Mortar Cincinnati FY2021 filing

Cincinnati, OH · Public charity (501(c)(3)) · Employment

✓ Tax-deductible
Revenue
$2.1M
-7% vs prior year
Spent
$1.1M
To programs
67%
Net assets
$3.5M
By yearFY2020–FY2024
Revenue
$2.1M
FY2021▼ -7%
Revenue by fiscal year
FY2020$2.3M
FY2021$2.1M
FY2022$2.1M
FY2023$1.4M
FY2024$2.1M
Expenses
$1.1M
FY2021▲ +23%
Expenses by fiscal year
FY2020$886K
FY2021$1.1M
FY2022$1.5M
FY2023$1.5M
FY2024$1.7M
Net assets
$3.5M
FY2021▲ +63%
Net assets by fiscal year
FY2020$2.2M
FY2021$3.5M
FY2022$4.3M
FY2023$4.1M
FY2024$4.3M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Status and standing

Is it real, and can you give to it?

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Legal name (IRS)Hdr · item CMortar Cincinnati
EINHdr · item D47-2431620
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFDec 2014
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CCincinnati, OH
NTEE classificationIRS BMFEmployment (J19)
WebsiteHdr · item Jwww.wearemortar.com

Where the money goes

What each dollar paid for.

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.67 Management & general $0.30 Fundraising $0.03
Program services67%$732K
Management & general30%$323K
Fundraising3%$36K
Total functional expensesLn 25$1.1M

Financial health

Is it on solid ground?

Program efficiency
67%
of spending reaches programs
Operating runway
36.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+49%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$3.6M
FY2021▲ +51%
Total assets by fiscal year
FY2020$2.4M
FY2021$3.6M
FY2022$4.4M
FY2023$4.3M
FY2024$5.7M
Total liabilities
$85K
FY2021▼ -63%
Total liabilities by fiscal year
FY2020$233K
FY2021$85K
FY2022$115K
FY2023$225K
FY2024$1.4M
Revenue less expensesPt I · Ln 19$1.1M
Total assetsPt X · Ln 16$3.6M
Program-expense ratioPt IX · col B67%
Voting members of governing bodyPt I · Ln 313
Independent voting membersPt I · Ln 412

Balance Sheet

Part X · end of year
CashLn 1$3.3M
Total assetsLn 16$3.6M
Total liabilitiesLn 26$85K
Total net assetsLn 32$3.5M
Months of cash on handcomputed36.3

Statement of Revenue

Part VIII
Contributions & grants$1.7M · 80%
Program service revenue$426K · 20%
Contributions & grants80%$1.7M
Program service revenue20%$426K
Investment income$4K
— government grantsLn 1e$357K
Total revenueLn 12$2.1M

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3.3M · Operating expenses/yr $1.1M
36.6 months
Where the money goes
Program services
Program services $732K · Total expenses $1.1M
67%
Management & General
Management & general $323K · Total expenses $1.1M
30%
Fundraising
Fundraising $36K · Total expenses $1.1M
3%
Cost to raise $1
Fundraising expense (2-yr avg) $49K · Solicited contributions (2-yr avg) $1.7M
$0.03 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.7M · Total revenue $2.1M
80%
Government reliance
Government grants $357K · Total revenue $2.1M
17%
Earned-income share
Program service revenue $426K · Total revenue $2.1M
20%
Investment reliance
Investment income $4K · Total revenue $2.1M
+0.2%
Program self-sufficiency
Program service revenue $426K · Total expenses $1.1M
39%
Growth & trend
Revenue growth (YoY)
This year $2.1M · Prior year $2.3M
-7%
Net-asset trend (YoY)
End of year $3.5M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.1M · Expenses $1.1M
+49%
Liabilities-to-Assets
Total liabilities — · Total assets $3.6M
—
Net-asset ratio
Net assets $3.5M · Total assets $3.6M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $24K · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $3.6M
0.7%
People & payroll
Highest Reported Total Compensation
Individual Joseph Allen Woods · Reported title DIRECTOR / EXECUTIVE DIRECTOR · Highest reported compensation $99K · Total expenses $1.1M
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $578K · Total expenses $1.1M
53%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 67%——
Overhead ratio 30%——
Fundraising cost ratio 2%——
Revenue growth -7%——
Investment management fee ratio 0%——
Legal fee ratio 1.0%——
Accounting fee ratio 7%——
Fundraising fee ratio 0%——

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.

Leadership and pay

Who runs it, and what are they paid?

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director / Executive Director
$98,506Pt VII · Sec A
$0Pt VII · Sec A
Director - Term Ended 12/31
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A

Joseph Allen Woods’s $128K as Director / Executive Director is at the 50th percentile of top reported officer pay among 1245 $1–10M employment 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.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Joseph Allen Woods$128,500——$91,909
Joseph Allen Woods—$115,804$98,506—
Derrick Braziel———$61,878
William Thomas———$59,969
Derrick Braziel—$9,900——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Mortar Cincinnati executive salaries →

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

Governance & Policies

Part VI
  • 13Voting board membersPt VI · Ln 1a
  • 12Independent board membersPt VI · Ln 1b
  • Conflict-of-interest policyPt VI · Ln 12aYes
  • Whistleblower policyPt VI · Ln 13Yes
  • Document retention policyPt VI · Ln 14Yes
  • Top official’s pay independently reviewedPt VI · Ln 15aYes
  • Family or business ties among leadersPt VI · Ln 2No

Mission and programs

What it does.

Empowering underserved entrepreneurs and businesses to build stronger communities through success.

Provided by the organization

This section is blank until Mortar Cincinnati claims this page.

Know this organization? Claim it to add your story

Mission & Programs · Part III

Where the work happens

1 program service account for $732K of program spending, described in the organization's own filed words · FY2021.
01

Mortar Cincinnati aims to create diverse communities by enabling historically marginalized entrepreneurs to access the resources needed to start & run successful businesses. Mortar Cincinnati's programs include: - Mortar entrepreneurship academy: a fifteen-week course designed for those who are starting or growing their businesses -…

$732Kprogram 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 · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$5K
Grants paid · 6 grants · $494K · 2020–2023
Unitemized GrantFY2023$132,059
Unitemized GrantFY2022$185,337
Annetta's Beauty Bar and More LLCFY2022$6,345
Unitemized GrantFY2021$108,824
Unitemized GrantFY2020$60,085
Unitemized GrantFY2020$1,223

Filing history

Every return on file.

YearRevenueExpensesChangeFiling
FY2024 Latest $2.1M$1.7M+54% 990 PDF
FY2023 $1.4M$1.5M-37% 990 PDF
FY2022 $2.1M$1.5M-0.4% 990 PDF
FY2021 Viewing $2.1M$1.1M-7% 990 PDF
FY2020 $2.3M$886K 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

Similar organizations you could support

Closest in mission — by what they do
See all organizations like Mortar Cincinnati →

Run this organization? Claim this page

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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

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 peer-cohort and compensation comparisons above.