Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,046,851

• 1f · All other contributions, gifts and grants

  $21,621,459

• 1g · Noncash contributions included above

  $19,420,956

• 2a · Program service revenue: MANAGEMENT INCOME

  total $1,383,041 · related or exempt $1,383,041

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

  total $109,870 · related or exempt $109,870

• 3 · Investment income

  total $1,309,795 · excluded $1,309,795

• 6a · Gross rents

  real property $70,257

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $70,257

• 6d · Net rental income or loss

  total $70,257 · excluded $70,257

• 7a · Gross sales of assets other than inventory

  securities $18,039,818 · other assets $3,002,627

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

  securities $17,855,569 · other assets $2,059,425

• 7c · Gain or loss

  securities $184,249 · other assets $943,202

• 7d · Net gain or loss

  total $1,127,451 · excluded $1,127,451

• 8a · Fundraising events: gross income

  $82,922

• 8b · Fundraising events: direct expenses

  $50,757

• 8c · Net income from fundraising events

  total $32,165 · excluded $32,165

• 10a · Gross sales of inventory

  $56,512,406

• 10b · Cost of goods sold

  $19,143,290

• 10c · Net income from sales of inventory

  total $37,369,116 · related or exempt $37,369,116

• 11a · Other revenue: OTHER REVENUE

  total $17,707 · related or exempt $17,707

• 11e · Other revenue, total

  $17,707

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $232,005 · program services $232,005

• 2 · Grants to domestic individuals

  total $348,129 · program services $348,129

• 5 · Compensation of officers, directors and key employees

  total $1,217,456 · program services $1,089,067 · management and general $128,389

• 7 · Other salaries and wages

  total $26,503,692 · program services $23,708,690 · management and general $2,795,002

• 8 · Pension plan contributions

  total $371,480 · program services $315,481 · management and general $55,999

• 9 · Other employee benefits

  total $3,109,233 · program services $2,640,526 · management and general $468,707

• 10 · Payroll taxes

  total $2,037,536 · program services $1,730,384 · management and general $307,152

• 11d · Fees: lobbying

  total $21,000 · program services $21,000

• 11e · Fees: professional fundraising services

  total $138,050 · fundraising $138,050

• 11g · Fees: other

  total $1,147,204 · program services $755,352 · management and general $391,852

• 12 · Advertising and promotion

  total $45,786 · program services $12,991 · management and general $32,795

• 13 · Office expenses

  total $1,653,539 · program services $1,441,146 · management and general $212,393

• 16 · Occupancy

  total $6,783,331 · program services $6,597,175 · management and general $186,156

• 17 · Travel

  total $150,773 · program services $126,516 · management and general $24,257

• 20 · Interest

  total $1,676,297 · program services $1,534,170 · management and general $142,127

• 22 · Depreciation, depletion and amortization

  total $3,061,112 · program services $2,829,456 · management and general $231,656

• 23 · Insurance

  total $810,717 · program services $688,504 · management and general $122,213

• 24a · Other expenses: SUPPLIES

  total $1,892,656 · program services $1,328,427 · management and general $564,229

• 24b · Other expenses: VEHICLE EXPENSES

  total $1,112,400 · program services $967,144 · management and general $145,256

• 24c · Other expenses: POSTAGE AND SHIPPING

  total $443,924 · program services $441,853 · management and general $2,071

• 24d · Other expenses: OTHER EXPENSES

  total $345,849 · program services $312,860 · management and general $32,989

• 24e · All other expenses

  total $876,815 · program services $429,838 · management and general $446,977

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,768,851 · end of year $11,667,747

• 2 · Savings and temporary cash investments

  beginning of year $22,145,175 · end of year $23,834,247

• 4 · Accounts receivable

  beginning of year $504,273 · end of year $662,295

• 8 · Inventories for sale or use

  beginning of year $1,231,000 · end of year $1,435,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $189,506 · end of year $534,499

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

  $110,992,815

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

  $33,906,417

• 10c · Land, buildings and equipment, net

  beginning of year $81,508,601 · end of year $77,086,398

• 15 · Other assets

  beginning of year $21,608,052 · end of year $21,982,223

• 17 · Accounts payable and accrued expenses

  beginning of year $3,147,243 · end of year $3,297,959

• 19 · Deferred revenue

  beginning of year $311,785 · end of year $216,512

• 20 · Tax-exempt bond liabilities

  beginning of year $16,710,962 · end of year $40,258,238

• 23 · Secured mortgages and notes payable

  beginning of year $30,068,527

• 25 · Other liabilities

  beginning of year $13,984,960 · end of year $12,485,391

• 27 · Net assets without donor restrictions

  beginning of year $69,731,981 · end of year $80,944,309

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