Civic Intelligence

Mti Educational Foundation Inc.

990EZ • Fiscal year 2023 • EIN 34-1548910

Jan 01, 2023 to Dec 31, 2023 • Filed on May 15, 2024

321 Highway 76White House, TN 37188

(904) 249-0448

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

58th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

59th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Net Margin

6th percentile

-93%

Higher net margin than 6% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

37th percentile

-6.0%

Faster asset growth than 37% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

8th percentile

-61%

Faster revenue growth than 8% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Assets

Down

$420,848

Down $26,766 (-6.0%) from 2022

Net Assets

Down

$420,848

Down $26,766 (-6.0%) from 2022

Liabilities

Flat

$0

Flat from 2022

Revenue

Down

$43,029

Down $67,264 (-61%) from 2022

Expenses

Up

$83,180

Up $29,047 (+54%) from 2022

Net Income

Down

-$40,151

Down $96,311 (-171%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2014: $159,464Liabilities 2014: $0Net Assets 2014: $159,4642014Assets 2016: $293,362Liabilities 2016: $0Net Assets 2016: $293,3622016Assets 2018: $387,433Liabilities 2018: $0Net Assets 2018: $387,4332018Assets 2019: $410,774Liabilities 2019: $16,044Net Assets 2019: $394,7302019Assets 2020: $407,378Liabilities 2020: $0Net Assets 2020: $407,3782020Assets 2021: $423,313Liabilities 2021: $0Net Assets 2021: $423,3132021Assets 2022: $447,614Liabilities 2022: $0Net Assets 2022: $447,6142022Assets 2023: $420,848Liabilities 2023: $0Net Assets 2023: $420,8482023Assets 2024: $429,301Liabilities 2024: $0Net Assets 2024: $429,3012024

Highlighted filing

2023

Assets$420,848
Liabilities$0
Net Assets$420,848

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KRevenue 2014: $66,105Expenses 2014: $9Net Income 2014: $66,0962014Revenue 2016: $123,419Expenses 2016: $1,569Net Income 2016: $121,8502016Revenue 2018: $129,983Expenses 2018: $36,868Net Income 2018: $93,1152018Revenue 2019: $60,163Expenses 2019: $52,866Net Income 2019: $7,2972019Revenue 2020: $65,281Expenses 2020: $52,633Net Income 2020: $12,6482020Revenue 2021: $60,157Expenses 2021: $44,222Net Income 2021: $15,9352021Revenue 2022: $110,293Expenses 2022: $54,133Net Income 2022: $56,1602022Revenue 2023: $43,029Expenses 2023: $83,180Net Income 2023: -$40,1512023Revenue 2024: $87,039Expenses 2024: $83,168Net Income 2024: $3,8712024

Highlighted filing

2023

Revenue$43,029
Expenses$83,180
Net Income-$40,151
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
May 15, 2024
Return Version
2023v5.0
Gross Receipts
$44,029
Mission and Program Overview

Mission

SEE SCHEDULE O

Program Services

DescriptionGrantsExpenses
THE PROVISION OF FINANCIAL ASSISTANCE TO METAL TREATING INSTITUTE, AND OTHER COMPANIES THAT ARE ENGAGED IN THE BUSINESS OF HEAT TREATING METALS, OR METAL PRODUCTS.-$50,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
BUSTER CROSSLEYChairman-$0--
JAMIE JONESBoard Member-$0--
DOUG GLENNTreasurer-$0--
JOHN VANASBoard Member-$0--
JIM OAKESBoard Member-$0--
TOM MORRISONChief Staff Administration-$0--
JIM ORRBoard Member-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Spring Meeti$35,600$35,600$1,000$34,600
Total Events$35,600$35,600$1,000$34,600
Filing and Contact Details

Filer

Filer Name
Mti Educational Foundation Inc
EIN
34-1548910
Address
321 HIGHWAY 76, WHITE HOUSE, TN 37188

Signing Officer

Name
Tom Morrison
Title
Chief Administr
Phone
9042490448
Signed
2024-05-15
Discuss with paid preparer
Yes

Preparer

Firm
Bellenfant Pllc
Address
2919 BERRY HILL DR, NASHVILLE, TN 37204
Preparer
John Bellenfant CPA
Phone
6153708700
Supplemental Narrative

Additional Explanations

General explanation attachment

Part iii, organizations primary exempt purposethe provision of financial assistance to metal treating institute, and other companies that are engaged in the business of heat treating metals, or metal products.

Description of other expenses Part I line 16

Description amountbank fees 580internet/website access fee 615foundation scholarships 50,000insurance 857supplies 129

Other changes in net assets or fund balances Part I line 20

Description amountunrealized gain 14,385prior period adjustment (1,000)

Description of other assets Part II line 24

Category beginning of year end of yearaccounts receivable 3,000 1,000

Raw XML Appendix177 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PART III, ORGANIZATIONS PRIMARY EXEMPT PURPOSETHE PROVISION OF FINANCIAL ASSISTANCE TO METAL TREATING INSTITUTE, AND OTHER COMPANIES THAT ARE ENGAGED IN THE BUSINESS OF HEAT TREATING METALS, OR METAL PRODUCTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DESCRIPTION AMOUNTBANK FEES 580INTERNET/WEBSITE ACCESS FEE 615FOUNDATION SCHOLARSHIPS 50,000INSURANCE 857SUPPLIES 129
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DESCRIPTION AMOUNTUNREALIZED GAIN 14,385PRIOR PERIOD ADJUSTMENT (1,000)
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ReturnHeader/TaxPeriodBeginDt02023-01-01
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