Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: GOVERNMENT SERVICE CONTRACT REVEN

  total $164,702,605 · related or exempt $164,702,605

• 2b · Program service revenue: OTHER PROGRAM SERVICES

  total $272,875 · related or exempt $272,875

• 3 · Investment income

  total $1,891,730 · excluded $1,891,730

• 7a · Gross sales of assets other than inventory

  securities $23,670,762 · other assets $166,742

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

  securities $22,264,293 · other assets $2,065,428

• 7c · Gain or loss

  securities $1,406,469 · other assets -$1,898,686

• 7d · Net gain or loss

  total -$492,217 · excluded -$492,217

• 11a · Other revenue: PROMPT PAY DISCOUNT

  total $78,037 · related or exempt $78,037

• 11e · Other revenue, total

  $78,037

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $586,436 · program services $586,436

• 2 · Grants to domestic individuals

  total $111,883 · program services $111,883

• 5 · Compensation of officers, directors and key employees

  total $3,032,850 · program services $2,453,734 · management and general $579,116

• 7 · Other salaries and wages

  total $72,702,357 · program services $61,409,304 · management and general $11,293,053

• 8 · Pension plan contributions

  total $3,132,775 · program services $2,809,615 · management and general $323,160

• 9 · Other employee benefits

  total $17,628,525 · program services $14,558,357 · management and general $3,070,168

• 10 · Payroll taxes

  total $5,822,743 · program services $5,050,721 · management and general $772,022

• 11a · Fees: management

  total $515,067 · program services $39,605 · management and general $475,462

• 11b · Fees: legal

  total $181,715 · program services $13,972 · management and general $167,743

• 11c · Fees: accounting

  total $134,621 · program services $10,351 · management and general $124,270

• 11f · Fees: investment management

  total $405,299 · management and general $405,299

• 11g · Fees: other

  total $33,174,226 · program services $31,438,332 · management and general $1,735,894

• 12 · Advertising and promotion

  total $183,925 · program services $7,197 · management and general $176,728

• 13 · Office expenses

  total $564,320 · program services $433,997 · management and general $130,323

• 14 · Information technology

  total $166,890 · program services $136,811 · management and general $30,079

• 16 · Occupancy

  total $670,129 · program services $481,622 · management and general $188,507

• 17 · Travel

  total $1,494,561 · program services $709,563 · management and general $784,998

• 20 · Interest

  total $530,851 · program services $214 · management and general $530,637

• 22 · Depreciation, depletion and amortization

  total $1,817,564 · program services $857,087 · management and general $960,477

• 23 · Insurance

  total $2,539,079 · program services $1,839,853 · management and general $699,226

• 24a · Other expenses: PROGRAM SUPPLIES

  total $12,641,992 · program services $12,414,289 · management and general $227,703

• 24b · Other expenses: SMALL TOOLS AND EQUIPME

  total $489,847 · program services $412,901 · management and general $76,946

• 24c · Other expenses: UNIFORMS/SAFETY

  total $371,630 · program services $349,559 · management and general $22,071

• 24d · Other expenses: MISCELLANEOUS

  total $348,273 · program services $72,041 · management and general $276,232

• 24e · All other expenses

  total $563,759 · program services $286,997 · management and general $276,762

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,131,575 · end of year $8,216,557

• 2 · Savings and temporary cash investments

  beginning of year $6,495,206 · end of year $8,922,240

• 4 · Accounts receivable

  beginning of year $30,725,474 · end of year $32,211,945

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,712,673 · end of year $1,997,636

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

  $30,620,846

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

  $7,909,855

• 10c · Land, buildings and equipment, net

  beginning of year $26,188,403 · end of year $22,710,991

• 11 · Investments: publicly traded securities

  beginning of year $56,640,462 · end of year $71,548,644

• 12 · Investments: other securities

  beginning of year $20,417,164 · end of year $21,794,917

• 15 · Other assets

  beginning of year $22,157 · end of year $310,711

• 17 · Accounts payable and accrued expenses

  beginning of year $15,773,931 · end of year $16,415,232

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $15,689,316

• 23 · Secured mortgages and notes payable

  beginning of year $16,300,000 · end of year $0

• 25 · Other liabilities

  beginning of year $400,220 · end of year $1,181,845

• 27 · Net assets without donor restrictions

  beginning of year $120,858,963 · end of year $134,427,248

The filer's explanations (Part III)

PART I, LINE 1A

BOARD MEMBERS SPOUSE TRAVEL FOR ANNUAL EMPLOYEE RECOGNITION AND AWARDS CEREMONY.

PART I, LINES 4A-B

IN JULY 2003, THE 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 ORGANIZATION. THE 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 ORGANIZATION. THE 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 ORGANIZATION ADOPTED A NONQUALIFIED DEFERRED COMPENSATION PLAN, UNDER IRC SECTION 457(F), COVERING CERTAIN OFFICERS. THE 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 ORGANIZATION. THE 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 ORGANIZATION. ALTHOUGH IT IS NOT REQUIRED TO DO SO, THE 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 ORGANIZATION PRIOR TO THE RESPECTIVE SCHEDULED VESTING DATE, AS DEFINED. AS OF JUNE 30, 2023 AND 2022, THE ORGANIZATION HAD ACCRUED $889,208 AND $400,220 IN DEFERRED COMPENSATION UNDER THE AMENDED PLAN, RESPECTIVELY. THE FOLLOWING OFFICERS PARTICIPATE IN THE 457(F) PLAN AND RECEIVED A PAYMENT: ANTHONY A. CUCOLO III - $157,315 MARK K. JONES - $119,929 WILLIAM K. WALKER - $120,080 MICHAEL K. CLOUD - $111,925 CHARLES C. CANNON - $99,420 LUCINDIA R. GREENE - $97,091 VANESSA FERGUSON - $97,130 ERIC BARBOSA - $86,317 IN APRIL 2014, THE 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. THE FOLLOWING OFFICERS PARTICIPATE IN THE 457(B) PLAN FROM THE ORGANIZATION: WILLIAM K. WALKER, MICHAEL K. CLOUD, ERIC BARBOSA.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• PCSI TEXAS LLC

  CONTRACT SERVICES · TX · income $1,110,526 · assets $1,015,594

  Directly controlled by PROFESSIONAL CONTRACT SERVICES INC