Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,024,394

• 1f · All other contributions, gifts and grants

  $1,081,840

• 1g · Noncash contributions included above

  $870,304

• 2a · Program service revenue: HOSPITAL ALLIANCE

  total $192,375 · related or exempt $192,375

• 2b · Program service revenue: BEAUTY TRAINING INITIA

  total $37,500 · related or exempt $37,500

• 3 · Investment income

  total $79,374 · excluded $79,374

• 8a · Fundraising events: gross income

  $0

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

  $1,024,394

• 8b · Fundraising events: direct expenses

  $255,548

• 8c · Net income from fundraising events

  total -$255,548 · excluded -$255,548

• 11a · Other revenue: MISCELLANEOUS

  total $2,167 · excluded $2,167

• 11e · Other revenue, total

  $2,167

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $258,565 · program services $155,786 · management and general $46,327 · fundraising $56,452

• 7 · Other salaries and wages

  total $622,755 · program services $377,770 · management and general $110,349 · fundraising $134,636

• 8 · Pension plan contributions

  total $33,300 · program services $19,314 · management and general $6,327 · fundraising $7,659

• 9 · Other employee benefits

  total $39,961 · program services $23,177 · management and general $7,593 · fundraising $9,191

• 10 · Payroll taxes

  total $55,390 · program services $32,126 · management and general $10,524 · fundraising $12,740

• 11c · Fees: accounting

  total $60,318 · management and general $60,318

• 11f · Fees: investment management

  total $11,957 · management and general $11,957

• 11g · Fees: other

  total $92,731 · program services $86,413 · fundraising $6,318

• 13 · Office expenses

  total $5,889 · program services $4,561 · management and general $792 · fundraising $536

• 14 · Information technology

  total $109,577 · program services $77,067 · management and general $25,048 · fundraising $7,462

• 16 · Occupancy

  total $167,936 · program services $132,138 · management and general $16,996 · fundraising $18,802

• 17 · Travel

  total $483 · management and general $483

• 22 · Depreciation, depletion and amortization

  total $26,112 · program services $17,408 · management and general $8,704

• 23 · Insurance

  total $37,693 · management and general $37,693

• 24a · Other expenses: IN-KIND COSMETICS

  total $870,304 · program services $870,304

• 24b · Other expenses: FULFILLMENT SERVICES

  total $44,911 · program services $44,911

• 24c · Other expenses: CC FEES

  total $4,186 · fundraising $4,186

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $250 · end of year $250

• 2 · Savings and temporary cash investments

  beginning of year $308,153 · end of year $125,311

• 4 · Accounts receivable

  beginning of year $193,946 · end of year $115,974

• 9 · Prepaid expenses and deferred charges

  beginning of year $156,520 · end of year $155,456

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

  $464,452

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

  $464,452

• 10c · Land, buildings and equipment, net

  beginning of year $26,112 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $1,991,402 · end of year $1,518,109

• 15 · Other assets

  beginning of year $0 · end of year $129,285

• 17 · Accounts payable and accrued expenses

  beginning of year $145,861 · end of year $41,353

• 19 · Deferred revenue

  beginning of year $31,250 · end of year $24,625

• 25 · Other liabilities

  beginning of year $114,983 · end of year $189,794

• 27 · Net assets without donor restrictions

  beginning of year $2,384,289 · end of year $1,788,613

The filer's explanations (Part III)

PART I, LINE 1A

TAX INDEMNIFICATIONS AND GROSS-UP PAYMENTS - THE FOUNDATION DISTRIBUTES SMALL DENOMINATION HOLIDAY GIFT CARDS TO THE STAFF AT ALL LEVELS AND REPORTS THOSE GIFT CARDS ON THE STAFF PERSON'S W-2. OCCASSIONALLY OTHER SMALL GIFTS ARE GIVEN TO STAFF, AND THESE ALSO ARE RECORDED ON THE STAFF PERSON'S W-2 (HOWEVER THOSE MAY OR MAY NOT INCLUDE A GROSS-UP AMOUNT).

PART I, LINE 3

THE COMPENSATION OF INDIVIDUALS LISTED ON FORM 990, PART VII AND SCHEDULE J, PART II IS PAID BY PCPC, A RELATED ORGANIZATION. THE FOUNDATION RELIES ON THE COMPENSATION DETERMINATION METHODOLOGY OF PCPC. THAT ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION FOR ITS CEO: COMPENSATION COMMITTEE, WRITTEN EMPLOYMENT CONTRACT, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.