McCt INC EIN 38-3636933

McCt INC FY2021 filing

EIN  38-3636933 Public charity (501(c)(3)) Marshall, MI
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until McCt INC claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Preserves and maintains a civic center for community cultural and social enrichment.
Leadership
Jacob Gates · Executive Director · $61K
Money in and out
$376K revenue, $378K expenses
Bottom line
41% program efficiency

Preserves and maintains a civic center for community cultural and social enrichment. For fiscal year 2021 it reported $376K in revenue, $378K in expenses, and $663K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$378K
Pt IX · Ln 25
Net assets
$663K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$3K
Where spending went · Part IX cols B–D
Program services $0.41 Management & general $0.59 Fundraising $0.00
Program efficiency
41%
of spending reaches programs
Operating runway
10.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
-1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$376K
FY2021▲ +25%
Expenses
$378K
FY2021▼ -22%
Total assets
$830K
FY2021▲ +1%
Total liabilities
$166K
FY2021▲ +8%
Total revenue
$376K
Pt VIII · Ln 12
Total expenses
$378K
Pt IX · Ln 25
Net assets
$663K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$3K
Total assetsPt X · Ln 16$830K
Program-expense ratioPt IX · col B41%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $154K of program spending, described in the organization's own filed words · FY2020.
01

Provide venue for various plays and programs to enrich the local community with the arts and arts education

$154Kprogram expense

Run this program? Claim this org to tell your story

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMcCt INC
EINHdr · item D38-3636933
Principal addressHdr · item CMarshall, MI
WebsiteHdr · item Jwww.frankecenterforthearts.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMI
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A70)
Ruling yearIRS BMFJul 2002

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Executive Director
$61,454Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Jacob Gates’s $69K as Executive Director is at the 64th percentile of top reported officer pay among 2213 $100K–1M arts & culture 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
Jacob Gates$69,457$66,029$62,954$61,454$60,000

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 McCt INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Statement of Revenue

Part VIII
Contributions & grants$237K · 63%
Investment income$77K · 20%
Program service revenue$56K · 15%
Other revenue$6K · 2%
Contributions & grants63%$237K
Investment income20%$77K
Program service revenue15%$56K
Other revenue2%$6K
— government grantsLn 1e$19K
Total revenueLn 12$376K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.41 Management & general $0.59 Fundraising $0.00
Program services41%$154K
Management & general59%$224K
Fundraising$180
Total functional expensesLn 25$378K

Balance Sheet

Part X · end of year
CashLn 1$329K
Total assetsLn 16$830K
Total liabilitiesLn 26$166K
Total net assetsLn 32$663K
Months of cash on handcomputed10.4

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $329K · Operating expenses/yr $378K
10.4 months
Where the money goes
Program services
Program services $154K · Total expenses $378K
41%
Management & General
Management & general $224K · Total expenses $378K
59%
Fundraising
Fundraising $180 · Total expenses $378K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $90 · Solicited contributions (2-yr avg) $163K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $237K · Total revenue $376K
63%
Government reliance
Government grants $19K · Total revenue $376K
5%
Earned-income share
Program service revenue $56K · Total revenue $376K
15%
Investment reliance
Investment income $77K · Total revenue $376K
+20%
Program self-sufficiency
Program service revenue $56K · Total expenses $378K
15%
Growth & trend
Revenue growth (YoY)
This year $376K · Prior year $301K
+25%
Net-asset trend (YoY)
End of year $663K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $376K · Expenses $378K
-1%
Liabilities-to-Assets
Total liabilities — · Total assets $830K
Net-asset ratio
Net assets $663K · Total assets $830K
80%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $830K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jacob Gates · Reported title Executive Director · Highest reported compensation $61K · Total expenses $378K
16%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $106K · Total expenses $378K
28%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 41%
Overhead ratio 59%
Fundraising cost ratio 0%
Revenue growth 25%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

Similar Organizations

Closest in mission — by what they do
See all organizations like McCt INC →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$437K revenue · ⤓ 990 PDF
FY2023$462K revenue · ⤓ 990 PDF
FY2022$555K revenue · ⤓ 990 PDF
FY2021$376K revenue · viewing · ⤓ 990 PDF
FY2020$301K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.