Marshall County Lln INC FY2020 filing

Tax-deductible

Plymouth, IN501(c)(3)EducationEIN 75-2994886Revenue $305K in FY2020

On file with the IRSPo Box 44, 46563-0044 · Plymouth, INTax-exempt since Oct 2002Publicly supported charity — 170(b)(1)(A)(vi)

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Increase educational attainment levels and quality of life of Marshall County residents by providing vocational education programs and computer- related courses at minimal cost to participants.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
3 of 5
filings with a surplus
Average surplus $16K a year · 3% 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
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
19 mo
of spending, in cash
Looks good: 19.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $152K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$161K
31% of total assets
Looks good: liabilities are 31% 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
$305K
Spent
$327K
To programs
96%
Net assets
$357K
By yearFY2020–FY2024
Revenue
$305K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$305K
FY2021$398K
FY2022$596K
FY2023$439K
FY2024$702K
Expenses
$327K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$327K
FY2021$284K
FY2022$365K
FY2023$392K
FY2024$991K
Net assets
$357K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$357K
FY2021$471K
FY2022$701K
FY2023$749K
FY2024$460K

From the FY2020 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2002.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $314K Management & general 4% · $13K

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

9 people listed on the 990.

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Vice Chairman
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
$0Pt VII · Sec A
See Marshall County Lln 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 15aYes

Programs and updates

Offers affordable vocational and computer training to improve residents' education and lives.

Provided by the organization

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1 program · $314K · in their own filed words · FY2020
01

Vocational education programs for Marshall County high school students

$314Kprogram 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 2 funders$152K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$305K
Ln 12
Fees for servicesLn 2g$305K
Money outPt IX
$327K
Ln 25
Programscol B$314K
Managementcol C$13K
Owns and owesPt X
$357K
net assets · Ln 32
Cash and savingsLn 1–2$518K
Total assetsLn 16$518K
LiabilitiesLn 26$161K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$305K
Total revenueLn 12$305K
Assets in detailPt X, end of year
CashLn 1$518K
Cash and savings togetherLn 1–2$518K
Total assetsLn 16$518K
LiabilitiesLn 26$161K
Net assetsLn 32$357K
OperationsPt I, VI
EmployeesI 510
VolunteersI 612
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 FY20End FY20
Cash and savingsLn 1–2$560K$518K
Total assetsLn 16$560K$518K
LiabilitiesLn 26$181K$161K
Net assetsLn 32$379K$357K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$278K$278K
Accounting feesLn 11c$3K$3K
Investment management feesLn 11f$2K$2K
Office expensesLn 13$92$92
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$14K$14K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$22K$21K$140
Total functional expensesLn 25$327K$314K$13K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $702K$991K−$289K$460K 990 PDF
FY2023 $439K$392K$47K$749K 990 PDF
FY2022 $596K$365K$231K$701K 990 PDF
FY2021 $398K$284K$113K$471K 990 PDF
FY2020 Viewing $305K$327K−$22K$357K 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 FY2020 990 (6 parts)
Part I · Summary $305,000 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenuePrior year $353,125$305,000
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $353,125$305,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $288,736$277,749
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $56,325$49,374
I-18 Total expensesPrior year $345,061$327,123
I-19 Revenue less expensesPrior year $8,064−$22,123
Part VI · Governance 11 of 11 board members independent, 3 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-2 Family or business relationship among officers or directorsNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $305,000 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $305,000$305,000
VIII-12 Total revenueRelated to mission $305,000 · Unrelated business $0 · Excluded from tax $0$305,000
Part IX · Statement of functional expenses $327,123 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $277,749$277,749
IX-11c Accounting feesManagement $3,200$3,200
IX-11f Investment management feesManagement $1,875$1,875
IX-13 Office expensesManagement $92$92
IX-17 TravelPrograms $1,418$1,418
IX-19 Conferences, conventions and meetingsPrograms $13,798$13,798
IX-23 InsuranceManagement $7,456$7,456
IX-24 Other expenses (24a–d)Programs $21,395 · Management $140$21,535
IX-25 Total functional expensesPrograms $314,360 · Management $12,763 · Fundraising $0$327,123
Part X · Balance sheet $518,019 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $560,250$518,019
X-16 Total assetsStart of year $560,250$518,019
X-17 Accounts payable and accrued expensesStart of year $18,318$18,210
X-19 Deferred revenueStart of year $162,500$142,500
X-26 Total liabilitiesStart of year $180,818$160,710
X-32 Total net assets or fund balancesStart of year $379,432$357,309
X-33 Total liabilities and net assetsStart of year $560,250$518,019
Part XI · Reconciliation of net assets $357,309 net assets at year end
XI-1 Total revenue$305,000
XI-2 Total expenses$327,123
XI-3 Revenue less expenses−$22,123
XI-4 Net assets at start of year$379,432
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$357,309

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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