Form 990 for tax year 2023
Filed by MAHONING VALLEY COLLEGE ACCESS PROGRAM INC.
Totals
- Total revenue
- $99,673
- Total expenses
- $117,852
- Contributions and grants received
- $84,018
- Grants paid
- $2,000
- Program service revenue
- $14,569
- Investment income
- $662
- Other revenue
- $424
- Total assets, end of year
- $104,181
- Total liabilities, end of year
- $115
- Net assets or fund balances, end of year
- $104,066
- Program services expenses (Part IX)
- $30,716
- Management and general expenses
- $87,136
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $30,716
Program services were 26.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$84,018
-
2a · Program service revenue: DISTRICT FEES
total $14,569 · related or exempt $14,569
-
3 · Investment income
total $1,942 · excluded $1,942
-
7b · Less cost or other basis and sales expenses
securities $1,280
-
7c · Gain or loss
securities -$1,280
-
7d · Net gain or loss
total -$1,280 · excluded -$1,280
-
8a · Fundraising events: gross income
$2,360
-
8b · Fundraising events: direct expenses
$1,936
-
8c · Net income from fundraising events
total $424 · excluded $424
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $2,000 · program services $2,000
-
5 · Compensation of officers, directors and key employees
total $63,000 · management and general $63,000
-
7 · Other salaries and wages
total $16,148 · program services $16,148
-
9 · Other employee benefits
total $17 · program services $17
-
10 · Payroll taxes
total $6,055 · program services $1,236 · management and general $4,819
-
11f · Fees: investment management
total $400 · management and general $400
-
12 · Advertising and promotion
total $2,942 · management and general $2,942
-
13 · Office expenses
total $3,835 · management and general $3,835
-
17 · Travel
total $3,445 · management and general $3,445
-
23 · Insurance
total $4,230 · management and general $4,230
-
24a · Other expenses: HIRING EVENT
total $9,795 · program services $9,795
-
24b · Other expenses: DUES AND SUBSCRIPTIONS
total $4,200 · management and general $4,200
-
24c · Other expenses: SERVICE PROGRAM EXPENSE
total $1,520 · program services $1,520
-
24d · Other expenses: PROFESSIONAL DEVELOPMEN
total $265 · management and general $265
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $27,272 · end of year $8,763
-
11 · Investments: publicly traded securities
beginning of year $81,919 · end of year $95,418
-
17 · Accounts payable and accrued expenses
beginning of year $187 · end of year $115
-
28 · Net assets with donor restrictions
beginning of year $109,004 · end of year $104,066
Mission and programs · 2023
Mission
THE MISSION OF MVCAP IS TO INCREASE THE NUMBER OF MAHONING VALLEY (I.E. OHIO COUNTIES OF TRUMBULL AND MAHONING) HIGH SCHOOL STUDENTS ATTENDING COLLEGE OR POST-SECONDARY EDUCATION. THE ORGANIZATION ASSISTS IN FINANCIAL AID BY GRANTING LAST-DOLLAR SCHOLARSHIPS TO QUALIFYING STUDENTS.
-
LAST DOLLAR EDUCATIONAL SCHOLARSHIPS. TWO ADDITIONAL SCHOLARSHIPS OF $1,000 EACH WERE AWARDED FROM THE ORGANIZATION'S FUND AT THE LOCAL COMMUNITY FOUNDATION.
Expenses $2,000 · Grants $2,000
-
SERVICE PROGRAM EXPENSES, WAGES, AND PAYROLL TAXES PAID FOR ADVISORS TO: 1) PROVIDE STUDENTS AND FAMILIES WITH INFORMATION ABOUT OPPORTUNITIES AND RESOURCES FOR POST-SECONDARY EDUCATION; 2) PROVIDE ADVISORY AND EDUCATIONAL PROGRAMS THAT PROMOTE COLLEGE AS NECESSARY AND ATTAINABLE FOR ALL STUDENTS; AND 3) OFFER LAST-DOLLAR SCHOLARSHIPS FOR ELIGIBLE SENIORS.
Expenses $28,716 · Revenue $14,569
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Mandy ThiryMANDY THIRY
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Kevin StringerKEVIN STRINGER
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Bradley LintonBRADLEY LINTON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Nico SaborseNICO SABORSE
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jeffrey JiangJEFFREY JIANG
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William AyersWILLIAM AYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Doug FranklinDOUG FRANKLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cheryl McArthurCHERYL MCARTHUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jack PicoJACK PICO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lauren SharonLAUREN SHARON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tiffany VarneyTIFFANY VARNEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
John StewartJOHN STEWART
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julian WalkerJULIAN WALKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gerri JenkinsGERRI JENKINS
EXECUTIVE DIRECTOR
- Total calculated
- $63,000
- From this org
- $63,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402579349301480
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