Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $378,978

• 1f · All other contributions, gifts and grants

  $1,704,553

• 1g · Noncash contributions included above

  $284,483

• 3 · Investment income

  total $1,127,278 · excluded $1,127,278

• 6a · Gross rents

  real property $26,338

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $26,338

• 6d · Net rental income or loss

  total $26,338 · excluded $26,338

• 8a · Fundraising events: gross income

  $60,762

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

  $378,978

• 8b · Fundraising events: direct expenses

  $60,762

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: ACD PARTNERS 2012 BAYVIEW LLC

  total $3,623 · unrelated business $3,623

• 11e · Other revenue, total

  $3,623

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,870,048 · program services $1,870,048

• 3 · Grants to foreign organizations and individuals

  total $10,000 · program services $10,000

• 5 · Compensation of officers, directors and key employees

  total $115,905 · program services $86,929 · management and general $15,068 · fundraising $13,908

• 7 · Other salaries and wages

  total $345,513 · program services $212,993 · management and general $100,287 · fundraising $32,233

• 9 · Other employee benefits

  total $48,588 · program services $31,582 · management and general $12,147 · fundraising $4,859

• 10 · Payroll taxes

  total $35,685 · program services $23,196 · management and general $8,921 · fundraising $3,568

• 11b · Fees: legal

  total $418 · management and general $418

• 11c · Fees: accounting

  total $10,600 · management and general $10,600

• 11f · Fees: investment management

  total $69,352 · management and general $69,352

• 13 · Office expenses

  total $30,643 · program services $8,887 · management and general $14,402 · fundraising $7,354

• 14 · Information technology

  total $15,230 · program services $7,614 · management and general $3,808 · fundraising $3,808

• 16 · Occupancy

  total $79,225 · program services $71,303 · management and general $3,961 · fundraising $3,961

• 22 · Depreciation, depletion and amortization

  total $81,747 · program services $73,573 · management and general $4,087 · fundraising $4,087

• 23 · Insurance

  total $21,089 · program services $18,981 · management and general $1,054 · fundraising $1,054

• 24a · Other expenses: COMMUNITY AND CLIENT PR

  total $113,089 · program services $113,089

• 24b · Other expenses: CORONAVIRUS PROGRAMS

  total $107,192 · program services $107,192

• 24c · Other expenses: PRINTING, POSTAGE & PUB

  total $17,885 · program services $2,682 · management and general $13,236 · fundraising $1,967

• 24d · Other expenses: SERVICE FEES

  total $11,907 · management and general $11,907

• 24e · All other expenses

  total $6,000 · management and general $6,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $622,142 · end of year $312,289

• 2 · Savings and temporary cash investments

  beginning of year $81,190 · end of year $81,190

• 3 · Pledges and grants receivable

  beginning of year $24,827 · end of year $69,340

• 4 · Accounts receivable

  end of year $72,623

• 8 · Inventories for sale or use

  beginning of year $57,713 · end of year $85,679

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

  $2,162,619

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

  $820,897

• 10c · Land, buildings and equipment, net

  beginning of year $1,413,180 · end of year $1,341,722

• 11 · Investments: publicly traded securities

  beginning of year $8,693,141 · end of year $6,754,257

• 17 · Accounts payable and accrued expenses

  beginning of year $207,939 · end of year $55,834

• 19 · Deferred revenue

  beginning of year $65,000 · end of year $67,500

• 25 · Other liabilities

  beginning of year $1,750 · end of year $1,750

• 27 · Net assets without donor restrictions

  beginning of year $7,677,629 · end of year $5,637,131

• 28 · Net assets with donor restrictions

  beginning of year $2,939,875 · end of year $2,954,885

The filer's explanations (Part III)

PART I, LINE 3

BOARD APPROVES ALL COMPENSATION AS A PART OF THE BUDGET

PART I, LINE 4A

FORMER EXECTUIVE DIRECTOR WAS AWARDED SEPARATION PAY THAT WILL BE PAID OUT IN TWO INSTALLMENTS OF $150,000 ADJUSTED UP OR DOWN BY THE PERCENTAGE CHANGE IN THE OPERATING ACCOUNT AS A RESULT OF INVESTMENT APPRECIATION OR DEPRECIATION NET OF ALL EXPENSES ON CERTAIN SPECIFIED DATES. ONE PAYMENT WAS MADE ON AUGUST 23, 2021 AND THE FINAL PAYMENT WAS ACCRUED AS OF DECEMBER 31, 2021 AND WAS PAID ON JANUARY 4, 2022.

PART I, LINE 6

THE EXECUTIVE DIRECTOR VOLUNTARILY RETIRED AND WAS AWARDED SEPARATION PAY WHICH SHALL BE PAID IN TWO INSTALLMENTS OF $150,000 ADJUSTED UP OR DOWN BY THE PERCENTAGE CHANGE IN THE OPERATING ACCOUNT AS A RESULT OF INVESTMENT APPRECIATION OR DEPRECIATION NET OF ALL EXPENSES ON CERTAIN SPECIFIED DATES.