M C Resource Management

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The organization is established to create employment opportunities for people with severe disabilities

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-2023040) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
$150K 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $79K a year · 4% of revenue · last 4 filings
A surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
83%
of spending
83% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$150K
to officers and key staff · 7% of spending
Pay to officers and key staff is 7% of spending.
Part VII, Section A
1.7 mo
of spending, in cash
1.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $12K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$89K
25% of total assets
Liabilities are 25% of assets.
Pt X · Ln 26
Independent board members
4
of 4 voting members
4 of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$2.0M
-16% vs prior year
Spent
$2.0M
To programs
83%
Net assets
$265K
By yearFY2020–FY2024
Revenue
$2.0M
FY2024▼ -16%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.0M
FY2021$2.6M
FY2023$2.4M
FY2024$2.0M
Expenses
$2.0M
FY2024▼ -13%
Tap a bar for its year
Expenses by fiscal year
FY2020$2.1M
FY2021$2.2M
FY2023$2.4M
FY2024$2.0M
Net assets
$265K
FY2024▼ -20%
Tap a bar for its year
Net assets by fiscal year
FY2020−$223K
FY2021$216K
FY2023$331K
FY2024$265K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2006.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $1.7M Management & general 17% · $357K

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990; $150K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Presidenttreasurer
$150,000Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A

Andrew H Kwon’s $150K as Presidenttreasurer is at the 65th percentile of top reported officer pay among 1245 $1–10M employment 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

NameFY2024FY2023FY2021FY2020
Andrew H Kwon$150,000$150,000$150,000$160,000

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 M C Resource Management executive salaries →

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

Creates jobs for people with severe disabilities.

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1 program · $1.7M · in their own filed words · FY2024
01

Organization employed approx. 50 people with disabilities during the period ended decebmer 31, 2024

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-2023040) · Dispute this line
$1.7Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
SourceamericaFY2024$12K
Total grants receivedfrom 1 funder$12K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$2.0M
Other incomeLn 4–11$2K
Investment incomeLn 3$302
Money outPt IX
$2.0M
Ln 25
Programscol B$1.7M
Managementcol C$357K
Owns and owesPt X
$265K
net assets · Ln 32
Cash and savingsLn 1–2$282K
Total assetsLn 16$354K
LiabilitiesLn 26$89K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$2.0M
Investment incomeLn 3$302
Other incomeLn 4–11$2K
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$57K
SavingsLn 2$225K
Cash and savings togetherLn 1–2$282K
Accounts receivableLn 4$53K
Prepaid expenses and deferred chargesLn 9$8K
Land, buildings, equipmentLn 10c$12K
Total assetsLn 16$354K
LiabilitiesLn 26$89K
Net assetsLn 32$265K
OperationsPt I, VI
EmployeesI 543
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 FY24End FY24
Cash and savingsLn 1–2$284K$282K
Land, buildings, equipmentLn 10c$12K$12K
Total assetsLn 16$469K$354K
LiabilitiesLn 26$138K$89K
Net assetsLn 32$331K$265K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$8K$8K
Pay of officers and key staff (Part IX, line 5)Ln 5$150K$150K
Pay of disqualified personsLn 6$1.0M$1.0M
Other employee benefitsLn 9$414K$371K$44K
Payroll taxesLn 10$104K$104K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$1K$1K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$24K$24K
Information technologyLn 14$9K$9K
OccupancyLn 16$59K$59K
TravelLn 17$2K$2K
InsuranceLn 23$31K$2K$29K
Other expenses (24a–d)Ln 24$200K$167K$32K
Total functional expensesLn 25$2.0M$1.7M$357K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 14, 2025 $2.0M$2.0M−$66K$265K 990 PDF
FY2023Filed with the IRS Nov 14, 2024 $2.4M$2.4M$4K$331K 990 PDF
FY2022 Not on file
FY2021Filed with the IRS Nov 14, 2022 $2.6M$2.2M$439K$216K 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $2.0M$2.1M−$61K−$223K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $1,981,757 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $2,348,275$1,979,655
I-10 Investment incomePrior year $54$302
I-11 Other revenuePrior year $6,667$1,800
I-12 Total revenuePrior year $2,354,996$1,981,757
I-13 Grants and similar amounts paid$7,827
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,004,450$1,707,323
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $346,920$332,202
I-18 Total expensesPrior year $2,351,370$2,047,352
I-19 Revenue less expensesPrior year $3,626−$65,595
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $1,981,757 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,979,655$1,979,655
VIII-3 Investment incomeRelated to mission $302$302
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $1,800$1,800
VIII-12 Total revenueRelated to mission $1,979,957 · Unrelated business $1,800 · Excluded from tax $0$1,981,757
Part IX · Statement of functional expenses $2,047,352 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $7,827$7,827
IX-5 Pay of officers and key staff (Part IX, line 5)Management $150,000$150,000
IX-6 Pay of disqualified personsPrograms $1,038,928$1,038,928
IX-9 Other employee benefitsPrograms $370,779 · Management $43,500$414,279
IX-10 Payroll taxesPrograms $104,116$104,116
IX-11c Accounting feesManagement $3,660$3,660
IX-11g Other fees for servicesManagement $1,162$1,162
IX-12 Advertising and promotionManagement $2,950$2,950
IX-13 Office expensesManagement $23,918$23,918
IX-14 Information technologyManagement $8,959$8,959
IX-16 OccupancyManagement $59,186$59,186
IX-17 TravelManagement $1,702$1,702
IX-23 InsurancePrograms $1,680 · Management $29,478$31,158
IX-24 Other expenses (24a–d)Programs $167,469 · Management $32,038$199,507
IX-25 Total functional expensesPrograms $1,690,799 · Management $356,553 · Fundraising $0$2,047,352
Part X · Balance sheet $354,130 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $59,366$56,891
X-2 Savings and temporary cash investmentsStart of year $225,054$225,349
X-4 Accounts receivableStart of year $164,676$52,630
X-9 Prepaid expenses and deferred chargesStart of year $8,349$7,599
X-10c Land, buildings and equipment, netStart of year $11,661$11,661
X-16 Total assetsStart of year $469,106$354,130
X-17 Accounts payable and accrued expensesStart of year $138,296$88,915
X-26 Total liabilitiesStart of year $138,296$88,915
X-27 Net assets without donor restrictionsStart of year $330,810$265,215
X-32 Total net assets or fund balancesStart of year $330,810$265,215
X-33 Total liabilities and net assetsStart of year $469,106$354,130
Part XI · Reconciliation of net assets $265,215 net assets at year end
XI-1 Total revenue$1,981,757
XI-2 Total expenses$2,047,352
XI-3 Revenue less expenses−$65,595
XI-4 Net assets at start of year$330,810
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$265,215

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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