Civic Intelligence

Matter

990 • Fiscal year 2019 • EIN 37-1441658

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 05, 2020

7005 Oxford StreetSt Louis Park, MN 55426

(952) 500-8652

Siviq Scores

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

Liabilities / Assets

17th percentile

0.02x

Higher debt load relative to assets than 17% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

5th percentile

0.01x

Higher debt load relative to revenue than 5% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

65th percentile

8.2%

Higher net margin than 65% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

17th percentile

$128,750

Higher top officer pay than 17% of similar nonprofits.

Top officer pay equals 0.4% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

94th percentile

45%

Faster asset growth than 94% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

89th percentile

43%

Faster revenue growth than 89% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Up

$7,175,513

Up $2,233,207 (+45%) from 2018

Net Assets

Up

$7,020,198

Up $2,360,601 (+51%) from 2018

Liabilities

Down

$155,315

Down $127,394 (-45%) from 2018

Revenue

Up

$28,710,676

Up $8,632,354 (+43%) from 2018

Expenses

Up

$26,350,075

Up $2,729,102 (+12%) from 2018

Net Income

Up

$2,360,601

Up $5,903,252 (+167%) from 2018

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $3,441,400Liabilities 2010: $377,262Net Assets 2010: $3,064,1382010Assets 2011: $3,545,676Liabilities 2011: $699,159Net Assets 2011: $2,846,5172011Assets 2018: $4,942,306Liabilities 2018: $282,709Net Assets 2018: $4,659,5972018Assets 2019: $7,175,513Liabilities 2019: $155,315Net Assets 2019: $7,020,1982019Assets 2020: $5,978,420Liabilities 2020: $304,100Net Assets 2020: $5,674,3202020Assets 2021: $9,339,640Liabilities 2021: $466,682Net Assets 2021: $8,872,9582021Assets 2022: $13,588,802Liabilities 2022: $1,174,061Net Assets 2022: $12,414,7412022Assets 2023: $12,834,310Liabilities 2023: $1,103,851Net Assets 2023: $11,730,4592023Assets 2024: $21,181,290Liabilities 2024: $1,354,824Net Assets 2024: $19,826,4662024

Highlighted filing

2019

Assets$7,175,513
Liabilities$155,315
Net Assets$7,020,198

Operations Trend

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

$60M$40M$20M$0-$20MExpenses 2010: $25,380,2532010Expenses 2011: $22,364,7792011Revenue 2018: $20,078,322Expenses 2018: $23,620,973Net Income 2018: -$3,542,6512018Revenue 2019: $28,710,676Expenses 2019: $26,350,075Net Income 2019: $2,360,6012019Revenue 2020: $35,521,970Expenses 2020: $36,867,847Net Income 2020: -$1,345,8772020Revenue 2021: $45,679,354Expenses 2021: $42,480,716Net Income 2021: $3,198,6382021Revenue 2022: $43,565,077Expenses 2022: $39,964,233Net Income 2022: $3,600,8442022Revenue 2023: $34,986,952Expenses 2023: $35,671,234Net Income 2023: -$684,2822023Revenue 2024: $54,879,375Expenses 2024: $46,783,368Net Income 2024: $8,096,0072024

Highlighted filing

2019

Revenue$28,710,676
Expenses$26,350,075
Net Income$2,360,601
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 5, 2020
Return Version
2019v5.1
Gross Receipts
$28,798,165
Mission and Program Overview

Mission

Matter is on a mission to move people forward by eliminating barriers to a healthier life.

Matter is a minnesota-based global health nonprofit on a mission to expand access to health next

Balance Sheet Detail
LineBeginningEndChange
Assets
Inventories for Sale or Use$3,704,193$6,415,086▲ $2,710,893
Cash and Non-Interest-Bearing Accounts$566,911$641,611▲ $74,700
Other Notes and Loans Receivable, Net$128,153$0▼ $128,153
Land, Buildings, and Equipment, Net$95,563$73,820▼ $21,743
Pledges and Grants Receivable$443,571$44,996▼ $398,575
Prepaid Expenses and Deferred Charges$3,915$0▼ $3,915
Total Assets$4,942,306$7,175,513▲ $2,233,207
Liabilities
Accounts Payable and Accrued Expenses$119,228$119,218▼ $10
Mortgage Notes Payable Secured by Investment Property$116,624$0▼ $116,624
Other Liabilities$46,857$36,097▼ $10,760
Total Liabilities$282,709$155,315▼ $127,394
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,848,118$6,432,941▲ $2,584,823
Net Assets With Donor Restrictions$811,479$587,257▼ $224,222
Total Net Assets Fund Balance$4,659,597$7,020,198▲ $2,360,601
Total Liabilities and Net Assets / Fund Balance$4,942,306$7,175,513▲ $2,233,207

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$57,632$79,269$136,901
Leasehold Improvements$16,188$90,465$106,653
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Quenton MartyPresidentFT$125,000$3,750$128,750
Jeremy NewhouseSenior VP of OperationsFT$113,000$3,390$116,390
Victor SalamoneVP of Business OperationsFT$113,000$3,390$116,390

Board Members and Trustees

NameTitle
Casey CarlBoard Chair
Chipo MtasaBoard Member
Derrick JohnsonBoard Member
Devin DoyleBoard Member
Dr Christopher TashjianBoard Member
Ellie ZuehlkeBoard Member
Jessica RoeBoard Member
Mark PlettsBoard Member
Michael AckmannBoard Member
Mike TamteBoard Member
Pete GoddardBoard Member
Shelly NelsonBoard Member
Steve RyanBoard Member
Tami HedrickBoard Member
Michael OlsonPast Treasurer
Amanda EscenSecretary
Jay DeverellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$27,781,310
Program Service Revenue
$426,679
Investment Income
$1,417
Other Revenue
$501,270
All Other Contributions
$27,478,200
Change in Net Assets
$2,360,601

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Drugs and Medical Supplies-$25,286,800Wholesale Value
Other Non Cash Contri Table5$50,016Fair Market Value
Other Non Cash Contri Table3$13,400Internet Price Searc
Clothing and Household Goods-$4,375Wholesale Value
Total Noncash Contributions8$25,354,591-

Audited Revenue Reconciliation

Revenue per Audited Statements
$28,710,676
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$74,069
Total Revenue per Audited Statements
$28,784,745
Total Revenue per Form 990
$28,710,676
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$23,589,946
Other Expenses$1,465,988
Salaries, Compensation, and Employee Benefits$1,294,141
Total Fundraising Expense$441,005
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$13,071,150--$13,071,150
Foreign Grants$10,518,796--$10,518,796
Other Salaries and Wages$435,329$203,159$149,866$788,354
Current Officers, Directors, Trustees, and Key Employees$193,822$90,453$66,725$351,000
Travel$117,517$454$91,563$209,534
Occupancy$176,126$10,882$9,785$196,793
Office Expenses$119,379$8,385$12,930$140,694
Fees for Services Other$36,190$29,383$21,353$86,926
Payroll Taxes$47,704$22,262$16,422$86,388
Fees for Services Legal$17,940$40,342$10,585$68,867
Other Employee Benefits$28,383$31,137$8,879$68,399
Depreciation Depletion-$30,605-$30,605
Insurance-$21,197-$21,197
Fees for Services Accounting$5,217$11,730$3,078$20,025
Interest$174$1,400$8,612$10,186
Other Expenses$1,684$2,005$5,795$9,484
All Other Expenses$4,962$2,617$1,691$9,270
Total Functional Expenses$25,402,785$506,285$441,005$26,350,075

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$26,424,144
Expenses per Audited Statements$26,350,075
Total Expenses per Form 990$26,350,075
Expenses Not Reported on Form 990$74,069
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Sanneh FoundationSt Paul, MN501(c)(3)Youth Development, Camps$20,487
Hope ChurchBlaine, MN501(c)(3)Community Outreach$10,000
Groveland Emergency FoodMinneapolis, MN501(c)(3)Community Outreach$7,521
Insports FoundationChanhassen, MN501(c)(3)Nutrition & Health Education$5,000
A-vu MediaMinnetonka, MN501(c)(3)REIMBURSING ORGANIZATION FOR SUPPLIES AND WORK DONE ON MATTER'S BEHALF-
Brooklyn Center High SchoolBrooklyn Center, MNHigh SchoolFood Education for Student Athletes-
Brooklyn Park High SchoolBrooklyn Center, MNHigh SchoolSchool Basket Ball Program-
Globus ReliefSalt Lake City, UT-Donation of Medical Supplies-
Mad Dads MinneapolisMinneapolis, MN501(c)(3)Community Outreach-
Starkey Hearing FoundationMinneapolis, MN501(c)(3)2019 Summer Sounds Annual Benefit Concert-
The Food GroupNew Hope, MN501(c)(3)Fiscal Agent for Event-
The Sanneh FoundationSt Paul, MN501(c)(3)Gala Contribution-

International Summary

Offices
0
Employees
0
Spending
$10,518,796

International Compliance

Foreign grant records maintained
No
Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan AfricaProgram Servicesprogram Servicesprogram ServicesDonation of Medical, School, Agricultural & Personal Supplies00$7,165,161
Central America and the CaribbeanProgram ServicesDonation of Medical, School, Agricultural & Personal Supplies00$3,316,035
South AmericaProgram ServicesDonation of Medical, School, Agricultural & Personal Supplies00$37,600
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$281,788
Fundraising Direct Expenses$87,489
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gorgui Dieng Fundraiser$234,561$234,561$24,118$210,443
Gala$294,407$3,375$25,873$-22,498
Total Events$572,820$281,788$87,489$194,299
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-ENTITY OWNED GREATER THAN 5% BY A FORMER AND CURRENT BOARD MEMBERLease Office SpaceNo$180,574
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liability$36,097
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

(a) name of interested person: oxford industrial limited partnership c/o wildamere capital management, llc (b) relationship between interested person and organization: entity owned greater than 5% by dennis doyle, former board member and devin doyle, current board member (d) description of transaction: lease office space

Form 990, Part VI, Section B, Line 11B

The form 990 is reviewed and approved by the finance committee. This is followed by a review and approval by the board of directors.

Form 990, Part VI, Section B, Line 12C

The president monitors and enforces the policy. Disclosure of interests that could give rise to conflicts for board members is requested annually.

Form 990, Part VI, Section B, Line 15

The process for determining compensation includes a review and approval by the finance committee. Compensation is based on the employee's experience, comparability data from other organizations in the market, and matter's budget. Compensation undergoes an annual review as part of a performance assessment process. Increases in compensation are based upon performance, predetermined budget, and available funds.

Form 990, Part VI, Section C, Line 19

The conflict of interest policy, financial statements, and other governing documents are made available upon request.

Filing and Contact Details

Filer

Filer Name
Matter
EIN
37-1441658
Phone
9525008652
Address
7005 OXFORD STREET, ST LOUIS PARK, MN 55426

Signing Officer

Name
Quenton Marty
Title
President
Phone
9525008652
Signed
2020-11-05

Organization Details

Principal Officer
Quenton Marty
Formed
2002
Legal Domicile
Mn
Voting Board Members
17
Independent Board Members
16
Employees
23
Volunteers
6,523

Preparer

Firm
Smith Schafer & Associates Ltd
Address
7500 HIGHWAY 55 SUITE 350, MINNEAPOLIS, MN 55427
Preparer
Jason C Miller
Phone
9529201455
Supplemental Narrative

Financial Statement Notes

PART X, LINE 2:

Management has determined that the organization does not have any uncertain tax positions and associated unrecognized benefits that materially impact the financial statements or related disclosures.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Fundraising 22,419. Gain on sale -350.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Fundraising 22,419. Gain on sale -350.

Raw XML AppendixShowing 400 of 811 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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IRS990/Desc0MATTER HELPS HOSPITALS REDUCE LANDFILL MEDICAL WASTE BY REPURPOSING MEDICAL EQUIPMENT AND SUPPLIES. THIS IS BEING ACCOMPLISHED THROUGH THE MATTER 360 MODEL OF DISTRIBUTION TO HOSPITAL AND CLINIC PARTNERS, RESALE AND RECYCLING. IN 2019, OVER ONE MILLION POUNDS WERE REPURPOSED. INTERNATIONALLY, MATTER ADDRESSES BARRIERS TO HEALTH BY GIVING HOSPITALS AND CLINICS THE TOOLS NEEDED TO CARE FOR PATIENTS IN DIGNIFIED WAYS. WE SOURCE, ALLOCATE, AND SHIP LIFE-SAVING MEDICAL SUPPLIES AND EQUIPMENT TO PARTNERS WHO LACK QUALITY HEALTHCARE ON THE FRONT LINES OF SCARCITY. MATTER PARTNERS WITH GOVERNMENTS AND ORGANIZATIONS TO ASSESS HEALTHCARE FACILITIES AND PROCURES AND SHIPS THE EQUIPMENT & SUPPLIES NEEDED TO SUSTAIN PROGRAMS, IMPROVE THE HEALTH OF THE COMMUNITY, AND SAVE LIVES. IN 2019, MATTER WORKED WITH 51 PARTNER ORGANIZATIONS IN 21 COUNTRIES, IMPACTING OVER 1.9 MILLION PEOPLE VIA THE H&C PROGRAM.
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IRS990/Form990PartVIISectionAGrp/PersonNm10MICHAEL OLSON
IRS990/Form990PartVIISectionAGrp/PersonNm11MARK PLETTS
IRS990/Form990PartVIISectionAGrp/PersonNm12JESSICA ROE
IRS990/Form990PartVIISectionAGrp/PersonNm13STEVE RYAN
IRS990/Form990PartVIISectionAGrp/PersonNm14MIKE TAMTE
IRS990/Form990PartVIISectionAGrp/PersonNm15DR CHRISTOPHER TASHJIAN
IRS990/Form990PartVIISectionAGrp/PersonNm16ELLIE ZUEHLKE
IRS990/Form990PartVIISectionAGrp/PersonNm17QUENTON MARTY
IRS990/Form990PartVIISectionAGrp/PersonNm18JEREMY NEWHOUSE
IRS990/Form990PartVIISectionAGrp/PersonNm19VICTOR SALAMONE
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IRS990/Form990PartVIISectionAGrp/TitleTxt0BOARD MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10PAST TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt15BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt18SENIOR VP OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP OF BUSINESS OPERATIONS
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IRS990/MissionDesc0MATTER IS ON A MISSION TO MOVE PEOPLE FORWARD BY ELIMINATING BARRIERS TO A HEALTHIER LIFE.
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IRS990/ProgramServiceRevenueGrp/BusinessCd1110000
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IRS990/ProgramServiceRevenueGrp/Desc0HOSPITAL & CLINICS
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IRS990/ProgSrvcAccomActy2Grp/Desc0LOCALLY, MATTER ACTIVATES HEALTHY EATING FOR KIDS AND FAMILIES IN MINNESOTA AND AROUND THE U.S. VIA THE MATTERBOX PROGRAM, AN INNOVATIVE SOLUTION TO HEALTHY FOOD ACCESS AND NUTRITION EDUCATION. MATTERBOX ADDRESSES THE GROWING NEED FOR HEALTHY EATING EDUCATION, ESPECIALLY IN COMMUNITIES WHERE POVERTY AND FOOD DESERTS PERSIST. EACH BOX IS AN INTENTIONALLY PROCURED MEAL KIT THAT GIVES A DIGNIFIED EXPERIENCE OF HEALTHIER EATING, AS WELL AS RECIPES, CHALLENGES, TOOLS AND TIPS FOR BUILDING SUSTAINABLE EATING HABITS. MATTERBOX IS NOT ONLY AN IMMEDIATE RESPONSE TO HUNGER, BUT ALSO A CHANNEL FOR CREATING NEW, HEALTHY LIFESTYLE HABITS, PROMOTING LONG TERM CHANGE. IN 2019, MATTER WORKED WITH 66 LOCAL PARTNER ORGANIZATIONS, IMPACTING 139,560 PEOPLE VIA THE MATTERBOX PROGRAM - AS WELL AS OVER 6,000 VOLUNTEERS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01079887
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0584202
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt05358
IRS990/ProgSrvcAccomActy3Grp/Desc0MATTER DESIGNS SOLUTIONS TO CREATE RESILIENT AND DIVERSIFIED FARMS AROUND THE WORLD. FROM THE DEVELOPMENT OF SUSTAINABLE FARM DESIGNS TO SOURCING AND REPURPOSING FARMING EQUIPMENT IN THE U.S. AND FARM IMPLEMENTATION, MATTER PARTNERS WITH INTERNATIONAL ORGANIZATIONS TO PROVIDE FARMERS WITH THE EQUIPMENT, SUPPLIES, AND PRACTICES NEEDED TO EFFICIENTLY SUSTAIN AND INCREASE YIELDS AND PROFITABILITY. PARTICIPATING FARMERS AND COMMUNITIES RECEIVE MATERIALS IN MODULAR INCREMENTS, CUSTOMIZED TO THE SIZE OF THE OPERATION, CROPS, SOIL AND WEATHER.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0163847
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt048100
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt085829
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