Nonprofit · EIN 02-0344073
THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED
Tax-exempt · MERRIMACK, NH 03054
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| May 31, 2025 | 990 | $7,978,623 | $6,446,131 | $1,532,492 | $7,966,426 | $329,539 | $7,636,887 |
| May 31, 2024 | 990 | $5,988,598 | $5,789,115 | $199,483 | $7,414,400 | $1,479,063 | $5,935,337 |
Financial details: 990 for the year ended May 31, 2025
Revenue
- Contributions, gifts and grants
- $3,118,917
- Program service revenue
- $4,621,421
- Investment income
- $238,285
- Net gain from sales of assets
- $116,312
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $1,918,354
- Compensation of officers, directors and key employees
- $228,891
- Other salaries and wages
- $1,473,538
- Salaries, compensation and benefits (total)
- $2,109,910
- Professional fundraising fees
- $0
- Accounting fees
- $61,964
- Occupancy
- $957,126
- Travel
- $73,283
- Depreciation
- $133,252
- Program services (functional)
- $5,473,573
- Management and general (functional)
- $756,802
- Fundraising (functional)
- $215,756
Balance sheet and other
- Total assets, start of year
- $7,414,400
- Total assets, end of year
- $7,966,426
- Total liabilities, end of year
- $329,539
- Net assets, end of year
- $7,636,887
- Land, buildings and equipment
- $2,722,893
- Publicly traded securities
- $4,594,656
- Net assets without donor restrictions
- $4,448,552
- Net assets with donor restrictions
- $3,188,335
- Gross receipts
- $8,170,649
- Employees
- 104
- Volunteers
- 15
- Year formed
- 1978
- State of legal domicile
- NH
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 May 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr William E Fahey | President Trustee or director, Officer | 40 | $203,306 | $25,584 |
| Pamela Bernstein | Director of Business Highest-paid employee | 40 | $116,074 | $21,968 |
| Walter J Thompson | Senior Fellow Highest-paid employee | 40 | $119,416 | $8,887 |
| Paul T Jackson | Executive Vice President Highest-paid employee | 40 | $117,414 | $4,438 |
| Denis Kitzinger | Dean Highest-paid employee | 40 | $111,089 | $8,407 |
| Fred Fraser | Fellow Highest-paid employee | 40 | $100,704 | $14,120 |
| T Patrick Monaghan | Chairman Emeritus Trustee or director, Officer | 1 | $0 | $0 |
| Michael C Gilleran | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Hon Scott J Bloch | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Sean Kay | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Henry C Luthin | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| John Castle MD | Trustee Trustee or director | 1 | $0 | $0 |
| Andrew Cernota | Trustee Trustee or director | 1 | $0 | $0 |
| John Hey | Trustee Trustee or director | 1 | $0 | $0 |
| Dennis E Logue | Trustee Trustee or director | 1 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| William B McCarthy | Trustee Trustee or director | 1 | $0 |
| Ryan McKenna | Trustee Trustee or director | 1 | $0 |
| Hon Maureen C Mooney | Trustee Trustee or director | 1 | $0 |
| Michael Mulski | Trustee Trustee or director | 1 | $0 |
| Harry C Veryser | Trustee Trustee or director | 1 | $0 |
| Charles McKinney | Past Trustee Trustee or director | 1 | $0 |
990 for the year ended May 31, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Dr William E Fahey | President Trustee or director, Officer | 40 | $186,758 | $33,211 |
| Pamela Bernstein | Director of Business Highest-paid employee | 40 | $109,219 | $24,194 |
| Walter J Thompson | Dean Highest-paid employee | 40 | $113,703 | $14,253 |
| Paul T Jackson | Executive Vice President Highest-paid employee | 40 | $109,494 | $4,367 |
| T Patrick Monaghan | Chairman Emeritus Trustee or director, Officer | 1 | $0 | $0 |
| Michael C Gilleran | Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Hon Scott J Bloch | Vice Chairman Trustee or director, Officer | 1 | $0 | $0 |
| Sean Kay | Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Henry C Luthin | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| John Castle MD | Trustee Trustee or director | 1 | $0 | $0 |
| Andrew Cernota | Trustee Trustee or director | 1 | $0 | $0 |
| John Hey | Trustee Trustee or director | 1 | $0 | $0 |
| Dennis E Logue | Trustee Trustee or director | 1 | $0 | $0 |
| William B McCarthy | Trustee Trustee or director | 1 | $0 | $0 |
| Charles McKinney | Trustee Trustee or director | 1 | $0 | $0 |
| Ryan McKenna | Trustee Trustee or director | 1 | $0 | $0 |
| Hon Maureen C Mooney | Trustee Trustee or director | 1 | $0 | $0 |
| Michael Mulski | Trustee Trustee or director | 1 | $0 | $0 |
| Harry C Veryser | Trustee Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 6 MANCHESTER ST, MERRIMACK, NH 03054-4855
- Principal officer (990 for 2024)
- William E Fahey, 6 Manchester Street, Merrimack, NH 03054
- Signed the 990
- William E Fahey, President
- Phone
- (603) 880-8308
- Website
- www.thomasmorecollege.edu
- Return prepared by
- Berry Dunn McNeil & Parker LLC
Mission
The Thomas More College of Liberal Arts was founded to provide a solid education in the liberal arts, a Catholic education for students of all faiths, united in the quest for what is true, good, and beautiful. It pursues this mission by seeking wisdom and sharing it joyfully with the world.
Program accomplishments
- A Catholic not-for-profit college offering an undergraduate liberal arts degree. The College has one location in Merrimack, NH which consists of 5 buildings and sits on approximately 14 acres. It is fully accredited by the New England Commission of Higher Education.Expenses $5,473,573 · grants $1,918,354 · revenue $4,621,421
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 May, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | May 31, 2026 | October 15, 2026 | Not on file |
| 2024 | May 31, 2025 | October 15, 2025 | 990 on file |
| 2023 | May 31, 2024 | October 15, 2024 | 990 on file |
IRS record
- EIN
- 02-0344073
- 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
- 1979
- Accounting year ends
- May
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B420)
- Assets (IRS master file)
- $7,966,426
- Income (IRS master file)
- $8,170,649
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | May 2025 | $7,978,623 | $6,446,131 | $7,966,426 | IRS |
| 990 | May 2024 | $5,988,598 | $5,789,115 | $7,414,400 | XML |
| 990 | May 2023 | $5,141,359 | $5,211,264 | $6,989,660 | IRS |
| 990 | May 2022 | – | – | – | IRS |
| 990 | May 2021 | – | – | – | IRS |
| 990 | May 2019 | – | – | – | IRS |
| 990 | May 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 02-0344073).
Questions about THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED
- What is the EIN of THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED?
- The employer identification number (EIN) of THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED is 02-0344073.
- Is THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1979.
- Are donations to THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED 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 THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED due?
- The return for tax year 2025 (the year ending May 31, 2026) is due October 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended May 2025.
- Who is the principal officer of THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED?
- The 990 for the year ended May 31, 2025 names William E Fahey.
- Who are the officers and directors of THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED?
- The 990 for the year ended May 31, 2025 lists 21 people; 6 received compensation from the organization, the highest $203,306 (Dr William E Fahey, President).
- How much revenue does THOMAS MORE COLLEGE OF LIBERAL ARTS INCORPORATED have?
- On its 990 for the year ended May 31, 2025 it reported revenue of $7,978,623, expenses of $6,446,131 and total assets of $7,966,426 at year end.
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