Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $497,549

• 3 · Investment income

  total $2,236,974 · excluded $2,236,974

• 6a · Gross rents

  real property $561,644

• 6b · Less rental expenses

  real property $306,167

• 6c · Rental income or loss

  real property $255,477

• 6d · Net rental income or loss

  total $255,477 · excluded $255,477

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,393,843 · program services $4,393,843

• 11c · Fees: accounting

  total $21,375 · management and general $21,375

• 11g · Fees: other

  total $3,400 · management and general $3,400

• 13 · Office expenses

  total $7 · management and general $7

• 16 · Occupancy

  total $92,676 · management and general $92,676

• 22 · Depreciation, depletion and amortization

  total $90,641 · management and general $90,641

• 23 · Insurance

  total $316 · management and general $316

• 24a · Other expenses: LICENSES AND FEES

  total $225 · management and general $225

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $487,119 · end of year $699,378

• 9 · Prepaid expenses and deferred charges

  beginning of year $21,744

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

  $12,949,797

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

  $4,498,250

• 10c · Land, buildings and equipment, net

  beginning of year $8,542,188 · end of year $8,451,547

• 11 · Investments: publicly traded securities

  beginning of year $486,330 · end of year $595,111

• 12 · Investments: other securities

  beginning of year $74,175,126 · end of year $77,114,236

• 17 · Accounts payable and accrued expenses

  beginning of year $29,218 · end of year $37,640

• 27 · Net assets without donor restrictions

  beginning of year $81,255,214 · end of year $84,199,234

• 28 · Net assets with donor restrictions

  beginning of year $2,428,075 · end of year $2,623,398

The filer's explanations (Part III)

PART I, LINE 3

STEVEN GUNTHER, PRESIDENT/CEO, IS COMPENSATED BY THE RELATED ENTITY MARYVALE. MARYVALE'S BOARD OF DIRECTORS ARE RESPONSIBLE FOR DETERMINING THE COMPENSATION FOR THE PRESIDENT/CHIEF EXECUTIVE OFFICER. THE PROCESS FOR DETERMINING COMPENSATION SHALL INCLUDE COMPARABILITY DATA AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THE BOARD OF DIRECTORS MAY DELEGATE THE GROUNDWORK FOR THIS REVIEW TO BE CONDUCTED BY AN AD-HOC SUBCOMMITTEE OF THE BOARD; HOWEVER, THE FINAL DECISION WILL BE APPROVED BY THE FULL BOARD OF DIRECTORS.