Matthew E Russell Found EIN 45-5182374

Matthew E Russell Found

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Builds libraries and trains educators to foster global literacy and end poverty. For fiscal year 2025 it reported $274K in revenue, $206K in expenses, and $212K in net assets.Pt I

Founded
2013
Type
Public charity (501(c)(3)) · International
Location
Woodstock, GA
Website
www.mattrussell.org
Filings
6 on file (2020–2025)
Revenue
$274KFY2025
Expenses
$206K
Net assets
$212K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  45-5182374 Public charity (501(c)(3)) Woodstock, GA Founded 2013
Form 990 (PDF)
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Size
$100K–1M
What they do
Builds libraries and trains educators to foster global literacy and end poverty.
Leadership
Florine Russell · Co Founder · $13K
Money in and out
$274K revenue, $206K expenses
Bottom line
88% program efficiency
Where the money goes · FY2025
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$206K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $68K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.12
Program efficiency
88%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
12.3mo
months of highly liquid reserves at operating expense rate▲ +128% vs prior filing year
Surplus margin
+25%
revenue over expenses, this year▲ +193% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$274K
FY2025▲ +10%
Expenses
$206K
FY2025▼ -35%
Total assets
$212K
FY2025▲ +48%
Total liabilities
$0
FY2025
Total revenue
$274K
Pt VIII · Ln 12
Total expenses
$206K
Pt IX · Ln 25
Net assets
$212K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$68K
Total assetsPt X · Ln 16$212K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $126K of program spending, described in the organization's own filed words · FY2025.
01

Building Construction

Classrooms-we provided a concrete block structure that was approximately 1500 square feet. It was designed to allocate space for two different classrooms in the school. We used local laborers and carpenters to construct exterior and also install the windows and doors.

$63Kprogram expense
02

Training in the school. There are rural communities all over the biosphere where children have never had the opportunity to experience the world through reading. Most of the teachers come from this background, even as they have gone to school to receive their degree .

$47Kprogram expense
03

Library Media

We provide desktop computers, laptops, e-readers and a large screen monitor for group learning. We partner with Worldreader to provide kindles preloaded with literary classics along with e-books in their home language.

$16Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMatthew E Russell Found
EINHdr · item D45-5182374
Principal addressHdr · item CWoodstock, GA
WebsiteHdr · item Jwww.mattrussell.org
Year of formationHdr · item L2013
State of legal domicileHdr · item MGA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q33)
Ruling yearIRS BMFSep 2013

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Co Founder
$13,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Florine Russell’s $13K as Co Founder is at the 11th percentile of top reported officer pay among 1637 $100K–1M international 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.

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Statement of Revenue

Part VIII
Contributions & grants100%$274K
Total revenueLn 12$274K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.12
Program services88%$181K
Management & general12%$25K
Total functional expensesLn 25$206K

Balance Sheet

Part X · end of year
CashLn 1$212K
Total assetsLn 16$212K
Total liabilitiesLn 26$0
Total net assetsLn 32$212K
Months of cash on handcomputed12.3

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $212K · Operating expenses/yr $206K
12.3 months
Where the money goes
Program services
Program services $181K · Total expenses $206K
88%
Management & General
Management & general $25K · Total expenses $206K
12%
Fundraising
Fundraising $0 · Total expenses $206K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $262K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $274K · Total revenue $274K
100%
Government reliance
Government grants $0 · Total revenue $274K
0%
Earned-income share
Program service revenue $0 · Total revenue $274K
0%
Investment reliance
Investment income $0 · Total revenue $274K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $206K
0%
Growth & trend
Revenue growth (YoY)
This year $274K · Prior year $249K
+10%
Revenue CAGR
FY2020 $120K · FY2025 $274K
+18%
Net-asset trend (YoY)
End of year $212K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $274K · Expenses $206K
+25%
Liabilities-to-Assets
Total liabilities — · Total assets $212K
Net-asset ratio
Net assets $212K · Total assets $212K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $212K
0%
People & payroll
Highest Reported Total Compensation
Individual Florine Russell · Reported title Co Founder · Highest reported compensation $13K · Total expenses $206K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $13K · Total expenses $206K
6%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 12%
Revenue growth 10%

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 2 funders$36K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$274K revenue · viewing · ⤓ 990 PDF
FY2024$249K revenue · ⤓ 990 PDF
FY2023$189K revenue · ⤓ 990 PDF
FY2022$174K revenue · ⤓ 990 PDF
FY2021$110K revenue · ⤓ 990 PDF
FY2020$120K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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