Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $13,974

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $120,000 · program services $120,000

• 7 · Other salaries and wages

  total $34,089 · program services $18,515 · management and general $15,574

• 11b · Fees: legal

  total $287 · management and general $287

• 11c · Fees: accounting

  total $9,961 · management and general $9,961

• 11g · Fees: other

  total $26,329 · program services $26,329

• 13 · Office expenses

  total $805 · management and general $805

• 14 · Information technology

  total $1,040 · management and general $1,040

• 19 · Conferences, conventions and meetings

  total $10,486 · program services $4,881 · management and general $5,605

• 22 · Depreciation, depletion and amortization

  total $13,715 · management and general $13,715

• 24a · Other expenses: COMMUNITY RELATIONS

  total $87,257 · management and general $87,257

• 24b · Other expenses: OVERHEAD ALLOCATION

  total $4,119 · management and general $4,119

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $263,460

• 3 · Pledges and grants receivable

  beginning of year $250,000

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

  $49,375

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

  $13,715

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $35,660

• 17 · Accounts payable and accrued expenses

  beginning of year $10,500 · end of year $130,352

• 25 · Other liabilities

  beginning of year $115,475 · end of year $338,857

• 27 · Net assets without donor restrictions

  beginning of year $124,025 · end of year -$170,089

The filer's explanations (Part III)

PART I, LINE 3

THE PROCESS FOR DETERMINING THE COMPENSATION OF OFFICERS OR KEY EMPLOYEES IS CONDUCTED BY THE RELATED ORGANIZATION, MCSF: THE PRESIDENT AND CEO OF MCSF HIRED AN OUTSIDE FIRM TO COMPLETE A COMPENSATION STUDY OF OFFICERS AND KEY EMPLOYEES. COMPENSATION COMMITTEE PRESENTED RESULTS TO EXECUTIVE COMMITTEE AND REVIEWED SCOPE OF WORK, DEMANDS AND IF CEO ACHIEVED ANNUAL GOALS. RECOMMENDED COMPENSATION WAS DISCUSSED WITH MCSF'S EXECUTIVE COMMITTEE FOR APPROVAL, WITH EVIDENCE OF APPROVAL BEING MAINTAINED BY BOARD CHAIR. MINUTES OF THE MEETINGS ARE MAINTAINED BY MCSF'S COMPENSATION COMMITTEE CHAIR. THE PROCESS WAS LAST UNDERTAKEN IN FY 2023. THE PROCESS OF DETERMINING THE COMPENSATION OF OFFICERS OR KEY EMPLOYEES IS CONDUCTED BY THE RELATED ORGANIZATION, MCSF: THE PRESIDENT AND CEO OF MCSF HIRED HR CONSULTANT TO COMPLETE A COMPENSATION STUDY FOR ENTIRE STAFF. PROCESS INCLUDED SALARY SURVEYS FOR RESPECTIVE POSITIONS AND/OR INTERVIEWS OF OTHER SIMILAR NPOS, AND CONSULTATION WITH EXECUTIVE RECRUITERS REGARDING THEIR RECOMMENDED SALARY BASED ON NATURE AND DUTIES OF THE POSITION. INFORMATION WAS REVIEWED BY MCSF'S PRESIDENT/CEO AND DOCUMENTED BY THE HR CONSULTANT. THE PROCESS WAS LAST UNDERTAKEN IN FY 2023.