Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $291,500

• 3 · Investment income

  total $185,598 · excluded $185,598

• 6a · Gross rents

  real property $303,462

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $303,462

• 6d · Net rental income or loss

  total $303,462 · related or exempt $303,462

• 7a · Gross sales of assets other than inventory

  securities $2,285,139

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

  securities $2,194,545 · other assets $281,444

• 7c · Gain or loss

  securities $90,594 · other assets -$281,444

• 7d · Net gain or loss

  total -$190,850 · excluded -$190,850

• 11a · Other revenue: Insurance proceeds

  total $20,726 · excluded $20,726

• 11e · Other revenue, total

  $20,726

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $90,000 · program services $90,000

• 11e · Fees: professional fundraising services

  total $165,000 · fundraising $165,000

• 11f · Fees: investment management

  total $42,480 · management and general $42,480

• 11g · Fees: other

  total $13,507 · program services $1,161 · management and general $9,490 · fundraising $2,856

• 13 · Office expenses

  total $82,335 · program services $2,335 · management and general $80,000

• 16 · Occupancy

  total $421,049 · program services $197,051 · management and general $208,538 · fundraising $15,460

• 20 · Interest

  total $919,989 · program services $515,194 · management and general $358,796 · fundraising $45,999

• 22 · Depreciation, depletion and amortization

  total $939,279 · program services $525,996 · management and general $366,319 · fundraising $46,964

• 24a · Other expenses: Reimbursed expenses

  total $138,000 · management and general $138,000

• 24b · Other expenses: NMTC expenses

  total $69,750 · program services $39,059 · management and general $27,203 · fundraising $3,488

• 24c · Other expenses: Uncollectible grants

  total $50,000 · fundraising $50,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,975,174 · end of year $585,791

• 2 · Savings and temporary cash investments

  beginning of year $2,227,381 · end of year $1,380,228

• 3 · Pledges and grants receivable

  beginning of year $932,270 · end of year $442,936

• 4 · Accounts receivable

  end of year $528,249

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

  $46,143,513

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

  $1,296,347

• 10c · Land, buildings and equipment, net

  beginning of year $45,236,288 · end of year $44,847,166

• 11 · Investments: publicly traded securities

  beginning of year $8,788,986 · end of year $9,052,888

• 15 · Other assets

  beginning of year $2,022,892 · end of year $3,634,492

• 17 · Accounts payable and accrued expenses

  beginning of year $795,605 · end of year $143,921

• 19 · Deferred revenue

  beginning of year $7,263 · end of year $308,145

• 21 · Escrow or custodial account liability

  beginning of year $2,274,207 · end of year $2,314,088

• 23 · Secured mortgages and notes payable

  beginning of year $21,218,999 · end of year $21,847,363

• 27 · Net assets without donor restrictions

  beginning of year $22,101,477 · end of year $34,411,392

• 28 · Net assets with donor restrictions

  beginning of year $15,785,440 · end of year $1,446,841

The filer's explanations (Part III)

Part I, Line 3

The Center For Pursuit's executive committee, serving as a compensation committee, annually reviews the compensation of the Chief Executive Officer. Included in the process is a review of performance and industry comparable compensation. The process and decision is reported to the full board of trustees.