Matthew 25 40 Heartside Inc
- Assets
- $1.5m
- Revenue
- $787.9k
- Investments
- $0.0
- Employees
- 12
- Location
- Grand Rapids, MI
- Founding
- 01/1993
- Data as of
- 12/2021
- EIN
- 38-3075239
Organization Overview
Matthew 25 40 Heartside Inc, operating under the name In The Image, is located in Grand Rapids, MI. The organization was established in 1993. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, In The Image employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. In The Image 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, In The Image generated $787.9k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.7% each year. All expenses for the organization totaled $538.1k during the year ending 12/2021. While expenses have increased by 1.3% 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
PROVIDING HOPE, DIGNITY, RESPECT THROUGH THE BEST SHOPPING EXPERIENCE MONEY DOESN'T HAVE TO BUY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING NEW AND GENTLY USED CLOTHING, HOUSEWARES, FURNITURE AND APPLIANCES TO INDIVIDUALS AND FAMILIES IN NEED AT NO COST TO THEM.
PROVIDING NEW BACK-TO-SCHOOL SHOES TO ELEMENTARY STUDENTS FROM MORE THAN 36 AREA SCHOOLS, FREE OF CHARGE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bethann Egan Executive Director | Officer | 40 | $67,375 |
Michelle Lupanoff Secretary | OfficerTrustee | 2 | $0 |
Elliot Talon Chair | OfficerTrustee | 2 | $0 |
Kevin Schafer Treasurer | OfficerTrustee | 2 | $0 |
Ben Hawkins Vice Chair | Trustee | 1 | $0 |
Scott Setlock Board Member | 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 | $761,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $761,283 |
| Total Program Service Revenue | $29,903 |
| Investment income | $574 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$3,866 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $787,894 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $36,849 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $67,375 |
| Compensation of current officers, directors, key employees. | $26,950 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $223,190 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,375 |
| Payroll taxes | $25,033 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,340 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,438 |
| Advertising and promotion | $24,088 |
| Office expenses | $7,446 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $76,333 |
| Travel | $569 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $15,651 |
| Insurance | $13,261 |
| All other expenses | $538 |
| Total functional expenses | $538,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $334,784 |
| Savings and temporary cash investments | $379,780 |
| 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 | $37,610 |
| Prepaid expenses and deferred charges | $2,063 |
| Net Land, buildings, and equipment | $759,386 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,513,623 |
| Accounts payable and accrued expenses | $18,540 |
| 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 | $18,540 |
| Net assets without donor restrictions | $1,470,083 |
| Net assets with donor restrictions | $25,000 |
| 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 | $1,513,623 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Matthew 25 40 Heartside Inc has recieved totaling $108,666.
| Awarding Organization | Amount |
|---|---|
Rotary Club Of Grand Rapids- Charities Foundation Grand Rapids, MI PURPOSE: COMMUNITY | $25,000 |
American Endowment Foundation Hudson, OH PURPOSE: HUMAN SERVICE | $20,000 |
Schwab Charitable Fund San Francisco, CA PURPOSE: PUBLIC, SOCIETAL BENEFIT | $19,525 |
Delivering Good Inc New York, NY PURPOSE: POVERTY ASSISTANCE | $15,641 |
Grand Rapids Community Foundation Grand Rapids, MI PURPOSE: GENERAL OPERATING SUPPORT | $11,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, HUMAN SERVICES | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bronson South Haven Hospital Kalamazoo, MI | $45,465,190 | $38,417,378 |
Dave Thomas Foundation For Adoption Dublin, OH | $82,316,858 | $45,774,004 |
Wellpoint Care Network Inc Milwaukee, WI | $8,696,347 | $28,630,570 |
Applewood Centers Inc Shaker Heights, OH | $31,325,035 | $19,367,243 |
Truth For Life Solon, OH | $28,565,821 | $20,814,256 |
D A Blodgett-St Johns Grand Rapids, MI | $32,947,785 | $18,508,103 |
Michigan Nonprofit Association Lansing, MI | $6,155,794 | $10,465,564 |
Mareda Inc Toledo, OH | $0 | $769,242 |
Ohio Laborers Training And Apprenticeship Fund Westerville, OH | $24,371,350 | $8,394,060 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |
North Oakland Residential Services Inc Oxford, MI | $2,525,841 | $6,535,346 |
Greater Cleveland Sports Commission Cleveland, OH | $9,405,346 | $6,945,850 |