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Way Home Mt FY2022 filing

Tax-deductible

Miles City, MT501(c)(3)ReligionEIN 83-2084341Revenue $93K in FY2022

On file with the IRSthewayhomemt.orgPo Box 1232, 59301-1232 · Miles City, MTTax-exempt since Oct 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The Way Home - Mt creates a gateway for sustainable housing, old fashionaed hospitality, and a healthy lifestyle through faith based ministry to build a strong foundation for individuals, familes, and the community.

501(c)(3) charity; gifts are tax-deductible.
90¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
FY2023
latest Form 990
Fine: the latest return is for FY2023, 3 tax years back; within 3 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 3
filings with a surplus
Average surplus $30K a year · 28% of revenue · last 3 filings
Looks good: a surplus in 3 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
90%
of spending
Looks good: 90% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $12K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$236K
77% of total assets
Worth a look: liabilities are 77% of assets; over 65%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$93K
+0.05% vs prior year
Spent
$80K
To programs
90%
Net assets
$69K
By yearFY2021–FY2023
Revenue
$93K
FY2022+0.05%
Tap a bar for its year
Revenue by fiscal year
FY2021$93K
FY2022$93K
FY2023$128K
Expenses
$80K
FY2022▲ +66%
Tap a bar for its year
Expenses by fiscal year
FY2021$48K
FY2022$80K
FY2023$96K
Net assets
$69K
FY2022▲ +23%
Tap a bar for its year
Net assets by fiscal year
FY2021$56K
FY2022$69K
FY2023$101K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2023) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Oct 2020.

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

Where the money goes

90 cents of each dollar spent went to programs.

Program services 90% · $72K Management & general 5% · $4K Fundraising 5% · $4K

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

5 people listed on the 990.

Part VII, Section A · reportable compensation
Karla Murnin
President /
$0Pt VII · Sec A
Barney Murnin
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Way Home Mt 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 15aNo

Programs and updates

Provides sustainable housing, hospitality, and healthy living through faith-based ministry.

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Provided by the organization

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2 programs · $72K · in their own filed words · FY2022
01

Transitional housing- way home MT (WHMT) offers transitional housing program for various persons, assisting them in transitioning to independent living in society. Individuals that participate in this housing program must interview with background check and agree to PROGRAM/HOUSE rules and offer personal preferences.

$72Kprogram expense
02

Benevolence program- THW way home MT ( WHMT ) has a benvolence program to assist persons truely in need. According to title 26 CF 1.170A-4A(D) defines a truly in need person as: a person who lacks the necessities of life, involving physical, mental, or emotional well being, as a result of poverty or temporiary distress.

Pt IX · col B

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
Custer County Conference of the Society of St Vincent DepaulFY2024$8K
First Interstate Bancsystem Foundation INCFY2024$4K
Total grants receivedfrom 2 funders$12K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$93K
Ln 12
Gifts and grantsLn 1h$60K
Fees for servicesLn 2g$33K
Investment incomeLn 3$8
Money outPt IX
$80K
Ln 25
Programscol B$72K
Managementcol C$4K
Fundraisingcol D$4K
Owns and owesPt X
$69K
net assets · Ln 32
Cash and savingsLn 1–2$17K
Total assetsLn 16$305K
LiabilitiesLn 26$236K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$60K
Fundraising eventsLn 1c$5K
Fees for servicesLn 2g$33K
Investment incomeLn 3$8
Total revenueLn 12$93K
Assets in detailPt X, end of year
CashLn 1$17K
Cash and savings togetherLn 1–2$17K
Land, buildings, equipmentLn 10c$288K
Total assetsLn 16$305K
LiabilitiesLn 26$236K
Net assetsLn 32$69K
OperationsPt I, VI
EmployeesI 50
VolunteersI 627
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 FY22End FY22
Cash and savingsLn 1–2$21K$17K
Land, buildings, equipmentLn 10c$74K$288K
Total assetsLn 16$115K$305K
LiabilitiesLn 26$59K$236K
Net assetsLn 32$56K$69K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other fees for servicesLn 11g$11K$7K$4K
Advertising and promotionLn 12$862$862
Office expensesLn 13$772$772
InterestLn 20$5K$5K
Depreciation, depletion and amortizationLn 22$6K$6K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$50K$48K$2K
All other expensesLn 24e$2K$1K$187
Total functional expensesLn 25$80K$72K$4K$4K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2023 Latest $128K$96K$32K$101K 990 PDF
FY2022 Viewing $93K$80K$13K$69K 990 PDF
FY2021 $93K$48K$45K$56K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $93,120 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $58,899$60,171
I-9 Program service revenuePrior year $29,964$32,941
I-10 Investment income$8
I-11 Other revenuePrior year $4,213$0
I-12 Total revenuePrior year $93,076$93,120
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $48,398$80,254
I-18 Total expensesPrior year $48,398$80,254
I-19 Revenue less expensesPrior year $44,678$12,866
Part VI · Governance 7 of 7 board members independent, 4 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $93,120 across 6 lines filed
VIII-1c Fundraising events$5,079
VIII-1f All other contributions, gifts and grants$55,092
VIII-1h Total contributions, gifts and grants$60,171
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $32,941$32,941
VIII-3 Investment incomeRelated to mission $8$8
VIII-12 Total revenueRelated to mission $32,949$93,120
Part IX · Statement of functional expenses $80,254 across 8 lines filed
IX-11g Other fees for servicesPrograms $7,075 · Fundraising $4,355$11,430
IX-12 Advertising and promotionManagement $862$862
IX-13 Office expensesManagement $772$772
IX-20 InterestPrograms $5,107$5,107
IX-22 Depreciation, depletion and amortizationPrograms $5,955$5,955
IX-23 InsurancePrograms $4,950$4,950
IX-24 Other expenses (24a–d)Programs $47,597 · Management $2,075$49,672
IX-24e All other expensesPrograms $1,319 · Management $187$1,506
IX-25 Total functional expensesPrograms $72,003 · Management $3,896 · Fundraising $4,355$80,254
Part X · Balance sheet $305,477 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $21,355$17,318
X-10c Land, buildings and equipment, netStart of year $74,114$288,159
X-16 Total assetsStart of year $115,469$305,477
X-24 Unsecured notes and loans payableStart of year $58,982$235,124
X-25 Other liabilities$1,000
X-26 Total liabilitiesStart of year $58,982$236,124
X-27 Net assets without donor restrictionsStart of year $56,487$69,353
X-32 Total net assets or fund balancesStart of year $56,487$69,353
X-33 Total liabilities and net assetsStart of year $115,469$305,477
Part XI · Reconciliation of net assets $69,353 net assets at year end
XI-1 Total revenue$93,120
XI-2 Total expenses$80,254
XI-3 Revenue less expenses$12,866
XI-4 Net assets at start of year$56,487
XI-10 Net assets at end of year$69,353

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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