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Thomas More College Of Liberal Arts Incorporated

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Undergraduate College (4-year) (NTEE)

Donations to this organization are tax deductible.

Details

According to its May 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$5.14M (2023)

Expenses
$5.21M (2023)

Total Assets
$6.99M (2023)

Total Liabilities
$1.6M (2023)

Source: Form 990 tax filings from 2012 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending May
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,141,359
Expenses
$5,211,264
Net Income
-$69,905
Net Assets
$5,387,143
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,477,434
28.7%
Program Services $3,554,885
69.1%
Investment Income $96,148
1.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $12,892
0.3%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $214,759
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,163,425
22.3%
Assets/Debt
Total Assets $6,989,660
Total Liabilities $1,602,517
Net Assets $5,387,143
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr William E Fahey (President) $182,247 $0 $32,512
Walter J Thompson (Dean) $109,764 $0 $13,785
Pamela Bernstein (Director Of Business) $103,180 $0 $18,895
Paul T Jackson (Executive Vice President) $102,926 $0 $4,327
T Patrick Monaghan (Chairman Emeritus) $0 $0 $0
Michael C Gilleran (Chairman) $0 $0 $0
Sean Kay (Treasurer) $0 $0 $0
Henry C Luthin (Secretary) $0 $0 $0
Alexis Haughey (Trustee) $0 $0 $0
Andrew Cernota (Trustee) $0 $0 $0
Charles Mc Kinney (Trustee) $0 $0 $0
Dennis E Logue (Trustee) $0 $0 $0
Eleanor Dahar (Trustee) $0 $0 $0
Hon Maureen C Mooney (Trustee) $0 $0 $0
Hon Scott J Bloch (Trustee) $0 $0 $0
John Castle Md (Trustee) $0 $0 $0
John Hey (Trustee) $0 $0 $0
Michael Mulski (Trustee) $0 $0 $0
Ryan Mc Kenna (Trustee) $0 $0 $0
Harry C Veryser (Trustee) $0 $0 $0
William B Mc Carthy (Trustee) $0 $0 $0
William R Stott Jr (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,235,090
Expenses
$4,807,681
Net Income
$427,409
Net Assets
$5,506,676
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,030,042
38.8%
Program Services $3,033,528
57.9%
Investment Income $55,071
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $116,449
2.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $195,987
4.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,083,887
22.5%
Assets/Debt
Total Assets $7,226,691
Total Liabilities $1,720,015
Net Assets $5,506,676
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr William E Fahey (President) $173,632 $0 $22,355
Walter J Thompson (Dean) $112,080 $0 $7,162
Paul T Jackson (Executive Vice President) $104,403 $0 $2,695
Denis Kitzinger (Dean Of Students) $101,555 $0 $5,635
T Patrick Monaghan (Chairman) $0 $0 $0
Michael C Gilleran (Vice Chairman) $0 $0 $0
Harry C Veryser (Treasurer) $0 $0 $0
Henry C Luthin (Secretary) $0 $0 $0
Andrew Cernota (Trustee) $0 $0 $0
Charles Mc Kinney (Trustee) $0 $0 $0
Dennis E Logue (Trustee) $0 $0 $0
Eleanor Dahar (Trustee) $0 $0 $0
Hon Maureen C Mooney (Trustee) $0 $0 $0
Hon Scott J Bloch (Trustee) $0 $0 $0
John Castle Md (Trustee) $0 $0 $0
John Hey (Trustee) $0 $0 $0
Michael Mulski (Trustee) $0 $0 $0
Ryan Mc Kenna (Trustee) $0 $0 $0
Sean Kay (Trustee) $0 $0 $0
William B Mc Carthy (Trustee) $0 $0 $0
William R Stott Jr (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,781,626
Expenses
$3,993,696
Net Income
$787,930
Net Assets
$5,453,369
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,141,307
44.8%
Program Services $2,556,310
53.5%
Investment Income $50,612
1.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $768
0.0%
Net Inventory Sales $0
Other Revenue $32,629
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $187,735
4.7%
Professional Fundraising Fees $0
Other Salaries and Wages $1,051,494
26.3%
Assets/Debt
Total Assets $7,635,997
Total Liabilities $2,182,628
Net Assets $5,453,369
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr William E Fahey (President) $167,962 $0 $18,694
T Patrick Monaghan (Chairman) $0 $0 $0
Michael C Gilleran (Vice Chairman) $0 $0 $0
Harry C Veryser (Treasurer) $0 $0 $0
Hon Maureen C Mooney (Board Secretary) $0 $0 $0
William R Stott Jr (Trustee) $0 $0 $0
Sean Kay (Trustee) $0 $0 $0
Hon Scott J Bloch (Trustee) $0 $0 $0
William B Mccarthy (Trustee) $0 $0 $0
Henry C Luthin (Trustee) $0 $0 $0
Dennis E Logue (Trustee) $0 $0 $0
Eleanor Dahar (Trustee) $0 $0 $0
Michael Mulski (Trustee) $0 $0 $0
John Castle Md (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,421,762
Expenses
$3,989,132
Net Income
$1,432,630
Net Assets
$4,331,668
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,283,628
42.1%
Program Services $2,944,532
54.3%
Investment Income $185,888
3.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $7,714
0.1%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $155,739
3.9%
Professional Fundraising Fees $0
Other Salaries and Wages $991,719
24.9%
Assets/Debt
Total Assets $6,602,927
Total Liabilities $2,271,259
Net Assets $4,331,668
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr William E Fahey (President) $134,760 $0 $17,922
T Patrick Monaghan (Chairman) $0 $0 $0
Michael C Gilleran (Vice Chairman) $0 $0 $0
Harry C Veryser (Treasurer) $0 $0 $0
Hon Maureen C Mooney (Board Secretary) $0 $0 $0
William R Stott Jr (Trustee) $0 $0 $0
Sean Kay (Trustee) $0 $0 $0
Hon Scott J Bloch (Trustee) $0 $0 $0
William B Mccarthy (Trustee) $0 $0 $0
Henry C Luthin (Trustee) $0 $0 $0
Dennis E Logue (Trustee) $0 $0 $0
Eleanor Dahar (Trustee) $0 $0 $0
Michael Mulski (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,096,329
Expenses
$3,829,851
Net Income
$266,478
Net Assets
$2,986,981
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,138,828
27.8%
Program Services $2,888,922
70.5%
Investment Income $26,521
0.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $9,985
0.2%
Net Inventory Sales $0
Other Revenue $32,073
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $139,458
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $966,355
25.2%
Assets/Debt
Total Assets $5,205,820
Total Liabilities $2,218,839
Net Assets $2,986,981
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Dr William E Fahey (President) $130,876 $0 $7,543
T Patrick Monaghan (Chairman) $0 $0 $0
Michael C Gilleran (Vice Chairman) $0 $0 $0
Harry C Veryser (Treasurer) $0 $0 $0
Hon Maureen C Mooney (Board Secretary) $0 $0 $0
William R Stott Jr (Trustee) $0 $0 $0
Sean Kay (Trustee) $0 $0 $0
Hon Scott J Bloch (Trustee) $0 $0 $0
William B Mccarthy (Trustee) $0 $0 $0
Henry C Luthin (Trustee) $0 $0 $0
Dennis E Logue (Trustee) $0 $0 $0
Eleanor Dahar (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,971,689
Expenses
$4,000,528
Net Income
$971,161
Net Assets
$2,726,101
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,905,241
38.3%
Program Services $3,049,145
61.3%
Investment Income $12,791
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,400
0.0%
Net Fundraising $0
Sales of Assets -$2,708
Net Inventory Sales $5,820
0.1%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $139,541
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $969,208
24.2%
Assets/Debt
Total Assets $5,287,991
Total Liabilities $2,561,890
Net Assets $2,726,101
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
William E Fahey (President) $130,356 $0 $26,277
T Patrick Monaghan (Chairman) $0 $0 $0
Harry C Veryser (Treasurer) $0 $0 $0
William R Stott Jr (Trustee) $0 $0 $0
Stephen G Peroutka (Trustee) $0 $0 $0
Rep Maureen C Mooney (Board Secret) $0 $0 $0
Michael C Gilleran (Vice Chairma) $0 $0 $0
Sean Kay (Trustee) $0 $0 $0
Scott J Bloch (Trustee) $0 $0 $0
William B Mccarthy (Trustee) $0 $0 $0
Dennis Logue (Trustee) $0 $0 $0
Henry Luthin (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,788,557
Expenses
$3,678,342
Net Income
$110,215
Net Assets
$1,743,932
Notable Sources of Revenue Percent of Total Revenue
Contributions $737,697
19.5%
Program Services $3,037,193
80.2%
Investment Income $16,426
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$2,759
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $128,604
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $853,469
23.2%
Assets/Debt
Total Assets $4,376,547
Total Liabilities $2,632,615
Net Assets $1,743,932
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
William E Fahey (President) $120,980 $0 $19,950
T Patrick Monaghan (Chairman) $0 $0 $0
Harry C Veryser (Treasurer) $0 $0 $0
William R Stott Jr (Trustee) $0 $0 $0
Stephen G Peroutka (Trustee) $0 $0 $0
Rep Maureen C Mooney (Board Secret) $0 $0 $0
Michael C Gilleran (Vice Chairma) $0 $0 $0
Sean Kay (Trustee) $0 $0 $0
Scott J Bloch (Trustee) $0 $0 $0
William B Mccarthy (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,794,021
Expenses
$3,596,054
Net Income
$197,967
Net Assets
$1,604,377
Notable Sources of Revenue Percent of Total Revenue
Contributions $604,961
15.9%
Program Services $2,893,665
76.3%
Investment Income $16,754
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income -$2,870
Net Fundraising $0
Sales of Assets $302,349
8.0%
Net Inventory Sales $0
Other Revenue -$20,838
Notable Expenses Percent of Total Expenses
Executive Compensation $121,009
3.4%
Professional Fundraising Fees $0
Other Salaries and Wages $799,979
22.2%
Assets/Debt
Total Assets $4,350,040
Total Liabilities $2,745,663
Net Assets $1,604,377
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
William E Fahey (President) $121,009 $0 $23,759
T Patrick Monaghan (Chairman) $0 $0 $0
Harry C Veryser (Treasurer) $0 $0 $0
William R Stott Jr (Trustee) $0 $0 $0
Stephen G Peroutka (Trustee) $0 $0 $0
Rep Maureen C Mooney (Board Secret) $0 $0 $0
Victoria Hughes (Trustee) $0 $0 $0
Michael C Gilleran (Vice Chairma) $0 $0 $0
Sean Kay (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,011,583
Expenses
$3,815,063
Net Income
$196,520
Net Assets
$2,893,910
Notable Sources of Revenue Percent of Total Revenue
Contributions $501,893
12.5%
Program Services $3,493,803
87.1%
Investment Income $18,379
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$8,851
Net Fundraising $0
Sales of Assets -$167
Net Inventory Sales $0
Other Revenue $6,526
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $110,847
2.9%
Professional Fundraising Fees $0
Other Salaries and Wages $807,845
21.2%
Assets/Debt
Total Assets $5,892,229
Total Liabilities $2,998,319
Net Assets $2,893,910
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
William E Fahey (President) $110,847 $0 $24,926
T Patrick Monaghan (Chairman) $0 $0 $0
Harry C Veryser (Treasurer) $0 $0 $0
William R Stott Jr (Trustee) $0 $0 $0
Stephen G Peroutka (Trustee) $0 $0 $0
Rep Maureen C Mooney (Board Secret) $0 $0 $0
Victoria Hughes (Trustee) $0 $0 $0
Michael C Gilleran (Vice Chairma) $0 $0 $0
Sean Kay (Trustee) $0 $0 $0

Document Links

Fiscal Year Ending May
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,467,985
Expenses
$3,280,619
Net Income
$187,366
Net Assets
$2,697,390
Notable Sources of Revenue Percent of Total Revenue
Contributions $861,410
24.8%
Program Services $2,587,235
74.6%
Investment Income $18,496
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income -$7,605
Net Fundraising $0
Sales of Assets -$547
Net Inventory Sales $0
Other Revenue $8,996
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $119,315
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $851,054
25.9%
Assets/Debt
Total Assets $6,020,685
Total Liabilities $3,323,295
Net Assets $2,697,390

Document Links

Fiscal Year Ending May
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,222,600
Expenses
$3,655,956
Net Income
$566,644
Net Assets
$2,510,024
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,296,552
30.7%
Program Services $2,876,111
68.1%
Investment Income $16,089
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income -$20,290
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $54,138
1.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $131,910
3.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,069,936
29.3%
Assets/Debt
Total Assets $5,239,514
Total Liabilities $2,729,490
Net Assets $2,510,024

Document Links

Fiscal Year Ending May
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,121,097
Expenses
$3,517,028
Net Income
$1,604,069
Net Assets
$1,943,380
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,742,134
53.5%
Program Services $2,409,710
47.1%
Investment Income $17,747
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income -$8,861
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue -$39,633
Notable Expenses Percent of Total Expenses
Executive Compensation $122,019
3.5%
Professional Fundraising Fees $0
Other Salaries and Wages $990,719
28.2%
Assets/Debt
Total Assets $4,673,862
Total Liabilities $2,730,482
Net Assets $1,943,380

Document Links

Fiscal Year Ending May
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending May
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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