Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $2,950

• 1f · All other contributions, gifts and grants

  $31

• 2a · Program service revenue: EDUCATIONAL SEMINARS

  total $726,295 · related or exempt $726,295

• 2b · Program service revenue: FELLOWS IN LEADERSHIP

  total $40,357 · related or exempt $40,357

• 2c · Program service revenue: QUALIFIED SPONORSHIPS

  total $34,025 · related or exempt $34,025

• 3 · Investment income

  total $108,140 · excluded $108,140

• 6a · Gross rents

  real property $297,507

• 6b · Less rental expenses

  real property $192,644

• 6c · Rental income or loss

  real property $104,863

• 6d · Net rental income or loss

  total $104,863 · excluded $104,863

• 7a · Gross sales of assets other than inventory

  securities $1,313,633 · other assets $16,958

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

  securities $1,272,099 · other assets $0

• 7c · Gain or loss

  securities $41,534 · other assets $16,958

• 7d · Net gain or loss

  total $58,492 · excluded $58,492

• 8a · Fundraising events: gross income

  $4,000

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

  $2,950

• 8b · Fundraising events: direct expenses

  $4,390

• 8c · Net income from fundraising events

  total -$390 · excluded -$390

• 11a · Other revenue: AGELESS ART SALES

  total $3,331 · excluded $3,331

• 11e · Other revenue, total

  $3,331

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $25,000 · program services $25,000

• 2 · Grants to domestic individuals

  total $86,960 · program services $86,960

• 11a · Fees: management

  total $148,800 · management and general $148,800

• 11f · Fees: investment management

  total $17,607 · management and general $17,607

• 11g · Fees: other

  total $23,749 · program services $23,749

• 12 · Advertising and promotion

  total $8,372 · program services $645 · management and general $7,727

• 13 · Office expenses

  total $12,889 · program services $11,810 · management and general $1,079

• 14 · Information technology

  total $14,485 · program services $14,485

• 16 · Occupancy

  total $34,794 · management and general $34,794

• 17 · Travel

  total $19,481 · program services $19,481

• 19 · Conferences, conventions and meetings

  total $1,096,264 · program services $1,096,264

• 22 · Depreciation, depletion and amortization

  total $11,091 · program services $631 · management and general $10,460

• 23 · Insurance

  total $4,088 · management and general $4,088

• 24a · Other expenses: OTHER FEES

  total $30,653 · management and general $30,653

• 24e · All other expenses

  total $4,983 · program services $535 · management and general $4,448

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $2,455

• 2 · Savings and temporary cash investments

  beginning of year $44,310

• 4 · Accounts receivable

  beginning of year $3,603 · end of year $14,229

• 9 · Prepaid expenses and deferred charges

  beginning of year $99,942 · end of year $99,430

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

  $3,558,139

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

  $2,324,982

• 10c · Land, buildings and equipment, net

  beginning of year $1,300,630 · end of year $1,233,157

• 11 · Investments: publicly traded securities

  beginning of year $3,988,251 · end of year $4,384,429

• 17 · Accounts payable and accrued expenses

  beginning of year $36,703 · end of year $48,564

• 19 · Deferred revenue

  beginning of year $200,188 · end of year $192,376

• 25 · Other liabilities

  beginning of year $534,470 · end of year $840,760

• 27 · Net assets without donor restrictions

  beginning of year $4,608,981 · end of year $4,629,846

• 28 · Net assets with donor restrictions

  beginning of year $56,394 · end of year $22,154

The filer's explanations (Part III)

PART I, LINE 3:

THE ORGANIZATION DOES NOT HAVE ANY EMPLOYEES, IT UTILIZES THE SERVICES OF EMPLOYEES OF ITS RELATED PARTY, LEADINGAGE PA. THE ORGANIZATION REIMBURSES THE RELATED PARTY FOR TIME EXPENDED. LEADINGAGE PA USES THE FOLLOWING METHODS TO ESTABLISH THE COMPENSATION OF THE CEO: -COMPENSATION SURVEY OR STUDY -APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• KAIROS HEALTH SYSTEMS INC

  C · HEALTHCARE · DE