TRUSTEES OF THORNTON ACADEMY Charity Report

Public IRS 990 nonprofit record

TRUSTEES OF THORNTON ACADEMY

EIN 01-0224769 · Education (B25Z)

What they do

THORNTON ACADEMY PREPARES STUDENTS for A CHANGING WORLD, CHALLENGING ALL to LEARN, GROW, INNOVATE and SUCCEED THROUGH A GRADE 6-12 PRIVATE SCHOOL, INCLUDING BOARDING PROGRAM.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders22 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

85.41%of revenue went to mission work94.7% of expenses · Program services

1.15%of revenue went to fundraising1.3% of expenses

$90.16spent for every $100 of revenueRevenue covered expenses this year.

3.60%of revenue went to management and office costs4.0% of expenses

$2.03in assets for every $1 spent this yearSome assets cannot be spent right away.

1.5%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $308,613 for RENE MENARD (HEADMASTER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$35,329,067

Mission workProgram services$30,174,65685.41% of revenue94.7% of expenses

ManagementOffice and general costs$1,271,1673.60% of revenue4.0% of expenses

FundraisingAsking for donations$406,4411.15% of revenue1.3% of expenses

Revenue left after expensesReported annual surplus$3,476,8039.84% of revenueShown in gray on the chart

Total expenses$31,852,26490.16% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 94.7% mission · 4.0% management · 1.3% fundraisingTotal expenses: 90.16% of revenue

2023Expense mix: 94.5% mission · 4.3% management · 1.2% fundraisingTotal expenses: 89.57% of revenue

2022Expense mix: 94.9% mission · 3.7% management · 1.4% fundraisingTotal expenses: 91.28% of revenue

2021Expense mix: 93.9% mission · 4.8% management · 1.3% fundraisingTotal expenses: 97.13% of revenue

2020Expense mix: 95.1% mission · 3.8% management · 1.2% fundraisingTotal expenses: 82.31% of revenue

2019Expense mix: 95.1% mission · 4.1% management · 0.8% fundraisingTotal expenses: 96.59% of revenue

2018Expense mix: 93.8% mission · 4.4% management · 1.8% fundraisingTotal expenses: 95.61% of revenue

2017Expense mix: 95.5% mission · 2.6% management · 1.8% fundraisingTotal expenses: 89.34% of revenue

Money in and money out

Revenue$35,329,067

Expenses$31,852,264

Annual surplus $3,476,803 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$30,174,656 · 94.7% of expenses

Management and office costs$1,271,167 · 4.0% of expenses

Fundraising$406,441 · 1.3% of expenses

See all reported dollar amounts

Revenue$35,329,067

Expenses$31,852,264

Assets$64,716,173

Income$35,394,497

Contributions$529,596

Mission work (program services)$30,174,656

Fundraising$406,441

Management and general$1,271,167

Stocks and bonds$13,495,122

Accounting fees$24,150

Investing fees$65,849

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

RENE MENARDHEADMASTER · 40 hrs/week $308,613Base $293,912 · Other $14,701

CAROL TARANKOASSOCIATE HO · 40 hrs/week $175,218Base $141,085 · Other $34,133

CLINT M WILLIAMSDIR. OF ENRO · 40 hrs/week $168,775Base $140,948 · Other $27,827

ANN MARIE SWENSONCFO · 40 hrs/week $155,689Base $153,891 · Other $1,798

BENJAMIN B NASSEDIR. OF TECH · 40 hrs/week $148,901Base $121,074 · Other $27,827

MATTHEW COOKDIR. OF FACI · 40 hrs/week $134,287Base $121,800 · Other $12,487

CATHERINE HARTMAN PARADISDIR. OF RES. · 40 hrs/week $120,378Base $115,569 · Other $4,809

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (22)

RENE MENARDHEADMASTER

CAROL TARANKOASSOCIATE HO

CLINT M WILLIAMSDIR. OF ENRO

ANN MARIE SWENSONCFO

BENJAMIN B NASSEDIR. OF TECH

MATTHEW COOKDIR. OF FACI

CATHERINE HARTMAN PARADISDIR. OF RES.

VANGEL COTSISSECRETARY/TR

ANGELA BOLDUCTRUSTEE

TIM MURPHYTRUSTEE

RON SCHNEIDERTRUSTEE

ROBERT GOWENTRUSTEE

PHILIP FEARONASST. TREASU

PEGGY ONEILVICE PRESIDE

PAULA SCULLYTRUSTEE

PAUL REMMESTRUSTEE

MARK WILLETTTRUSTEE

KRISTINE DELANOTRUSTEE

KIRK PURVISTRUSTEE

JOEL LEVESQUETRUSTEE

ERIC PURVISPRESIDENT

BERNARD GAINESTRUSTEE

About this charity

Recognized since: January 1951
Location: 438 MAIN ST, SACO, ME 04072-1565
County: York
In care of: ERIC PURVIS
Primary officer: ERIC PURVIS, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Phone(207) 282-3361

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: RUNYON KERSTEEN OUELLETTE
NTEE classification: Education (B25Z)