Thoreau College INC

Tax-deductible

Viroqua, WI501(c)(3)EducationEIN 51-0573715

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The purpose of Thoreau College Inc. is to carry out short- and long-term educational programs designed to support the well-being of society and of the human being inspired by the work of Rudolf Steiner L.L. Nunn Henry David Thoreau and N.F.S. Grundtvig. These programs shall include semester and year long programs for young adults as well as short-term classes and workshops for all members of the community.

501(c)(3) charity; gifts are tax-deductible.
81¢ of each $1 spent went to programs.
Run by 5 volunteers and 16 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 4
filings with a surplus
Average deficit $21K a year · 5% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$68K
to officers and key staff · 17% of spending
Top officer’s pay lower than 69% of similar orgs
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $158K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
×25 of total assets
Concern: liabilities are 2500% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$381K
-10% vs prior year
Spent
$406K
To programs
81%
Net assets
−$11K
By yearFY2021–FY2024
Revenue
$381K
FY2024▼ -10%
Revenue by fiscal year
FY2021$353K
FY2022$415K
FY2023$421K
FY2024$381K
Expenses
$406K
FY2024▼ -6%
Expenses by fiscal year
FY2021$385K
FY2022$431K
FY2023$430K
FY2024$406K
Net assets
−$11K
FY2024▼ -173%
Net assets by fiscal year
FY2021$40K
FY2022$23K
FY2023$15K
FY2024−$11K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2009.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $329K Management & general 16% · $67K Fundraising 2% · $10K

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

12 people listed on the 990; $68K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$39,500Pt VII · Sec A
$18,600Pt VII · Sec A
$10,050Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Jacob Hundt’s $40K as Executive Director is at the 31st percentile of top reported officer pay among 1613 $100K–1M 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 · 7 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Jacob Hundt$39,500$33,000$35,000—
Jacob S Hundt———$29,000
Mary E Franklin$18,600$22,000$11,681—
Elizabeth Wildhack—$4,446$14,307—
Liam McGilligan$10,050$4,539——
Robert Karp - Part Year——$7,111—
Julie Tomaro——$805—

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.

See Thoreau College INC executive salaries →

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers educational programs for all ages, fostering societal and personal well-being.

Provided by the organization

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2 programs · $329K · in their own filed words · FY2024
01

Staged gap year and fellowsip programs with a total of 25 young adults and a three-day shakespeare festival with over 200 attendees.

$237Kprogram expense
02

Staged 97 driftless folk school workshops and events, with over 400 unique participants

$92Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$158K
Grants paid · 1 grant · $7K · 2021–2021
Unitemized GrantFY2021$7,230

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$381K
Ln 12
Gifts and grantsLn 1h$208K
Fees for servicesLn 2g$170K
Other incomeLn 4–11$2K
Money outPt IX
$406K
Ln 25
Programscol B$329K
Managementcol C$67K
Fundraisingcol D$10K
Owns and owesPt X
−$11K
net assets · Ln 32
Cash and savingsLn 1–2$465
Total assetsLn 16$465
LiabilitiesLn 26$11K
PeoplePt VI, VII
12
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$208K
Fees for servicesLn 2g$170K
Other incomeLn 4–11$2K
Total revenueLn 12$381K
Assets in detailPt X, end of year
CashLn 1$465
Cash and savings togetherLn 1–2$465
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$465
LiabilitiesLn 26$11K
Net assetsLn 32−$11K
OperationsPt I, VI
EmployeesI 516
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$13K$465
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$13K$465
LiabilitiesLn 26−$2K$11K
Net assetsLn 32$15K−$11K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$68K$29K$29K$10K
Other salaries and wagesLn 7$79K$69K$10K
Payroll taxesLn 10$11K$10K$1K$390
Accounting feesLn 11c$5K$5K
Advertising and promotionLn 12$4K$4K
Office expensesLn 13$548$548
Information technologyLn 14$2K$2K
OccupancyLn 16$78K$78K
TravelLn 17$21K$20K$1K
Conferences, conventions and meetingsLn 19$3K$3K
InsuranceLn 23$8K$7K$976
Other expenses (24a–d)Ln 24$118K$113K$5K
All other expensesLn 24e$8K$3K$5K
Total functional expensesLn 25$406K$329K$67K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $381K$406K−$25K−$11K 990 PDF
FY2023 $421K$430K−$8K$15K 990 PDF
FY2022 $415K$431K−$17K$23K 990 PDF
FY2021 $353K$385K−$32K$40K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $380,535 across 5 lines filed
VIII-1f All other contributions, gifts and grants$208,306
VIII-1h Total contributions, gifts and grants$208,306
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $170,446$170,446
VIII-6 Net rental income or lossExcluded from tax $1,783$1,783
VIII-12 Total revenueRelated to mission $170,446 · Unrelated business $0 · Excluded from tax $1,783$380,535
Part IX · Statement of functional expenses $406,005 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $29,304 · Management $29,305 · Fundraising $9,541$68,150
IX-7 Other salaries and wagesPrograms $68,730 · Management $10,270$79,000
IX-10 Payroll taxesPrograms $9,659 · Management $1,117 · Fundraising $390$11,166
IX-11c Accounting feesManagement $4,719$4,719
IX-12 Advertising and promotionManagement $4,031$4,031
IX-13 Office expensesManagement $548$548
IX-14 Information technologyManagement $2,403$2,403
IX-16 OccupancyPrograms $78,434$78,434
IX-17 TravelPrograms $20,041 · Management $1,450$21,491
IX-19 Conferences, conventions and meetingsManagement $2,670$2,670
IX-23 InsurancePrograms $6,760 · Management $976$7,736
IX-24 Other expenses (24a–d)Programs $113,173 · Management $4,732$117,905
IX-24e All other expensesPrograms $3,057 · Management $4,695$7,752
IX-25 Total functional expensesPrograms $329,158 · Management $66,916 · Fundraising $9,931$406,005
Part X · Balance sheet $465 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $12,991$465
X-4 Accounts receivable$0
X-10c Land, buildings and equipment, net$0
X-16 Total assetsStart of year $12,991$465
X-17 Accounts payable and accrued expensesStart of year −$1,737$1,208
X-26 Total liabilitiesStart of year −$1,737$11,208
X-27 Net assets without donor restrictionsStart of year $14,728−$10,743
X-32 Total net assets or fund balancesStart of year $14,728−$10,743
X-33 Total liabilities and net assetsStart of year $12,991$465
Part XI · Reconciliation of net assets −$10,743 net assets at year end
XI-1 Total revenue$380,535
XI-2 Total expenses$406,005
XI-3 Revenue less expenses−$25,470
XI-4 Net assets at start of year$14,728
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$10,743

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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