Much Expected Company EIN 85-3813450 Form 990 (PDF) Claim this org

Much Expected Company

Not yet claimed Claim this org →

Provides affordable commercial spaces for nonprofits helping the underprivileged. For fiscal year 2021 it reported $12K in revenue, $10K in expenses, and $110K in net assets.Pt I

Type
Religious organization · Religion
Location
Wichita, KS
Filings
2 on file (2020–2021)
Revenue
$12KFY2021
Expenses
$10K
Net assets
$110K
People
8
Filings
2
Updates
0
More identity details & actions ⌄
EIN  85-3813450 Religious organization Wichita, KS
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Much Expected Company claims this page.

Know this organization? Claim it to add your story

Size
<$100K
What they do
Provides affordable commercial spaces for nonprofits helping the underprivileged.
Leadership
Marvin Schellenberg · President
Money in and out
$12K revenue, $10K expenses
Bottom line
99% program efficiency
Where the money goes · FY2021
Total revenue
$12K
Pt VIII · Ln 12
Total expenses
$10K
Pt IX · Ln 25
Net assets
$110K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $2K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs▼ -0.6% vs prior filing year
Operating runway
47.5mo
months of highly liquid reserves at operating expense rate▼ -67% vs prior filing year
Surplus margin
+17%
revenue over expenses, this year▼ -82% vs prior filing year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$12K
FY2021▼ -89%
Expenses
$10K
FY2021▲ +205%
Total assets
$110K
FY2021▲ +2%
Total liabilities
$0
FY2021
Total revenue
$12K
Pt VIII · Ln 12
Total expenses
$10K
Pt IX · Ln 25
Net assets
$110K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$2K
Total assetsPt X · Ln 16$110K
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 4pending

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMuch Expected Company
EINHdr · item D85-3813450
Principal addressHdr · item CWichita, KS
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MKS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFReligion (X90)
Ruling yearIRS BMFApr 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
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
Vice President
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Much Expected Company executive salaries →

Are you one of these people? Claim this org to confirm your role

Mission & Programs · Part III

Where the work happens

1 program service account for $10K of program spending, described in the organization's own filed words · FY2021.
01

To acquire properties in underserved communities that will be renovated as needed and rented to nonprofit organizations that serve the underprivileged.

$10Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Program service revenue100%$12K
Total revenueLn 12$12K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$10K
Management & general1%$55
Total functional expensesLn 25$10K

Balance Sheet

Part X · end of year
CashLn 1$39K
Total assetsLn 16$110K
Total liabilitiesLn 26$0
Total net assetsLn 32$110K
Months of cash on handcomputed47.5

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $39K · Operating expenses/yr $10K
47.5 months
Where the money goes
Program services
Program services $10K · Total expenses $10K
99%
Management & General
Management & general $55 · Total expenses $10K
0.6%
Fundraising
Fundraising $0 · Total expenses $10K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $55K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $12K
0%
Government reliance
Government grants — · Total revenue $12K
Earned-income share
Program service revenue $12K · Total revenue $12K
100%
Investment reliance
Investment income $0 · Total revenue $12K
0%
Program self-sufficiency
Program service revenue $12K · Total expenses $10K
121%
Growth & trend
Revenue growth (YoY)
This year $12K · Prior year $111K
-89%
Net-asset trend (YoY)
End of year $110K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $12K · Expenses $10K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $110K
Net-asset ratio
Net assets $110K · Total assets $110K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $110K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marvin Schellenberg · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $10K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $10K
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 0.6%
Revenue growth -89%
Accounting fee ratio 13%

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.

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

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)$12K revenue · viewing · ⤓ 990 PDF
FY2020$111K revenue · ⤓ 990 PDF

Want to add your own materials alongside these filings? Claim this org

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.