Civic Intelligence

The Michael E Thornton Foundation

990 • Fiscal year 2020 • EIN 47-3566922

Jan 01, 2020 to Dec 31, 2020 • Filed on May 05, 2021

Organization ProfileTHEMETFUND.ORG
12770 Merit Drive Ste 124Dallas, TX 75351

(214) 720-0696

Siviq Scores

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

Liabilities / Assets

86th percentile

0.37x

Higher debt load relative to assets than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

84th percentile

0.21x

Higher debt load relative to revenue than 84% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

14th percentile

-41%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

96th percentile

$73,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 34.9% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

16th percentile

-25%

Faster asset growth than 16% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

43rd percentile

-21%

Faster revenue growth than 43% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets86th percentile

Assets

Down

$116,951

Down $39,988 (-25%) from 2019

Net Assets

Down

$73,260

Down $69,186 (-49%) from 2019

Liabilities

Up

$43,691

Up $29,198 (+201%) from 2019

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin14th percentile

Revenue

Down

$209,465

Down $57,154 (-21%) from 2019

Expenses

Down

$294,685

Down $66,341 (-18%) from 2019

Net Income

Up

-$85,220

Up $9,187 (+9.7%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth16th 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

2020

Assets$116,951
Liabilities$43,691
Net Assets$73,260
Open 2020 Filing

Operations Trend

Revenue Growth43rd 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

2020

Revenue$209,465
Expenses$294,685
Net Income-$85,220
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
May 5, 2021
Return Version
2020v4.1
Gross Receipts
$209,465
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$156,939$116,951▼ $39,988
Rtn Earn Endowment Incm Other Fnds$142,446$73,260▼ $69,186
Total Assets$156,939$116,951▼ $39,988
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$14,493$43,691▲ $29,198
Total Liabilities$14,493$43,691▲ $29,198
Net Assets / Fund Balance
Total Net Assets Fund Balance$142,446$73,260▼ $69,186
Total Liabilities and Net Assets / Fund Balance$156,939$116,951▼ $39,988

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$0--
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Connie S BoucherVice PresidentPT$73,000$73,000

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
$209,465
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$209,465
Change in Net Assets
$-85,220
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$240,268
Total Fundraising Expense$87,530
Grants and Similar Amounts Paid$54,417
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$0$38,959$87,530$126,489
Fees for Services Management$0$73,000$0$73,000
Grants to Domestic Individuals$54,417--$54,417
Advertising$0$18,930$0$18,930
Travel$0$7,038$0$7,038
Other Expenses$0$5,423$0$5,423
Office Expenses$0$4,670$0$4,670
Occupancy$0$3,987$0$3,987
Interest$0$725$0$725
Total Functional Expenses$54,417$152,738$87,530$294,685
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Nsw Family FoundationVirginia Beach, VA-Non-profit Donation$20,000
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
12770 MERIT DRIVE STE 124, DALLAS, TX 75351

Signing Officer

Name
Michael Thornton
Title
President
Phone
2147200696
Signed
2021-05-05
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

“Subcontractors 28652. 0. 28652. 0.”

Form 990, Part IX, Line 11G

“Meals & entertainment 88613. 0. 1083. 87530.”

Form 990, Part IX, Line 11G

“Other admin fees 6226. 0. 6226. 0.”

Form 990, Part IX, Line 11G

“Telephone & commu. 1089. 0. 1089. 0.”

Form 990, Part IX, Line 11G

“INSURANCE 1909. 0. 1909.”

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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/TotalReportableCompFromOrgAmt073000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0209465
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0156939
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0116951
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt07038
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt07038
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0ADDISON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075001
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0THEMETFUND.ORG
IRS990/WhistleblowerPolicyInd0false
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL THORNTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02147200696
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-05-05
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MICHAEL E THORNTON FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MICH
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ReturnHeader/Filer/PhoneNum02147200696
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ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0122 West Davis Street Suite 110
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Conroe
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077301
ReturnHeader/PreparerPersonGrp/PhoneNum09367562008
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-06
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0TCONLAN PIERSON
ReturnHeader/ReturnTs02021-05-06T12:33:33-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THORNTON
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$116,951
Liabilities
$43,691
Net assets
$73,260
Revenue
$209,465
Expenses
$294,685
Net income
-$85,220
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