THE THOMAS MORE COLLEGE OF LIBERAL ARTS INC Charity Report

Public IRS 990 nonprofit record

THE THOMAS MORE COLLEGE OF LIBERAL ARTS INC

EIN 02-0344073 · Education (B420)

What they do

The Thomas More College of Liberal Arts Was Founded to Provide A Solid Education In The Liberal Arts, A Catholic Education for Students of All Faiths, United In The Quest for What is True, Good, and Beautiful. It Pursues This Mission By Seeking Wisdom and Sharing It Joyfully With The World.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $84.90 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 leaders21 people are listed in the latest report.

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

Money made simple

68.60%of revenue went to mission work84.9% of expenses · Program services

2.70%of revenue went to fundraising3.3% of expenses

$80.79spent for every $100 of revenueRevenue covered expenses this year.

9.49%of revenue went to management and office costs11.7% of expenses

$1.24in assets for every $1 spent this yearSome assets cannot be spent right away.

39.1%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 $228,890 for DR WILLIAM E FAHEY (PRESIDENT). 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$7,978,623

Mission workProgram services$5,473,57368.60% of revenue84.9% of expenses

ManagementOffice and general costs$756,8029.49% of revenue11.7% of expenses

FundraisingAsking for donations$215,7562.70% of revenue3.3% of expenses

Revenue left after expensesReported annual surplus$1,532,49219.21% of revenueShown in gray on the chart

Total expenses$6,446,13180.79% 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: 84.9% mission · 11.7% management · 3.3% fundraisingTotal expenses: 80.79% of revenue

2023Expense mix: 86.2% mission · 10.4% management · 3.4% fundraisingTotal expenses: 96.67% of revenue

2022Expense mix: 85.5% mission · 11.2% management · 3.3% fundraisingTotal expenses: 101.36% of revenue

2021Expense mix: 84.1% mission · 12.3% management · 3.6% fundraisingTotal expenses: 91.84% of revenue

2020Expense mix: 81.4% mission · 14.7% management · 3.9% fundraisingTotal expenses: 83.52% of revenue

2019Expense mix: 83.5% mission · 12.7% management · 3.9% fundraisingTotal expenses: 73.58% of revenue

2018Expense mix: 83.2% mission · 12.8% management · 4.1% fundraisingTotal expenses: 93.49% of revenue

2017Expense mix: 76.3% mission · 15.0% management · 8.7% fundraisingTotal expenses: 80.47% of revenue

Money in and money out

Revenue$7,978,623

Expenses$6,446,131

Annual surplus $1,532,492 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)$5,473,573 · 84.9% of expenses

Management and office costs$756,802 · 11.7% of expenses

Fundraising$215,756 · 3.3% of expenses

See all reported dollar amounts

Revenue$7,978,623

Expenses$6,446,131

Assets$7,966,426

Income$8,170,649

Contributions$3,118,917

Mission work (program services)$5,473,573

Fundraising$215,756

Management and general$756,802

Stocks and bonds$4,594,656

Accounting fees$61,964

Investing fees$30,973

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

DR WILLIAM E FAHEYPRESIDENT · 40 hrs/week $228,890Base $203,306 · Other $25,584

PAMELA BERNSTEINDIRECTOR OF BUSINESS · 40 hrs/week $138,042Base $116,074 · Other $21,968

WALTER J THOMPSONSENIOR FELLOW · 40 hrs/week $128,303Base $119,416 · Other $8,887

PAUL T JACKSONEXECUTIVE VICE PRESIDENT · 40 hrs/week $121,852Base $117,414 · Other $4,438

DENIS KITZINGERDEAN · 40 hrs/week $119,496Base $111,089 · Other $8,407

FRED FRASERFELLOW · 40 hrs/week $114,824Base $100,704 · Other $14,120

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 (21)

DR WILLIAM E FAHEYPRESIDENT

PAMELA BERNSTEINDIRECTOR OF BUSINESS

WALTER J THOMPSONSENIOR FELLOW

PAUL T JACKSONEXECUTIVE VICE PRESIDENT

DENIS KITZINGERDEAN

FRED FRASERFELLOW

JOHN HEYTRUSTEE

WILLIAM B MCCARTHYTRUSTEE

T PATRICK MONAGHANCHAIRMAN EMERITUS

SEAN KAYTREASURER

RYAN MCKENNATRUSTEE

MICHAEL C GILLERANCHAIRMAN

MICHAEL MULSKITRUSTEE

JOHN CASTLE MDTRUSTEE

ANDREW CERNOTATRUSTEE

HON SCOTT J BLOCHVICE CHAIRMAN

HON MAUREEN C MOONEYTRUSTEE

HENRY C LUTHINSECRETARY

HARRY C VERYSERTRUSTEE

DENNIS E LOGUETRUSTEE

CHARLES MCKINNEYPAST TRUSTEE

About this charity

Recognized since: January 1979
Location: 6 MANCHESTER ST, MERRIMACK, NH 03054-4855
County: Hillsborough
In care of: William E Fahey
Primary officer: William E Fahey, President

How to reach them

WebsiteVisit the charity’s website Phone(603) 880-8308

Filing and classification

Latest tax year: 2024
Tax period began: June 1, 2024
Return type: 990
Tax preparer: BERRY DUNN MCNEIL & PARKER LLC
NTEE classification: Education (B420)