Civic Intelligence

Thoresen Foundation

EIN 36-6102493 • Canton, GA

C/O M Thoresen 2725 Woodridge ChaCanton, GA 30114
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

15th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

$25M-$50M nonprofits • Source year 2024

Net Margin

78th percentile

30%

Higher net margin than 78% of similar nonprofits.

$25M-$50M nonprofits • Source year 2024

Top Officer Pay

76th percentile

$120,000

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 25.3% of source-year revenue.

$25M-$50M nonprofits • Source year 2022

Asset Growth

23rd percentile

-1.5%

Faster asset growth than 23% of similar nonprofits.

$25M-$50M nonprofits • Annualized from 2022 to 2024

Revenue Growth

93rd percentile

141%

Faster revenue growth than 93% of similar nonprofits.

$25M-$50M nonprofits • Annualized from 2022 to 2024

Assets

Up

$39,138,731

Up $924,886 (+2.4%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$39,138,731

Up $924,886 (+2.4%) from 2023

Revenue

Up

$2,762,817

Up $2,234,133 (+423%) from 2023

Expenses

Down

$1,920,440

Down $834,793 (-30%) from 2023

Net Income

Up

$842,377

Up $3,068,926 (+138%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60M$40M$20M$0Assets 2018: $34,126,990Liabilities 2018: $0Net Assets 2018: $34,126,9902018Assets 2020: $39,267,713Liabilities 2020: $0Net Assets 2020: $39,267,7132020Assets 2021: $41,666,168Liabilities 2021: $0Net Assets 2021: $41,666,1682021Assets 2022: $40,376,396Liabilities 2022: $0Net Assets 2022: $40,376,3962022Assets 2023: $38,213,845Liabilities 2023: $0Net Assets 2023: $38,213,8452023Assets 2024: $39,138,731Liabilities 2024: $0Net Assets 2024: $39,138,7312024

Highlighted filing

2024

Assets$39,138,731
Liabilities$0
Net Assets$39,138,731

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0M-$4.0MRevenue 2018: $1,357,433Expenses 2018: $2,263,136Net Income 2018: -$905,7032018Revenue 2020: $5,726,708Expenses 2020: $1,207,457Net Income 2020: $4,519,2512020Revenue 2021: $3,625,486Expenses 2021: $1,227,031Net Income 2021: $2,398,4552021Revenue 2022: $474,687Expenses 2022: $1,847,177Net Income 2022: -$1,372,4902022Revenue 2023: $528,684Expenses 2023: $2,755,233Net Income 2023: -$2,226,5492023Revenue 2024: $2,762,817Expenses 2024: $1,920,440Net Income 2024: $842,3772024

Highlighted filing

2024

Revenue$2,762,817
Expenses$1,920,440
Net Income$842,377

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.1
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-TrusteePT$120,000-$120,000
-TrusteePT$120,000-$120,000
Filing and Contact Details

Filer

Filer Name
Thoresen Foundation
EIN
36-6102493
Phone
8282605480
Address
C/O M Thoresen 2725 Woodridge Cha, Canton, GA 30114

Signing Officer

Name
Michael Thoresen
Title
Trustee
Phone
8282605480
Signed
2025-11-14
Discuss with paid preparer
Yes

Preparer

Firm
Forvis Mazars LLP
Address
500 Ridgefield Court, Asheville, NC 28806
Preparer
Jeremy Naess
Phone
8282542254
Raw XML AppendixShowing 400 of 752 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.

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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/CompensationOfHghstPdCntrctGrp/BusinessName/BusinessNameLine1Txt0ALEX BROWN (RAYMOND JAMES)
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0PAUL O'CONNELL
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt1MICHAEL THORESEN
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/EmployeeBenefitProgramAmt10
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IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt1TRUSTEE
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt0132 GRASSY GAP LOOP
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt1C/O M Thoresen 2725 Woodridge Cha
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm0BEECH MOUNTAIN
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IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd0false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd0false
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IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd0true
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd0false
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IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd0false
IRS990PF/StatementsRegardingActy4720Grp/RcvFndsToPayPrsnlBnftCntrctInd0false
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IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd0false
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IRS990PF/StatementsRegardingActyGrp/IndividualWithBooksNm0The Organization
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt02725 Woodridge Chase
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0Canton
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IRS990PF/StatementsRegardingActyGrp/PhoneNum06789069908
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IRS990PF/StatementsRegardingActyGrp/TaxReimbursedAmt00
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IRS990PF/SumOfProgramRelatedInvstGrp/TotalAmt00
IRS990PF/SupplementaryInformationGrp/ContributingManagerNm0MICHAEL THORESEN TRUSTEE
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt05000
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt1810000
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt2312500
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt25120000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt2630000

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