Civic Intelligence

The Michael E Thornton Foundation

990 • Fiscal year 2019 • EIN 47-3566922

Jan 01, 2019 to Dec 31, 2019 • Filed on May 11, 2020

Organization ProfileTHEMETFUND.ORG
16800 Westgrove DrAddison, TX 75001

(214) 720-0696

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

78th percentile

0.09x

Higher debt load relative to assets than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.05x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

11th percentile

-35%

Higher net margin than 11% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

94th percentile

$60,200

Higher top officer pay than 94% of similar nonprofits.

Top officer pay equals 22.6% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

14th percentile

-34%

Faster asset growth than 14% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

-30%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets78th percentile

Assets

Down

$156,939

Down $79,914 (-34%) from 2018

Net Assets

Down

$142,446

Down $94,407 (-40%) from 2018

Liabilities

Up

$14,493

Up $14,493 from 2018

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin11th percentile

Revenue

Down

$266,619

Down $113,638 (-30%) from 2018

Expenses

Up

$361,026

Up $6,154 (+1.7%) from 2018

Net Income

Down

-$94,407

Down $119,792 (-472%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth14th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2015: $45,416Liabilities 2015: $0Net Assets 2015: $45,4162015Assets 2016: $48,204Liabilities 2016: $0Net Assets 2016: $48,2042016Assets 2017: $211,467Liabilities 2017: $0Net Assets 2017: $211,4672017Assets 2018: $236,853Liabilities 2018: $0Net Assets 2018: $236,8532018Assets 2019: $156,939Liabilities 2019: $14,493Net Assets 2019: $142,4462019Assets 2020: $116,951Liabilities 2020: $43,691Net Assets 2020: $73,2602020Assets 2021: $219,686Liabilities 2021: $0Net Assets 2021: $219,6862021Assets 2022: $170,354Liabilities 2022: $7,252Net Assets 2022: $163,1022022Assets 2023: $248,727Liabilities 2023: $61,980Net Assets 2023: $186,7472023Assets 2024: $213,675Liabilities 2024: $7,934Net Assets 2024: $205,7412024

Highlighted filing

2019

Assets$156,939
Liabilities$14,493
Net Assets$142,446
Open 2019 Filing

Operations Trend

Revenue Growth18th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2015: $100,200Expenses 2015: $54,784Net Income 2015: $45,4162015Revenue 2016: $111,781Expenses 2016: $108,992Net Income 2016: $2,7892016Revenue 2017: $335,644Expenses 2017: $172,380Net Income 2017: $163,2642017Revenue 2018: $380,257Expenses 2018: $354,872Net Income 2018: $25,3852018Revenue 2019: $266,619Expenses 2019: $361,026Net Income 2019: -$94,4072019Revenue 2020: $209,465Expenses 2020: $294,685Net Income 2020: -$85,2202020Revenue 2021: $538,257Expenses 2021: $391,832Net Income 2021: $146,4252021Revenue 2022: $526,626Expenses 2022: $583,209Net Income 2022: -$56,5832022Revenue 2023: $496,781Expenses 2023: $473,135Net Income 2023: $23,6462023Revenue 2024: $475,602Expenses 2024: $456,608Net Income 2024: $18,9942024

Highlighted filing

2019

Revenue$266,619
Expenses$361,026
Net Income-$94,407
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
May 11, 2020
Return Version
2019v5.1
Gross Receipts
$266,619
Mission and Program Overview

Mission

Providing immediate financial

Providing immediate financial assistance for both active and non-active duty military and families in need

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$236,853$156,939▼ $79,914
Rtn Earn Endowment Incm Other Fnds$236,853$142,446▼ $94,407
Total Assets$236,853$156,939▼ $79,914
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$14,493▲ $14,493
Total Liabilities$0$14,493▲ $14,493
Net Assets / Fund Balance
Total Net Assets Fund Balance$236,853$142,446▼ $94,407
Total Liabilities and Net Assets / Fund Balance$236,853$156,939▼ $79,914

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$0--
Compensation and Service Providers
Top Officer Pay94th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Connie S BoucherVice PresidentPT$60,200$60,200

Board Members and Trustees

NameTitle
Michael E ThorntonPresident
Joseph Robert KerryOfficer
Todd J SeniffOfficer
John Peter LynchSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$266,619
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$266,619
Change in Net Assets
$-94,407
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$224,282
Grants and Similar Amounts Paid$136,744
Total Fundraising Expense$30,339
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$136,744--$136,744
Fees for Services Other$0$90,257$30,339$120,596
Fees for Services Management$0$60,200$0$60,200
Office Expenses$0$14,143$0$14,143
Travel$0$11,931$0$11,931
Fees for Services Accounting$0$6,830$0$6,830
Occupancy$0$4,530$0$4,530
Other Expenses$0$3,713$0$3,713
Advertising$0$2,332$0$2,332
Total Functional Expenses$136,744$193,943$30,339$361,026
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nsw Family FoundationVirginia Beach, VA-Non-profit Donation$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
The Michael E Thornton Foundation
EIN
47-3566922
Phone
2147200696
Address
16800 WESTGROVE DR, ADDISON, TX 75001

Signing Officer

Name
Michael Thornton
Title
President
Phone
2147200696
Signed
2020-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Thornton
Formed
2015
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Pierson & Pierson CPA's
Address
122 West Davis Street Suite 110, Conroe, TX 77301
Preparer
Tconlan Pierson
Phone
9367562008
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“President reviews with tax preparer”

Form 990, Part IX, Line 11G

“Subcontractor 60090. 0. 60090. 0.”

Form 990, Part IX, Line 11G

“Meals & entertainment events 33081. 0. 2742. 30339.”

Form 990, Part IX, Line 11G

“Outside service 730. 0. 730. 0.”

Form 990, Part IX, Line 11G

“Other administrative expense 26549. 0. 26549. 0.”

Form 990, Part IX, Line 11G

“Telephone expense 121. 0. 121. 0.”

Form 990, Part IX, Line 11G

“Other tax & licenses 25. 0. 25. 0.”

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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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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0156939
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
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IRS990/TravelGrp/ProgramServicesAmt00
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ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL THORNTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02147200696
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-11
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ReturnHeader/FilingSecurityInformation/IPTm009:11:11
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Pierson & Pierson CPA's
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0122 West Davis Street Suite 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Conroe
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ReturnHeader/PreparerPersonGrp/PhoneNum09367562008
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TCONLAN PIERSON
ReturnHeader/ReturnTs02020-05-18T09:11:16-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-01-01
ReturnHeader/TaxPeriodEndDt02019-12-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$156,939
Liabilities
$14,493
Net assets
$142,446
Revenue
$266,619
Expenses
$361,026
Net income
-$94,407
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.14$0.08$2.06$4.76$4.57$0.19
2023Detailed filing. Detailed filing data is available for this year.$2.49$0.62$1.87$4.97$4.73$0.24
2022Detailed filing. Detailed filing data is available for this year.$1.70$0.07$1.63$5.27$5.83$0.57
2021Detailed filing. Detailed filing data is available for this year.$2.20$0.00$2.20$5.38$3.92$1.46
2020Detailed filing. Detailed filing data is available for this year.$1.17$0.44$0.73$2.09$2.95$0.85
2019Detailed filing. Detailed filing data is available for this year.$1.57$0.14$1.42$2.67$3.61$0.94
2018Detailed filing. Detailed filing data is available for this year.$2.37$0.00$2.37$3.80$3.55$0.25
2017Detailed filing. Detailed filing data is available for this year.$2.11$0.00$2.11$3.36$1.72$1.63
2016Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$1.12$1.09$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$1.00$0.55$0.45