Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,099,439

• 2a · Program service revenue: OPERATION OF JSK CENTE

  total $3,184,766 · related or exempt $3,184,766

• 3 · Investment income

  total $65,817 · excluded $65,817

• 6a · Gross rents

  real property $114,400

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $114,400

• 6d · Net rental income or loss

  total $114,400 · related or exempt $114,400

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $26,977 · excluded $26,977

• 11e · Other revenue, total

  $26,977

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $392,726

• 7 · Other salaries and wages

  total $2,863,228

• 8 · Pension plan contributions

  total $108,573

• 9 · Other employee benefits

  total $325,083

• 10 · Payroll taxes

  total $261,312

• 11b · Fees: legal

  total $3,964

• 11c · Fees: accounting

  total $19,233

• 11g · Fees: other

  total $98,724

• 12 · Advertising and promotion

  total $768,904

• 13 · Office expenses

  total $83,744

• 14 · Information technology

  total $181,533

• 16 · Occupancy

  total $1,412,004

• 17 · Travel

  total $53,315

• 19 · Conferences, conventions and meetings

  total $14,059

• 20 · Interest

  total $14,716

• 22 · Depreciation, depletion and amortization

  total $292,122

• 23 · Insurance

  total $110,638

• 24a · Other expenses: UTILITIES

  total $336,289

• 24b · Other expenses: AUDIOVISUAL

  total $77,823

• 24c · Other expenses: MISCELLANEOUS

  total $40,786

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $11,715

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,558,229 · end of year $1,759,542

• 2 · Savings and temporary cash investments

  beginning of year $1,617,761 · end of year $1,683,009

• 4 · Accounts receivable

  beginning of year $1,378,350 · end of year $1,310,049

• 8 · Inventories for sale or use

  beginning of year $64,222 · end of year $44,203

• 9 · Prepaid expenses and deferred charges

  beginning of year $158,524 · end of year $191,630

• 10a · Land, buildings and equipment: cost or other basis

  $3,416,840

• 10b · Land, buildings and equipment: accumulated depreciation

  $1,656,076

• 10c · Land, buildings and equipment, net

  beginning of year $736,988 · end of year $1,760,764

• 15 · Other assets

  beginning of year $189,800 · end of year $189,800

• 17 · Accounts payable and accrued expenses

  beginning of year $620,704 · end of year $891,853

• 19 · Deferred revenue

  beginning of year $561,855 · end of year $296,024

• 23 · Secured mortgages and notes payable

  beginning of year $384,854 · end of year $221,465

• 25 · Other liabilities

  beginning of year $0 · end of year $189,800

• 27 · Net assets without donor restrictions

  beginning of year $3,561,515 · end of year $3,670,441

• 28 · Net assets with donor restrictions

  beginning of year $1,574,946 · end of year $1,669,414

The filer's explanations (Part III)

PART I, LINE 1A

TAX INDEMNIFICATION AND GROSS UP PAYMENTS: THERE IS NOT A WRITTEN POLICY OF THE ORGANIZATION ALL THE BONUSES ARE GROSSED UP FOR MEDICARE, SOCIAL SECURITY AND CITY OF AKRON TAXES.

PART I, LINE 3

DURING 2023, PETRUS CONSULTING WAS UTILIZED TO PERFORM A SALARY ASSESSMENT FOR THE PRESIDENT/CEO. THAT SALARY ASSESSMENT ALONG WITH THE FORMS 990 FROM COMPARABLE ORGANIZATIONS WERE UTILIZED BY THE PERSONNEL COMMITTEE TO DRAW UP A COMPENSATION CONTRACT FOR PRESENTATION AND APPROVAL BY THE BOARD.

PART I, LINE 5

A PORTION (VARIES BY POSITION) OF EACH SALES EMPLOYEE'S BONUS CALCULATION (INCLUDED IN THE W2 AMOUNTS REPORTED) IS BASED ON WHETHER THE ORGANIZATION MEETS THE BUDGETED REVENUE SALES FIGURES. 25% OF THE PRESIDENT/CEO'S BONUS CALCULATION (INCLUDED IN THE W2 AMOUNTS REPORTED) IS BASED ON MEETING BUDGETED REVENUE PER THE INCENTIVE PLAN APPROVED BY THE PERSONNEL COMMITTEE AND THE BOARD OF DIRECTORS.

PART I, LINE 6

10% OF EACH EMPLOYEE'S BONUS CALCULATION (INCLUDED IN THE W2 AMOUNTS REPORTED) IS BASED ON WHETHER THE ORGANIZATION MEETS THE BUDGETED NET INCOME FIGURE. 35% OF THE PRESIDENT/CEO'S BONUS CALCULATION (INCLUDED IN THE W2 AMOUNTS REPORTED) IS BASED ON MEETING BUDGETED NET INCOME PER THE INCENTIVE PLAN APPROVED BY THE PERSONNEL COMMITTEE AND THE BOARD OF DIRECTORS.

PART I, LINE 7

BONUSES FOR ALL EMPLOYEES ARE BASED ON MEETING GOALS SET OUT EARLY IN THE YEAR. THOSE GOALS AND THE IMPACT THAT THEY HAVE ON THE TOTAL BONUS ARE NOT ALWAYS BASED ON THE FINANCIAL STATEMENT OUTCOMES BUT RATHER ON THE COMPLETION OF PROJECTS, TASKS, AND OTHER QUALITATIVE GOALS.