Matthew 25, Inc.
Fiscal Year
Fiscal Year Start
07/01/2023
Fiscal Year End
06/30/2024
Projected Revenue
$1,436,259.00
Projected Expenses
$1,426,772.00
Organizational Budgets and Other Documents
IRS Letter of Exemption
| matthew 25, inc. irs ltr |
Detailed Financials
Revenue and Expenses
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | $922,643.00 | $758,671.00 | |
| Total Expenses | $913,950.00 | $851,531.00 | |
| Revenue Less Expenses | ($-0.00) | $8,693.00 | ($92,860.00) |
Revenue Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Foundation and Corporation Contributions | $102,000.00 | $0.00 | |
| Government - Federal | $529,864.00 | $0.00 | |
| Government - State | $0.00 | $0.00 | |
| Government - Local | $0.00 | $0.00 | |
| Government - Unspecified | $0.00 | $482,296.00 | |
| Contributions, Gifts, and Grants | $160,637.00 | $213,336.00 | |
| Indirect Public Support | $0.00 | $0.00 | |
| Earned Revenue | $62,206.00 | $51,090.00 | |
| Investment Income, Net of Losses | $-501.00 | $69.00 | |
| Membership Dues | $0.00 | $0.00 | |
| Special Events | $36,527.00 | $0.00 | |
| Revenue In-Kind | $28,484.00 | $0.00 | |
| Other | $3,426.00 | $11,880.00 |
Expense Allocation
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Program Expense | $746,930.00 | $705,929.00 | |
| Administration Expense | $127,904.00 | $114,382.00 | |
| Fundraising Expense | $39,116.00 | $31,220.00 | |
| Total Revenue/Total Expenses | 101% | 89% | |
| Program Expense/Total Expenses | 82% | 83% | |
| Fundraising Expense/Contributed Revenue | 4% | 4% |
Top Funding Sources
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Top Funding Source & Dollar Amount | $0.00 | National Government Grants $529,864.00 | Government Grants $482,296.00 |
| Second Highest Funding Source & Dollar Amount | $0.00 | Contributions, Gifts, and Grants $160,637.00 | Contributions, Gifts, Grants $213,336.00 |
| Third Highest Funding Source & Dollar Amount | $0.00 | Foundations and Corporations $102,000.00 | Other Revenue $11,880.00 |
Assets and Liabilities
| Fiscal Year | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Assets | $156,091.00 | $172,581.00 | |
| Current Assets | $113,113.00 | $112,851.00 | |
| Long-Term Liabilities | $24,991.00 | $24,991.00 | |
| Current Liabilities | $100,090.00 | $125,273.00 | |
| Total Net Assets | $31,010.00 | $22,317.00 |
Endowment Info
Do you have an endowment?
No
Capital Campaign Info
Are you currently in a Capital Campaign?
Anticipated In 3 Years
Do you anticipate a campaign in the next 5 years?
Yes
Solicitation Permit Info
State Charitable Solicitations Permit
Yes
Permit Expiration Month
December
Permit Expiration Year
2023
Form 990s
| 2022 M25 990 | 2022 |
| M25 990 | 2021 |
| Matthew 25 990 | 2020 |
| Matthew 25 990 | 2019 |
| Matthew 25 990 | 2018 |
| Matthew 25 990 | 2017 |
| Matthew 25 990 | 2016 |
| Form 990 | 2015 |
| Form 990 | 2014 |
| Matthew 25 Inc, 2013 990 | 2013 |
| Matthew 25, Inc. 2012 990 | 2012 |
| Matthew 25, Inc. 2011 990 | 2011 |
| Matthew 25, Inc. 2010 990 | 2010 |
| matthew 25, inc. 2009 990 | 2009 |
| matthew 25, inc. 2008 990 | 2008 |
| matthew 25, inc. 2007 990 | 2007 |
| matthew 25, inc. 2006 990 | 2006 |
| matthew 25, inc. 2005 990 | 2005 |
| matthew 25, inc. 2004 990 | 2004 |
Audit Documents
| Matthew 25 Audit | 2021 |
| Matthew 25 Audit | 2020 |
| Matthew 25 Audit | 2019 |
| Matthew 25 Audit | 2018 |
| Matthew 25 Audit | 2017 |
| Matthew 25 audit | 2016 |
| audit | 2015 |
| Matthew 25 Audit 2014 | 2014 |
| Matthew 25, Inc. 2013 Audit | 2013 |
| Matthew 25, Inc. 2012 Audit | 2012 |
| Matthew 25, Inc. 2011 Audit | 2011 |
| matthew 25, inc. 2009 audit | 2009 |
| matthew 25, inc. 2008 audit | 2008 |
| matthew 25, inc. 2007 audit | 2007 |
| matthew 25, inc. 2006 audit | 2006 |
| matthew 25, inc. 2005 audit | 2005 |
| matthew 25, inc. 2004 audit | 2004 |
CEO/Executive Director/Board Comments
| Our 990 is still in process, so we have asked for an extension for our Solicitation Permit. Over the next few years Matthew 25 is looking at a flat budget. We will increase funding, but all monies will be put back into the organization for upgrading of programs and services. |
Foundation Staff Comments
| Financials taken from the 990. In some years, Schedule B removed to protect donor privacy. In other years, foundation and corporate grants may be including in Contributions, Gifts, and Grants sum, as these amounts are not separated in Form 990. Financial documents prepared by FMC CPAs, PLLC. Comments provided by Nicole Rose 09/07/2023. |
