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THAMAN FAMILY FOUNDATION: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
THAMAN FAMILY FOUNDATION (EIN 45-0669361)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-08-14
IRS object ID
202532269349100048
Schema version
2024v5.2
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-08-14T21:02:05-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN824116366PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1SABLE GROUP LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13785 GREEN ROADAddressLine1Txt
CityBEACHWOODCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44122ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN450669361EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1THAMAN FAMILY FOUNDATION ICABusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% MICHAEL THAMANInCareOfNm
Business Name ControlTHAMBusinessNameControlTxt
Phone4195364533PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12630 FALMOUTH ROADAddressLine1Txt
CityTOLEDOCityNm
State AbbreviationOHStateAbbreviationCd
ZIP436152212ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMICHAEL THAMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2162923550PhoneNum
Signature2025-03-27SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKEN SABLEPreparerPersonNm
PTINP00638464PTIN
Phone2162923550PhoneNum
Preparation2025-08-14PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$3,922,501FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$145,219DividendsRevAndExpnssAmt
Dividends Net Invst Incm$145,219DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss$76,674NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$387,188GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$76,674CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss$221,893TotalRevAndExpnssAmt
Total Net Invst Incm$221,893TotalNetInvstIncmAmt
Other Prof Fees Rev And Expnss$25,477OtherProfFeesRevAndExpnssAmt
Other Prof Fees Net Invst Incm$25,477OtherProfFeesNetInvstIncmAmt
Taxes Rev And Expnss$2,520TaxesRevAndExpnssAmt
Taxes Net Invst Incm$1,340TaxesNetInvstIncmAmt
Other Expenses Rev And Expnss$2,977,944OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$3,005,941TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$26,817TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$646,802ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$3,652,743TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$26,817TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$3,430,850ExcessRevenueOverExpensesAmt
Net Investment Income$195,076NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$49,736CashBOYAmt
Cash EOY$117,950CashEOYAmt
Cash EOYFMV$117,950CashEOYFMVAmt
Sav And Temp Cash Invst BOY$276,305SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$891,877SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$869,742SavAndTempCashInvstEOYFMVAmt
Other Investments BOY$6,019,825OtherInvestmentsBOYAmt
Other Investments EOY$1,905,188OtherInvestmentsEOYAmt
Other Investments EOYFMV$2,934,809OtherInvestmentsEOYFMVAmt
Total Assets BOY$6,345,866TotalAssetsBOYAmt
Total Assets EOY$2,915,015TotalAssetsEOYAmt
Total Assets EOYFMV$3,922,501TotalAssetsEOYFMVAmt
Total Liabilities BOY$0TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind
No Donor Rstr Net Assests BOY$6,345,866NoDonorRstrNetAssestsBOYAmt
No Donor Rstr Net Assests EOY$2,915,015NoDonorRstrNetAssestsEOYAmt
Tot Net Ast Or Fund Balances BOY$6,345,866TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$2,915,015TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$6,345,866TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$2,915,015TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$6,345,866TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$3,430,850ExcessRevenueOverExpensesAmt
Subtotal$2,915,016SubtotalAmt
Other Decreases$1OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$2,915,015TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
PUBLICALLY TRADED SECURITIESP2016-12-122024-08-05$309,280$310,514-$1,234-$1,234
CAPITAL GAIN DISTRIBUTIONSP2000-01-012024-12-31$77,908$77,908$77,908
FieldValueIRS element (for citing)
Capital Gain Net Income$76,674CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$2,712InvestmentIncomeExciseTaxAmt
Tax Under Section511$0TaxUnderSection511Amt
Subtotal$2,712SubtotalAmt
Subtitle A Tax$0SubtitleATaxAmt
Tax Based On Investment Income$2,712TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx$2,362EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$2,362TotalPaymentsAndCreditsAmt
Tax Due$350TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateOHOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenfalseForm990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Individual With BooksPNC BANK NAIndividualWithBooksNm
Phone6167718893PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1116 ALLEGHENY CENTER MALLAddressLine1Txt
CityPITTSBURGHCityNm
State AbbreviationPAStateAbbreviationCd
ZIP15212ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
MICHAEL THAMAN
6455 MONROE ST APT 316SylvaniaOH43560PRESIDENT TREASURER SECRETARY0.00$0$0$0
JOHN MELICK
C/O PNC BANK 116 ALLEGHENY CTRPittsburghPA15212DIRECTOR0.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Other Employee Paid Over50k0OtherEmployeePaidOver50kCnt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Expenses1$0Expenses1Amt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1NONEDescription1Txt
Expenses1$0Expenses1Amt
Total$0TotalAmt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$7,417,875AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$7,417,875TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Acquisition Indebtedness$0AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast$7,417,875AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$111,268CashDeemedCharitableAmt
Net Vl Noncharitable Assets$7,306,607NetVlNoncharitableAssetsAmt
Minimum Investment Return$365,330MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$365,330MinimumInvestmentReturnAmt
Tax Based On Investment Income$2,712TaxBasedOnInvestmentIncomeAmt
Total Tax$2,712TotalTaxAmt
Distributable Before Adj$362,618DistributableBeforeAdjAmt
Distributable Before Ded$362,618DistributableBeforeDedAmt
Distributable As Adjusted$362,618DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$362,618DistributableAsAdjustedAmt
Excess Distribution Cyov Yr2$196,661ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$74,952ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$271,613TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$271,613ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$271,613ExcessDistributionCyovAppCYAmt
Undistributed Income CY$91,005UndistributedIncomeCYAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerNAContributingManagerNm
Shareholder ManagerNAShareholderManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (7 entries)

Address Line1RecipientUSAddress/AddressLine1TxtCityRecipientUSAddress/CityNmState AbbreviationRecipientUSAddress/StateAbbreviationCdZIPRecipientUSAddress/ZIPCdRecipient RelationshipRecipientRelationshipTxtRecipient Foundation StatusRecipientFoundationStatusTxtGrant Or Contribution PurposeGrantOrContributionPurposeTxtAmtAmt
BOLD BLOSSUM FOUNDATION
2630 FALMOUTH RDTOLEDOOH436152212NONEPCGENERAL$18,802
TOLEDO MUSEUM OF ART
2445 MONROE STTOLEDOOH43620NONEPCSTRATEGIC PLAN SUPPORT AND MEMBERSHIP$225,000
EVANS SCHOLAR FOUNDATION
2501 PATRIOT BOULEVARDGLENVIEWIL600268022NONEPC1ST INSTALLMENT OF PLEDGE$50,000
PRINCETON UNIVERSITY
701 CARNEGIE CTRPRINCETONNJ08540NONEPCMICHAEL THAMAN VENTURE FORWARD SCHOLARSHIP$50,000
ST IGNATIUS HIGH SCHOOL
1911 W 30TH STCLEVELANDOH44113NONEPCPLEDGE PAYMENT 262024$150,000
ST IGNATIUS HIGH SCHOOL
1911 W 30TH STCLEVELANDOH44113NONEPCPLEDGE PAYMENT 4302024$150,000
ST IGNATIUS HIGH SCHOOL
1911 W 30TH STCLEVELANDOH44113NONEPCPLEDGE PAYMENT 8272024$3,000
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$646,802TotalGrantOrContriPdDurYrAmt
Total Grant Or Contri Apprv Fut$0TotalGrantOrContriApprvFutAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$145,219ExclusionAmt

Other Investment Income OtherInvestmentIncomeGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$77,908ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Exclusion18ExclusionCd
Exclusion-$1,234ExclusionAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$221,893ExclusionAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$221,893TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or ItemPNC 4664 MUT FUNDS EQUITYCategoryOrItemTxt
Book Value$1,905,188BookValueAmt
EOYFMV$2,934,809EOYFMVAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescROUNDINGDesc
Amt$1Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescDISRTIBUTION TO PF SPOUSEDesc
Revenue And Expenses Per Books$2,977,944RevenueAndExpensesPerBooksAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
TAX PREP$0$0$0$0
FEES ADVISOR$25,477$25,477$0$0

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail (2 entries)

CategoryCategoryTxtAmtAmtNet Investment IncomeNetInvestmentIncomeAmtAdjusted Net IncomeAdjustedNetIncomeAmtDisbursements Charitable PrpsDisbursementsCharitablePrpsAmt
TAXES PAID$1,180$0$0$0
FOREIGN TAXES ON QUALIFIED$1,340$1,340$0$0

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