Madisonville Education And Assistance Center Inc
- Assets
- $776.5k
- Revenue
- $822.7k
- Investments
- $0.0
- Employees
- 10
- Location
- Cincinnati, OH
- Founding
- 03/1988
- Data as of
- 06/2022
- EIN
- 31-1218223
Organization Overview
Madisonville Education And Assistance Center Inc is located in Cincinnati, OH. The organization was established in 1988. According to its NTEE Classification (P60) the organization is classified as: Emergency Assistance, under the broad grouping of Human Services and related organizations. As of 06/2022, Madisonville Education And Assistance Center Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Madisonville Education And Assistance Center Inc 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 06/2022, Madisonville Education And Assistance Center Inc generated $822.7k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (3.0%) each year. All expenses for the organization totaled $797.5k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (1.8%) per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EMERGENCY ASSISTANCE AND EDUCATION TO RESIDENTS OF MADISONVILLE AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MARKETPLACE PROVIDES FRESH PRODUCE, MILK, MEAT, AND BREAD AS WELL AS SHELF-STABLE FOODS TO QUALIFYING FAMILIES, WHO CAN SHOP WITH US ONCE A MONTH. THE MARKETPLACE SERVES THE WHOLE FAMILY. WE AVERAGED 135-150 HOUSEHOLDS PER MONTH, SERVING AGES 0-80+. 3,148 INDIVIDUALS. RECEIVED FOOD FROM THE MARKETPLACE.
MEAC PROVIDES EMERGENCY FINANCIAL ASSISTANCE (EFA) TO HOUSEHOLDS TO AVOID EVICTION, FORECLOSURE, OR UTILITY DISCONNECTIONS. DURING THE 2021-22 FISCAL YEAR 144 HOUSEHOLDS WERE ABLE TO RECEIVE THESE CRITICAL SUPPORTS. AN EXTENSION OF EFA IS ENHANCE YOUR LIFE (EYL), A PERSONALIZED AND CLIENT-DIRECTED STABILIZATION PROGRAM OFFERED TO NEIGHBORS AS THE NEXT STEP BEYOND EFA. THE PROGRAM OFFERS STABILIZATION SUPPORT, GUIDANCE FOR INCREASING HOUSEHOLD INCOME AND LIMTED FINANCIAL BENEFITS, EMPLOYEMENT ASSISTANCE, HOUSEHOLD EXPENSE ASSESSMENTS, AND FOCUSES ON NEIGHBORS STAYING IN THEIR HOME AND COMMUNITY OF CHOICE. 40 HOUSEHOLDS PARTICIPATED IN EYL.
MEAC IS A LONG-TIME PARTNER WITH OUR NEIGHBORHOOD ELEMENTARY SCHOOL, THE JOHN P PARKER SCHOOL, SERVING CHILDREN AND FAMILIES OF THE SCHOOL. DURING THE 2021-2022 FISCAL YEAR, THE LITERACY INTERVENTION PROGRAM WAS IN A PERIOD OF TRANSITION AND INDIVIDUAL INTERVENTIONS WERE NOT OFFERED. MEAC CONTINUED TO SUPPORT AND SPONSOR THE PARKER LITERACY NIGHTS AND READ ACROSS MADISONVILLE EVENTS AND PROVIDED SUMMER LEARNING MATERIALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Michael Vilardo Chair | OfficerTrustee | 1 | $0 |
Ms Kelly Harris Vice Chair | OfficerTrustee | 1 | $0 |
Mr Philip Ruschman Treasurer | OfficerTrustee | 1 | $0 |
Mr Matthew Hubbard Secretary | OfficerTrustee | 1 | $0 |
Mr Aaron T Parker Board Memeber | Trustee | 1 | $0 |
Mr Anthony Sperelakis Board Memeber | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $110,243 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $67,600 |
| All other contributions, gifts, grants, and similar amounts not included above | $644,481 |
| Noncash contributions included in lines 1a–1f | $236,023 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $822,324 |
| Total Program Service Revenue | $0 |
| Investment income | $49 |
| 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 | $822,666 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $292,844 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,846 |
| Compensation of current officers, directors, key employees. | $11,749 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $236,185 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $13,248 |
| Payroll taxes | $29,772 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $26,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,421 |
| Advertising and promotion | $0 |
| Office expenses | $37,813 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $11,146 |
| 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 | $21,221 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $797,482 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,077 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $171,033 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $3,287 |
| Net Land, buildings, and equipment | $346,047 |
| Investments—publicly traded securities | $22,082 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $776,526 |
| Accounts payable and accrued expenses | $17,742 |
| 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 | $17,742 |
| Net assets without donor restrictions | $543,751 |
| Net assets with donor restrictions | $215,033 |
| 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 | $776,526 |