Matura Action Corporation
- Assets
- $2.5m
- Revenue
- $5.6m
- Investments
- $0.0
- Employees
- 79
- Location
- Creston, IA
- Founding
- 08/1966
- Data as of
- 09/2023
- EIN
- 42-0920388
Organization Overview
Matura Action Corporation is located in Creston, IA. The organization was established in 1966. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Matura Action Corporation employed 79 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matura Action Corporation 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 09/2023, Matura Action Corporation generated $5.6m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $5.2m during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
REGION'S PRIMARY AGENCY FOR SERVICES STRIVING TO ELIMINATE THE CAUSES & CONDITIONS OF POVERTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEATHERIZATION/ENERGY ASSISTANCE CONSISTS OF THE LOW-INCOME HOUSING ENERGY ASSISTANCE (LIHEAP), LOW-INCOME HOUSEHOLD WATER ASSISTANCE PROGRAM (LIHWAP), AND WEATHERIZATION PROGRAMS. LIHEAP AND LIHWAP GIVES EMERGENCY FUEL AND WATER ASSISTANCE TO ECONOMICALLY DISADVANTAGED CONSUMERS WHO MEET ALL CRITERIA OF THE PROGRAM. WEATHERIZATION IMPROVES THE ENERGY EFFICIENCY OF HOMES FOR INDIVIDUALS ELIGIBLE TO RECEIVE ASSISTANCE IN THE PROGRAM.
CHILD EDUCATION SERVICES ARE PROVIDED THROUGH THE HEAD START PROGRAM WHICH SERVED 215 CHILDREN FOR THE 2023 FISCAL YEAR. HEAD START IS AN EARLY LEARNING DEVELOPMENT PROGRAM FOR ECONOMICALLY DISADVANTAGED PARTICIPANTS WHO MEET THE CRITERIA FOR THE PROGRAM.
COMMUNITY SERVICES THESE PROGRAMS SERVE INCOME-QUALIFIED INDIVIDUALS AND FAMILIES WITH A VARIETY OF SERVICES INCLUDING FAMILY DEVELOPMENT, RENTAL ASSISTANCE, CHILD AND DENTAL HEALTH, AND DISASTER AND EMERGENCY NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Green Chairperson | OfficerTrustee | 1 | $0 |
Leland Shipley Vice Chairperson | OfficerTrustee | 1 | $0 |
Rick Friday Secretary (thru Nov 2022) | OfficerTrustee | 1 | $0 |
Megan Boswell Secretary | OfficerTrustee | 1 | $0 |
Teresa Brace Board Member | Trustee | 1 | $0 |
Catherine Bristow Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
David Love Construction Weatherization Contractor | 9/29/16 | $205,685 |
F & M Carpentry Llc Weatherization Contractor | 9/29/16 | $109,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,944,393 |
| All other contributions, gifts, grants, and similar amounts not included above | $283,534 |
| Noncash contributions included in lines 1a–1f | $23,477 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,227,927 |
| Total Program Service Revenue | $207,606 |
| Investment income | $5,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $52,138 |
| 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 | $5,604,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $206,623 |
| Grants and other assistance to domestic individuals. | $1,503,359 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $199,444 |
| Compensation of current officers, directors, key employees. | $175,881 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,751,550 |
| Pension plan accruals and contributions | $153,511 |
| Other employee benefits | $183,772 |
| Payroll taxes | $188,819 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $31,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $124,870 |
| Advertising and promotion | $13,983 |
| Office expenses | $254,931 |
| Information technology | $106,714 |
| Royalties | $0 |
| Occupancy | $113,171 |
| Travel | $32,837 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $31,874 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $57,578 |
| Insurance | $55,894 |
| All other expenses | $145,656 |
| Total functional expenses | $5,184,711 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,081,534 |
| Pledges and grants receivable | $601,030 |
| Accounts receivable, net | $16,835 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $4,298 |
| Prepaid expenses and deferred charges | $246,035 |
| Net Land, buildings, and equipment | $487,410 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $39,889 |
| Total assets | $2,477,031 |
| Accounts payable and accrued expenses | $266,616 |
| Grants payable | $0 |
| Deferred revenue | $326,125 |
| 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 | $40,403 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $633,144 |
| Net assets without donor restrictions | $1,523,678 |
| Net assets with donor restrictions | $320,209 |
| 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 | $2,477,031 |