPING HOMELESS GAIN INDEPENDENCE 10,000

SERVINGHIM HEALTHCARE INTERNATIONAL

2001 W PLANO PKWY 1213
PLANO,TX75075 		N/A PC MEDICAL AND SPIRITUAL OUTREACH SVCS 10,250

SIMPLY GRACE HOUSE

PO BOX 515684
DALLAS,TX75251 		N/A PC TRANSITIONAL LIVING 10,000

THE STEWPOT OF FIRST PRESBYTERIAN

1835 YOUNG ST
DALLAS,TX75201 		N/A PC SERVICES FOR HOMELESS 5,000

THRIVE WOMEN'S CLINIC

6500 GREENVILLE AVE 600
DALLAS,TX75206 		N/A PC PREGNANCY EDUCATION, COUNSELING 25,000

TRINITY RESTORATION MINISTRIES

2728 HOLMES ST
DALLAS,TX75215 		N/A PC MENTORING INMATES. 10,000

UNCHARTED MINISTRIES

PO BOX 77160
CORONA,CA92877 		N/A PC TRAIN MISSIONARIES 10,000

UNION GOSPEL MISSION

3211 IRVING BLVD
DALLAS,TX75247 		N/A PC FOOD & SHELTER TO HOMELESS 10,000

UNITE LIFE

1720 BRAY CENTRAL DR 100
MCKINNEY,TX75069 		N/A PC TECH PLATFORM FOR CHURCHES 10,000

WAY MEDIA

4820 CENTENNIAL BLVD 115
COLORADO SPRINGS,CO80919 		N/A PC CHRISTIAN RADIO AND MEDIA WORLDWIDE 10,000

WELL COMMUNITY

125 SUNSET AVENUE
DALLAS,TX75208 		N/A PC MEALS FOR LOW-INCOME ADULTS 10,000

WHITE ROCK CENTER OF HOPE

PO BOX 180358
DALLAS,TX75218 		N/A PC EMERGENCY ASSISTANCE 10,000

WITNESS BREAKTHROUGH

11639 CANOE
BIG CANOE,GA30143 		N/A PC TRAINING FOR CHURCH EVANGELISM 5,000

ABBA WOMEN'S CENTER

214 N TAYLOR
GAINESVILLE,TX76241 		N/A PC PREGNANCY RESOURCES 5,000

ABIDING FATHERS

PO BOX 196096
DALLAS,TX75219 		N/A PC PRISON OUTREACH 10,000

FORERUNNERS MENTORING PROGRAM

10228 E NORTHWEST HWY 24
DALLAS,TX75238 		N/A PC AFTERSCHOOL PROGRAMS & MENTORING 10,000

REAL OPTIONS

1776 W MCDERMOTT DR 100
ALLEN,TX75013 		N/A PC PREGNANCY CENTER 10,000
Total .................................right arrow 3a 590,350
bApproved for future payment
Total ................................. right arrow 3b  
Form 990-PF (2023)
Form 990-PF (2023)
Page 12
Part XV-A
Analysis of Income-Producing Activities
Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
Related or exempt
function income
(See instructions.)
1Program service revenue: (a)
Business code 		(b)
Amount 		(c)
Exclusion code 		(d)
Amount
a
b
c
d
e
f
gFees and contracts from government agencies          
2 Membership dues and assessments ....          
3 Interest on savings and temporary cash
investments ........... 		         
4 Dividends and interest from securities ....     14 367,429  
5 Net rental income or (loss) from real estate:
aDebt-financed property......          
bNot debt-financed property.....          
6 Net rental income or (loss) from personal property          
7 Other investment income .....          
8 Gain or (loss) from sales of assets other than
inventory ............ 		    18 376,459  
9 Net income or (loss) from special events:          
10 Gross profit or (loss) from sales of inventory          
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..   743,888  
13Total. Add line 12, columns (b), (d), and (e)..................
13
743,888
(See worksheet in line 13 instructions to verify calculations.)
Part XV-B
Relationship of Activities to the Accomplishment of Exempt Purposes
Line No.
DownArrow 		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
instructions.)
Form 990-PF (2023)
Form 990-PF (2023)
Page 13
Part XVI
Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
1
Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
Yes
No
a
Transfers from the reporting foundation to a noncharitable exempt organization of:
(1) Cash...................................
1a(1)
 
No
(2) Other assets.................................
1a(2)
 
No
b
Other transactions:
(1) Sales of assets to a noncharitable exempt organization....................
1b(1)
 
No
(2) Purchases of assets from a noncharitable exempt organization..................
1b(2)
 
No
(3) Rental of facilities, equipment, or other assets.......................
1b(3)
 
No
(4) Reimbursement arrangements...........................
1b(4)
 
No
(5) Loans or loan guarantees.............................
1b(5)
 
No
(6) Performance of services or membership or fundraising solicitations................
1b(6)
 
No
c
Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
1c
 
No
d
If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
(a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
2a
Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
b
If "Yes," complete the following schedule.

(a) Name of organization (b) Type of organization (c) Description of relationship
Sign Here
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
right arrow right arrow
May the IRS discuss this return
with the preparer shown below?
See instructions.
Signature of officer or trustee Date Title
Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date Check if self-
employed right arrow		 PTIN
Firm's name SmallBullet
 Firm's EIN SmallBullet
Firm's address SmallBullet


 Phone no.
Form 990-PF (2023)
Additional Data


Software ID:  
Software Version:  


Form 990PF - Special Condition Description:
Special Condition Description

TY 2023 AccountingFeesSchedule
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
TAX PREPARATION 3,950      

TY 2023 InvestmentsCorpStockSchedule
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Name of Stock End of Year Book Value End of Year Fair Market Value
2025 SH EQUITY LIFESTYLE PROPERTIES    
919 SH GENERAL DYNAMICS CORP    
11645.963 SH BLACKSTONE PRIVATE CR 293,828 293,828
20238.955 SH BLACKSTONE REAL ESTATE 289,984 289,984
33444.816 SH CARLYLE TACTICAL PRIV 282,609 282,609
20325.203 SH JLL INCOME PROPERTY TR 254,675 254,675
134 SH CINTAS CORP    
5844 SH GENTEX CORP    
759 SH HOME DEPOT    
1131 SH LOWES COMPANIES INC    
315 SH NORTHROP GRUMMAN CORP    
394 SH POOL CORP    
947 SH SIMPSON MFG    
498 SH SNAP-ON INC    
1041 SH TRACTOR SUPPLY CO    
1351 SH UFP INDUSTRIES INC    
427 SH UNITEDHEALTH GROUP INC    
462 SH ACCENTURE PLC 162,120 162,120
1592 SH AMPHENOL CORP 157,815 157,815
1063 SH APPLIED MATERIALS INC 172,280 172,280
223 SH CINTAS CORP 134,393 134,393
426 SH DOMINOS PIZZA 175,610 175,610
355 SH ELEVANCE HEALTH INC 167,404 167,404
2025 SH EQUITY LIFESTYLE PROPERTIES 142,844 142,844
781 SH GENERAL DYNAMICS CORP 202,802 202,802
608 SH HOME DEPOT 210,703 210,703
275 SH NORTHROP GRUMMAN CORP 128,739 128,739
479 SH POOL CORP 190,982 190,982
620 SH SHERWIN WILLIAMS CO 193,378 193,378
828 SH SIMPSON MFG INC 163,928 163,928
422 SH SNAP ON INC 121,891 121,891
870 SH TRACTOR SUPPLY CO 187,076 187,076
1222 SH UFP INDUSTRIES INC 153,422 153,422
225 SH UNITEDHEALTH GROUP 118,456 118,456
12600 SH GOLUB CAPITAL PRIVATE CREDI 315,882 315,882

TY 2023 InvestmentsOtherSchedule2
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
159168.97 SH LORD ABBOTT ULTRA SHORT FMV    
HC PRIVATE EQ OFFSHORE FUND X LTD FMV 172,919 172,919
61208.52 SH PIMCO LNG TRM US GOVT FD FMV    
HC PE OFFSHORE FUND XI LTD FMV 221,595 221,595
10800.118 SH FRANKLIN UTILITIES ADV FMV    
11158.885SH JANUS HEND SMALL CAP VAL FMV    
9160 SH ISHARES TR 20 YR TR FMV    
6250 SH VANGUARD UTILITIES FMV    
6132 SH VANGUARD SMALL CAP VALUE FMV    
2229 SH INVESCO QQQ TR FMV    
1081 SH PIMCO ETF TRUST ENHANCED FMV    
2618 SH CONSUMER STAPLES SELECT SECT FMV    
1459 SH HEALTH CARE SELECT SECTOR FMV    
1721 SH SELECT SECTOR SPDR TR FMV    
28667.018 SH BRAMSHILL INCOME PRF FMV    
66564.368 SH LORD ABBETT SHORT DURAT FMV    
3260 SH ISHARES TR MSCI INTL QUALITY FMV    
2241 SH ISHARES TR MCSI USA FMV    
3310 SH ISHARES TR US AER DEF FMV    
583 SH VANGUARD WORLD FDS FMV    
4348 SH FIRST TR EXCHANGE TRADED FMV    
1353 SH ISHARES TIPS BOND FMV    
914 SH ISHARES TR 3 7YR TREAS FMV    
1971 SH VANGUARD INTERMEDIATE TERM FMV    
1863 SH VANGUARD SHORT TERM TREASURY FMV    
13958 SH FIRST TR EXCHANGE TRADED FD FMV    
159303.108 SH LORD ABBOTT ULTRA SHOR FMV 614,910 614,910
38593.428 SH BRAMSHILL INCOME FMV 377,444 377,444
61842.493 SH LORD ABBETT SHORT DURAT FMV 238,712 238,712
2974 SH ISHARES TR US AER DEF FMV 376,508 376,508
443 SH VANGUARD WORLD FDS FMV 214,412 214,412
1347 SH ISHARES TIPS BOND FMV 144,789 144,789
840 SH ISHARES TR 3 7 YR TREAS BD FMV 98,389 98,389
981 SH PIMCO ETF TRUST ENHANCED SHOR FMV 97,894 97,894
1841 SH VANGUARD INTERMEDIATE TERM FMV 149,636 149,636
4151 SH VANGUARD SCOTTSDALE FDS FMV 192,440 192,440
13851 SH FIRST TR EXCHANGE TRADED FD FMV 233,528 233,528
10566.086 SH FRANKLIN UTILITIES ADVI FMV 205,827 205,827
9157.368 SH JANUS HENDERSON SMALL CA FMV 215,931 215,931
15050.152 SH PIMCO LONG TERM US GOVT FMV 225,451 225,451
2199 SH CONSUMER STAPLES SELECT FMV 158,394 158,394
1195 SH HEALTH CARE SELECT SECTOR FMV 162,974 162,974
1666 SH INVESCO QQQ TR UNIT FMV 682,260 682,260
1229 SH SELECT SECTOR SPDR TR FMV 103,039 103,039
5200 SH VANGUARD SMALL CAP VALUE FMV 935,844 935,844
6361 SH VANGUARD UTILIITIES INDEX FD FMV 871,902 871,902
9193 SH ISHARES TR 20 YR TR BD FMV 909,004 909,004
11476.664 SH KKR INFRASTRUCTURE FMV 305,617 305,617

TY 2023 OtherExpensesSchedule
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
EXPENSES        
FUND FEES 67,401 67,401    
OFFICE EXPENSES 754      
TELEPHONE 1,709      
POSTAGE 553      


TY 2023 OtherIncreasesSchedule
Name:
THE THOMAS FOUNDATION
EIN:
20-1831468
Description Amount
UNREALIZED GAIN ON INVESTMENTS 563,252