Civic Intelligence

Thomas More Schools Inc.

990 • Fiscal year 2021 • EIN 81-0530763

Jul 01, 2020 to Jun 30, 2021 • Filed on May 13, 2022

PO Box 540Emigrant, MT 59027

(406) 333-4554

Siviq Scores

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

Liabilities / Assets

57th percentile

0.00x

Higher debt load relative to assets than 57% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

60th percentile

0.00x

Higher debt load relative to revenue than 60% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

8th percentile

-83%

Higher net margin than 8% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

80th percentile

$5,440

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 20.9% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

29th percentile

-6.6%

Faster asset growth than 29% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

37th percentile

-11%

Faster revenue growth than 37% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$441,534

Down $31,004 (-6.6%) from 2020

Net Assets

Down

$441,423

Down $31,004 (-6.6%) from 2020

Liabilities

Flat

$111

Flat from 2020

Revenue

Down

$26,040

Down $3,233 (-11%) from 2020

Expenses

Down

$47,693

Down $31,017 (-39%) from 2020

Net Income

Up

-$21,653

Up $27,784 (+56%) from 2020

Historical Trend

Balance Sheet Trend

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

$1.0M$500K$0Assets 2011: $21,859Liabilities 2011: $70,8282011Assets 2012: $543,391Liabilities 2012: $24,569Net Assets 2012: $518,8222012Assets 2013: $501,495Liabilities 2013: $12,285Net Assets 2013: $489,2102013Assets 2014: $474,021Liabilities 2014: $10,824Net Assets 2014: $463,1972014Assets 2015: $398,169Liabilities 2015: $0Net Assets 2015: $398,1692015Assets 2016: $378,403Liabilities 2016: $8,328Net Assets 2016: $370,0752016Assets 2017: $465,836Liabilities 2017: $0Net Assets 2017: $465,8362017Assets 2018: $582,713Liabilities 2018: $0Net Assets 2018: $582,7132018Assets 2019: $521,861Liabilities 2019: $0Net Assets 2019: $521,8612019Assets 2020: $472,538Liabilities 2020: $111Net Assets 2020: $472,4272020Assets 2021: $441,534Liabilities 2021: $111Net Assets 2021: $441,4232021Assets 2022: $432,540Liabilities 2022: $59Net Assets 2022: $432,4812022Assets 2023: $404,680Liabilities 2023: $112Net Assets 2023: $404,5682023Assets 2024: $901,513Liabilities 2024: $546Net Assets 2024: $900,9672024

Highlighted filing

2021

Assets$441,534
Liabilities$111
Net Assets$441,423

Operations Trend

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

$800K$600K$400K$200K$0-$200KRevenue 2011: $137,758Expenses 2011: $146,307Net Income 2011: -$8,5492011Revenue 2012: $730,110Expenses 2012: $162,322Net Income 2012: $567,7882012Revenue 2013: $94,149Expenses 2013: $123,761Net Income 2013: -$29,6122013Revenue 2014: $93,209Expenses 2014: $119,222Net Income 2014: -$26,0132014Revenue 2015: $81,748Expenses 2015: $133,449Net Income 2015: -$51,7012015Revenue 2016: $39,338Expenses 2016: $67,432Net Income 2016: -$28,0942016Revenue 2017: $142,782Expenses 2017: $47,021Net Income 2017: $95,7612017Revenue 2018: $181,844Expenses 2018: $64,967Net Income 2018: $116,8772018Revenue 2019: $21,423Expenses 2019: $82,275Net Income 2019: -$60,8522019Revenue 2020: $29,273Expenses 2020: $78,710Net Income 2020: -$49,4372020Revenue 2021: $26,040Expenses 2021: $47,693Net Income 2021: -$21,6532021Revenue 2022: $30,650Expenses 2022: $39,592Net Income 2022: -$8,9422022Revenue 2023: $27,638Expenses 2023: $55,549Net Income 2023: -$27,9112023Revenue 2024: $552,808Expenses 2024: $56,409Net Income 2024: $496,3992024

Highlighted filing

2021

Revenue$26,040
Expenses$47,693
Net Income-$21,653
Jump To
Filing Snapshot
Filing Period
Jul 1, 2020 to Jun 30, 2021
Signed
May 13, 2022
Return Version
2020v4.0
Gross Receipts
$26,040
Mission and Program Overview

Mission

Private educational resources

Private educational resource

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$330,819$319,733▼ $11,086
Cash and Non-Interest-Bearing Accounts$132,127$121,801▼ $10,326
Accounts Receivable$9,592--
Total Assets$472,538$441,534▼ $31,004
Liabilities
Accounts Payable and Accrued Expenses$112$111▼ $1
Total Liabilities$112$111▼ $1
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$472,426$441,423▼ $31,003
Total Net Assets Fund Balance$472,426$441,423▼ $31,003
Total Liabilities and Net Assets / Fund Balance$472,538$441,534▼ $31,004

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$319,733$348,947$668,680
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Christine ThomasBoard SecretPT$5,440$5,440

Board Members and Trustees

NameTitle
James GoughBoard Member
Francis ReganBoard Presid
Marjorie LombardTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$575
Program Service Revenue
$24,477
Investment Income
$988
Other Revenue
$0
All Other Contributions
$575
Change in Net Assets
$-21,653
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$41,446
Salaries, Compensation, and Employee Benefits$6,247
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$20,036$6,239-$26,275
Depreciation Depletion$11,086--$11,086
Current Officers, Directors, Trustees, and Key Employees$4,896$544-$5,440
Office Expenses$2,036$918-$2,954
Fees for Services Accounting-$1,100-$1,100
Payroll Taxes$807--$807
Advertising$31--$31
Total Functional Expenses$38,892$8,801$0$47,693
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
Annual disclosure for covered persons
Yes
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Executive review of tax return prior to filing

Form 990, Page 6, Part VI, Line 12C

Board members sign policy annually. If any conflicts exist, board reviews.

Form 990, Page 6, Part VI, Line 15A

Board approves all compensation

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Thomas More Schools Inc
EIN
81-0530763
Phone
4063334554
Address
PO BOX 540, EMIGRANT, MT 59027

Signing Officer

Name
Marjorie Lombard
Title
Treasurer
Phone
4063334554
Signed
2022-05-13

Organization Details

Principal Officer
Marjorie Lombard
Formed
1999
Voting Board Members
5
Independent Board Members
5
Employees
1

Preparer

Firm
Cem Bookkeeping & Tax Services Inc
Address
124 S 2ND ST, LIVINGSTON, MT 59047-2604
Preparer
Catherine E Moody
Phone
4063337315
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

The program serves children of all races, color, creed and national origin. Due to a decline in local student population, the organization has transitioned from a physical school facility to an online organization which will serve homeschooled students and as a resource for parents. Should there be a future need, due to an influx of local students, the school is prepared to reopen. Currently the volunteer staff is cataloguing resources and learning materials and working with board members to develop a website.in addition, local educational conferences and lectures are being developed.program materials are being leased to other organizations for a nominal fee. The conference facility is rented out to raise funds when not required by the organization. The pandemic has greatly increased the resources required by parents who were forced into transitioning to homeschooling their children. Tms responded by providing learning materials to use with their children in personalized ways. Both homeschooling and private schools are experiencing an unanticpated surge in seeking educational options, and tms is in a unique position to provide those resources. In this area, many parents have decided to continue with some form of homeschooling, whether full-time or part-time, in the future, and preparations are being made to reopen the classrooms at tms to provide both educational and extracurricular activities. There will also be forums for homeschooling parents and for teachers offfering tutoring services for families.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE PROGRAM SERVES CHILDREN OF ALL RACES, COLOR, CREED AND NATIONAL ORIGIN. DUE TO A DECLINE IN LOCAL STUDENT POPULATION, THE ORGANIZATION HAS TRANSITIONED FROM A PHYSICAL SCHOOL FACILITY TO AN ONLINE ORGANIZATION WHICH WILL SERVE HOMESCHOOLED STUDENTS AND AS A RESOURCE FOR PARENTS. SHOULD THERE BE A FUTURE NEED, DUE TO AN INFLUX OF LOCAL STUDENTS, THE SCHOOL IS PREPARED TO REOPEN. CURRENTLY THE VOLUNTEER STAFF IS CATALOGUING RESOURCES AND LEARNING MATERIALS AND WORKING WITH BOARD MEMBERS TO DEVELOP A WEBSITE.IN ADDITION, LOCAL EDUCATIONAL CONFERENCES AND LECTURES ARE BEING DEVELOPED.PROGRAM MATERIALS ARE BEING LEASED TO OTHER ORGANIZATIONS FOR A NOMINAL FEE. THE CONFERENCE FACILITY IS RENTED OUT TO RAISE FUNDS WHEN NOT REQUIRED BY THE ORGANIZATION. THE PANDEMIC HAS GREATLY INCREASED THE RESOURCES REQUIRED BY PARENTS WHO WERE FORCED INTO TRANSITIONING TO HOMESCHOOLING THEIR CHILDREN. TMS RESPONDED BY PROVIDING LEARNING MATERIALS TO USE WITH THEIR CHILDREN IN PERSONALIZED WAYS. BOTH HOMESCHOOLING AND PRIVATE SCHOOLS ARE EXPERIENCING AN UNANTICPATED SURGE IN SEEKING EDUCATIONAL OPTIONS, AND TMS IS IN A UNIQUE POSITION TO PROVIDE THOSE RESOURCES. IN THIS AREA, MANY PARENTS HAVE DECIDED TO CONTINUE WITH SOME FORM OF HOMESCHOOLING, WHETHER FULL-TIME OR PART-TIME, IN THE FUTURE, AND PREPARATIONS ARE BEING MADE TO REOPEN THE CLASSROOMS AT TMS TO PROVIDE BOTH EDUCATIONAL AND EXTRACURRICULAR ACTIVITIES. THERE WILL ALSO BE FORUMS FOR HOMESCHOOLING PARENTS AND FOR TEACHERS OFFFERING TUTORING SERVICES FOR FAMILIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXECUTIVE REVIEW OF TAX RETURN PRIOR TO FILING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2BOARD MEMBERS SIGN POLICY ANNUALLY. IF ANY CONFLICTS EXIST, BOARD REVIEWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD APPROVES ALL COMPENSATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4NO DOCUMENTS AVAILABLE TO THE PUBLIC
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IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0472538
IRS990/TotalAssetsEOYAmt0441534
IRS990/TotalAssetsGrp/BOYAmt0472538
IRS990/TotalAssetsGrp/EOYAmt0441534
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0575
IRS990/TotalEmployeeCnt01
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08801
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt038892
IRS990/TotalFunctionalExpensesGrp/TotalAmt047693
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0112
IRS990/TotalLiabilitiesEOYAmt0111
IRS990/TotalLiabilitiesGrp/BOYAmt0112
IRS990/TotalLiabilitiesGrp/EOYAmt0111
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0472426
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0441423
IRS990/TotalProgramServiceExpensesAmt038892
IRS990/TotalProgramServiceRevenueAmt024477
IRS990/TotalReportableCompFromOrgAmt05440
IRS990/TotalRevenueGrp/ExclusionAmt024477
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0988
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt026040
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0472538
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0441534
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0PO BOX 28
IRS990/USAddress/CityNm0EMIGRANT
IRS990/USAddress/StateAbbreviationCd0MT
IRS990/USAddress/ZIPCd059027
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0MARJORIE LOMBARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum04063334554
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-05-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THOMAS MORE SCHOOLS INC
ReturnHeader/Filer/BusinessNameControlTxt0THOM
ReturnHeader/Filer/EIN0810530763
ReturnHeader/Filer/PhoneNum04063334554
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 540
ReturnHeader/Filer/USAddress/CityNm0EMIGRANT
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MT
ReturnHeader/Filer/USAddress/ZIPCd059027
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0471591889
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CEM BOOKKEEPING & TAX SERVICES INC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0124 S 2ND ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LIVINGSTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0590472604
ReturnHeader/PreparerPersonGrp/PhoneNum04063337315
ReturnHeader/PreparerPersonGrp/PreparationDt02022-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CATHERINE E MOODY
ReturnHeader/ReturnTs02022-05-14T11:44:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MARJORIE
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LOMBARD
ReturnHeader/TaxPeriodBeginDt02020-07-01
ReturnHeader/TaxPeriodEndDt02021-06-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$9.02$0.01$9.01$5.53$0.56$4.96
2023Detailed filing. Detailed filing data is available for this year.$4.05$0.00$4.05$0.28$0.56$0.28
2022Detailed filing. Detailed filing data is available for this year.$4.33$0.00$4.32$0.31$0.40$0.09
2021Detailed filing. Detailed filing data is available for this year.$4.42$0.00$4.41$0.26$0.48$0.22
2020Detailed filing. Detailed filing data is available for this year.$4.73$0.00$4.72$0.29$0.79$0.49
2019Summary only. Only limited summary data is available for this year.$5.22$0.00$5.22$0.21$0.82$0.61
2018Summary only. Only limited summary data is available for this year.$5.83$0.00$5.83$1.82$0.65$1.17
2017Summary only. Only limited summary data is available for this year.$4.66$0.00$4.66$1.43$0.47$0.96
2016Summary only. Only limited summary data is available for this year.$3.78$0.08$3.70$0.39$0.67$0.28
2015Summary only. Only limited summary data is available for this year.$3.98$0.00$3.98$0.82$1.33$0.52
2014Summary only. Only limited summary data is available for this year.$4.74$0.11$4.63$0.93$1.19$0.26
2013Summary only. Only limited summary data is available for this year.$5.01$0.12$4.89$0.94$1.24$0.30
2012Summary only. Only limited summary data is available for this year.$5.43$0.25$5.19$7.30$1.62$5.68
2011Summary only. Only limited summary data is available for this year.$0.22$0.71$1.38$1.46$0.09