Mortar Board Inc
- Assets
- $330.1k
- Revenue
- $513.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Columbus, OH
- Founding
- 11/1945
- Data as of
- 12/2021
- EIN
- 35-1082961
Organization Overview
Mortar Board Inc is located in Columbus, OH. The organization was established in 1945. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. As of 12/2021, Mortar Board Inc employed 11 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Mortar Board 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, Mortar Board Inc generated $513.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $460.3k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 7 years. 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
MORTAR BOARD, INC. IS A NATIONAL SOCIETY WHOSE PURPOSE IS TO FACILITATE COOPERATION AMONG THESE SOCIETIES, TO CONTRIBUTE TO THE SELF-AWARENESS OF ITS MEMBERS, TO PROMOTE EQUAL OPPORTUNITIES AMONG ALL PEOPLES, TO EMPHASIZE THE ADVANCEMENT OF THE STATUS OF WOMEN, TO SUPPORT THE IDEALS OF THE UNIVERSITY, TO ADVANCE A SPIRIT OF SCHOLARSHIP, TO RECOGNIZE AND ENCOURAGE LEADERSHIP, TO PROVIDE SERVICE, AND TO ESTABLISH THE OPPORTUNITY FOR A MEANINGFUL EXCHANGE OF IDEAS AS INDIVIDUALS AND AS A GROUP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL CONFERENCE
CHAPTER SUPPORT
OTHER PROGRAM SERVICES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Kirsten Fox Executive Di | Officer | 25 | $58,885 |
Dr Sarra Nazem Vice Preside | OfficerTrustee | 3 | $0 |
Ms Kathryn Chick President | OfficerTrustee | 3 | $0 |
Dr Cassandra Lucas President-El | OfficerTrustee | 3 | $0 |
Ms Bre'una Keeton Secretary-Tr | OfficerTrustee | 3 | $0 |
Ms Gail Harrison Corvette Imdt. Past P | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $8,438 |
| Government grants | $40,635 |
| All other contributions, gifts, grants, and similar amounts not included above | $84,855 |
| Noncash contributions included in lines 1a–1f | $1,381 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $133,928 |
| Total Program Service Revenue | $306,847 |
| Investment income | $30,004 |
| 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 | $39,648 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $513,485 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $58,885 |
| Compensation of current officers, directors, key employees. | $13,287 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $193,521 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,034 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,764 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $9,952 |
| Advertising and promotion | $0 |
| Office expenses | $4,316 |
| Information technology | $2,220 |
| Royalties | $0 |
| Occupancy | $31,734 |
| Travel | $4,209 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $34,631 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $91 |
| Insurance | $757 |
| All other expenses | $0 |
| Total functional expenses | $460,297 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $82,756 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $29,170 |
| 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 | $213,961 |
| Total assets | $330,137 |
| Accounts payable and accrued expenses | $131,977 |
| 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 | $0 |
| Total liabilities | $131,977 |
| Net assets without donor restrictions | $198,160 |
| 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 | $330,137 |
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