Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $17,277

• 1d · Related organizations

  $4,000,000

• 1e · Government grants (contributions)

  $1,238,941

• 1f · All other contributions, gifts and grants

  $1,517,787

• 2a · Program service revenue: WORK TRAINING SERVICES

  total $3,331,219 · related or exempt $3,331,219

• 2b · Program service revenue: WORKFORCE DEVELOPMENT

  total $2,881,988 · related or exempt $2,881,988

• 2c · Program service revenue: SOURCE AMERICA

  total $1,179,360 · related or exempt $1,179,360

• 3 · Investment income

  total $833,848 · excluded $833,848

• 6a · Gross rents

  real property $48,458

• 6b · Less rental expenses

  real property $38,561

• 6c · Rental income or loss

  real property $9,897

• 6d · Net rental income or loss

  total $9,897 · unrelated business $9,897

• 7a · Gross sales of assets other than inventory

  securities $15,339

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

  securities $1,279,265

• 7c · Gain or loss

  securities -$1,263,926

• 7d · Net gain or loss

  total -$1,263,926 · excluded -$1,263,926

• 11a · Other revenue: RELATED ORGANIZATION MGMT FEE

  total $5,358,373 · related or exempt $5,358,373

• 11b · Other revenue: MANAGEMENT, VENDING, REFUNDS AND

  total $197,493 · excluded $197,493

• 11e · Other revenue, total

  $5,555,866

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,069,894 · management and general $2,069,894

• 7 · Other salaries and wages

  total $8,684,852 · program services $6,873,812 · management and general $1,674,652 · fundraising $136,388

• 8 · Pension plan contributions

  total $135,703 · program services $81,581 · management and general $53,031 · fundraising $1,091

• 9 · Other employee benefits

  total $1,463,831 · program services $879,450 · management and general $572,039 · fundraising $12,342

• 10 · Payroll taxes

  total $833,949 · program services $549,376 · management and general $274,104 · fundraising $10,469

• 11b · Fees: legal

  total $52,947 · management and general $52,947

• 11c · Fees: accounting

  total $86,370 · management and general $86,370

• 11f · Fees: investment management

  total $62,189 · management and general $62,189

• 11g · Fees: other

  total $1,514,224 · program services $184,996 · management and general $1,329,228

• 12 · Advertising and promotion

  total $162,911 · program services -$10,324 · management and general $173,235

• 13 · Office expenses

  total $547,343 · program services $220,857 · management and general $321,865 · fundraising $4,621

• 16 · Occupancy

  total $1,067,594 · management and general $1,067,594

• 17 · Travel

  total $311,418 · program services $26,845 · management and general $274,104 · fundraising $10,469

• 20 · Interest

  total $11,605 · management and general $11,605

• 21 · Payments to affiliates

  total $222,554 · management and general $222,554

• 22 · Depreciation, depletion and amortization

  total $968,441 · program services $568,187 · management and general $398,494 · fundraising $1,760

• 23 · Insurance

  total $233,746 · program services $47,923 · management and general $185,818 · fundraising $5

• 24a · Other expenses: WORKFORCE PROGRAM EXPEN

  total $782,798 · program services $516,479 · management and general $265,043 · fundraising $1,276

• 24b · Other expenses: OTHER

  total $430,081 · program services $218,362 · management and general $198,072 · fundraising $13,647

• 24c · Other expenses: BAD DEBT

  total $154,808 · program services $15,858 · fundraising $138,950

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,261,615 · end of year $3,935,668

• 3 · Pledges and grants receivable

  beginning of year $52,373 · end of year $611,635

• 4 · Accounts receivable

  beginning of year $1,079,918 · end of year $1,013,716

• 9 · Prepaid expenses and deferred charges

  beginning of year $701,835 · end of year $505,635

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

  $57,470,320

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

  $20,074,866

• 10c · Land, buildings and equipment, net

  beginning of year $30,025,160 · end of year $37,395,454

• 11 · Investments: publicly traded securities

  beginning of year $19,680,436 · end of year $22,189,855

• 15 · Other assets

  beginning of year $353,042 · end of year $494,246

• 17 · Accounts payable and accrued expenses

  beginning of year $3,220,112 · end of year $3,054,289

• 19 · Deferred revenue

  beginning of year $10,103,585 · end of year $8,890,157

• 23 · Secured mortgages and notes payable

  beginning of year $4,083,359 · end of year $9,628,791

• 25 · Other liabilities

  beginning of year $11,074,694 · end of year $8,254,599

• 27 · Net assets without donor restrictions

  beginning of year $23,490,364 · end of year $35,495,533

• 28 · Net assets with donor restrictions

  beginning of year $10,182,265 · end of year $822,840

The filer's explanations (Part III)

PART I, LINE 1A

IF THE SPOUSE OR SIGNIFICANT OTHER IS INVOLVED IN THE BUSINESS PURPOSE OF THE TRIP, ONLY ACTUAL EXPENSES INCURRED BY THE ASSOCIATE FOR MEALS, ROOM, TRANSPORTATION, AND OTHER BUSINESS-RELATED EXPENSES WILL BE REIMBURSED. THE EXPENSE REPORTS ARE REVIEWED AND APPROVED BY THE CFO TWICE A YEAR AND THE AMOUNTS ARE INCLUDED AS TAXABLE FRINGE BENEFITS.