Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $8,345,910

• 2a · Program service revenue: RECOVERY REVENUE

  total $1,580,236 · related or exempt $1,580,236

• 3 · Investment income

  total $798,908 · excluded $798,908

• 7a · Gross sales of assets other than inventory

  securities $5,151

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

  securities $2,774

• 7c · Gain or loss

  securities $2,377

• 7d · Net gain or loss

  total $2,377 · excluded $2,377

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $511,969 · program services $91,724 · management and general $420,245

• 10 · Payroll taxes

  total $22,079 · program services $5,505 · management and general $16,574

• 11b · Fees: legal

  total $31,055 · management and general $31,055

• 11c · Fees: accounting

  total $44,085 · management and general $44,085

• 11g · Fees: other

  total $194,096 · program services $194,096

• 12 · Advertising and promotion

  total $127 · program services $127

• 13 · Office expenses

  total $53,257 · program services $46,046 · management and general $7,211

• 14 · Information technology

  total $1,212,688 · program services $937,638 · management and general $275,050

• 16 · Occupancy

  total $222,838 · program services $138,338 · management and general $84,500

• 17 · Travel

  total $13,087 · program services $1,064 · management and general $12,023

• 19 · Conferences, conventions and meetings

  total $6,282 · management and general $6,282

• 21 · Payments to affiliates

  total $561,757 · program services $348,739 · management and general $213,018

• 22 · Depreciation, depletion and amortization

  total $146,008 · program services $90,642 · management and general $55,366

• 24a · Other expenses: SERVICING FEES

  total $1,650,746 · program services $1,650,746

• 24b · Other expenses: LEASED EMPLOYEES

  total $1,334,087 · program services $905,683 · management and general $428,404

• 24c · Other expenses: POST-DEFAULT FEES

  total $517,648 · program services $517,648

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $38,927 · program services $325 · management and general $38,602

• 24e · All other expenses

  total $68,044 · program services $29,621 · management and general $38,423

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,018,781 · end of year $2,544,105

• 2 · Savings and temporary cash investments

  beginning of year $15,805,006 · end of year $20,093,486

• 4 · Accounts receivable

  beginning of year $868,963 · end of year $1,941,690

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,309,676 · end of year $1,370,900

• 11 · Investments: publicly traded securities

  beginning of year $478,402 · end of year $594,590

• 15 · Other assets

  beginning of year $7,311,215 · end of year $7,216,122

• 17 · Accounts payable and accrued expenses

  beginning of year $1,060,016 · end of year $1,345,046

• 19 · Deferred revenue

  beginning of year $70,433

• 25 · Other liabilities

  beginning of year $6,556,265 · end of year $7,166,945

• 27 · Net assets without donor restrictions

  beginning of year $21,105,329 · end of year $25,248,902

The filer's explanations (Part III)

PART I, LINE 4A

ON APRIL 5TH, 2024, MICHAEL JAY LUBBEN ENTERED INTO A VOLUNTARY SEPARATION AGREEMENT WITH NSLP. HE RECEIVED $262,287 IN SEVERANCE PAYMENTS.