Matthew 25 40 Foundation
- Assets
- $401.0
- Revenue
- $44.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Roanoke, VA
- Founding
- 07/2019
- Data as of
- 12/2021
- EIN
- 83-2229109
Organization Overview
Matthew 25 40 Foundation is located in Roanoke, VA. The organization was established in 2019. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthew 25 40 Foundation 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, Matthew 25 40 Foundation generated $44.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (45.5%) each year. All expenses for the organization totaled $47.1k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (42.6%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory R Nichols Secretary/treasurer | 0 | $0 | |
Donald W Banker President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $44,607 |
| Interest on Savings | $2 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $44,609 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,525 |
| Contributions, gifts, grants paid | $45,601 |
| Total expenses and disbursements | $47,126 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $401 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $401 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Matthew 25 40 Foundation has awarded $45,601 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Lynchburg, VA PURPOSE: OPERATING CONTRIBUTION | $30,000 |
THOMAS ROAD BAPTIST CHURCH PURPOSE: OPERATING CONTRIBUTION | $14,601 |
CUDAS UNHOOKED PURPOSE: OPERATING CONTRIBUTION | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Foundation Of Memphis Memphis, TN | $73,386,968 | $19,619,043 |
Baptist Missions Inc Germantown, TN | $8,771,577 | $761,820 |
Church Of God Foundation Inc Cleveland, TN | $42,707,821 | $2,900,531 |
Cecil D Hylton Memorial Chapel Woodbridge, VA | $12,878,784 | $1,107,990 |
Rescue Legacy Fund Inc Durham, NC | $26,511,238 | $3,583,922 |
Bellevue Foundation Inc Cordova, TN | $4,434,633 | $1,873,411 |
Love Of Jesus Inc Richmond, VA | $78,913 | $756,026 |
Cathedral Of The Sacred Heart Foundation Richmond, VA | $1,493,251 | $566,622 |
Camp St Charles Inc Issue, MD | $696,980 | $720,122 |
Ground 40 Ministries Monroe, NC | $160,310 | $647,877 |
Virginia Baptist Childrens Home & Family Services Foundation Salem, VA | $12,915,726 | $2,531,560 |
Acc Foundation Washington, DC | $169,352 | $568,950 |