Mantee Development Foundation INC FY2024 filing

Not tax-deductible

Mantee, MSMutual-benefit / member-servingSince 1958Mutual / membership EIN 64-6037903Revenue $239K in FY2024

On file with the IRSPo Box 112, 39751-0112 · Mantee, MSTax-exempt since Nov 1968

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To provide drinking water to rural areas

100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list 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
2 of 2
filings with a surplus
Average surplus $315K a year · 79% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
39 mo
of spending, in cash
Looks good: 38.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$50K
10% of total assets
Looks good: liabilities are 10% 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
$239K
+203% vs prior year
Spent
$87K
To programs
100%
Net assets
$451K
By yearFY2020–FY2025
Revenue
$239K
FY2024▲ +203%
Tap a bar for its year
Revenue by fiscal year
FY2020$62K
FY2021$68K
FY2022$77K
FY2023$79K
FY2024$239K
FY2025$559K
Expenses
$87K
FY2024
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023Not on file
FY2024$87K
FY2025$81K
Net assets
$451K
FY2024▲ +51%
Tap a bar for its year
Net assets by fiscal year
FY2020$286K
FY2021$280K
FY2022$281K
FY2023$299K
FY2024$451K
FY2025$929K

From the FY2024 Form 990 · 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 Nov 1968.

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% · $87K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 2 named individuals · Part VII

NameFY2023FY2022
Jimmy Stevens$6,130$6,180
Barbara Harden$3,600$3,600

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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Brings clean drinking water to rural communities.

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Provided by the organization

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1 program · $87K · in their own filed words · FY2024
01

Prodided drinking water to rural areas

$87Kprogram expense

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$239K
Ln 12
Other incomeLn 4–11$149K
Fees for servicesLn 2g$90K
Investment incomeLn 3$172
Money outPt IX
$87K
Ln 25
Programscol B$87K
Owns and owesPt X
$451K
net assets · Ln 32
Cash and savingsLn 1–2$283K
Total assetsLn 16$501K
LiabilitiesLn 26$50K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$90K
Investment incomeLn 3$172
Other incomeLn 4–11$149K
Total revenueLn 12$239K
Assets in detailPt X, end of year
CashLn 1$283K
Cash and savings togetherLn 1–2$283K
Land, buildings, equipmentLn 10c$218K
Total assetsLn 16$501K
LiabilitiesLn 26$50K
Net assetsLn 32$451K
OperationsPt I, VI
EmployeesI 50
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$135K$283K
Land, buildings, equipmentLn 10c$222K$218K
Total assetsLn 16$357K$501K
LiabilitiesLn 26$58K$50K
Net assetsLn 32$299K$451K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$835$835
Accounting feesLn 11c$655$655
Office expensesLn 13$3K$3K
OccupancyLn 16$10K$10K
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$23K$23K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$41K$41K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$87K$87K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $559K$81K$478K$929K 990 PDF
FY2024 Viewing $239K$87K$152K$451K 990 PDF
FY2023 $79K$299K 990 PDF
FY2022 $77K$281K 990 PDF
FY2021 $68K$280K 990 PDF
FY2020 $62K$286K 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 $239,181 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $90,279$90,279
I-10 Investment incomePrior year $172$172
I-11 Other revenuePrior year $148,730$148,730
I-12 Total revenuePrior year $239,181$239,181
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $13,951$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $73,478$87,429
I-18 Total expensesPrior year $87,429$87,429
I-19 Revenue less expensesPrior year $151,752$151,752
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $239,181 across 5 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $90,279$90,279
VIII-3 Investment incomeRelated to mission $172$172
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $148,730$148,730
VIII-12 Total revenueRelated to mission $239,181 · Unrelated business $0 · Excluded from tax $0$239,181
Part IX · Statement of functional expenses $87,429 across 9 lines filed
IX-11b Legal feesPrograms $835$835
IX-11c Accounting feesPrograms $655$655
IX-13 Office expensesPrograms $3,391$3,391
IX-16 OccupancyPrograms $10,200$10,200
IX-20 InterestPrograms $2,139$2,139
IX-22 Depreciation, depletion and amortizationPrograms $22,558$22,558
IX-23 InsurancePrograms $4,495$4,495
IX-24 Other expenses (24a–d)Programs $41,448$41,448
IX-24e All other expensesPrograms $1,708$1,708
IX-25 Total functional expensesPrograms $87,429 · Management $0 · Fundraising $0$87,429
Part X · Balance sheet $500,907 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $135,032$282,582
X-10c Land, buildings and equipment, netStart of year $222,095$218,325
X-16 Total assetsStart of year $357,127$500,907
X-26 Total liabilitiesStart of year $57,804$49,832
X-27 Net assets without donor restrictionsStart of year $299,323$451,075
X-32 Total net assets or fund balancesStart of year $299,323$451,075
X-33 Total liabilities and net assetsStart of year $357,127$500,907
Part XI · Reconciliation of net assets $451,075 net assets at year end
XI-1 Total revenue$239,181
XI-2 Total expenses$87,429
XI-3 Revenue less expenses$151,752
XI-4 Net assets at start of year$299,323
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$451,075

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

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