Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MISC 451

  total $287,252 · related or exempt $287,252

• 2b · Program service revenue: FORFEITED DISCOUNTS

  total $419,325 · related or exempt $419,325

• 3 · Investment income

  total $173,919 · related or exempt $173,919

• 6a · Gross rents

  real property $700,753

• 6c · Rental income or loss

  real property $700,753

• 6d · Net rental income or loss

  total $700,753

• 7a · Gross sales of assets other than inventory

  other assets $160,371

• 7c · Gain or loss

  other assets $160,371

• 7d · Net gain or loss

  total $160,371

• 10a · Gross sales of inventory

  $56,482,352

• 10b · Cost of goods sold

  $45,880,053

• 10c · Net income from sales of inventory

  total $10,602,299

• 11a · Other revenue: NON OPERATING REVENUE

  total $3,300 · related or exempt $3,300

• 11b · Other revenue: FIBER INCOME

  total $99,748 · related or exempt $99,748

• 11e · Other revenue, total

  $103,048

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $339,666 · management and general $339,666

• 7 · Other salaries and wages

  total $3,786,443 · management and general $3,786,443

• 8 · Pension plan contributions

  total $646,736 · management and general $646,736

• 10 · Payroll taxes

  total $327,545 · management and general $327,545

• 11b · Fees: legal

  total $14,556 · management and general $14,556

• 11c · Fees: accounting

  total $25,024 · management and general $25,024

• 12 · Advertising and promotion

  total $872 · management and general $872

• 13 · Office expenses

  total $500,275 · management and general $500,275

• 19 · Conferences, conventions and meetings

  total $21,082 · management and general $21,082

• 20 · Interest

  total $316,587 · management and general $316,587

• 22 · Depreciation, depletion and amortization

  total $2,736,268 · management and general $2,736,268

• 23 · Insurance

  total $35,497 · management and general $35,497

• 24a · Other expenses: TAXES

  total $246,076 · management and general $246,076

• 24b · Other expenses: MAINTENANCE

  total $1,921,385 · management and general $1,921,385

• 24c · Other expenses: DUES

  total $68,773 · management and general $68,773

• 24d · Other expenses: CUSTOMER CHARGES

  total $650,648 · management and general $650,648

• 24e · All other expenses

  total $253,962 · management and general $253,962

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,655,674 · end of year $363,529

• 2 · Savings and temporary cash investments

  beginning of year $4,738,870 · end of year $537,950

• 4 · Accounts receivable

  beginning of year $3,107,065 · end of year $4,022,926

• 8 · Inventories for sale or use

  beginning of year $1,069,368 · end of year $8,136,249

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

  $93,076,952

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

  $39,117,553

• 10c · Land, buildings and equipment, net

  beginning of year $44,243,842 · end of year $53,959,399

• 13 · Investments: program-related

  beginning of year $335,155 · end of year $345,155

• 15 · Other assets

  beginning of year $542,682 · end of year $338,654

• 17 · Accounts payable and accrued expenses

  beginning of year $5,162,662 · end of year $5,738,174

• 24 · Unsecured notes and loans payable

  end of year $10,340,000

• 25 · Other liabilities

  beginning of year $4,727,013 · end of year $4,264,836

• 29 · Capital stock, trust principal or current funds

  beginning of year $112,668 · end of year $114,968

• 31 · Retained earnings, endowment or other funds

  beginning of year $46,690,312 · end of year $47,245,884

Itemized on Schedule J with no Part VII listing of the same name on this return:

The filer's explanations (Part III)

PART II

SALARY IS REVIEWED AND APPROVED ANNUALLY BY THE BOARD. SALARY DATA IS COLLECTED FROM 3 LINK INDUSTRIES AND COMPARED ON A NATIONAL AND REGIONAL LEVEL.