Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $85,000

• 1c · Fundraising events

  $186,665

• 1e · Government grants (contributions)

  $2,219,071

• 1f · All other contributions, gifts and grants

  $1,421,064

• 2a · Program service revenue: DAY MEDICAL CENTER

  total $1,961,844 · related or exempt $1,961,844

• 2b · Program service revenue: ADULT DAY CARE

  total $1,181,307 · related or exempt $1,181,307

• 2c · Program service revenue: MEALS ON WHEELS

  total $485,032 · related or exempt $485,032

• 2d · Program service revenue: SENIOR CENTER

  total $179,309 · related or exempt $96,382 · unrelated business $82,927

• 2e · Program service revenue: CASE MANAGEMENT & OTHER SVCS

  total $16,573 · related or exempt $16,573

• 3 · Investment income

  total $129,769 · excluded $129,769

• 6a · Gross rents

  real property $67,816

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $67,816

• 6d · Net rental income or loss

  total $67,816 · excluded $67,816

• 7a · Gross sales of assets other than inventory

  securities $2,562,838

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

  securities $2,083,374

• 7c · Gain or loss

  securities $479,464

• 7d · Net gain or loss

  total $479,464 · excluded $479,464

• 8a · Fundraising events: gross income

  $40,975

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

  $186,665

• 8b · Fundraising events: direct expenses

  $61,048

• 8c · Net income from fundraising events

  total -$20,073 · excluded -$20,073

• 11a · Other revenue: MISCELLANEOUS

  total $9,705 · related or exempt $9,705

• 11e · Other revenue, total

  $9,705

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $286,764 · program services $158,328 · management and general $122,378 · fundraising $6,058

• 7 · Other salaries and wages

  total $3,677,000 · program services $3,164,344 · management and general $305,700 · fundraising $206,956

• 9 · Other employee benefits

  total $308,739 · program services $201,292 · management and general $97,615 · fundraising $9,832

• 10 · Payroll taxes

  total $292,426 · program services $244,917 · management and general $31,864 · fundraising $15,645

• 11g · Fees: other

  total $237,372 · program services $172,342 · management and general $56,348 · fundraising $8,682

• 12 · Advertising and promotion

  total $48,960 · program services $9,718 · management and general $34,937 · fundraising $4,305

• 16 · Occupancy

  total $155,042 · program services $98,249 · management and general $56,793

• 17 · Travel

  total $29,327 · program services $20,107 · management and general $7,211 · fundraising $2,009

• 20 · Interest

  total $42,352 · management and general $42,352

• 22 · Depreciation, depletion and amortization

  total $373,488 · program services $68,532 · management and general $304,956

• 23 · Insurance

  total $263,858 · program services $117,731 · management and general $141,667 · fundraising $4,460

• 24a · Other expenses: CLIENT MEALS AND SERVIC

  total $1,409,058 · program services $1,316,687 · management and general $91,799 · fundraising $572

• 24b · Other expenses: FUEL AND SUPPLIES

  total $264,909 · program services $229,802 · management and general $24,387 · fundraising $10,720

• 24c · Other expenses: BUILDING SERVICES & STO

  total $179,549 · program services $105,887 · management and general $73,662

• 24d · Other expenses: MAINTENANCE

  total $155,482 · program services $88,724 · management and general $66,758

• 24e · All other expenses

  total $284,003 · program services $913,987 · management and general -$689,684 · fundraising $59,700

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $806,879 · end of year $534,928

• 2 · Savings and temporary cash investments

  beginning of year $1,071,719 · end of year $823,745

• 3 · Pledges and grants receivable

  beginning of year $1,319,792 · end of year $1,258,752

• 4 · Accounts receivable

  beginning of year $236,426 · end of year $379,358

• 8 · Inventories for sale or use

  beginning of year $7,763 · end of year $6,110

• 9 · Prepaid expenses and deferred charges

  beginning of year $97,568 · end of year $96,524

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

  $12,840,187

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

  $5,989,702

• 10c · Land, buildings and equipment, net

  beginning of year $6,936,810 · end of year $6,850,485

• 12 · Investments: other securities

  beginning of year $3,712,830 · end of year $4,600,252

• 15 · Other assets

  beginning of year $86,629 · end of year $124,262

• 17 · Accounts payable and accrued expenses

  beginning of year $519,429 · end of year $531,955

• 23 · Secured mortgages and notes payable

  beginning of year $658,398 · end of year $500,708

• 24 · Unsecured notes and loans payable

  beginning of year $144,544 · end of year $140,780

• 25 · Other liabilities

  beginning of year $79,083 · end of year $121,632

• 27 · Net assets without donor restrictions

  beginning of year $9,594,509 · end of year $10,154,337

• 28 · Net assets with donor restrictions

  beginning of year $3,280,453 · end of year $3,225,004

The filer's explanations (Part III)

PART I, LINE 3

COUNCIL ON AGING OF MARTIN COUNTY INITIATED AN AGREEMENT WITH EFFECTIVE RESOURCES TO PERFORM A MARKET ANALYSIS OF PAY STRUCTURES AND PRESENT RECOMMENDATIONS TO THE MANAGEMENT TEAM AND BOARD OF DIRECTORS.