Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $8,001

• 1e · Government grants (contributions)

  $2,148,871

• 1f · All other contributions, gifts and grants

  $17,554,796

• 1g · Noncash contributions included above

  $15,751,000

• 2a · Program service revenue: MANAGEMENT INCOME

  total $1,395,754 · related or exempt $1,395,754

• 2b · Program service revenue: WORKFORCE TRAINING & DEVELOPMENT

  total $50,499 · related or exempt $50,499

• 3 · Investment income

  total $540,663 · excluded $540,663

• 6a · Gross rents

  real property $69,883

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $69,883

• 6d · Net rental income or loss

  total $69,883 · excluded $69,883

• 7a · Gross sales of assets other than inventory

  securities $78,814 · other assets $63,644

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

  securities $0 · other assets $80,126

• 7c · Gain or loss

  securities $78,814 · other assets -$16,482

• 7d · Net gain or loss

  total $62,332 · excluded $62,332

• 8a · Fundraising events: gross income

  $105,464

• 8a · Fundraising events: contributions included on line 1c

  $8,001

• 8b · Fundraising events: direct expenses

  $65,581

• 8c · Net income from fundraising events

  total $39,883 · excluded $39,883

• 10a · Gross sales of inventory

  $53,931,445

• 10b · Cost of goods sold

  $15,768,291

• 10c · Net income from sales of inventory

  total $38,163,154 · related or exempt $38,163,154

• 11a · Other revenue: OTHER REVENUE

  total $31,063 · excluded $31,063

• 11e · Other revenue, total

  $31,063

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $434,837 · program services $434,837

• 5 · Compensation of officers, directors and key employees

  total $1,034,337 · program services $902,280 · management and general $132,057

• 7 · Other salaries and wages

  total $22,582,422 · program services $19,699,262 · management and general $2,883,160

• 8 · Pension plan contributions

  total $330,475 · program services $271,209 · management and general $59,266

• 9 · Other employee benefits

  total $2,801,833 · program services $2,299,365 · management and general $502,468

• 10 · Payroll taxes

  total $1,449,614 · program services $1,189,647 · management and general $259,967

• 11d · Fees: lobbying

  total $43,362 · program services $43,362

• 11g · Fees: other

  total $1,095,250 · program services $571,653 · management and general $523,597

• 12 · Advertising and promotion

  total $395,881 · program services $24,803 · management and general $371,078

• 13 · Office expenses

  total $1,728,610 · program services $1,574,262 · management and general $154,348

• 16 · Occupancy

  total $6,644,555 · program services $6,492,091 · management and general $152,464

• 17 · Travel

  total $179,906 · program services $147,543 · management and general $32,363

• 20 · Interest

  total $1,829,366 · program services $1,675,704 · management and general $153,662

• 22 · Depreciation, depletion and amortization

  total $3,051,874 · program services $2,775,455 · management and general $276,419

• 24a · Other expenses: SUPPLIES

  total $2,019,897 · program services $1,444,972 · management and general $574,925

• 24b · Other expenses: VEHICLE EXPENSES

  total $1,118,635 · program services $970,659 · management and general $147,976

• 24c · Other expenses: POSTAGE AND SHIPPING

  total $440,466 · program services $438,188 · management and general $2,278

• 24d · Other expenses: EQUIPMENT RENTAL AND MA

  total $322,990 · program services $254,436 · management and general $68,554

• 24e · All other expenses

  total $712,177 · program services $338,578 · management and general $373,599

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,748,334 · end of year $6,768,851

• 2 · Savings and temporary cash investments

  beginning of year $15,269,668 · end of year $22,145,175

• 4 · Accounts receivable

  beginning of year $451,826 · end of year $504,273

• 8 · Inventories for sale or use

  beginning of year $1,211,000 · end of year $1,231,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $192,503 · end of year $189,506

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

  $112,912,910

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

  $31,404,309

• 10c · Land, buildings and equipment, net

  beginning of year $81,746,587 · end of year $81,508,601

• 15 · Other assets

  beginning of year $21,824,444 · end of year $21,608,052

• 17 · Accounts payable and accrued expenses

  beginning of year $3,084,872 · end of year $3,147,243

• 19 · Deferred revenue

  beginning of year $596,123 · end of year $311,785

• 20 · Tax-exempt bond liabilities

  beginning of year $19,511,157 · end of year $16,710,962

• 23 · Secured mortgages and notes payable

  beginning of year $29,530,634 · end of year $30,068,527

• 25 · Other liabilities

  beginning of year $15,559,877 · end of year $13,984,960

• 27 · Net assets without donor restrictions

  beginning of year $58,161,699 · end of year $69,731,981

The filer's explanations (Part III)

PART I, LINE 4B

THE LEADERSHIP TEAM PARTICIPATES IN A SECTION 457(B) PLAN.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• PALMETTO GOODWILL SERVICES HEALTH AND WELFARE PLAN

  T · EMPLOYEE BENEFIT PLAN NUMBER 503 · SC

  Directly controlled by PALMETTO GOODWILL SERVICES