Mf Community Impact Inc
Only 0% goes to programs Strong reserves Declining revenue
Mf Community Impact Inc is a 501(c)(4) organization based in Hemphill, Texas, registered in 2023, with $3,660,959 in FY2023 revenue. CharityIndex grades it C, and it directs about 0% of spending to programs.
530 Arnold Pl, Hemphill, TX, 75948 EIN 87-4099027 Since 2023
Revenue (FY2023)
$3.7M
▼ 95.8% vs prior year
Community median: $184K
Expenses (FY2023)
$204K
Net assets
$93.1M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
FProgram efficiency40% of the rating0% to programs
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Mf Community Impact Inc: 0% to programs earns a F on this criterion. See the exact thresholds →
B+Financial health25% of the rating5476 mo reserves · +94% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mf Community Impact Inc: 5476 mo reserves · +94% margin earns a B+ on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Mf Community Impact Inc: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mf Community Impact Inc: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
To promote social welfare through benefiting the community of the sabine county, texas area.
Contact & location
- Address
- 530 Arnold Pl, Hemphill, TX, 75948
- City
- Hemphill
- State
- Texas
- Subcategory
- Economic Development
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $87.6M (FY2022) to $3.7M (FY2023) across 2 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $0Net assets $93.1M
Operating margin
94.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$93.1M
Total liabilities
$0
Net assets
$93.1M
Salaries & benefits
$0
0% of expenses
Board members
3
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $3,660,959▼95.8% | $204,084▲76.1% | $93,121,915▲6.1% | $93,121,915▲6.1% | 990 |
| 2022 | $87,563,050 | $115,873 | $87,763,309 | $87,763,309 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Carla Morgan | Treasurer | 2 | — |
| Charles Victory | President | 2 | — |
| Robert Neal Jr | Secretary | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Ubs Financial Services | Investment Management | $182,547 |
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Compare Mf Community Impact Inc
Frequently asked questions
- Is Mf Community Impact Inc a legitimate nonprofit?
- Yes. Mf Community Impact Inc is a 501(c)(4) organization registered with the U.S. Internal Revenue Service under EIN 87-4099027, based in Hemphill, Texas.
- What is Mf Community Impact Inc's EIN?
- Mf Community Impact Inc's Employer Identification Number (EIN) is 87-4099027.
- How much revenue does Mf Community Impact Inc report?
- Mf Community Impact Inc reported $3,660,959 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Mf Community Impact Inc's spending goes to programs?
- Mf Community Impact Inc spends about 0% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Mf Community Impact Inc have?
- CharityIndex grades Mf Community Impact Inc C, based on program efficiency and fundraising cost.
- How much does Mf Community Impact Inc's highest-paid employee make?
- The highest reported compensation on Mf Community Impact Inc's latest Form 990 is $0, paid to Carla Morgan (Treasurer).
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Data for Mf Community Impact Inc (EIN 87-4099027) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.