Matthew 25 Inc
- Assets
- $8.3m
- Revenue
- $7.4m
- Investments
- $97.5k
- Employees
- 49
- Location
- Fort Wayne, IN
- Founding
- 12/1980
- Data as of
- 09/2023
- EIN
- 35-1484951
Organization Overview
Matthew 25 Inc is located in Fort Wayne, IN. The organization was established in 1980. As of 09/2023, Matthew 25 Inc employed 49 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Matthew 25 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 09/2023, Matthew 25 Inc generated $7.4m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $7.9m during the year ending 09/2023. 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
MATTHEW 25 IS THE ONLY FULL TIME CLINIC IN ALLEN COUNTY OFFERING FREE MEDICAL, DENTAL, VISION AND HEARING SERVICES UNDER ONE ROOF TO UNINSURED, LOW-INCOME RESIDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE MEDICAL, DENTAL AND OPTICAL CARE OR ACCESS TO CARE FOR INDIVIDUALS UNABLE TO RECEIVE CARE ELSEWHERE. (MEDICAL CARE - MEDICAL SCREENING, MINOR TREATMENT, ASSISTANCE WITH PRESCRIPTIONS AND LAB TESTS, PHYSICALS AND EDUCATION. DENTAL CARE - EXAMINATIONS, CLEANING AND EXTRACTIONS. OPTICAL CARE - PROVIDE PRIMARY OPTOMETRIC AND OPHTHALMOLOGY SERVICES.) THERE WERE 28,744 PATIENT VISITS THIS FISCAL YEAR. A TOTAL OF 4,873,016 OF PRESCRIPTIONS WERE DONATED TO MATTHEW 25 DURING 2023.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammie Stinson Medical Dire | Officer | 40 | $196,163 |
Roger Valliere Dental Direc | 40 | $150,064 | |
Michelle Creager CEO | Officer | 40 | $142,116 |
Bj Batt Director | Trustee | 1 | $0 |
John Bowen Director | Trustee | 1 | $0 |
Travis Bowersock Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $26,600 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,221,786 |
| Noncash contributions included in lines 1a–1f | $4,907,253 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,248,386 |
| Total Program Service Revenue | $36,708 |
| Investment income | $154,650 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$59,069 |
| Net Income from Fundraising Events | $2,621 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,383,296 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $4,873,016 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $376,443 |
| Compensation of current officers, directors, key employees. | $94,017 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,572,458 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $91,688 |
| Payroll taxes | $140,586 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,064 |
| Fees for services: Accounting | $10,650 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,021 |
| Fees for services: Other | $159,502 |
| Advertising and promotion | $34,027 |
| Office expenses | $113,609 |
| Information technology | $84,587 |
| Royalties | $0 |
| Occupancy | $59,586 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,423 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $130,697 |
| Insurance | $13,855 |
| All other expenses | $0 |
| Total functional expenses | $7,926,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $287,211 |
| Savings and temporary cash investments | $841,194 |
| Pledges and grants receivable | $419,767 |
| 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 | $28,697 |
| Net Land, buildings, and equipment | $2,415,020 |
| Investments—publicly traded securities | $3,992,128 |
| Investments—other securities | $97,517 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250,399 |
| Total assets | $8,331,933 |
| Accounts payable and accrued expenses | $346,924 |
| 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 | $346,924 |
| Net assets without donor restrictions | $6,141,165 |
| Net assets with donor restrictions | $1,843,844 |
| 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 | $8,331,933 |