Jack M Matthews Corporation
- Assets
- $6.3m
- Revenue
- $325.5k
- Investments
- $6.1m
- Employees
- 0
- Location
- Galax, VA
- Founding
- Data as of
- 12/2022
- EIN
- 85-0576755
Organization Overview
Jack M Matthews Corporation is located in Galax, VA. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jack M Matthews 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 12/2022, Jack M Matthews Corporation generated $325.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 7.3% each year. All expenses for the organization totaled $561.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Jack M Matthews Corporation has awarded 17 individual grants totaling $574,685. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
CORPORATION ENTERED INTO AN AGREEMENT WITH THE VIRGINIA DEPARTMENT OF FORESTRY FOR THE CONSULTATION TO CONDUCT A THOROUGH MANAGEMENT ASSESSMENT AND TO DEVELOP A LONG-RANGE PLAN FOR CARRYING OUT THE CHARITABLE AND EDUCATIONAL PURPOSES OF THE CORPORATION.
THE CORPORATION INCURRED EXPENDITURES TO PAY FOR ADMINISTRATIVE AND OPERATING COSTS OF MAINTAINING THE CORPORATION'S ASSETS USED IN ITS CHARITABLE ACTIVITIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John W Bolen President | 1 | $0 | |
James M Baxley Secretary | 1 | $0 | |
Onnie Harmon Treasurer | 1 | $0 | |
Bobby R Thomason Director | 0.25 | $0 | |
Douglas S Vaught V President | 1 | $0 | |
Cindy Huff Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,606 |
| Dividends & Interest | $255,189 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $74,152 |
| Capital Gain Net Income | $8,117 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$12,452 |
| Total Revenue | $325,495 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,348 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,025 |
| Contributions, gifts, grants paid | $522,735 |
| Total expenses and disbursements | $561,760 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $191,973 |
| 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 | $8,665 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,277,004 |
| 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, Jack M Matthews Corporation has awarded $522,735 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
VIRGINIA DEPARTMENT OF FORESTRY PURPOSE: UPKEEP AT STATE PARK | $8,385 |
BLUE RIDGE DISCOVERY CENTER PURPOSE: SUPPORT FOR EDUCATIONAL PROGRAMS | $125,000 |
GRAYSON COUNTY RECREATION DEPART PURPOSE: SUPPORT FOR ORGANIZATION | $2,000 |
GALAX RECREATION DEPARTMENT PURPOSE: SUPPORT FOR ORGANIZATION | $2,000 |
CARROLL COUNTY RECREATION DEPART PURPOSE: SUPPORT FOR ORGANIZATION | $2,000 |
WILD QUAIL FOUNDATION INC PURPOSE: SUPPORT STUDY FOR QUAIL RESTORATION | $25,000 |