Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $572,260

• 1f · All other contributions, gifts and grants

  $1,016,026,033

• 1g · Noncash contributions included above

  $1,003,964,541

• 2a · Program service revenue: Handling & Service Fee

  total $2,475,300 · related or exempt $2,475,300

• 3 · Investment income

  total $445,712 · excluded $445,712

• 7a · Gross sales of assets other than inventory

  securities $2,020,417

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

  securities $2,101,772

• 7c · Gain or loss

  securities -$81,355

• 7d · Net gain or loss

  total -$81,355 · excluded -$81,355

• 8a · Fundraising events: gross income

  $30,300

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

  $572,260

• 8b · Fundraising events: direct expenses

  $613,195

• 8c · Net income from fundraising events

  total -$582,895 · excluded -$582,895

• 11a · Other revenue: Miscellaneous Revenue

  total $13,058 · excluded $13,058

• 11e · Other revenue, total

  $13,058

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $11,603,185 · program services $11,603,185

• 2 · Grants to domestic individuals

  total $15,812 · program services $15,812

• 3 · Grants to foreign organizations and individuals

  total $812,473,445 · program services $812,473,445

• 5 · Compensation of officers, directors and key employees

  total $1,355,272 · program services $547,545 · management and general $167,138 · fundraising $640,589

• 7 · Other salaries and wages

  total $2,647,448 · program services $1,734,855 · management and general $150,027 · fundraising $762,566

• 8 · Pension plan contributions

  total $157,286 · program services $110,785 · management and general $5,480 · fundraising $41,021

• 9 · Other employee benefits

  total $825,713 · program services $506,485 · management and general $48,938 · fundraising $270,290

• 10 · Payroll taxes

  total $289,845 · program services $172,467 · management and general $18,600 · fundraising $98,778

• 11b · Fees: legal

  total $24,542 · program services $17,499 · management and general $7,043

• 11c · Fees: accounting

  total $87,850 · program services $62,640 · management and general $25,210

• 11e · Fees: professional fundraising services

  total $2,931,723 · fundraising $2,931,723

• 11g · Fees: other

  total $567,880 · program services $404,919 · management and general $162,961

• 13 · Office expenses

  total $821,909 · program services $111,955 · management and general $27,853 · fundraising $682,101

• 16 · Occupancy

  total $72,079 · program services $53,055 · management and general $12,683 · fundraising $6,341

• 17 · Travel

  total $223,904 · program services $133,592 · management and general $19,649 · fundraising $70,663

• 19 · Conferences, conventions and meetings

  total $41,794 · program services $22,958 · management and general $8,806 · fundraising $10,030

• 22 · Depreciation, depletion and amortization

  total $344,249 · program services $237,858 · management and general $63,029 · fundraising $43,362

• 23 · Insurance

  total $187,781 · program services $119,525 · management and general $40,693 · fundraising $27,563

• 24a · Other expenses: GIK Disposals/Recalls

  total $3,449,806 · program services $3,449,806 · management and general $0 · fundraising $0

• 24b · Other expenses: Freight

  total $1,019,858 · program services $1,017,576 · management and general $581 · fundraising $1,701

• 24c · Other expenses: Equipment Rental/Repair

  total $297,982 · program services $244,107 · management and general $32,564 · fundraising $21,311

• 24d · Other expenses: Supplies

  total $174,701 · program services $115,946 · management and general $6,601 · fundraising $52,154

• 24e · All other expenses

  total $151,202 · program services $77,567 · management and general $52,602 · fundraising $21,033

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,195,674 · end of year $2,255,771

• 8 · Inventories for sale or use

  beginning of year $117,611,805 · end of year $297,220,961

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,454,054 · end of year $931,314

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

  $15,865,585

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

  $5,375,702

• 10c · Land, buildings and equipment, net

  beginning of year $4,416,935 · end of year $10,489,883

• 11 · Investments: publicly traded securities

  beginning of year $4,130,537 · end of year $7,585,477

• 17 · Accounts payable and accrued expenses

  beginning of year $1,048,205 · end of year $790,055

• 23 · Secured mortgages and notes payable

  end of year $3,081,852

• 25 · Other liabilities

  beginning of year $119,897 · end of year $104,263

• 27 · Net assets without donor restrictions

  beginning of year $58,215,447 · end of year $65,994,037

• 28 · Net assets with donor restrictions

  beginning of year $77,425,456 · end of year $248,513,199

The filer's explanations (Part III)

Part I, Line 1a

Travel for the spouse of the President/CEO is permitted with prior approval from an Officer of the Board of Directors. Receipts are required to be submitted for reimbursement of all travel expenses. The travel expenses are not taxable as the Board considers the travel to be for bona fide business purposes. The Organization maintains an office in both Brunswick, Georgia and Atlanta, Georgia. The CEO's duties include board relations and development, as well as donor (including corporate, foundation, and other major donors) and external relations which require frequent travel. Working out of Atlanta makes the CEO more available and flexible to last-minute travel requirements out of the Atlanta international airport and accessible for meetings with the Organization's leadership, donors, and other partners in the Atlanta area. Similarly, the CEO's duties include oversight of the Organization's operations and financial management which require his presence in Brunswick at the Organization's headquarters and global distribution center. Therefore at the direction of the Organization's Board and for the benefit of the Organization, the CEO splits his time working from both the Brunswick headquarters office and the Organization's global health office in Atlanta. The Organization's Executive Committee approved an increase the CEO's taxable compensation in the form of a housing allowance in recognition of the fact that the CEO incurs duplicative housing expenses in connection with this dual working arrangement. The housing allowance benefit was appropriately treated as additional reportable compensation to the CEO. The housing allowance benefit, together with the CEO's overall compensation arrangements, were reviewed and approved by an independent Executive Committee of the Board pursuant to the compensation-setting process further described in Schedule O.

Part I, Line 4b

In 2021, the Organization entered into a nonqualified deferred compensation arrangement with its CEO, Steven G. Stirling. The arrangement was reviewed and approved by an independent Executive Committee of the Organization's Board of Directors pursuant to the compensation-setting process further described in Schedule O. Under the arrangement, $25,000 was approved in December 2021 and $27,500 was approved in December 2022, to be paid to the CEO upon the occurrence of certain events in the future. Due to an administrative oversight, the Organization did not record the deferred compensation expense or associated liability until after the fiscal year ended September 30, 2023. Both the $25,000 approved in 2021 and the $27,500 approved in 2022 have been reported on this Form 990, Schedule J, Part II, Column C.