Thomas University
Thomas University reported $21.3 million in revenue and $22.4 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $76.30 went to program services, $23.70 to management and general costs and $0.00 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 81.5% of the total. Government grants made up 11.1%. The highest compensation it reported for one person was $385,457 (PRESIDENT). 5 people received more than $100,000 in reportable compensation. Revenue rose 18% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending May 31, 2025 · Form 990, Part IX, line 25 · total expenses $22MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending May 31, 2025 · Form 990, Part VIII · total revenue $21M- Contributions & grants (non-government)$4.89 $1.0M
- Government grants$11.06 $2.4M
- Program service revenue$80.99 $17M
- Investment income$3.06 $656K
Other revenue was negative: −$124K. The bar shows the positive sources only.
The 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 76.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 23.7% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.00 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 16.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 11.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 81.5% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $385,457 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 1.72% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 5 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 8.5 | 13.3 |
| Independent voting board members Part VI 1a–1b | 21 of 22 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseThe primary exempt purpose of Thomas University is to provide educational and general instruction services through a dynamic learning environment. Innovative models for reaching learners by faculty and staff. Offering associate's, bachelor's, and master's degrees, our highest goal is to provide an educational experience that explores and develops each student's full potential. Number of graduates for the fiscal year: 466
Student services - a Thomas University education includes curricular and co-curricular experiences which increase the trajectory of a student's development socially, physically, culturally, and intellectually. As a result, the overall student experience is one which gives students the opportunity to test the theoretical in real world applications, thus preparing them for life beyond higher education. These services include athletics, placement registrar, financial aid, security, business office and other support to current and former students. Enrolled students may become involved in one of…
The university conducted auxiliary programs for the convenience of students, faculty, staff, and the at-large community. These programs consist of student housing, food sales, and athletic camps
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT Director/trustee, officer, 55.00 hrs/week | $353,345 | $0 | $32,112 | $385,457 |
| VP OF ENROLLMENT Officer, 50.00 hrs/week | $116,148 | $0 | $15,538 | $131,686 |
| VP OF INSTITUTIONAL ADVANCEMENT Officer, 55.00 hrs/week | $129,055 | $0 | $1,612 | $130,667 |
| PROVOST Officer, 50.00 hrs/week | $113,751 | $0 | $12,631 | $126,382 |
| VP OF MILITARY/CORPORATE RELATIONS Officer, 50.00 hrs/week | $104,000 | $0 | $8,297 | $112,297 |
| FORMER CFO Officer, 50.00 hrs/week | $83,681 | $0 | $5,121 | $88,802 |
| INTERIM CFO Officer, 50.00 hrs/week | $80,712 | $0 | $5,542 | $86,254 |
5 people received more than $100,000 in reportable compensation from Thomas University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $855K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b22 · 21 independent
- Audited financial statements Part XII 2bNo
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5450
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| NATIONAL MANAGEMENT RESOURCES Maintenance services | $631,445 |
| NETWORK TECHNOLOGY SOLUTIONS It services | $165,765 |
Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.
Private foundation grants it received
5 private foundations reported grants to Thomas University totaling $156K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Thomas University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Thomas University, you can publish a response that is linked from this page.
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Of every $100 Thomas University spent in FY2025, $76.30 went to programs. The full breakdown, from its IRS Form 990:
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- COOP CareersNew York, NY · revenue $21M · programs 72.8% · 2024
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Questions people ask
How much of Thomas University's spending goes to programs?
In the fiscal year ending May 31, 2025, Thomas University reported that 76.3% of its $22.4 million in expenses went to program services, 23.7% to management and general and 0.0% to fundraising (Form 990, Part IX).
How much does Thomas University pay its top executive?
The largest total compensation Thomas University reported for one person in the fiscal year ending May 31, 2025 was $385,457, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Thomas University get its money?
Of $21.3 million in revenue in the fiscal year ending May 31, 2025, 16.0% came from contributions and grants (including 11.1% from government grants) and 81.5% from program service revenue (Form 990, Part VIII).
Is Thomas University a registered charity?
The IRS lists EIN 58-0644897 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending May 31, 2025, object 202641059349300424 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202531219349301493 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202430889349301703 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202330819349300708 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202231019349300723 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202120399349300032 · read the filing
All filings for EIN 58-0644897: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.