The Thompson Gold Star Family Foundation

FAIRLAWN, OH EIN: 83-3689423

The Thompson Gold Star Family Foundation is a private foundation focused on Public, Societal Benefit, based in FAIRLAWN, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $3.4M in total assets. In 2024, it awarded 12 grants totaling $154K. Net investment income was $159K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$3.4M

+1.9% YoY

Annual Giving

$154K

-11.5% YoY

Grant Count

+300.0% YoY

Avg Grant Size

$13K

-77.9% YoY

Under IRS private-foundation payout rules, The Thompson Gold Star Family Foundation reported a distributable amount of $166K for 2024 — the minimum it must pay out in qualifying distributions.

About The Thompson Gold Star Family Foundation

Based on IRS filings

Focus Areas

Public, Societal Benefit

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Florida $202K (60%)

Ohio $107K (32%)

District of Columbia $12K (4%)

North Carolina $10K (3%)

Arizona $2K (1%)

Illinois $1K (0%)

Pennsylvania $1K (0%)

States

Arizona District of Columbia Florida Illinois North Carolina Ohio Pennsylvania

Cities

BooneCharlotteChicagoClevelandEnglewoodGastonMesaRavennaSharonWashington

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$3,358,681	$3,294,672	$3,249,076
Revenue	$191,722	$106,016	$66,509
Expenses	$194,663	$228,401	$40,441
Qualifying Distributions	$153,500	$173,500	$7,500
Net Investment Income	$158,734	$126,762	$90,221
Distributable Amount	$165,794	$161,861	$162,781

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

16 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Axess Family Services ($100,000), The New Abundant Life Worship Center ($16,000), America's Future ($12,000).

Recipient	Purpose	Amount
PEOPLE CARE PET PANTRY RAVENNA, OH	TO SUPPORT THE ORGANIZATION'S MISSION OF PROVIDING AID TO FAMILIES EXPERIENCING A FINANCIAL HARDSHIP SO THEY MAY KEEP THEIR CHERISHED PETS AS THEY WORK TO GET BACK ON THEIR FEET.	$500
THE CLEVELAND CLINIC FOUNDATION CLEVELAND, OH	TO SUPPORT THE ORGANIZATION'S MISSION OF PROVIDING EVERY PATIENT WORLD CLASS CARE.	$1,000
THE NEW ABUNDANT LIFE WORSHIP CENTER ENGLEWOOD, FL	TO SUPPORT THE MINISTRY'S MISSION OF SPREADING THE GOSPEL OF JESUS CHRIST.	$16,000
CRUZ LERMA MINISTRIES MESA, AZ	TO SUPPORT THE MINISTRY'S MISSION TO SPREAD THE GOSPEL THROUGH PRISON PREACHING AND BIBLE TEACHING.	$2,000
CAROL KORNAKI MINISTRIES CHARLOTTE, NC	TO SUPPORT THE MINISTRY'S MISSION TO REACHING COUNTLESS PEOPLE WITH JESUS CHRIST'S LIFE-CHANGING MESSAGE	$5,000
HIGHER LIFE MINISTRIES GASTON, NC	TO SUPPORT THE MINISTRY'S MISSION TO PROVIDING RESOURCES FOR GOD'S PEOPLE TO OBTAIN FREEDOM, KNOWLEDGE, GROWTH AND DESTINY.	$3,000
AMERICA'S FUTURE WASHINGTON, DC	TO SUPPORT THEIR MISSION OF EMPOWERING YOUNG PEOPLE TO BE ACTIVE, CIVIL, AND CURIOUS CITIZENS WHO BUILD FREER COMMUNITIES THAT LEAD TO FULFILLMENT, DIGNITY, AND HAPPINESS FOR ALL.	$12,000
NEW ABUNDANT LIFE WORSHIP CENTER ENGLEWOOD, FL	TO SUPPORT THE MINISTRY'S MISSION OF SPREADING THE GOSPEL OF JESUS CHRIST.	$10,000
MERCER COUNTY FOOD BANK SHARON, PA	TO SUPPORT THE ORGANIZATIONS MISSION TO PROVIDE SUPPLEMENTAL FOOD TO THOSE WHO ARE HUNGRY AND TO RAISE AWARENESS OF HUNGER THROUGHOUT MERCER COUNTY.	$1,000
SAMARITAN'S PURSE BOONE, NC	TO SUPPORT THE MINISTRY'S MISSION TO FOLLOW THE EXAMPLE OF CHRIST BY HELPING THOSE IN NEED AND PROCLAIMING THE HOPE OF THE GOSPEL.	$2,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
MICHAEL THOMPSON SR	PRESIDENT	—	—
JOHN KIM	DIRECTOR	—	—
JOHN THOMPSON	DIRECTOR	—	—
CHRIS THOMPSON	DIRECTOR	—	—

Subject Areas

Focus areas based on grantmaking activity

Public, Societal Benefit

Frequently Asked Questions

What is The Thompson Gold Star Family Foundation?

The Thompson Gold Star Family Foundation is a private foundation focused on Public, Societal Benefit, based in FAIRLAWN, OH. It holds $3.4M in total assets as of 2024.

How large is The Thompson Gold Star Family Foundation?

As of 2024, The Thompson Gold Star Family Foundation holds $3.4M in total assets with $192K in annual revenue. It awarded 12 grants totaling $154K in 2024.

Where does The Thompson Gold Star Family Foundation operate?

The Thompson Gold Star Family Foundation has awarded grants in Arizona, District of Columbia, Florida, Illinois, North Carolina, Ohio, Pennsylvania.

What size grants does The Thompson Gold Star Family Foundation award?

In 2024, The Thompson Gold Star Family Foundation awarded 12 grants totaling $154K — an average of about $13K per grant, based on its IRS Form 990 filings.

How much is The Thompson Gold Star Family Foundation required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Thompson Gold Star Family Foundation reported a distributable amount of $166K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Thompson Gold Star Family Foundation's EIN?

The Thompson Gold Star Family Foundation's EIN (Employer Identification Number) is 83-3689423. IRS Form 990 filing data is available on this page for 2020–2024.