McPs Real Properties INC: Nonprofit Profile, Financials & Form 990 (EIN 47-1346772)

Revenue by fiscal year
FY2020	$148K
FY2021	$73K

Expenses by fiscal year
FY2020	$20K
FY2021	$15

Net assets by fiscal year
FY2020	$692K
FY2021	$765K

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $15

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

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII

Steve Patrick

Director

$0Pt VII · Sec A

Judy Isaac

Director

$0Pt VII · Sec A

Minus Ray Helton

Director

$0Pt VII · Sec A

Pete Shepherd

Director

$0Pt VII · Sec A

Jerry Sweeny

Director

$0Pt VII · Sec A

Sam Miller

Director

$0Pt VII · Sec A

Kevin Owens

Treasurer

$0Pt VII · Sec A

See McPs Real Properties INC 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

Programs and updates

Develops public properties and projects with the county school board.

Provided by the organization

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1 program · in their own filed words · FY2020

01

Construction of the high school athletic complex and gymnasium.

Pt IX · col B

By the numbers

The FY2021 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$73K

Ln 12

Fees for servicesLn 2g$73K

Investment incomeLn 3$15

Money outPt IX

$15

Ln 25

Programscol B$15

Owns and owesPt X

$765K

net assets · Ln 32

Cash and savingsLn 1–2$217K

Total assetsLn 16$20.6M

LiabilitiesLn 26$19.8M

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a6

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Fees for servicesLn 2g$73K

Investment incomeLn 3$15

Total revenueLn 12$73K

Assets in detailPt X, end of year

SavingsLn 2$217K

Cash and savings togetherLn 1–2$217K

Total assetsLn 16$20.6M

LiabilitiesLn 26$19.8M

Net assetsLn 32$765K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

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

Line	Start FY21	End FY21
Cash and savingsLn 1–2	$327K	$217K
Total assetsLn 16	$20.5M	$20.6M
LiabilitiesLn 26	$19.8M	$19.8M
Net assetsLn 32	$692K	$765K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$15	$15
Total functional expensesLn 25	$15	$15	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2021 Latest Viewing	$73K	$15	$73K	$765K	990 PDF
FY2020	$148K	$20K	$128K	$692K	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 FY2021 990 (6 parts)

Part I · Summary $73,402 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $0$0

I-9 Program service revenuePrior year $146,791$73,387

I-10 Investment incomePrior year $1,217$15

I-11 Other revenuePrior year $0$0

I-12 Total revenuePrior year $148,008$73,402

I-13 Grants and similar amounts paidPrior year $0$0

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $19,965$15

I-18 Total expensesPrior year $19,965$15

I-19 Revenue less expensesPrior year $128,043$73,387

Part VI · Governance 0 of 6 board members independent, 4 to look at

VI-1a Voting members of the governing body6

VI-1b Independent voting members0

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 $73,402 across 3 lines filed

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $73,387$73,387

VIII-3 Investment incomeRelated to mission $15$15

VIII-12 Total revenueRelated to mission $73,402 · Unrelated business $0 · Excluded from tax $0$73,402

Part IX · Statement of functional expenses $15 across 1 line filed

IX-11g Other fees for servicesPrograms $15$15

IX-25 Total functional expensesPrograms $15 · Management $0 · Fundraising $0$15

Part X · Balance sheet $20,590,831 assets, 9 lines filed

X-2 Savings and temporary cash investmentsStart of year $326,550$217,161

X-4 Accounts receivableStart of year $73,403$73,403

X-14 Intangible assetsStart of year $20,098,026$20,300,267

X-16 Total assetsStart of year $20,497,979$20,590,831

X-17 Accounts payable and accrued expensesStart of year $406,019$425,484

X-26 Total liabilitiesStart of year $19,806,019$19,825,484

X-27 Net assets without donor restrictionsStart of year $691,960$765,347

X-32 Total net assets or fund balancesStart of year $691,960$765,347

X-33 Total liabilities and net assetsStart of year $20,497,979$20,590,831

Part XI · Reconciliation of net assets $765,347 net assets at year end

XI-1 Total revenue$73,402

XI-2 Total expenses$15

XI-3 Revenue less expenses$73,387

XI-4 Net assets at start of year$691,960

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$765,347

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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McPs Real Properties INC

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

By the numbers

Filing history

Schedules filed Part IV