Martha's Foundation FY2023 filing

Tax-deductible

Tulsa, OK501(c)(3)Human ServicesEIN 46-3138284Revenue $295K in FY2023

On file with the IRSmarthasfoundation.org6462 S 32nd West Ave, 74132-1328 · Tulsa, OKTax-exempt since Dec 2015Publicly supported charity — 170(b)(1)(A)(vi)

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To provide pregnant teens with a safe residence and assist them in becoming independent and productive community members.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 2
filings with a surplus
Average surplus $74K a year · 23% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
7 mo
of spending, in cash
Looks good: 6.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$12K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$295K
+94% vs prior year
Spent
$209K
To programs
88%
Net assets
$128K
By yearFY2020–FY2024
Revenue
$295K
FY2023▲ +94%
Tap a bar for its year
Revenue by fiscal year
FY2020$20K
FY2021$80K
FY2022$152K
FY2023$295K
FY2024$352K
Expenses
$209K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$209K
FY2024$290K
Net assets
$128K
FY2023▲ +181%
Tap a bar for its year
Net assets by fiscal year
FY2020$167K
FY2021$90K
FY2022$46K
FY2023$128K
FY2024$190K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Exemption reinstated (2013-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Dec 2015.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $185K Management & general 11% · $23K Fundraising 0% · $898

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Interim Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Martha's Foundation 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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Offers pregnant teens safe housing and support to become independent.

Questions for Martha's Foundation

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Provided by the organization

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1 program · $185K · in their own filed words · FY2023
01

Provide stable housing for ten young ladies who needed housing, and provided assistance in graduating high school and obtaining drivers licenses.

$185Kprogram 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
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$295K
Ln 12
Gifts and grantsLn 1h$295K
Investment incomeLn 3$300
Money outPt IX
$209K
Ln 25
Programscol B$185K
Managementcol C$23K
Fundraisingcol D$898
Owns and owesPt X
$128K
net assets · Ln 32
Cash and savingsLn 1–2$119K
Total assetsLn 16$140K
LiabilitiesLn 26$12K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$295K
Government grantsLn 1e$163K
Fundraising eventsLn 1c$5K
Investment incomeLn 3$300
Total revenueLn 12$295K
Assets in detailPt X, end of year
CashLn 1$79K
SavingsLn 2$40K
Cash and savings togetherLn 1–2$119K
Land, buildings, equipmentLn 10c$19K
Other assetsLn 15$900
Total assetsLn 16$140K
LiabilitiesLn 26$12K
Net assetsLn 32$128K
OperationsPt I, VI
EmployeesI 510
VolunteersI 635
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$8K$119K
Land, buildings, equipmentLn 10c$31K$19K
Total assetsLn 16$42K$140K
LiabilitiesLn 26$0$12K
Net assetsLn 32$42K$128K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$143K$126K$17K$0
Other employee benefitsLn 9$647$569$78$0
Payroll taxesLn 10$11K$10K$1K$0
Accounting feesLn 11c$300$0$300$0
Advertising and promotionLn 12$898$0$0$898
Office expensesLn 13$5K$1K$4K$0
Depreciation, depletion and amortizationLn 22$13K$13K$130$0
InsuranceLn 23$5K$4K$578$0
Other expenses (24a–d)Ln 24$28K$28K$0$0
All other expensesLn 24e$3K$3K$0$0
Total functional expensesLn 25$209K$185K$23K$898

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $352K$290K$62K$190K 990 PDF
FY2023 Viewing $295K$209K$86K$128K 990 PDF
FY2022 $152K$46K 990 PDF
FY2021 $80K$90K 990 PDF
FY2020 $20K$167K 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 FY2023 990 (6 parts)
Part I · Summary $294,740 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $144,413$295,181
I-9 Program service revenue$0
I-10 Investment incomePrior year $27$300
I-11 Other revenuePrior year $7,185−$741
I-12 Total revenuePrior year $151,625$294,740
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $153,575$155,005
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $42,286$54,154
I-18 Total expensesPrior year $195,861$209,159
I-19 Revenue less expensesPrior year −$44,236$85,581
Part VI · Governance 5 of 5 board members independent, 1 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $294,740 across 8 lines filed
VIII-1b Membership dues$250
VIII-1c Fundraising events$5,287
VIII-1e Government grants$162,732
VIII-1f All other contributions, gifts and grants$126,912
VIII-1h Total contributions, gifts and grants$295,181
VIII-3 Investment incomeUnrelated business $300 · Excluded from tax $0$300
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax −$741−$741
VIII-12 Total revenueRelated to mission $0 · Unrelated business $300 · Excluded from tax −$741$294,740
Part IX · Statement of functional expenses $209,159 across 10 lines filed
IX-7 Other salaries and wagesPrograms $125,922 · Management $17,171 · Fundraising $0$143,093
IX-9 Other employee benefitsPrograms $569 · Management $78 · Fundraising $0$647
IX-10 Payroll taxesPrograms $9,913 · Management $1,352 · Fundraising $0$11,265
IX-11c Accounting feesPrograms $0 · Management $300 · Fundraising $0$300
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $898$898
IX-13 Office expensesPrograms $1,233 · Management $3,699 · Fundraising $0$4,932
IX-22 Depreciation, depletion and amortizationPrograms $12,566 · Management $130 · Fundraising $0$12,696
IX-23 InsurancePrograms $4,236 · Management $578 · Fundraising $0$4,814
IX-24 Other expenses (24a–d)Programs $27,956 · Management $0 · Fundraising $0$27,956
IX-24e All other expensesPrograms $2,558 · Management $0 · Fundraising $0$2,558
IX-25 Total functional expensesPrograms $184,953 · Management $23,308 · Fundraising $898$209,159
Part X · Balance sheet $140,275 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $8,359$79,352
X-2 Savings and temporary cash investmentsStart of year $0$40,000
X-9 Prepaid expenses and deferred chargesStart of year $1,240$1,240
X-10c Land, buildings and equipment, netStart of year $31,479$18,783
X-15 Other assetsStart of year $900$900
X-16 Total assetsStart of year $41,978$140,275
X-26 Total liabilitiesStart of year $0$12,061
X-32 Total net assets or fund balancesStart of year $41,978$128,214
X-33 Total liabilities and net assetsStart of year $41,978$140,275
Part XI · Reconciliation of net assets $128,214 net assets at year end
XI-1 Total revenue$294,740
XI-2 Total expenses$209,159
XI-3 Revenue less expenses$85,581
XI-4 Net assets at start of year$41,978
XI-8 Prior period adjustments$655
XI-10 Net assets at end of year$128,214

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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