Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: AFFILIATE FEES

  total $30,038,768 · related or exempt $30,038,768

• 3 · Investment income

  total $81,250 · excluded $81,250

• 7a · Gross sales of assets other than inventory

  securities $1,197,742

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

  securities $1,199,744

• 7c · Gain or loss

  securities -$2,002

• 7d · Net gain or loss

  total -$2,002 · excluded -$2,002

• 11a · Other revenue: CREDIT CARD REBATES

  total $41,517 · excluded $41,517

• 11e · Other revenue, total

  $41,517

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $500 · program services $500

• 2 · Grants to domestic individuals

  total $105,000 · program services $105,000

• 11b · Fees: legal

  total $1,162,512 · management and general $1,162,512

• 11c · Fees: accounting

  total $452,374 · management and general $452,374

• 11d · Fees: lobbying

  total $89,956 · management and general $89,956

• 11f · Fees: investment management

  total $52,872 · management and general $52,872

• 11g · Fees: other

  total $2,007,077 · management and general $2,007,077

• 12 · Advertising and promotion

  total $642,158 · management and general $642,158

• 13 · Office expenses

  total $13,792 · management and general $13,792

• 14 · Information technology

  total $2,252,974 · management and general $2,252,974

• 16 · Occupancy

  total $9,287 · management and general $9,287

• 17 · Travel

  total $399,714 · management and general $399,714

• 19 · Conferences, conventions and meetings

  total $150,933 · management and general $150,933

• 22 · Depreciation, depletion and amortization

  total $688,984 · management and general $688,984

• 23 · Insurance

  total $1,628,127 · management and general $1,628,127

• 24a · Other expenses: SALARIES FOR REL ORGS

  total $14,553,249 · management and general $14,553,249

• 24b · Other expenses: DONOR COST

  total $2,610,672 · management and general $2,610,672

• 24c · Other expenses: EQUIPMENT LEASE & MAINT

  total $1,837,137 · management and general $1,837,137

• 24d · Other expenses: EMPLOYMENT

  total $879,527 · management and general $879,527

• 24e · All other expenses

  total $42,121 · management and general $42,121

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $20,959,720 · end of year $14,328,340

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $4,477,985 · end of year $6,787,054

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,001,064 · end of year $1,810,371

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

  $3,175,365

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

  $1,558,229

• 10c · Land, buildings and equipment, net

  beginning of year $1,822,163 · end of year $1,617,136

• 11 · Investments: publicly traded securities

  beginning of year $3,000,194 · end of year $2,598,527

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $350,000 · end of year $350,000

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $64,000 · end of year $229,000

• 17 · Accounts payable and accrued expenses

  beginning of year $28,878,780 · end of year $24,902,598

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $2,446,346 · end of year $2,467,830

• 27 · Net assets without donor restrictions

  beginning of year $350,000 · end of year $350,000

The filer's explanations (Part III)

PART I, LINE 1A

BUSINESS CLUB DUES VERSITI, INC. PROVIDES BUSINESS CLUB MEMBERSHIPS FOR THE FOLLOWING EMPLOYEE: CHRIS MISKEL - $16,666. THE CLUB MEMBERSHIPS ARE NOT TREATED AS TAXABLE COMPENSATION. THE EMPLOYEE USES THESE MEMBERSHIPS FOR BUSINESS MEETINGS OFF SITE AND BUSINESS LUNCHES/DINNERS. ANY PERSONAL EXPENSES INCURRED AT THE CLUB ARE PAID FOR DIRECTLY BY THE EMPLOYEES OR THE EMPLOYEES REIMBURSES THE ENTITY FOR PERSONAL EXPENSES. PERSONAL SERVICES VERSITI, INC. PROVIDED MOVING EXPENSES FOR THE FOLLOWING EMPLOYEE: ALEXANDRA PEIPER $37,363. THE MOVING EXPENSES ARE TREATED AS TAXABLE COMPENSATION.

PART I, LINES 5B, 6B AND 7:

NON-FIXED PAYMENTS INCENTIVE PAYOUT OPPORTUNITIES, BASED ON PERCENTAGE OF BASE PAY RATE, ARE AVAILABLE TO CERTAIN EMPLOYEES OF THE FILING ORGANIZATION. WHILE LEVELS OF THE INCENTIVE PAYOUT OPPORTUNITY ARE FIXED AND DETERMINED PERCENTAGES OF BASE COMPENSATION, THE INCENTIVE PAYOUT IS DETERMINED, IN PART, ON THE CONSOLIDATED REVENUE AND NET EARNINGS OF OPERATING DIVISIONS. THE INCENTIVE PAYOUT IS SUBJECT TO THE REVIEW OF ACCOMPLISHMENTS/OBJECTIVES AND THE ULTIMATE DETERMINATION OF INCENTIVE COMPENSATION IS SUBJECT TO PRESIDENT/CEO AND EXECUTIVE COMMITTEE OF THE BOARD APPROVAL.