Matthews Family Foundation

Cynthia P Matthews Ttee

Cleveland, OH
Tax-exempt since Oct. 2011
EIN: 45-6441049

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$1.8M (2023)

Expenses

$2.1M (2023)

Total Assets

$28.9M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$1,803,952

Expenses

$2,104,772

Net Income

-$300,820

Net Assets

$28,938,924

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$916,187	50.8%
Sales of Assets	$883,155	49.0%
Other Income	$4,610	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,831,563	87.0%
Compensation of Officers*	$25,000	1.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,938,924
Total Liabilities	$0
Net Assets	$28,938,924

Compensation

Key Employees and Officers	Compensation	Other
Mason A Matthews (Distribution Committee Member)	$25,000	$0
Louis E Daugherty (Trustee)	$0	$0
Marci M Matthews (Distribution Committee Member)	$0	$0
Parker T Matthews (Distribution Committee Member)	$0	$0
Michael E Daugherty (Distribution Committee Member)	$0	$0

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990-PF

Filed on July 30, 2024

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$1,687,017

Expenses

$2,280,902

Net Income

-$593,885

Net Assets

$29,255,716

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$720,637	42.7%
Sales of Assets	$960,068	56.9%
Other Income	$6,312	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,017,964	88.5%
Compensation of Officers*	$25,000	1.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,255,716
Total Liabilities	$0
Net Assets	$29,255,716

Compensation

Key Employees and Officers	Compensation	Other
Mason A Matthews (Distribution Committee Member)	$25,000	$0
Louis E Daugherty (Trustee)	$0	$0
Marci M Matthews (Distribution Committee Member)	$0	$0
Parker T Matthews (Distribution Committee Member)	$0	$0
Michael E Daugherty (Distribution Committee Member)	$0	$0

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990-PF

Filed on May 15, 2023

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,781,180

Expenses

$1,740,259

Net Income

$40,921

Net Assets

$29,857,857

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$711,287	39.9%
Sales of Assets	$1,053,236	59.1%
Other Income	$16,657	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,450,200	83.3%
Compensation of Officers*	$25,000	1.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,857,857
Total Liabilities	$0
Net Assets	$29,857,857

Compensation

Key Employees and Officers	Compensation	Other
Mason A Matthews (Distribution Committee Member)	$25,000	$0
Louis E Daugherty (Trustee)	$0	$0
Marci M Matthews (Distribution Committee Member)	$0	$0
Parker T Matthews (Distribution Committee Member)	$0	$0
Streeter H Matthews (Distribution Committee Member)	$0	$0
Michael E Daugherty (Distribution Committee Member)	$0	$0

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990-PF

Filed on May 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2020

Revenue

$3,829,642

Expenses

$1,729,837

Net Income

$2,099,805

Net Assets

$29,821,393

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$2,802,492	73.2%
Interest Revenue	$0
Dividends	$636,745	16.6%
Sales of Assets	$374,346	9.8%
Other Income	$16,059	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,515,440	87.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$29,821,394
Total Liabilities	$1
Net Assets	$29,821,393

Compensation

Key Employees and Officers	Compensation	Other
Louis E Daugherty (Trustee)	$0	$0
Marci M Matthews (Distribution Committee Member)	$0	$0
Parker T Matthews (Distribution Committee Member)	$0	$0
Streeter H Matthews (Distribution Committee Member)	$0	$0
Mason A Matthews (Distribution Committee Member)	$0	$0
Michael E Daugherty (Distribution Committee Member)	$0	$0

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990-PF

Filed on Nov. 12, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$900,584

Expenses

$1,260,515

Net Income

-$359,931

Net Assets

$27,699,454

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$764,148	84.9%
Sales of Assets	$115,038	12.8%
Other Income	$21,398	2.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,025,192	81.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$27,699,455
Total Liabilities	$1
Net Assets	$27,699,454

Compensation

Key Employees and Officers	Compensation	Other
Louis E Daugherty (Trustee)	$0	$0
Marci M Matthews (Distribution Committee Member)	$0	$0
Parker T Matthews (Distribution Committee Member)	$0	$0
Streeter H Matthews (Distribution Committee Member)	$0	$0
Mason A Matthews (Distribution Committee Member)	$0	$0
Michael E Daugherty (Distribution Committee Member)	$0	$0

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990-PF

Filed on Nov. 12, 2020

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2018

Revenue

$9,719,152

Expenses

$752,093

Net Income

$8,967,059

Net Assets

$28,059,538

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$8,677,201	89.3%
Interest Revenue	$0
Dividends	$756,288	7.8%
Sales of Assets	$235,992	2.4%
Other Income	$49,671	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$589,420	78.4%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$28,059,538
Total Liabilities	$0
Net Assets	$28,059,538

Compensation

Key Employees and Officers	Compensation	Other
Louis E Daugherty (Trustee)	$0	$0
Marci M Matthews (Distribution Committee Member)	$0	$0
Parker T Matthews (Distribution Committee Member)	$0	$0
Streeter H Matthews (Distribution Committee Member)	$0	$0
Mason A Matthews (Distribution Committee Member)	$0	$0

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990-PF

Filed on Nov. 8, 2019

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$17,845,148

Expenses

$147,541

Net Income

$17,697,607

Net Assets

$19,367,259

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$17,215,347	96.5%
Interest Revenue	$0
Dividends	$185,538	1.0%
Sales of Assets	$442,103	2.5%
Other Income	$2,160	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$104,500	70.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$19,367,259
Total Liabilities	$0
Net Assets	$19,367,259

Compensation

Key Employees and Officers	Compensation	Other
Cynthia P Matthews (Co Trustee)	$0	$0
Louis E Daugherty (Co Trustee)	$0	$0
Marci M Matthews (Distribution Committee Member)	$0	$0
Parker T Matthews (Distribution Committee Member)	$0	$0
Streeter H Matthews (Distribution Committee Member)	$0	$0
Mason A Matthews (Distribution Committee Member)	$0	$0

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990-PF

Filed on Nov. 5, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$93,429

Expenses

$124,251

Net Income

-$30,822

Net Assets

$1,676,397

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$58,011	62.1%
Sales of Assets	$32,270	34.5%
Other Income	$3,148	3.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$111,200	89.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,676,397
Total Liabilities	$0
Net Assets	$1,676,397

Compensation

Key Employees and Officers	Compensation	Other
Cynthia P Matthews (Co Trustee)	$0	$0
Louis E Daugherty (Co Trustee)	$0	$0
Marci M Matthews (Distribution Committee Member)	$0	$0
Parker T Matthews (Distribution Committee Member)	$0	$0
Streeter H Matthews (Distribution Committee Member)	$0	$0
Mason A Matthews (Distribution Committee Member)	$0	$0

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990-PF

Filed on Nov. 6, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$54,195

Expenses

$131,589

Net Income

-$77,394

Net Assets

$1,698,678

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$57,302	> 100%
Sales of Assets	-$6,487
Other Income	$3,380	6.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$116,400	88.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,698,678
Total Liabilities	$0
Net Assets	$1,698,678

Compensation

Key Employees and Officers	Compensation	Other
Cynthia P Matthews (Co Trustee)	$0	$0
Louis E Daugherty (Co Trustee)	$0	$0
Marci M Matthews (Distribution Committee Member)	$0	$0
Parker T Matthews (Distribution Committee Member)	$0	$0
Streeter H Matthews (Distribution Committee Member)	$0	$0
Mason A Matthews (Distribution Committee Member)	$0	$0

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990-PF

Filed on Nov. 11, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2014

Revenue

$81,213

Expenses

$134,411

Net Income

-$53,198

Net Assets

$1,774,080

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$59,552	73.3%
Sales of Assets	$17,681	21.8%
Other Income	$3,980	4.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$116,400	86.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,774,080
Total Liabilities	$0
Net Assets	$1,774,080

Compensation

Key Employees and Officers	Compensation	Other
Cynthia P Matthews (Co Trustee)	$0	$0
Louis E Daugherty (Co Trustee)	$0	$0
Marci M Matthews (Distribution Committee Member)	$0	$0
Parker T Matthews (Distribution Committee Member)	$0	$0
Streeter H Matthews (Distribution Committee Member)	$0	$0
Mason A Matthews (Distribution Committee Member)	$0	$0

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990-PF

Filed on Aug. 6, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2013

Revenue

$406,940

Expenses

$118,654

Net Income

$288,286

Net Assets

$1,833,055

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$53,298	13.1%
Sales of Assets	$352,411	86.6%
Other Income	$1,231	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,100	71.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,833,055
Total Liabilities	$0
Net Assets	$1,833,055

Compensation

Key Employees and Officers	Compensation	Other
Cynthia P Matthews (Co Trustee)	$0	$0
Louis E Daugherty (Co Trustee)	$0	$0
Marci M Matthews (Distribution Committee Member)	$0	$0
Parker T Matthews (Distribution Committee Member)	$0	$0
Streeter H Matthews (Distribution Committee Member)	$0	$0
Mason A Matthews (Distribution Committee Member)	$0	$0

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990-PF

Filed on May 12, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending Dec.
2012

Revenue

$747,183

Expenses

$42,083

Net Income

$705,100

Net Assets

$1,546,035

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$9,019	1.2%
Interest Revenue	$0
Dividends	$54,474	7.3%
Sales of Assets	$683,485	91.5%
Other Income	$205	0.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$12,500	29.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,546,035
Total Liabilities	$0
Net Assets	$1,546,035

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$1,858,788

Expenses

$15,517

Net Income

$1,843,271

Net Assets

$842,485

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$1,856,021	99.9%
Interest Revenue	$0
Dividends	$2,767	0.1%
Sales of Assets	$0
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$842,485
Total Liabilities	$0
Net Assets	$842,485

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Matthews Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $1.8M (2023)

Expenses $2.1M (2023)

Total Assets $28.9M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$1.8M (2023)

Expenses

$2.1M (2023)

Total Assets

$28.9M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011