Matthew 25
- Assets
- $5.2m
- Revenue
- $3.7m
- Investments
- $0.0
- Employees
- 39
- Location
- Cedar Rapids, IA
- Founding
- 07/2008
- Data as of
- 12/2021
- 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 12/2021, Matthew 25 employed 39 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 12/2021, Matthew 25 generated $3.7m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.6% each year . All expenses for the organization totaled $2.6m during the year ending 12/2021. While expenses have increased by 26.4% 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
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
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 2021 MATTHEW 25 ACCOMPLISHED THE FOLLOWING NEIGHBORHOOD BUILDING GOALS:SHIFTED OUR FOCUS FROM REHABS AND NEW CONSTRUCTION TO DERECHO RECOVERY ENCOURAGED BY LOCAL FUNDERS. WE TOUCHED AROUND 165 HOMES IN 2021 AND WILL TOUCH CLOSE TO 300 BEFORE WE ARE DONE.RAN TWO SEPARATE TRANSFORM WEEKS IN RESPONSE TO THE DERECHO. WE TOUCHED 21 HOMES UTILIZING 253 VOLUNTEERS.MAINTAINED STRONG OCCUPANCY IN RENTAL HOMES AND PURCHASED THREE NEW RENTAL HOMES.
CULTIVATE HOPE EXPANDS HEALTHY FOOD CULTURE FOR ALL THROUGH HANDS-ON GROWING, SHARING AND LEARNING ACTIVITIES. THE PROGRAM GOALS ARE TO GROW HEALTHY FOOD, RESOURCES AND COMMUNITY SPIRIT, AND TO LEARN ABOUT LOCAL FOODS, FOOD PRODUCTION AND HEALTHY BEHAVIORS.DURING 2021 MATTHEW 25 ACCOMPLISHED THE FOLLOWING CULTIVATE HOPE GOALS:WE RAN A FOOD PANTRY IN EARLY 2021 IN A BUILDING WE ARE NOW REBUILDING INTO A CORNER GROCERY STORE THAT OPENED IN 2022.WE CONTINUE TO RUN AN INDOOR FOOD GARDEN IN AN ELEMENTARY SCHOOL AND ARE PART OF THE CURRICULUM IN EVERY CLASS OF THE SCHOOL DURING THE SCHOOL YEAR (CEDAR RIVER ACADEMY).WE CONTINUED OUR YOUTH SUMMER PROGRAM LEADING 15 STUDENTS THROUGH THE URBAN FARM TRAINING.WE CONTINUED OUR WEEKLY SUMMER FARMERS MARKETS, SOLD COMMUNITY SERVICE AGRICULTURE (CSA'S) AND RENTED GARDEN PLOTS. SOLD PRODUCE, USED PRODUCE IN OUR CAFE AND GAVE AWAY PRODUCE IN THE FOOD PANTRY.GROUNDSWELL CAFE PROVIDES A PLACE WHERE EVERYONE HAS ACCESS TO FRESH, HEALTHY FOOD, REGARDLESS OR THEIR ABILITY TO PAY AND THE EVENT CENTER PROVIDES A FLEXIBLE VENUE FOR THE COMMUNITY TO COME TOGETHER.DURING 2021 MATTHEW 25 ACCOMPLISHED THE FOLLOWING CAFE GOALS:THE CAFE AND EVENTS CENTER CONTINUED TO GROW SINCE THE PANDEMIC SHUTDOWN. BOTH THE NUMBERS OF CLIENTS ON PAYING AND FREE MEALS SIDES OF THE BUSINESS. WE WERE ABLE TO SERVE $17,973 WORTH OF FREE MEALS THROUGH OUR PAYING CUSTOMER BASE AND CONTRIBUTORS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Twedt-Ball Clint Executive Director | Officer | 40 | $74,191 |
Anderson Regina Director Of Finance (left In Sept) | Officer | 40 | $29,931 |
Wasta John Director Of Finance | Officer | 40 | $4,640 |
Heifner Jonathan Vice President | OfficerTrustee | 3 | $0 |
Murray Brittany Treasurer (left In June) | OfficerTrustee | 3 | $0 |
Schneekloth Tom Treasurer | OfficerTrustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $208,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $880,108 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,330,365 |
| Noncash contributions included in lines 1a–1f | $14,887 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,418,473 |
| Total Program Service Revenue | $241,407 |
| Investment income | $5,880 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$1,425 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,581 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,717,182 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,104,108 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,359 |
| Compensation of current officers, directors, key employees. | $25,676 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $563,002 |
| Pension plan accruals and contributions | $3,733 |
| Other employee benefits | $0 |
| Payroll taxes | $78,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,390 |
| Fees for services: Accounting | $12,303 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $52,735 |
| Advertising and promotion | $10,905 |
| Office expenses | $193,576 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $121,870 |
| Travel | $9,224 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,504 |
| Interest | $24,568 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $188,032 |
| Insurance | $49,447 |
| All other expenses | $35,270 |
| Total functional expenses | $2,614,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $627,728 |
| Savings and temporary cash investments | $1,115,866 |
| Pledges and grants receivable | $591,844 |
| 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 | $3,915 |
| Prepaid expenses and deferred charges | $38,491 |
| Net Land, buildings, and equipment | $2,803,976 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $44,471 |
| Total assets | $5,226,291 |
| Accounts payable and accrued expenses | $70,681 |
| 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 | $687,711 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $758,392 |
| Net assets without donor restrictions | $3,702,152 |
| Net assets with donor restrictions | $765,747 |
| 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 | $5,226,291 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Matthew 25 has recieved totaling $3,000.
| Awarding Organization | Amount |
|---|---|
Kepros Family Foundation Cedar Rapids, IA PURPOSE: DONATION | $3,000 |
Endowment Analysis
| Beg. Balance | $3,309 |
| Earnings | -$130 |
| Admin Expense | $25 |
| Ending Balance | $3,154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cassia Services Edina, MN | $14,755,616 | $18,639,791 |
Renaissance Social Services Inc Chicago, IL | $2,138,317 | $6,632,596 |
National Council Of The United States Society Of St Vincent De Pa Maryland Heights, MO | $13,687,159 | $9,469,574 |
Hamdard Center For Health And Human Services Nfp Addison, IL | $4,418,541 | $7,412,868 |
Community Memorial Foundation Hinsdale, IL | $100,177,205 | $2,649,104 |
Korean-American Senior Center Inc Chicago, IL | $3,306,753 | $5,703,474 |
Minnesota Masonic Charities Bloomington, MN | $12,657,081 | $2,476,347 |
Make-A-Wish Foundation Of Missouri And Kansas Ballwin, MO | $7,006,477 | $5,966,300 |
Nurses For Newborns Maplewood, MO | $4,515,132 | $4,457,590 |
On My Own Inc Nevada, MO | $3,816,358 | $3,622,772 |
Coordinated Advice And Referral Program For Legal Services Chicago, IL | $2,874,944 | $4,385,388 |
Illinois Child Care Bureau Chicago, IL | $364,682 | $4,111,886 |