Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,330,886

• 1e · Government grants (contributions)

  $163,979

• 1f · All other contributions, gifts and grants

  $3,595,489

• 1g · Noncash contributions included above

  $949,829

• 3 · Investment income

  total $213,293 · excluded $213,293

• 7a · Gross sales of assets other than inventory

  securities $194,137 · other assets $80,464

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

  securities $193,701 · other assets $310,069

• 7c · Gain or loss

  securities $436 · other assets -$229,605

• 7d · Net gain or loss

  total -$229,169 · excluded -$229,169

• 8a · Fundraising events: gross income

  $209,460

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

  $1,330,886

• 8b · Fundraising events: direct expenses

  $311,098

• 8c · Net income from fundraising events

  total -$101,638 · excluded -$101,638

• 9a · Gaming: gross income

  $63,559

• 9b · Gaming: direct expenses

  $4,041

• 9c · Net income from gaming

  total $59,518 · excluded $59,518

• 11a · Other revenue: MISCELLANEOUS

  total $10,957 · excluded $10,957

• 11b · Other revenue: REBATES

  total $4,429 · excluded $4,429

• 11e · Other revenue, total

  $15,386

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $952,615 · program services $952,615

• 2 · Grants to domestic individuals

  total $627,969 · program services $627,969

• 5 · Compensation of officers, directors and key employees

  total $316,466 · program services $190,378 · management and general $85,907 · fundraising $40,181

• 7 · Other salaries and wages

  total $1,870,542 · program services $1,505,109 · management and general $70,570 · fundraising $294,863

• 8 · Pension plan contributions

  total $33,370 · program services $27,763 · management and general $247 · fundraising $5,360

• 9 · Other employee benefits

  total $170,032 · program services $159,620 · management and general $10,412

• 10 · Payroll taxes

  total $178,525 · program services $138,802 · management and general $12,091 · fundraising $27,632

• 11c · Fees: accounting

  total $120,124 · management and general $120,124

• 11e · Fees: professional fundraising services

  total $10,840 · fundraising $10,840

• 11g · Fees: other

  total $85,808 · management and general $60,792 · fundraising $25,016

• 12 · Advertising and promotion

  total $86,989 · management and general $11,493 · fundraising $75,496

• 13 · Office expenses

  total $561,356 · program services $436,546 · management and general $124,810

• 16 · Occupancy

  total $162,821 · program services $130,257 · management and general $32,564

• 17 · Travel

  total $52,201 · program services $49,763 · fundraising $2,438

• 19 · Conferences, conventions and meetings

  total $70,361 · management and general $70,361

• 20 · Interest

  total $84,367 · program services $59,479 · management and general $24,888

• 22 · Depreciation, depletion and amortization

  total $64,499 · program services $56,026 · management and general $8,473

• 23 · Insurance

  total $92,087 · program services $83,324 · management and general $8,763

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $6,630,901 · end of year $5,382,814

• 3 · Pledges and grants receivable

  beginning of year $394,605 · end of year $233,098

• 8 · Inventories for sale or use

  beginning of year $756,754 · end of year $508,048

• 9 · Prepaid expenses and deferred charges

  beginning of year $177,457 · end of year $117,744

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

  $2,534,743

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

  $79,987

• 10c · Land, buildings and equipment, net

  beginning of year $1,737,536 · end of year $2,454,756

• 15 · Other assets

  beginning of year $87,964 · end of year $754,775

• 17 · Accounts payable and accrued expenses

  beginning of year $97,799 · end of year $215,581

• 19 · Deferred revenue

  beginning of year $14,062 · end of year $25,487

• 23 · Secured mortgages and notes payable

  beginning of year $706,081 · end of year $1,779,250

• 25 · Other liabilities

  beginning of year $89,882 · end of year $30,260

• 27 · Net assets without donor restrictions

  beginning of year $5,301,106 · end of year $5,366,050

• 28 · Net assets with donor restrictions

  beginning of year $3,576,287 · end of year $2,034,607

The filer's explanations (Part III)

PART I, LINE 7

THERE ARE SEVERAL METRICS FACTORED INTO DETERMINING THE BONUS/INCENTIVE COMPENSATION PAID. THE BOARD OF DIRECTORS HAS THE DISCRETION OF APPROVING ADDITIONAL BONUSES THROUGHOUT THE YEAR AS THEY SEE FIT BASED ON KEY METRICS AND GOALS ACHIEVED.

SCHEDULE J PART II:

THE LITTLE BIT FOUNDATION MAY PROVIDE EXECUTIVES WITH LUMP-SUM BONUSES BASED ON THE EXECUTIVE'S PERFORMANCE AGAINST PRE-ESTABLISHED GOALS, RETENTION CRITERIA DURING A MAJOR ORGANIZATION TRANSITION, THE RESULTS ACHIEVED BY THE ORGANIZATION, AND/OR ONE-TIME SPECIAL RECOGNITION FOR SIGNIFICANT EVENTS OUTSIDE OF NORMAL COURSE OF BUSINESS (E.G., COVID-19 PANDEMIC). AT THE LITTLE BIT FOUNDATION'S DISCRETION, BONUSES MAY BE PAID IN A CALENDAR YEAR SUBSEQUENT TO THE YEAR IN WHICH THEY ARE EARNED. AS SUCH, TOTAL COMPENSATION PAID IN A GIVEN YEAR MAY BE HIGHER THAN COMPENSATION EARNED IN A 12-MONTH PERIOD. THE PROCESS FOR DETERMINING COMPENSATION FOR THE CEO AND THE ORGANIZATION'S OFFICERS INCLUDES REVIEW BY INDEPENDENT BOARD MEMBERS. THE DATA FOR THIS REVIEW INCLUDES INFORMATION FROM FORM 990 FOR OTHER ORGANIZATIONS AS WELL AS DATA FROM COMPENSATION SURVEYS AND STUDIES.