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Nonprofit · EIN 87-4099027

MF COMMUNITY IMPACT INC

Tax-exempt · HEMPHILL, TX 75948

Financials

$87.6M$116K2022$3.7M$204K2023
Revenue Expenses · by fiscal year end
Financials of MF COMMUNITY IMPACT INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$3,660,959$204,084$3,456,875$93,121,915$0$93,121,915
December 31, 2022990 (amended)$87,563,050$115,873$87,447,177$87,763,309$0$87,763,309
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$3,660,959
Net gain from sales of assets
$2,057,765
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Management and general (functional)
$204,084

Balance sheet and other

Total assets, start of year
$87,763,309
Total assets, end of year
$93,121,915
Total liabilities, end of year
$0
Net assets, end of year
$93,121,915
Publicly traded securities
$28,182,756
Net assets without donor restrictions
$93,121,915
Gross receipts
$39,976,085
Employees
0
Volunteers
3
Year formed
2021
State of legal domicile
TX

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
Charles VictoryPresident
Trustee or director, Officer
2$0
Carla MorganTreasurer
Trustee or director, Officer
2$0
Robert Neal JrSecretary
Trustee or director, Officer
2$0
990 for the year ended December 31, 2022: 3 people
NameTitleHours / weekCompensation
Charles VictoryPresident
Trustee or director, Officer
2$0
Carla MorganTreasurer
Trustee or director, Officer
2$0
Robert Neal JrSecretary
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
530 ARNOLD PL, HEMPHILL, TX 75948-6009
Principal officer (990 for 2023)
Charles Victory, 530 Arnold Place, Hemphill, TX 75948
Signed the 990
Carla Morgan, Treasurer
Phone
(936) 205-5811
Return prepared by
Blazek & Vetterling

Mission

MF Community Impact, Inc. exists to promote social welfare through benefiting the community of the Sabine County, Texas area.

990 for the year ended December 31, 2023

Program accomplishments

  • MF Community Impact, Inc. exists to promote social welfare through benefiting the community of the Sabine County, Texas area. Sabine County has roughly 10,000 residents, the majority of whom are over age 65. The County residents face unfavorable economic circumstances. The average salary is less than 60 percent of the statewide average, and the unemployment rate is almost twice the national average. MF Community Impact will engage in economic development to increase the number of businesses in the County to alleviate unemployment.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
87-4099027
Tax-exempt status
501(c)(4): Social welfare organization
Donations deductible
No
Exempt since
2023
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$93,121,915
Income (IRS master file)
$39,976,085

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$3,660,959$204,084$93,121,915XML
990December 2022$87,563,050$115,873$87,763,309XML

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-4099027).

Questions about MF COMMUNITY IMPACT INC

What is the EIN of MF COMMUNITY IMPACT INC?
The employer identification number (EIN) of MF COMMUNITY IMPACT INC is 87-4099027.
Is MF COMMUNITY IMPACT INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(4) since 2023.
Are donations to MF COMMUNITY IMPACT INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does MF COMMUNITY IMPACT INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MF COMMUNITY IMPACT INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MF COMMUNITY IMPACT INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of MF COMMUNITY IMPACT INC?
The 990 for the year ended December 31, 2023 names Charles Victory.
Who are the officers and directors of MF COMMUNITY IMPACT INC?
The 990 for the year ended December 31, 2023 lists 3 people; 0 received compensation from the organization.
How much revenue does MF COMMUNITY IMPACT INC have?
On its 990 for the year ended December 31, 2023 it reported revenue of $3,660,959, expenses of $204,084 and total assets of $93,121,915 at year end.

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