Merit Shop Training INC FY2020 filing

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Provide Training programs

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
$24K 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

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
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
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$24K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
21 mo
of spending, in cash
Looks good: 21.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$26K
1% of total assets
Looks good: liabilities are 1% 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
$544K
Spent
$527K
To programs
55%
Net assets
$1.9M
By yearFY2020–FY2025
Revenue
$544K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$544K
FY2021$555K
FY2022$505K
FY2023$540K
FY2024$764K
FY2025$666K
Expenses
$527K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$527K
FY2021$586K
FY2022$571K
FY2023$587K
FY2024$794K
FY2025$687K
Net assets
$1.9M
FY2020
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 FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Sep 1989.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $290K Management & general 45% · $236K

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; $24K paid to officers and key staff.

Part VII, Section A · reportable compensation
$24,190Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Tr
$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.

See Merit Shop Training INC executive salaries →

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.

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1 program · $290K · in their own filed words · FY2020
01

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

$290Kprogram expense

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$544K
Ln 12
Gifts and grantsLn 1h$320K
Fees for servicesLn 2g$215K
Investment incomeLn 3$9K
Money outPt IX
$527K
Ln 25
Programscol B$290K
Managementcol C$236K
Owns and owesPt X
$1.9M
net assets · Ln 32
Cash and savingsLn 1–2$931K
Total assetsLn 16$2.0M
LiabilitiesLn 26$26K
PeoplePt VI, VII
9
listed · VII A
PaidVII A1
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$320K
Fees for servicesLn 2g$215K
Investment incomeLn 3$9K
Total revenueLn 12$544K
Assets in detailPt X, end of year
CashLn 1$596K
SavingsLn 2$335K
Cash and savings togetherLn 1–2$931K
Accounts receivableLn 4$4K
Land, buildings, equipmentLn 10c$840K
InvestmentsLn 11–13$105K
Other assetsLn 15$71K
Total assetsLn 16$2.0M
LiabilitiesLn 26$26K
Net assetsLn 32$1.9M
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 FY20End FY20
Cash and savingsLn 1–2$893K$931K
InvestmentsLn 11–13$102K$105K
Land, buildings, equipmentLn 10c$868K$840K
Total assetsLn 16$1.9M$2.0M
LiabilitiesLn 26$19K$26K
Net assetsLn 32$1.9M$1.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$24K$24K
Other salaries and wagesLn 7$155K$107K$47K
Pension plan contributionsLn 8$11K$5K$5K
Other employee benefitsLn 9$37K$24K$13K
Payroll taxesLn 10$14K$8K$6K
Accounting feesLn 11c$7K$7K
Advertising and promotionLn 12$149$149
Office expensesLn 13$340$34$306
OccupancyLn 16$102K$102K
TravelLn 17$53$53
Conferences, conventions and meetingsLn 19$812$812
Depreciation, depletion and amortizationLn 22$27K$27K
InsuranceLn 23$10K$10K
Other expenses (24a–d)Ln 24$103K$97K$6K
All other expensesLn 24e$36K$21K$15K
Total functional expensesLn 25$527K$290K$236K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS Mar 30, 2026 $666K$687K−$20K$1.7M 990 PDF
FY2024Filed with the IRS May 9, 2025 $764K$794K−$31K$1.7M 990 PDF
FY2023Filed with the IRS May 8, 2024 $540K$587K−$47K$1.7M 990 PDF
FY2022Filed with the IRS May 22, 2023 $505K$571K−$66K$1.8M 990 PDF
FY2021Filed with the IRS Jun 9, 2022 $555K$586K−$31K$1.9M 990 PDF
FY2020 ViewingFiled with the IRS May 6, 2021 $544K$527K$17K$1.9M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $543,695 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $365,681$320,037
I-9 Program service revenuePrior year $394,062$214,648
I-10 Investment incomePrior year $11,269$9,010
I-11 Other revenuePrior year $1,302$0
I-12 Total revenuePrior year $772,314$543,695
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $262,882$240,735
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $451,114$285,887
I-18 Total expensesPrior year $713,996$526,622
I-19 Revenue less expensesPrior year $58,318$17,073
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 $543,695 across 5 lines filed
VIII-1f All other contributions, gifts and grants$320,037
VIII-1h Total contributions, gifts and grants$320,037
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $214,648$214,648
VIII-3 Investment incomeExcluded from tax $9,010$9,010
VIII-12 Total revenueRelated to mission $214,648 · Excluded from tax $9,010$543,695
Part IX · Statement of functional expenses $526,622 across 15 lines filed
IX-5 Pay of current officers, directors and key staffManagement $24,190$24,190
IX-7 Other salaries and wagesPrograms $107,203 · Management $47,423$154,626
IX-8 Pension plan contributionsPrograms $5,203 · Management $5,460$10,663
IX-9 Other employee benefitsPrograms $24,468 · Management $12,619$37,087
IX-10 Payroll taxesPrograms $8,495 · Management $5,674$14,169
IX-11c Accounting feesManagement $7,000$7,000
IX-12 Advertising and promotionManagement $149$149
IX-13 Office expensesPrograms $34 · Management $306$340
IX-16 OccupancyManagement $101,891$101,891
IX-17 TravelManagement $53$53
IX-19 Conferences, conventions and meetingsManagement $812$812
IX-22 Depreciation, depletion and amortizationPrograms $27,467$27,467
IX-23 InsuranceManagement $9,589$9,589
IX-24 Other expenses (24a–d)Programs $96,666 · Management $6,000$102,666
IX-24e All other expensesPrograms $20,633 · Management $15,287$35,920
IX-25 Total functional expensesPrograms $290,169 · Management $236,453 · Fundraising $0$526,622
Part X · Balance sheet $1,950,646 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $562,995$595,916
X-2 Savings and temporary cash investmentsStart of year $329,850$334,883
X-4 Accounts receivableStart of year $15,359$3,882
X-10c Land, buildings and equipment, netStart of year $867,775$840,309
X-11 Publicly traded securitiesStart of year $102,087$104,867
X-15 Other assetsStart of year $46,360$70,789
X-16 Total assetsStart of year $1,926,927$1,950,646
X-19 Deferred revenueStart of year $455$780
X-25 Other liabilitiesStart of year $18,903$25,224
X-26 Total liabilitiesStart of year $19,358$26,004
X-27 Net assets without donor restrictionsStart of year $1,907,569$1,924,642
X-32 Total net assets or fund balancesStart of year $1,907,569$1,924,642
X-33 Total liabilities and net assetsStart of year $1,926,927$1,950,646
Part XI · Reconciliation of net assets $1,924,642 net assets at year end
XI-1 Total revenue$543,695
XI-2 Total expenses$526,622
XI-3 Revenue less expenses$17,073
XI-4 Net assets at start of year$1,907,569
XI-10 Net assets at end of year$1,924,642

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

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