Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
The Charitable Fund Michael W Thorne Inc
EIN 20-4463768 • 501(c)3 • West Long Branch, NJ
Profile
The corporation is organized exclusively to make distributions in the form of scholarship awards to students who have demonstrated a connection to the local community and who exhibit excellence and committment to scholastic achievement, public service and other extracurricular activities. They also provide financial assistance to, or on behalf of, charitable organizations in the memory of michael w thorne.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
84th percentile
Higher net margin than 84% of similar nonprofits.
Top Officer Pay
95th percentile
Higher top officer pay than 95% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
64th percentile
Faster asset growth than 64% of similar nonprofits.
Revenue Growth
77th percentile
Faster revenue growth than 77% of similar nonprofits.
Balance Sheet
Assets
Up$174,697
Up $16,896 (+11%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
$174,697
No earlier filing loaded for comparison.
Revenue
Up$27,670
Up $6,723 (+32%) from 2023
Expenses
Up$10,774
Up $4,871 (+83%) from 2023
Net Income
Up$16,896
Up $1,852 (+12%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $174,697
- Liabilities
- -
- Net assets
- $174,697
- Revenue
- $27,670
- Expenses
- $10,774
- Net income
- $16,896
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Jul 31, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $101,786
Mission and Program Overview
Mission
The corporation is organized exclusively to make distributions in the form of scholarship awards to students who have demonstrated a connection to the local community and who exhibit excellence and committment to scholastic achievement, public service and other extracurricular activities. They also provide financial assistance to, or on behalf of, charitable organizations in the memory of michael w thorne.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| SCHOLARSHIP AWARDS TO LOCAL STUDENTS | - | $5,024 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MINDY BRADY | President | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Charitable Fund
- EIN
- 20-4463768
- Phone
- 7322220725
- Address
- PO BOX 442, WEST LONG BRANCH, NJ 07764
Signing Officer
- Name
- Mindy Brady
- Title
- President
- Phone
- 7322220725
- Signed
- 2025-07-31
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Donato Hayes & Company CPA LLC
- Address
- 201 MAIN STREET, ALLENHURST, NJ 07711
- Preparer
- Jeanne Reichardt
- Phone
- 7325313388
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses office 236 scholarships 4,000 licenses & fees 176 charitable 906 total 5,318”
Form 990-ez, Part III
“The corporation is organized exclusively to make distributions in the form of scholarship awards to students who have demonstrated a connection to the local community and who exhibit excellence and committment to scholastic achievement, public service and other extracurricular activities. They also provide financial assistance to, or on behalf of, charitable organizations in the memory of michael w thorne.”
Raw XML Appendix128 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MINDY BRADY |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7322220725 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 4 FOY LANE |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | LONG BRANCH |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | NJ |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 07740 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 157801 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 174697 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 3370 |
| IRS990EZ/CostOrOtherBasisExpenseSaleAmt | 0 | 74116 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 16896 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 5456 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 157801 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 174697 |
| IRS990EZ/GainOrLossFromSaleOfAssetsAmt | 0 | 19341 |
| IRS990EZ/GrossReceiptsAmt | 0 | 101786 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 4959 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingAccrualInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 157801 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 174697 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 157801 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 174697 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MINDY BRADY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 5318 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE CORPORATION IS ORGANIZED EXCLUSIVELY TO MAKE DISTRIBUTIONS IN THE FORM OF SCHOLARSHIP AWARDS TO STUDENTS WHO HAVE DEMONSTRATED A CONNECTION TO THE LOCAL COMMUNITY AND WHO EXHIBIT EXCELLENCE AND COMMITTMENT TO SCHOLASTIC ACHIEVEMENT, PUBLIC SERVICE AND OTHER EXTRACURRICULAR ACTIVITIES. THEY ALSO PROVIDE FINANCIAL ASSISTANCE TO, OR ON BEHALF OF, CHARITABLE ORGANIZATIONS IN THE MEMORY OF MICHAEL W THORNE. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | SCHOLARSHIP AWARDS TO LOCAL STUDENTS |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 5024 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SaleOfAssetsGrossAmt | 0 | 93457 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 10774 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 5024 |
| IRS990EZ/TotalRevenueAmt | 0 | 27670 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.THORNESCHOLARSHIPRUN.ORG |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt | 0 | 3370 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt | 0 | 176 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 776 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 550 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 6119 |
| IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt | 0 | 10991 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt | 0 | 4959 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt | 0 | 4645 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt | 0 | 4073 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt | 0 | 4210 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt | 0 | 3669 |
| IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt | 0 | 21556 |
| IRS990ScheduleA/InvestmentIncomeCYPct | 0 | 0.00000 |
| IRS990ScheduleA/InvestmentIncomePYPct | 0 | 0.00000 |
| IRS990ScheduleA/PubliclySupportedOrg509a2Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY509Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal509Amt | 0 | 32547 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind | 0 | X |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt | 0 | 8329 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt | 0 | 4821 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt | 0 | 4849 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt | 0 | 4760 |
| IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt | 0 | 9788 |
| IRS990ScheduleA/Total509Grp/TotalAmt | 0 | 32547 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt | 0 | 8329 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt | 0 | 4821 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt | 0 | 4849 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt | 0 | 4760 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt | 0 | 9788 |
| IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt | 0 | 32547 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES OFFICE 236 SCHOLARSHIPS 4,000 LICENSES & FEES 176 CHARITABLE 906 TOTAL 5,318 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE CORPORATION IS ORGANIZED EXCLUSIVELY TO MAKE DISTRIBUTIONS IN THE FORM OF SCHOLARSHIP AWARDS TO STUDENTS WHO HAVE DEMONSTRATED A CONNECTION TO THE LOCAL COMMUNITY AND WHO EXHIBIT EXCELLENCE AND COMMITTMENT TO SCHOLASTIC ACHIEVEMENT, PUBLIC SERVICE AND OTHER EXTRACURRICULAR ACTIVITIES. THEY ALSO PROVIDE FINANCIAL ASSISTANCE TO, OR ON BEHALF OF, CHARITABLE ORGANIZATIONS IN THE MEMORY OF MICHAEL W THORNE. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MINDY BRADY |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7322220725 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-07-31 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | THE CHARITABLE FUND |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | MICHAEL W THORNE INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | CHAR |
| ReturnHeader/Filer/EIN | 0 | 204463768 |
| ReturnHeader/Filer/PhoneNum | 0 | 7322220725 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 442 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | WEST LONG BRANCH |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 07764 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 222899290 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DONATO HAYES & COMPANY CPA LLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 201 MAIN STREET |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | ALLENHURST |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | NJ |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 07711 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7325313388 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-07-31 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JEANNE REICHARDT |
| ReturnHeader/ReturnTs | 0 | 2025-07-31T14:26:03-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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