Missio Corp FY2020 filing

Tax-deductible

New York, NY501(c)(3)InternationalEIN 83-2355039Revenue $1.6M in FY2020

On file with the IRSmissioinvest.org224 W 35th St Ste 500 Pmb 8, 10001-2538 · New York, NYTax-exempt since Feb 2020Publicly supported charity — 170(b)(1)(A)(vi)

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The Missio Corp. was conceived, incubated & launched by the Pontifical Mission Societies (See Sch O)in the United States, the Catholic Church's missionary support mechanism, established as the Society for the Propagation of the Faith with a special mandate to build up the personnel and infrastructure in mission dioceses, mostly in Africa and Asia. The Catholic Church is the largest provider of education and health care across Africa and is uniquely positioned to fill the growing gap between an expanding population and local solutions. The Church also owns vast amoumts of arable land, which can directly address food security, advance environmentally sound farming practices and provide jobs while generating income to fund the vital social programs that serve the poorest of the poor. Missio Corp has been established to support funding for this growing need.

501(c)(3) charity; gifts are tax-deductible.
55¢ 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
1 of 4
filings with a surplus
Average deficit $671K a year · 68% of revenue · last 4 filings
Concern: a surplus in 1 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $50K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$408K
65% of total assets
Fine: liabilities are 65% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
Spent
$1.6M
To programs
55%
Net assets
$223K
By yearFY2020–FY2024
Revenue
$1.6M
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$1.6M
FY2022$526K
FY2023$645K
FY2024$1.1M
Expenses
$1.6M
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$1.6M
FY2022$1.8M
FY2023$1.6M
FY2024$1.7M
Net assets
$223K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$223K
FY2022$3.4M
FY2023$2.5M
FY2024$1.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Feb 2020.

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% · $856K Management & general 23% · $361K Fundraising 22% · $353K

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

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary / Treasurer
$0Pt VII · Sec A
Vice-Chairperson
$0Pt VII · Sec A

Keith Polo’s $226K as Chief Lending Officer is at the 82nd percentile of top reported officer pay among 1168 $1–10M international 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022
Keith Polo$225,907$205,701$201,200
Joelle C Birge$206,000$179,240$171,400

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 15aNo

Programs and updates

Supports Catholic Church missions building infrastructure, education, healthcare, and food security in Africa and Asia.

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Provided by the organization

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2 programs · $856K · in their own filed words · FY2020
01

Capacity Building & Technical Assistance

Providing training and expertise that then transfers to others in the religious community, providing opportunities for overall development. With support from donations and other sources provide agricultural expertise that will enable selected projects to achieve their goal of supporting their communities.

$507Kprogram expense
02

Business Development

Developing entrepreneurial skills for religious involved in agricultural programs to allow these leaders to be less dependent on donations and to be able to provide the needs for their constituencies.

$349Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$50K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.6M
Money outPt IX
$1.6M
Ln 25
Programscol B$856K
Managementcol C$361K
Fundraisingcol D$353K
Owns and owesPt X
$223K
net assets · Ln 32
Cash and savingsLn 1–2$543K
Total assetsLn 16$630K
LiabilitiesLn 26$408K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6M
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$543K
Cash and savings togetherLn 1–2$543K
Total assetsLn 16$630K
LiabilitiesLn 26$408K
Net assetsLn 32$223K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$518K$543K
Total assetsLn 16$588K$630K
LiabilitiesLn 26$431K$408K
Net assetsLn 32$156K$223K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$483K$266K$116K$102K
Other employee benefitsLn 9$27K$15K$6K$6K
Payroll taxesLn 10$47K$26K$11K$10K
Legal feesLn 11b$150K$150K
Accounting feesLn 11c$10K$10K
Other fees for servicesLn 11g$129K$129K
Advertising and promotionLn 12$20K$20K
Office expensesLn 13$25K$25K
InsuranceLn 23$17K$17K
Other expenses (24a–d)Ln 24$661K$507K$67K$87K
Total functional expensesLn 25$1.6M$856K$361K$353K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.1M$1.7M−$601K$1.9M 990 PDF
FY2023 $645K$1.6M−$921K$2.5M 990 PDF
FY2022 $526K$1.8M−$1.2M$3.4M 990 PDF
FY2021 Not on file
FY2020 Viewing $1.6M$1.6M$66K$223K 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 $1,636,003 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,227,928$1,636,003
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,227,928$1,636,003
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$557,824
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $1,071,549$1,011,751
I-18 Total expensesPrior year $1,071,549$1,569,575
I-19 Revenue less expensesPrior year $156,379$66,428
Part VI · Governance 4 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-15a Process for setting top official's payNo
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
Part VIII · Statement of revenue $1,636,003 across 3 lines filed
VIII-1f All other contributions, gifts and grants$1,636,003
VIII-1h Total contributions, gifts and grants$1,636,003
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,636,003
Part IX · Statement of functional expenses $1,569,575 across 10 lines filed
IX-7 Other salaries and wagesPrograms $265,896 · Management $116,028 · Fundraising $101,524$483,448
IX-9 Other employee benefitsPrograms $14,850 · Management $6,479 · Fundraising $5,670$26,999
IX-10 Payroll taxesPrograms $26,057 · Management $11,371 · Fundraising $9,949$47,377
IX-11b Legal feesManagement $150,238$150,238
IX-11c Accounting feesManagement $10,000$10,000
IX-11g Other fees for servicesFundraising $129,000$129,000
IX-12 Advertising and promotionFundraising $19,910$19,910
IX-13 Office expensesPrograms $24,833$24,833
IX-23 InsurancePrograms $17,000$17,000
IX-24 Other expenses (24a–d)Programs $507,165 · Management $66,702 · Fundraising $86,903$660,770
IX-25 Total functional expensesPrograms $855,801 · Management $360,818 · Fundraising $352,956$1,569,575
Part X · Balance sheet $630,340 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $517,658$542,658
X-4 Accounts receivableStart of year $69,882$87,682
X-16 Total assetsStart of year $587,540$630,340
X-17 Accounts payable and accrued expensesStart of year $431,161$407,533
X-26 Total liabilitiesStart of year $431,161$407,533
X-32 Total net assets or fund balancesStart of year $156,379$222,807
X-33 Total liabilities and net assetsStart of year $587,540$630,340
Part XI · Reconciliation of net assets $222,807 net assets at year end
XI-1 Total revenue$1,636,003
XI-2 Total expenses$1,569,575
XI-3 Revenue less expenses$66,428
XI-4 Net assets at start of year$156,379
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$222,807

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

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