Thompson Island Education Center Inc
- Assets
- $7.2m
- Revenue
- $168.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Boston, MA
- Founding
- 05/1951
- Data as of
- 12/2021
- EIN
- 04-2104062
Organization Overview
Thompson Island Education Center Inc is located in Boston, MA. The organization was established in 1951. According to its NTEE Classification (C60) the organization is classified as: Environmental Education, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thompson Island Education Center Inc 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, Thompson Island Education Center Inc generated $168.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.4% each year. All expenses for the organization totaled $139.3k during the year ending 12/2021. 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
TO PROVIDE FACILITIES IN SUPPORT OF THOMPSON ISLAND OUTWARD BOUND EDUCATION CENTER, INC. (AN AFFILATED EXEMPT ORGANIZATION) WHOSE PRIMARY PURPOSE IS TO PROVIDE INDIVIDUALS (PRINCIPALLY EARLY ADOLESCENTS) WITH ADVENTUROUS AND CHALLENGING EXPERIENTIAL LEARNING PROGRAMS THAT INSPIRE CHARACTER DEVELOPMENT AND COMPASSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FACILITIES IN SUPPORT OF VARIOUS OUTWARD BOUND YOUTH AND PROFESSIONAL PROGRAM EVENTS AND CONFERENCES RUN BY THOMPSON OUTWARD BOUND EDUCATION CENTER, INC.
PROVIDE FACILITIES IN SUPPORT OF VARIOUS OUTWARD BOUND YOUTH AND PROFESSIONAL PROGRAM EVENTS AND CONFERENCES RUN BY THOMPSON ISLAND OUTWARD BOUND EDUCATION CENTER, INC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arthur N Pearson President | OfficerTrustee | 5 | $0 |
Gordon R Penman Secretary/dir. | OfficerTrustee | 1 | $0 |
Mark Keating Chairman | OfficerTrustee | 1 | $0 |
Mossik Hacobian Trustee | Trustee | 1 | $0 |
Charles S Willauer Trustee | Trustee | 1 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $168,771 |
| 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 | $168,771 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $139,338 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $139,338 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,398,606 |
| Investments—publicly traded securities | $3,756,367 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,154,973 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $1,021,574 |
| Net assets with donor restrictions | $6,133,399 |
| 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 | $7,154,973 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thompson Island Education Center Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
John And Dorothy Magee Foundation Concord, MA PURPOSE: TO FURTHER THE OBJECTIVES OF THE RECIPIENT ORGANIZATION. | $5,000 |
Endowment Analysis
| Beg. Balance | $4,979,596 |
| Other Expense | $1,223,229 |
| Ending Balance | $3,756,367 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Appalachian Mountain Club Boston, MA | $209,341,771 | $39,035,407 |
Cdp North America Inc New York, NY | $33,043,858 | $35,828,788 |
We Mean Business Coalition Inc New York, NY | $24,084,041 | $31,828,485 |
Shelburne Farms Shelburne, VT | $67,255,924 | $17,576,538 |
New York City Outward Bound Center Inc Long Island City, NY | $12,099,741 | $5,496,519 |
Thompson Island Outward Bound Education Center Inc Boston, MA | $13,376,568 | $5,176,529 |
Climate Jobs National Resource Center Inc New York, NY | $4,647,680 | $5,515,111 |
Coalition For Rainforest Nations Secretariat New York, NY | $10,118,420 | $9,603,902 |
Adirondack Mountain Club Inc Queensbury, NY | $6,654,615 | $4,843,206 |
Boston Harbor Now Inc Boston, MA | $4,066,521 | $5,208,606 |
Outward Bound Inc Lagrangeville, NY | $11,663,837 | $5,933,839 |
Earthplace The Nature Discovery Center Inc Westport, CT | $3,617,059 | $3,825,424 |