Thorpewood INC EIN 99-2544901

Thorpewood INC

EIN  99-2544901 Public charity (501(c)(3)) Thurmont, MD Founded 2024
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
an environmental nonprofit
Leadership
Kaili Van Waveren · Executive Director · $84K
Money in and out
$669K revenue, $598K expenses
Bottom line
66% program efficiency

Thorpewood INC is an environmental nonprofit based in Thurmont, MD, formed in 2024. For fiscal year 2025 it reported $669K in revenue, $598K in expenses, and $57K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$669K
Pt VIII · Ln 12
Total expenses
$598K
Pt IX · Ln 25
Net assets
$57K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $71K
Where spending went · Part IX cols B–D
Program services $0.66 Management & general $0.30 Fundraising $0.04
Program efficiency
66%
of spending reaches programs
Operating runway
1.3mo
months of highly liquid reserves at operating expense rate
Surplus margin
+11%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Total revenue
$669K
Pt VIII · Ln 12
Total expenses
$598K
Pt IX · Ln 25
Net assets
$57K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$71K
Total assetsPt X · Ln 16$63K
Program-expense ratioPt IX · col B66%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

3 program services account for $395K of program spending, described in the organization's own filed words · FY2025.
01

Ecotherapy

A nature-based mental health and social emotional learning program for elementary and middle school students

$388Kprogram expense
02

Umbrella Project

Backpacking, hiking, and other outdoor adventure programs designed for the adults who are grieving the death of a loved one.

$8Kprogram expense
03

Nonclinical Community Events and Programs

Focus on environmental stewardship and nature education; wellness; while continuing to promote wellness, connection; teambuilding; and recreation.

$32program expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThorpewood INC
EINHdr · item D99-2544901
Principal addressHdr · item CThurmont, MD
WebsiteHdr · item Jthorpewood.org
Year of formationHdr · item L2024
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEnvironment (C99)
Ruling yearIRS BMFDec 2024

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
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 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$84,141Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Kaili Van Waveren’s $84K as Executive Director is at the 67th percentile of top reported officer pay among 1981 $100K–1M environment 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.

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Statement of Revenue

Part VIII
Contributions & grants$653K · 98%
Program service revenue$11K · 2%
Other revenue$4K · 1%
Contributions & grants98%$653K
Program service revenue2%$11K
Other revenue1%$4K
Investment income$680
Total revenueLn 12$669K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.66 Management & general $0.30 Fundraising $0.04
Program services66%$395K
Management & general30%$177K
Fundraising4%$25K
Total functional expensesLn 25$598K

Balance Sheet

Part X · end of year
CashLn 1$63K
Total assetsLn 16$63K
Total liabilitiesLn 26$6K
Total net assetsLn 32$57K
Months of cash on handcomputed1.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $63K · Operating expenses/yr $598K
1.3 months
Where the money goes
Program services
Program services $395K · Total expenses $598K
66%
Management & General
Management & general $177K · Total expenses $598K
30%
Fundraising
Fundraising $25K · Total expenses $598K
4%
Cost to raise $1
Fundraising expense $25K · Solicited contributions $653K
$0.04 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $653K · Total revenue $669K
98%
Government reliance
Government grants — · Total revenue $669K
Earned-income share
Program service revenue $11K · Total revenue $669K
2%
Investment reliance
Investment income $680 · Total revenue $669K
0%
Program self-sufficiency
Program service revenue $11K · Total expenses $598K
2%
Growth & trend
Revenue growth (YoY)
This year $669K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $57K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $669K · Expenses $598K
+11%
Liabilities-to-Assets
Total liabilities — · Total assets $63K
Net-asset ratio
Net assets $57K · Total assets $63K
90%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $63K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Kaili Van Waveren · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $84K · Total expenses $598K
14%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $340K · Total expenses $598K
57%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 66%
Overhead ratio 30%
Fundraising cost ratio 4%

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 · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$40K

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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
FY2025 (Latest)$669K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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