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Thoreau College INC EIN 51-0573715

Thoreau College INC

EIN  51-0573715 Higher education institution Viroqua, WI
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Size
$100K–1M
What they do
Offers educational programs for all ages, fostering societal and personal well-being.
Leadership
Jacob Hundt · Executive Director · $40K
Money in and out
$381K revenue, $406K expenses
Bottom line
-7% operating surplus

Offers educational programs for all ages, fostering societal and personal well-being. For fiscal year 2024 it reported $381K in revenue, $406K in expenses, and $-11K in net assets.Pt I

Financial scale & money flow · FY2024
Total revenue
$381K
Pt VIII · Ln 12
Total expenses
$406K
Pt IX · Ln 25
Net assets
$-11K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$25K
Where spending went · Part IX cols B–D
Program services $0.81 Management & general $0.16 Fundraising $0.02
Operating surplus
-7%
revenue over expenses, this legal entity▼ -239% vs prior filing year
Payroll share
39%
of this entity's spending is salaries & benefits▲ +13% vs prior filing year
Program spending
81%
of expenses reach program services▼ -1% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$381K
FY2024▼ -10%
Expenses
$406K
FY2024▼ -6%
Total assets
$465
FY2024▼ -96%
Total liabilities
$11K
FY2024▲ +745%
Total revenue
$381K
Pt VIII · Ln 12
Total expenses
$406K
Pt IX · Ln 25
Net assets
$-11K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$25K
Total assetsPt X · Ln 16$465
Program-expense ratioPt IX · col B81%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

2 program services account for $329K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThoreau College INC
EINHdr · item D51-0573715
Principal addressHdr · item CViroqua, WI
WebsiteHdr · item Jthoreaucollege.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B90)
Ruling yearIRS BMFApr 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b12
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Jacob Hundt
Executive Director
$39,500Pt VII · Sec A
$18,600Pt VII · Sec A
$10,050Pt VII · Sec A
Vince Hundt
Director
$0Pt VII · Sec A
Dan McCarren
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Tom Vassao
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 1616 $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.

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Statement of Revenue

Part VIII
Contributions & grants$208K · 55%
Program service revenue$170K · 45%
Contributions & grants55%$208K
Program service revenue45%$170K
Other revenue$2K
Total revenueLn 12$381K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.81 Management & general $0.16 Fundraising $0.02
Program services81%$329K
Management & general16%$67K
Fundraising2%$10K
Total functional expensesLn 25$406K

Balance Sheet

Part X · end of year
CashLn 1$465
Total assetsLn 16$465
Total liabilitiesLn 26$11K
Total net assetsLn 32$-11K
Months of cash on handcomputed0.0

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $465 · Operating expenses/yr $406K
0.0 months
Where the money goes
Program services
Program services $329K · Total expenses $406K
81%
Management & General
Management & general $67K · Total expenses $406K
16%
Fundraising
Fundraising $10K · Total expenses $406K
2%
Cost to raise $1
Fundraising expense (3-yr avg) $9K · Solicited contributions (3-yr avg) $183K
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $208K · Total revenue $381K
55%
Government reliance
Government grants — · Total revenue $381K
—
Earned-income share
Program service revenue $170K · Total revenue $381K
45%
Investment reliance
Investment income $0 · Total revenue $381K
0%
Program self-sufficiency
Program service revenue $170K · Total expenses $406K
42%
Growth & trend
Revenue growth (YoY)
This year $381K · Prior year $421K
-10%
Net-asset trend (YoY)
End of year $-11K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $381K · Expenses $406K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $465
—
Net-asset ratio
Net assets $-11K · Total assets $465
-2310%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $465
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jacob Hundt · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $40K · Total expenses $406K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $158K · Total expenses $406K
39%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 81%——
Overhead ratio 16%——
Fundraising cost ratio 5%——
Revenue growth -10%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Pax Am Foundation TrustFY2024$138K
Myrin Institute INCFY2024$20K
Total grants receivedfrom 2 funders$158K
Grants paid · 1 grant · $7K · 2021–2021
Unitemized GrantFY2021$7,230

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$381K revenue · viewing · ⤓ 990 PDF
FY2023$421K revenue · ⤓ 990 PDF
FY2022$415K revenue · ⤓ 990 PDF
FY2021$353K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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