Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: SERVICE FEE REVENUE

  total $27,413,640 · related or exempt $27,413,640

• 3 · Investment income

  total $18,037 · excluded $18,037

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $3,457,414 · management and general $3,457,414

• 7 · Other salaries and wages

  total $12,306,305 · management and general $12,306,305

• 8 · Pension plan contributions

  total $567,590 · management and general $567,590

• 9 · Other employee benefits

  total $1,240,117 · management and general $1,240,117

• 10 · Payroll taxes

  total $1,189,990 · management and general $1,189,990

• 11b · Fees: legal

  total $382,733 · management and general $382,733

• 11c · Fees: accounting

  total $192,033 · management and general $192,033

• 12 · Advertising and promotion

  total $215,273 · management and general $215,273

• 13 · Office expenses

  total $257,577 · management and general $257,577

• 16 · Occupancy

  total $473,558 · management and general $473,558

• 17 · Travel

  total $279,180 · management and general $279,180

• 22 · Depreciation, depletion and amortization

  total $204,690 · management and general $204,690

• 23 · Insurance

  total $375,456 · management and general $375,456

• 24a · Other expenses: CONTRACT SERVICES

  total $2,253,732 · management and general $2,253,732

• 24b · Other expenses: SOFTWARE LICENSES FEE,

  total $1,587,532 · management and general $1,587,532

• 24c · Other expenses: REPAIR AND MAINTENANCE

  total $335,596 · management and general $335,596

• 24d · Other expenses: OTHER COST

  total $127,517 · management and general $127,517

• 24e · All other expenses

  total $60,117 · management and general $60,117

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $231,353 · end of year -$12,875

• 4 · Accounts receivable

  beginning of year $4,085 · end of year $8,476

• 9 · Prepaid expenses and deferred charges

  beginning of year $454,359 · end of year $589,846

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

  $434,486

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

  $113,235

• 10c · Land, buildings and equipment, net

  beginning of year $115,254 · end of year $321,251

• 15 · Other assets

  beginning of year $1,682,270 · end of year $2,008,281

• 17 · Accounts payable and accrued expenses

  beginning of year $967,380 · end of year $1,667,209

• 25 · Other liabilities

  beginning of year $3,414,950 · end of year $1,217,512

• 27 · Net assets without donor restrictions

  beginning of year -$1,895,009 · end of year $30,258

The filer's explanations (Part III)

PART I, LINE 3

ALL COMPENSATION AMOUNTS ARE PAID BY STEP UP FOR STUDENTS - FLORIDA INC. ("SUFS-FL") UNDER A COMMON PAYMASTER ARRANGEMENT. SUFS-FL USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION STUDY OR SURVEY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.