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Nonprofiteer
← MORTAR CINCINNATI

Form 990 for tax year 2023

Filed by MORTAR CINCINNATI.

Totals

Total revenue
$1,352,116
Total expenses
$1,473,518
Contributions and grants received
$1,008,845
Grants paid
$132,059
Program service revenue
$343,221
Investment income
$50
Other revenue
$0
Total assets, end of year
$4,286,008
Total liabilities, end of year
$224,890
Net assets or fund balances, end of year
$4,061,118
Program services expenses (Part IX)
$963,394
Management and general expenses
$442,630
Fundraising expenses
$67,494
Program service expenses (Part III)
$963,394

Program services were 65.4% 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.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $175,000

  • 1f · All other contributions, gifts and grants

    $833,845

  • 1g · Noncash contributions included above

    $0

  • 2a · Program service revenue: CURRICULUM LICENSING FEES

    total $224,167 · related or exempt $224,167 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: ACADEMY, ALUMNI AND DESIGN FEES

    total $34,758 · related or exempt $34,758 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: POP-UP SHOPS REVENUE

    total $19,862 · related or exempt $19,862 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: ORGANIZATIONAL REVENUE

    total $9,640 · related or exempt $9,640 · unrelated business $0 · excluded $0

  • 2e · Program service revenue: OTHER PROGRAM REVENUE

    total $54,794 · related or exempt $54,794 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $50 · related or exempt $0 · unrelated business $0 · excluded $50

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $0

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 7d · Net gain or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0 · unrelated business $0 · excluded $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11a · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11b · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11c · Other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $132,059 · program services $132,059

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $192,772 · program services $135,135 · management and general $46,513 · fundraising $11,124

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $560,465 · program services $392,890 · management and general $135,233 · fundraising $32,342

  • 8 · Pension plan contributions

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 9 · Other employee benefits

    total $63,992 · program services $44,858 · management and general $15,441 · fundraising $3,693

  • 10 · Payroll taxes

    total $51,597 · program services $36,169 · management and general $12,450 · fundraising $2,978

  • 11a · Fees: management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $18,425 · program services $0 · management and general $18,425 · fundraising $0

  • 11c · Fees: accounting

    total $125,251 · program services $0 · management and general $125,251 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $52,695 · program services $52,695 · management and general $0 · fundraising $0

  • 12 · Advertising and promotion

    total $14,193 · program services $14,193 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $16,212 · program services $9,587 · management and general $6,625 · fundraising $0

  • 14 · Information technology

    total $12,785 · program services $12,785 · management and general $0 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $80,014 · program services $47,321 · management and general $32,693 · fundraising $0

  • 17 · Travel

    total $34,714 · program services $17,357 · management and general $0 · fundraising $17,357

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $7,000 · program services $4,140 · management and general $2,860 · fundraising $0

  • 23 · Insurance

    total $10,091 · program services $0 · management and general $10,091 · fundraising $0

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $31,950 · program services $18,895 · management and general $13,055 · fundraising $0

  • 24b · Other expenses: MEALS AND ENTERTAINMENT

    total $29,997 · program services $17,998 · management and general $11,999 · fundraising $0

  • 24c · Other expenses: TRAINING AND EDUCATION

    total $4,490 · program services $4,490 · management and general $0 · fundraising $0

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $5,460 · program services $5,460 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $29,356 · program services $17,362 · management and general $11,994 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,812,001 · end of year $1,982,995

  • 2 · Savings and temporary cash investments

    beginning of year $219,265 · end of year $219,265

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $290,415 · end of year $237,931

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $29,625

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,221 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $158,169

  • 10b · Land, buildings and equipment: accumulated depreciation

    $129,870

  • 10c · Land, buildings and equipment, net

    beginning of year $94,630 · end of year $28,299

  • 11 · Investments: publicly traded securities

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $1,787,893 · end of year $1,787,893

  • 13 · Investments: program-related

    beginning of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $207,660 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,594 · end of year $16,509

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $203,333

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $65,223 · end of year $5,048

  • 27 · Net assets without donor restrictions

    beginning of year $4,020,405 · end of year $4,061,118

  • 28 · Net assets with donor restrictions

    beginning of year $278,863 · end of year $0

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

OUR MISSION AIMS TO CREATE DIVERSE COMMUNITIES BY ENABLING HISTORICALLY MARGINALIZED ENTREPRENEURS TO ACCESS THE RESOURCES NEEDED TO START & RUN SUCCESSFUL BUSINESSES.

Activities or mission (Part I)

OUR MISSION IS TO ENABLE UNDER SERVED ENTREPRENEURS AND BUSINESSES TO SUCCEED, CREATING OPPORTUNITIES TO BUILD COMMUNITIES THROUGH ENTREPRENEURSHIP.

  • MORTAR CINCINNATI AIMS TO CREATE DIVERSE COMMUNITIES BY ENABLING HISTORICALLY MARGINALIZED ENTREPRENEURS TO ACCESS THE RESOURCES NEEDED TO START & RUN SUCCESSFUL BUSINESSES. MORTAR CINCINNATI'S PROGRAMS INCLUDE: - MORTAR ENTREPRENEURSHIP ACADEMY: A FIFTEEN-WEEK COURSE DESIGNED FOR THOSE WHO ARE STARTING OR GROWING THEIR BUSINESSES - BRICK OTR: A CONSTANTLY CHANGING POP-UP SHOP DESIGNED TO GIVE ENTREPRENEURS A CHANCE TO TEST OUT THEIR BUSINESS IDEAS IN REAL TIME - ALUMNI PROGRAM: A PROGRAM PROVIDING MENTORING AND RELATIONSHIP SUPPORT WITH INTERESTED GRADUATES FOR 18 MONTHS AFTER COMPLETING THE MORTAR ENTREPRENEURSHIP ACADEMY - ACCESS TO CAPITAL: A PROGRAM PROVIDING LOANS AND GRANTS TO ENSURE THAT THE ENTREPRENEURS SERVED BY MORTAR CINCINNATI HAVE ACCESS TO THE CAPITAL THEY NEED TO ESTABLISH THEIR BUSINESSES

    Expenses $963,394 · Grants $132,059 · Revenue $343,221

As filed on the 2023 return.

Listed in Part VII

  • Ashlee Young

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Kashif Shaikh

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Shawn Manns

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Yvette R Simpson Esq

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ben Greenberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Chelsey Alexander

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Derrick Braziel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jake Samad

    DIRECTOR - TERM ENDED 11/2023

    Total calculated
    $0
    Hours/week
    1

  • Joseph Allen Woods

    DIRECTOR / EXECUTIVE DIRECTOR

    Total calculated
    $192,772
    From this org
    $128,500
    From related orgs
    $0
    Other
    $64,272
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $128,500
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $64,272
    Filer's total
    $192,772

  • Matt King

    Director

    Total calculated
    $0
    Hours/week
    1

  • Robert W McDonald

    DIRECTOR - TERM ENDED 11/2023

    Total calculated
    $0
    Hours/week
    1

  • Sean Parker

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Shantel Routt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • William Thomas

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Zahki Davis

    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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • DLLA LLC

    Excluded · REAL ESTATE · OH · 99.99% owned · share of income $33,098 · share of assets $2,904,004

    Directly controlled by NA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202413209349309191

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