Charitable Fund Of Michael W Thorne
- Assets
- $165.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Long Branch, NJ
- Founding
- 06/2006
- Data as of
- 12/2021
- EIN
- 20-4463768
Organization Overview
Charitable Fund Of Michael W Thorne is located in West Long Branch, NJ. The organization was established in 2006. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Charitable Fund Of Michael W Thorne 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 12/2021, Charitable Fund Of Michael W Thorne generated $11.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $8.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (17.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $550 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,210 |
| Gain or Loss | $6,762 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $11,522 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,228 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $5,765 |
| Total expenses | $7,993 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $165,125 |
| Other assets | $0 |
| Total assets | $165,125 |
| Total liabilities | $0 |
| Net assets or fund balances | $165,125 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Charitable Fund Of Michael W Thorne has recieved totaling $250.
| Awarding Organization | Amount |
|---|---|
Ansell Zaro Grimm & Aaronfoundation Ocean Township, NJ PURPOSE: UNRESTRICTED | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Community Foundation For The Greater Capital Region Inc Albany, NY | $120,227,075 | $24,885,752 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |
York County Community Foundation York, PA | $208,424,639 | $17,313,520 |
Chester County Community Foundation Inc West Chester, PA | $86,163,241 | $21,195,715 |
Adirondack Foundation Lake Placid, NY | $81,334,603 | $18,009,853 |
Lehigh Valley Community Foundation Allentown, PA | $80,747,413 | $16,923,036 |
Rossin Foundation Pittsburgh, PA | $44,448,122 | $6,161,535 |
New York City Partnership Foundation Inc New York, NY | $45,208,462 | $5,342,641 |
First Community Foundation Partnership Of Pennsylvania Williamsport, PA | $133,727,811 | $24,687,801 |
Westchester Community College Foundation Inc Valhalla, NY | $61,692,109 | $7,530,233 |
Youngstown Foundation Pittsburgh, PA | $152,598,789 | $13,572,418 |
Scranton Area Foundation Inc Scranton, PA | $60,897,206 | $12,395,433 |