﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2012v2.3">
  <ReturnHeader binaryAttachmentCount="0">
    <Timestamp>2013-09-27T11:03:03-05:00</Timestamp>
    <TaxPeriodEndDate>2013-05-31</TaxPeriodEndDate>
    <PreparerFirm>
      <PreparerFirmBusinessName>
        <BusinessNameLine1>HOUDE &amp; COMPANY PROF ASSN</BusinessNameLine1>
      </PreparerFirmBusinessName>
      <PreparerFirmUSAddress>
        <AddressLine1>215-A MAIN ST</AddressLine1>
        <City>NASHUA</City>
        <State>NH</State>
        <ZIPCode>030602938</ZIPCode>
      </PreparerFirmUSAddress>
    </PreparerFirm>
    <ReturnType>990</ReturnType>
    <TaxPeriodBeginDate>2012-06-01</TaxPeriodBeginDate>
    <Filer>
      <EIN>020344073</EIN>
      <Name>
        <BusinessNameLine1>THE THOMAS MORE COLLEGE</BusinessNameLine1>
        <BusinessNameLine2>OF LIBERAL ARTS INC</BusinessNameLine2>
      </Name>
      <NameControl>THOM</NameControl>
      <Phone>6038808308</Phone>
      <USAddress>
        <AddressLine1>6 MANCHESTER STREET</AddressLine1>
        <City>MERRIMACK</City>
        <State>NH</State>
        <ZIPCode>030544855</ZIPCode>
      </USAddress>
    </Filer>
    <Officer>
      <Name>WILLIAM FAHEY</Name>
      <Title>PRESIDENT</Title>
      <Phone>6038808308</Phone>
      <DateSigned>2013-09-24</DateSigned>
      <AuthorizeThirdParty>true</AuthorizeThirdParty>
    </Officer>
    <Preparer>
      <Name>PETER J HOUDE CPA</Name>
      <Phone>6038822785</Phone>
      <DatePrepared>2013-09-27</DatePrepared>
    </Preparer>
    <TaxYear>2012</TaxYear>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCount="8">
    <IRS990 documentId="RetDoc5" referenceDocumentId="RetDoc9">
      <NameOfPrincipalOfficerPerson>WILLIAM FAHEY PRESIDENT</NameOfPrincipalOfficerPerson>
      <AddressPrincipalOfficerUS>
        <AddressLine1>6 MANCHESTER STREET</AddressLine1>
        <City>MERRIMACK</City>
        <State>NH</State>
        <ZIPCode>030544855</ZIPCode>
      </AddressPrincipalOfficerUS>
      <GrossReceipts>4284551</GrossReceipts>
      <GroupReturnForAffiliates>false</GroupReturnForAffiliates>
      <Organization501c3>X</Organization501c3>
      <WebSite>WWW.THOMASMORECOLLEGE.EDU</WebSite>
      <TypeOfOrganizationCorporation>X</TypeOfOrganizationCorporation>
      <YearFormation>1978</YearFormation>
      <StateLegalDomicile>NH</StateLegalDomicile>
      <ActivityOrMissionDescription>THE THOMAS MORE COLLEGE OF LIBERAL ARTS IS DEDICATED TO PROVIDING A CATHOLIC EDUCATION TO STUDENTS OF ALL FAITHS. IT RECOGNIZES THAT REFLECTION ON THE SPECIFIC NATURE OF LIBERAL EDUCATION HAS BEEN ENTRUSTED TO THE CHURCH IN A SPECIAL WAY AND SO ASSUMES AS ITS TASK THE REDISCOVERY AND ARTICULATION ON THIS TRADITION IN OUR OWN TIME.</ActivityOrMissionDescription>
      <NbrVotingMembersGoverningBody>10</NbrVotingMembersGoverningBody>
      <NbrIndependentVotingMembers>10</NbrIndependentVotingMembers>
      <TotalNbrEmployees>79</TotalNbrEmployees>
      <TotalGrossUBI>0</TotalGrossUBI>
      <ContributionsGrantsPriorYear>2742134</ContributionsGrantsPriorYear>
      <ContributionsGrantsCurrentYear>1296552</ContributionsGrantsCurrentYear>
      <ProgramServiceRevenuePriorYear>2409710</ProgramServiceRevenuePriorYear>
      <ProgramServiceRevenueCY>2876111</ProgramServiceRevenueCY>
      <InvestmentIncomePriorYear>17747</InvestmentIncomePriorYear>
      <InvestmentIncomeCurrentYear>16089</InvestmentIncomeCurrentYear>
      <OtherRevenuePriorYear>-48494</OtherRevenuePriorYear>
      <OtherRevenueCurrentYear>33848</OtherRevenueCurrentYear>
      <TotalRevenuePriorYear>5121097</TotalRevenuePriorYear>
      <TotalRevenueCurrentYear>4222600</TotalRevenueCurrentYear>
      <GrantsAndSimilarAmntsPriorYear>765862</GrantsAndSimilarAmntsPriorYear>
      <GrantsAndSimilarAmntsCY>1033635</GrantsAndSimilarAmntsCY>
      <BenefitsPaidToMembersCY>0</BenefitsPaidToMembersCY>
      <SalariesEtcPriorYear>1376304</SalariesEtcPriorYear>
      <SalariesEtcCurrentYear>1481892</SalariesEtcCurrentYear>
      <TotalProfFundrsngExpCY>0</TotalProfFundrsngExpCY>
      <TotalFundrsngExpCurrentYear>189076</TotalFundrsngExpCurrentYear>
      <OtherExpensePriorYear>1374862</OtherExpensePriorYear>
      <OtherExpensesCurrentYear>1140429</OtherExpensesCurrentYear>
      <TotalExpensesPriorYear>3517028</TotalExpensesPriorYear>
      <TotalExpensesCurrentYear>3655956</TotalExpensesCurrentYear>
      <RevenuesLessExpensesPriorYear>1604069</RevenuesLessExpensesPriorYear>
      <RevenuesLessExpensesCY>566644</RevenuesLessExpensesCY>
      <TotalAssetsBOY>4673862</TotalAssetsBOY>
      <TotalAssetsEOY>5239514</TotalAssetsEOY>
      <TotalLiabilitiesBOY>2730482</TotalLiabilitiesBOY>
      <TotalLiabilitiesEOY>2729490</TotalLiabilitiesEOY>
      <NetAssetsOrFundBalancesBOY>1943380</NetAssetsOrFundBalancesBOY>
      <NetAssetsOrFundBalancesEOY>2510024</NetAssetsOrFundBalancesEOY>
      <InfoInScheduleOPartIII>X</InfoInScheduleOPartIII>
      <MissionDescription>THE THOMAS MORE COLLEGE OF LIBERAL ARTS IS DEDICATED TO PROVIDING A CATHOLIC EDUCATION TO STUDENTS OF ALL FAITHS. IT RECOGNIZES THAT REFLECTION ON THE SPECIFIC NATURE OF LIBERAL EDUCATION HAS BEEN ENTRUSTED TO THE CHURCH IN A SPECIAL WAY AND SO ASSUMES AS ITS TASK THE REDISCOVERY AND ARTICULATION ON THIS TRADITION IN OUR OWN TIME.</MissionDescription>
      <SignificantNewProgramServices>false</SignificantNewProgramServices>
      <SignificantChange>false</SignificantChange>
      <Expense>3147498</Expense>
      <Grants>1033635</Grants>
      <Description>DELIVERY OF EDUCATION AND SERVICES TO STUDENTS.</Description>
      <TotalProgramServiceExpense>3147498</TotalProgramServiceExpense>
      <DescribedIn501C3 referenceDocumentId="RetDoc3">true</DescribedIn501C3>
      <ScheduleBRequired referenceDocumentId="RetDoc1">true</ScheduleBRequired>
      <PoliticalActivities>false</PoliticalActivities>
      <LobbyingActivities>false</LobbyingActivities>
      <SubjectToProxyTax>false</SubjectToProxyTax>
      <DonorAdvisedFunds referenceDocumentId="RetDoc4">false</DonorAdvisedFunds>
      <ConservationEasements referenceDocumentId="RetDoc4">false</ConservationEasements>
      <CollectionsOfArt referenceDocumentId="RetDoc4">false</CollectionsOfArt>
      <CreditCounseling referenceDocumentId="RetDoc4">false</CreditCounseling>
      <TermOrPermanentEndowments referenceDocumentId="RetDoc4">true</TermOrPermanentEndowments>
      <ReportLandBldgEquip referenceDocumentId="RetDoc4">true</ReportLandBldgEquip>
      <ReportInvestOthSecurities referenceDocumentId="RetDoc4">false</ReportInvestOthSecurities>
      <ReportProgRelInvest referenceDocumentId="RetDoc4">false</ReportProgRelInvest>
      <ReportOtherAssets referenceDocumentId="RetDoc4">true</ReportOtherAssets>
      <ReportOtherLiabilities referenceDocumentId="RetDoc4">true</ReportOtherLiabilities>
      <ReportFin48Footnote referenceDocumentId="RetDoc4">false</ReportFin48Footnote>
      <IndependentAuditFinancialStmt referenceDocumentId="RetDoc4">true</IndependentAuditFinancialStmt>
      <ConsolidatedAuditFinancialStmt referenceDocumentId="RetDoc4">false</ConsolidatedAuditFinancialStmt>
      <School referenceDocumentId="RetDoc6">true</School>
      <ForeignOffice>true</ForeignOffice>
      <ForeignActivities>false</ForeignActivities>
      <MoreThan5000KToOrganizations>false</MoreThan5000KToOrganizations>
      <MoreThan5000KToIndividuals>false</MoreThan5000KToIndividuals>
      <ProfessionalFundraising>false</ProfessionalFundraising>
      <FundraisingActivities>false</FundraisingActivities>
      <Gaming>false</Gaming>
      <Hospital>false</Hospital>
      <GrantsToOrganizations referenceDocumentId="RetDoc7">false</GrantsToOrganizations>
      <GrantsToIndividuals referenceDocumentId="RetDoc7">true</GrantsToIndividuals>
      <ScheduleJRequired referenceDocumentId="RetDoc8">true</ScheduleJRequired>
      <TaxExemptBonds>false</TaxExemptBonds>
      <ExcessBenefitTransaction>false</ExcessBenefitTransaction>
      <PriorExcessBenefitTransaction>false</PriorExcessBenefitTransaction>
      <LoanToOfficerOrDQP>false</LoanToOfficerOrDQP>
      <GrantToRelatedPerson>false</GrantToRelatedPerson>
      <BsnssRltnshpWithOrganization>false</BsnssRltnshpWithOrganization>
      <BsnssRltnshpThruFamilyMember>false</BsnssRltnshpThruFamilyMember>
      <OfficerEntityWithBsnssRltnshp>false</OfficerEntityWithBsnssRltnshp>
      <DeductibleNonCashContributions>false</DeductibleNonCashContributions>
      <DeductibleContributionsOfArt>false</DeductibleContributionsOfArt>
      <Terminated>false</Terminated>
      <PartialLiquidation>false</PartialLiquidation>
      <DisregardedEntity>false</DisregardedEntity>
      <RelatedEntity>false</RelatedEntity>
      <RelatedOrgControlledEntity>false</RelatedOrgControlledEntity>
      <TransfersToExemptNonChrtblOrg>false</TransfersToExemptNonChrtblOrg>
      <ActivitiesConductedPartnership>false</ActivitiesConductedPartnership>
      <ScheduleORequired>true</ScheduleORequired>
      <NumberFormsTransmittedWith1096>137</NumberFormsTransmittedWith1096>
      <NumberW2GIncluded>0</NumberW2GIncluded>
      <ComplianceWithBackupWitholding>false</ComplianceWithBackupWitholding>
      <NumberOfEmployees>79</NumberOfEmployees>
      <EmploymentTaxReturnsFiled>true</EmploymentTaxReturnsFiled>
      <UnrelatedBusinessIncome>false</UnrelatedBusinessIncome>
      <ForeignFinancialAccount>false</ForeignFinancialAccount>
      <ProhibitedTaxShelterTrans>false</ProhibitedTaxShelterTrans>
      <TaxablePartyNotification>false</TaxablePartyNotification>
      <NonDeductibleContributions>false</NonDeductibleContributions>
      <QuidProQuoContributions>false</QuidProQuoContributions>
      <Form8282PropertyDisposedOf>false</Form8282PropertyDisposedOf>
      <FundsToPayPremiums>false</FundsToPayPremiums>
      <PremiumsPaid>false</PremiumsPaid>
      <Form8899Filed>false</Form8899Filed>
      <Form1098CFiled>false</Form1098CFiled>
      <ExcessBusinessHoldings>false</ExcessBusinessHoldings>
      <TaxableDistributions>false</TaxableDistributions>
      <DistributionToDonor>false</DistributionToDonor>
      <IndoorTanningServices>false</IndoorTanningServices>
      <InfoInScheduleOPartVI>X</InfoInScheduleOPartVI>
      <NbrVotingGoverningBodyMembers>10</NbrVotingGoverningBodyMembers>
      <NumberIndependentVotingMembers>10</NumberIndependentVotingMembers>
      <FamilyOrBusinessRelationship>false</FamilyOrBusinessRelationship>
      <DelegationOfManagementDuties>false</DelegationOfManagementDuties>
      <ChangesToOrganizingDocs>false</ChangesToOrganizingDocs>
      <MaterialDiversionOrMisuse>false</MaterialDiversionOrMisuse>
      <MembersOrStockholders>false</MembersOrStockholders>
      <ElectionOfBoardMembers>false</ElectionOfBoardMembers>
      <DecisionsSubjectToApproval>false</DecisionsSubjectToApproval>
      <MinutesOfGoverningBody>true</MinutesOfGoverningBody>
      <MinutesOfCommittees>true</MinutesOfCommittees>
      <OfficerMailingAddress>false</OfficerMailingAddress>
      <LocalChapters>false</LocalChapters>
      <Form990ProvidedToGoverningBody>false</Form990ProvidedToGoverningBody>
      <ConflictOfInterestPolicy>true</ConflictOfInterestPolicy>
      <AnnualDisclosureCoveredPersons>true</AnnualDisclosureCoveredPersons>
      <RegularMonitoringEnforcement>true</RegularMonitoringEnforcement>
      <WhistleblowerPolicy>true</WhistleblowerPolicy>
      <DocumentRetentionPolicy>false</DocumentRetentionPolicy>
      <CompensationProcessCEO>true</CompensationProcessCEO>
      <CompensationProcessOther>false</CompensationProcessOther>
      <InvestmentInJointVenture>false</InvestmentInJointVenture>
      <StatesWhereCopyOfReturnIsFiled>NH</StatesWhereCopyOfReturnIsFiled>
      <UponRequest>X</UponRequest>
      <TheBooksAreInCareOf>
        <NamePerson>PAMELA BERNSTEIN</NamePerson>
        <TelephoneNumber>6038808308</TelephoneNumber>
        <AddressUS>
          <AddressLine1>6 MANCHESTER STREET</AddressLine1>
          <City>MERRIMACK</City>
          <State>NH</State>
          <ZIPCode>03054</ZIPCode>
        </AddressUS>
      </TheBooksAreInCareOf>
      <Form990PartVIISectionA>
        <NamePerson>T PATRICK MONAGHAN</NamePerson>
        <Title>CHAIRMAN</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <InstitutionalTrustee>X</InstitutionalTrustee>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>HARRY C VERYSER</NamePerson>
        <Title>TREASURER</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <InstitutionalTrustee>X</InstitutionalTrustee>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WILLIAM R STOTT JR</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <InstitutionalTrustee>X</InstitutionalTrustee>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>STEPHEN G PEROUTKA</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <InstitutionalTrustee>X</InstitutionalTrustee>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>DR CHARLES E RICE ESQ</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <InstitutionalTrustee>X</InstitutionalTrustee>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>FREDERIC H CLARK</NamePerson>
        <Title>VICE. CHAIRM</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <InstitutionalTrustee>X</InstitutionalTrustee>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>REP MAUREEN C MOONEY</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <InstitutionalTrustee>X</InstitutionalTrustee>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>VICTORIA HUGHES</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <InstitutionalTrustee>X</InstitutionalTrustee>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>MICHAEL C GILLERAN</NamePerson>
        <Title>TRUSTEE</Title>
        <AverageHoursPerWeek>1.00</AverageHoursPerWeek>
        <InstitutionalTrustee>X</InstitutionalTrustee>
        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>0</OtherCompensation>
      </Form990PartVIISectionA>
      <Form990PartVIISectionA>
        <NamePerson>WILLIAM E FAHEY</NamePerson>
        <Title>PRESIDENT</Title>
        <AverageHoursPerWeek>40.00</AverageHoursPerWeek>
        <Officer>X</Officer>
        <ReportableCompFromOrganization>131910</ReportableCompFromOrganization>
        <ReportableCompFromRelatedOrgs>0</ReportableCompFromRelatedOrgs>
        <OtherCompensation>19217</OtherCompensation>
      </Form990PartVIISectionA>
      <TotalReportableCompFromOrg>131910</TotalReportableCompFromOrg>
      <TotalOtherCompensation>19217</TotalOtherCompensation>
      <NumberIndividualsGT100K>1</NumberIndividualsGT100K>
      <FormersListed>false</FormersListed>
      <TotalCompGT150K>true</TotalCompGT150K>
      <CompensationFromOtherSources>false</CompensationFromOtherSources>
      <AllOtherContributions>1296552</AllOtherContributions>
      <NoncashContributions>23352</NoncashContributions>
      <TotalContributions>1296552</TotalContributions>
      <ProgramServiceRevenue>
        <Description>TUITION AND FEES</Description>
        <TotalRevenueColumn>2015171</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2015171</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>ROOM AND BOARD</Description>
        <TotalRevenueColumn>831900</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>831900</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>AUXILIARY ENTERPRISES</Description>
        <TotalRevenueColumn>21185</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>21185</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <ProgramServiceRevenue>
        <Description>COMMUNITY RELIGIOUS ED. PROG.</Description>
        <TotalRevenueColumn>7855</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>7855</RelatedOrExemptFunctionIncome>
      </ProgramServiceRevenue>
      <TotalProgramServiceRevenue>2876111</TotalProgramServiceRevenue>
      <InvestmentIncome>
        <TotalRevenueColumn>16089</TotalRevenueColumn>
        <ExclusionAmount>16089</ExclusionAmount>
      </InvestmentIncome>
      <GrossRents>
        <Real>41661</Real>
      </GrossRents>
      <LessRentalExpenses>
        <Real>61951</Real>
      </LessRentalExpenses>
      <RentalIncomeOrLoss>
        <Real>-20290</Real>
      </RentalIncomeOrLoss>
      <NetRentalIncomeOrLoss>
        <TotalRevenueColumn>-20290</TotalRevenueColumn>
        <ExclusionAmount>-20290</ExclusionAmount>
      </NetRentalIncomeOrLoss>
      <OtherRevenueMisc>
        <Description>SOPHIA PRESS FEES</Description>
        <TotalRevenueColumn>30000</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>30000</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>UNREALIZE GAIN ON BENE. TRUST</Description>
        <TotalRevenueColumn>23804</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>23804</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <OtherRevenueMisc>
        <Description>GAIN ON INVESTMENTS</Description>
        <TotalRevenueColumn>334</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>334</RelatedOrExemptFunctionIncome>
      </OtherRevenueMisc>
      <TotalOtherRevenue>54138</TotalOtherRevenue>
      <TotalRevenue>
        <TotalRevenueColumn>4222600</TotalRevenueColumn>
        <RelatedOrExemptFunctionIncome>2930249</RelatedOrExemptFunctionIncome>
        <ExclusionAmount>-4201</ExclusionAmount>
      </TotalRevenue>
      <GrantsToDomesticIndividuals>
        <Total>1033635</Total>
        <ProgramServices>1033635</ProgramServices>
      </GrantsToDomesticIndividuals>
      <CompCurrentOfficersDirectors>
        <Total>131910</Total>
        <ProgramServices>13191</ProgramServices>
        <ManagementAndGeneral>92337</ManagementAndGeneral>
        <Fundraising>26382</Fundraising>
      </CompCurrentOfficersDirectors>
      <OtherSalariesAndWages>
        <Total>1069936</Total>
        <ProgramServices>861037</ProgramServices>
        <ManagementAndGeneral>113852</ManagementAndGeneral>
        <Fundraising>95047</Fundraising>
      </OtherSalariesAndWages>
      <OtherEmployeeBenefits>
        <Total>198098</Total>
        <ProgramServices>148316</ProgramServices>
        <ManagementAndGeneral>32983</ManagementAndGeneral>
        <Fundraising>16799</Fundraising>
      </OtherEmployeeBenefits>
      <PayrollTaxes>
        <Total>81948</Total>
        <ProgramServices>60590</ProgramServices>
        <ManagementAndGeneral>14148</ManagementAndGeneral>
        <Fundraising>7210</Fundraising>
      </PayrollTaxes>
      <FeesForServicesAccounting>
        <Total>27500</Total>
        <ManagementAndGeneral>27500</ManagementAndGeneral>
      </FeesForServicesAccounting>
      <FeesForServicesOther>
        <Total>10050</Total>
        <ProgramServices>50</ProgramServices>
        <Fundraising>10000</Fundraising>
      </FeesForServicesOther>
      <Advertising>
        <Total>15268</Total>
        <ProgramServices>15239</ProgramServices>
        <Fundraising>29</Fundraising>
      </Advertising>
      <Occupancy>
        <Total>244477</Total>
        <ProgramServices>244477</ProgramServices>
      </Occupancy>
      <Travel>
        <Total>50336</Total>
        <ProgramServices>34481</ProgramServices>
        <ManagementAndGeneral>2854</ManagementAndGeneral>
        <Fundraising>13001</Fundraising>
      </Travel>
      <Interest>
        <Total>146937</Total>
        <ProgramServices>146937</ProgramServices>
      </Interest>
      <DepreciationDepletion>
        <Total>102434</Total>
        <ProgramServices>102434</ProgramServices>
      </DepreciationDepletion>
      <Insurance>
        <Total>16126</Total>
        <ProgramServices>16126</ProgramServices>
      </Insurance>
      <OtherExpenses>
        <Description>FOOD</Description>
        <Total>139890</Total>
        <ProgramServices>138503</ProgramServices>
        <Fundraising>1387</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>UTILITIES</Description>
        <Total>104659</Total>
        <ProgramServices>101806</ProgramServices>
        <ManagementAndGeneral>1690</ManagementAndGeneral>
        <Fundraising>1163</Fundraising>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MISCELLANEOUS EXPENSES</Description>
        <Total>59755</Total>
        <ProgramServices>47299</ProgramServices>
        <ManagementAndGeneral>12456</ManagementAndGeneral>
      </OtherExpenses>
      <OtherExpenses>
        <Description>MAINTENANCE</Description>
        <Total>59307</Total>
        <ProgramServices>59307</ProgramServices>
      </OtherExpenses>
      <AllOtherExpenses>
        <Total>163690</Total>
        <ProgramServices>124070</ProgramServices>
        <ManagementAndGeneral>21562</ManagementAndGeneral>
        <Fundraising>18058</Fundraising>
      </AllOtherExpenses>
      <TotalFunctionalExpenses>
        <Total>3655956</Total>
        <ProgramServices>3147498</ProgramServices>
        <ManagementAndGeneral>319382</ManagementAndGeneral>
        <Fundraising>189076</Fundraising>
      </TotalFunctionalExpenses>
      <CashNonInterestBearing>
        <BOY>43571</BOY>
        <EOY>64674</EOY>
      </CashNonInterestBearing>
      <PledgesAndGrantsReceivable>
        <BOY>185575</BOY>
        <EOY>18853</EOY>
      </PledgesAndGrantsReceivable>
      <AccountsReceivable>
        <BOY>12531</BOY>
        <EOY>22195</EOY>
      </AccountsReceivable>
      <OtherNotesLoansReceivableNet>
        <BOY>2953</BOY>
        <EOY>8264</EOY>
      </OtherNotesLoansReceivableNet>
      <PrepaidExpensesDeferredCharges>
        <BOY>17795</BOY>
        <EOY>12086</EOY>
      </PrepaidExpensesDeferredCharges>
      <LandBuildingsEquipmentBasis>3997771</LandBuildingsEquipmentBasis>
      <LandBldgEquipmentAccumDeprec>1701676</LandBldgEquipmentAccumDeprec>
      <LandBuildingsEquipmentBasisNet>
        <BOY>2398290</BOY>
        <EOY>2296095</EOY>
      </LandBuildingsEquipmentBasisNet>
      <InvestmentsPubTradedSecurities>
        <BOY>39051</BOY>
        <EOY>38422</EOY>
      </InvestmentsPubTradedSecurities>
      <IntangibleAssets>
        <BOY>7433</BOY>
        <EOY>2469</EOY>
      </IntangibleAssets>
      <OtherAssetsTotal>
        <BOY>1966663</BOY>
        <EOY>2776456</EOY>
      </OtherAssetsTotal>
      <TotalAssets>
        <BOY>4673862</BOY>
        <EOY>5239514</EOY>
      </TotalAssets>
      <AccountsPayableAccruedExpenses>
        <BOY>260494</BOY>
        <EOY>121076</EOY>
      </AccountsPayableAccruedExpenses>
      <DeferredRevenue>
        <BOY>18540</BOY>
        <EOY>20245</EOY>
      </DeferredRevenue>
      <MortNotesPyblSecuredInvestProp>
        <BOY>2379904</BOY>
        <EOY>2320569</EOY>
      </MortNotesPyblSecuredInvestProp>
      <UnsecuredNotesLoansPayable>
        <EOY>248600</EOY>
      </UnsecuredNotesLoansPayable>
      <OtherLiabilities>
        <BOY>71544</BOY>
        <EOY>19000</EOY>
      </OtherLiabilities>
      <TotalLiabilities>
        <BOY>2730482</BOY>
        <EOY>2729490</EOY>
      </TotalLiabilities>
      <FollowSFAS117>X</FollowSFAS117>
      <UnrestrictedNetAssets>
        <BOY>1298228</BOY>
        <EOY>1324012</EOY>
      </UnrestrictedNetAssets>
      <TemporarilyRestrictedNetAssets>
        <BOY>333345</BOY>
        <EOY>804990</EOY>
      </TemporarilyRestrictedNetAssets>
      <PermanentlyRestrictedNetAssets>
        <BOY>311807</BOY>
        <EOY>381022</EOY>
      </PermanentlyRestrictedNetAssets>
      <TotalNetAssetsFundBalances>
        <BOY>1943380</BOY>
        <EOY>2510024</EOY>
      </TotalNetAssetsFundBalances>
      <TotalLiabNetAssetsFundBalances>
        <BOY>4673862</BOY>
        <EOY>5239514</EOY>
      </TotalLiabNetAssetsFundBalances>
      <ReconcilationRevenueExpenses>566644</ReconcilationRevenueExpenses>
      <MethodOfAccountingAccrual>X</MethodOfAccountingAccrual>
      <AccountantCompileOrReview>false</AccountantCompileOrReview>
      <FSAudited>true</FSAudited>
      <FSAuditedBasis>
        <FinancialStatementSeparate>X</FinancialStatementSeparate>
      </FSAuditedBasis>
      <AuditCommittee>true</AuditCommittee>
      <FederalGrantAuditRequired>true</FederalGrantAuditRequired>
      <FederalGrantAuditPerformed>true</FederalGrantAuditPerformed>
    </IRS990>
    <IRS990ScheduleA documentId="RetDoc3">
      <School170b1Aii>X</School170b1Aii>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1">
      <ContributorInfo>
        <ContributorNumber>RESTRICTED</ContributorNumber>
        <ContributorNameBusiness>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorNameBusiness>
        <ContributorAddressUS>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorAddressUS>
        <AggregateContributions>RESTRICTED</AggregateContributions>
      </ContributorInfo>
    </IRS990ScheduleB>
    <IRS990ScheduleD documentId="RetDoc4">
      <CurrentYear>
        <BeginningOfYearBalance>39051</BeginningOfYearBalance>
        <Contributions>-969</Contributions>
        <InvestmentEarningsOrLosses>490</InvestmentEarningsOrLosses>
        <AdministrativeExpenses>150</AdministrativeExpenses>
        <EndOfYearBalance>38422</EndOfYearBalance>
      </CurrentYear>
      <CurrentYearMinus1Year>
        <BeginningOfYearBalance>32484</BeginningOfYearBalance>
        <Contributions>6651</Contributions>
        <InvestmentEarningsOrLosses>66</InvestmentEarningsOrLosses>
        <AdministrativeExpenses>150</AdministrativeExpenses>
        <EndOfYearBalance>39051</EndOfYearBalance>
      </CurrentYearMinus1Year>
      <CurrentYearMinus2Years>
        <BeginningOfYearBalance>28895</BeginningOfYearBalance>
        <Contributions>4507</Contributions>
        <InvestmentEarningsOrLosses>-918</InvestmentEarningsOrLosses>
        <EndOfYearBalance>32484</EndOfYearBalance>
      </CurrentYearMinus2Years>
      <CurrentYearMinus3Years>
        <BeginningOfYearBalance>22891</BeginningOfYearBalance>
        <Contributions>5322</Contributions>
        <InvestmentEarningsOrLosses>682</InvestmentEarningsOrLosses>
        <EndOfYearBalance>28895</EndOfYearBalance>
      </CurrentYearMinus3Years>
      <EndowmentsHeldByUnrelatedOrgs>false</EndowmentsHeldByUnrelatedOrgs>
      <EndowmentsHeldByRelatedOrgs>false</EndowmentsHeldByRelatedOrgs>
      <Land>
        <OtherCostOrOtherBasis>1122461</OtherCostOrOtherBasis>
        <BookValue>1122461</BookValue>
      </Land>
      <Buildings>
        <OtherCostOrOtherBasis>2196857</OtherCostOrOtherBasis>
        <Depreciation>1244357</Depreciation>
        <BookValue>952500</BookValue>
      </Buildings>
      <Equipment>
        <OtherCostOrOtherBasis>629330</OtherCostOrOtherBasis>
        <Depreciation>440626</Depreciation>
        <BookValue>188704</BookValue>
      </Equipment>
      <OtherLandBuildings>
        <OtherCostOrOtherBasis>49123</OtherCostOrOtherBasis>
        <Depreciation>16693</Depreciation>
        <BookValue>32430</BookValue>
      </OtherLandBuildings>
      <TotalOfBookValueLandBuildings>2296095</TotalOfBookValueLandBuildings>
      <OtherAssets>
        <Description>PROPERTY HELD FOR EXPANSION</Description>
        <BookValue>1646554</BookValue>
      </OtherAssets>
      <OtherAssets>
        <Description>BENEFICIAL INTEREST IN TRUST</Description>
        <BookValue>1129902</BookValue>
      </OtherAssets>
      <TotalBookValueOtherAssets>2776456</TotalBookValueOtherAssets>
      <OtherLiabilities>
        <Description>LOANS PAYABLE EMPLOYEES</Description>
        <Amount>19000</Amount>
      </OtherLiabilities>
      <TotalOfAmounts>19000</TotalOfAmounts>
      <TotRevenueEtcAuditedFinclStmt>3188965</TotRevenueEtcAuditedFinclStmt>
      <RevenueSubtotal>3188965</RevenueSubtotal>
      <OtherRevenuesNotIncluded>1033635</OtherRevenuesNotIncluded>
      <RevenueNotRptdOnFinStmt>1033635</RevenueNotRptdOnFinStmt>
      <TotalRevenuePerForm990>4222600</TotalRevenuePerForm990>
      <TotExpensesEtcAuditedFinclStmt>2622321</TotExpensesEtcAuditedFinclStmt>
      <ExpensesSubtotal>2622321</ExpensesSubtotal>
      <OtherExpensesNotIncluded>1033635</OtherExpensesNotIncluded>
      <ExpensesNotRptdOnFinStmt>1033635</ExpensesNotRptdOnFinStmt>
      <TotalExpensesPerForm990>3655956</TotalExpensesPerForm990>
      <Form990ScheduleDPartXIII>
        <Identifier>REVENUE AMOUNTS INCLUDED ON RETURN - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XI, LINE 4B</ReturnReference>
        <Explanation>FINANCIAL AID TREATED AS REVENUE REDUCTION IN FINANCIAL'S 1,033,635</Explanation>
      </Form990ScheduleDPartXIII>
      <Form990ScheduleDPartXIII>
        <Identifier>EXPENSE AMOUNTS INCLUDED ON RETURN - OTHER</Identifier>
        <ReturnReference>SCHEDULE D, PAGE 4, PART XII, LINE 4B</ReturnReference>
        <Explanation>FINANCIAL AID TREATED AS EXPENSE FOR FORM 990 1,033,635</Explanation>
      </Form990ScheduleDPartXIII>
    </IRS990ScheduleD>
    <IRS990ScheduleE documentId="RetDoc6">
      <NondiscriminatoryPolicyStmt>true</NondiscriminatoryPolicyStmt>
      <PolicyStatementInBrochuresEtc>true</PolicyStatementInBrochuresEtc>
      <PolicyPublViaBroadcastMedia>true</PolicyPublViaBroadcastMedia>
      <MaintRacialCompositionRecords>true</MaintRacialCompositionRecords>
      <MaintScholarshipsRecords>true</MaintScholarshipsRecords>
      <MaintCopiesOfBrochuresEtc>true</MaintCopiesOfBrochuresEtc>
      <MaintCopiesOfAllSolicitations>true</MaintCopiesOfAllSolicitations>
      <DiscriminateRaceStudentsRights>false</DiscriminateRaceStudentsRights>
      <DiscriminateRaceAdmissPolicies>false</DiscriminateRaceAdmissPolicies>
      <DiscriminateRaceEmplmnFaculty>false</DiscriminateRaceEmplmnFaculty>
      <DiscriminateRaceScholarships>false</DiscriminateRaceScholarships>
      <DiscriminateRaceEducPolicies>false</DiscriminateRaceEducPolicies>
      <DiscriminateRaceUseOfFclts>false</DiscriminateRaceUseOfFclts>
      <DiscriminateRaceAthleticProg>false</DiscriminateRaceAthleticProg>
      <DiscriminateRaceOtherActy>false</DiscriminateRaceOtherActy>
      <GovernmentFinancialAidReceived>true</GovernmentFinancialAidReceived>
      <GovernmentFinancialAidRevoked>false</GovernmentFinancialAidRevoked>
      <ComplianceWithRevProc7550>true</ComplianceWithRevProc7550>
      <Form990ScheduleEPartII>
        <Identifier>PUBLICATION OF NONDISCRIMINATORY POLICY IN MEDIA EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E LINE 3</ReturnReference>
        <Explanation>PUBLICIZED IN POSTERS AND THE COLLEGE HANDBOOK</Explanation>
      </Form990ScheduleEPartII>
      <Form990ScheduleEPartII>
        <Identifier>FINANCIAL AID OR GOVERNMENT ASSISTANCE EXPLANATION</Identifier>
        <ReturnReference>SCHEDULE E LINE 6</ReturnReference>
        <Explanation>THE COLLEGE ADMINISTERS FEDERAL ASSISTANCE ON BEHALF OF THE STUDENTS IN THE FORMS OF PELL GRANTS ACADEMIC COMPETITIVENESS GRANTS FSEOG AND FFEL</Explanation>
      </Form990ScheduleEPartII>
    </IRS990ScheduleE>
    <IRS990ScheduleI documentId="RetDoc7">
      <RecordsMaintained>true</RecordsMaintained>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>SCHOLARSHIPS</TypeOfGrant>
        <NumberOfRecipients>97</NumberOfRecipients>
        <AmountOfCashGrant>990483</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIII>
        <TypeOfGrant>WORK STUDY</TypeOfGrant>
        <NumberOfRecipients>45</NumberOfRecipients>
        <AmountOfCashGrant>43152</AmountOfCashGrant>
      </Form990ScheduleIPartIII>
    </IRS990ScheduleI>
    <IRS990ScheduleJ documentId="RetDoc8">
      <BoardOrCommitteeApproval>X</BoardOrCommitteeApproval>
      <SeverancePayment>false</SeverancePayment>
      <SupplementalNonqualRetirePlan>false</SupplementalNonqualRetirePlan>
      <EquityBasedCompArrangement>false</EquityBasedCompArrangement>
      <CompBasedOnRevenueOfFilingOrg>false</CompBasedOnRevenueOfFilingOrg>
      <CompBasedOnRevenueRelatedOrgs>false</CompBasedOnRevenueRelatedOrgs>
      <CompBasedNetEarningsFilingOrg>false</CompBasedNetEarningsFilingOrg>
      <CompBasedNetEarningsRelateOrgs>false</CompBasedNetEarningsRelateOrgs>
      <AnyNonFixedPayments>false</AnyNonFixedPayments>
      <InitialContractException>false</InitialContractException>
      <Form990ScheduleJPartII>
        <NamePerson>WILLIAM E FAHEY</NamePerson>
        <Title>PRESIDENT</Title>
        <BaseCompensationFilingOrg>131910</BaseCompensationFilingOrg>
        <NontaxableBenefitsFilingOrg>19217</NontaxableBenefitsFilingOrg>
        <TotalCompensationFilingOrg>151127</TotalCompensationFilingOrg>
      </Form990ScheduleJPartII>
    </IRS990ScheduleJ>
    <IRS990ScheduleO documentId="RetDoc9">
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S MISSION</Identifier>
        <ReturnReference>FORM 990 - ORGANIZATION'S MISSION</ReturnReference>
        <Explanation>THE THOMAS MORE COLLEGE OF LIBERAL ARTS IS DEDICATED TO PROVIDING A CATHOLIC EDUCATION TO STUDENTS OF ALL FAITHS. IT RECOGNIZES THAT REFLECTION ON THE SPECIFIC NATURE OF LIBERAL EDUCATION HAS BEEN ENTRUSTED TO THE CHURCH IN A SPECIAL WAY AND SO ASSUMES AS ITS TASK THE REDISCOVERY AND ARTICULATION ON THIS TRADITION IN OUR OWN TIME.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ORGANIZATION'S PROCESS USED TO REVIEW FORM 990</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 11B</ReturnReference>
        <Explanation>COPIES ARE GIVEN TO THE FINANCE COMMITTEE TO REVIEW.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>ENFORCEMENT OF CONFLICTS POLICY</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 12C</ReturnReference>
        <Explanation>THE BOARD REVIEWS EACH MEMBERS CONFLICT OF INTEREST STATUS AT ITS MAY AND DECEMBER BOARD MEETINGS EACH YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>COMPENSATION PROCESS FOR TOP OFFICIAL</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 15A</ReturnReference>
        <Explanation>PRESIDENT'S COMPENSATION IS APPROVED BY THE BOARD OF TRUSTEES.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNING DOCUMENTS DISCLOSURE EXPLANATION</Identifier>
        <ReturnReference>FORM 990, PAGE 6, PART VI, LINE 19</ReturnReference>
        <Explanation>GOVERNING DOCUMENTS ARE KEPT ON FILE AT THE PREMISES. THEY ARE AVAILABLE FOR INSPECTION UPON REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RECONCILIATION OF CHANGES - OTHER</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 9</ReturnReference>
        <Explanation>FINANCIAL AID TREATED AS REVENUE REDUCTION IN FINANCIAL'S -1,033,635 FINANCIAL AID TREATED AS EXPENSE FOR FORM 990 1,033,635</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>