May Coalition INC FY2020 filing

Tax-deductible

Spruce Pine, NC501(c)(3)EmploymentEIN 56-1783481

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To create high quality employment opportunities for unemployed and underemployed residents of mitchell, avery, and yancey counties in north carolina

501(c)(3) charity; gifts are tax-deductible.
94¢ 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)(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
3 of 5
filings with a surplus
Average surplus $14K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
90 mo
of spending, in cash
Looks good: 89.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $48K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$1.5M
45% of total assets
Looks good: liabilities are 45% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$151K
Spent
$170K
To programs
94%
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$151K
FY2020
Revenue by fiscal year
FY2020$151K
FY2021$131K
FY2022$153K
FY2023$213K
FY2024$231K
Expenses
$170K
FY2020
Expenses by fiscal year
FY2020$170K
FY2021$142K
FY2022$145K
FY2023$162K
FY2024$189K
Net assets
$1.8M
FY2020
Net assets by fiscal year
FY2020$1.8M
FY2021$1.8M
FY2022$1.9M
FY2023$2.0M
FY2024$2.0M

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1992.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $160K Management & general 6% · $11K

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

8 people listed on the 990.

Part VII, Section A · reportable compensation
Board Memeber
$0Pt VII · Sec A
Board Memeber
$0Pt VII · Sec A
Board Memeber
$0Pt VII · Sec A
Board Memeber
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A

Eron Thiele’s $83K as Executive Director is at the 73rd percentile of top reported officer pay among 1216 $100K–1M 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022
Eron Thiele$83,273$83,307$83,145

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 May Coalition 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 15aYes

Programs and updates

Creates jobs for unemployed and underemployed residents in Mitchell, Avery, and Yancey counties.

Provided by the organization

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1 program service account for $160K of program spending, described in the organization's own filed words · FY2020.
01

Granted low interest loans to various businesses which provided permanent non seasonal jobs

$160Kprogram expense

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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$48K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$151K
Ln 12
Fees for servicesLn 2g$134K
Gifts and grantsLn 1h$16K
Investment incomeLn 3$821
Money outPt IX
$170K
Ln 25
Programscol B$160K
Managementcol C$11K
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.3M
Total assetsLn 16$3.4M
LiabilitiesLn 26$1.5M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$16K
Government grantsLn 1e$16K
Fees for servicesLn 2g$134K
Investment incomeLn 3$821
Total revenueLn 12$151K
Assets in detailPt X, end of year
CashLn 1$948K
SavingsLn 2$322K
Cash and savings togetherLn 1–2$1.3M
Total assetsLn 16$3.4M
LiabilitiesLn 26$1.5M
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$1.1M$1.3M
Total assetsLn 16$3.4M$3.4M
LiabilitiesLn 26$1.5M$1.5M
Net assetsLn 32$1.9M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$78K$71K$8K
Pension plan contributionsLn 8$2K$2K$235
Payroll taxesLn 10$6K$5K$600
Legal feesLn 11b$12K$12K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$8K$7K$812
OccupancyLn 16$5K$4K$1K
TravelLn 17$2K$2K
InterestLn 20$24K$24K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$18K$18K
Total functional expensesLn 25$170K$160K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $231K$189K$42K$2.0M 990 PDF
FY2023 $213K$162K$51K$2.0M 990 PDF
FY2022 $153K$145K$8K$1.9M 990 PDF
FY2021 $131K$142K−$11K$1.8M 990 PDF
FY2020 Viewing $151K$170K−$20K$1.8M 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 FY2020 990 (4 parts)
Part VIII · Statement of revenue $150,870 across 5 lines filed
VIII-1e Government grants$15,812
VIII-1h Total contributions, gifts and grants$15,812
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $134,237$134,237
VIII-3 Investment incomeExcluded from tax $821$821
VIII-12 Total revenueRelated to mission $134,237 · Unrelated business $0 · Excluded from tax $821$150,870
Part IX · Statement of functional expenses $170,393 across 12 lines filed
IX-7 Other salaries and wagesPrograms $70,596 · Management $7,844$78,440
IX-8 Pension plan contributionsPrograms $2,118 · Management $235$2,353
IX-10 Payroll taxesPrograms $5,401 · Management $600$6,001
IX-11b Legal feesPrograms $12,494$12,494
IX-11c Accounting feesPrograms $9,114$9,114
IX-12 Advertising and promotionPrograms $1,835$1,835
IX-13 Office expensesPrograms $7,314 · Management $812$8,126
IX-16 OccupancyPrograms $3,948 · Management $1,316$5,264
IX-17 TravelPrograms $1,820$1,820
IX-20 InterestPrograms $23,649$23,649
IX-23 InsurancePrograms $3,477$3,477
IX-24 Other expenses (24a–d)Programs $17,820$17,820
IX-25 Total functional expensesPrograms $159,586 · Management $10,807 · Fundraising $0$170,393
Part X · Balance sheet $3,356,975 assets, 9 lines filed
Asset lines not itemized here account for $2,086,799; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $786,591$947,698
X-2 Savings and temporary cash investmentsStart of year $321,919$322,478
X-16 Total assetsStart of year $3,382,488$3,356,975
X-17 Accounts payable and accrued expensesStart of year $15,293$11,038
X-26 Total liabilitiesStart of year $1,516,128$1,510,139
X-27 Net assets without donor restrictionsStart of year $1,484,633$1,494,954
X-28 Net assets with donor restrictionsStart of year $381,727$351,882
X-32 Total net assets or fund balancesStart of year $1,866,360$1,846,836
X-33 Total liabilities and net assetsStart of year $3,382,488$3,356,975
Part XI · Reconciliation of net assets $1,846,836 net assets at year end
XI-1 Total revenue$150,870
XI-2 Total expenses$170,393
XI-3 Revenue less expenses−$19,523
XI-4 Net assets at start of year$1,866,360
XI-9 Other changes in net assets−$1
XI-10 Net assets at end of year$1,846,836

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

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