Nonprofit · EIN 20-4463768
CHARITABLE FUND OF MICHAEL W THORNE
Tax-exempt · W LONG BRANCH, NJ 07764
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $11,990 | $10,887 | $1,103 | $175,800 | – | $175,800 |
| December 31, 2024 | 990-EZ | $27,670 | $10,774 | $16,896 | $174,697 | – | $174,697 |
| December 31, 2023 | 990-EZ | $20,947 | $5,903 | $15,044 | $157,801 | – | $157,801 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $550
- Investment income
- $5,246
- Net gain from sales of assets
- $6,194
Expenses
- Compensation of officers, directors and key employees
- $0
- Professional fees and payments to contractors
- $4,066
- Other expenses
- $6,821
- Program services (functional)
- $6,200
Balance sheet and other
- Total assets, start of year
- $174,697
- Total assets, end of year
- $175,800
- Total liabilities, end of year
- –
- Net assets, end of year
- $175,800
- Cash, savings and investments
- $175,800
- Gross receipts
- $128,468
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-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MINDY BRADY | TREASURE | 0 | $0 |
| NANCY THORNE | PRESIDENT | 0 | $0 |
| PAUL MORGANO | VICE PRESIDE | 0 | $0 |
| PATRICIA ZIMMERMANN | SECRETARY | 0 | $0 |
990-EZ for the year ended December 31, 2024: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MINDY BRADY | PRESIDENT | 0 | $0 |
990-EZ for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MINDY BRADY | PRESIDENT | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 442, W LONG BRANCH, NJ 07764-0442
- Signed the 990-EZ
- MINDY BRADY, TREASURE
- Phone
- (732) 222-0725
- Website
- WWW.THORNESCHOLARSHIPRUN.ORG
- Return prepared by
- DONATO HAYES & COMPANY CPA LLC
Mission
THE CORPORATION IS ORGANIZED EXCLUSIVELY TO MAKE DISTRIBUTIONS IN THE FORM OF SCHOLARSHIP AWARDS TO STUDENTS WHO HAVE DEMONSTRATED A CONNECTION TO THE LOCAL COMMUNITY AND WHO EXHIBIT EXCELLENCE AND COMMITTMENT TO SCHOLASTIC ACHIEVEMENT, PUBLIC SERVICE AND OTHER EXTRACURRICULAR ACTIVITIES. THEY ALSO PROVIDE FINANCIAL ASSISTANCE TO, OR ON BEHALF OF, CHARITABLE ORGANIZATIONS IN THE MEMORY OF MICHAEL W THORNE.
Program accomplishments
- SCHOLARSHIP AWARDS TO LOCAL STUDENTSExpenses $6,200
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-4463768
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T31)
- Assets (IRS master file)
- $175,800
- Income (IRS master file)
- $128,468
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $11,990 | $10,887 | $175,800 | XML |
| 990-EZ | December 2024 | $27,670 | $10,774 | $174,697 | XML |
| 990-EZ | December 2023 | $20,947 | $5,903 | $157,801 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 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 20-4463768).
Questions about CHARITABLE FUND OF MICHAEL W THORNE
- What is the EIN of CHARITABLE FUND OF MICHAEL W THORNE?
- The employer identification number (EIN) of CHARITABLE FUND OF MICHAEL W THORNE is 20-4463768.
- Is CHARITABLE FUND OF MICHAEL W THORNE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2006.
- Are donations to CHARITABLE FUND OF MICHAEL W THORNE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CHARITABLE FUND OF MICHAEL W THORNE 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 CHARITABLE FUND OF MICHAEL W THORNE due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did CHARITABLE FUND OF MICHAEL W THORNE last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who are the officers and directors of CHARITABLE FUND OF MICHAEL W THORNE?
- The 990-EZ for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does CHARITABLE FUND OF MICHAEL W THORNE have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $11,990, expenses of $10,887 and total assets of $175,800 at year end.
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