Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $463,343

• 2a · Program service revenue: RENT FROM AFFILIATE

  total $86,214 · related or exempt $86,214

• 3 · Investment income

  total $32,536 · excluded $32,536

• 6a · Gross rents

  real property $14,575

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $14,575

• 6d · Net rental income or loss

  total $14,575 · excluded $14,575

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $15,685 · program services $15,685

• 5 · Compensation of officers, directors and key employees

  total $50,000 · program services $50,000

• 11f · Fees: investment management

  total $9,898 · management and general $9,898

• 11g · Fees: other

  total $6,551 · management and general $6,551

• 13 · Office expenses

  total $60 · management and general $60

• 22 · Depreciation, depletion and amortization

  total $38,678 · management and general $38,678

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $557,948 · end of year $1,375,026

• 2 · Savings and temporary cash investments

  beginning of year $224,659 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $195,450 · end of year $176,334

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

  $2,710,235

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

  $775,684

• 10c · Land, buildings and equipment, net

  beginning of year $1,973,229 · end of year $1,934,551

• 11 · Investments: publicly traded securities

  beginning of year $1,333,184 · end of year $1,478,788

• 17 · Accounts payable and accrued expenses

  beginning of year $1,069 · end of year $50,000

• 19 · Deferred revenue

  beginning of year $7,185 · end of year $7,185

• 27 · Net assets without donor restrictions

  beginning of year $4,276,216 · end of year $4,907,514

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE COMMITTEE OF THE BOARD OF THE RELATED ORGANIZATION REVIEWED THE GUIDESTAR COMPENSATION REPORTED AS WELL AS A REPORT THAT COMPARED SIMILAR LOCAL PROVIDERS. IN ADDITION, THE RELATED ORGANIZATION HIRED A CONSULTANT IN FALL 2019 TO COMPARE THE CEO'S COMPENSATION AND BENEFIT PACKAGE TO THOSE PROVIDED BY SIMILAR ORGANIZATIONS LOCALLY, REGIONALLY, AND NATIONALLY.

PART I, LINE 7

THE RELATED ORGANIZATION HAS SIGNED A CONTRACT WITH ITS CHIEF EXECUTIVE OFFICER THAT ALLOWS HIM TO CASH IN ANY MOUNT OF UNUSED PTO AT ANY TIME DURING THE YEAR.