2024-06-24T15:42:48-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2023-01-01 260467321 MATTHEW 25 MATT 3193622214 201 3RD AVE SW CEDAR RAPIDS IA 52404 CLINT TWEDT-BALL EXECUTIVE DIRECTOR 3193622214 2024-06-24 1 CLINT TWEDT-BALL 999009999 0 DAVID LITTLE P01480921 3193632697 2024-06-18 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z CLINT TWEDT-BALL 201 3RD AVE SW CEDAR RAPIDS IA 52404 2209879 0 X WWW.MATTHEW-25.ORG X 2007 IA MATTHEW 25 IMPROVES THE HEALTH OF PEOPLE AND NEIGHBORHOODS BY INVESTING IN QUALITY AFFORDABLE HOUSING, HEALTHY FOOD, EDUCATIONAL OPPORTUNITIES, AND COMMUNITY BUILDING. 12 12 62 602 0 0 2389368 1778961 317756 411725 38507 19193 0 0 2745631 2209879 1134241 50131 0 0 1075982 1218446 0 0 122874 877997 937347 3088220 2205924 -342589 3955 5031258 5240029 906585 1109246 4124673 4130783 X VISION- MATTHEW 25 ENVISIONS THRIVING, CONNECTED COMMUNITIES WITH SHARING ECONOMIES, WHERE PEOPLE ARE VALUED, TALENTS ARE MULTIPLIED, AND NEIGHBORS LIVE HEALTHY, NOURISHED LIVES FULL OF OPPORTUNITY. 0 0 875354 272517 CULTIVATE HOPE EXPANDS HEALTHY FOOD CULTURE FOR ALL THROUGH HANDS-ON GROWING, SHARING AND LEARNING ACTIVITIES. THE PROGRAM'S GOALS ARE TO GROW HEALTHY FOOD, RESOURCES AND COMMUNITY SPIRIT, AND TO LEARN ABOUT LOCAL FOODS, FOOD PRODUCTION AND HEALTHY BEHAVIORS. DURING 2023, MATTHEW 25 ACCOMPLISHED THE FOLLOWING CULTIVATE HOPE GOALS:-GAVE AWAY 6,934 FREE OR REDUCED COST MEALS THROUGH GROUNDSWELL CAFE.-GAVE $31,384 WORTH OF FRESH FOOD THROUGH THE CULTIVATE HOPE CORNER STORE.-PROVIDED LAND TO 40 COMMUNITY GARDENERS. -TAUGHT MORE THAN 125 EDUCATIONAL CLASSES ABOUT HEALTHY FOODS TO YOUTH AND ADULTS. 761100 50131 135722 NEIGHBORHOOD BUILDING REVITALIZES COMMUNITIES BY ENCOURAGING NEIGHBORS TO DREAM OF POSSIBILITIES, ORGANIZING SUSTAINABLE REINVESTMENT AND SOUND PUBLIC POLICY IN TARGETED NEIGHBORHOODS AND PROVIDING A SHARED NETWORK OF TOOLS AND RESOURCES.DURING 2023, MATTHEW 25 ACCOMPLISHED THE FOLLOWING NEIGHBORHOOD BUILDING GOALS:-HELPED 33 HOMEOWNERS WITH HOME REPAIRS AND 14 HOMEOWNERS WITH YARD CLEAN-UP PROJECTS, USING 2,828 HOURS OF VOLUNTEER LABOR.-COMPLETED SIX RENTAL UNITS REHABS.-RENTED 18 UNITS OF QUALITY, AFFORDABLE HOUSING.-CHECKED OUT 226 TOOLS TO INDIVIDUALS TO HELP WITH HOME AND GARDEN PROJECTS.-STARTED CONSTRUCTION ON TWO NEW AFFORDABLE HOMES THAT WILL BE SOLD AT A DEEPLY DISCOUNTED PRICE TO RESIDENTS AT 80% AREA MEDIAN INCOME. 49003 3486 COMMUNITY BUILDING CONNECTS NEIGHBORS AND COMMUNITY MEMBERS IN ORDER TO INCREASE SOCIAL COHESION, HAPPINESS AND PUBLIC SAFETY IN NEIGHBORHOODS.DURING 2023, MATTHEW 25 ACCOMPLISHED THE FOLLOWING COMMUNITY BUILDING GOALS:-CARRIED OUT 42 ONE-ON-ONE CONVERSATIONS GETTING TO KNOW THE GIFTS AND TALENTS OF OUR NEIGHBORS.-CURATED 28 COMMUNITY EVENTS THAT DREW NEIGHBORS TOGETHER.-ENGAGED 602 PEOPLE IN 7,978 HOURS OF VOLUNTEER WORK THAT STRENGTHENED NEIGHBORHOODS. 1685457 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 10 0 62 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL MI MN WI FL X CLINT TWEDT-BALL 3193622214 201 3RD AVE SW CEDAR RAPIDS IA 52404 HAYES REV HEATHER PRESIDENT 3.00 X X 0 0 0 ANDERSON RYAN VICE PRESIDENT 3.00 X X 0 0 0 RYAN JAKE TREASURER 3.00 X X 0 0 0 DAY THOMAS SECRETARY 3.00 X X 0 0 0 BARND MATTHEW DIRECTOR 1.00 X 0 0 0 BAXTER DAN DIRECTOR 1.00 X 0 0 0 BRENNEMAN JEAN DIRECTOR 1.00 X 0 0 0 HILL-DAVIS NANCY DIRECTOR 1.00 X 0 0 0 NORDBY GRANT DIRECTOR 1.00 X 0 0 0 SPORE JULIE DIRECTOR 1.00 X 0 0 0 STOLTENBERG DAVID DIRECTOR 1.00 X 0 0 0 WESTPHAL ROBYNN DIRECTOR 1.00 X 0 0 0 TWEDT-BALL CLINT EXECUTIVE DIRECTOR 40.00 X 82508 0 8306 WASTA JOHN DIRECTOR OF FINANCE 32.00 X 62124 0 1872 144632 0 10178 0 0 0 0 0 185000 481659 1112302 21916 1778961 PROGRAM SERVICE REVENU 561700 411725 411725 411725 19193 19193 2209879 411725 0 19193 50131 50131 154810 119204 21673 13933 912903 801389 49399 62115 18856 14519 2640 1697 53930 41526 7550 4854 77947 60019 10913 7015 1625 1107 456 62 56096 38217 15732 2147 65032 28328 32297 4407 22293 21354 939 168800 127921 21624 19255 162006 104383 57623 16492 15391 1101 4490 3504 986 29076 19496 9580 250901 150954 99947 102789 40024 62765 EQUIPMENT RENT & MAINT 13463 10300 3114 49 MEMBERSHIP & DUES 3416 2211 193 1012 40868 35479 5389 2205924 1685457 397593 122874 579457 810234 1171025 713236 260905 375251 35574 27125 40606 46956 4578087 1360671 2899368 3217416 44323 49811 5031258 5240029 147242 205596 759343 903650 906585 1109246 X 3707229 3726640 417444 404143 4124673 4130783 5031258 5240029 X 3955 2155 X X 0 1 X 1 0 X 580661 2263361 3418473 2389368 1778961 10430824 580661 2263361 3418473 2389368 1778961 10430824 214264 10216560 2809 75 5880 5237 19193 33194 9130 45266 54396 10518414 1801965 0.97130 0.96720 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM SPECIAL EVENTS - 2019 AMOUNT: $ 9,130. MISCELLANEOUS REVENUE - 2021 AMOUNT: $ 45,266. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 179160 58341 237501 1218626 2015519 1035964 2198181 387786 172180 215606 227610 152527 75083 491045 491045 3217416 X 2689397 33546 5930 39476 2649921 -440042 -440042 2209879 2683287 33546 443817 477363 2205924 0 2205924 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF THE IOWA INCOME TAX LAW, WHICH PROVIDES INCOME TAX EXEMPTION FOR CORPORATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. THE INTERNAL REVENUE SERVICE HAS NOT CLASSIFIED THE ORGANIZATION AS A PRIVATE FOUNDATION. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION FOLLOWS THE STANDARD FOR EVALUATING UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 5,930. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -440,042. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION ON CAPITALIZED DONATED SERVICES 3,775. COST OF GOODS SOLD 440,042. 1 HOME REPAIR AND MAINTENANCE ASSISTANCE TO HOME OWNERS DURING TRANSFORM WEEKS 40 16598 HOME REPAIR ASSISTANCE TO HOME OWNERS IMPACTED BY THE 2020 DERECHO. 10 33533 PART I, LINE 2: DERECHO RECOVERY ASSISTANCE WAS PRIMARILY THROUGH THE PROVIDING ASSISTANCE TO COMMUNITY HOMEOWNERS (PATCH) PROGRAM. PATCH IS A COLLABORATION OF MULTIPLE NON-PROFIT AND GOVERNMENTAL AGENCIES, INCLUDING MULTIPLE PUBLIC AND PRIVATE FUNDING ENTITIES. FOLLOWING HOMEOWNER APPLICATION, QUALIFICATION AND APPROVAL, MATTHEW 25 DEVELOPS SCOPES OF WORK FOR CONSTRUCTIONS ISSUES, OVERSEES CONSTRUCTION, AND IS REIMBURSED FOR OUR EXPENSES. TRANSFORM IS A PROGRAM OF MATTHEW 25, WORKING TO REVITALIZE TARGET NEIGHBORHOODS. HOMEOWNERS WHO APPLY AND MEET THE PROGRAM GUIDELINES ARE ASSISTED WITH HOUSING REHABILITATION THROUGH A COMBINATION OF VOLUNTEER AND CONTRACTOR WORK. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY, BY A MAJORITY VOTE OF ITS MEMBERS, DESIGNATE AN EXECUTIVE COMMITTEE CONSISTING OF FOUR (4) DIRECTORS AND MAY DELEGATE TO SUCH COMMITTEES THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION, TO THE EXTENT PERMITTED, AND EXCEPT AS MAY OTHERWISE BE PROVIDED, BY PROVISIONS OF LAW. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. COPIES OF THE COMPLETED DRAFT FORM 990 (INCLUDING REQUIRED SCHEDULES) WILL BE DISTRIBUTED TO THE ADMINISTRATIVE/FINANCE COMMITTEE FOR REVIEW AND APPROVAL. ANY QUESTIONS OR CONCERNS WILL BE NOTED AND ADDRESSED, WITH ANY NECESSARY CHANGES BEING INCORPORATED IN THE FORM 990 AS APPROPRIATE. THE UPDATED DRAFT OF THE FORM 990 (INCLUDING REQUIRED SCHEDULES) WILL BE DISTRIBUTED TO EVERY VOTING MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, COMMITTEE MEMBER, AND EMPLOYEE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS MATTHEW 25 IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. MATTHEW 25 ALSO CONDUCTS PERIODIC REVIEWS TO ENSURE COMPLIANCE. ANY CONFLICTS THAT EXIST WILL BE NOTED IN THE MINUTES. IF A CONFLICT DOES ARISE AND IT IS APPROPRIATE A COMMITTEE OF DISINTERESTED PERSONS MAY BE ESTABLISHED TO INVESTIGATE ALTERNATIVES. IF A MORE ADVANTAGEOUS TRANSACTION THAT DOES NOT CAUSE A CONFLICT OF INTEREST CAN BE LOCATED THROUGH REASONABLE EFFORTS IT WILL BE PURSUED AS A VIABLE OPTION. THE CONFLICTED PARTY WILL NOT VOTE ON THE CONFLICTED TRANSACTION AND WILL LEAVE THE MEETING DURING ANY DISCUSSION ON THE TOPIC. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE EXECUTIVE DIRECTOR SHALL BE PERIODICALLY REVIEWED BY THE EXECUTIVE COMMITTEE TO DETERMINE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. SALARY RECOMMENDATIONS ARE TAKEN TO THE BOARD FOR APPROVAL. THE REVIEW PROCESS WAS LAST COMPLETED IN 2023. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DEPRECIATION ON CAPITALIZED DONATED SERVICES -3,775. CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 5,930. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE PROCEDURES USED BY THE AUDIT OVERSIGHT COMMITTEE.