Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 1960.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
88 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
26 people listed on the 990; $1.4M paid to officers and key staff.
Laurie Lachance’s $345K as President (through 10/31/24) is at the 72nd percentile of top reported officer pay among 3683 $10–100M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Laurie Lachance | $344,796 | $307,874 | $302,967 | $288,056 | $299,804 | $259,842 |
| Thomas Warren | $210,016 | $216,299 | — | — | — | — |
| Bernard Ouellette | — | — | $185,941 | $205,790 | $204,161 | $202,996 |
| Thomas Edwards | $196,469 | $171,649 | $166,365 | $162,275 | $169,787 | $149,316 |
| Christoper Rhoda | $154,112 | — | — | — | — | — |
| Beth Gibbs | — | — | — | $122,928 | $138,511 | $150,256 |
| Alicia Gardiner | $150,251 | — | — | — | — | — |
| Donald Cragen | $147,440 | $141,014 | $135,377 | — | $148,471 | $124,549 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Prepares students for personal, professional, and community success through supportive learning.
Questions for Thomas College
Your first name shows with your question. Thomas College answers here, for everyone.
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Instruction
Undergraduate and graduate education offering associates, bachelor and masters degree programs concentrating in business, education, technology, criminal justice, cyber security and psychology to approximately 750 full-time students and 165 part-time.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $7.7M | $5.1M |
| InvestmentsLn 11–13 | $27.1M | $31.6M |
| Land, buildings, equipmentLn 10c | $47.7M | $47.1M |
| Total assetsLn 16 | $85.3M | $86.8M |
| LiabilitiesLn 26 | $18.4M | $16.9M |
| Net assetsLn 32 | $67.0M | $69.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic individualsLn 2 | $14.2M | $14.2M | ||
| Pay of current officers, directors and key staffLn 5 | $696K | $172K | $524K | |
| Other salaries and wagesLn 7 | $10.6M | $9.0M | $1.2M | $442K |
| Pension plan contributionsLn 8 | $413K | $334K | $65K | $14K |
| Other employee benefitsLn 9 | $1.4M | $955K | $356K | $64K |
| Payroll taxesLn 10 | $785K | $561K | $192K | $32K |
| Professional fundraising feesLn 11e | $266K | $266K | ||
| Other fees for servicesLn 11g | $283K | $91K | $154K | $39K |
| Advertising and promotionLn 12 | $760K | $361K | $396K | $3K |
| OccupancyLn 16 | $1.0M | $966K | $65K | |
| TravelLn 17 | $12K | $6K | $287 | $6K |
| Conferences, conventions and meetingsLn 19 | $68K | $56K | $11K | $412 |
| InterestLn 20 | $333K | $333K | ||
| Depreciation, depletion and amortizationLn 22 | $2.1M | $2.1M | $55K | |
| InsuranceLn 23 | $138K | $49K | $89K | |
| Other expenses (24a–d)Ln 24 | $4.3M | $3.9M | $319K | $88K |
| All other expensesLn 24e | $1.5M | $1.3M | $229K | $10K |
| Total functional expensesLn 25 | $38.9M | $34.3M | $3.6M | $964K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $41.4M | $40.5M | $873K | $72.0M | 990 PDF |
| FY2024 Viewing | $40.0M | $38.9M | $1.0M | $69.8M | 990 PDF |
| FY2023 | $34.7M | $35.2M | −$494K | $67.0M | 990 PDF |
| FY2022 | $31.1M | $31.0M | $5K | $66.1M | 990 PDF |
| FY2021 | $38.7M | $34.1M | $4.7M | $69.4M | 990 PDF |
| FY2020 | $32.3M | $29.7M | $2.6M | $60.6M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $39,971,757 revenue, 12 lines filed
Part VI · Governance 18 of 18 board members independent, no flags
Part VIII · Statement of revenue $39,971,757 across 11 lines filed
Part IX · Statement of functional expenses $38,938,070 across 17 lines filed
Part X · Balance sheet $86,752,537 assets, 19 lines filed
Part XI · Reconciliation of net assets $69,839,546 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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