McIndoes Falls Academy
McIndoes Falls Academy is a private foundation, based in McIndoe Falls, VT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.2M in total assets. Net investment income was $26K.
McIndoes Falls Academy at a glance
- Total assets
- $1,150,979
- +10.2% vs 2024
- Revenue (2025)
- $126,592
- +35.3% vs 2024
- Net investment income (2025)
- $25,983
- +115.1% vs 2024
- Expenses (2025)
- $99,541
- -13.1% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who McIndoes Falls Academy funds
How this funder distributes its grants
Grant Size Distribution
2 grants across all recorded years
The most common grant size was under $50K: 2 grants of 2 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
How McIndoes Falls Academy gives
- In 2023 it paid out 136% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2024 it made 2 grants totaling $500.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| 2 grants to individuals Recipients not named | — | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $1,150,979 | $126,592 | $99,541 | — | — | — | $25,983 | $58,238 |
| 2024 | $1,044,255 | $93,578 | $114,486 | $500 | 2 | $44,170 | $12,080 | — |
| 2023 | $1,008,889 | $459,774 | $74,837 | — | — | $65,602 | $15,558 | $48,319 |
| 2022 | $580,364 | $58,957 | $60,059 | — | — | $58,603 | $33,484 | $29,692 |
| 2021 | $619,434 | $402,608 | $112,327 | — | — | — | $2,745 | — |
| 2020 | $329,153 | $36,561 | $14,345 | — | — | — | $2,571 | — |
| 2019 | $306,937 | $33,131 | $16,569 | — | — | — | $14,368 | — |
Under IRS private-foundation payout rules, McIndoes Falls Academy reported a distributable amount of $58K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
McIndoes Falls Academy is led by Wallace Thrall, President on every filing since 2020; none of the 8 officers listed in 2025 report compensation.
Officers on the 2025 filing
Wallace Thrall
President
On filings since 2020
1 hr/week
No compensation reported
Roberta Fearon
Trustee
On filings since 2022
1 hr/week
No compensation reported
John Heartson
Trustee
On filings since 2024
1 hr/week
No compensation reported
Isaac Santiago
Director
New on the 2025 filing
No compensation reported
Watson Gates
Director
New on the 2025 filing
No compensation reported
Gary Thompson
Vice President
Trustee → Vice President & Trustee, 2020
Vice President & Trustee → Vice President, 2021
On filings since 2019
1 hr/week
No compensation reported
Larry Thomas
Treasurer
President → Treasurer, 2021
On filings since 2019
No compensation reported
Lindsey LaCoss
Secretary
Trustee → Secretary, 2025
On filings since 2024
1 hr/week
No compensation reported
Former officers (11)
- Former: Alice Frazer (2019–2024) — Trustee
- Former: William Graves (2021–2024) — Trustee
- Former: Norman Stevenson (2019–2023) — Trustee
- Former: Robert-Ann Fearon (2019–2021) — Trustee
- Former: Jan Wood (2020–2021) — Secretary
- Former: Douglas Gilmour (2019–2020) — Trustee
- Former: John Smith (2019–2020) — Trustee
- Former: John Whitehill (2019–2020) — Trustee
- Former: Joyce Brill (2019–2020) — Trustee
- Former: Mark Ruel (2019–2020) — Trustee
- Former: Jen Crown (2020) — Treasurer
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about McIndoes Falls Academy
How large is McIndoes Falls Academy?
McIndoes Falls Academy reported $1.2M in total assets on its 2025 IRS Form 990-PF. Its revenue that year was $127K.
Where does McIndoes Falls Academy operate?
McIndoes Falls Academy has awarded grants in New Hampshire, Vermont.
How much is McIndoes Falls Academy required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2025, McIndoes Falls Academy reported a distributable amount of $58K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is McIndoes Falls Academy's EIN?
McIndoes Falls Academy's EIN (Employer Identification Number) is 03-0184087. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(7)
When this profile's IRS filing data changed on Grantable
- Updated Form 990-PF for fiscal year 2024 (received by the IRS November 3, 2025)
- Updated Form 990-PF for fiscal year 2025 (received by the IRS May 14, 2026)
- Added Form 990-PF for fiscal year 2019 (received by the IRS April 30, 2020)
- Updated Form 990-PF for fiscal year 2020 (received by the IRS March 19, 2022)
- Updated Form 990-PF for fiscal year 2021 (received by the IRS September 13, 2022)
- Updated Form 990-PF for fiscal year 2022 (received by the IRS September 6, 2023)
- Updated Form 990-PF for fiscal year 2023 (received by the IRS May 9, 2024)
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