Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $45,098

• 1e · Government grants (contributions)

  $931,082

• 1f · All other contributions, gifts and grants

  $2,545,226

• 2a · Program service revenue: MICROLOAN INTEREST

  total $290,147 · related or exempt $290,147

• 2b · Program service revenue: MICROLOAN FEES

  total $66,280 · related or exempt $66,280

• 2c · Program service revenue: LOAN RECOVERY REVENUE

  total $8,749 · related or exempt $8,749

• 3 · Investment income

  total $75,142 · excluded $75,142

• 7a · Gross sales of assets other than inventory

  securities $84,866

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

  securities $60,340 · other assets $13,218

• 7c · Gain or loss

  securities $24,526 · other assets -$13,218

• 7d · Net gain or loss

  total $11,308 · excluded $11,308

• 8a · Fundraising events: gross income

  $380,043

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

  $45,098

• 8b · Fundraising events: direct expenses

  $128,970

• 8c · Net income from fundraising events

  total $251,073 · excluded $251,073

• 11a · Other revenue: OTHER INCOME

  total $3,590 · excluded $3,590

• 11e · Other revenue, total

  $3,590

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $181,718 · program services $181,718

• 5 · Compensation of officers, directors and key employees

  total $448,404 · program services $313,882 · management and general $67,261 · fundraising $67,261

• 7 · Other salaries and wages

  total $1,062,138 · program services $743,496 · management and general $159,321 · fundraising $159,321

• 8 · Pension plan contributions

  total $17,928 · program services $12,550 · management and general $2,689 · fundraising $2,689

• 9 · Other employee benefits

  total $88,228 · program services $61,760 · management and general $13,234 · fundraising $13,234

• 10 · Payroll taxes

  total $108,232 · program services $75,762 · management and general $16,235 · fundraising $16,235

• 11b · Fees: legal

  total $70,010 · program services $51,170 · management and general $11,313 · fundraising $7,527

• 11c · Fees: accounting

  total $112,811 · program services $85,398 · management and general $12,409 · fundraising $15,004

• 11f · Fees: investment management

  total $13,106 · management and general $13,106

• 11g · Fees: other

  total $177,152 · program services $129,480 · management and general $28,626 · fundraising $19,046

• 13 · Office expenses

  total $66,519 · program services $38,319 · management and general $17,230 · fundraising $10,970

• 14 · Information technology

  total $4,438 · program services $2,916 · management and general $1,065 · fundraising $457

• 16 · Occupancy

  total $99,515 · program services $69,661 · management and general $14,927 · fundraising $14,927

• 17 · Travel

  total $14,946 · program services $6,846 · management and general $7,451 · fundraising $649

• 19 · Conferences, conventions and meetings

  total $19,232 · program services $8,809 · management and general $9,588 · fundraising $835

• 20 · Interest

  total $88,129 · program services $71,261 · management and general $16,868

• 22 · Depreciation, depletion and amortization

  total $15,556 · program services $11,080 · management and general $1,934 · fundraising $2,542

• 23 · Insurance

  total $18,098 · program services $13,700 · management and general $1,991 · fundraising $2,407

• 24a · Other expenses: BAD DEBTS

  total $232,961 · program services $228,957 · fundraising $4,004

• 24b · Other expenses: PROGRAM/EVENT EXPENSES

  total $151,955 · program services $151,955

• 24c · Other expenses: MEMBERSHIPS/SUBSCRIPTIO

  total $14,208 · program services $3,835 · management and general $10,373

• 24d · Other expenses: MISCELLANEOUS

  total $2,284 · program services $456 · fundraising $1,828

• 24e · All other expenses

  total $1,118 · program services $782 · management and general $168 · fundraising $168

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,264,863 · end of year $5,657,732

• 2 · Savings and temporary cash investments

  beginning of year $1,174,383 · end of year $1,707,287

• 3 · Pledges and grants receivable

  beginning of year $101,292 · end of year $62,272

• 4 · Accounts receivable

  beginning of year $12,509 · end of year $445

• 9 · Prepaid expenses and deferred charges

  beginning of year $53,427 · end of year $56,233

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

  $74,205

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

  $72,597

• 10c · Land, buildings and equipment, net

  beginning of year $17,163 · end of year $1,608

• 11 · Investments: publicly traded securities

  beginning of year $894,949 · end of year $1,167,889

• 13 · Investments: program-related

  beginning of year $4,191,442 · end of year $3,301,248

• 15 · Other assets

  beginning of year $334,285 · end of year $270,429

• 17 · Accounts payable and accrued expenses

  beginning of year $218,475 · end of year $266,215

• 19 · Deferred revenue

  beginning of year $2,648,846 · end of year $2,609,060

• 23 · Secured mortgages and notes payable

  beginning of year $840,456 · end of year $569,829

• 24 · Unsecured notes and loans payable

  beginning of year $5,048,980 · end of year $4,865,604

• 25 · Other liabilities

  beginning of year $334,285 · end of year $270,429

• 27 · Net assets without donor restrictions

  beginning of year $1,305,291 · end of year $1,534,752

• 28 · Net assets with donor restrictions

  beginning of year $1,647,980 · end of year $2,109,254

The filer's explanations (Part III)

PART I, LINE 1A

PAYMENT FOR DAC SOCIAL CLUB FEE IS PART OF THE CEO CONTRACT.

PART I, LINE 6

FYE PAYMENT MADE IN DEC AS BONUS FOR NET INCOME OF ORGANIZATION +$100,000. BONUS IS INITIALLY ELIGIBLE FOR TEAM MEMBERS BASED ON FINANCIAL PERFORMANCE OF THE ORGANIZATION, BUT PAYOUT IS BASED ON PROGRESS IN MEETING THEIR ANNUAL GOALS.