2023-07-31T11:45:28-05:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 600 3RD AVENUE SE SUITE 300 CEDAR RAPIDS IA 52401 990 2022-01-01 260467321 MATTHEW 25 MATT 3193622214 201 3RD AVE SW CEDAR RAPIDS IA 52404 CLINT TWEDT-BALL EXECUTIVE DIRECTOR 3193622214 2023-07-28 1 CLINT TWEDT-BALL 999009999 0 DAVID LITTLE P01480921 3193632697 2023-07-28 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z CLINT TWEDT-BALL 201 3RD AVE SW CEDAR RAPIDS IA 52404 2934423 0 X WWW.HUB25.ORG X 2007 IA MATTHEW 25 IMPROVES THE HEALTH OF PEOPLE AND NEIGHBORHOODS BY INVESTING IN QUALITY AFFORDABLE HOUSING, HEALTHY FOOD, EDUCATIONAL OPPORTUNITIES, AND COMMUNITY BUILDING. 12 12 59 530 0 0 3418473 2389368 241407 317756 4455 38507 52847 0 3717182 2745631 1104108 1134241 0 0 775201 1075982 0 0 115471 734869 877997 2614178 3088220 1103004 -342589 5226291 5031258 758392 906585 4467899 4124673 X VISION- MATTHEW 25 ENVISIONS THRIVING, CONNECTED COMMUNITIES WITH SHARING ECONOMIES, WHERE PEOPLE ARE VALUED, TALENTS ARE MULTIPLIED, AND NEIGHBORS LIVE HEALTHY, NOURISHED LIVES FULL OF OPPORTUNITY. 1 0 1780515 1134241 117572 NEIGHBORHOOD BUILDING REVITALIZES COMMUNITIES BY ENCOURAGING NEIGHBORS TO DREAM OF POSSIBILITIES, ORGANIZING SUSTAINABLE REINVESTMENT AND SOUND PUBLIC POLICY IN TARGETED NEIGHBORHOODS AND PROVIDING A SHARED NETWORK OF TOOLS AND RESOURCES.DURING 2022, MATTHEW 25 ACCOMPLISHED THE FOLLOWING NEIGHBORHOOD BUILDING GOALS:-REHABILITATED 215 HOMES, USING 4,453.75 HOURS OF VOLUNTEER LABOR. -RENTED 17 UNITS OF QUALITY, AFFORDABLE HOUSING.-CHECKED OUT TOOLS TO 148 INDIVIDUALS. 711639 200184 CULTIVATE HOPE EXPANDS HEALTHY FOOD CULTURE FOR ALL THROUGH HANDS-ON GROWING, SHARING AND LEARNING ACTIVITIES. THE PROGRAM'S GOALS ARE TO GROW HEALTHY FOOD, RESOURCES AND COMMUNITY SPIRIT, AND TO LEARN ABOUT LOCAL FOODS, FOOD PRODUCTION AND HEALTHY BEHAVIORS. DURING 2022, MATTHEW 25 ACCOMPLISHED THE FOLLOWING CULTIVATE HOPE GOALS:-WE GAVE AWAY 4,746 PAY-IT-FORWARD, FREE OR REDUCED COST MEALS THROUGH GROUNDSWELL CAFE, $21,477 WORTH OF FRESH FOOD THROUGH THE CULTIVATE HOPE CORNER STORE AND PROVIDED REDUCED COST PRODUCE TO 41 PEOPLE THROUGH THE FARM FRESH FRIENDS PROGRAM. -PROVIDED LAND TO 29 COMMUNITY GARDENERS. -SUPPORTED 30 LOCAL PRODUCERS IN SELLING THEIR PRODUCTS.-TAUGHT 270 YOUTH AND ADULTS ABOUT HEALTHY FOODS THROUGH EDUCATIONAL CLASSES. 20471 COMMUNITY BUILDING CONNECTS NEIGHBORS AND COMMUNITY MEMBERS IN ORDER TO INCREASE SOCIAL COHESION, HAPPINESS AND PUBLIC SAFETY IN NEIGHBORHOODS.DURING 2022, MATTHEW 25 ACCOMPLISHED THE FOLLOWING COMMUNITY BUILDING GOALS:-HIRED OUR FIRST COMMUNITY BUILDING DIRECTOR IN NOVEMBER.-CARRIED OUT 3 ONE-ON-ONE CONVERSATIONS GETTING TO KNOW THE GIFTS AND TALENTS OF OUR NEIGHBORS.-CURATED 19 COMMUNITY EVENTS THAT DREW 1400 NEIGHBORS TOGETHER. -ENGAGED 580 PEOPLE IN 6,701 HOURS OF VOLUNTEER WORK THAT STRENGTHENED NEIGHBORHOODS. 2512625 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 59 1 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 IL MI MN WI FL X CLINT TWEDT-BALL 3193622214 201 3RD AVE SW CEDAR RAPIDS IA 52404 HEIFNER JONATHAN PRESIDENT 3.00 X X 0 0 0 RYAN JACOB TREASURER 3.00 X X 0 0 0 DAY THOMAS SECRETARY 3.00 X X 0 0 0 ANDERSON RYAN BOARD MEMBER 1.00 X 0 0 0 BARND MATTHEW BOARD MEMBER 1.00 X 0 0 0 BAXTER DAN BOARD MEMBER 1.00 X 0 0 0 HAYES HEATHER BOARD MEMBER 1.00 X 0 0 0 HILL-DAVIS NANCY BOARD MEMBER 1.00 X 0 0 0 OSWOOD TYLER BOARD MEMBER 1.00 X 0 0 0 RYAN KENT TERM ENDED 52022 BOARD MEMBER 1.00 X 0 0 0 SCHNEEKLOTH TOM BOARD MEMBER 1.00 X 0 0 0 SPORE JULIE BOARD MEMBER 1.00 X 0 0 0 STOLTENBERG DAVE BOARD MEMBER 1.00 X 0 0 0 TWEDT-BALL CLINT EXECUTIVE DIRECTOR 40.00 X 77750 0 11974 WASTA JOHN DIRECTOR OF FINANCE 40.00 X 59777 0 2300 137527 0 14274 0 0 0 0 0 126521 1391349 871498 16314 2389368 PROGRAM SERVICE REVENU 561700 317756 317756 317756 5237 5237 222062 188792 33270 33270 33270 2745631 317756 0 38507 1134241 1134241 138894 106949 19445 12500 774479 652868 59251 62360 24600 18942 3444 2214 70696 53750 11027 5919 67313 51831 9424 6058 1440 1310 122 8 64777 58910 5483 384 68507 61374 7133 24611 22288 782 1541 156836 117158 23461 16217 170580 133574 37006 14142 8116 6024 2 4318 3504 814 25195 14919 10276 235886 71001 164885 70628 31589 39039 EQUIPMENT RENT & MAINT 30461 29424 678 359 MEMBERSHIP & DUES 1777 918 600 259 8839 1333 6989 517 3088220 2512625 460124 115471 627728 579457 1115866 1171025 591844 260905 3915 35574 38491 40606 4006920 1107552 2803976 2899368 44471 44323 5226291 5031258 70681 147242 687711 759343 758392 906585 X 3702152 3707229 765747 417444 4467899 4124673 5226291 5031258 X -342589 -637 X X 0 1 X 1 0 X 407198 580661 2263361 3418473 2389368 9059061 407198 580661 2263361 3418473 2389368 9059061 220460 8838601 485 2809 75 5880 5237 14486 10580 9130 45266 64976 9138523 1550851 0.96720 0.94130 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: GROSS INCOME FROM SPECIAL EVENTS - 2018 AMOUNT: $ 10,580. 2019 AMOUNT: $ 9,130. MISCELLANEOUS REVENUE - 2021 AMOUNT: $ 45,266. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 179160 58341 237501 1164757 2017666 827276 2355147 387786 146328 241458 199210 133948 65262 2899368 X 3064547 26329 7 26336 3038211 -292580 -292580 2745631 3407773 26329 293224 319553 3088220 0 3088220 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND A SIMILAR SECTION OF THE IOWA INCOME TAX LAW, WHICH PROVIDES INCOME TAX EXEMPTION FOR CORPORATIONS ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, OR EDUCATIONAL PURPOSES. THE INTERNAL REVENUE SERVICE HAS NOT CLASSIFIED THE ORGANIZATION AS A PRIVATE FOUNDATION. THE ORGANIZATION FILES INFORMATION RETURNS IN THE U.S. FEDERAL JURISDICTION. THE ORGANIZATION FOLLOWS THE STANDARD FOR EVALUATING UNCERTAIN TAX POSITIONS AND HAS DETERMINED THAT IT WAS NOT REQUIRED TO RECORD A LIABILITY RELATED TO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 7. PART XI, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -292,580. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION ON CAPITALIZED DONATED SERVICES 644. COST OF GOODS SOLD 292,580. 1 HOME REPAIR AND MAINTENANCE ASSISTANCE TO HOME OWNERS DURING TRANSFORM WEEKS 35 20859 HOME REPAIR ASSISTANCE TO HOME OWNERS IMPACTED BY THE 2020 DERECHO. 180 1113382 PART I, LINE 2: DERECHO RECOVERY ASSISTANCE WAS PRIMARILY THROUGH THE PROVIDING ASSISTANCE TO COMMUNITY HOMEOWNERS (PATCH) PROGRAM. PATCH IS A COLLABORATION OF MULTIPLE NON-PROFIT AND GOVERNMENTAL AGENCIES, INCLUDING MULTIPLE PUBLIC AND PRIVATE FUNDING ENTITIES. FOLLOWING HOMEOWNER APPLICATION, QUALIFICATION AND APPROVAL, MATTHEW 25 DEVELOPS SCOPES OF WORK FOR CONSTRUCTIONS ISSUES, OVERSEES CONSTRUCTION, AND IS REIMBURSED FOR OUR EXPENSES. TRANSFORM IS A PROGRAM OF MATTHEW 25, WORKING TO REVITALIZE TARGET NEIGHBORHOODS. HOMEOWNERS WHO APPLY AND MEET THE PROGRAM GUIDELINES ARE ASSISTED WITH HOUSING REHABILITATION THROUGH A COMBINATION OF VOLUNTEER AND CONTRACTOR WORK. FORM 990, PART III, LINE 2 COMMUNITY BUILDING CONNECTS NEIGHBORS AND COMMUNITY MEMBERS IN ORDER TO INCREASE SOCIAL COHESION, HAPPINESS AND PUBLIC SAFETY IN NEIGHBORHOODS. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY, BY A MAJORITY VOTE OF ITS MEMBERS, DESIGNATE AN EXECUTIVE COMMITTEE CONSISTING OF FOUR (4) DIRECTORS AND MAY DELEGATE TO SUCH COMMITTEES THE POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS IN THE MANAGEMENT OF THE BUSINESS AND AFFAIRS OF THE CORPORATION, TO THE EXTENT PERMITTED, AND EXCEPT AS MAY OTHERWISE BE PROVIDED, BY PROVISIONS OF LAW. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. COPIES OF THE COMPLETED DRAFT FORM 990 (INCLUDING REQUIRED SCHEDULES) WILL BE DISTRIBUTED TO THE ADMINISTRATIVE/FINANCE COMMITTEE FOR REVIEW AND APPROVAL. ANY QUESTIONS OR CONCERNS WILL BE NOTED AND ADDRESSED, WITH ANY NECESSARY CHANGES BEING INCORPORATED IN THE FORM 990 AS APPROPRIATE. THE UPDATED DRAFT OF THE FORM 990 (INCLUDING REQUIRED SCHEDULES) WILL BE DISTRIBUTED TO EVERY VOTING MEMBER OF THE BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER, COMMITTEE MEMBER, AND EMPLOYEE SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSON: HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, HAS READ AND UNDERSTANDS THE POLICY, HAS AGREED TO COMPLY WITH THE POLICY, AND UNDERSTANDS MATTHEW 25 IS CHARITABLE AND IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. MATTHEW 25 ALSO CONDUCTS PERIODIC REVIEWS TO ENSURE COMPLIANCE. ANY CONFLICTS THAT EXIST WILL BE NOTED IN THE MINUTES. IF A CONFLICT DOES ARISE AND IT IS APPROPRIATE A COMMITTEE OF DISINTERESTED PERSONS MAY BE ESTABLISHED TO INVESTIGATE ALTERNATIVES. IF A MORE ADVANTAGES TRANSACTION THAT DOES NOT CAUSE A CONFLICT OF INTEREST CAN BE LOCATED THROUGH REASONABLE EFFORTS IT WILL BE PURSUED AS A VIABLE OPTION. THE CONFLICTED PARTY WILL NOT VOTE ON THE CONFLICTED TRANSACTION AND WILL LEAVE THE MEETING DURING ANY DISCUSSION ON THE TOPIC. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION OF THE EXECUTIVE DIRECTOR SHALL BE PERIODICALLY REVIEWED BY THE EXECUTIVE COMMITTEE TO DETERMINE WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE, BASED ON COMPETENT SURVEY INFORMATION, AND THE RESULT OF ARM'S LENGTH BARGAINING. SALARY RECOMMENDATIONS ARE TAKEN TO THE BOARD FOR APPROVAL. THE REVIEW PROCESS WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: DEPRECIATION ON CAPITALIZED DONATED SERVICES -644. CHANGE IN BENEFICIAL INTEREST IN ASSETS HELD BY COMMUNITY FOUNDATION 7. FORM 990, PART XII, LINE 2C: THERE WERE NO CHANGES TO THE PROCEDURES USED BY THE AUDIT OVERSIGHT COMMITTEE.