Form 990 for tax year 2023
Filed by LOCAL 212 MATC BELIEVE IN STUDENTS FAST FUND INC.
Totals
- Total revenue
- $809,503
- Total expenses
- $877,271
- Contributions and grants received
- $738,636
- Grants paid
- $692,235
- Program service revenue
- $0
- Investment income
- $58,692
- Other revenue
- $12,175
- Total assets, end of year
- $2,149,462
- Total liabilities, end of year
- $5,386
- Net assets or fund balances, end of year
- $2,144,076
- Program services expenses (Part IX)
- $825,057
- Management and general expenses
- $35,272
- Fundraising expenses
- $16,942
- Program service expenses (Part III)
- $825,057
Program services were 94.0% 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.
-
1e · Government grants (contributions)
$466,017
-
1f · All other contributions, gifts and grants
$272,619
-
1g · Noncash contributions included above
$99,300
-
3 · Investment income
total $58,692 · unrelated business $0 · excluded $58,692
-
8a · Fundraising events: gross income
$8,798
-
8b · Fundraising events: direct expenses
$588
-
8c · Net income from fundraising events
total $8,210 · unrelated business $0 · excluded $8,210
-
11d · All other revenue
total $3,965 · related or exempt $3,965 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$3,965
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $692,235 · program services $692,235
-
5 · Compensation of officers, directors and key employees
total $63,555 · program services $38,133 · management and general $12,711 · fundraising $12,711
-
7 · Other salaries and wages
total $61,252 · program services $61,252 · management and general $0 · fundraising $0
-
8 · Pension plan contributions
total $3,283 · program services $2,615 · management and general $334 · fundraising $334
-
10 · Payroll taxes
total $9,547 · program services $7,673 · management and general $937 · fundraising $937
-
11c · Fees: accounting
total $7,434 · program services $0 · management and general $7,434 · fundraising $0
-
11f · Fees: investment management
total $9,349 · program services $0 · management and general $9,349 · fundraising $0
-
13 · Office expenses
total $26,711 · program services $21,271 · management and general $2,720 · fundraising $2,720
-
23 · Insurance
total $2,358 · program services $1,878 · management and general $240 · fundraising $240
-
24a · Other expenses: OTHER
total $1,547 · program services $0 · management and general $1,547 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $20,681 · end of year $60,126
-
2 · Savings and temporary cash investments
beginning of year $100,055 · end of year $654
-
11 · Investments: publicly traded securities
beginning of year $1,915,510 · end of year $2,088,682
-
17 · Accounts payable and accrued expenses
beginning of year $8,459 · end of year $5,386
-
27 · Net assets without donor restrictions
beginning of year $27,787 · end of year $144,076
-
28 · Net assets with donor restrictions
beginning of year $2,000,000 · end of year $2,000,000
Mission and programs · 2023
Mission
WE PROVIDE EMERGENCY FUNDS TO MATC STUDENTS IN ECONOMIC CRISIS.
-
WE PROVIDE EMERGENCY FUNDS TO MATC STUDENTS IN ECONOMIC CRISIS
Expenses $825,057
As filed on the 2023 return.
Listed in Part VII
-
Elizabeth FranczykELIZABETH FRANCZYK
EXECUTIVE DIRECTOR
- Total calculated
- $63,554
- From this org
- $63,554
- From related orgs
- $0
- Other
- $0
- Hours/week
- 20
-
Barbara TolesBARBARA TOLES
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Michael RosenMICHAEL ROSEN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Trent MullerTRENT MULLER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bria BurrisBRIA BURRIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Abdulhamid AliABDULHAMID ALI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karen BauerKAREN BAUER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lisa ConleyLISA CONLEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lynda ConyersLYNDA CONYERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Charlie DeeCHARLIE DEE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria LaraMARIA LARA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Maria MasriMARIA MASRI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jasmine MercadeJASMINE MERCADE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sandy PaschSANDY PASCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bree SpencerBREE SPENCER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
George StoneGEORGE STONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Latoya SkyesLATOYA SKYES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ann WilsonANN WILSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
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
- 28 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202511189349301626
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