Merit Shop Training INC

Tax-deductible

Freeport, TX501(c)(3)EmploymentEIN 76-0234679Revenue $666K in FY2025

On file with the IRSabctxgulfcoast.org1002 Abc Ave, 77541-3889 · Freeport, TXTax-exempt since Sep 1989Publicly supported — 509(a)(2)

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Provide Training programs

501(c)(3) charity; gifts are tax-deductible.
52¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2025 · 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
1 of 6
filings with a surplus
Average deficit $30K a year · 5% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
52%
of spending
Worth a look: 52% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
13 mo
of spending, in cash
Looks good: 13.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$498K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 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
$666K
-13% vs prior year
Spent
$687K
To programs
52%
Net assets
$1.7M
By yearFY2020–FY2025
Revenue
$666K
FY2025▼ -13%
Tap a bar for its year
Revenue by fiscal year
FY2020$544K
FY2021$555K
FY2022$505K
FY2023$540K
FY2024$764K
FY2025$666K
Expenses
$687K
FY2025▼ -14%
Tap a bar for its year
Expenses by fiscal year
FY2020$527K
FY2021$586K
FY2022$571K
FY2023$587K
FY2024$794K
FY2025$687K
Net assets
$1.7M
FY2025▼ -1%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9M
FY2021$1.9M
FY2022$1.8M
FY2023$1.7M
FY2024$1.7M
FY2025$1.7M

From the FY2025 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1989.

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

Where the money goes

52 cents of each dollar spent went to programs.

Program services 52% · $360K Management & general 48% · $327K

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

7 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Advisor
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
President/Ce
$0Pt VII · Sec A

Theresa Cravey’s $50K as Director is at the 52nd percentile of top reported officer pay among 1217 $100K–1M employment 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 · 3 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
Theresa Cravey$50,490$48,911——
Terry McAlister——$26,414$24,190
James Lapier$22,994$16,923——

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 15aYes

Programs and updates

Merit Shop Training INC is an employment nonprofit based in Freeport, TX.

Provided by the organization

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1 program · $360K · in their own filed words · FY2025
01

Craft training and education for construction trainees during fall, spring and summer semesters

$360Kprogram expense

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$666K
Ln 12
Gifts and grantsLn 1h$416K
Fees for servicesLn 2g$118K
Other incomeLn 4–11$105K
Money outPt IX
$687K
Ln 25
Programscol B$360K
Managementcol C$327K
Owns and owesPt X
$1.7M
net assets · Ln 32
Cash and savingsLn 1–2$754K
Total assetsLn 16$2.2M
LiabilitiesLn 26$498K
PeoplePt VI, VII
7
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$416K
Fees for servicesLn 2g$118K
Investment incomeLn 3$27K
Other incomeLn 4–11$105K
Total revenueLn 12$666K
Assets in detailPt X, end of year
CashLn 1$271K
SavingsLn 2$483K
Cash and savings togetherLn 1–2$754K
InvestmentsLn 11–13$204K
Land, buildings, equipmentLn 10c$714K
Other assetsLn 15$490K
Total assetsLn 16$2.2M
LiabilitiesLn 26$498K
Net assetsLn 32$1.7M
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$745K$754K
InvestmentsLn 11–13$204K$204K
Land, buildings, equipmentLn 10c$739K$714K
Total assetsLn 16$2.3M$2.2M
LiabilitiesLn 26$551K$498K
Net assetsLn 32$1.7M$1.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$285K$155K$131K
Pension plan contributionsLn 8$12K$3K$8K
Other employee benefitsLn 9$43K$28K$15K
Payroll taxesLn 10$22K$12K$10K
Accounting feesLn 11c$9K$9K
Advertising and promotionLn 12$309$309
Office expensesLn 13$527$527
OccupancyLn 16$99K$99K
Conferences, conventions and meetingsLn 19$10K$10K
Depreciation, depletion and amortizationLn 22$25K$25K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$96K$96K
All other expensesLn 24e$80K$40K$39K
Total functional expensesLn 25$687K$360K$327K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $666K$687K−$20K$1.7M 990 PDF
FY2024 $764K$794K−$31K$1.7M 990 PDF
FY2023 $540K$587K−$47K$1.7M 990 PDF
FY2022 $505K$571K−$66K$1.8M 990 PDF
FY2021 $555K$586K−$31K$1.9M 990 PDF
FY2020 $544K$527K$17K$1.9M 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 FY2025 990 (6 parts)
Part I · Summary $666,084 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $374,997$416,458
I-9 Program service revenuePrior year $243,894$118,152
I-10 Investment incomePrior year $23,342$26,505
I-11 Other revenuePrior year $121,276$104,969
I-12 Total revenuePrior year $763,509$666,084
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $394,030$362,080
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $400,439$324,489
I-18 Total expensesPrior year $794,469$686,569
I-19 Revenue less expensesPrior year −$30,960−$20,485
Part VI · Governance 5 of 5 board members independent, no flags
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $666,084 across 7 lines filed
VIII-1d Related organizations$200,001
VIII-1f All other contributions, gifts and grants$216,457
VIII-1h Total contributions, gifts and grants$416,458
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $118,152$118,152
VIII-3 Investment incomeExcluded from tax $26,505$26,505
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $104,969$104,969
VIII-12 Total revenueRelated to mission $223,121 · Excluded from tax $26,505$666,084
Part IX · Statement of functional expenses $686,569 across 13 lines filed
IX-7 Other salaries and wagesPrograms $154,525 · Management $130,590$285,115
IX-8 Pension plan contributionsPrograms $3,489 · Management $8,481$11,970
IX-9 Other employee benefitsPrograms $28,408 · Management $14,511$42,919
IX-10 Payroll taxesPrograms $11,954 · Management $10,122$22,076
IX-11c Accounting feesManagement $9,400$9,400
IX-12 Advertising and promotionManagement $309$309
IX-13 Office expensesManagement $527$527
IX-16 OccupancyManagement $99,407$99,407
IX-19 Conferences, conventions and meetingsManagement $10,044$10,044
IX-22 Depreciation, depletion and amortizationPrograms $25,273$25,273
IX-23 InsuranceManagement $4,123$4,123
IX-24 Other expenses (24a–d)Programs $95,619$95,619
IX-24e All other expensesPrograms $40,296 · Management $39,491$79,787
IX-25 Total functional expensesPrograms $359,564 · Management $327,005 · Fundraising $0$686,569
Part X · Balance sheet $2,187,656 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $222,087$271,308
X-2 Savings and temporary cash investmentsStart of year $522,772$483,167
X-4 Accounts receivableStart of year $28,149$24,793
X-10c Land, buildings and equipment, netStart of year $739,220$713,947
X-11 Publicly traded securitiesStart of year $204,284$204,090
X-15 Other assetsStart of year $542,981$490,351
X-16 Total assetsStart of year $2,259,493$2,187,656
X-25 Other liabilitiesStart of year $528,628$498,040
X-26 Total liabilitiesStart of year $550,562$498,040
X-27 Net assets without donor restrictionsStart of year $1,708,931$1,689,616
X-32 Total net assets or fund balancesStart of year $1,708,931$1,689,616
X-33 Total liabilities and net assetsStart of year $2,259,493$2,187,656
Part XI · Reconciliation of net assets $1,689,616 net assets at year end
XI-1 Total revenue$666,084
XI-2 Total expenses$686,569
XI-3 Revenue less expenses−$20,485
XI-4 Net assets at start of year$1,708,931
XI-5 Net unrealized gains (losses) on investments$1,170
XI-10 Net assets at end of year$1,689,616

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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