Thinking Nation Corp FY2022 filing

Tax-deductible

Porter Ranch, CA501(c)(3)EducationEIN 85-0606371Revenue $348K in FY2022

On file with the IRSthinkingnation.org12055 Shadow Ridge Way, 91326-4023 · Porter Ranch, CATax-exempt since Oct 2020Publicly supported — 509(a)(2)

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Helping schools cultivate Thinking citizens through history curriculum and assessments.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$199K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $28K a year · 3% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$199K
to officers and key staff · 56% of spending
Concern: pay to officers and key staff is 56% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.2M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$348K
-24% vs prior year
Spent
$357K
To programs
79%
Net assets
$528K
By yearFY2021–FY2025
Revenue
$348K
FY2022▼ -24%
Tap a bar for its year
Revenue by fiscal year
FY2021$457K
FY2022$348K
FY2023$900K
FY2024$1.3M
FY2025$1.5M
Expenses
$357K
FY2022▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2021$374K
FY2022$357K
FY2023$785K
FY2024$1.4M
FY2025$1.5M
Net assets
$528K
FY2022▼ -2%
Tap a bar for its year
Net assets by fiscal year
FY2021$536K
FY2022$528K
FY2023$674K
FY2024$640K
FY2025$554K

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Oct 2020.

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

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $282K Management & general 21% · $75K

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

6 people listed on the 990; $199K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chief Operating Officer
$103,207Pt VII · Sec A
Executive Director
$95,379Pt VII · Sec A
Board President
$0Pt VII · Sec A
Secretary/Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member (term End Jan. 2022)
$0Pt VII · Sec A

Elizabeth Connolly’s $135K as Chief Partnership Officer is at the 56th percentile of top reported officer pay among 3395 $1–10M 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Elizabeth Connolly$134,995$150,000———
Spenser Mix$104,882$96,320$91,162$103,207$45,304
Zachary Cote$104,882$96,320$91,162$95,379$45,024
Mary Elizabeth Connelly——$25,801——

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

Develops history curriculum and assessments to help schools cultivate thinking citizens.

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Provided by the organization

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1 program · $282K · in their own filed words · FY2021
01

Providing document-based curriculum that allows students to practice interdisciplinary reading, writing, and analysis skills necessary for success in all subjects. Our curriculum can be administered online or in PDF format allowing for both virtual and classroom instruction.

$282Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$1.2M

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$348K
Ln 12
Gifts and grantsLn 1h$300K
Fees for servicesLn 2g$48K
Money outPt IX
$357K
Ln 25
Programscol B$282K
Managementcol C$75K
Owns and owesPt X
$528K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$528K
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$300K
Fees for servicesLn 2g$48K
Total revenueLn 12$348K
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
Total assetsLn 16$528K
LiabilitiesLn 26$0
Net assetsLn 32$528K
OperationsPt I, VI
EmployeesI 511
VolunteersI 60
Fiscal year endsHeaderJune
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 FY22End FY22
Cash and savingsLn 1–2$159K$67K
Total assetsLn 16$536K$528K
LiabilitiesLn 26$0$0
Net assetsLn 32$536K$528K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$202K$202K
Other salaries and wagesLn 7$18K$18K
Payroll taxesLn 10$16K$16K
Legal feesLn 11b$625$625
Accounting feesLn 11c$8K$8K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$3K$3K
Information technologyLn 14$46K$46K
TravelLn 17$4K$4K
Conferences, conventions and meetingsLn 19$41K$41K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$1K$1K
All other expensesLn 24e$205$205
Total functional expensesLn 25$357K$282K$75K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.5M$1.5M−$10K$554K 990 PDF
FY2024 $1.3M$1.4M−$42K$640K 990 PDF
FY2023 $900K$785K$115K$674K 990 PDF
FY2022 Viewing $348K$357K−$9K$528K 990 PDF
FY2021 $457K$374K$83K$536K 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 FY2022 990 (6 parts)
Part I · Summary $348,426 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $450,000$300,000
I-9 Program service revenuePrior year $7,060$48,426
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $457,060$348,426
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $240,200$236,173
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $133,498$120,765
I-18 Total expensesPrior year $373,698$356,938
I-19 Revenue less expensesPrior year $83,362−$8,512
Part VI · Governance 3 of 3 board members independent, 2 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $348,426 across 4 lines filed
VIII-1f All other contributions, gifts and grants$300,000
VIII-1h Total contributions, gifts and grants$300,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $48,426$48,426
VIII-12 Total revenueRelated to mission $48,426 · Unrelated business $0 · Excluded from tax $0$348,426
Part IX · Statement of functional expenses $356,938 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $202,490$202,490
IX-7 Other salaries and wagesPrograms $18,092$18,092
IX-10 Payroll taxesPrograms $15,591$15,591
IX-11b Legal feesManagement $625$625
IX-11c Accounting feesManagement $8,032$8,032
IX-12 Advertising and promotionManagement $1,657$1,657
IX-13 Office expensesManagement $3,264$3,264
IX-14 Information technologyPrograms $45,507$45,507
IX-17 TravelManagement $3,643$3,643
IX-19 Conferences, conventions and meetingsManagement $40,773$40,773
IX-23 InsuranceManagement $15,994$15,994
IX-24 Other expenses (24a–d)Management $1,065$1,065
IX-24e All other expensesManagement $205$205
IX-25 Total functional expensesPrograms $281,680 · Management $75,258 · Fundraising $0$356,938
Part X · Balance sheet $527,735 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $159,327$67,185
X-9 Prepaid expenses and deferred chargesStart of year $2,970$2,640
X-14 Intangible assetsStart of year $373,950$457,910
X-16 Total assetsStart of year $536,247$527,735
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $536,247$527,735
X-32 Total net assets or fund balancesStart of year $536,247$527,735
X-33 Total liabilities and net assetsStart of year $536,247$527,735
Part XI · Reconciliation of net assets $527,735 net assets at year end
XI-1 Total revenue$348,426
XI-2 Total expenses$356,938
XI-3 Revenue less expenses−$8,512
XI-4 Net assets at start of year$536,247
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$527,735

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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