Civic Intelligence

More Maitri Inc.

990 • Fiscal year 2023 • EIN 47-1559690

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

720 West 84th Suite 224Thornton, CO 80260

(303) 482-1339

Siviq Scores

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

Liabilities / Assets

88th percentile

0.64x

Higher debt load relative to assets than 88% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

64th percentile

0.19x

Higher debt load relative to revenue than 64% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

39th percentile

-0.1%

Higher net margin than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

65th percentile

$95,122

Higher top officer pay than 65% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

32nd percentile

-1.3%

Faster asset growth than 32% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

26th percentile

-9.2%

Faster revenue growth than 26% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Assets

Flat

$638,664

Flat from 2023

Net Assets

Flat

$228,672

Flat from 2023

Liabilities

Flat

$409,992

Flat from 2023

Revenue

Flat

$2,113,426

Flat from 2023

Expenses

Flat

$2,115,377

Flat from 2023

Net Income

Flat

-$1,951

Flat from 2023

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2015: $65,523Liabilities 2015: $46,361Net Assets 2015: $19,1622015Assets 2016: $54,376Liabilities 2016: $38,435Net Assets 2016: $15,9412016Assets 2017: $101,231Liabilities 2017: $39,048Net Assets 2017: $62,1832017Assets 2018: $78,527Liabilities 2018: $58,275Net Assets 2018: $20,2522018Assets 2019: $98,252Liabilities 2019: $96,127Net Assets 2019: $2,1252019Assets 2020: $285,101Liabilities 2020: $283,608Net Assets 2020: $1,4932020Assets 2021: $287,953Liabilities 2021: $57,403Net Assets 2021: $230,5502021Assets 2022: $646,864Liabilities 2022: $416,241Net Assets 2022: $230,6232022Assets 2023: $638,664Liabilities 2023: $409,992Net Assets 2023: $228,6722023Assets 2023: $638,664Liabilities 2023: $409,992Net Assets 2023: $228,6722023Assets 2024: $631,527Liabilities 2024: $591,585Net Assets 2024: $39,9422024

Highlighted filing

2023

Assets$638,664
Liabilities$409,992
Net Assets$228,672

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2015: $962,151Expenses 2015: $943,089Net Income 2015: $19,0622015Revenue 2016: $923,096Expenses 2016: $926,317Net Income 2016: -$3,2212016Revenue 2017: $1,049,197Expenses 2017: $1,002,955Net Income 2017: $46,2422017Revenue 2018: $1,340,300Expenses 2018: $1,382,231Net Income 2018: -$41,9312018Revenue 2019: $1,630,304Expenses 2019: $1,648,431Net Income 2019: -$18,1272019Revenue 2020: $1,598,095Expenses 2020: $1,598,727Net Income 2020: -$6322020Revenue 2021: $1,880,458Expenses 2021: $1,651,401Net Income 2021: $229,0572021Revenue 2022: $2,326,994Expenses 2022: $2,326,921Net Income 2022: $732022Revenue 2023: $2,113,426Expenses 2023: $2,115,377Net Income 2023: -$1,9512023Revenue 2023: $2,113,426Expenses 2023: $2,115,377Net Income 2023: -$1,9512023Revenue 2024: $2,188,481Expenses 2024: $2,143,099Net Income 2024: $45,3822024

Highlighted filing

2023

Revenue$2,113,426
Expenses$2,115,377
Net Income-$1,951
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.0
Gross Receipts
$2,113,426
Mission and Program Overview

Mission

More maitri is a nonprofit human service agency dedicated to providing support and services to persons with developmental and intellectual disabilities.

Cultivate and support independence and interdependence, provide for the welfare and safety of our participants, staff, affiliates, and community, and encourage the practice of maitri; loving kindness and unconditional friendliness towards all beings, beginning with ourselves.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$262,752$262,752→ $0
Accounts Receivable$50,228$51,297▲ $1,069
Land, Buildings, and Equipment, Net$33,243$33,243→ $0
Cash and Non-Interest-Bearing Accounts$19,836$12,041▼ $7,795
Total Assets$646,864$638,664▼ $8,200
Other Assets Total$280,805$279,331▼ $1,474
Liabilities
Other Liabilities$275,189$275,189→ $0
Accounts Payable and Accrued Expenses$111,052$111,615▲ $563
Unsecured Notes Loans Payable$30,000$23,188▼ $6,812
Total Liabilities$416,241$409,992▼ $6,249
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$218,736$228,672▲ $9,936
Net Assets With Donor Restrictions$11,887--
Total Net Assets Fund Balance$230,623$228,672▼ $1,951
Total Liabilities and Net Assets / Fund Balance$646,864$638,664▼ $8,200

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$33,243$15,653$48,896
Other Assets Org$8,631--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Bethany FryeExecutive DiFT$89,329$5,793$95,122

Board Members and Trustees

NameTitle
Sabrina SmithPresident
Samantha WilliamsSecretary
Laura Jane LandisTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$3,443
Program Service Revenue
$2,109,535
Investment Income
$0
Other Revenue
$448
All Other Contributions
$3,443
Change in Net Assets
$-1,951
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,137,228
Other Expenses$978,149
Total Fundraising Expense$41,892
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$839,766$65,253$36,065$941,084
Occupancy$109,467--$109,467
Payroll Taxes$88,230$8,522$3,509$100,261
Current Officers, Directors, Trustees, and Key Employees$66,997$22,332-$89,329
Insurance$42,830$7,313$2,089$52,232
Other Expenses$13,810$45,987-$45,987
All Other Expenses$35,128$1,591-$36,719
Information Technology-$11,331-$11,331
Fees for Services Accounting-$10,031-$10,031
Fees for Services Other-$10,017-$10,017
Advertising$7,126--$7,126
Other Employee Benefits$5,768$557$229$6,554
Office Expenses$5,861--$5,861
Fees for Services Legal-$469-$469
Total Functional Expenses$1,308,085$765,400$41,892$2,115,377
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$275,189
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
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
No
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, Page 6, Part VI, Line 2

Jane landis beth frye treasurer exec dir related

Form 990, Page 6, Part VI, Line 11B

Once the executive director receives it from the company that prepared it or cpa, the form 990 is sent to the board of directors and it is reviewed. If there are any questions or concerns that is shared with the contact person at the company it was prepared by and if there are no questions or concerns it is approved by the board of directors and that is shared with the cpa contact person that it has been approved by more maitri, inc.

Form 990, Page 6, Part VI, Line 12C

All board members complete a conflict of interest form when they join the board. The form is updated periodically when requested.

Form 990, Page 6, Part VI, Line 15A

The compensation of the executive director is determined by the board of directors through the annual budget process. Comparability data is used on a periodic basis as deemed necessary by the board.

Form 990, Page 6, Part VI, Line 19

The organization maintains copies of its governing documents, conflict of interest policy, and financial statements in its administrative office for use by any requesting party.

Filing and Contact Details

Filer

Filer Name
More Maitriinc
EIN
47-1559690
Phone
3034821339
Address
720 WEST 84TH SUITE 224, THORNTON, CO 80260

Signing Officer

Name
Bethany Frye
Title
Executive Director
Phone
3034821339
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bethany Frye
Formed
2014
Legal Domicile
Co
Voting Board Members
4
Independent Board Members
3
Employees
55

Preparer

Firm
Altruic Advisors Cpas
Address
417 FOREST AVENUE, PLYMOUTH, MI 48170
Preparer
Ryan N Hagan CPA
Phone
8882985297
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Cultivate and support independence and interdependence, provide for the welfare and safety of our participants, staff, affiliates and community, and encourage the practice of maitri, loving kindness and unconditional friendliness towards all beings, beginning with ourselves.

Form 990, Page 2, Part III, Line 4A

Residential- more maitri inc.'s residential program is approved by the colorado department of health care policy & financing and is funded through the medicaid home and community-based services waiver. We believe that all individuals have fundamental rights and responsibilities, including the right to live in the least restrictive environment possible to foster independence and active participation in society. Day program - maitri multi-media is an innovative art, music, & mindfulness-based day program designed to empower individuals with intellectual disabilities to explore their true selves and unlock their potential. Through a dynamic mix of art forms, creative methods, and diverse mediums, participants are inspired to express their unique voices, process complex emotions, and envision the world they want to shape. This program not only fosters artistic expression but also strengthens communication, coping, and self- expression skills, nurturing both independence and a sense of belonging. Whether through individualized or group projects, maitri multi-media creates meaningful connections and contributes to both personal growth and community building, both within the program and beyond. Behavior therapy - more maitri offers a variety of behavior therapy services through the home and community-based waivers. More maitri's behavioral department serves people on both the sls and dd waiver. The support is based on the individual need of the person receiving services, services include: assessment, consultation, team training and support, individual counseling, behavioral line staff.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CULTIVATE AND SUPPORT INDEPENDENCE AND INTERDEPENDENCE, PROVIDE FOR THE WELFARE AND SAFETY OF OUR PARTICIPANTS, STAFF, AFFILIATES AND COMMUNITY, AND ENCOURAGE THE PRACTICE OF MAITRI, LOVING KINDNESS AND UNCONDITIONAL FRIENDLINESS TOWARDS ALL BEINGS, BEGINNING WITH OURSELVES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1RESIDENTIAL- MORE MAITRI INC.'S RESIDENTIAL PROGRAM IS APPROVED BY THE COLORADO DEPARTMENT OF HEALTH CARE POLICY & FINANCING AND IS FUNDED THROUGH THE MEDICAID HOME AND COMMUNITY-BASED SERVICES WAIVER. WE BELIEVE THAT ALL INDIVIDUALS HAVE FUNDAMENTAL RIGHTS AND RESPONSIBILITIES, INCLUDING THE RIGHT TO LIVE IN THE LEAST RESTRICTIVE ENVIRONMENT POSSIBLE TO FOSTER INDEPENDENCE AND ACTIVE PARTICIPATION IN SOCIETY. DAY PROGRAM - MAITRI MULTI-MEDIA IS AN INNOVATIVE ART, MUSIC, & MINDFULNESS-BASED DAY PROGRAM DESIGNED TO EMPOWER INDIVIDUALS WITH INTELLECTUAL DISABILITIES TO EXPLORE THEIR TRUE SELVES AND UNLOCK THEIR POTENTIAL. THROUGH A DYNAMIC MIX OF ART FORMS, CREATIVE METHODS, AND DIVERSE MEDIUMS, PARTICIPANTS ARE INSPIRED TO EXPRESS THEIR UNIQUE VOICES, PROCESS COMPLEX EMOTIONS, AND ENVISION THE WORLD THEY WANT TO SHAPE. THIS PROGRAM NOT ONLY FOSTERS ARTISTIC EXPRESSION BUT ALSO STRENGTHENS COMMUNICATION, COPING, AND SELF- EXPRESSION SKILLS, NURTURING BOTH INDEPENDENCE AND A SENSE OF BELONGING. WHETHER THROUGH INDIVIDUALIZED OR GROUP PROJECTS, MAITRI MULTI-MEDIA CREATES MEANINGFUL CONNECTIONS AND CONTRIBUTES TO BOTH PERSONAL GROWTH AND COMMUNITY BUILDING, BOTH WITHIN THE PROGRAM AND BEYOND. BEHAVIOR THERAPY - MORE MAITRI OFFERS A VARIETY OF BEHAVIOR THERAPY SERVICES THROUGH THE HOME AND COMMUNITY-BASED WAIVERS. MORE MAITRI'S BEHAVIORAL DEPARTMENT SERVES PEOPLE ON BOTH THE SLS AND DD WAIVER. THE SUPPORT IS BASED ON THE INDIVIDUAL NEED OF THE PERSON RECEIVING SERVICES, SERVICES INCLUDE: ASSESSMENT, CONSULTATION, TEAM TRAINING AND SUPPORT, INDIVIDUAL COUNSELING, BEHAVIORAL LINE STAFF.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2JANE LANDIS BETH FRYE TREASURER EXEC DIR RELATED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ONCE THE EXECUTIVE DIRECTOR RECEIVES IT FROM THE COMPANY THAT PREPARED IT OR CPA, THE FORM 990 IS SENT TO THE BOARD OF DIRECTORS AND IT IS REVIEWED. IF THERE ARE ANY QUESTIONS OR CONCERNS THAT IS SHARED WITH THE CONTACT PERSON AT THE COMPANY IT WAS PREPARED BY AND IF THERE ARE NO QUESTIONS OR CONCERNS IT IS APPROVED BY THE BOARD OF DIRECTORS AND THAT IS SHARED WITH THE CPA CONTACT PERSON THAT IT HAS BEEN APPROVED BY MORE MAITRI, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ALL BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM WHEN THEY JOIN THE BOARD. THE FORM IS UPDATED PERIODICALLY WHEN REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE COMPENSATION OF THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS THROUGH THE ANNUAL BUDGET PROCESS. COMPARABILITY DATA IS USED ON A PERIODIC BASIS AS DEEMED NECESSARY BY THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ORGANIZATION MAINTAINS COPIES OF ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS IN ITS ADMINISTRATIVE OFFICE FOR USE BY ANY REQUESTING PARTY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/WebsiteAddressTxt0WWW.MOREMAITRI.COM
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BETHANY FRYE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0EXECUTIVE DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03034821339
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MORE MAITRIINC
ReturnHeader/Filer/BusinessNameControlTxt0MORE
ReturnHeader/Filer/EIN0471559690
ReturnHeader/Filer/PhoneNum03034821339
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ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ALTRUIC ADVISORS CPAS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0417 FOREST AVENUE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLYMOUTH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048170
ReturnHeader/PreparerPersonGrp/PhoneNum08882985297
ReturnHeader/PreparerPersonGrp/PreparationDt02024-11-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0RYAN N HAGAN CPA
ReturnHeader/ReturnTs02024-11-15T15:12:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

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