Thornston Educational Fund
- Assets
- $7.2m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 9
- Location
- Wrightwood, CA
- Founding
- 05/2003
- Data as of
- 12/2021
- 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 12/2021, 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 12/2021, Thornston Educational Fund generated $5.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $4.3m during the year ending 12/2021. While expenses have increased by 2.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
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 |
|---|---|---|---|
D Wood President | OfficerTrustee | 40 | $159,000 |
T Wendling Board Chair | Trustee | 0.5 | $0 |
L Nagle Board Member/secretary | OfficerTrustee | 0.25 | $0 |
P Foxwell Board Member | Trustee | 0.25 | $0 |
B Manthei Board Member | Trustee | 0.25 | $0 |
R Mann 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 | $5,801,158 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,801,158 |
| Total Program Service Revenue | $0 |
| Investment income | $34,376 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,835,534 |
| 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. | $303,978 |
| Compensation of current officers, directors, key employees. | $142,498 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $503,366 |
| Pension plan accruals and contributions | $48,993 |
| Other employee benefits | $49,201 |
| Payroll taxes | $56,972 |
| 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 | $91,141 |
| Advertising and promotion | $0 |
| Office expenses | $16,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $374,930 |
| Travel | $7,665 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,566 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,779 |
| Insurance | $12,230 |
| All other expenses | $0 |
| Total functional expenses | $4,335,215 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,237,089 |
| Savings and temporary cash investments | $53,106 |
| 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 | $43,718 |
| Net Land, buildings, and equipment | $453,663 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,431,917 |
| Total assets | $7,219,493 |
| Accounts payable and accrued expenses | $79,198 |
| 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 | $79,198 |
| Net assets without donor restrictions | $7,140,295 |
| Net assets with donor restrictions | $0 |
| 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 | $7,219,493 |
Grants Recieved
Over the last fiscal year, we have identified 14 grants that Thornston Educational Fund has recieved totaling $2,126,355.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: EVANGELISM | $969,900 |
Christian Community Foundation Inc Colorado Springs, CO PURPOSE: GENERAL SUPPORT | $450,000 |
The Harry J Lloyd Charitable Trust Overland Park, KS PURPOSE: EVANGELISM | $200,000 |
Nelson Family Foundation Inc Prescott, WI PURPOSE: EDUCATIONAL ORGANIZATION - GENERAL FUND | $100,000 |
Thrivent Financial For Lutherans Minneapolis, MN PURPOSE: General Support | $91,159 |
Christian Community Foundation Of Memphis And The Mid-South Inc Memphis, TN PURPOSE: PROGRAM SUPPORT | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Provenance Duarte, CA | $16,793,106 | $20,000,682 |
Spark Sf Public Schools San Francisco, CA | $15,254,604 | $27,199,561 |
Great Public Schools Now Los Angeles, CA | $20,013,399 | $15,067,311 |
Institute For Supply Management Inc Tempe, AZ | $18,812,365 | $12,909,076 |
Gladstone Foundation San Francisco, CA | $27,923,141 | $22,078,581 |
George Lucas Educational Foundation San Rafael, CA | $6,425,809 | $14,665,129 |
The Parasol Tahoe Community Foundation Inc Incline Village, NV | $97,913,034 | $15,633,796 |
Davidson Institute For Talent Development Incline Village, NV | $2,040,449 | $8,109,259 |
Pueblo Nuevo Education And Development Group Los Angeles, CA | $12,032,883 | $8,677,303 |
Silicon Schools Fund Inc Oakland, CA | $28,590,142 | $9,890,035 |
Alliance College-Ready Public Schools Foundation Los Angeles, CA | $1,948,564 | $6,883,984 |
Stem Next Opportunity Fund San Diego, CA | $10,305,213 | $10,913,896 |