Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $879,804

• 1f · All other contributions, gifts and grants

  $118,500

• 2a · Program service revenue: SERVICE INCOME

  total $238,783 · related or exempt $238,783

• 3 · Investment income

  total $1,006 · excluded $1,006

• 6a · Gross rents

  real property $588,680

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $588,680

• 6d · Net rental income or loss

  total $588,680 · related or exempt $588,680

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $309,450 · program services $309,450

• 7 · Other salaries and wages

  total $110,027 · program services $110,027

• 8 · Pension plan contributions

  total $8,153 · program services $8,153

• 10 · Payroll taxes

  total $27,370 · program services $27,370

• 11a · Fees: management

  total $179,996 · program services $179,996

• 11b · Fees: legal

  total $4,087 · program services $4,087

• 11c · Fees: accounting

  total $12,900 · program services $12,900

• 11g · Fees: other

  total $72,177 · program services $72,177

• 12 · Advertising and promotion

  total $23,192 · program services $23,192

• 13 · Office expenses

  total $55,277 · program services $55,277

• 14 · Information technology

  total $852 · program services $852

• 16 · Occupancy

  total $602,394 · program services $602,394

• 17 · Travel

  total $6,336 · program services $6,336

• 22 · Depreciation, depletion and amortization

  total $47,786 · program services $47,786

• 24a · Other expenses: REPAIRS & MAINTENANCE

  total $238,788 · program services $238,788

• 24b · Other expenses: BAD DEBTS

  total $20,313 · program services $20,313

• 24c · Other expenses: LICENSES & PERMITS

  total $304 · program services $304

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $247,019 · end of year $19,374

• 2 · Savings and temporary cash investments

  end of year $251,006

• 4 · Accounts receivable

  beginning of year $94,724 · end of year $155,099

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,995

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

  $1,420,087

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

  $1,135,265

• 10c · Land, buildings and equipment, net

  beginning of year $267,124 · end of year $284,822

• 17 · Accounts payable and accrued expenses

  beginning of year $111,174 · end of year $97,986

• 19 · Deferred revenue

  end of year $3,000

• 25 · Other liabilities

  beginning of year $33,106 · end of year $32,362

• 27 · Net assets without donor restrictions

  beginning of year $469,582 · end of year $576,953

The filer's explanations (Part III)

PART I, LINE 3

ALLOY DEVELOPMENT CO INC ESTABLISHES THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR BY UTILIZING COMPENSATION SURVEYS OF PROFESSIONAL HR CONSULTANTS AND TRADE ORGANIZATIONS, APPROVAL BY THE BOARD OF DIRECTORS, AND BY EXAMINING FORMS 990 FROM OTHER COMPARABLE ECONOMIC DEVELOPMENT ENTITIES. IN ADDITION, THE EXECUTIVE COMMITTEE MEETS ANNUALLY AND FROM TIME TO TIME WHEN NECESSARY TO ESTABLISH COMPENSATION LEVELS.