Mahoning Valley College Access Program INC FY2022 filing

Tax-deductible

Warren, OH501(c)(3)EducationEIN 34-1965157Revenue $245K in FY2022

On file with the IRSthemvcap.org105 High St Ne, 44481-1219 · Warren, OHTax-exempt since Nov 2001Publicly supported charity — 170(b)(1)(A)(vi)

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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.
33¢ 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

FY2022 · 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
33%
of spending
Concern: 33% 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 · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
1 mo
of spending, in cash
Fine: 1.4 months of spending in cash; 1 to 3.
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
$187
0.2% of total assets
Looks good: liabilities are 0% 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
$245K
+135% vs prior year
Spent
$236K
To programs
33%
Net assets
$109K
By yearFY2020–FY2024
Revenue
$245K
FY2022▲ +135%
Tap a bar for its year
Revenue by fiscal year
FY2020$194K
FY2021$104K
FY2022$245K
FY2023$100K
FY2024$128K
Expenses
$236K
FY2022▲ +30%
Tap a bar for its year
Expenses by fiscal year
FY2020$172K
FY2021$181K
FY2022$236K
FY2023$118K
FY2024$102K
Net assets
$109K
FY2022▼ -17%
Tap a bar for its year
Net assets by fiscal year
FY2020$223K
FY2021$131K
FY2022$109K
FY2023$104K
FY2024$130K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 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

33 cents of each dollar spent went to programs.

Program services 33% · $78K Management & general 67% · $158K

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

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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
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$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.

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Provided by the organization

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2 programs · $78K · in their own filed words · FY2022
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…

$77Kprogram expense
02

Last dollar educational scholarships. Six additional scholarships of $1,000 each were awarded from the organization's fund at the local community foundation.

$1Kprogram expense

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 FY2022 990, line by line.

1The main four
Money inPt VIII
$245K
Ln 12
Gifts and grantsLn 1h$185K
Other incomeLn 4–11$33K
Fees for servicesLn 2g$22K
Money outPt IX
$236K
Ln 25
Programscol B$78K
Managementcol C$158K
Owns and owesPt X
$109K
net assets · Ln 32
Cash and savingsLn 1–2$27K
Total assetsLn 16$109K
LiabilitiesLn 26$187
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$185K
Fees for servicesLn 2g$22K
Investment incomeLn 3$5K
Other incomeLn 4–11$33K
Gains on assetsLn 7$2K
Total revenueLn 12$245K
Assets in detailPt X, end of year
CashLn 1$27K
Cash and savings togetherLn 1–2$27K
InvestmentsLn 11–13$82K
Total assetsLn 16$109K
LiabilitiesLn 26$187
Net assetsLn 32$109K
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 FY22End FY22
Cash and savingsLn 1–2$27K
InvestmentsLn 11–13$154K$82K
Total assetsLn 16$154K$109K
LiabilitiesLn 26$23K$187
Net assetsLn 32$131K$109K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$1K$1K
Pay of current officers, directors and key staffLn 5$63K$63K
Other salaries and wagesLn 7$41K$41K
Other employee benefitsLn 9$314$314
Payroll taxesLn 10$8K$3K$5K
Management feesLn 11a$27K$27K
Accounting feesLn 11c$6K$6K
Investment management feesLn 11f$2K$2K
Advertising and promotionLn 12$23K$23K
Office expensesLn 13$2K$2K
OccupancyLn 16$2K$2K
InsuranceLn 23$20K$20K
Other expenses (24a–d)Ln 24$41K$33K$8K
All other expensesLn 24e$28$28
Total functional expensesLn 25$236K$78K$158K$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 Viewing $245K$236K$9K$109K 990 PDF
FY2021 $104K$181K−$77K$131K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $245,234 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $38,922$184,856
I-9 Program service revenuePrior year $16,853$21,977
I-10 Investment incomePrior year $18,319$5,024
I-11 Other revenuePrior year $30,385$33,377
I-12 Total revenuePrior year $104,479$245,234
I-13 Grants and similar amounts paidPrior year $12,400$1,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $108,876$112,400
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $59,916$122,775
I-18 Total expensesPrior year $181,192$236,175
I-19 Revenue less expensesPrior year −$76,713$9,059
Part VI · Governance 12 of 12 board members independent, 3 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $245,234 across 8 lines filed
VIII-1f All other contributions, gifts and grants$184,856
VIII-1h Total contributions, gifts and grants$184,856
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $21,977$21,977
VIII-3 Investment incomeExcluded from tax $3,049$3,049
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,975$1,975
VIII-8 Net income from fundraising eventsExcluded from tax $10,151$10,151
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $23,226$23,226
VIII-12 Total revenueRelated to mission $21,977 · Unrelated business $0 · Excluded from tax $38,401$245,234
Part IX · Statement of functional expenses $236,175 across 14 lines filed
IX-2 Grants to domestic individualsPrograms $1,000$1,000
IX-5 Pay of current officers, directors and key staffManagement $63,000$63,000
IX-7 Other salaries and wagesPrograms $41,104$41,104
IX-9 Other employee benefitsPrograms $314$314
IX-10 Payroll taxesPrograms $3,193 · Management $4,789$7,982
IX-11a Management feesManagement $26,904$26,904
IX-11c Accounting feesManagement $5,849$5,849
IX-11f Investment management feesManagement $1,804$1,804
IX-12 Advertising and promotionManagement $23,105$23,105
IX-13 Office expensesManagement $1,629$1,629
IX-16 OccupancyManagement $2,250$2,250
IX-23 InsuranceManagement $20,222$20,222
IX-24 Other expenses (24a–d)Programs $32,780 · Management $8,204$40,984
IX-24e All other expensesManagement $28$28
IX-25 Total functional expensesPrograms $78,391 · Management $157,784 · Fundraising $0$236,175
Part X · Balance sheet $109,191 assets, 8 lines filed
X-1 Cash, non-interest-bearing$27,272
X-11 Publicly traded securitiesStart of year $154,069$81,919
X-16 Total assetsStart of year $154,069$109,191
X-17 Accounts payable and accrued expensesStart of year $3,442$187
X-26 Total liabilitiesStart of year $23,487$187
X-28 Net assets with donor restrictionsStart of year $130,582$109,004
X-32 Total net assets or fund balancesStart of year $130,582$109,004
X-33 Total liabilities and net assetsStart of year $154,069$109,191
Part XI · Reconciliation of net assets $109,004 net assets at year end
XI-1 Total revenue$245,234
XI-2 Total expenses$236,175
XI-3 Revenue less expenses$9,059
XI-4 Net assets at start of year$130,582
XI-5 Net unrealized gains (losses) on investments−$30,637
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$109,004

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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