Totals
- Total revenue
- $33,117,795
- Total expenses
- $30,229,155
- Contributions and grants received
- $708,584
- Grants paid
- $3,070,718
- Program service revenue
- $31,520,458
- Investment income
- $752,821
- Other revenue
- $135,932
- Total assets, end of year
- $59,395,279
- Total liabilities, end of year
- $22,798,490
- Net assets or fund balances, end of year
- $36,596,789
- Program services expenses (Part IX)
- $28,699,355
- Management and general expenses
- $1,119,189
- Fundraising expenses
- $410,611
- Program service expenses (Part III)
- $28,699,355
Program services were 94.9% 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.
-
1c · Fundraising events
$49,726
-
1e · Government grants (contributions)
$119,700
-
1f · All other contributions, gifts and grants
$539,158
-
1g · Noncash contributions included above
$49,726
-
2a · Program service revenue: TUITION
total $29,675,665 · related or exempt $29,675,665
-
2b · Program service revenue: MISCELLANEOUS
total $805,548 · related or exempt $805,548
-
2c · Program service revenue: STUDENT MEAL PROGRAM
total $652,795 · related or exempt $652,795
-
2d · Program service revenue: STUDENT INSURANCE
total $386,450 · related or exempt $386,450
-
3 · Investment income
total $609,434 · excluded $609,434
-
6a · Gross rents
real property $5,942
-
6c · Rental income or loss
real property $5,942
-
6d · Net rental income or loss
total $5,942 · excluded $5,942
-
7a · Gross sales of assets other than inventory
other assets $906,569
-
7b · Less cost or other basis and sales expenses
other assets $763,182
-
7c · Gain or loss
other assets $143,387
-
7d · Net gain or loss
total $143,387 · excluded $143,387
-
8a · Fundraising events: gross income
$98,125
-
8a · Fundraising events: contributions included on line 1c
$49,726
-
8b · Fundraising events: direct expenses
$67,609
-
8c · Net income from fundraising events
total $30,516 · excluded $30,516
-
11a · Other revenue: IRS REVENUES
total $99,474 · related or exempt $99,474
-
11e · Other revenue, total
$99,474
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $3,070,718 · program services $3,070,718
-
5 · Compensation of officers, directors and key employees
total $418,587 · program services $393,471 · management and general $20,930 · fundraising $4,186
-
7 · Other salaries and wages
total $12,050,428 · program services $11,249,111 · management and general $556,650 · fundraising $244,667
-
8 · Pension plan contributions
total $458,772 · program services $445,831 · management and general $8,827 · fundraising $4,114
-
9 · Other employee benefits
total $3,299,406 · program services $3,204,228 · management and general $65,525 · fundraising $29,653
-
10 · Payroll taxes
total $913,347 · program services $850,564 · management and general $43,721 · fundraising $19,062
-
11b · Fees: legal
total $104,565 · management and general $104,565
-
11c · Fees: accounting
total $22,250 · management and general $22,250
-
11f · Fees: investment management
total $92,129 · management and general $92,129
-
11g · Fees: other
total $1,486,252 · program services $1,326,459 · management and general $157,318 · fundraising $2,475
-
12 · Advertising and promotion
total $75,400 · program services $69,814 · fundraising $5,586
-
13 · Office expenses
total $206,812 · program services $151,846 · management and general $12,398 · fundraising $42,568
-
17 · Travel
total $96,719 · program services $86,815 · management and general $9,695 · fundraising $209
-
19 · Conferences, conventions and meetings
total $112,994 · program services $112,889 · management and general $105
-
20 · Interest
total $610,075 · program services $610,075
-
22 · Depreciation, depletion and amortization
total $1,737,451 · program services $1,737,451
-
23 · Insurance
total $515,588 · program services $513,703 · management and general $1,284 · fundraising $601
-
24a · Other expenses: CAMPUS MEAL PROGRAM
total $1,920,613 · program services $1,920,613
-
24b · Other expenses: OTHER PROGRAM EXPENSE
total $917,427 · program services $899,111 · fundraising $18,316
-
24c · Other expenses: MAINT., SUPPLIES, & EQUIP
total $889,196 · program services $889,196
-
24d · Other expenses: UTILITIES
total $733,974 · program services $733,974
-
24e · All other expenses
total $496,452 · program services $433,486 · management and general $23,792 · fundraising $39,174
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $625 · end of year $4,959,294
-
2 · Savings and temporary cash investments
beginning of year $7,929,036 · end of year $7,589,138
-
3 · Pledges and grants receivable
beginning of year $1,474,914 · end of year $255,626
-
4 · Accounts receivable
beginning of year $379,306 · end of year $93,503
-
10a · Land, buildings and equipment: cost or other basis
$54,231,602
-
10b · Land, buildings and equipment: accumulated depreciation
$26,272,081
-
10c · Land, buildings and equipment, net
beginning of year $28,232,742 · end of year $27,959,521
-
11 · Investments: publicly traded securities
beginning of year $17,646,809 · end of year $18,128,796
-
15 · Other assets
beginning of year $726,225 · end of year $409,401
-
17 · Accounts payable and accrued expenses
beginning of year $2,941,618 · end of year $2,775,038
-
19 · Deferred revenue
beginning of year $2,735,501 · end of year $3,057,273
-
20 · Tax-exempt bond liabilities
beginning of year $17,470,109 · end of year $16,246,681
-
23 · Secured mortgages and notes payable
beginning of year $321,381 · end of year $310,097
-
25 · Other liabilities
end of year $409,401
-
27 · Net assets without donor restrictions
beginning of year $25,355,759 · end of year $28,613,465
-
28 · Net assets with donor restrictions
beginning of year $7,565,289 · end of year $7,983,324
Mission and programs · 2022
Mission
THORNTON ACADEMY PREPARES STUDENTS FOR A CHANGING WORLD, CHALLENGING ALL TO LEARN, GROW, INNOVATE AND SUCCEED THROUGH A GRADE 6-12 PRIVATE SCHOOL, INCLUDING BOARDING PROGRAM.
-
PROVIDED GRADE 6-12 PRIVATE SCHOOL EDUCATION. STUDENTS INCLUDE THOSE FROM SENDING MUNICIPALITIES OF SACO, DAYTON AND ARUNDEL, PRIVATE PAY DAY STUDENTS AND INTERNATIONAL BOARDING STUDENTS.
Expenses $28,699,355 · Grants $3,070,718 · Revenue $31,520,458
As filed on the 2022 return.
Listed in Part VII
-
Eric PurvisERIC PURVIS
PRESIDENT
- Total calculated
- $0
- Hours/week
- 6
-
Peggy O'NeilPEGGY O'NEIL
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 6
-
Vangel CotsisVANGEL COTSIS
SECRETARY/TR
- Total calculated
- $0
- Hours/week
- 6
-
Philip FearonPHILIP FEARON
ASSISTANT TR
- Total calculated
- $0
- Hours/week
- 6
-
Angela BolducANGELA BOLDUC
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Roger MilesROGER MILES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Timothy MurphyTIMOTHY MURPHY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Brian DallaireBRIAN DALLAIRE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Kirk PurvisKIRK PURVIS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Bernard GainesBERNARD GAINES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Paul RemmesPAUL REMMES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Robert GowenROBERT GOWEN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Mark WillettMARK WILLETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Nate HowellNATE HOWELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Joel LevesqueJOEL LEVESQUE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 2
-
Rene MenardRENE MENARD
HEADMASTER
- Total calculated
- $265,040
- From this org
- $253,729
- From related orgs
- $0
- Other
- $11,311
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $253,729
- Bonus
- not reported
- Other
- not reported
- Deferred
- $9,647
- Nontaxable benefits
- $1,664
- Filer's total
- $265,040
-
Ann-Marie SwensonANN-MARIE SWENSON
CFO
- Total calculated
- $145,581
- From this org
- $143,917
- From related orgs
- $0
- Other
- $1,664
- Hours/week
- 40
-
Clint WilliamsCLINT WILLIAMS
DIR. OF ENRO
- Total calculated
- $161,373
- From this org
- $134,807
- From related orgs
- $0
- Other
- $26,566
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $134,807
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $26,566
- Filer's total
- $161,373
-
Carol TarankoCAROL TARANKO
ASSOC. HOS
- Total calculated
- $158,079
- From this org
- $126,650
- From related orgs
- $0
- Other
- $31,429
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $126,650
- Bonus
- not reported
- Other
- not reported
- Deferred
- $4,863
- Nontaxable benefits
- $26,566
- Filer's total
- $158,079
-
Benjamin NasseBENJAMIN NASSE
DIR. OF TECH
- Total calculated
- $155,581
- From this org
- $129,015
- From related orgs
- $0
- Other
- $26,566
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $129,015
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $26,566
- Filer's total
- $155,581
-
Kevin KezalKEVIN KEZAL
CLASS DEAN &
- Total calculated
- $136,677
- From this org
- $107,084
- From related orgs
- $0
- Other
- $29,593
- Hours/week
- 40
-
Tiffany RobertTIFFANY ROBERT
MIDDLE SCHOO
- Total calculated
- $130,862
- From this org
- $100,502
- From related orgs
- $0
- Other
- $30,360
- Hours/week
- 40
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- SCHEDULE J, PAGE 1, PART I, LINE 1A
- THE ORGANIZATION PROVIDED HOUSING FOR THE HEADMASTER, RENE MENARD.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 April 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401289349302290
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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