Thomas More Scholarship Fund Inc
- Assets
- $1.8m
- Revenue
- $165.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 09/1986
- Data as of
- 07/2022
- EIN
- 52-1467451
Organization Overview
Thomas More Scholarship Fund Inc, operating under the name Thomas More Project, is located in Baltimore, MD. The organization was established in 1986. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Thomas More Project 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 07/2022, Thomas More Project generated $165.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $96.9k during the year ending 07/2022. While expenses have increased by 5.3% 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.
Since 2020, Thomas More Project has awarded 24 individual grants totaling $262,737. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE THOMAS MORE PROJECT PROVIDES EDUCATIONAL OPPORTUNITY TO NEEDY CHILDREN BY FUNDING SCHOLARSHIPS, CREATING AND FUNDING INNOVATIVE EDUCATIONAL PROGRAMS, AND SUPPORTING THE FINE ARTS AT CATHOLIC EDUCATIONAL INSTITUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED GRANT PAYMENTS TO 11 CATHOLIC SCHOOLS FOR TUITION BENEFITTING 16 CHILDREN.
MADE GRANTS TO SUPPORT JEWISH STUDIES TEACHER POSITIONS AT CATHOLIC SCHOOLS. IN THIS YEAR, WE INVESTIGATED OPTIONS FOR CONTINUING THE PROGRAM AFTER THE PARTICIPATING SCHOOL CANCELLED ITS JEWISH STUDIES PROGRAM.
MADE GRANTS TO SUPPORT FINE ARTS PROGRAMS AT CATHOLIC EDUCATIONAL INSTITUTIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Tomlinson Secretary/treasurer | OfficerTrustee | 10 | $0 |
Louis Mercorella President | OfficerTrustee | 15 | $0 |
Willa Bickham Vice President | OfficerTrustee | 1 | $0 |
Patricia Rogucki Board Member | Trustee | 1 | $0 |
Courtney Petersen Board Member | 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 | $45,180 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $45,180 |
| Total Program Service Revenue | $0 |
| Investment income | $27,771 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $92,133 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $165,084 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,160 |
| 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 | $10,788 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $96,948 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $599,749 |
| 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 | $0 |
| Investments—publicly traded securities | $1,185,121 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,784,870 |
| 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 | $1,784,870 |
| 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 | $1,784,870 |
Grants Awarded
Over the last fiscal year, Thomas More Scholarship Fund Inc has awarded $56,450 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Baltimore, MD PURPOSE: Scholarship and program assistance | $36,150 |
Brooklyn, NY PURPOSE: Scholarship assistance | $15,000 |
Baltimore, MD PURPOSE: Scholarship assistance | $5,300 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Thomas More Scholarship Fund Inc has recieved totaling $35.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $35 |
Endowment Analysis
| Beg. Balance | $1,905,755 |
| Earnings | -$174,393 |
| Admin Expense | $10,788 |
| Net Contributions | $98,500 |
| Grants | $86,160 |
| Ending Balance | $1,732,914 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
East Side Charter School Of Wilmington Inc Wilmington, DE | $9,042,787 | $7,810,738 |
National Association Of Student Financial Aid Administrators Washington, DC | $22,189,727 | $10,008,615 |
Cobell Board Of Trustees Washington, DC | $177,171,131 | $17,842,265 |
National Consortium For Graduate Dgrs Minorities In Engineering Alexandria, VA | $15,486,907 | $10,356,249 |
Lola G Duff & William Duff Ii Scholarship Fund Pittsburgh, PA | $108,136,539 | $9,727,539 |
Independence Foundation Philadelphia, PA | $78,719,217 | $2,815,934 |
Maryland Philanthropy Network Inc Baltimore, MD | $5,808,264 | $5,920,100 |
Student Freedom Initiative Inc Washington, DC | $132,770,538 | $15,285,825 |
Meor Inc Silver Spring, MD | $283,304 | $5,067,456 |
Henrico Education Foundation Incorporated Henrico, VA | $1,910,582 | $5,313,927 |
Access College Foundation Norfolk, VA | $62,526,055 | $4,039,611 |
Addison Gibson Foundation Pittsburgh, PA | $46,529,076 | $11,633,912 |