TLM Foundation Inc
TLM Foundation Inc is a private foundation, based in Forest, VA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $815 in total assets. In 2024, it made $40K in qualifying distributions.
TLM Foundation Inc at a glance
- Total assets
- $815
- Revenue (2024)
- $40,000
- Qualifying distributions (2024)
- $39,555
- Expenses (2024)
- $40,905
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who TLM Foundation Inc funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How TLM Foundation Inc gives
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2022 it made 2 grants totaling $47K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Timberlake Christian School Forest, VA | To Help Thosein Need. | $31,576 |
| Liberty University Lynchburg, VA | To Help Thosein Need | $15,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2024 | $815 | $40,000 | $40,905 | — | — | $39,555 | $81 |
| 2022 | $110,227 | $166,100 | $55,873 | $46,576 | 2 | $54,746 | $593 |
Under IRS private-foundation payout rules, TLM Foundation Inc reported a distributable amount of $81 for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
TLM Foundation Inc is led by Glen N. Thomas, President on every filing since 2022; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Glen N. Thomas
President
On filings since 2022
1 hr/week
No compensation reported
Lauren Thomas
Director
On filings since 2022
No compensation reported
Tyler Thomas
Director
On filings since 2022
No compensation reported
Teresa H. Thomas
Secretary & Treasurer
On filings since 2022
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2022–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about TLM Foundation Inc
How large is TLM Foundation Inc?
TLM Foundation Inc reported $815 in total assets on its 2024 IRS Form 990-PF. It paid out $40K in qualifying distributions that year, against a required minimum of $81 (roughly 5% of its investment assets).
Where does TLM Foundation Inc operate?
TLM Foundation Inc has awarded grants in Virginia.
What is TLM Foundation Inc's EIN?
TLM Foundation Inc's EIN (Employer Identification Number) is 87-4805771. IRS Form 990 filing data is available on this page for 2022–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2022–2024
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