Thornston Educational Fund
- Assets
- $7.6m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 9
- Location
- Wrightwood, CA
- Founding
- 05/2003
- Data as of
- 12/2022
- EIN
- 52-2350466
Organization Overview
Thornston Educational Fund is located in Wrightwood, CA. The organization was established in 2003. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2022, Thornston Educational Fund employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thornston Educational Fund 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 12/2022, Thornston Educational Fund generated $4.3m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDING EDUCATIONAL SCHOLARSHIPS, COMMUNITY SERVICES, AND TRAINING OF LOCAL LEADERS WITHIN THE MARGINALIZED, LOW-INCOME MIGRANT POPULATION FOR SERVICE IN CHINA AND NEARBY COUNTRIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CHINA TRAINING PROGRAMS: PROVIDING EDUCATIONAL SCHOLARSHIPS, COMMUNITY SERVICES, AND TRAINING OF LOCAL LEADERS WITHIN THE MARGINALIZED, LOW-INCOME MIGRANT POPULATION FOR SERVICE IN CHINA AND NEARBY COUNTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T Wendling Board Chair | Trustee | 0.5 | $0 |
B Manthei Board Member | Trustee | 0.25 | $0 |
P Foxwell Board Member | Trustee | 0.25 | $0 |
L Nagle Board Member/secretary | OfficerTrustee | 0.25 | $0 |
R Mann Board Member | Trustee | 0.25 | $0 |
P Van Der Merwe Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,299,327 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,299,327 |
| Total Program Service Revenue | $0 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$228,413 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,297,107 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $292,546 |
| Compensation of current officers, directors, key employees. | $136,924 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $506,530 |
| Pension plan accruals and contributions | $49,799 |
| Other employee benefits | $45,455 |
| Payroll taxes | $62,432 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $28,592 |
| Advertising and promotion | $0 |
| Office expenses | $12,492 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,111 |
| Travel | $17,804 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,053 |
| Insurance | $11,816 |
| All other expenses | $0 |
| Total functional expenses | $3,677,405 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $17,507 |
| Savings and temporary cash investments | $5,270,963 |
| Pledges and grants receivable | $0 |
| 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 | $18,451 |
| Net Land, buildings, and equipment | $346,080 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,941,526 |
| Total assets | $7,594,527 |
| Accounts payable and accrued expenses | $80,693 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $80,693 |
| Net assets without donor restrictions | $7,411,850 |
| Net assets with donor restrictions | $101,984 |
| 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 | $7,594,527 |