Nonprofit · EIN 87-1179715
SAM THOMPSON MEMORIAL FOUNDATION
Tax-exempt · RIO RANCHO, NM 87124
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $190,543 | $16,078 | $174,465 | $450,365 | $0 | $450,365 |
| December 31, 2022 | 990-EZ | $135,433 | $61,429 | $74,004 | $158,414 | – | $158,414 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $29,749
- Program service revenue
- $0
- Investment income
- $18,624
- Net income from fundraising events
- $143,910
- Net income from sales of inventory
- -$1,740
- Other revenue
- $142,170
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $925
- Accounting fees
- $3,984
- Travel
- $3,216
- Management and general (functional)
- $13,644
- Fundraising (functional)
- $2,434
Balance sheet and other
- Total assets, start of year
- $275,900
- Total assets, end of year
- $450,365
- Total liabilities, end of year
- $0
- Net assets, end of year
- $450,365
- Land, buildings and equipment
- $562
- Net assets without donor restrictions
- $450,365
- Gross receipts
- $336,311
- Employees
- 0
- Volunteers
- 15
- Year formed
- 2021
- State of legal domicile
- NM
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE ABADIR | SECRETARY Officer | – | $0 |
| JIM ANDERSON | VICE PRESIDE Officer | – | $0 |
| LAURA JOINER | PRESIDENT Officer | – | $0 |
| LAURA JOINER | TREASURER Officer | – | $0 |
| DENA LACKEY | OFFICER Officer | – | $0 |
| NOLTON PATIO | OFFICER Officer | – | $0 |
| ARMANDO RIVERA | OFFICER Officer | – | $0 |
| VICKI TEBOW | OFFICER Officer | – | $0 |
| GREG THOMPSON | OFFICER Officer | – | $0 |
| DAVE WEAVER | OFFICER Officer | – | $0 |
990-EZ for the year ended December 31, 2022: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Dave Weaver | Officer | 10 | $0 |
| Nolton Patio | Officer | 10 | $0 |
| Francis Vaughn | Officer | 10 | $0 |
| Laura Joiner | President | 10 | $0 |
| Jim Anderson | Vice President | 10 | $0 |
| Laura Joiner | Treasurer | 10 | $0 |
| Mike Abadir | Secretary | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 903 MESA ROJA TRL NE, RIO RANCHO, NM 87124-6388
- Principal officer (990 for 2024)
- LAURA JOINER, 903 MESA ROJA TRAIL NE, RIO RANCHO, NM 87124
- Signed the 990
- LAURA JOINER, PRESIDENT
- Phone
- (760) 408-1199
- Return prepared by
- PATRICK KENNEDY CPA LLC
Mission
THE SAM THOMPSON MEMORIAL FOUNDATION IS A PHILANTHROPIC ORGANIZATION FOCUSED ON THE HEALTH, EDUCATION AND WELFARE OF THOSE INVOLVED IN THE HORSE RACING COMMUNITY.
Program accomplishments
- SCHOLARSHIPS GRANTED TO STUDENTS CURRENTLY ENROLLED IN COLLEGE, TECHNICAL OR VOCATIONAL SCHOOL AND WHOSE FAMILY IS INVOLVED WITH THE HORSE RACING COMMUNITY. SCHOLARSHIPS ARE PAID DIRECTLY TO THE SCHOOL. IN 2024, A TOTAL OF 32 SCHOLARSHIPS WERE AWARDED.Expenses $50,702
- THE SAM THOMPSON MEMORIAL PROVIDES GRANTS FOR THOSE INDIVIDUALS INVOLVED IN THE HORSE RACING COMMUNITY. THE FOUNDATION PROVIDED TWO GRANTS TO QUALIFIED INDIVIDUALS FOR HEALTH AND WELFARE IN 2024 AS WELL AS CONTRIBUTIONS FOR OTHERS IN NEED.Expenses $12,883
- ASSISTANCE FOR THE RUIDOSO DOWNS RACETRACK COMMUNITY WHO HELPED TO SAVE HORSES AND LOST EVERYTHING AS A RESULT OF THE THE 2024 FIRE AND FLOOD DISASTERS IN RUIDOSO, NM.Expenses $21,750
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | Check at the IRS |
IRS record
- EIN
- 87-1179715
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2025
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Recreation and sports (N69)
- Assets (IRS master file)
- $450,365
- Income (IRS master file)
- $336,311
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $190,543 | $16,078 | $450,365 | XML |
| 990-EZ | December 2022 | $135,433 | $61,429 | $158,414 | XML |
| 990-EZ | December 2021 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-1179715).
Questions about SAM THOMPSON MEMORIAL FOUNDATION
- What is the EIN of SAM THOMPSON MEMORIAL FOUNDATION?
- The employer identification number (EIN) of SAM THOMPSON MEMORIAL FOUNDATION is 87-1179715.
- Is SAM THOMPSON MEMORIAL FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
- Are donations to SAM THOMPSON MEMORIAL FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SAM THOMPSON MEMORIAL FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SAM THOMPSON MEMORIAL FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SAM THOMPSON MEMORIAL FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SAM THOMPSON MEMORIAL FOUNDATION?
- The 990 for the year ended December 31, 2024 names LAURA JOINER.
- Who are the officers and directors of SAM THOMPSON MEMORIAL FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 10 people; 0 received compensation from the organization.
- How much revenue does SAM THOMPSON MEMORIAL FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $190,543, expenses of $16,078 and total assets of $450,365 at year end.
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