Matthews Alive INC FY2023 filing

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Operate an annual Labor Day Festival to assist fund raising efforts to non-profit organizations based in the town of Matthews, NC

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
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
5 of 6
filings with a surplus
Average surplus $16K a year · 5% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
6 mo
of spending, in cash
Looks good: 5.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $27K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$27K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$537K
+3% vs prior year
Spent
$492K
To programs
90%
Net assets
$216K
By yearFY2020–FY2025
Revenue
$537K
FY2023▲ +3%
Tap a bar for its year
Revenue by fiscal year
FY2020$60K
FY2021$59
FY2022$519K
FY2023$537K
FY2024$471K
FY2025$510K
Expenses
$492K
FY2023▼ -1.0%
Tap a bar for its year
Expenses by fiscal year
FY2020$31K
FY2021$35K
FY2022$496K
FY2023$492K
FY2024$452K
FY2025$493K
Net assets
$216K
FY2023▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$190K
FY2021$155K
FY2022$178K
FY2023$216K
FY2024$237K
FY2025$255K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Aug 2010.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $445K Management & general 10% · $47K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Executive Director
$0Pt VII · Sec A
See Matthews Alive INC 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

Helps local charities raise money for community projects by volunteering at events.

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1 program · $445K · in their own filed words · FY2023
01

Volunteer promotion programs Annual Labor Day festival

$445Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$27K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$537K
Ln 12
Gifts and grantsLn 1h$536K
Investment incomeLn 3$298
Money outPt IX
$492K
Ln 25
Programscol B$445K
Managementcol C$47K
Owns and owesPt X
$216K
net assets · Ln 32
Cash and savingsLn 1–2$243K
Total assetsLn 16$243K
LiabilitiesLn 26$27K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$536K
Investment incomeLn 3$298
Total revenueLn 12$537K
Assets in detailPt X, end of year
CashLn 1$85K
SavingsLn 2$158K
Cash and savings togetherLn 1–2$243K
Total assetsLn 16$243K
LiabilitiesLn 26$27K
Net assetsLn 32$216K
OperationsPt I, VI
EmployeesI 50
VolunteersI 61,200
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 FY23End FY23
Cash and savingsLn 1–2$183K$243K
Total assetsLn 16$183K$243K
LiabilitiesLn 26$0$27K
Net assetsLn 32$183K$216K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$6K$6K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$201K$154K$47K
All other expensesLn 24e$275K$275K
Total functional expensesLn 25$492K$445K$47K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Jul 15, 2026 $510K$493K$18K$255K 990 PDF
FY2024Filed with the IRS Oct 27, 2025 $471K$452K$19K$237K 990 PDF
FY2023 ViewingFiled with the IRS May 14, 2024 $537K$492K$45K$216K 990 PDF
FY2022Filed with the IRS Nov 9, 2023 $519K$496K$23K$178K 990 PDF
FY2021Filed with the IRS Apr 4, 2022 $59$35K−$35K$155K 990 PDF
FY2020Filed with the IRS Sep 15, 2021 $60K$31K$29K$190K 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 FY2023 990 (6 parts)
Part I · Summary $536,670 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $537,582$536,372
I-9 Program service revenue$0
I-10 Investment incomePrior year $58$298
I-11 Other revenue$0
I-12 Total revenuePrior year $537,640$536,670
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 $509,494$491,659
I-18 Total expensesPrior year $509,494$491,659
I-19 Revenue less expensesPrior year $28,146$45,011
Part VI · Governance 11 of 11 board members independent, 4 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
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 $536,670 across 4 lines filed
VIII-1f All other contributions, gifts and grants$536,372
VIII-1h Total contributions, gifts and grants$536,372
VIII-3 Investment incomeRelated to mission $298$298
VIII-12 Total revenueRelated to mission $298 · Unrelated business $0 · Excluded from tax $0$536,670
Part IX · Statement of functional expenses $491,659 across 4 lines filed
IX-12 Advertising and promotionPrograms $6,092$6,092
IX-23 InsurancePrograms $9,737$9,737
IX-24 Other expenses (24a–d)Programs $153,991 · Management $46,993$200,984
IX-24e All other expensesPrograms $274,846$274,846
IX-25 Total functional expensesPrograms $444,666 · Management $46,993 · Fundraising $0$491,659
Part X · Balance sheet $243,052 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $183,042$84,841
X-2 Savings and temporary cash investments$158,211
X-16 Total assetsStart of year $183,042$243,052
X-17 Accounts payable and accrued expenses$6,000
X-25 Other liabilities$20,900
X-26 Total liabilitiesStart of year $0$26,900
X-27 Net assets without donor restrictionsStart of year $183,042$216,152
X-32 Total net assets or fund balancesStart of year $183,042$216,152
X-33 Total liabilities and net assetsStart of year $183,042$243,052
Part XI · Reconciliation of net assets $216,152 net assets at year end
XI-1 Total revenue$536,670
XI-2 Total expenses$491,659
XI-3 Revenue less expenses$45,011
XI-4 Net assets at start of year$183,042
XI-8 Prior period adjustments−$11,901
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$216,152

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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