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Nonprofiteer
← MICHAEL E THORNTON FOUNDATION

Form 990 for tax year 2022

Filed by MICHAEL E THORNTON FOUNDATION.

Totals

Total revenue
$526,626
Total expenses
$583,209
Contributions and grants received
$526,626
Grants paid
$152,263
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$170,354
Total liabilities, end of year
$7,252
Net assets or fund balances, end of year
$163,102
Program services expenses (Part IX)
$152,263
Management and general expenses
$294,682
Fundraising expenses
$136,264
Program service expenses (Part III)
$152,263

Program services were 26.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $526,626

  • 3 · Investment income

    total $0 · unrelated business $0 · excluded $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $97,000 · program services $97,000

  • 2 · Grants to domestic individuals

    total $55,263 · program services $55,263

  • 11a · Fees: management

    total $80,000 · program services $0 · management and general $80,000 · fundraising $0

  • 11c · Fees: accounting

    total $3,076 · program services $0 · management and general $3,076 · fundraising $0

  • 11g · Fees: other

    total $214,596 · program services $0 · management and general $78,332 · fundraising $136,264

  • 12 · Advertising and promotion

    total $36,521 · program services $0 · management and general $36,521 · fundraising $0

  • 13 · Office expenses

    total $13,307 · program services $0 · management and general $13,307 · fundraising $0

  • 17 · Travel

    total $70,832 · program services $0 · management and general $70,832 · fundraising $0

  • 20 · Interest

    total $4,513 · program services $0 · management and general $4,513 · fundraising $0

  • 23 · Insurance

    total $2,201 · program services $0 · management and general $2,201 · fundraising $0

  • 24a · Other expenses: BANK CHARGES

    total $10 · program services $0 · management and general $10 · fundraising $0

  • 24b · Other expenses: DUES

    total $5,849 · program services $0 · management and general $5,849 · fundraising $0

  • 24c · Other expenses: TAXES & LICENSES

    total $41 · program services $0 · management and general $41 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $218,938 · end of year $170,354

  • 15 · Other assets

    beginning of year $748 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $7,252

  • 31 · Retained earnings, endowment or other funds

    beginning of year $219,686 · end of year $163,102

Mission and programs · 2022

Mission

PROVIDING IMMEDIATE FINANCIAL ASSISTANCE FOR BOTH ACTIVE AND NON-ACTIVE DUTY MILITARY AND FAMILIES IN NEED

  • SCHEDULE ATTACHED WE GIVE AS MUCH MONEY AND ITEMS TO MILITARY FAMILIES IN NEED AS WE POSSIBLY CAN AT ALL TIMES

    Expenses $152,263 · Grants $152,263 · Revenue $526,626

As filed on the 2022 return.

Listed in Part VII

  • Michael E Thornton

    PRESIDENT

    Total calculated
    $0
    Hours/week
    30

  • Connie S Boucher

    VICE PRESIDENT

    Total calculated
    $80,000
    From this org
    $80,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    30

  • John Peter Lynch

    SECRETARY

    Total calculated
    $0
    Hours/week
    8

  • Todd J Seniff

    OFFICER

    Total calculated
    $0
    Hours/week
    8

  • Joseph Robert Kerry

    OFFICER

    Total calculated
    $0
    Hours/week
    8

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2022
Filed
4 October 2023
IRS schema version
2022v5.0
Source object
202342999349301984

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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