Matt 25 Inc
- Assets
- $675.8k
- Revenue
- $379.1k
- Investments
- $0.0
- Employees
- 41
- Location
- Clovis, NM
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 20-0342251
Organization Overview
Matt 25 Inc is located in Clovis, NM. The organization was established in 2004. According to its NTEE Classification (T19) the organization is classified as: Support N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2022, Matt 25 Inc employed 41 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matt 25 Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Matt 25 Inc generated $379.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.8% each year. All expenses for the organization totaled $361.5k during the year ending 12/2021. While expenses have increased by 5.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE MATT 25 HOPE CENTER, A FAITH-BASED ORGANIZATION, IS TO BE A HUB THAT PROVIDES OPPORTUNITEIS TO SERVE AND TO ENGAGE IN COLLABORATIVE EFFORTS WITH ENTITIES WHOSE COMMON PURPOSE IS TO IMPROVE THE QUALITY OF LIFE FOR THOSE IN NEED THROUGH COMPASSIONATE SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LIFE SKILLS: IN PROCESS OF REMODELING AN ABANDONED HOSPITAL FACILITY FOR HOUSING VARIOUS INDEPENDENT CHRISTIAN MINISTRIES FOR THE HOMELESS, HUNGRY, AND CHEMICALLY DEPENDENT, AND TO OPERATE ITS OWN MINISTRY OF PROVIDING LIFE SKILLS TRAINING TO THE NEEDY AND CHEMICALLY DEPENDENT. THE ORGANIZATION PROVIDES COUNSELING FOR DWI CLIENTS, FAMILIES, AND OTHER DISCIPLINES, PROVIDES GROUP SESSIONS FOR SUBSTANCE ABUSE, DOMESTIC VIOLENCE, AND MARITAL ISSUES. THE ORGANIZATION ALSO PROVIDES ASSISTANCE TO INDIVIDUALS FOR RENT, BUS TICKETS, FOOD, GASOLINE, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Reshetar Executive Di | Officer | 40 | $82,376 |
Brad Bender Board Direct | Trustee | 1 | $0 |
Becky Carruthers Secretary | Trustee | 1 | $0 |
Louis Gordon Board Direct | OfficerTrustee | 1 | $0 |
Jack Kirkland Treasurer | OfficerTrustee | 1 | $0 |
Robin Myers Board Direct | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $307,974 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $140,848 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | -$69,735 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $379,087 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,997 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $26,202 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,026 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,752 |
| Office expenses | $15,587 |
| Information technology | $12,392 |
| Royalties | $0 |
| Occupancy | $48,246 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,025 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,330 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $361,542 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $347,106 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $315 |
| Total assets | $675,810 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,142 |
| Total liabilities | $12,142 |
| Net assets without donor restrictions | $663,668 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $663,668 |