Form 990 for tax year 2023
Filed by SILVER BAY ASSOCIATION FOR CHRISTIAN CONFERENCE AND TRAINING.
Totals
- Total revenue
- $10,726,001
- Total expenses
- $10,610,638
- Contributions and grants received
- $4,500,413
- Grants paid
- $30,782
- Program service revenue
- $4,570,355
- Investment income
- $1,498,283
- Other revenue
- $156,950
- Total assets, end of year
- $45,966,104
- Total liabilities, end of year
- $3,556,236
- Net assets or fund balances, end of year
- $42,409,868
- Program services expenses (Part IX)
- $8,847,682
- Management and general expenses
- $1,486,593
- Fundraising expenses
- $276,363
- Program service expenses (Part III)
- $8,847,682
Program services were 83.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1b · Membership dues
$347,453
-
1e · Government grants (contributions)
$69,725
-
1f · All other contributions, gifts and grants
$4,083,235
-
2a · Program service revenue: CONFERENCE FEES
total $2,317,382 · related or exempt $2,317,382
-
2b · Program service revenue: GUEST REVENUE
total $1,838,079 · related or exempt $1,838,079
-
2c · Program service revenue: PROGRAM REVENUE
total $414,894 · related or exempt $414,894
-
3 · Investment income
total $472,611 · excluded $472,611
-
7a · Gross sales of assets other than inventory
securities $7,701,351
-
7b · Less cost or other basis and sales expenses
securities $6,675,679
-
7c · Gain or loss
securities $1,025,672
-
7d · Net gain or loss
total $1,025,672 · excluded $1,025,672
-
10a · Gross sales of inventory
$216,740
-
10b · Cost of goods sold
$59,790
-
10c · Net income from sales of inventory
total $156,950 · excluded $156,950
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $30,782 · program services $30,782
-
5 · Compensation of officers, directors and key employees
total $351,133 · management and general $351,133
-
7 · Other salaries and wages
total $4,200,784 · program services $3,542,704 · management and general $512,929 · fundraising $145,151
-
8 · Pension plan contributions
total $169,763 · program services $135,649 · management and general $30,479 · fundraising $3,635
-
9 · Other employee benefits
total $364,179 · program services $298,445 · management and general $45,479 · fundraising $20,255
-
10 · Payroll taxes
total $305,878 · program services $240,265 · management and general $55,449 · fundraising $10,164
-
11b · Fees: legal
total $7,838 · management and general $7,838
-
11c · Fees: accounting
total $29,375 · management and general $29,375
-
11f · Fees: investment management
total $49,770 · management and general $49,770
-
11g · Fees: other
total $29,072 · management and general $29,072
-
16 · Occupancy
total $282,865 · program services $282,865
-
17 · Travel
total $72,690 · program services $58,571 · management and general $10,387 · fundraising $3,732
-
20 · Interest
total $115,109 · program services $115,109
-
22 · Depreciation, depletion and amortization
total $1,394,673 · program services $1,394,673
-
23 · Insurance
total $283,933 · program services $283,933
-
24a · Other expenses: PROGRAMS
total $578,579 · program services $578,579
-
24b · Other expenses: FOOD PURCHASES
total $563,303 · program services $563,303
-
24c · Other expenses: EQUIPMENT MAINTENANCE
total $513,078 · program services $325,797 · management and general $187,281
-
24d · Other expenses: BUILDINGS - REPAIRS AND
total $236,498 · program services $236,498
-
24e · All other expenses
total $1,031,336 · program services $760,509 · management and general $177,401 · fundraising $93,426
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $22,997 · end of year $21,837
-
2 · Savings and temporary cash investments
beginning of year $3,983,423 · end of year $2,604,813
-
3 · Pledges and grants receivable
beginning of year $5,295 · end of year $4,295
-
4 · Accounts receivable
beginning of year $12,744 · end of year $8,671
-
8 · Inventories for sale or use
beginning of year $92,431 · end of year $81,449
-
9 · Prepaid expenses and deferred charges
beginning of year $99,331 · end of year $104,726
-
10a · Land, buildings and equipment: cost or other basis
$45,520,330
-
10b · Land, buildings and equipment: accumulated depreciation
$17,739,036
-
10c · Land, buildings and equipment, net
beginning of year $28,295,863 · end of year $27,781,294
-
11 · Investments: publicly traded securities
beginning of year $13,524,708 · end of year $15,350,265
-
15 · Other assets
beginning of year $15,343 · end of year $8,754
-
17 · Accounts payable and accrued expenses
beginning of year $278,281 · end of year $365,145
-
19 · Deferred revenue
beginning of year $647,787 · end of year $677,070
-
23 · Secured mortgages and notes payable
beginning of year $3,365,609 · end of year $2,505,267
-
25 · Other liabilities
beginning of year $15,343 · end of year $8,754
-
27 · Net assets without donor restrictions
beginning of year $35,118,002 · end of year $35,487,044
-
28 · Net assets with donor restrictions
beginning of year $6,627,113 · end of year $6,922,824
Mission and programs · 2023
Mission
SEE SCHEDULE O
-
SEE SCHEDULE O
Expenses $8,847,682 · Grants $30,782 · Revenue $4,570,355
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
DAVID KAISER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
STEPHANIE WAGONER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
THOMAS SCHAFFER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PAUL NASRANI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JACK MANGIANTE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
BETH WHITAKER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MICHELLE HAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
KATHY WILSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEREMY FISCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
HOWARD CRUSEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DENISE CARTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
PAUL BELL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
MELISSA ADAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
DAVID GRAY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JONATHAN LOANE
TREASURER & VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MORRIS PETERS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
ELISE WALTON
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
JOEL WATTENBARGER
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
MALETTA HOURIGAN
CFO
- Total calculated
- $138,029
- From this org
- $113,140
- From related orgs
- $0
- Other
- $24,889
- Hours/week
- 40
-
PETER DOLIBER
CEO
- Total calculated
- $213,104
- From this org
- $173,197
- From related orgs
- $0
- Other
- $39,907
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $173,197
- Bonus
- $0
- Other
- $0
- Deferred
- $18,200
- Nontaxable benefits
- $21,707
- Filer's total
- $213,104
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 2 · Substantiation required before reimbursing expenses
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 1A
- THE CEO LIVES ON CAMPUS AND DOES NOT RECEIVE A HOUSING ALLOWANCE. THE CEO PAYS $6,240 PER YEAR FOR THIS BENEFIT.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402409349300105
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