Mdc Today Foundation INC

Tax-deductible

Alpharetta, GA501(c)(3)ReligionEIN 58-2221883

To provide religious teachings and training

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
$178K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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
Surplus or deficit
2 of 3
filings with a surplus
Average deficit $8K a year · 2% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$178K
to officers and key staff · 31% of spending
Top officer’s pay higher than 99% of similar orgs
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $100K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 5 voting members
Looks good: 4 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$593K
+43% vs prior year
Spent
$579K
To programs
100%
Net assets
$365K
By yearFY2021–FY2024
Revenue
$593K
FY2024▲ +43%
Revenue by fiscal year
FY2021$421K
FY2022$469K
FY2023$416K
FY2024Not on file
FY2024$593K
Expenses
$579K
FY2024▲ +26%
Expenses by fiscal year
FY2021$414K
FY2022$457K
FY2023$459K
FY2024Not on file
FY2024$579K
Net assets
$365K
FY2024+0.2%
Net assets by fiscal year
FY2021$396K
FY2022$408K
FY2023$408K
FY2024$364K
FY2024$365K

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 Jan 1997.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $579K

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

1 person listed on the 990; $178K paid to officers and key staff.

Part VII, Section A · reportable compensation
$178,500Pt VII · Sec A

Daniel J McSwain’s $178K as President is at the 99th percentile of top reported officer pay among 2133 $100K–1M religion 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
J D McSwain—$206,041$244,900$179,249
Daniel J McSwain$178,500———

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.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Offers religious teachings and training to individuals.

Provided by the organization

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1 program service account for $579K of program spending, described in the organization's own filed words · FY2024.
01

To provide religious teachings and training

$579Kprogram 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$100K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$593K
Ln 12
Gifts and grantsLn 1h$436K
Fees for servicesLn 2g$151K
Other incomeLn 4–11$7K
Money outPt IX
$579K
Ln 25
Programscol B$579K
Owns and owesPt X
$365K
net assets · Ln 32
Cash and savingsLn 1–2$74K
Total assetsLn 16$376K
LiabilitiesLn 26$11K
PeoplePt VI, VII
1
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$436K
Fees for servicesLn 2g$151K
Other incomeLn 4–11$7K
Total revenueLn 12$593K
Assets in detailPt X, end of year
CashLn 1$74K
Cash and savings togetherLn 1–2$74K
Land, buildings, equipmentLn 10c$297K
Total assetsLn 16$376K
LiabilitiesLn 26$11K
Net assetsLn 32$365K
OperationsPt I, VI
EmployeesI 54
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$46K$74K
Land, buildings, equipmentLn 10c$309K$297K
Total assetsLn 16$360K$376K
LiabilitiesLn 26$11K$13K
Net assetsLn 32$349K$363K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Benefits paid to or for membersLn 4$37K$37K
Pay of current officers, directors and key staffLn 5$178K$178K
Other salaries and wagesLn 7$120K$120K
Payroll taxesLn 10$7K$7K
Advertising and promotionLn 12$11K$11K
Office expensesLn 13$122K$122K
Information technologyLn 14$32K$32K
OccupancyLn 16$25K$25K
TravelLn 17$9K$9K
Depreciation, depletion and amortizationLn 22$37K$37K
Total functional expensesLn 25$579K$579K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $364K 990 PDF
FY2023 $416K$459K−$44K$408K 990 PDF
FY2022 $469K$457K$12K$408K 990 PDF
FY2021 $421K$414K$7K$396K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $593,442 across 6 lines filed
VIII-1f All other contributions, gifts and grants$435,575
VIII-1h Total contributions, gifts and grants$435,575
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $150,667$150,667
VIII-6 Net rental income or loss$7,200
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $150,667 · Unrelated business $0 · Excluded from tax $0$593,442
Part IX · Statement of functional expenses $578,705 across 10 lines filed
IX-4 Benefits paid to or for membersPrograms $37,106$37,106
IX-5 Pay of current officers, directors and key staffPrograms $178,500$178,500
IX-7 Other salaries and wagesPrograms $120,435$120,435
IX-10 Payroll taxesPrograms $6,812$6,812
IX-12 Advertising and promotionPrograms $10,593$10,593
IX-13 Office expensesPrograms $122,031$122,031
IX-14 Information technologyPrograms $32,398$32,398
IX-16 OccupancyPrograms $24,663$24,663
IX-17 TravelPrograms $8,715$8,715
IX-22 Depreciation, depletion and amortizationPrograms $37,452$37,452
IX-25 Total functional expensesPrograms $578,705 · Management $0 · Fundraising $0$578,705
Part X · Balance sheet $376,339 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $46,317$73,905
X-4 Accounts receivableStart of year $4,385$5,195
X-10c Land, buildings and equipment, netStart of year $308,991$297,239
X-16 Total assetsStart of year $359,693$376,339
X-17 Accounts payable and accrued expensesStart of year $10,951$12,861
X-26 Total liabilitiesStart of year $10,951$12,861
X-27 Net assets without donor restrictionsStart of year $348,742$363,478
X-32 Total net assets or fund balancesStart of year $348,742$363,478
X-33 Total liabilities and net assetsStart of year $359,693$376,339
Part XI · Reconciliation of net assets $365,387 net assets at year end
XI-1 Total revenue$593,442
XI-2 Total expenses$578,705
XI-3 Revenue less expenses$14,737
XI-4 Net assets at start of year$348,742
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$365,387

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

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