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Mortarstone Charitable Tr FY2023 filing

Tax-deductible

Reno, NV501(c)(3)EIN 88-6273927

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Receive and administer contributions and assets exclusively for charitable and educational purposes.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
3 of 3
filings with a surplus
Average surplus $225K a year · 58% 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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.6 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1K
0.2% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 2 voting members
Looks good: 2 of 2 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$708K
+183% vs prior year
Spent
$365K
To programs
99%
Net assets
$592K
By yearFY2022–FY2024
Revenue
$708K
FY2023▲ +183%
Revenue by fiscal year
FY2022$250K
FY2023$708K
FY2024$198K
Expenses
$365K
FY2023
Expenses by fiscal year
FY2022$0
FY2023$365K
FY2024$115K
Net assets
$592K
FY2023▲ +137%
Net assets by fiscal year
FY2022$250K
FY2023$592K
FY2024$675K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
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 Oct 2022.

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% · $360K Management & general 1% · $5K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
David
Thoroughman
$0Pt VII · Sec A
Craig
Rodgers
$0Pt VII · Sec A
See Mortarstone Charitable Tr 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
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Administer donations and assets for charitable and educational causes.

Provided by the organization

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1 program · $360K · in their own filed words · FY2023
01

Coached donors and received contributions for donor-advised fund.

$360Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 12 grants · $166K · 2023–2024
Teach BeyondIL · FY2024$28,600
CruFL · FY2024$16,200
Relevant ChurchFY2024$12,000
Fellowship of Christian AthletesMO · FY2024$8,200
Hill Country Bible ChurchTX · FY2024$7,800
The NavigatorsCO · FY2024$6,200
Hill Country Bible ChurchTX · FY2023$25,000
Reno Christian FellowshipNV · FY2023$20,000
Hosanna ChurchMN · FY2023$18,000
United World Missions INCNC · FY2023$10,000
Fellowship of Christian AthletesMO · FY2023$7,000
Friends of PortugalCA · FY2023$6,813

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$708K
Ln 12
Gifts and grantsLn 1h$695K
Investment incomeLn 3$10K
Other incomeLn 4–11$2K
Money outPt IX
$365K
Ln 25
Programscol B$360K
Managementcol C$5K
Owns and owesPt X
$592K
net assets · Ln 32
Cash and savingsLn 1–2$413K
Total assetsLn 16$593K
LiabilitiesLn 26$1K
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a2
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$695K
Noncash giftsLn 1g$180K
Investment incomeLn 3$10K
Other incomeLn 4–11$2K
Total revenueLn 12$708K
Assets in detailPt X, end of year
CashLn 1$413K
Cash and savings togetherLn 1–2$413K
Land, buildings, equipmentLn 10c$180K
Total assetsLn 16$593K
LiabilitiesLn 26$1K
Net assetsLn 32$592K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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$250K$413K
Land, buildings, equipmentLn 10c$180K
Total assetsLn 16$250K$593K
LiabilitiesLn 26$0$1K
Net assetsLn 32$250K$592K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$360K$360K
Accounting feesLn 11c$2K$0$2K$0
Investment management feesLn 11f$1K$0$1K$0
Office expensesLn 13$36$0$36$0
OccupancyLn 16$1K$0$1K$0
Total functional expensesLn 25$365K$360K$5K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $198K$115K$83K$675K 990 PDF
FY2023 Viewing $708K$365K$342K$592K 990 PDF
FY2022 $250K$0$250K$250K 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 $707,521 across 6 lines filed
VIII-1f All other contributions, gifts and grants$694,952
VIII-1g Noncash contributions (included above)$180,000
VIII-1h Total contributions, gifts and grants$694,952
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$10,069
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $2,500 · Unrelated business $0 · Excluded from tax $0$2,500
VIII-12 Total revenueRelated to mission $12,569 · Unrelated business $0 · Excluded from tax $0$707,521
Part IX · Statement of functional expenses $365,225 across 5 lines filed
IX-1 Grants to domestic organizationsPrograms $359,913$359,913
IX-11c Accounting feesPrograms $0 · Management $2,500 · Fundraising $0$2,500
IX-11f Investment management feesPrograms $0 · Management $1,286 · Fundraising $0$1,286
IX-13 Office expensesPrograms $0 · Management $36 · Fundraising $0$36
IX-16 OccupancyPrograms $0 · Management $1,490 · Fundraising $0$1,490
IX-25 Total functional expensesPrograms $359,913 · Management $5,312 · Fundraising $0$365,225
Part X · Balance sheet $593,296 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $250,000$413,296
X-10c Land, buildings and equipment, net$180,000
X-16 Total assetsStart of year $250,000$593,296
X-26 Total liabilitiesStart of year $0$1,000
X-32 Total net assets or fund balancesStart of year $250,000$592,296
X-33 Total liabilities and net assetsStart of year $250,000$593,296
Part XI · Reconciliation of net assets $592,296 net assets at year end
XI-1 Total revenue$707,521
XI-2 Total expenses$365,225
XI-3 Revenue less expenses$342,296
XI-4 Net assets at start of year$250,000
XI-10 Net assets at end of year$592,296

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

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