Matthew 25 Inc
- Assets
- $8.2m
- Revenue
- $7.8m
- Investments
- $90.3k
- Employees
- 43
- Location
- Fort Wayne, IN
- Founding
- 12/1980
- Data as of
- 09/2022
- EIN
- 35-1484951
Organization Overview
Matthew 25 Inc is located in Fort Wayne, IN. The organization was established in 1980. As of 09/2022, Matthew 25 Inc employed 43 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 09/2022, Matthew 25 Inc generated $7.8m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $8.0m during the year ending 09/2022. 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
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 26,859 PATIENT VISITS THIS FISCAL YEAR. A TOTAL OF 5,241,759 OF PRESCRIPTIONS WERE DONATED TO MATTHEW 25 DURING 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tammie Stinson Medical Dire | Officer | 40 | $190,392 |
Michelle Creager CEO | Officer | 40 | $134,511 |
Roger Valliere Dental Direc | 40 | $120,036 | |
Aaron Schaffer Chair | OfficerTrustee | 1 | $0 |
Bj Batt Vice Chair | OfficerTrustee | 1 | $0 |
Sara Giaquinta MD Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,432 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $7,547,688 |
| Noncash contributions included in lines 1a–1f | $5,281,337 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,556,120 |
| Total Program Service Revenue | $28,955 |
| Investment income | $85,208 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $149,406 |
| Net Income from Fundraising Events | $737 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,820,426 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $5,241,759 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $360,243 |
| Compensation of current officers, directors, key employees. | $88,879 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,406,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $100,671 |
| Payroll taxes | $125,849 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,150 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $26,293 |
| Fees for services: Other | $135,279 |
| Advertising and promotion | $15,104 |
| Office expenses | $124,530 |
| Information technology | $73,615 |
| Royalties | $0 |
| Occupancy | $57,231 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,598 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $132,535 |
| Insurance | $10,605 |
| All other expenses | $0 |
| Total functional expenses | $8,024,302 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $499,938 |
| Savings and temporary cash investments | $68,856 |
| Pledges and grants receivable | $474,581 |
| 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 | $27,898 |
| Net Land, buildings, and equipment | $2,507,934 |
| Investments—publicly traded securities | $4,487,932 |
| Investments—other securities | $90,259 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,425 |
| Total assets | $8,169,823 |
| Accounts payable and accrued expenses | $113,709 |
| 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 | $113,709 |
| Net assets without donor restrictions | $5,990,104 |
| Net assets with donor restrictions | $2,066,010 |
| 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 | $8,169,823 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Matthew 25 Inc has recieved totaling $29,000.
| Awarding Organization | Amount |
|---|---|
Magee-Oconnor Foundation Inc Fort Wayne, IN PURPOSE: CHARITABLE | $25,000 |
Mary C & Perry F Spencer Foundation Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $4,000 |
Endowment Analysis
| Beg. Balance | $1,326,740 |
| Earnings | -$202,112 |
| Admin Expense | $7,890 |
| Other Expense | $56,639 |
| Ending Balance | $1,060,099 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fort Wayne Medical Society Foundation Inc Fort Wayne, IN | $12,399,557 | $11,660,059 |
Metastar Inc Madison, WI | $8,260,290 | $12,383,276 |
Matthew 25 Inc Fort Wayne, IN | $8,169,823 | $7,820,426 |
National Assoc For Health Care Quality Chicago, IL | $9,263,284 | $8,356,035 |
Carle Development Foundation Urbana, IL | $70,454,339 | $11,227,121 |
American Association Of Physicians Of India Orgin Oak Brook, IL | $5,929,645 | $2,661,362 |
Academy Of Communication In Healthcare Inc Lexington, KY | $2,030,393 | $1,262,328 |
Caylor Nickel Foundation Inc Bluffton, IN | $5,945 | $508,743 |
Champaign County Health Care Consumers Champaign, IL | $417,273 | $467,963 |
Beaver Dam Community Hospitals Fdn Inc Beaver Dam, WI | $5,289,230 | $733,279 |
Arthroplasty Foundation Inc Louisville, KY | $115,171 | $0 |
The Porter-Starke Services Foundation Inc Valparaiso, IN | $1,134,461 | $160,002 |