Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $24,250

• 1f · All other contributions, gifts and grants

  $1,075,636

• 3 · Investment income

  total $259,933 · excluded $259,933

• 6a · Gross rents

  real property $42,508

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $42,508

• 6d · Net rental income or loss

  total $42,508 · excluded $42,508

• 7a · Gross sales of assets other than inventory

  securities $887,991

• 7b · Less cost or other basis and sales expenses

  securities $743,735

• 7c · Gain or loss

  securities $144,256

• 7d · Net gain or loss

  total $144,256 · excluded $144,256

• 8a · Fundraising events: gross income

  $18,142

• 8a · Fundraising events: contributions included on line 1c

  $24,250

• 8b · Fundraising events: direct expenses

  $34,653

• 8c · Net income from fundraising events

  total -$16,511 · excluded -$16,511

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $733,405 · program services $733,405

• 11a · Fees: management

  total $300,000 · program services $150,000 · management and general $150,000

• 11c · Fees: accounting

  total $3,215 · management and general $3,215

• 12 · Advertising and promotion

  total $47,521 · management and general $47,521

• 20 · Interest

  total $17,125 · management and general $17,125

• 24a · Other expenses: CAPITAL CAMPAIGN

  total $32,429 · fundraising $32,429

• 24b · Other expenses: OTHER EXPENSES

  total $1,767 · management and general $1,767

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $345,937 · end of year $2,065,748

• 4 · Accounts receivable

  beginning of year $381,286 · end of year $142,896

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

  $1,408,000

• 10c · Land, buildings and equipment, net

  beginning of year $1,408,000 · end of year $1,408,000

• 11 · Investments: publicly traded securities

  beginning of year $6,484,639 · end of year $6,316,618

• 15 · Other assets

  beginning of year $981,416 · end of year $1,723,515

• 17 · Accounts payable and accrued expenses

  beginning of year $42,664 · end of year $17,125

• 19 · Deferred revenue

  beginning of year $12,578 · end of year $19,583

• 22 · Loans and payables to officers and key people

  end of year $1,500,000

• 27 · Net assets without donor restrictions

  beginning of year $5,650,691 · end of year $5,156,623

• 28 · Net assets with donor restrictions

  beginning of year $3,895,345 · end of year $4,963,446

The filer's explanations (Part III)

PART I, LINE 4B

THE PRESIDENT/CEO, SCOTT SWANSON, PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN. THE SOCIETY FOR THE DANISH OLD PEOPLE'S HOME, A RELATED PARTY, MAY MAKE CONTRIBUTIONS TO THE PLAN ON BEHALF OF THE CEO. THE CEO WAS AWARDED $10,000 UNDER THIS PLAN FOR THE YEAR ENDED SEPTEMBER 30, 2023.