Mahoning Valley College Access Program INC FY2020 filing

Tax-deductible

Warren, OH501(c)(3)EducationEIN 34-1965157

The mission of mvcap is to increase the number of mahoning valley (I.e. Ohio counties of trumbull and mahoning) high school students attending college or post-secondary education. The organization assists in financial aid by granting last-dollar scholarships to qualifying students.

501(c)(3) charity; gifts are tax-deductible.
43¢ of each $1 spent went to programs.
$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average deficit $8K a year · 5% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
43%
of spending
Concern: 43% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63K
to officers and key staff · 37% of spending
Concern: pay to officers and key staff is 37% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $8K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$2K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$194K
Spent
$172K
To programs
43%
Net assets
$223K
By yearFY2020–FY2024
Revenue
$194K
FY2020
Revenue by fiscal year
FY2020$194K
FY2021$104K
FY2022$245K
FY2023$100K
FY2024$128K
Expenses
$172K
FY2020
Expenses by fiscal year
FY2020$172K
FY2021$181K
FY2022$236K
FY2023$118K
FY2024$102K
Net assets
$223K
FY2020
Net assets by fiscal year
FY2020$223K
FY2021$131K
FY2022$109K
FY2023$104K
FY2024$130K

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2001.

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

Where the money goes

43 cents of each dollar spent went to programs.

Program services 43% · $74K Management & general 57% · $98K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

13 people listed on the 990; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$63,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Gerri Jenkins’s $65K as Executive Director is at the 57th percentile of top reported officer pay among 1613 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Gerri Jenkins$64,708$63,000$63,000$63,000$63,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Mahoning Valley College Access Program INC executive salaries →

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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 15aYes

Programs and updates

Helps Mahoning Valley students attend college with last-dollar scholarships.

Provided by the organization

This section is blank until Mahoning Valley College Access Program INC claims this page.

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2 program services account for $74K of program spending, described in the organization's own filed words · FY2020.
01

Service program expenses, wages, and payroll taxes paid for advisors to: 1) provide students and families with information about opportunities and resources for post-secondary education; 2) provide advisory and educational programs that promote college as necessary and attainable for all students; and 3) offer last-dollar scholarships…

$58Kprogram expense
02

Educational scholarships paid to 16 recipients of last-dollar scholarship program.

$16Kprogram 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 · received and paid
Grants received · FY2024
Grants paid · 2 grants · $29K · 2020–2021
Unitemized GrantFY2021$12,400
Unitemized GrantFY2020$16,333

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$194K
Ln 12
Gifts and grantsLn 1h$115K
Fees for servicesLn 2g$45K
Other incomeLn 4–11$25K
Money outPt IX
$172K
Ln 25
Programscol B$74K
Managementcol C$98K
Owns and owesPt X
$223K
net assets · Ln 32
Cash and savingsLn 1–2$71K
Total assetsLn 16$225K
LiabilitiesLn 26$2K
PeoplePt VI, VII
13
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$115K
Fees for servicesLn 2g$45K
Investment incomeLn 3$8K
Other incomeLn 4–11$25K
Gains on assetsLn 7$2K
Total revenueLn 12$194K
Assets in detailPt X, end of year
SavingsLn 2$71K
Cash and savings togetherLn 1–2$71K
InvestmentsLn 11–13$154K
Total assetsLn 16$225K
LiabilitiesLn 26$2K
Net assetsLn 32$223K
OperationsPt I, VI
EmployeesI 54
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$33K$71K
InvestmentsLn 11–13$156K$154K
Total assetsLn 16$189K$225K
LiabilitiesLn 26$112$2K
Net assetsLn 32$189K$223K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$16K$16K
Pay of current officers, directors and key staffLn 5$63K$63K
Other salaries and wagesLn 7$37K$37K
Payroll taxesLn 10$8K$3K$5K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$10K$10K
Office expensesLn 13$1K$1K
OccupancyLn 16$750$750
TravelLn 17$2K$2K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$21K$19K$3K
Total functional expensesLn 25$172K$74K$98K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $128K$102K$26K$130K 990 PDF
FY2023 $100K$118K−$18K$104K 990 PDF
FY2022 $245K$236K$9K$109K 990 PDF
FY2021 $104K$181K−$77K$131K 990 PDF
FY2020 Viewing $194K$172K$22K$223K 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $193,991 across 8 lines filed
VIII-1f All other contributions, gifts and grants$115,210
VIII-1h Total contributions, gifts and grants$115,210
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $45,332$45,332
VIII-3 Investment incomeExcluded from tax $6,280$6,280
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,899$1,899
VIII-8 Net income from fundraising eventsExcluded from tax $4,575$4,575
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $20,695$20,695
VIII-12 Total revenueRelated to mission $45,332 · Unrelated business $0 · Excluded from tax $33,449$193,991
Part IX · Statement of functional expenses $171,967 across 12 lines filed
IX-2 Grants to domestic individualsPrograms $16,333$16,333
IX-5 Pay of current officers, directors and key staffManagement $63,000$63,000
IX-7 Other salaries and wagesPrograms $36,592$36,592
IX-10 Payroll taxesPrograms $2,890 · Management $4,820$7,710
IX-11c Accounting feesManagement $6,463$6,463
IX-11f Investment management feesManagement $2,450$2,450
IX-12 Advertising and promotionManagement $9,522$9,522
IX-13 Office expensesManagement $1,391$1,391
IX-16 OccupancyManagement $750$750
IX-17 TravelManagement $2,246$2,246
IX-23 InsuranceManagement $4,423$4,423
IX-24 Other expenses (24a–d)Programs $18,533 · Management $2,554$21,087
IX-25 Total functional expensesPrograms $74,348 · Management $97,619 · Fundraising $0$171,967
Part X · Balance sheet $225,423 assets, 9 lines filed
X-2 Savings and temporary cash investmentsStart of year $33,263$71,446
X-11 Publicly traded securitiesStart of year $155,712$153,977
X-16 Total assetsStart of year $188,975$225,423
X-17 Accounts payable and accrued expensesStart of year $112$2,474
X-26 Total liabilitiesStart of year $112$2,474
X-27 Net assets without donor restrictionsStart of year $9,204$41,582
X-28 Net assets with donor restrictionsStart of year $179,659$181,367
X-32 Total net assets or fund balancesStart of year $188,863$222,949
X-33 Total liabilities and net assetsStart of year $188,975$225,423
Part XI · Reconciliation of net assets $222,949 net assets at year end
XI-1 Total revenue$193,991
XI-2 Total expenses$171,967
XI-3 Revenue less expenses$22,024
XI-4 Net assets at start of year$188,863
XI-5 Net unrealized gains (losses) on investments$12,062
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$222,949

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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