Thanks Usa
- Assets
- $789.4k
- Revenue
- $658.5k
- Investments
- $459.9k
- Employees
- 4
- Location
- Mclean, VA
- Founding
- 01/2006
- Data as of
- 12/2019
- EIN
- 20-3973151
Organization Overview
Thanks Usa is located in Mclean, VA. The organization was established in 2006. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 12/2019, Thanks USA employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thanks USA is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2019, Thanks USA generated $658.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.3%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2019. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2019
Describe the Organization's Mission:
Part 3 - Line 1
THANKS U.S.A. MOBILIZES AMERICANS OF ALL AGES TO "THANK" THE MEN AND WOMEN OF THE UNITED STATES ARMED FORCES BY PROVIDING FINANCIAL NEED-BASED COLLEGE, TECHNICAL, AND VOCATIONAL SCHOOL SCHOLARSHIPS AND PATHWAYS TO MEANINGFUL EMPLOYMENT FOR THEIR SPOUSES AND COLLEGE-AGED CHILDREN.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP PROGRAM - IN 2019, 199 SCHOLARSHIPS WERE AWARDED, BRINGING THE TOTAL SINCE 2006 TO MORE THAN 4,500 SCHOLARSHIPS VALUED AT APPROXIMATELY $14 MILLION. RECIPIENTS COME FROM EACH OF THE 50 STATES AND THE DISTRICT OF COLUMBIA, AND REPRESENT ALL MILITARY BRANCHES INCLUDING THE GUARD AND RESERVES, WITH PREFERENCE GIVEN TO FAMILIES OF THE FALLEN AND WOUNDED. INCLUDED IN THE 199 SCHOLARSHIPS, ARE IN-KIND SCHOLARSHIPS RECEIVED AND AWARDED BY THANKS U.S.A. VALUED AT $270,540. THANKS U.S.A. ALSO MAINTAINED PATHWAYS FOR PATRIOTS, A PROGRAMMATIC EXPANSION THAT CONNECTS OUR SCHOLARSHIP APPLICANTS AND THE CORPORATE COMMUNITY TO HELP BRIDGE THE GAP BETWEEN EDUCATION AND MEANINGFUL EMPLOYMENT. WE DO THAT BY FACILITATING NETWORKING, MENTORING, AND INTERNSHIP OPPORTUNITIES BETWEEN OUR SCHOLARS AND SPONSORS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jon Rosa President | Officer | 50 | $190,000 |
Michele Stork Executive Director Thru 2/19 | Officer | 50 | $38,843 |
Carolyn Ferek Secretary | OfficerTrustee | 4 | $0 |
Honorable B Robert Okun Chairman | OfficerTrustee | 6 | $0 |
Patricia St George Treasurer | OfficerTrustee | 3 | $0 |
Alexander Ehrlich Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $311,517 |
| Related organizations | $0 |
| Government grants | $86,404 |
| All other contributions, gifts, grants, and similar amounts not included above | $439,570 |
| Noncash contributions included in lines 1a–1f | $34,700 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $837,491 |
| Total Program Service Revenue | $0 |
| Investment income | $2,993 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$182,020 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $658,464 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $544,697 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $231,743 |
| Compensation of current officers, directors, key employees. | $20,857 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $171,988 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,700 |
| Payroll taxes | $28,425 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $23,425 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $605 |
| Fees for services: Other | $99,340 |
| Advertising and promotion | $0 |
| Office expenses | $6,743 |
| Information technology | $13,866 |
| Royalties | $0 |
| Occupancy | $176 |
| Travel | $9,037 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $183,205 |
| Interest | $2,671 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,672 |
| All other expenses | $0 |
| Total functional expenses | $1,373,033 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,790 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $154,155 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $22,080 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $459,885 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $24,500 |
| Total assets | $789,410 |
| Accounts payable and accrued expenses | $352,467 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $269,215 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $621,682 |
| Net assets without donor restrictions | -$175,329 |
| Net assets with donor restrictions | $343,057 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $789,410 |
Grants Recieved
Over the last fiscal year, we have identified 11 grants that Thanks Usa has recieved totaling $133,915.
| Awarding Organization | Amount |
|---|---|
Kovner Foundation Jupiter, FL PURPOSE: EDUCATION | $45,000 |
Davis Elkins Foundation Ua 09202013 Detroit, MI PURPOSE: SUPPORT OF DAILY ACTIVITIES | $25,000 |
Monster Energy Cares Corona, CA PURPOSE: CASH DONATION FOR FUNDRAISING | $25,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $16,945 |
Edith Dee Green Charitable Tr C Wilmington, DE PURPOSE: PROVIDE SCHOLARSHIPS TO | $10,000 |
Others First Inc Rochester Hills, MI | | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |
Marine Corps Scholarship Foundation Inc Alexandria, VA | $149,128,193 | $34,285,716 |
Children Of Fallen Patriots Foundation Reston, VA | $18,264,760 | $13,060,746 |
District Of Columbia College Access Program Washington, DC | $105,959,870 | $18,161,486 |
The Hartwell Foundation Corporation Memphis, TN | $88,595,532 | $17,280,759 |
Asian And Pacific Islander American Scholarship Fund Washington, DC | $37,686,826 | $13,616,717 |
Morehead Cain Foundation Chapel Hill, NC | $0 | $13,275,596 |
Education Foundation Scholarship Endowment Trust Chapel Hill, NC | $389,903,195 | $25,351,334 |