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McIc Sinter Property FY2020 filing

Not tax-deductible

McConnelsvle, OH501(c)(4)Since 2008Community Development EIN 46-3597825Revenue $370K in FY2020Latest return filed May 14, 2026

On file with the IRSMcConnelsvle, OHTax-exempt since Apr 2015

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The sole purpose for which the corporation is formed is to advance, encourage, and promote industrial, economic, commercial, and civic development of the county of morgan, and the municipal corporations located therein by acting as the designated agency of the county of morgan, one or more municipal corporations located therein, or the county of morgan and one or more municipal corporations located therein, for the industrial, commercial, distribution, and research development in such political subdivision in accordance with section 1724.10, revised code. To provide real Property for an industrial building being financed in part by loans and grants from the state of ohio. The corporation shall have the right to raise money and expend funds for community projects in morgan county, ohio. Our activity furthers our exempt purpose as we are able to obtain loans with lower than standard interest rates and grants from the state of ohio to finance the real Property, which in turn allows the co

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
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
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $14K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $92K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$3.9M
38% of total assets
Looks good: liabilities are 38% 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
$370K
Spent
$332K
To programs
100%
Net assets
$6.4M
By yearFY2020–FY2025
Revenue
$370K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$370K
FY2021$388K
FY2022$330K
FY2023$414K
FY2024$364K
FY2025$274K
Expenses
$332K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$332K
FY2021$354K
FY2022$365K
FY2023$334K
FY2024$336K
FY2025$333K
Net assets
$6.4M
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$6.4M
FY2021$6.4M
FY2022$6.4M
FY2023$6.5M
FY2024$6.5M
FY2025$6.4M

From the FY2020 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2011-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Apr 2015.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $332K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to add context

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
Carl Raines
Exec Dir/Non
$0Pt VII · Sec A
Kelsey Wells
Board Member
$0Pt VII · Sec A
Bernie Anderson
Board Member
$0Pt VII · Sec A
Cinda Erickson
Board Member
$0Pt VII · Sec A
Cas Maxwell
Board Member
$0Pt VII · Sec A
Dean Ponchak
Board Member
$0Pt VII · Sec A
Mike Reed
Board Member
$0Pt VII · Sec A
Adam Shriver
Board Member
$0Pt VII · Sec A
See McIc Sinter Property 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 15aNo

Programs and updates

Promotes industrial and economic development in Morgan County through designated agency services and real property provision.

Questions for McIc Sinter Property

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1 program · $332K · in their own filed words · FY2020
01

To provide real property for an industrial building being financed in part by loans and grants from the state of ohio. The corporation shall have the right to raise money and expend funds for community projects in morgan county, ohio.

$332Kprogram 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 · FY2020
Morgan County Improvement CorporationFY2020$92K
Total grants receivedfrom 1 funder$92K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$370K
Ln 12
Fees for servicesLn 2g$274K
Gifts and grantsLn 1h$92K
Investment incomeLn 3$5K
Money outPt IX
$332K
Ln 25
Programscol B$332K
Owns and owesPt X
$6.4M
net assets · Ln 32
Cash and savingsLn 1–2$511K
Total assetsLn 16$10.3M
LiabilitiesLn 26$3.9M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$92K
Fees for servicesLn 2g$274K
Investment incomeLn 3$5K
Total revenueLn 12$370K
Assets in detailPt X, end of year
SavingsLn 2$511K
Cash and savings togetherLn 1–2$511K
Land, buildings, equipmentLn 10c$9.8M
Total assetsLn 16$10.3M
LiabilitiesLn 26$3.9M
Net assetsLn 32$6.4M
OperationsPt I, VI
EmployeesI 50
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 FY20End FY20
Cash and savingsLn 1–2$226K$511K
Land, buildings, equipmentLn 10c$10.1M$9.8M
Total assetsLn 16$10.3M$10.3M
LiabilitiesLn 26$4.0M$3.9M
Net assetsLn 32$6.3M$6.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
InterestLn 20$13K$13K
Depreciation, depletion and amortizationLn 22$314K$314K
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$332K$332K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 14, 2026 $274K$333K−$59K$6.4M 990 PDF
FY2024Filed with the IRS Nov 7, 2025 $364K$336K$28K$6.5M 990 PDF
FY2023Filed with the IRS Aug 9, 2024 $414K$334K$81K$6.5M 990 PDF
FY2022Filed with the IRS Aug 16, 2023 $330K$365K−$35K$6.4M 990 PDF
FY2021Filed with the IRS Sep 6, 2022 $388K$354K$34K$6.4M 990 PDF
FY2020 ViewingFiled with the IRS Sep 15, 2021 $370K$332K$38K$6.4M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $370,262 revenue, 12 lines filed
I-8 Contributions and grants$91,543
I-9 Program service revenuePrior year $328,622$274,117
I-10 Investment incomePrior year $2,122$4,602
I-11 Other revenue$0
I-12 Total revenuePrior year $330,744$370,262
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $343,573$332,220
I-18 Total expensesPrior year $343,573$332,220
I-19 Revenue less expensesPrior year −$12,829$38,042
Part VI · Governance 12 of 12 board members independent, 4 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-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $370,262 across 5 lines filed
VIII-1f All other contributions, gifts and grants$91,543
VIII-1h Total contributions, gifts and grants$91,543
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $274,117$274,117
VIII-3 Investment incomeRelated to mission $4,602$4,602
VIII-12 Total revenueRelated to mission $278,719$370,262
Part IX · Statement of functional expenses $332,220 across 3 lines filed
IX-20 InterestPrograms $13,183$13,183
IX-22 Depreciation, depletion and amortizationPrograms $314,102$314,102
IX-24 Other expenses (24a–d)Programs $4,935$4,935
IX-25 Total functional expensesPrograms $332,220 · Management $0 · Fundraising $0$332,220
Part X · Balance sheet $10,305,129 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $225,642$510,539
X-10c Land, buildings and equipment, netStart of year $10,108,692$9,794,590
X-16 Total assetsStart of year $10,334,334$10,305,129
X-23 Secured mortgages and notes payableStart of year $3,997,429$3,930,182
X-26 Total liabilitiesStart of year $3,997,429$3,930,182
X-27 Net assets without donor restrictionsStart of year $6,336,905$6,374,947
X-32 Total net assets or fund balancesStart of year $6,336,905$6,374,947
X-33 Total liabilities and net assetsStart of year $10,334,334$10,305,129
Part XI · Reconciliation of net assets $6,374,947 net assets at year end
XI-1 Total revenue$370,262
XI-2 Total expenses$332,220
XI-3 Revenue less expenses$38,042
XI-4 Net assets at start of year$6,336,905
XI-10 Net assets at end of year$6,374,947

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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