The Michael D and Netagene R Thompson Fo
The Michael D and Netagene R Thompson Foundation is a private foundation based in Mountain Brk, Alabama. Established in 2020, the foundation operates as a 501(c)(3) organization with a focus on charitable giving across multiple sectors.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.6M
-5.6% YoY
Annual Giving
$250K
-2.0% YoY
Grant Count
25
-3.8% YoY
Avg Grant Size
$10K
+2.0% YoY
Under IRS private-foundation payout rules, The Michael D and Netagene R Thompson Fo reported a distributable amount of $136K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation does not maintain a publicly stated mission statement. However, their grantmaking priorities center on:
- Education
- Philanthropy, Voluntarism & Grantmaking
- Human Services
Grantmaking
The foundation made 30 grants in 2023 and 55 grants in 2022, totaling $265,000 and $354,000 respectively.
Grant Range
$10,000
Average Grant
$8,800
How to Apply
**
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations in:
- Alabama
- Florida
- Virginia
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
As of 2023:
- Total Assets: $2,597,242
- Total Annual Giving: $250,000
As of 2022:
- Total Assets: $1,800,360
- Total Revenues: $1,033,224
- Total Expenses: $279,380
As of 2021:
- Total Assets: $855,000
- Total Giving: $151,000
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,597,242 | $2,750,151 | $1,800,360 |
| Revenue | $133,747 | $1,228,192 | $1,033,224 |
| Expenses | $286,656 | $278,815 | $279,380 |
| Qualifying Distributions | $250,000 | $256,837 | $266,750 |
| Net Investment Income | $109,007 | $652,541 | $20,594 |
| Distributable Amount | $136,001 | $96,956 | $88,737 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
162 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include American Bible Society ($10,000), Bible League ($10,000), Bread and Water for Africa ($10,000).
| Recipient | Purpose | Amount |
|---|---|---|
| AMERICAN BIBLE SOCIETY PITTSBURGH, PA | CHARITABLE CONTRIBUTION | $10,000 |
| BIBLE LEAGUE CRETE, IL | CHARITABLE CONTRIBUTION | $10,000 |
| BREAD AND WATER FOR AFRICA ALEXANDRIA, VA | CHARITABLE CONTRIBUTION | $10,000 |
| BREAD FOR THE WORLD WASHINGTON, DC | CHARITABLE CONTRIBUTION | $10,000 |
| CHILDRENS HUNGER RELEIF FUND SANTA ROSA, CA | CHARITABLE CONTRIBUTION | $10,000 |
| CHRISTIAN APPALACHIAN PROJECT LEXINGTON, KY | CHARITABLE CONTRIBUTION | $10,000 |
| COMMUNITY KITCHENS BHAM BIRMINGHAM, AL | CHARITABLE CONTRIBUTION | $10,000 |
| DAY 1 ATLANTA, GA | CHARITABLE CONTRIBUTION | $10,000 |
| FCA HOOVER, AL | CHARITABLE CONTRIBUTION | $10,000 |
| FEED THE CHILDREN OKLAHOMA CITY, OK | CHARITABLE CONTRIBUTION | $10,000 |
Leadership & Key People
Leadership team and compensation from IRS filings
- Michael D Thompson (Director)
- Netagene R Thompson (Director)
- Annie Thompson Somerville (Director)
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL D THOMPSON | DIRECTOR | 1 | — |
| NETAGENE R THOMPSON | DIRECTOR | 1 | — |
| ANNIE THOMPSON SOMERVILLE | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does The Michael D and Netagene R Thompson Fo fund?
The foundation does not maintain a publicly stated mission statement. However, their grantmaking priorities center on: • Education • Philanthropy, Voluntarism & Grantmaking • Human Services
How do I apply for a grant from The Michael D and Netagene R Thompson Fo?
**Grant Characteristics:** • Typical award range: $5,000–$10,000 • Median grant size: $10,000 • Average grant size: $8,800 **Recent Grant Activity:** The foundation made 30 grants in 2023 and 55 grants in 2022, totaling $265,000 and $354,000 respectively. **Recent Grant Recipients (2022):** • Brother Bryan Mission ($10,000) • Firehouse Ministries ($10,000) • Jimmy Hale Mission ($10,000) • Magic City Harvest ($10,000) • Montgomery Area Food Bank ($10,000) • Community Kitchens Birmingham ($10,000)
Where does The Michael D and Netagene R Thompson Fo make grants?
The foundation primarily funds organizations in: • Alabama • Florida • Virginia
What size grants does The Michael D and Netagene R Thompson Fo award?
In 2024, The Michael D and Netagene R Thompson Fo awarded 25 grants totaling $250K — an average of about $10K per grant, based on its IRS Form 990 filings.
How much is The Michael D and Netagene R Thompson Fo required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Michael D and Netagene R Thompson Fo reported a distributable amount of $136K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Michael D and Netagene R Thompson Fo's EIN?
The Michael D and Netagene R Thompson Fo's EIN (Employer Identification Number) is 84-5096000. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.