Marc INC FY2023 filing

Midland, TX · Public charity (501(c)(3)) · Since 1959

✓ Tax-deductible Latest data FY2023
Revenue
$8.8M
▲ +6% vs prior year
Spent
$8.6M
To programs
73%
Net assets
$14.2M
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Form 990 for the fiscal year ending June 2023 (IRS tax year 2022).

Figures match the IRS filing checked 8/15/26 · see original: IRS

Status and standing

Tax-deductible?
Yes
Per the IRS master file.
Can I give now?
No revocation on IRS record
Not on the IRS revocation list.
Filing up to date?
Filed FY2024 (typical filing lag)
Foundation funders?
4 funders, incl. Permian Basin Area Foundation
$315K in the latest grant year.
Spent on programs?
73% to programs
Form 990 Part IX, latest filing.
Size and trend
$1–10M
↑ +6% vs prior year
Legal name (IRS)Hdr · item CMarc INC
EINHdr · item D75-1038411
Exempt statusHdr · item I501(c)(3) · active
Ruling yearIRS BMFMay 1993
Year of formationHdr · item L1959
Latest filingForm 990FY2024 · Form 990
Principal addressHdr · item CMidland, TX
NTEE classificationIRS BMFNonprofit
WebsiteHdr · item Jwww.spectrumofsolutions.org

Where the money goes

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.73 Management & general $0.27 Fundraising $0.00
Program services73%$6.3M
Management & general27%$2.3M
Fundraising$43K
Total functional expensesLn 25$8.6M

Financial health

Revenue & expenses by yearFY2020–FY2024
Revenue
$8.8M
FY2023▲ +6%
Expenses
$8.6M
FY2023▲ +16%
Program efficiency
73%
of spending reaches programs
Operating runway
3.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+1%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Total assets
$15.1M
FY2023▲ +2%
Total liabilities
$919K
FY2023▲ +10%
Revenue less expensesPt I · Ln 19$129K
Total assetsPt X · Ln 16$15.1M
Program-expense ratioPt IX · col B73%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 418

Balance Sheet

Part X · end of year
CashLn 1$1.2M
Total assetsLn 16$15.1M
Total liabilitiesLn 26$919K
Total net assetsLn 32$14.2M
Months of cash on handcomputed1.7

Statement of Revenue

Part VIII
Program service revenue$6.7M · 76%
Contributions & grants$1.5M · 17%
Investment income$373K · 4%
Other revenue$206K · 2%
Program service revenue76%$6.7M
Contributions & grants17%$1.5M
Investment income4%$373K
Other revenue2%$206K
Total revenueLn 12$8.8M

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.8M · Operating expenses/yr $8.6M
3.9 months
Where the money goes
Program services
Program services $6.3M · Total expenses $8.6M
73%
Management & General
Management & general $2.3M · Total expenses $8.6M
27%
Fundraising
Fundraising $43K · Total expenses $8.6M
0.5%
Cost to raise $1
Fundraising expense (3-yr avg) $98K · Solicited contributions (3-yr avg) $1.2M
$0.08 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $1.5M · Total revenue $8.8M
17%
Government reliance
Government grants — · Total revenue $8.8M
—
Earned-income share
Program service revenue $6.7M · Total revenue $8.8M
76%
Investment reliance
Investment income $373K · Total revenue $8.8M
+4%
Program self-sufficiency
Program service revenue $6.7M · Total expenses $8.6M
78%
Growth & trend
Revenue growth (YoY)
This year $8.8M · Prior year $8.3M
+6%
Net-asset trend (YoY)
End of year $14.2M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $8.8M · Expenses $8.6M
+1%
Liabilities-to-Assets
Total liabilities — · Total assets $15.1M
—
Net-asset ratio
Net assets $14.2M · Total assets $15.1M
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $1.5M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $15.1M
10%
People & payroll
Highest Reported Total Compensation
Individual Kayla Minchew · Reported title Executive director · Highest reported compensation $119K · Total expenses $8.6M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $5.9M · Total expenses $8.6M
69%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 73%——
Overhead ratio 27%——
Fundraising cost ratio 3%——
Revenue growth 6%——
Investment management fee ratio 0%——
Legal fee ratio 0.09%——
Accounting fee ratio 0.2%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Leadership and pay

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Executive Director
$119,104Pt VII · Sec A
Finance Director
$45,753Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Kayla Minchew$71,460$148,268$119,104$98,384——
Charlotte Bosecker————$131,682$128,086
Angelia Price$103,881$5,899————
Janet Carter$96,608—————
Cheryl Becker-Ramirez$88,575—————
Catherine McCoy$83,479—————
Kathryn Almendarez————$72,505$68,678
Terry Sloan$66,590$68,871————

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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Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a18
Independent voting membersPt VI · Ln 1b18
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Mission and programs

Empowers individuals with disabilities to make life choices based on their interests and dreams.

Provided by the organization

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Mission & Programs · Part III

Where the work happens

3 program services account for $5.3M of program spending, described in the organization's own filed words · FY2022.
01

MARCs Home and Community Based Services program includes residential homes, in home support, supported home living, and foster care. Residential homes have 4 residents living in each home. Residents participate in programs developed by their support team which includes goals to help each individual obtain the highest level of…

$2.8Mprogram expense
02

MARCs Intermediate Care Facility for the Intellectually Disabled Program provides residential services with a 24 hour care program. Each residence is located within community neighborhoods and house from 6 to 13 individuals each.

$1.8Mprogram expense
03

MARCs daily enrichment day habilitation or Day Hab program addresses the needs of individuals with disabilities who have not obtained work skills. Although several men and women included in the program do not have jobs in any work environment, MARCs staff strive to help each individual reach his or her highest level of ability in an…

$712Kprogram expense

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Funders

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 4 funders$315K
See all 4 funders →
Grants paid · 2 grants · $279K · 2022–2024
Marc Endowment INCTX · FY2022$273,394

Filing history

YearRevenueExpensesChangeFiling
FY2024 $8.5M$9.1M-3% 990 PDF
FY2023 Viewing $8.8M$8.6M+6% 990 PDF
FY2022 $8.3M$7.4M+17% 990 PDF
FY2021 $7.1M$7.5M-39% 990 PDF
FY2020 $11.6M$7.6M 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

Not shown yet: ratings, outcomes, and peer benchmarks. A Form 990 doesn’t report them.

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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