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Thomas College

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 010263385 ✦ Waterville, ME ✦ Designated as a 501(c)(3)

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Overview

What is Thomas College?

Thomas College is a nonprofit educational institution located at 180 West River Road, Waterville, ME 04901. It offers undergraduate and graduate programs to approximately 1,080 students, including full-time and part-time, focusing on areas like business, education, technology, criminal justice, and psychology. The mission of Thomas College is to empower students to achieve success in their personal and professional lives and to take on leadership and service roles in their communities. The college provides a supportive learning environment tailored to individual students. Thomas College prepares students to unlock their unique potential and excel in their chosen fields while upholding ethics and integrity. With a team of 432 employees, the institution is dedicated to fostering professional excellence and promoting the growth of its students.


Official website here: www.thomas.edu

What are the reviews and ratings of this charity?

Charity Navigator Rating: 96% (Four-Star out of Four Stars)

Thomas College has earned a strong Four-Star rating from Charity Navigator, reflecting its high level of accountability and finance management. The overall score is based entirely on its performance in accountability and finance, indicating a strong emphasis on transparency and effective governance.

The organization features an independent board comprised almost entirely of independent members, showcasing its commitment to unbiased oversight. It has received top scores in various areas, including its audit and oversight committee, conflict of interest policy, and the management of financial documents, all of which contribute to a robust operational framework.

While the financial health of Thomas College is commendable, with a low liabilities-to-assets ratio and a high percentage of expenses directed toward programs, it is essential for potential donors and stakeholders to consider ongoing financial performance and mission impact in their decision-making. Overall, Thomas College demonstrates a solid foundation for trust and operational integrity.


This AI summary has been generated from information found on Charity Navigator.

Is Thomas College legitimate?

Thomas College is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thomas College submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $913,623
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,183,270

For more financial information, click here


Official website here: www.thomas.edu

What is the mission statement of Thomas College?

Thomas College is dedicated to helping students achieve success in their personal and professional lives, as well as becoming leaders and contributors to their communities. The college offers a nurturing learning environment that prioritizes the unique needs and aspirations of each student. At Thomas College, students have the opportunity to unlock their full potential. The various programs at the institution emphasize professional excellence, guided by ethical and moral principles.


Official website here: www.thomas.edu

Who is the CEO of Thomas College?

Laurie Lachance is the President of Thomas College.


Official website here: www.thomas.edu

What is the revenue of Thomas College?

Thomas College's revenue in 2022 was $31,052,244.


Official website here: www.thomas.edu

Who are the executives of Thomas College and what are their salaries?

The average compensation at Thomas College during 2022 was $21,058. There are 432 employees at Thomas College.


Here are 30 key members and their salaries:


Conrad Ayotte (Chairperson)
  • Compensation: $0
  • Related: $0
  • Other: $0
Brian Bernatchez (1St Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Douglas Cutchin (2Nd Vice Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kenneth Viens (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Clifford Abbott Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Michael Dappolonia (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Doyle (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
William Dubay (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Holly D Ferguson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robin Goodwin (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charles Johnson (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Meredith Jones (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Danielle Marquis (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph B Moore (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cary Olson-Cartwright (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dorcas Riley (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gregory Savard (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kelley B Shimansky (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Richard Spellman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Laurie Lachance (President)
  • Compensation: $288,056
  • Related: $0
  • Other: $44,157
Bernard Ouellette (Executive Vice President)
  • Compensation: $205,790
  • Related: $0
  • Other: $49,126
Thomas Edwards (Vp Academic Affairs)
  • Compensation: $162,275
  • Related: $0
  • Other: $29,473
Joan Wescott (Treasurer)
  • Compensation: $131,664
  • Related: $0
  • Other: $29,193
Erin Baltes (Vp Of Advancement)
  • Compensation: $125,103
  • Related: $0
  • Other: $7,822
Todd Smith (Chief Operating Officer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Edmund Cervone (Exec. Director Center For Innovation)
  • Compensation: $135,655
  • Related: $0
  • Other: $7,919
Christopher Rhoda (Vp For Information Services)
  • Compensation: $130,230
  • Related: $0
  • Other: $40,337
Lisa Desautels-Poliquin (Vp For Student Affairs)
  • Compensation: $123,029
  • Related: $0
  • Other: $27,679
Beth Gibbs (Consultant)
  • Compensation: $122,928
  • Related: $0
  • Other: $5,241
Robert Field (Vp Of Marketing)
  • Compensation: $108,119
  • Related: $0
  • Other: $41,234


Official website here: www.thomas.edu

Where can I find the form 990 for Thomas College?

Thomas College's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.thomas.edu

Learn more at the official website: www.thomas.edu

Mission Statement of Thomas College

Thomas College is a renowned educational institution that is dedicated to helping students achieve success in their personal and professional lives. It fosters an environment that values the unique needs and goals of each student, preparing them for leadership and service in their communities. At Thomas College, students are encouraged to discover and fulfill their unique potential. Each program offered by the college emphasizes professional excellence, guided by ethics and integrity.

Thomas College provides a supportive learning environment that empowers students to reach their full potential. By offering individualized attention and resources, the college ensures that each student receives the guidance they need to succeed. The college's mission extends beyond academic excellence, as it also aims to instill a sense of responsibility and compassion in its students.

Throughout their time at Thomas College, students are encouraged to develop a strong work ethic and a commitment to ethical behavior. The college's programs are designed to foster critical thinking skills, effective communication, and a deep understanding of various disciplines. These skills, combined with a strong moral compass, equip students to make a positive impact in their communities and in their chosen professions.

In summary, Thomas College is an institution that is committed to helping students reach their full potential. It provides a supportive learning environment that values the needs and goals of individual students, preparing them for success in their personal and professional lives and for leadership and service in their communities. The college's emphasis on ethics and integrity ensures that graduates are well-equipped to make a positive impact in the world.

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Impact




August, 2024

Thomas College prepares students for success in their personal and professional lives, and for leadership and service in their communities. It provides a supportive learning environment that values the needs and goals of individual students. With undergraduate and graduate programs in business, education, technology, criminal justice, and psychology, Thomas College serves approximately 900 full-time students and 180 part-time students. The institution's mission is to help students discover and fulfill their unique potential, promoting professional excellence informed by ethics and integrity. Thomas College's impact is evident in the well-rounded education and preparation it provides for its students, empowering them to succeed in their chosen fields and make positive contributions to society.




This information is meant to be a general summary of Thomas College. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$31,052,244 (2022)
Expenses
$31,047,245 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $1,600,200
  • Program Service Revenue: $25,034,428
  • Gross Receipts: $39,240,927

Assets and Liabilities:

  • Total Assets: $83,830,985
  • Total Liabilities: $17,701,931
  • Net Assets: $66,129,054

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION AND FEES

Revenue

$24,825,966

OTHER FEES

Revenue

$208,462

Organization Details

Founding Year

1894

Principal Officer

Laurie Lachance

Main Address

180 WEST RIVER ROAD, WATERVILLE, ME, 04901

NTEE Category

Code: B420 - Education

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