Charitable Fund Of Michael W Thorne
- Assets
- $157.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- West Long Branch, NJ
- Founding
- 06/2006
- Data as of
- 12/2023
- 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 12/2023, Charitable Fund Of Michael W Thorne generated $20.9k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.4% each year. All expenses for the organization totaled $5.9k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
SCHOLARSHIP AWARDS TO LOCAL STUDENTS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $176 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $4,645 |
| Gain or Loss | $16,126 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $20,947 |
| 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 | $1,640 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $4,263 |
| Total expenses | $5,903 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $157,801 |
| Other assets | $0 |
| Total assets | $157,801 |
| Total liabilities | $0 |
| Net assets or fund balances | $157,801 |