Civic Intelligence

More Maitri Inc.

990 • Fiscal year 2024 • EIN 47-1559690

Jan 01, 2024 to Dec 31, 2024 • Filed on Oct 28, 2025

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

93rd percentile

0.94x

Higher debt load relative to assets than 93% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

72nd percentile

0.27x

Higher debt load relative to revenue than 72% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

44th percentile

2.1%

Higher net margin than 44% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

64th percentile

$95,474

Higher top officer pay than 64% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

33rd percentile

-1.1%

Faster asset growth than 33% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

42nd percentile

3.6%

Faster revenue growth than 42% of similar nonprofits.

2024 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$631,527

Down $7,137 (-1.1%) from 2023

Net Assets

Down

$39,942

Down $188,730 (-83%) from 2023

Liabilities

Up

$591,585

Up $181,593 (+44%) from 2023

Revenue

Up

$2,188,481

Up $75,055 (+3.6%) from 2023

Expenses

Up

$2,143,099

Up $27,722 (+1.3%) from 2023

Net Income

Up

$45,382

Up $47,333 (+2426%) 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 2024: $631,527Liabilities 2024: $591,585Net Assets 2024: $39,9422024

Highlighted filing

2024

Assets$631,527
Liabilities$591,585
Net Assets$39,942

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 2024: $2,188,481Expenses 2024: $2,143,099Net Income 2024: $45,3822024

Highlighted filing

2024

Revenue$2,188,481
Expenses$2,143,099
Net Income$45,382
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 28, 2025
Return Version
2024v5.0
Gross Receipts
$2,188,481
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--
Accounts Receivable$51,297$45,803▼ $5,494
Cash and Non-Interest-Bearing Accounts$12,041$21,447▲ $9,406
Land, Buildings, and Equipment, Net$33,243$19,092▼ $14,151
Prepaid Expenses and Deferred Charges-$5,243-
Total Assets$638,664$631,527▼ $7,137
Other Assets Total$279,331$539,942▲ $260,611
Liabilities
Other Liabilities$275,189$536,011▲ $260,822
Accounts Payable and Accrued Expenses$111,615$37,603▼ $74,012
Unsecured Notes Loans Payable$23,188$17,971▼ $5,217
Total Liabilities$409,992$591,585▲ $181,593
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$228,672$35,021▼ $193,651
Net Assets With Donor Restrictions-$4,921-
Total Net Assets Fund Balance$228,672$39,942▼ $188,730
Total Liabilities and Net Assets / Fund Balance$638,664$631,527▼ $7,137

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$19,092$29,497$48,589
Other Assets Org$8,631--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Bethany FryeExecutive DiFT$95,474$95,474

Board Members and Trustees

NameTitle
Sabrina SmithPresident
Kate HomelMember
Sara CissellMember
Samantha WilliamsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$8,087
Program Service Revenue
$2,179,779
Investment Income
$0
Other Revenue
$615
All Other Contributions
$6,502
Change in Net Assets
$45,382

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,188,481
Total Revenue per Audited Statements
$2,188,481
Total Revenue per Form 990
$2,188,481
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,159,104
Salaries, Compensation, and Employee Benefits$983,995
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$730,102$72,083-$802,185
Current Officers, Directors, Trustees, and Key Employees$88,791$6,683-$95,474
Payroll Taxes$76,341$5,575-$81,916
All Other Expenses$45,945$6,238-$52,183
Travel$47,324$43-$47,367
Insurance$34,808$5,039-$39,847
Other Expenses$15,238$972-$16,210
Information Technology$11,393$620-$12,013
Fees for Services Other$9,497$747-$10,244
Office Expenses$8,788$113-$8,901
Depreciation Depletion$6,941--$6,941
Fees for Services Accounting$5,660$140-$5,800
Interest$4,774$356-$5,130
Other Employee Benefits$4,119$301-$4,420
Total Functional Expenses$2,040,734$102,365$0$2,143,099

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,143,099
Total Expenses per Audited Statements$2,143,099
Total Expenses per Form 990$2,143,099
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$536,011
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
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 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
2025-10-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bethany Frye
Formed
2014
Legal Domicile
Co
Voting Board Members
5
Independent Board Members
4
Employees
44

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/ExplanationTxt2ONCE 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/ExplanationTxt3ALL BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST FORM WHEN THEY JOIN THE BOARD. THE FORM IS UPDATED PERIODICALLY WHEN REQUESTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 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/ExplanationTxt5THE 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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ReturnHeader/ReturnTs02025-10-30T18:02:17-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
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