Civic Intelligence

The Michael E Thornton Foundation

990 • Fiscal year 2023 • EIN 47-3566922

Jan 01, 2023 to Dec 31, 2023 • Filed on Jan 28, 2025

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

0.25x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

84th percentile

0.12x

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

53rd percentile

4.8%

Higher net margin than 53% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

97th percentile

$88,000

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 17.7% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

84th percentile

46%

Faster asset growth than 84% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

37th percentile

-5.7%

Faster revenue growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets86th percentile

Assets

Up

$248,727

Up $78,373 (+46%) from 2022

Net Assets

Up

$186,747

Up $23,645 (+14%) from 2022

Liabilities

Up

$61,980

Up $54,728 (+755%) from 2022

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin53rd percentile

Revenue

Down

$496,781

Down $29,845 (-5.7%) from 2022

Expenses

Down

$473,135

Down $110,074 (-19%) from 2022

Net Income

Up

$23,646

Up $80,229 (+142%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth84th 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

2023

Assets$248,727
Liabilities$61,980
Net Assets$186,747
Open 2023 Filing

Operations Trend

Revenue Growth37th 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

2023

Revenue$496,781
Expenses$473,135
Net Income$23,646
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jan 28, 2025
Return Version
2023v6.0
Gross Receipts
$496,781
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$170,354$248,727▲ $78,373
Rtn Earn Endowment Incm Other Fnds$163,102$186,747▲ $23,645
Total Assets$170,354$248,727▲ $78,373
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$7,252$61,980▲ $54,728
Total Liabilities$7,252$61,980▲ $54,728
Net Assets / Fund Balance
Total Net Assets Fund Balance$163,102$186,747▲ $23,645
Total Liabilities and Net Assets / Fund Balance$170,354$248,727▲ $78,373

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$0--
Compensation and Service Providers
Top Officer Pay97th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Connie S BoucherVice PresidentPT$88,000$88,000

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
$496,781
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$496,781
Change in Net Assets
$23,646
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$288,532
Grants and Similar Amounts Paid$184,603
Total Fundraising Expense$31,153
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$117,803--$117,803
Fees for Services Management$0$88,000$0$88,000
Fees for Services Other$0$56,650$31,153$87,803
Grants to Domestic Individuals$66,800--$66,800
Travel$0$60,489$0$60,489
Advertising$0$21,523$0$21,523
Office Expenses$0$11,122$0$11,122
Interest$0$4,482$0$4,482
Fees for Services Accounting$0$3,267$0$3,267
Other Expenses$0$3,185$0$3,185
Total Functional Expenses$184,603$257,379$31,153$473,135
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Seal-nsw Family FoundationCarlsbad, CA-Non-profit Foundation$28,000
Marine Corps-law Enforcement FoundationTuckahoe, NY-Non-profit Foundation$25,000
Base Camp 40 Warriors in the WildFruita, CO-Non-profit Foundation$10,000
Swimming With a MissionBedford, NH-Non-profit Organization$10,000
The Patriot ProjectNorth Canton, OH-Non-profit Foundation$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
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
2025-01-28
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
The Pierson Firm PLLC
Address
122 West Davis Street, Conroe, TX 77301
Preparer
Gladys E Pierson
Phone
9367562008
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“President reviews with tax preparer”

Form 990, Part IX, Line 11G

“Subcontractors 36936. 0. 36936. 0.”

Form 990, Part IX, Line 11G

“Meals & entertainment 33578. 0. 2425. 31153.”

Form 990, Part IX, Line 11G

“Telephone & communication 8722. 0. 8722. 0.”

Form 990, Part IX, Line 11G

“Supplies 2766. 0. 2766. 0.”

Form 990, Part IX, Line 11G

“Shipping & delivery expense 5801. 0. 5801. 0.”

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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1CO
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd2OH
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd3CA
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd4NH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010707
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd181521
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd244720
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd392008
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd403110
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRESIDENT REVIEWS WITH TAX PREPARER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SUBCONTRACTORS 36936. 0. 36936. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEALS & ENTERTAINMENT 33578. 0. 2425. 31153.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3TELEPHONE & COMMUNICATION 8722. 0. 8722. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4SUPPLIES 2766. 0. 2766. 0.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5SHIPPING & DELIVERY EXPENSE 5801. 0. 5801. 0.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 11g
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part IX, Line 11g
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0170354
IRS990/TotalAssetsEOYAmt0248727
IRS990/TotalAssetsGrp/BOYAmt0170354
IRS990/TotalAssetsGrp/EOYAmt0248727
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0496781
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt031153
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0257379
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0184603
IRS990/TotalFunctionalExpensesGrp/TotalAmt0473135
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt07252
IRS990/TotalLiabilitiesEOYAmt061980
IRS990/TotalLiabilitiesGrp/BOYAmt07252
IRS990/TotalLiabilitiesGrp/EOYAmt061980
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0163102
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0186747
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0184603
IRS990/TotalReportableCompFromOrgAmt088000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0496781
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt05
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0170354
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0248727
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt060489
IRS990/TravelGrp/ProgramServicesAmt00
IRS990/TravelGrp/TotalAmt060489
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt016800 WESTGROVE DR800
IRS990/USAddress/CityNm0ADDISON
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd075001
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0THEMETFUND.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL THORNTON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02147200696
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE MICHAEL E THORNTON FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0473566922
ReturnHeader/Filer/PhoneNum02147200696
ReturnHeader/Filer/USAddress/AddressLine1Txt012770 MERIT DRIVE STE 124
ReturnHeader/Filer/USAddress/CityNm0DALLAS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd075351
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0870994333
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0The Pierson Firm PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0122 West Davis Street
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Conroe
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077301
ReturnHeader/PreparerPersonGrp/PhoneNum09367562008
ReturnHeader/PreparerPersonGrp/PreparationDt02025-01-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0GLADYS E PIERSON
ReturnHeader/ReturnTs02025-01-28T11:06:31-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$248,727
Liabilities
$61,980
Net assets
$186,747
Revenue
$496,781
Expenses
$473,135
Net income
$23,646
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