Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: EDUCATIONAL PROGRAMS/O

  total $6,053,035 · related or exempt $5,536,664 · unrelated business $516,371

• 3 · Investment income

  total $215,131 · excluded $215,131

• 7a · Gross sales of assets other than inventory

  securities $668,858

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

  securities $697,507 · other assets $2,295

• 7c · Gain or loss

  securities -$28,649 · other assets -$2,295

• 7d · Net gain or loss

  total -$30,944 · excluded -$30,944

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $129,905 · program services $114,134 · management and general $15,771

• 7 · Other salaries and wages

  total $2,689,299 · program services $2,361,048 · management and general $328,251

• 8 · Pension plan contributions

  total $291,196 · program services $255,653 · management and general $35,543

• 9 · Other employee benefits

  total $140,171 · program services $123,062 · management and general $17,109

• 10 · Payroll taxes

  total $195,905 · program services $171,993 · management and general $23,912

• 11b · Fees: legal

  total $191,087 · program services $118,895 · management and general $72,192

• 11c · Fees: accounting

  total $16,502 · management and general $16,502

• 11g · Fees: other

  total $518,361 · program services $518,361

• 13 · Office expenses

  total $35,392 · program services $31,072 · management and general $4,320

• 14 · Information technology

  total $1,128,752 · program services $990,978 · management and general $137,774

• 17 · Travel

  total $3,630 · program services $3,187 · management and general $443

• 21 · Payments to affiliates

  total $167,452 · program services $147,013 · management and general $20,439

• 22 · Depreciation, depletion and amortization

  total $280,766 · program services $246,496 · management and general $34,270

• 23 · Insurance

  total $163,637 · program services $143,664 · management and general $19,973

• 24a · Other expenses: PUBLIC AWARENESS

  total $245,926 · program services $215,909 · management and general $30,017

• 24b · Other expenses: RECRUITING/RELOCATION

  total $58,619 · program services $51,464 · management and general $7,155

• 24c · Other expenses: TRAINING & DEVELOPMENT

  total $55,531 · program services $48,753 · management and general $6,778

• 24d · Other expenses: MISCELLANEOUS

  total $10,701 · program services $9,393 · management and general $1,308

• 24e · All other expenses

  total $14,753 · program services $13,850 · management and general $903

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $906,106 · end of year $517,243

• 2 · Savings and temporary cash investments

  beginning of year $744,602 · end of year $1,282,976

• 4 · Accounts receivable

  beginning of year $657,121 · end of year $611,428

• 9 · Prepaid expenses and deferred charges

  beginning of year $620,008 · end of year $518,278

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

  $3,964,197

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

  $3,462,043

• 10c · Land, buildings and equipment, net

  beginning of year $634,838 · end of year $502,154

• 11 · Investments: publicly traded securities

  beginning of year $4,449,350 · end of year $4,581,725

• 15 · Other assets

  beginning of year $38,069 · end of year $38,069

• 17 · Accounts payable and accrued expenses

  beginning of year $266,570 · end of year $266,595

• 25 · Other liabilities

  beginning of year $19,653 · end of year $36,333

• 27 · Net assets without donor restrictions

  beginning of year $7,763,871 · end of year $7,748,945

The filer's explanations (Part III)

PART I, LINE 4A

SHAWN WALSH RECEIVED A SEVERANCE IN THE AMOUNT OF $63,463 FROM INCHARGE EDUCATION FUND.

PART I, LINE 7

THE NON-FIXED PAYMENTS REPRESENT NOMINAL AMOUNTS GRANTED BY THE BOARD OF TRUSTEES IN RECOGNITION OF ANNUAL GOAL ACHIEVEMENTS AS SPECIFIED IN THE STRATEGIC PLAN.

PART I, QUESTION 3:

A SEPARATE BOARD APPOINTED COMPENSATION COMMITTEE OF INCHARGE DEBT SOLUTIONS DETERMINES THE SALARY OF THE OFFICERS AND KEY EMPLOYEES OF INCHARGE EDUCATION FOUNDATION, INC. ON AN ANNUAL BASIS. SALARY COMPARABILITY DATA AND PERFORMANCE IS REVIEWED AS THE BASIS FOR OFFICER COMPENSATION ANNUALLY. ON A REGULAR BASIS, AN INDEPENDENT COMPENSATION CONSULTANT MAY BE USED TO PERFORM A COMPENSATION SURVEY OR STUDY. KEY EMPLOYEES MAY RECEIVE SALARY INCREASES BASED ON AN EVALUATION OF PERFORMANCE. PERIODICALLY, KEY EMPLOYEES' SALARIES ARE COMPARED TO MARKET DATA. THE LAST COMPENSATION REVIEW WAS CONDUCTED IN FEBRUARY OF 2023.