philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Matthew2540

Tax-deductible

Greenwood, SC501(c)(3)ReligionEIN 47-2329664

Our mission is to empower children to escape poverty through education.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
59 mo
of spending, in cash
Looks good: 59.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $112K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$588K
+226% vs prior year
Spent
$96K
To programs
83%
Net assets
$921K
By yearFY2021–FY2024
Revenue
$588K
FY2024▲ +226%
Revenue by fiscal year
FY2021$160K
FY2022$154K
FY2023$180K
FY2024$588K
Net assets
$921K
FY2024▲ +114%
Net assets by fiscal year
FY2021$286K
FY2022$353K
FY2023$430K
FY2024$921K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2015.

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% · $80K Management & general 17% · $16K

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

Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Cammie Berger
Coordinator
$0Pt VII · Sec A
$0Pt VII · Sec A
Mark Bollinger
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Bruce Glawe
Board Member
$0Pt VII · Sec A
Joe Rhyne
Board Member
$0Pt VII · Sec A
Lynn Rhyne
Board Member
$0Pt VII · Sec A
See Matthew2540 executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers children to escape poverty through education.

Provided by the organization

This section is blank until Matthew2540 claims this page.

Know this organization? Claim it to add your story

2 program services account for $80K of program spending, described in the organization's own filed words · FY2024.
01

Our child sponsor program helps raises the funds necessary to run the school and feed the children.

$72Kprogram expense
02

We provide the opportunity for volunteers to serve on a mission trip to help support the children and gain awareness of the need of our mission.

$8Kprogram expense

Run this program? Claim this org to tell your story

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
The Chicago Community TrustFY2024$100K
Paypal Charitable Giving FundFY2024$12K
Total grants receivedfrom 2 funders$112K

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$588K
Ln 12
Gifts and grantsLn 1h$494K
Fees for servicesLn 2g$66K
Other incomeLn 4–11$23K
Money outPt IX
$96K
Ln 25
Programscol B$80K
Managementcol C$16K
Owns and owesPt X
$921K
net assets · Ln 32
Cash and savingsLn 1–2$476K
Total assetsLn 16$921K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$494K
Fees for servicesLn 2g$66K
Investment incomeLn 3$4K
Other incomeLn 4–11$23K
Total revenueLn 12$588K
Assets in detailPt X, end of year
CashLn 1$476K
Cash and savings togetherLn 1–2$476K
Land, buildings, equipmentLn 10c$445K
Total assetsLn 16$921K
LiabilitiesLn 26$0
Net assetsLn 32$921K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$146K$476K
Land, buildings, equipmentLn 10c$284K$445K
Total assetsLn 16$430K$921K
LiabilitiesLn 26$0$0
Net assetsLn 32$430K$921K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$72K$72K
Accounting feesLn 11c$101$101
Office expensesLn 13$12K$190$12K
Information technologyLn 14$3K$3K
TravelLn 17$8K$8K
Other expenses (24a–d)Ln 24$1K$609$778
Total functional expensesLn 25$96K$80K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $588K$96K$491K$921K 990 PDF
FY2023 $180K$430K 990 PDF
FY2022 $154K$353K 990 PDF
FY2021 $160K$286K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $587,567 across 6 lines filed
VIII-1f All other contributions, gifts and grants$494,364
VIII-1h Total contributions, gifts and grants$494,364
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $65,596$65,596
VIII-3 Investment incomeExcluded from tax $4,109$4,109
VIII-8 Net income from fundraising eventsExcluded from tax $23,498$23,498
VIII-12 Total revenueRelated to mission $65,596 · Unrelated business $0 · Excluded from tax $27,607$587,567
Part IX · Statement of functional expenses $96,433 across 6 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $72,000$72,000
IX-11c Accounting feesManagement $101$101
IX-13 Office expensesPrograms $190 · Management $11,686$11,876
IX-14 Information technologyManagement $3,391$3,391
IX-17 TravelPrograms $7,678$7,678
IX-24 Other expenses (24a–d)Programs $609 · Management $778$1,387
IX-25 Total functional expensesPrograms $80,477 · Management $15,956 · Fundraising $0$96,433
Part X · Balance sheet $920,988 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $145,518$476,309
X-10c Land, buildings and equipment, netStart of year $284,336$444,679
X-16 Total assetsStart of year $429,854$920,988
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $429,854$920,988
X-32 Total net assets or fund balancesStart of year $429,854$920,988
X-33 Total liabilities and net assetsStart of year $429,854$920,988
Part XI · Reconciliation of net assets $920,988 net assets at year end
XI-1 Total revenue$587,567
XI-2 Total expenses$96,433
XI-3 Revenue less expenses$491,134
XI-4 Net assets at start of year$429,854
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$920,988

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.