Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ADMIN SVCS FEES

  total $3,277,696 · related or exempt $3,277,696

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $9,000 · excluded $9,000

• 11e · Other revenue, total

  $9,000

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,803

• 5 · Compensation of officers, directors and key employees

  total $393,802

• 7 · Other salaries and wages

  total $1,116,546

• 9 · Other employee benefits

  total $286,460

• 10 · Payroll taxes

  total $102,017

• 11b · Fees: legal

  total $2,512

• 11c · Fees: accounting

  total $39,996

• 11g · Fees: other

  total $39,277

• 13 · Office expenses

  total $68,952

• 14 · Information technology

  total $110,223

• 16 · Occupancy

  total $175,583

• 17 · Travel

  total $17,304

• 22 · Depreciation, depletion and amortization

  total $218,156

• 23 · Insurance

  total $42,593

• 24a · Other expenses: COMPUTER HOSTING SVCS.

  total $72,536

• 24b · Other expenses: ACCT. SOFTWARE CONTRACT

  total $12,541

• 24c · Other expenses: EQUIPMENT RENTAL

  total $9,861

• 24d · Other expenses: NEGOTIATION EXPENSES

  total $8,950

• 24e · All other expenses

  total $21,015

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $200 · end of year $200

• 2 · Savings and temporary cash investments

  beginning of year $193,861 · end of year $243,033

• 4 · Accounts receivable

  beginning of year $21,880 · end of year $37,441

• 9 · Prepaid expenses and deferred charges

  beginning of year $48,254 · end of year $41,200

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

  $794,027

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

  $485,288

• 10c · Land, buildings and equipment, net

  beginning of year $426,935 · end of year $308,739

• 15 · Other assets

  beginning of year $11,319,353 · end of year $13,419,184

• 17 · Accounts payable and accrued expenses

  beginning of year $306,793 · end of year $101,897

• 19 · Deferred revenue

  beginning of year $5,250 · end of year $5,250

• 25 · Other liabilities

  beginning of year $905,812 · end of year $750,038

• 27 · Net assets without donor restrictions

  beginning of year $10,792,628 · end of year $13,192,612

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION AUTHORIZES ITS EXECUTIVES TO FLY FIRST CLASS IF THE FLIGHT EXCEEDS TWO HOURS; ONLY THE PRESIDENT, ANTHONY J. DALONGES, TRAVELED FIRST CLASS IN THE FISCAL YEAR ENDING SEPTEMBER 30, 2024.

PART II, COLUMN C:

THE DEFERRED COMPENSATION REPORTED IN SCHEDULE J, PART II, COLUMN (C) REPRESENTS THE CHANGE IN THE ACTUARIAL VALUE OF EACH INDIVIDUAL'S DEFINED BENEFIT RETIREMENT ACCOUNT. TO THE EXTENT THAT THE ACTUARIAL VALUE OF ANY EMPLOYEE'S DEFINED BENEFIT RETIREMENT ACCOUNT DECREASED, USMX IS REPORTING $0 IN COLUMN (C) AS REQUIRED BY THE INTERNAL REVENUE SERVICE. IN ADDITION TO THE CHANGE IN THE ACTUARIAL VALUE OF THE DEFINED BENEFIT PLAN, COLUMN (C) ALSO INCLUDES THE EMPLOYER MATCH TO EACH INDIVIDUAL'S SECTION 403(B) RETIREMENT PLAN.