The Mareda Center INC EIN 83-1794238

The Mareda Center INC FY2020 filing

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Offers families life-changing experiences based on core values. For fiscal year 2020 it reported $277K in revenue, $257K in expenses, and $33K in net assets.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Toledo, OH
Website
www.themaredacenter.org
Filings
2 on file (2020–2020)
Revenue
$277KFY2020
Expenses
$257K
Net assets
$33K
People
9
Filings
2
Updates
0
More identity details & actions ⌄
EIN  83-1794238 Unknown exempt organization Toledo, OH
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →
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Size
$100K–1M
What they do
Offers families life-changing experiences based on core values.
Leadership
Stephen Bowe · Trustee
Money in and out
$277K revenue, $257K expenses
Bottom line
+7% surplus margin
Reported financial activity · FY2020
Total revenue
$277K
Pt VIII · Ln 12
Total expenses
$257K
Pt IX · Ln 25
Net assets
$33K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $20K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.15 Fundraising $0.15
Surplus margin
+7%
revenue over expenses, this year
Program spending
70%
of expenses reach programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$277K
FY2020
Expenses
$257K
FY2020
Total assets
$39K
FY2020
Total liabilities
$5K
FY2020
Total revenue
$277K
Pt VIII · Ln 12
Total expenses
$257K
Pt IX · Ln 25
Net assets
$33K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$20K
Total assetsPt X · Ln 16$39K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 39
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

1 program service account for $180K of program spending, described in the organization's own filed words · FY2020.
01

The reading room helps children ages 3-5 learn through fun, hands-on experiences. Homework assist, tutoring, access to technology, supplies for completing projects, CARING/COMPETENT supervision all help children excel academically. In partnership with penta career center, the mareda center offers adults an opportunity to obtain their ged.

$180Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Mareda Center INC
EINHdr · item D83-1794238
Principal addressHdr · item CToledo, OH
WebsiteHdr · item Jwww.themaredacenter.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a9
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Contributions & grants100%$277K
Other revenue$1
Total revenueLn 12$277K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.15 Fundraising $0.15
Program services70%$180K
Management & general15%$39K
Fundraising15%$39K
Total functional expensesLn 25$257K

Balance Sheet

Part X · end of year
CashLn 1$34K
Total assetsLn 16$39K
Total liabilitiesLn 26$5K
Total net assetsLn 32$33K
Months of cash on handcomputed1.6

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $34K · Operating expenses/yr $257K
1.6 months
Where the money goes
Program services
Program services $180K · Total expenses $257K
70%
Management & General
Management & general $39K · Total expenses $257K
15%
Fundraising
Fundraising $39K · Total expenses $257K
15%
Cost to raise $1
Fundraising expense $39K · Solicited contributions $277K
$0.14 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $277K · Total revenue $277K
100%
Government reliance
Government grants — · Total revenue $277K
Earned-income share
Program service revenue $0 · Total revenue $277K
0%
Investment reliance
Investment income $0 · Total revenue $277K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $257K
0%
Growth & trend
Revenue growth (YoY)
This year $277K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $33K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $277K · Expenses $257K
+7%
Liabilities-to-Assets
Total liabilities — · Total assets $39K
Net-asset ratio
Net assets $33K · Total assets $39K
86%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $39K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Stephen Bowe · Reported title TRUSTEE · Highest reported compensation $0 · Total expenses $257K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $257K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 15%
Fundraising cost ratio 14%
Accounting fee ratio 0.9%

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.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$10K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$186K revenue · ⤓ 990 PDF
FY2020$277K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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