Mfasc INC: FY2021 Nonprofit Profile & Form 990 (EIN 16-1307129)

Revenue by fiscal year
FY2020	$535K
FY2021	$539K
FY2022	$539K
FY2023	$539K
FY2024	$539K

Expenses by fiscal year
FY2020	$586K
FY2021	$591K
FY2022	$591K
FY2023	$591K
FY2024	$591K

Net assets by fiscal year
FY2020	$348K
FY2021	$297K
FY2022	$246K
FY2023	$197K
FY2024	$158K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $591K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation

—

$0Pt VII · Sec A

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Manages property income for Kaleida Health.

Provided by the organization

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1 program service account for $591K of program spending, described in the organization's own filed words · FY2021.

01

Collecting rental income from the lease of the ambulatory surgery center building and turning over the entire amount thereof to its sole corporate member, kaleida health.

$591Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 5 grants · $2.7M · 2020–2024

Kaleida HealthNY · FY2024$539,156

Kaleida HealthNY · FY2023$539,156

Kaleida HealthNY · FY2022$539,156

Kaleida HealthNY · FY2021$539,156

Kaleida HealthNY · FY2020$534,983

By the numbers

The FY2021 990, line by line.

Download 990

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1The main four

Money inPt VIII

$539K

Ln 12

Fees for servicesLn 2g$539K

Money outPt IX

$591K

Ln 25

Programscol B$591K

Owns and owesPt X

$297K

net assets · Ln 32

Total assetsLn 16$312K

LiabilitiesLn 26$15K

PeoplePt VI, VII

1

listed · VII A

PaidVII A0

Voting boardVI 1a0

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$539K

Total revenueLn 12$539K

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$0

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$312K

Other assetsLn 15$0

Total assetsLn 16$312K

LiabilitiesLn 26$15K

Net assetsLn 32$297K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$0	$0
InvestmentsLn 11–13	$0	$0
Land, buildings, equipmentLn 10c	$363K	$312K
Total assetsLn 16	$363K	$312K
LiabilitiesLn 26	$15K	$15K
Net assetsLn 32	$348K	$297K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$539K	$539K
Depreciation, depletion and amortizationLn 22	$51K	$51K
Total functional expensesLn 25	$591K	$591K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$539K	$591K	−$51K	$158K	990 PDF
FY2023	$539K	$591K	−$51K	$197K	990 PDF
FY2022	$539K	$591K	−$51K	$246K	990 PDF
FY2021 Viewing	$539K	$591K	−$51K	$297K	990 PDF
FY2020	$535K	$586K	−$51K	$348K	990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2021 990 (4 parts)

Part VIII · Statement of revenue $539,156 across 2 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $539,156$539,156

VIII-12 Total revenueRelated to mission $539,156 · Unrelated business $0 · Excluded from tax $0$539,156

Part IX · Statement of functional expenses $590,502 across 2 lines filed

IX-1 Grants to domestic organizationsPrograms $539,156$539,156

IX-22 Depreciation, depletion and amortizationPrograms $51,346$51,346

IX-25 Total functional expensesPrograms $590,502 · Management $0 · Fundraising $0$590,502

Part X · Balance sheet $311,654 assets, 23 lines filed

X-1 Cash, non-interest-bearingStart of year $0$0

X-2 Savings and temporary cash investmentsStart of year $0$0

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $0$0

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $0$0

X-10c Land, buildings and equipment, netStart of year $363,000$311,654

X-11 Publicly traded securitiesStart of year $0$0

X-12 Other securitiesStart of year $0$0

X-13 Program-related investmentsStart of year $0$0

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $0$0

X-16 Total assetsStart of year $363,000$311,654

X-17 Accounts payable and accrued expensesStart of year $14,567$14,567

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $0$0

X-26 Total liabilitiesStart of year $14,567$14,567

X-27 Net assets without donor restrictionsStart of year $348,433$297,087

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $348,433$297,087

X-33 Total liabilities and net assetsStart of year $363,000$311,654

Part XI · Reconciliation of net assets $297,087 net assets at year end

XI-1 Total revenue$539,156

XI-2 Total expenses$590,502

XI-3 Revenue less expenses−$51,346

XI-4 Net assets at start of year$348,433

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$297,087

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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Mfasc INC FY2021 filing

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