Mrva INC FY2023 filing

Tax-deductible

Kihei, HI501(c)(3)EducationEIN 86-2319116

To provide and support learning opportunities for college and high school students to further their science, technology, engineering, and math knowledge and interests via hands-on experience.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
$34K 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

FY2023 · 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
0 of 4
filings with a surplus
Average deficit $237K a year · 88% of revenue · last 4 filings
Concern: a surplus in 0 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$34K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.0M
412% of total assets
Concern: liabilities are 412% of assets; over 80%.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$270K
+54% vs prior year
Spent
$596K
To programs
99%
Net assets
−$763K
By yearFY2021–FY2024
Revenue
$270K
FY2023▲ +54%
Revenue by fiscal year
FY2021$200K
FY2022$175K
FY2023$270K
FY2024$428K
Expenses
$596K
FY2023▲ +31%
Expenses by fiscal year
FY2021$357K
FY2022$456K
FY2023$596K
FY2024$611K
Net assets
−$763K
FY2023▼ -75%
Net assets by fiscal year
FY2021−$157K
FY2022−$437K
FY2023−$763K
FY2024−$946K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2021.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $592K Management & general 1% · $4K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

3 people listed on the 990; $34K paid to officers and key staff.

Part VII, Section A · reportable compensation
Vice Preside
$33,842Pt VII · Sec A
Director
$0Pt VII · Sec A
President/Tr
$0Pt VII · Sec A

Wade Koglin’s $58K as Vice Preside is at the 50th percentile of top reported officer pay among 1613 $100K–1M education 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 · 1 named individual · Part VII

NameFY2024FY2023
Wade Koglin$57,723$33,842

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 Mrva INC 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

Offers hands-on experiences to boost college and high school students' STEM knowledge and interests.

Provided by the organization

This section is blank until Mrva INC claims this page.

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1 program service account for $592K of program spending, described in the organization's own filed words · FY2023.
01

Mrva focused most of it program in 2023 on participating in the iac autonomous vehicle competition. The program brings together talented university students (focused on hawaii but includes others) to provide hands-on / multi-person development experience to enrich their university training in engineering.

$592Kprogram expense

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By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$270K
Ln 12
Gifts and grantsLn 1h$270K
Money outPt IX
$596K
Ln 25
Programscol B$592K
Managementcol C$4K
Owns and owesPt X
−$763K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$245K
LiabilitiesLn 26$1.0M
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$270K
Government grantsLn 1e$96K
Total revenueLn 12$270K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Land, buildings, equipmentLn 10c$241K
Total assetsLn 16$245K
LiabilitiesLn 26$1.0M
Net assetsLn 32−$763K
OperationsPt I, VI
EmployeesI 50
VolunteersI 612
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 FY23End FY23
Cash and savingsLn 1–2$4K$4K
Land, buildings, equipmentLn 10c$335K$241K
Total assetsLn 16$338K$245K
LiabilitiesLn 26$775K$1.0M
Net assetsLn 32−$437K−$763K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$3K$2K$276
Other fees for servicesLn 11g$159K$159K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$6K$6K$685
Information technologyLn 14$14K$14K
TravelLn 17$38K$34K$3K
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$94K$94K
InsuranceLn 23$3K$3K
Other expenses (24a–d)Ln 24$263K$263K
All other expensesLn 24e$11K$11K
Total functional expensesLn 25$596K$592K$4K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $428K$611K−$183K−$946K 990 PDF
FY2023 Viewing $270K$596K−$326K−$763K 990 PDF
FY2022 $175K$456K−$280K−$437K 990 PDF
FY2021 $200K$357K−$157K−$157K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $270,500 across 4 lines filed
VIII-1e Government grants$95,500
VIII-1f All other contributions, gifts and grants$175,000
VIII-1h Total contributions, gifts and grants$270,500
VIII-12 Total revenue$270,500
Part IX · Statement of functional expenses $596,389 across 11 lines filed
IX-11c Accounting feesPrograms $2,482 · Management $276$2,758
IX-11g Other fees for servicesPrograms $159,003$159,003
IX-12 Advertising and promotionPrograms $4,832$4,832
IX-13 Office expensesPrograms $5,753 · Management $685$6,438
IX-14 Information technologyPrograms $13,823$13,823
IX-17 TravelPrograms $34,228 · Management $3,351$37,579
IX-19 Conferences, conventions and meetingsPrograms $1,402$1,402
IX-22 Depreciation, depletion and amortizationPrograms $94,381$94,381
IX-23 InsurancePrograms $2,919$2,919
IX-24 Other expenses (24a–d)Programs $262,517$262,517
IX-24e All other expensesPrograms $10,737$10,737
IX-25 Total functional expensesPrograms $592,077 · Management $4,312 · Fundraising $0$596,389
Part X · Balance sheet $244,596 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $3,511$4,030
X-10c Land, buildings and equipment, netStart of year $334,947$240,566
X-16 Total assetsStart of year $338,458$244,596
X-24 Unsecured notes and loans payableStart of year $745,925$965,104
X-25 Other liabilitiesStart of year $29,538$42,386
X-26 Total liabilitiesStart of year $775,463$1,007,490
X-27 Net assets without donor restrictionsStart of year −$437,005−$762,894
X-32 Total net assets or fund balancesStart of year −$437,005−$762,894
X-33 Total liabilities and net assetsStart of year $338,458$244,596
Part XI · Reconciliation of net assets −$762,894 net assets at year end
XI-1 Total revenue$270,500
XI-2 Total expenses$596,389
XI-3 Revenue less expenses−$325,889
XI-4 Net assets at start of year−$437,005
XI-10 Net assets at end of year−$762,894

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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