Matthew 25
- Assets
- $5.2m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 62
- Location
- Cedar Rapids, IA
- Founding
- 07/2008
- Data as of
- 12/2023
- EIN
- 26-0467321
Organization Overview
Matthew 25 is located in Cedar Rapids, IA. The organization was established in 2008. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2023, Matthew 25 employed 62 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthew 25 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 12/2023, Matthew 25 generated $2.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $2.2m during the year ending 12/2023. While expenses have increased by 17.8% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
MATTHEW 25 IMPROVES THE HEALTH OF PEOPLE AND NEIGHBORHOODS BY INVESTING IN QUALITY AFFORDABLE HOUSING, HEALTHY FOOD, EDUCATIONAL OPPORTUNITIES, AND COMMUNITY BUILDING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hayes Rev Heather President | OfficerTrustee | 3 | $0 |
Anderson Ryan Vice President | OfficerTrustee | 3 | $0 |
Ryan Jake Treasurer | OfficerTrustee | 3 | $0 |
Day Thomas Secretary | OfficerTrustee | 3 | $0 |
Barnd Matthew Director | Trustee | 1 | $0 |
Baxter Dan Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $185,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $481,659 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,112,302 |
| Noncash contributions included in lines 1a–1f | $21,916 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,778,961 |
| Total Program Service Revenue | $411,725 |
| Investment income | $19,193 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,209,879 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,131 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $154,810 |
| Compensation of current officers, directors, key employees. | $21,673 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $912,903 |
| Pension plan accruals and contributions | $18,856 |
| Other employee benefits | $53,930 |
| Payroll taxes | $77,947 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,625 |
| Fees for services: Accounting | $56,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $65,032 |
| Advertising and promotion | $22,293 |
| Office expenses | $168,800 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $162,006 |
| Travel | $16,492 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,490 |
| Interest | $29,076 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $250,901 |
| Insurance | $102,789 |
| All other expenses | $40,868 |
| Total functional expenses | $2,205,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $810,234 |
| Savings and temporary cash investments | $713,236 |
| Pledges and grants receivable | $375,251 |
| 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 | $27,125 |
| Prepaid expenses and deferred charges | $46,956 |
| Net Land, buildings, and equipment | $3,217,416 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $49,811 |
| Total assets | $5,240,029 |
| Accounts payable and accrued expenses | $205,596 |
| 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 | $903,650 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,109,246 |
| Net assets without donor restrictions | $3,726,640 |
| Net assets with donor restrictions | $404,143 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,240,029 |