Nonprofit · EIN 01-0224769
TRUSTEES OF THORNTON ACADEMY
Tax-exempt · SACO, ME 04072
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $35,329,067 | $31,852,264 | $3,476,803 | $64,716,173 | $19,290,394 | $45,425,779 |
| June 30, 2024 | 990 | $33,702,538 | $30,188,696 | $3,513,842 | $62,191,014 | $21,181,460 | $41,009,554 |
| June 30, 2023 | 990 | $33,117,795 | $30,229,155 | $2,888,640 | $59,395,279 | $22,798,490 | $36,596,789 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $529,596
- of which government grants
- $3,203
- Program service revenue
- $33,457,409
- Investment income
- $1,253,474
- Net rental income
- $8,960
- Net income from fundraising events
- $63,820
- Net income from gaming
- $15,808
- Other revenue
- $88,588
Expenses
- Grants and similar amounts paid
- $2,154,199
- Compensation of officers, directors and key employees
- $475,136
- Other salaries and wages
- $12,925,463
- Salaries, compensation and benefits (total)
- $18,251,939
- Professional fundraising fees
- $0
- Legal fees
- $14,005
- Accounting fees
- $24,150
- Travel
- $128,232
- Depreciation
- $1,812,974
- Program services (functional)
- $30,174,656
- Management and general (functional)
- $1,271,167
- Fundraising (functional)
- $406,441
Balance sheet and other
- Total assets, start of year
- $62,191,014
- Total assets, end of year
- $64,716,173
- Total liabilities, end of year
- $19,290,394
- Net assets, end of year
- $45,425,779
- Land, buildings and equipment
- $32,707,786
- Publicly traded securities
- $13,495,122
- Net assets without donor restrictions
- $36,892,951
- Net assets with donor restrictions
- $8,532,828
- Gross receipts
- $35,394,497
- Employees
- 300
- Volunteers
- 118
- Year formed
- 1811
- State of legal domicile
- ME
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RENE MENARD | HEADMASTER Officer | 40 | $293,912 | $14,701 |
| CAROL TARANKO | ASSOCIATE HO Highest-paid employee | 40 | $141,085 | $34,133 |
| CLINT M WILLIAMS | DIR. OF ENRO Highest-paid employee | 40 | $140,948 | $27,827 |
| ANN MARIE SWENSON | CFO Officer | 40 | $153,891 | $1,798 |
| BENJAMIN B NASSE | DIR. OF TECH Highest-paid employee | 40 | $121,074 | $27,827 |
| MATTHEW COOK | DIR. OF FACI Highest-paid employee | 40 | $121,800 | $12,487 |
| CATHERINE HARTMAN PARADIS | DIR. OF RES. Highest-paid employee | 40 | $115,569 | $4,809 |
| ERIC PURVIS | PRESIDENT Trustee or director, Officer | 6 | $0 | $0 |
| PEGGY O'NEIL | VICE PRESIDE Trustee or director, Officer | 6 | $0 | $0 |
| VANGEL COTSIS | SECRETARY/TR Trustee or director, Officer | 6 | $0 | $0 |
| PHILIP FEARON | ASST. TREASU Trustee or director, Officer | 6 | $0 | $0 |
| BERNARD GAINES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT GOWEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOEL LEVESQUE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KIRK PURVIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
7 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM MURPHY | TRUSTEE Trustee or director | 2 | $0 |
| PAUL REMMES | TRUSTEE Trustee or director | 2 | $0 |
| ANGELA BOLDUC | TRUSTEE Trustee or director | 2 | $0 |
| KRISTINE DELANO | TRUSTEE Trustee or director | 2 | $0 |
| MARK WILLETT | TRUSTEE Trustee or director | 2 | $0 |
| PAULA SCULLY | TRUSTEE Trustee or director | 2 | $0 |
| RON SCHNEIDER | TRUSTEE Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RENE MENARD | HEADMASTER Officer | 40 | $278,021 | $13,153 |
| CAROL TARANKO | ASSOCIATE HO Highest-paid employee | 40 | $128,556 | $32,089 |
| CLINT M WILLIAMS | DIR. OF ENRO Highest-paid employee | 40 | $133,960 | $26,467 |
| BENJAMIN B NASSE | DIR. OF TECH Highest-paid employee | 40 | $124,731 | $26,467 |
| ANN MARIE SWENSON | CFO Officer | 40 | $148,497 | $1,664 |
| CATHERINE PARADIS | DIR. OF RES. Highest-paid employee | 40 | $112,534 | $4,255 |
| GARY STEVENS | DIR. OF ATHL Highest-paid employee | 40 | $114,229 | $503 |
| ERIC PURVIS | PRESIDENT Trustee or director, Officer | 6 | $0 | $0 |
| PEGGY O'NEIL | VICE PRESIDE Trustee or director, Officer | 6 | $0 | $0 |
| VANGEL COTSIS | SECRETARY/TR Trustee or director, Officer | 6 | $0 | $0 |
| PHILIP FEARON | ASST. TREASU Trustee or director, Officer | 6 | $0 | $0 |
| BERNARD GAINES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT GOWEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOEL LEVESQUE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KIRK PURVIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TIM MURPHY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAUL REMMES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ANGELA BOLDUC | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KRISTINE DELANO | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARK WILLETT | TRUSTEE Trustee or director | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RENE MENARD | HEADMASTER Officer | 40 | $253,729 | $11,311 |
| CLINT WILLIAMS | DIR. OF ENRO Highest-paid employee | 40 | $134,807 | $26,566 |
| CAROL TARANKO | ASSOC. HOS Highest-paid employee | 40 | $126,650 | $31,429 |
| BENJAMIN NASSE | DIR. OF TECH Highest-paid employee | 40 | $129,015 | $26,566 |
| ANN-MARIE SWENSON | CFO Officer | 40 | $143,917 | $1,664 |
| KEVIN KEZAL | CLASS DEAN & Highest-paid employee | 40 | $107,084 | $29,593 |
| TIFFANY ROBERT | MIDDLE SCHOO Highest-paid employee | 40 | $100,502 | $30,360 |
| ERIC PURVIS | PRESIDENT Trustee or director, Officer | 6 | $0 | $0 |
| PEGGY O'NEIL | VICE PRESIDE Trustee or director, Officer | 6 | $0 | $0 |
| VANGEL COTSIS | SECRETARY/TR Trustee or director, Officer | 6 | $0 | $0 |
| PHILIP FEARON | ASSISTANT TR Trustee or director, Officer | 6 | $0 | $0 |
| ANGELA BOLDUC | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROGER MILES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| TIMOTHY MURPHY | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BRIAN DALLAIRE | TRUSTEE Trustee or director | 2 | $0 | $0 |
| KIRK PURVIS | TRUSTEE Trustee or director | 2 | $0 | $0 |
| BERNARD GAINES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| PAUL REMMES | TRUSTEE Trustee or director | 2 | $0 | $0 |
| ROBERT GOWEN | TRUSTEE Trustee or director | 2 | $0 | $0 |
| MARK WILLETT | TRUSTEE Trustee or director | 2 | $0 | $0 |
| NATE HOWELL | TRUSTEE Trustee or director | 2 | $0 | $0 |
| JOEL LEVESQUE | TRUSTEE Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 438 MAIN ST, SACO, ME 04072-1565
- Principal officer (990 for 2024)
- ERIC PURVIS, 438 MAIN STREET, SACO, ME 04072
- Signed the 990
- ERIC PURVIS, PRESIDENT
- Phone
- (207) 282-3361
- Website
- THORNTONACADEMY.ORG
- Return prepared by
- RUNYON KERSTEEN OUELLETTE
Mission
THORNTON ACADEMY PREPARES STUDENTS FOR A CHANGING WORLD, CHALLENGING ALL TO LEARN, GROW, INNOVATE AND SUCCEED THROUGH A GRADE 6-12 PRIVATE SCHOOL, INCLUDING BOARDING PROGRAM.
Program accomplishments
- PROVIDED GRADE 6-12 PRIVATE SCHOOL EDUCATION. STUDENTS INCLUDE THOSE FROM SENDING MUNICIPALITIES OF SACO, DAYTON AND ARUNDEL, PRIVATE PAY DAY STUDENTS AND INTERNATIONAL BOARDING STUDENTS.Expenses $30,174,656 · grants $2,154,199 · revenue $33,457,409
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 01-0224769
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1951
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B25Z)
- Assets (IRS master file)
- $64,716,173
- Income (IRS master file)
- $35,394,497
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $35,329,067 | $31,852,264 | $64,716,173 | IRS |
| 990 | June 2024 | $33,702,538 | $30,188,696 | $62,191,014 | IRS |
| 990 | June 2023 | $33,117,795 | $30,229,155 | $59,395,279 | XML |
| 990 | June 2022 | $31,056,613 | $30,165,151 | $56,389,657 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 01-0224769).
Questions about TRUSTEES OF THORNTON ACADEMY
- What is the EIN of TRUSTEES OF THORNTON ACADEMY?
- The employer identification number (EIN) of TRUSTEES OF THORNTON ACADEMY is 01-0224769.
- Is TRUSTEES OF THORNTON ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1951.
- Are donations to TRUSTEES OF THORNTON ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does TRUSTEES OF THORNTON ACADEMY file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of TRUSTEES OF THORNTON ACADEMY due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did TRUSTEES OF THORNTON ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of TRUSTEES OF THORNTON ACADEMY?
- The 990 for the year ended June 30, 2025 names ERIC PURVIS.
- Who are the officers and directors of TRUSTEES OF THORNTON ACADEMY?
- The 990 for the year ended June 30, 2025 lists 22 people; 7 received compensation from the organization, the highest $293,912 (RENE MENARD, HEADMASTER).
- How much revenue does TRUSTEES OF THORNTON ACADEMY have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $35,329,067, expenses of $31,852,264 and total assets of $64,716,173 at year end.
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