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Msca INC FY2024 filing

Tax-deductible

Madisonville, TX501(c)(3)Education EIN 56-2586458Revenue $150K in FY2024

On file with the IRSPo Box 1197, 77864-1197 · Madisonville, TXTax-exempt since Jan 2007Publicly supported — 509(a)(2)

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The organization was formed to provide the youth of madison county the opportunities through hard work to build and sale their ag mechanics projects. Also the entity gives various scholarships to the youth of madison county.

501(c)(3) charity; gifts are tax-deductible.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

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
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
3 of 5
filings with a surplus
Average surplus $21K a year · 20% 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
22 mo
of spending, in cash
Looks good: 21.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$91K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 19 voting members
Looks good: 19 of 19 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$150K
+49% vs prior year
Spent
$70K
To programs
0%
Net assets
$530K
By yearFY2021–FY2025
Revenue
$150K
FY2024▲ +49%
Tap a bar for its year
Revenue by fiscal year
FY2021$103K
FY2022$95K
FY2023$101K
FY2024$150K
FY2025$93K
Expenses
$70K
FY2024▼ -15%
Tap a bar for its year
Expenses by fiscal year
FY2021$75K
FY2022$95K
FY2023$82K
FY2024$70K
FY2025$111K
Net assets
$530K
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2021$433K
FY2022$433K
FY2023$451K
FY2024$530K
FY2025$513K

From the FY2024 Form 990 (year ending August 2024) · see the original

990 PDF Claim
You’re viewing the FY2024 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 Jan 2007.

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

Where the money goes

What each dollar paid for.

Management & general 100% · $70K

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

19 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Blake Pipes
President
$0Pt VII · Sec A
George Simmons
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Harold Weedon
Treasurer
$0Pt VII · Sec A
Wes Hammit
Director
$0Pt VII · Sec A
Matt Clark
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Msca 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

Helps youth build and sell ag mechanics projects, offering scholarships through hard work.

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Provided by the organization

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1 program · in their own filed words · FY2023
01

The organization was formed to provide the youth of madison county the opportunities through hard work to build and sell their ag mechanics projects. The entity also gives various scholarships to the youth of madison county.

Pt IX · col B

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$150K
Ln 12
Other incomeLn 4–11$150K
Money outPt IX
$70K
Ln 25
Managementcol C$70K
Owns and owesPt X
$530K
net assets · Ln 32
Cash and savingsLn 1–2$128K
Total assetsLn 16$622K
LiabilitiesLn 26$91K
PeoplePt VI, VII
19
listed · VII A
PaidVII A0
Voting boardVI 1a19
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Other incomeLn 4–11$150K
Total revenueLn 12$150K
Assets in detailPt X, end of year
CashLn 1$128K
Cash and savings togetherLn 1–2$128K
Land, buildings, equipmentLn 10c$494K
Total assetsLn 16$622K
LiabilitiesLn 26$91K
Net assetsLn 32$530K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderAugust
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$65K$128K
Land, buildings, equipmentLn 10c$483K$494K
Total assetsLn 16$549K$622K
LiabilitiesLn 26$98K$91K
Net assetsLn 32$451K$530K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$6K$6K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$893$893
Information technologyLn 14$140$140
OccupancyLn 16$11K$11K
InterestLn 20$4K$4K
Depreciation, depletion and amortizationLn 22$18K$18K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$23K$23K
All other expensesLn 24e$986$986
Total functional expensesLn 25$70K$0$70K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $93K$111K−$18K$513K 990 PDF
FY2024 Viewing $150K$70K$79K$530K 990 PDF
FY2023 $101K$82K$18K$451K 990 PDF
FY2022 $95K$95K−$89$433K 990 PDF
FY2021 $103K$75K$27K$433K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $149,674 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $100,513$149,674
I-12 Total revenuePrior year $100,513$149,674
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 $82,430$70,390
I-18 Total expensesPrior year $82,430$70,390
I-19 Revenue less expensesPrior year $18,083$79,284
Part VI · Governance 19 of 19 board members independent, 4 to look at
VI-1a Voting members of the governing body19
VI-1b Independent voting members19
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 $149,674 across 3 lines filed
VIII-6 Net rental income or lossExcluded from tax $19,550$19,550
VIII-8 Net income from fundraising eventsExcluded from tax $130,124$130,124
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $149,674$149,674
Part IX · Statement of functional expenses $70,390 across 10 lines filed
IX-11c Accounting feesManagement $5,780$5,780
IX-12 Advertising and promotionManagement $1,200$1,200
IX-13 Office expensesManagement $893$893
IX-14 Information technologyManagement $140$140
IX-16 OccupancyManagement $10,835$10,835
IX-20 InterestManagement $4,379$4,379
IX-22 Depreciation, depletion and amortizationManagement $18,257$18,257
IX-23 InsuranceManagement $4,745$4,745
IX-24 Other expenses (24a–d)Management $23,175$23,175
IX-24e All other expensesManagement $986$986
IX-25 Total functional expensesPrograms $0 · Management $70,390 · Fundraising $0$70,390
Part X · Balance sheet $621,503 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $65,218$127,819
X-10c Land, buildings and equipment, netStart of year $483,494$493,684
X-16 Total assetsStart of year $548,712$621,503
X-24 Unsecured notes and loans payableStart of year $97,587$91,094
X-26 Total liabilitiesStart of year $97,587$91,094
X-32 Total net assets or fund balancesStart of year $451,125$530,409
X-33 Total liabilities and net assetsStart of year $548,712$621,503
Part XI · Reconciliation of net assets $530,409 net assets at year end
XI-1 Total revenue$149,674
XI-2 Total expenses$70,390
XI-3 Revenue less expenses$79,284
XI-4 Net assets at start of year$451,125
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$530,409

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

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