Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,182,196

• 1e · Government grants (contributions)

  $75,000

• 1f · All other contributions, gifts and grants

  $7,051,502

• 2a · Program service revenue: MENTORING HOME RENTAL INCOME

  total $1,355,281 · related or exempt $1,355,281

• 3 · Investment income

  total $212,576 · excluded $212,576

• 7a · Gross sales of assets other than inventory

  other assets $677,802

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

  other assets $807,924

• 7c · Gain or loss

  other assets -$130,122

• 7d · Net gain or loss

  total -$130,122 · related or exempt -$130,122

• 8a · Fundraising events: gross income

  $151,950

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

  $1,182,196

• 8b · Fundraising events: direct expenses

  $247,702

• 8c · Net income from fundraising events

  total -$95,752 · excluded -$95,752

• 11a · Other revenue: TRIPS/RETREATS

  total $45,103 · related or exempt $45,103

• 11b · Other revenue: MERCHANDISE

  total $12,323 · excluded $12,323

• 11c · Other revenue: MISCELLANEOUS

  total $7,535 · related or exempt $7,535

• 11d · All other revenue

  total $482 · related or exempt $482

• 11e · Other revenue, total

  $65,443

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $480,584 · program services $303,138 · management and general $88,723 · fundraising $88,723

• 7 · Other salaries and wages

  total $2,910,420 · program services $1,946,356 · management and general $358,553 · fundraising $605,511

• 8 · Pension plan contributions

  total $35,090 · program services $27,126 · management and general $4,426 · fundraising $3,538

• 9 · Other employee benefits

  total $146,096 · program services $92,689 · management and general $21,430 · fundraising $31,977

• 10 · Payroll taxes

  total $248,166 · program services $165,970 · management and general $31,764 · fundraising $50,432

• 11b · Fees: legal

  total $43,590 · program services $33,590 · management and general $10,000

• 11c · Fees: accounting

  total $175,411 · management and general $175,411

• 11g · Fees: other

  total $138,629 · management and general $138,629

• 12 · Advertising and promotion

  total $722,860 · program services $78,760 · management and general $132,728 · fundraising $511,372

• 13 · Office expenses

  total $158,029 · program services $31,775 · management and general $81,260 · fundraising $44,994

• 14 · Information technology

  total $82,394 · program services $69,984 · management and general $12,410

• 16 · Occupancy

  total $920,571 · program services $822,640 · management and general $65,287 · fundraising $32,644

• 17 · Travel

  total $401,602 · program services $274,730 · management and general $23,954 · fundraising $102,918

• 22 · Depreciation, depletion and amortization

  total $418,203 · program services $344,917 · management and general $53,506 · fundraising $19,780

• 23 · Insurance

  total $202,302 · program services $179,687 · management and general $15,829 · fundraising $6,786

• 24a · Other expenses: OTHER POT EXPENSES

  total $485,235 · program services $485,235

• 24b · Other expenses: OTHER CDT EXPENSES

  total $186,058 · fundraising $186,058

• 24c · Other expenses: OTHER COSTS

  total $101,524 · program services $95,918 · management and general $5,607 · fundraising -$1

• 24d · Other expenses: OTHER FH EXPENSES

  total $83,426 · program services $83,426

• 24e · All other expenses

  total $25,972 · management and general $25,972

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,291,535 · end of year $1,053,064

• 2 · Savings and temporary cash investments

  beginning of year $4,538,453 · end of year $6,659,373

• 3 · Pledges and grants receivable

  end of year $1,500

• 4 · Accounts receivable

  beginning of year $41,796 · end of year $8,949

• 9 · Prepaid expenses and deferred charges

  beginning of year $102,071 · end of year $65,036

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

  $11,389,641

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

  $1,359,932

• 10c · Land, buildings and equipment, net

  beginning of year $10,279,423 · end of year $10,029,709

• 15 · Other assets

  beginning of year $945,927 · end of year $792,124

• 17 · Accounts payable and accrued expenses

  beginning of year $43,815 · end of year $135,878

• 23 · Secured mortgages and notes payable

  beginning of year $2,003,114 · end of year $757,152

• 25 · Other liabilities

  beginning of year $909,685 · end of year $724,172

• 27 · Net assets without donor restrictions

  beginning of year $14,962,145 · end of year $15,187,006

• 28 · Net assets with donor restrictions

  beginning of year $280,446 · end of year $1,805,547

The filer's explanations (Part III)

PART I, LINE 3

ON AN ANNUAL BASIS, EXECUTIVE SALARIES ARE DISCUSSED, REVIEWED & CONSIDERED FOR RAISES. THIS HAPPENS AT THE QUARTERLY HIA BOARD MEETINGS. MARKET COMPARISONS & NON-PROFIT SALARIES REPORTS ARE USED TO GAUGE COMPARABLE SALARIES, ALONG WITH DISCUSSION FROM BUSINESS LEADERS ON THE BOARD & REVIEW OF PERFORMANCE AND KEY OBJECTIVES. AFTER DISCUSSION, SALARIES ARE PROPOSED & THEN VOTED ON FOR APPROVAL.

PART I, LINE 7

THE BONUSES PAID TO LANCE AND ALLY DURING THE YEAR IS BASED ON RECOGNITION OF THEIR PERSONAL PERFORMANCE AND ORGANIZATIONAL GROWTH. THE BONUSES ARE REVIEWED AND APPROVED BY HOPE IS ALIVE'S EXECUTIVE BOARD.