Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $4,069,886

• 2a · Program service revenue: MANAGEMENT FEES

  total $6,676,758 · related or exempt $6,676,758

• 3 · Investment income

  total $96,332 · excluded $96,332

• 11a · Other revenue: WORKFORCE DEVELOPMENT REFUND

  total $177,056 · excluded $177,056

• 11b · Other revenue: INSURANCE REIMBURSEMENT

  total $4,013 · excluded $4,013

• 11c · Other revenue: VENDOR REFUNDS

  total $1,092 · excluded $1,092

• 11d · All other revenue

  total $8,619 · excluded $8,619

• 11e · Other revenue, total

  $190,780

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $4,364,852 · program services $4,364,852

• 9 · Other employee benefits

  total $216,537 · program services $216,537

• 10 · Payroll taxes

  total $269,186 · program services $269,186

• 11b · Fees: legal

  total $114,931 · management and general $114,931

• 11g · Fees: other

  total $448,723 · management and general $448,723

• 12 · Advertising and promotion

  total $146,228 · program services $146,228

• 13 · Office expenses

  total $17,262 · program services $17,262

• 14 · Information technology

  total $6,714 · program services $6,714

• 17 · Travel

  total $45,992 · program services $45,992

• 23 · Insurance

  total $337 · program services $337

• 24a · Other expenses: EDUCATION AND TRAINING

  total $36,320 · program services $36,320

• 24b · Other expenses: LICENSES AND FEES

  total $24,060 · program services $24,060

• 24c · Other expenses: MISCELLANEOUS EXPENSES

  total $22,969 · program services $22,969

• 24d · Other expenses: EVENTS

  total $5,126 · program services $5,126

• 24e · All other expenses

  total $2,385 · management and general $2,385

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $178,528 · end of year $148,732

• 4 · Accounts receivable

  beginning of year $166,837 · end of year $141,825

• 9 · Prepaid expenses and deferred charges

  beginning of year $28,905 · end of year $95,426

• 11 · Investments: publicly traded securities

  beginning of year $4,717,443 · end of year $50,414

• 15 · Other assets

  beginning of year $7,586,633 · end of year $18,773,280

• 17 · Accounts payable and accrued expenses

  beginning of year $665,387 · end of year $1,884,584

• 27 · Net assets without donor restrictions

  beginning of year $12,012,959 · end of year $17,325,093

The filer's explanations (Part III)

PART I, LINE 7

BONUSES ARE NON-FIXED PAYMENTS WHICH ARE BASED UPON PERFORMANCE AND ATTAINING GOALS SET DURING THE YEAR. THE PRESIDENT & CEO'S BONUS IS DETERMINED THROUGH THE COMPENSATION COMMITTEE OF THE BOARD. THE ORGANIZATION ALSO UTILIZES AN HR CONSULTING COMPANY TO ARRIVE AT A COMPENSATION LEVELS THAT INCORPORATE FOR PROFIT AND NON PROFIT SALARY RANGES FOR SIMILAR POSITIONS FOR BOTH THE PRESIDENT & CEO AND ALL SENIOR MANAGEMENT. ALL SENIOR MANAGEMENT SALARIES ARE WITHIN SUCH RANGES, AND IN ADDITION ALL SENIOR MANAGEMENT IS REVIEWED ANNUALLY FOR BOTH MERIT AND BONUS BY THE PRESIDENT & CEO.