Thomas More University
Thomas More University reported $83.2 million in revenue and $67.8 million in expenses for the fiscal year ending May 31, 2025. Of every $100 it spent, $78.28 went to program services, $19.77 to management and general costs and $1.95 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 68.4% of the total. The highest compensation it reported for one person was $577,330 (PRESIDENT). 11 people received more than $100,000 in reportable compensation. Revenue rose 54% 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 $68MFor 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 $83MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 78.3% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 19.8% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.0% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.07 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 24.0% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 0.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 68.4% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $577,330 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.85% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 11 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 12.3 | 13.3 |
| Independent voting board members Part VI 1a–1b | 22 of 23 | 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 expenseFor more than 100 years, Thomas More has created a university for the student who wants to be more, do more, seek more, win more, achieve more, and create more. Since its founding in 1921, Thomas More has provided a mission-driven, liberal arts education that is based in the catholic intellectual tradition. Students learn to harness the power of human reason to solve problems and discover truth, which allows them to begin the journey to become the person they were created to be. Entering into the second century, it's time for more. Serving approximately 2,000 students, Thomas More aspires to…
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, 37.50 hrs/week | $508,170 | $0 | $69,160 | $577,330 |
| VP INSTITUTIONAL ADVANCEME Highest compensated employee, 37.50 hrs/week | $175,192 | $0 | $25,212 | $200,404 |
| VP STRATEGY & IMPACT Highest compensated employee, 37.50 hrs/week | $118,394 | $0 | $58,273 | $176,667 |
| ASST. VP FOR ACADEMIC & STUDENT SUCCESS Highest compensated employee, 37.50 hrs/week | $103,777 | $0 | $49,898 | $153,675 |
| DEAN COLLEGE OF BUSINESS Highest compensated employee, 37.50 hrs/week | $105,812 | $0 | $44,111 | $149,923 |
| VP & CHIEF ACADEMIC OFFICE Highest compensated employee, 37.50 hrs/week | $128,698 | $0 | $11,185 | $139,883 |
| EXECUTIVE VP & CFO (BEGAN 7/15/24) Officer, 37.50 hrs/week | $72,788 | $0 | $16,083 | $88,871 |
| SECRETARY/ASSIST TO PRESIDENT (LEFT 08/19/25) Officer, 37.50 hrs/week | $56,613 | $0 | $14,971 | $71,584 |
11 people received more than $100,000 in reportable compensation from Thomas More University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $565K (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–1b23 · 22 independent
- Audited financial statements Part XII 2bYes
- 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 26Yes
- 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 14bYes
- Employees Part I, line 5797
- Volunteers Part I, line 6100
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| TURNER CONSTRUCTION COMPANY Building/construction | $6,186,959 |
| ARAMARK CORPORATION Food services | $3,131,388 |
| UNITED HEALTHCARE Health insurance | $2,067,873 |
| NATIONAL MANAGEMENT RESOURCES CORP Maintenance services | $1,523,296 |
| JENZABAR INC It service/software | $1,028,296 |
Individuals listed as contractors are left out. 24 contractors were paid more than $100,000 in all.
Private foundation grants it received
15 private foundations reported grants to Thomas More University totaling $485K 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 More 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 More University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Thomas More University spent in FY2025, $78.28 went to programs. The full breakdown, from its IRS Form 990:
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- Walsh UniversityNorth Canton, OH · revenue $83M · programs 91.0% · FY2025
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- Imagine Schools Non-ProfitVienna, VA · revenue $83M · programs 80.2% · FY2025
- The University of TexasTexas A&M Investment Management CompanyAustin, TX · revenue $83M · programs 88.6% · FY2025
Questions people ask
How much of Thomas More University's spending goes to programs?
In the fiscal year ending May 31, 2025, Thomas More University reported that 78.3% of its $67.8 million in expenses went to program services, 19.8% to management and general and 2.0% to fundraising (Form 990, Part IX).
How much does Thomas More University pay its top executive?
The largest total compensation Thomas More University reported for one person in the fiscal year ending May 31, 2025 was $577,330, for the role of PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Thomas More University get its money?
Of $83.2 million in revenue in the fiscal year ending May 31, 2025, 24.0% came from contributions and grants (including 0.1% from government grants) and 68.4% from program service revenue (Form 990, Part VIII).
Is Thomas More University a registered charity?
The IRS lists EIN 61-0448560 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 202610969349300131 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending May 31, 2024, object 202521009349301042 · read the filing
- FY2023: Form 990 for the fiscal year ending May 31, 2023, object 202440819349301009 · read the filing
- FY2022: Form 990 for the fiscal year ending May 31, 2022, object 202330749349300108 · read the filing
- FY2021: Form 990 for the fiscal year ending May 31, 2021, object 202240719349300304 · read the filing
- FY2020: Form 990 for the fiscal year ending May 31, 2020, object 202140779349300529 · read the filing
All filings for EIN 61-0448560: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.