Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENTAL INCOME

  total $177,469 · related or exempt $177,469

• 3 · Investment income

  total $49 · excluded $49

• 7a · Gross sales of assets other than inventory

  other assets $599,000

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

  other assets $204,931

• 7c · Gain or loss

  other assets $394,069

• 7d · Net gain or loss

  total $394,069 · excluded $394,069

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $200,000 · program services $200,000

• 11g · Fees: other

  total $7,040 · program services $7,040

• 13 · Office expenses

  total $361 · program services $361

• 16 · Occupancy

  total $36,398 · program services $36,398

• 20 · Interest

  total $12,750 · program services $12,750

• 22 · Depreciation, depletion and amortization

  total $62,660 · program services $62,660

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $100,520 · end of year $485,455

• 4 · Accounts receivable

  end of year $29,578

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

  $1,685,229

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

  $883,372

• 10c · Land, buildings and equipment, net

  beginning of year $1,032,116 · end of year $801,857

• 17 · Accounts payable and accrued expenses

  beginning of year $22,006 · end of year $532

• 24 · Unsecured notes and loans payable

  beginning of year $283,731 · end of year $237,081

• 27 · Net assets without donor restrictions

  beginning of year $826,899 · end of year $1,079,277

The filer's explanations (Part III)

PART I, LINE 3

THE BOD COMPLETES AN ANNUAL REVIEW OF THE ED'S SALARY & OTHER COMPENSATION THE INFORMATION PACKET THAT GOES TO THE BOARD INCLUDES A PERFORMANCE EVALUATION FOR THE CURRENT YEAR AS WELL AS THE PREVIOUS YEAR; THE SALARY & OTHER COMPENSATION INFORMATION; PERFORMANCE OBJECTIVES / GOALS FOR THE CURRENT YEAR AS WELL AS THE PREVIOUS YEAR, HISTORICAL SALARY & COMPENSATION INFORMATION FOR THE PAST 3 YEARS; THE BOARD CHAIR MEETS WITH ED TO DISCUSS / REVIEW ENTIRE PACKAGE BOARD PRESIDENT & TREASURER APPROVES AND SIGNS OFF.