Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

  total $866,825 · related or exempt $866,825

• 2b · Program service revenue: EMPLOYEE CONTRIBUTIONS

  total $162,701 · related or exempt $162,701

Functional expenses

Part IX, the statement of functional expenses.

• 4 · Benefits paid to or for members

  total $961,848

• 13 · Office expenses

  total $113

• 24a · Other expenses: ADMINISTRATIVE EXPENSES

  total $18,625

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $127,370 · end of year $9,988

• 4 · Accounts receivable

  beginning of year $837,203 · end of year $964,608

• 17 · Accounts payable and accrued expenses

  beginning of year $40,270 · end of year $46,407

• 27 · Net assets without donor restrictions

  beginning of year $924,303 · end of year $928,189

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION RELIES ON THE RELATED ORGANIZATION TO ESTABLISH COMPENSATION. THE RELATED ORGANZIATION USES A COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

PART I, LINE 4B

IN JULY 2003, THE RELATED ORGANIZATION ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER IRC SECTION 457(F), COVERING CERTAIN OFFICERS. THE PLAN WAS AMENDED IN JANUARY 2011 AND STATED THAT NET EARNINGS AND LOSSES SHALL BE CREDITED TO THE RECIPIENT'S ACCOUNT FROM TIME TO TIME, AS DETERMINED BY THE RELATED ORGANIZATION. THE RELATED ORGANIZATION ACCRUED AMOUNTS ANNUALLY, AS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. TO VEST IN THE ALLOCATED AMOUNTS, THE PARTICIPANT MUST HAVE REMAINED IN CONTINUOUS SERVICE AS AN EMPLOYEE WITH THE RELATED ORGANIZATION. THE RELATED ORGANIZATION PAID, IN A SINGLE LUMP-SUM PAYMENT, AN AMOUNT EQUAL TO THE VESTED AMOUNT WITHIN 90 DAYS OF THE DATE OF VESTING. AT JULY 1, 2021 THE PLAN BECAME FULLY VESTED AND FULLY VESTED DEFERRED COMPENSATION WAS PAID OUT IN ACCORDANCE WITH THE PLAN DOCUMENT. IN DECEMBER 2021, THE RELATED ORGANIZATION ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER IRC SECTION 457(F), COVERING CERTAIN OFFICERS. THE RELATED ORGANIZATION ACCRUED AMOUNTS ANNUALLY, AS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS. TO VEST IN THE ALLOCATED AMOUNTS, THE PARTICIPANT MUST HAVE REMAINED IN CONTINUOUS SERVICE AS AN EMPLOYEE WITH THE RELATED ORGANIZATION. THE RELATED ORGANIZATION PAID, IN A SINGLE LUMP-SUM PAYMENT, AN AMOUNT EQUAL TO THE VESTED AMOUNT WITHIN 30 DAYS OF THE DATE OF VESTING. THESE PAYMENTS ARE PAID FROM THE GENERAL ASSETS OF THE RELATED ORGANIZATION. ALTHOUGH IT IS NOT REQUIRED TO DO SO, THE RELATED ORGANIZATION MAY ELECT TO INVEST AMOUNTS IN ORDER TO MEET ITS OBLIGATIONS UNDER THIS DEFERRED COMPENSATION PLAN. COMPENSATION BENEFITS ACCRUED AND DEFERRED UNDER THE DEFERRED COMPENSATION PLAN ARE SUBJECT TO SUBSTANTIAL RISK OF FORFEITURE SHOULD THE PARTICIPANT TERMINATE HIS OR HER RELATIONSHIP WITH THE RELATED ORGANIZATION PRIOR TO THE RESPECTIVE SCHEDULED VESTING DATE, AS DEFINED. AS OF JUNE 30, 2023 AND 2022, THE RELATED ORGANIZATION HAD ACCRUED $889,208 AND $400,200 IN DEFERRED COMPENSATION UNDER THE AMENDED PLAN, RESPECTIVELY. THE FOLLOWING OFFICERS PARTICIPATE IN THE 457(F) PLAN AND RECEIVED A PAYMENT FROM THE RELATED ORGANIZATION: ANTHONY A. CUCOLO III - $157,315 MARK K. JONES - $119,929 IN APRIL 2014, THE RELATED ORGANIZATION ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER IRC SECTION 457(B), COVERING CERTAIN OFFICERS AND DIRECTORS. NO EMPLOYER CONTRIBUTIONS WERE MADE TO THE PLAN FOR THE YEARS ENDED JUNE 30, 2023 AND 2022. NONE OF THE FILING ORGANIZATION'S OFFICERS PARTICIPATE IN THE 457(B) PLAN FROM THE RELATED ORGANIZATION.