Matrix Ministries Corp
- Assets
- $69.3k
- Revenue
- $116.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Allen, TX
- Founding
- 04/2010
- Data as of
- 06/2022
- EIN
- 27-0515932
Organization Overview
Matrix Ministries Corp is located in Allen, TX. The organization was established in 2010. According to its NTEE Classification (T40) the organization is classified as: Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matrix Ministries Corp 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 06/2022, Matrix Ministries Corp generated $116.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $109.1k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Matrix Ministries Corp has awarded 18 individual grants totaling $337,291. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST OTHER NOT-FOR-PROFIT ORGANIZATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED SERVICES TO OTHER IRS-APPROVED NOT-FOR-PROFIT ORGANIZATIONS.
DONATIONS TO ORPHANAGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ray Young President | OfficerTrustee | 40 | $41,280 |
Dave Egan Director | Officer | 1 | $0 |
Donna Sisney Treasurer | Officer | 10 | $0 |
Steve Adkins Director, Chair | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $80,995 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,995 |
| Total Program Service Revenue | $0 |
| Investment income | $7 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $35,270 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,272 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $33,300 |
| 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. | $41,280 |
| Compensation of current officers, directors, key employees. | $41,280 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,523 |
| Payroll taxes | $3,158 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $162 |
| Information technology | $2,518 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $19,822 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $889 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,545 |
| All other expenses | $0 |
| Total functional expenses | $109,064 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $69,295 |
| 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 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $69,295 |
| 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 | $911 |
| Total liabilities | $911 |
| Net assets without donor restrictions | $68,384 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $69,295 |
Grants Awarded
Over the last fiscal year, Matrix Ministries Corp has awarded $28,300 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Frisco, TX PURPOSE: Financial Support | $16,300 |
Kansas City, MO PURPOSE: Financial Support | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Matrix Ministries Corp has recieved totaling $577.
| Awarding Organization | Amount |
|---|---|
Liferay Foundation Diamond Bar, CA PURPOSE: DISASTER RELIEF | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $77 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Holdsworth Center Austin, TX | $176,003,344 | $76,635,148 |
Volunteernow Dallas, TX | $4,786,170 | $3,125,893 |
Louisiana Delta Services Corps Inc Baton Rouge, LA | $632,439 | $875,591 |
Region Vi Chapter Of Voluntary Protection Programs Participants Hunt, TX | $991,149 | $653,595 |
180 House Inc Abilene, TX | $390,539 | $487,514 |
Retired Senior Volunteer Program Of Enid & N Central Oklahoma Inc Enid, OK | $486,314 | $719,115 |
Rsvp Of Central Oklahoma Inc Oklahoma City, OK | $368,233 | $397,709 |
Betty Bivins Childers Foundation Amarillo, TX | $17,347,602 | $12,047 |
Extra Mile Region Viii Inc Monroe, LA | $48,369 | $308,600 |
New Ability Health Center Incorporated Missouri City, TX | $19,479 | $204,282 |
Texarkana Volunteer Services Bureau Inc Texarkana, TX | $369,077 | $172,780 |
Retired Senior Volunteer Program Of Tulsa Inc Tulsa, OK | $0 | $197,460 |