Civic Intelligence

Matter

990 • Fiscal year 2020 • EIN 37-1441658

Jan 01, 2020 to Dec 31, 2020 • Filed on Sep 07, 2021

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

24th percentile

0.05x

Higher debt load relative to assets than 24% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

6th percentile

0.01x

Higher debt load relative to revenue than 6% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

25th percentile

-3.8%

Higher net margin than 25% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

19th percentile

$137,532

Higher top officer pay than 19% of similar nonprofits.

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

3rd percentile

-17%

Faster asset growth than 3% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

80th percentile

24%

Faster revenue growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Assets

Down

$5,978,420

Down $1,197,093 (-17%) from 2019

Net Assets

Down

$5,674,320

Down $1,345,878 (-19%) from 2019

Liabilities

Up

$304,100

Up $148,785 (+96%) from 2019

Revenue

Up

$35,521,970

Up $6,811,294 (+24%) from 2019

Expenses

Up

$36,867,847

Up $10,517,772 (+40%) from 2019

Net Income

Down

-$1,345,877

Down $3,706,478 (-157%) from 2019

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

2020

Assets$5,978,420
Liabilities$304,100
Net Assets$5,674,320

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

2020

Revenue$35,521,970
Expenses$36,867,847
Net Income-$1,345,877
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Sep 7, 2021
Return Version
2020v4.1
Gross Receipts
$35,590,897
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$6,415,086$4,593,787▼ $1,821,299
Cash and Non-Interest-Bearing Accounts$641,611$1,135,009▲ $493,398
Pledges and Grants Receivable$44,996$180,769▲ $135,773
Land, Buildings, and Equipment, Net$73,820$46,661▼ $27,159
Accounts Receivable$0$18,586▲ $18,586
Prepaid Expenses and Deferred Charges$0$3,608▲ $3,608
Total Assets$7,175,513$5,978,420▼ $1,197,093
Liabilities
Mortgage Notes Payable Secured by Investment Property$0$147,614▲ $147,614
Accounts Payable and Accrued Expenses$119,218$126,186▲ $6,968
Other Liabilities$36,097$30,300▼ $5,797
Total Liabilities$155,315$304,100▲ $148,785
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$6,432,941$5,119,848▼ $1,313,093
Net Assets With Donor Restrictions$587,257$554,472▼ $32,785
Total Net Assets Fund Balance$7,020,198$5,674,320▼ $1,345,878
Total Liabilities and Net Assets / Fund Balance$7,175,513$5,978,420▼ $1,197,093

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,042$111,859$136,901
Leasehold Improvements$21,619$85,034$106,653
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Quenton MartyPresidentFT$133,500$4,032$137,532
Jeremy NewhouseSenior VP of OperationsFT$122,327$3,697$126,024
Victor SalamoneVP of Business OperationsFT$114,000$3,420$117,420
Joel AndersonMedical Program DirectorFT$108,536$3,274$111,810

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$34,084,285
Program Service Revenue
$485,696
Investment Income
$5,726
Other Revenue
$946,263
All Other Contributions
$33,903,079
Change in Net Assets
$-1,345,877

Noncash Contribution Practices

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

Noncash Contributions

Contribution TypeReported AmountValuation Method
Drugs and Medical Supplies$31,232,450Wholesale Value
Total Noncash Contributions$31,232,450-

Audited Revenue Reconciliation

Revenue per Audited Statements
$35,503,384
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$60,082
Total Revenue per Audited Statements
$35,563,466
Total Revenue per Form 990
$35,503,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$34,265,163
Salaries, Compensation, and Employee Benefits$1,360,960
Other Expenses$1,241,724
Total Fundraising Expense$236,673
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$23,184,495--$23,184,495
Foreign Grants$11,080,668--$11,080,668
Other Salaries and Wages$449,527$203,949$69,662$723,138
Current Officers, Directors, Trustees, and Key Employees$297,367$134,914$46,082$478,363
Occupancy$192,698$3,736$9,782$206,216
Office Expenses-$60,221$52,228$112,449
Payroll Taxes$56,091$25,448$8,692$90,231
Travel$40,832$2,154$33,347$76,333
Other Employee Benefits$36,800$25,528$6,900$69,228
Fees for Services Other$12,912$33,304$705$46,921
Depreciation Depletion-$27,160-$27,160
Insurance-$26,713-$26,713
Fees for Services Accounting$4,422$11,406$241$16,069
Other Expenses$4,853$2,443$6,409$6,409
Fees for Services Legal$979$2,526$53$3,558
All Other Expenses$513$2,065$134$2,712
Interest-$14$89$103
Total Functional Expenses$36,068,767$562,407$236,673$36,867,847

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$36,927,930
Expenses per Audited Statements$36,867,848
Total Expenses per Form 990$36,867,848
Expenses Not Reported on Form 990$60,082
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Love for AfricaMinnetonka, MN-To Further Zimbabwe Medical Projects and Innovation Hub Centers$621,145
The Luol Deng Foundation--To Fund Luol Deng Projects$105,342
Bayat FoundationPonte Vedra, FL, Sg-To Start Construction of Mih Facility in Afghanistan$100,600
Gorgui Dieng FoundationHighland, IN, Zi-To Further Medical and Food Relief in Senegal$100,503
A-vu MediaSt Paul, MN-To Further Telecommunications in Africa$16,576
Pique Travel DesignsMinneapolis, MN-Facilitate Travel for People Transporting Medical Equipment to Africa$15,000
Living With HopeExcelsior, MN-For Wheelchair Accessibility Around South Sudan$14,934
UMN MASONIC CHILDREN'S--Grant for Cooking Utensils, Aporns, Etc.$7,750
The Sanneh Foundation--FOR PARTNER ORGANIZATION'S GALA$5,000

International Summary

Offices
0
Employees
0
Spending
$11,080,668

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 ServicesDonation of Medical, School, Agricultural & Personal Supplies00$5,022,579
Central America and CarribeanProgram Servicesprogram Servicesprogram ServicesDonation of Medical, School, Agricultural & Personal Supplies00$3,199,478
Russia and Neighboring StatesProgram ServicesDonation of Medical, School, Agricultural & Personal Supplies00$1,743,171
South AsiaProgram ServicesDonation of Medical, School, Agricultural & Personal Supplies00$622,380
ChinaProgram ServicesDonation of Medical, School, Agricultural & Personal Supplies00$296,560
South AmericaProgram ServicesDonation of Medical, School, Agricultural & Personal Supplies00$196,500
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$53,036
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Gala$146,010-$7,108-
Private Kiss Event$22,050-$1,258-
Total Events$171,259-$53,036$-53,036
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$179,424
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent Liability$30,300
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
2021-09-07

Organization Details

Principal Officer
Quenton Marty
Formed
2002
Legal Domicile
Mn
Voting Board Members
16
Independent Board Members
15
Employees
21
Volunteers
7,938

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:

Cost of goods sold 15,891. Fundraising expenses 44,191.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Cost of goods sold 15,891. Fundraising expenses 44,191.

Raw XML AppendixShowing 400 of 762 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/ActivityOrMissionDesc0MATTER IS A MINNESOTA-BASED GLOBAL HEALTH NONPROFIT ON A MISSION TO EXPAND ACCESS TO HEALTH NEXT
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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/PersonNm19VICTOR SALAMONE
IRS990/Form990PartVIISectionAGrp/PersonNm20JOEL ANDERSON
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IRS990/Form990PartVIISectionAGrp/TitleTxt18SENIOR VP OF OPERATIONS
IRS990/Form990PartVIISectionAGrp/TitleTxt19VP OF BUSINESS OPERATIONS
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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/ExpenseAmt01344583
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0969559
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt02484
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
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IRS990/ProgSrvcAccomActy3Grp/GrantAmt094703
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