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Nonprofiteer
← MATTHEW 25

Form 990 for tax year 2023

Filed by MATTHEW 25.

Totals

Total revenue
$2,209,879
Total expenses
$2,205,924
Contributions and grants received
$1,778,961
Grants paid
$50,131
Program service revenue
$411,725
Investment income
$19,193
Other revenue
$0
Total assets, end of year
$5,240,029
Total liabilities, end of year
$1,109,246
Net assets or fund balances, end of year
$4,130,783
Program services expenses (Part IX)
$1,685,457
Management and general expenses
$397,593
Fundraising expenses
$122,874
Program service expenses (Part III)
$1,685,457

Program services were 76.4% 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

    $185,000

  • 1e · Government grants (contributions)

    $481,659

  • 1f · All other contributions, gifts and grants

    $1,112,302

  • 1g · Noncash contributions included above

    $21,916

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $411,725 · related or exempt $411,725

  • 3 · Investment income

    total $19,193 · excluded $19,193

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $50,131 · program services $50,131

  • 5 · Compensation of officers, directors and key employees

    total $154,810 · program services $119,204 · management and general $21,673 · fundraising $13,933

  • 7 · Other salaries and wages

    total $912,903 · program services $801,389 · management and general $49,399 · fundraising $62,115

  • 8 · Pension plan contributions

    total $18,856 · program services $14,519 · management and general $2,640 · fundraising $1,697

  • 9 · Other employee benefits

    total $53,930 · program services $41,526 · management and general $7,550 · fundraising $4,854

  • 10 · Payroll taxes

    total $77,947 · program services $60,019 · management and general $10,913 · fundraising $7,015

  • 11b · Fees: legal

    total $1,625 · program services $1,107 · management and general $456 · fundraising $62

  • 11c · Fees: accounting

    total $56,096 · program services $38,217 · management and general $15,732 · fundraising $2,147

  • 11g · Fees: other

    total $65,032 · program services $28,328 · management and general $32,297 · fundraising $4,407

  • 12 · Advertising and promotion

    total $22,293 · program services $21,354 · fundraising $939

  • 13 · Office expenses

    total $168,800 · program services $127,921 · management and general $21,624 · fundraising $19,255

  • 16 · Occupancy

    total $162,006 · program services $104,383 · management and general $57,623

  • 17 · Travel

    total $16,492 · program services $15,391 · management and general $1,101

  • 19 · Conferences, conventions and meetings

    total $4,490 · program services $3,504 · management and general $986

  • 20 · Interest

    total $29,076 · program services $19,496 · management and general $9,580

  • 22 · Depreciation, depletion and amortization

    total $250,901 · program services $150,954 · management and general $99,947

  • 23 · Insurance

    total $102,789 · program services $40,024 · management and general $62,765

  • 24a · Other expenses: EQUIPMENT RENT & MAINT

    total $13,463 · program services $10,300 · management and general $3,114 · fundraising $49

  • 24b · Other expenses: MEMBERSHIP & DUES

    total $3,416 · program services $2,211 · management and general $193 · fundraising $1,012

  • 24e · All other expenses

    total $40,868 · program services $35,479 · fundraising $5,389

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $579,457 · end of year $810,234

  • 2 · Savings and temporary cash investments

    beginning of year $1,171,025 · end of year $713,236

  • 3 · Pledges and grants receivable

    beginning of year $260,905 · end of year $375,251

  • 8 · Inventories for sale or use

    beginning of year $35,574 · end of year $27,125

  • 9 · Prepaid expenses and deferred charges

    beginning of year $40,606 · end of year $46,956

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

    $4,578,087

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

    $1,360,671

  • 10c · Land, buildings and equipment, net

    beginning of year $2,899,368 · end of year $3,217,416

  • 15 · Other assets

    beginning of year $44,323 · end of year $49,811

  • 17 · Accounts payable and accrued expenses

    beginning of year $147,242 · end of year $205,596

  • 23 · Secured mortgages and notes payable

    beginning of year $759,343 · end of year $903,650

  • 27 · Net assets without donor restrictions

    beginning of year $3,707,229 · end of year $3,726,640

  • 28 · Net assets with donor restrictions

    beginning of year $417,444 · end of year $404,143

Mission and programs · 2023

Mission

VISION- MATTHEW 25 ENVISIONS THRIVING, CONNECTED COMMUNITIES WITH SHARING ECONOMIES, WHERE PEOPLE ARE VALUED, TALENTS ARE MULTIPLIED, AND NEIGHBORS LIVE HEALTHY, NOURISHED LIVES FULL OF OPPORTUNITY.

Activities or mission (Part I)

MATTHEW 25 IMPROVES THE HEALTH OF PEOPLE AND NEIGHBORHOODS BY INVESTING IN QUALITY AFFORDABLE HOUSING, HEALTHY FOOD, EDUCATIONAL OPPORTUNITIES, AND COMMUNITY BUILDING.

  • CULTIVATE HOPE EXPANDS HEALTHY FOOD CULTURE FOR ALL THROUGH HANDS-ON GROWING, SHARING AND LEARNING ACTIVITIES. THE PROGRAM'S GOALS ARE TO GROW HEALTHY FOOD, RESOURCES AND COMMUNITY SPIRIT, AND TO LEARN ABOUT LOCAL FOODS, FOOD PRODUCTION AND HEALTHY BEHAVIORS. DURING 2023, MATTHEW 25 ACCOMPLISHED THE FOLLOWING CULTIVATE HOPE GOALS:-GAVE AWAY 6,934 FREE OR REDUCED COST MEALS THROUGH GROUNDSWELL CAFE.-GAVE $31,384 WORTH OF FRESH FOOD THROUGH THE CULTIVATE HOPE CORNER STORE.-PROVIDED LAND TO 40 COMMUNITY GARDENERS. -TAUGHT MORE THAN 125 EDUCATIONAL CLASSES ABOUT HEALTHY FOODS TO YOUTH AND ADULTS.

    Expenses $875,354 · Revenue $272,517

  • NEIGHBORHOOD BUILDING REVITALIZES COMMUNITIES BY ENCOURAGING NEIGHBORS TO DREAM OF POSSIBILITIES, ORGANIZING SUSTAINABLE REINVESTMENT AND SOUND PUBLIC POLICY IN TARGETED NEIGHBORHOODS AND PROVIDING A SHARED NETWORK OF TOOLS AND RESOURCES.DURING 2023, MATTHEW 25 ACCOMPLISHED THE FOLLOWING NEIGHBORHOOD BUILDING GOALS:-HELPED 33 HOMEOWNERS WITH HOME REPAIRS AND 14 HOMEOWNERS WITH YARD CLEAN-UP PROJECTS, USING 2,828 HOURS OF VOLUNTEER LABOR.-COMPLETED SIX RENTAL UNITS REHABS.-RENTED 18 UNITS OF QUALITY, AFFORDABLE HOUSING.-CHECKED OUT 226 TOOLS TO INDIVIDUALS TO HELP WITH HOME AND GARDEN PROJECTS.-STARTED CONSTRUCTION ON TWO NEW AFFORDABLE HOMES THAT WILL BE SOLD AT A DEEPLY DISCOUNTED PRICE TO RESIDENTS AT 80% AREA MEDIAN INCOME.

    Expenses $761,100 · Grants $50,131 · Revenue $135,722

  • COMMUNITY BUILDING CONNECTS NEIGHBORS AND COMMUNITY MEMBERS IN ORDER TO INCREASE SOCIAL COHESION, HAPPINESS AND PUBLIC SAFETY IN NEIGHBORHOODS.DURING 2023, MATTHEW 25 ACCOMPLISHED THE FOLLOWING COMMUNITY BUILDING GOALS:-CARRIED OUT 42 ONE-ON-ONE CONVERSATIONS GETTING TO KNOW THE GIFTS AND TALENTS OF OUR NEIGHBORS.-CURATED 28 COMMUNITY EVENTS THAT DREW NEIGHBORS TOGETHER.-ENGAGED 602 PEOPLE IN 7,978 HOURS OF VOLUNTEER WORK THAT STRENGTHENED NEIGHBORHOODS.

    Expenses $49,003 · Revenue $3,486

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hayes Rev Heather

    PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Anderson Ryan

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    3

  • Ryan Jake

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • Day Thomas

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • Barnd Matthew

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Baxter Dan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brenneman Jean

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Hill-Davis Nancy

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nordby Grant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Spore Julie

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Stoltenberg David

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Westphal Robynn

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Twedt-Ball Clint

    EXECUTIVE DIRECTOR

    Total calculated
    $90,814
    From this org
    $82,508
    From related orgs
    $0
    Other
    $8,306
    Hours/week
    40

  • Wasta John

    DIRECTOR OF FINANCE

    Total calculated
    $63,996
    From this org
    $62,124
    From related orgs
    $0
    Other
    $1,872
    Hours/week
    32

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
24 June 2024
IRS schema version
2023v5.1
Source object
202401769349301270

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