Saint Thomas More Endowment And Development Fund Inc
- Assets
- $8.1m
- Revenue
- $176.0
- Investments
- $0.0
- Employees
- 0
- Location
- Oakdale, CT
- Founding
- 12/1999
- Data as of
- 08/2022
- EIN
- 06-1549772
Organization Overview
Saint Thomas More Endowment And Development Fund Inc is located in Oakdale, CT. The organization was established in 1999. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Saint Thomas More Endowment And Development Fund 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 08/2022, Saint Thomas More Endowment And Development Fund Inc generated $176.0 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 (70.9%) each year. All expenses for the organization totaled $369.4k during the year ending 08/2022. 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
SAINT THOMAS MORE ENDOWMENT AND DEVELOPMENT FUND, INC., A NON-PROFIT ORGANIZATION, ORGANIZED TO HOLD AND MAINTAIN THE FIXED ASSETS AND INVESTMENTS FOR THE BENEFIT OF SAINT THOMAS MORE SCHOOL, INC., OR ONE OR MORE OTHER ORGANIZATIONS DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2) OF THE INTERNAL REVENUE CODE. THE MISSION AND PURPOSES OF THE CORPORATION ARE AS FOLLOWS: TO PROTECT AND PRESERVE THE ASSETS ENTRUSTED TO ITS KEEPING FOR THE ST. THOMAS MORE SCHOOL; TO INVESTIGATE, CHOOSE AND EMPLOY INVESTMENT ADVISORS AND COUNSELORS AND FINANCIAL PLANNERS TO PROVIDE FOR THE CONSERVATION, ORDERLY GROWTH, AND ACCUMULATION OF THE ENDOWMENT FUND; TO INVESTIGATE, DEVISE AND DEVELOP, FUND AND PROMOTE SCHOLARSHIPS FOR STUDENTS OF ST. THOMAS MORE SCHOOL AS IT DEEMS APPROPRIATE; TO FOSTER AND PROMOTE DEVELOPMENT ACTIVITIES; AND TO PRESERVE AND PROTECT ST. THOMAS MORE SCHOOL AND TO TRANSFER FUNDS AS IT DEEMS NECESSARY AND ADVISABLE TO PROMOTE THE MISSION, GOALS, AND OPERATION OF ST. THOMAS MORE SCHOOL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONPROFIT ORGANIZATION FORMED TO HOLD AND MAINTAIN THE FIXED ASSETS AND INVESTMENTS FOR THE BENEFIT OF ST. THOMAS MORE SCHOOL, INC., OR ONE OR MORE OTHER ORGANIZATIONS DESCRIBED IN SECTION 509(A)(1) OR 509(A)(2). THE MISSION AND PURPOSES OF THE CORPORATION ARE TO PROTECT AND PRESERVE THE ASSETS ENTRUSTED TO ITS KEEPING FOR THE ST. THOMAS MORE SCHOOL; TO INVESTIGATE, CHOOSE AND EMPLOY INVESTMENT ADVISORS AND COUNSELORS AND FINANCIAL PLANNERS TO PROVIDE FOR THE CONSERVATION, ORDERLY GROWTH AND ACCUMULATION OF THE ENDOWMENT FUND; TO INVESTIGATE, DEVISE AND DEVELOP, FUND AND PROMOTE SCHOLARSHIPS FOR STUDENTS OF ST. THOMAS MORE SCHOOL AS IT DEEMS APPROPRIATE; TO FOSTER AND PROMOTE DEVELOPMENT ACTIVITIES; AND TO PRESERVE AND PROTECT ST. THOMAS MORE SCHOOL AND TO TRANSFER FUNDS AS IT DEEMS NECESSARY AND ADVISABLE TO PROMOTE THE MISSION, GOALS, AND OPERATIONS OF ST. THOMAS MORE SCHOOL.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark E Block Director | OfficerTrustee | 1 | $0 |
Francis D Robinson President | OfficerTrustee | 1 | $0 |
James Hanrahan Jr Secretary/treas | OfficerTrustee | 1 | $0 |
Thomas Dwyer Director | Trustee | 1 | $0 |
Timothy Ashburner Director | Trustee | 1 | $0 |
Dr Peter Molloy Director | 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 | $176 |
| 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 | $176 |
| 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 | $5,000 |
| 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 | $205 |
| 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 | $55,000 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $309,199 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $369,404 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $926,922 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,130,000 |
| 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 | $6,004,661 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3 |
| Total assets | $8,061,586 |
| 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 | $550,000 |
| Other liabilities | $0 |
| Total liabilities | $550,000 |
| Net assets without donor restrictions | $7,448,736 |
| Net assets with donor restrictions | $62,850 |
| 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 | $8,061,586 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Saint Thomas More Endowment And Development Fund Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
United Jewish Foundation Bloomfield Hills, MI PURPOSE: TO SUPPORT EDUCATION | $50,000 |
Endowment Analysis
| Beg. Balance | $158,547 |
| Ending Balance | $158,547 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hansjorg Wyss Institute For Biologically Inspired Engineering Boston, MA | $178,608,152 | $47,853,271 |
Stony Brook Foundation Inc Stony Brook, NY | $732,698,663 | $129,247,386 |
University Of Connecticut Foundation Incorporated Storrs, CT | $744,628,423 | $150,826,250 |
University At Buffalo Foundation Inc Buffalo, NY | $1,104,161,290 | $45,943,366 |
Americans For Ben-Gurion University Inc New York, NY | $873,598,749 | $105,090,161 |
Trustees For Harvard University Cambridge, MA | $1,524,141,919 | $57,204,982 |
The University Of Rhode Island Foundation & Alumni Engagement Kingston, RI | $283,152,721 | $40,864,874 |
Anderson Center Services Inc Staatsburg, NY | $47,866,926 | $36,341,767 |
Harvard Private Capital Realty Inc Boston, MA | $2,527,458,180 | $415,073,812 |
Faculty-Student Assoc Of State University Of Ny At Stony Brook Stony Brook, NY | $54,956,974 | $31,334,535 |
University Of Massachusetts Foundation Inc Boston, MA | $842,030,994 | $57,111,837 |
Advanced Functional Fabrics Of America Inc Cambridge, MA | $14,465,650 | $24,588,104 |