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Education : Scholarship and Financial Support

Thanks USA

Providing need-based scholarships for the children and spouses of active-duty US military personnel.

three stars

88.30

1390 Chain Bridge Road, #260 McLean, VA 22101
tel: (888) 849-8720   Web Site
EIN: 20-3973151

Board Leadership
Robert Okun
Chairman, CEO

CEO
Michele Stork
Executive Director

  Score
(out of 100)
Rating
Overall Score & Rating 88.30 three stars
  Financial 83.46 three stars
  Accountability & Transparency 100.00 four stars
This rating was published 06/01/2016 and includes data from FY2014, the most recent 990 received at that time.

Learn more about how we calculate the overall score and rating.

Financial

three stars

83.46

Accountability & Transparency

four stars

100.00

This rating was published 06/01/2016 and includes data from FY2014, the most recent 990 received at that time.
Overall Rating Chart
  Program Expenses
(Percent of the charity’s total expenses spent on the programs
and services it delivers)
93.7%
  Administrative Expenses 3.2%
  Fundraising Expenses 3.0%
  Fundraising Efficiency $0.03
  Working Capital Ratio (years) 0.67
  Program Expenses Growth 1.0%
  Liabilities to Assets 33.0%
All data for Financial Performance Metrics calculations was provided by Thanks USA on recent 990s filed with the IRS.
All data for Financial Performance Metrics calculations was provided by Thanks USA on recent 990s filed with the IRS.

Highly Rated

Charity Name & State Overall Score Overall Rating
Thanks USA (VA) 88.30 three stars
The Posse Foundation (NY) 91.52 four stars
Thurgood Marshall College Fund (DC) 94.69 four stars
Carson Scholars Fund (MD) 91.81 four stars
American Technion Society (NY) 89.19 three stars

Compare These Charities (Highly Rated)

ThanksUSA "thanks" the men and women of the United States armed forces by awarding need-based college, technical and vocational school scholarships for their children and spouses. Since 2006, we have awarded nearly 3,700 scholarships.

REVENUE  
Contributions  
   Contributions, Gifts & Grants $768,838
   Federated Campaigns $0
   Membership Dues $0
   Fundraising Events $698,552
   Related Organizations $0
   Government Grants $0
Total Contributions $1,467,390
   Program Service Revenue $0
Total Primary Revenue $1,467,390
   Other Revenue $-62,464
TOTAL REVENUE $1,404,926
   
EXPENSES  
   Program Expenses $1,293,269
   Administrative Expenses $74,136
   Fundraising Expenses $41,111
TOTAL FUNCTIONAL EXPENSES $1,408,516
   
Payments to Affiliates $0
Excess (or Deficit) for the year $-3,590
   
Net Assets $1,019,356

Program names and associated costs are listed for the top programs as reported on the charity's most recently filed Form 990. The top programs displayed will include the largest three programs, or those programs covering at least 60% of the charity's total expenses, whichever comes first.

Program Name Amount Spent % of Program Expenses
Scholarships $1,244,230 96.2%
Treasure Hunt Program $49,039 3.8%

Ratings History

Form 990 FYE Date Published Overall Score Overall Rating
CN 2.1
2014-12 06/01/2016 88.30 three stars
 
CN 2.0
2013-12 08/01/2015 85.68 three stars
2012-12 05/01/2014 90.51 four stars

The data displayed on this tab is provided by the IRS in the form of Publication 78 and the Business Master File (BMF).

EIN 20-3973151
Name in IRS Master File THANKS USA
NTEE Code B82
NTEE Classification Scholarships, Student Financial Aid Services, Awards
NTEE Type Educational Institutions and Related Activities
Classification Charitable Organization
Subsection 501(c)(3)  (View the list of codes)
Activities
Foundation Status Organization which receives a substantial part of its support from a governmental unit or the general public   170(b)(1)(A)(vi)
Deductibility Contributions are deductible
Affiliation Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations).
Group Name [Not Applicable]
Ruling Date January, 2006
Filing Requirement 990 (all other) or 990EZ return
Fiscal Year End December
IRS Forms 990
(provided courtesy of Foundation Center)
(Log In or Register Now to View Forms 990!)
  • December, 2015
  • December, 2014
  • December, 2013
  • December, 2012
  • December, 2011

The data displayed in this profile is provided by the IRS for free in the form of Publication 78 and the Business Master File (BMF).

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Compensation % of Expenses Paid to Title
$110,000 7.80% Michele Stork Executive Director

ThanksUSA "thanks" the men and women of the United States armed forces by awarding need-based college, technical and vocational school scholarships for their children and spouses. Since 2006, we have awarded nearly 3,700 scholarships.

Highly Rated

Charity Name & State Overall Score Overall Rating
Thanks USA (VA) 88.30 three stars
The College Crusade of Rhode Island (RI) 96.46 four stars
ACCESS College Foundation (VA) 92.87 four stars
ACE Scholarships (CO) 97.19 four stars
Scholarship America (MN) 90.26 four stars

Compare These Charities (Highly Rated)

This charity has an official representative registered with Charity Navigator.

Official Charity Response

On June 1, 2016 ThanksUSA received an overall score of 88.30, resulting in a 3-star rating. This rating was based on financial data reported in 2014 IRS Form 990, and was adversely affected by the Liabilities to Assets ratio, which was calculated at 33% at the time of reporting.  

ThanksUSA’s Liabilities to Assets ratio was artificially inflated as a result of making the second installment payment for our 2014 scholarship recipients of $443,999.50 in early January 2015 vice before the end of the fiscal year ending on December 31, 2014. 

The timing of the second installment to our scholarship recipients reflected a difference of only three weeks. If we had made the second installment payment of $443,999.50 prior to December 31, 2014 our Liabilities to Assets ratio would have been calculated at 5%, rather than 33%.  With a Liabilities to Assets ratio of only 5%, ThanksUSA would have earned an additional 2.5 points toward our overall Charity Navigator rating, placing us firmly in the 4-star category as a 501c3 organization, which is consistent with what we earned in 2014. 

As a result of these findings, ThanksUSA will ensure the disbursement of our second installment payments to scholarship recipients no later than December 31 each year as a normal business practice going forward.   

Charity Contact Info

Thanks USA
1390 Chain Bridge Road, #260
McLean, VA 22101
tel: (888) 849-8720
EIN: 20-3973151

Visit Web Site

Board Leadership

Robert Okun
Chairman, CEO

CEO

Michele Stork
Executive Director

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