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Nonprofiteer
← MATTHEW 25 MINISTRIES INC

Form 990 for tax year 2022

Filed by MATTHEW 25 MINISTRIES INC.

Totals

Total revenue
$369,625,402
Total expenses
$303,889,218
Contributions and grants received
$367,837,449
Grants paid
$287,331,547
Program service revenue
$1,757,120
Investment income
$106,089
Other revenue
-$75,256
Total assets, end of year
$213,047,734
Total liabilities, end of year
$3,857,384
Net assets or fund balances, end of year
$209,190,350
Program services expenses (Part IX)
$301,681,364
Management and general expenses
$1,058,959
Fundraising expenses
$1,148,895
Program service expenses (Part III)
$301,681,364

Program services were 99.3% 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.

  • 1c · Fundraising events

    $6,595

  • 1f · All other contributions, gifts and grants

    $367,830,854

  • 1g · Noncash contributions included above

    $351,242,648

  • 2a · Program service revenue: Handling Shipping Fees

    total $1,160,969 · related or exempt $1,160,969

  • 2b · Program service revenue: Program Revenue

    total $552,941 · related or exempt $552,941

  • 2c · Program service revenue: Other Program Income

    total $42,460 · related or exempt $42,460

  • 2d · Program service revenue: Missions Hotel

    total $750 · related or exempt $750

  • 3 · Investment income

    total $98,798 · excluded $98,798

  • 7a · Gross sales of assets other than inventory

    securities $843,341

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

    securities $818,050 · other assets $18,000

  • 7c · Gain or loss

    securities $25,291 · other assets -$18,000

  • 7d · Net gain or loss

    total $7,291 · excluded $7,291

  • 8a · Fundraising events: gross income

    $34,157

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

    $6,595

  • 8b · Fundraising events: direct expenses

    $126,047

  • 8c · Net income from fundraising events

    total -$91,890 · excluded -$91,890

  • 11a · Other revenue: Other Income

    total $16,634 · excluded $16,634

  • 11e · Other revenue, total

    $16,634

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $193,404,110 · program services $193,404,110

  • 3 · Grants to foreign organizations and individuals

    total $93,927,437 · program services $93,927,437

  • 5 · Compensation of officers, directors and key employees

    total $1,084,891 · program services $513,545 · management and general $431,892 · fundraising $139,454

  • 7 · Other salaries and wages

    total $4,579,186 · program services $4,016,926 · management and general $202,063 · fundraising $360,197

  • 8 · Pension plan contributions

    total $76,239 · program services $60,981 · management and general $8,533 · fundraising $6,725

  • 9 · Other employee benefits

    total $1,234,162 · program services $987,157 · management and general $138,134 · fundraising $108,871

  • 10 · Payroll taxes

    total $438,845 · program services $351,015 · management and general $49,118 · fundraising $38,712

  • 11b · Fees: legal

    total $19,629 · program services $19,629

  • 11c · Fees: accounting

    total $50,416 · program services $18,345 · management and general $19,467 · fundraising $12,604

  • 11f · Fees: investment management

    total $36,787 · management and general $36,787

  • 13 · Office expenses

    total $142,924 · program services $72,415 · management and general $36,358 · fundraising $34,151

  • 14 · Information technology

    total $106,473 · program services $72,098 · management and general $15,557 · fundraising $18,818

  • 15 · Royalties

    total $172,000 · program services $172,000

  • 16 · Occupancy

    total $624,061 · program services $592,858 · management and general $24,962 · fundraising $6,241

  • 20 · Interest

    total $36,133 · program services $34,327 · management and general $1,445 · fundraising $361

  • 22 · Depreciation, depletion and amortization

    total $1,518,751 · program services $1,476,196 · management and general $31,411 · fundraising $11,144

  • 24a · Other expenses: Inventory Obsolescence

    total $3,846,266 · program services $3,846,266

  • 24b · Other expenses: Other Program

    total $1,012,499 · program services $1,012,499

  • 24c · Other expenses: Equipment rental & main

    total $484,444 · program services $471,901 · management and general $6,682 · fundraising $5,861

  • 24d · Other expenses: Supplies

    total $471,859 · program services $409,891 · management and general $31,455 · fundraising $30,513

  • 24e · All other expenses

    total $622,106 · program services $221,768 · management and general $25,095 · fundraising $375,243

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,175,376 · end of year $3,710,784

  • 4 · Accounts receivable

    beginning of year $382,636 · end of year $955,373

  • 8 · Inventories for sale or use

    beginning of year $118,312,990 · end of year $183,023,117

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

    $24,908,249

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

    $7,299,894

  • 10c · Land, buildings and equipment, net

    beginning of year $16,547,829 · end of year $17,608,355

  • 11 · Investments: publicly traded securities

    beginning of year $6,100,718 · end of year $5,292,629

  • 15 · Other assets

    beginning of year $354,126 · end of year $2,457,476

  • 17 · Accounts payable and accrued expenses

    beginning of year $668,195 · end of year $1,594,353

  • 24 · Unsecured notes and loans payable

    beginning of year $1,063,141 · end of year $1,604,850

  • 25 · Other liabilities

    beginning of year $634,886 · end of year $658,181

  • 27 · Net assets without donor restrictions

    beginning of year $142,100,986 · end of year $204,194,746

  • 28 · Net assets with donor restrictions

    beginning of year $2,406,467 · end of year $4,995,604

Mission and programs · 2022

Mission

The mission of Matthew 25: Ministries is to provide nutritional food to the hungry, clean water to the thirsty, clothing to the naked, affordable shelter to the homeless, medical care to the ill, and humanitarian supplies to those in need. Additionally, Matthew 25: Ministries is committed to educating the public on the conditions and needs of the "poorest of the poor and by providing resources for action.

Activities or mission (Part I)

M25M delivers humanitarian aid and disaster relief supplies to those in need.

  • Humanitarian AidM25M delivers humanitarian aid & disaster relief supplies to those in need, including clothing, non-perishable food, first aid & medical supplies, school supplies, hygiene products, cleaning supplies, household items, baby products and latex paint. In 2022, M25M shipped 1,229 40' containers, helping over 30 million people in need.

    Expenses $190,568,101 · Grants $182,826,094 · Revenue $1,204,180

  • Disaster Relief Matthew 25: Ministries' focus during disasters is typically on moving large amounts of critically needed aid into the affected area. When our Disaster Response Team deploys, we utilize a fleet of specialty vehicles to distribute initial loads of aid and set up distribution channels through partner organizations for future shipments.

    Expenses $108,930,865 · Grants $104,505,453 · Revenue $275,600

  • KirkwoodA retreat and conference facility for groups, adult and youth camps, weekend retreats, mission conferences, scouting events, band camps, churches, at-risk youth, etc. In 2021, Kirkwood temporarily suspended overnight stays during the Covid-19 pandemic, and launched a safe, family-friendly outdoor Adventure Park for individuals, families, groups, and non-profit organizations to enjoy together.

    Expenses $2,015,457 · Revenue $249,315

  • Other Program Services

    Expenses $166,941 · Revenue $28,025

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Russell

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Staudinger MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Harry Yeaggy

    Director

    Total calculated
    $0
    Hours/week
    1

  • Eric Niemeyer MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Jeanette Hanna-Ruiz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Deborah Hayes

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michelle Goret

    Director

    Total calculated
    $0
    Hours/week
    1

  • Donald E Jones THD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Martha Orabella MD

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michael Brandy Jr

    Chairman

    Total calculated
    $0
    Hours/week
    1

  • Douglas W Thomson ESQ

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Linda Tracy Gill CPA

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Ron Messer

    Director

    Total calculated
    $0
    Hours/week
    1

  • Tim Mettey

    CEO

    Total calculated
    $494,056
    From this org
    $434,371
    From related orgs
    $0
    Other
    $59,685
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $365,000
    Bonus
    $69,371
    Other
    $0
    Deferred
    $21,900
    Nontaxable benefits
    $37,785
    Filer's total
    $494,056

  • Karen Otto

    Vice President

    Total calculated
    $288,567
    From this org
    $243,483
    From related orgs
    $0
    Other
    $45,084
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $195,000
    Bonus
    $48,483
    Other
    $0
    Deferred
    $11,700
    Nontaxable benefits
    $33,384
    Filer's total
    $288,567

  • Patty Dilg

    COO

    Total calculated
    $131,579
    From this org
    $125,172
    From related orgs
    $0
    Other
    $6,407
    Hours/week
    50

  • Gerald Elfers

    CFO

    Total calculated
    $170,088
    From this org
    $154,586
    From related orgs
    $0
    Other
    $15,502
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $134,000
    Bonus
    $20,586
    Other
    $0
    Deferred
    $2,886
    Nontaxable benefits
    $12,616
    Filer's total
    $170,088

  • Rev Wendell E Mettey

    Former President

    Total calculated
    $272,000
    From this org
    $272,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $272,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $272,000

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

  • 1a · Tax indemnification and gross-up payments
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 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

The filer's explanations (Part III)

Part I, Line 1b
Payments which need to be grossed up each year include Auto reimbursement, vacation reimbursement, childcare reimbursement, student loan reimbursements, & reimbursement for insurance. These benefits have been effective for years at Matthew 25: Ministries and have been communicated to the chairman of the board and the treasurer.

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

  • Payton's Lemonade Stand

    $25,000

    Humanitarian Aid

  • Montessori Open House

    $15,000

    Education

  • Sycamore Bridges

    $10,000

    Humanitarian Aid

  • Learning Babies n' Tots

    $0

    Humanitarian Aid

  • Learning Garden Academy

    $0

    Humanitarian Aid

  • Lebanon Electric Supply

    $0

    Humanitarian Aid

  • Advent

    $0

    Humanitarian Aid

  • Anita Daniels Foundation

    $0

    Humanitarian Aid

  • Anna Kroeger

    $0

    Humanitarian Aid

  • Astoria Place of Cincinnati

    $0

    Humanitarian Aid

The 10 largest by cash amount. The API serves every itemized grant.

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • M25M Haiti LLC

    Lodging for short term missionaries · OH · income $0 · assets $0

    Directly controlled by Matthew 25 Ministries Inc

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202343189349301809

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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