M C Resource Management
- Assets
- $395.1k
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 43
- Location
- Anchorage, AK
- Founding
- 11/2006
- Data as of
- 12/2021
- EIN
- 43-2023040
Organization Overview
M C Resource Management is located in Anchorage, AK. The organization was established in 2006. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2021, M C Resource Management employed 43 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. M C Resource Management 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, M C Resource Management generated $2.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.5% each year. All expenses for the organization totaled $2.2m during the year ending 12/2021. While expenses have increased by 5.1% 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
THE ORGANIZATION IS ESTABLISHED TO CREATE EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH SEVERE DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
ORGANIZATION EMPLOYED APPROX. 50 PEOPLE WITH DISABILITIES DURING THE PERIOD ENDED DECEBMER 31, 2021
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew H Kwon Presidentdirector | OfficerTrustee | 40 | $150,000 |
Forest Brussard Director | Trustee | 1 | $0 |
Thomas Kwon Director | Trustee | 1 | $0 |
Barry Stover Director | Trustee | 1 | $0 |
Bok Hee Kwon Secretary | Trustee | $0 | |
Song Ha Assistant Secretary | Trustee | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,299,941 |
| Investment income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,635,825 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $150,000 |
| Compensation to disqualified persons | $1,123,429 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $544,085 |
| Payroll taxes | $107,376 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $300 |
| Advertising and promotion | $0 |
| Office expenses | $22,869 |
| Information technology | $8,507 |
| Royalties | $0 |
| Occupancy | $54,000 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $33,068 |
| All other expenses | $3,878 |
| Total functional expenses | $2,196,552 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,996 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $108,290 |
| 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 | $9,170 |
| Net Land, buildings, and equipment | $11,661 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $395,117 |
| Accounts payable and accrued expenses | $68,644 |
| 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 | $110,453 |
| Total liabilities | $179,097 |
| Net assets without donor restrictions | $216,020 |
| 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 | $395,117 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nine Star Enterprises Inc Anchorage, AK | $4,586,616 | $7,302,170 |
Morningside Olympia, WA | $7,181,079 | $6,575,120 |
Innovative Services Nw Vancouver, WA | $7,556,604 | $6,115,440 |
Sherwood Community Services Lake Stevens, WA | $4,342,303 | $6,268,355 |
Washington Vocational Services Inc Everett, WA | $3,005,380 | $4,456,938 |
Work Opportunities Inc Lynnwood, WA | $6,939,694 | $4,574,090 |
M C Resource Management Anchorage, AK | $395,117 | $2,635,825 |
Skcac Industries And Employment Services Kent, WA | $2,039,916 | $1,891,952 |
Washington Indian Gaming Association Olympia, WA | $1,714,569 | $1,472,449 |
Centerforce Lakewood, WA | $4,639,749 | $3,024,454 |
Cares Of Washington Seattle, WA | $2,011,153 | $2,207,021 |
Boost Collaborative Pullman, WA | $1,050,815 | $1,568,674 |