Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $81,153

• 1d · Related organizations

  $223,674

• 1f · All other contributions, gifts and grants

  $223,850

• 1g · Noncash contributions included above

  $35,909

• 2a · Program service revenue: AFFILIATE SHARED SVCS

  total $3,400,494 · related or exempt $3,400,494

• 3 · Investment income

  total $157,247 · excluded $157,247

• 6a · Gross rents

  real property $31,834

• 6b · Less rental expenses

  real property $36,084

• 6c · Rental income or loss

  real property -$4,250

• 6d · Net rental income or loss

  total -$4,250 · excluded -$4,250

• 7a · Gross sales of assets other than inventory

  securities $36,068 · other assets $227,831

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

  securities $35,909 · other assets $214,131

• 7c · Gain or loss

  securities $159 · other assets $13,700

• 7d · Net gain or loss

  total $13,859 · excluded $13,859

• 10a · Gross sales of inventory

  $870

• 10b · Cost of goods sold

  $157

• 10c · Net income from sales of inventory

  total $713 · related or exempt $713

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $689,080 · program services $689,080

• 5 · Compensation of officers, directors and key employees

  total $770,595 · program services $176,178 · management and general $594,417

• 7 · Other salaries and wages

  total $1,049,721 · program services $710,000 · management and general $108,743 · fundraising $230,978

• 8 · Pension plan contributions

  total $72,810 · program services $49,566 · management and general $10,615 · fundraising $12,629

• 9 · Other employee benefits

  total $196,195 · program services $136,271 · management and general $18,917 · fundraising $41,007

• 10 · Payroll taxes

  total $125,058 · program services $72,114 · management and general $34,351 · fundraising $18,593

• 11b · Fees: legal

  total $31,216 · program services $31,216

• 11c · Fees: accounting

  total $12 · program services $12

• 11d · Fees: lobbying

  total $128,050 · program services $128,050

• 11g · Fees: other

  total $248,004 · program services $217,414 · management and general $30,590

• 12 · Advertising and promotion

  total $4,535 · program services $3,835 · management and general $700

• 13 · Office expenses

  total $66,437 · program services $44,952 · management and general $9,792 · fundraising $11,693

• 14 · Information technology

  total $166,479 · program services $166,479

• 16 · Occupancy

  total $318,148 · program services $317,945 · management and general $203

• 17 · Travel

  total $8,107 · program services $5,802 · management and general $2,279 · fundraising $26

• 19 · Conferences, conventions and meetings

  total $132 · management and general $132

• 20 · Interest

  total $5,797 · program services $3,849 · management and general $1,948

• 22 · Depreciation, depletion and amortization

  total $145,993 · program services $76,052 · management and general $69,941

• 23 · Insurance

  total $95,471 · program services $78,048 · management and general $17,423

• 24a · Other expenses: MAINTENANCE

  total $259,510 · program services $259,510

• 24b · Other expenses: EQUIPMENT

  total $48,956 · program services $36,551 · management and general $610 · fundraising $11,795

• 24c · Other expenses: SHARED SERVICE EXPENSE

  total $45,824 · program services $45,824

• 24d · Other expenses: MEALS AND ENTERTAINMENT

  total $14,947 · program services $2,812 · management and general $12,135

• 24e · All other expenses

  total $92,687 · program services $48,541 · management and general $37,566 · fundraising $6,580

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $41,126 · end of year $31,934

• 2 · Savings and temporary cash investments

  beginning of year $6,537,069 · end of year $5,506,676

• 3 · Pledges and grants receivable

  beginning of year $278,002 · end of year $151,985

• 4 · Accounts receivable

  beginning of year $12,038 · end of year $18,072

• 8 · Inventories for sale or use

  beginning of year $1,895 · end of year $1,268

• 9 · Prepaid expenses and deferred charges

  beginning of year $126,578 · end of year $129,948

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

  $8,074,192

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

  $4,469,164

• 10c · Land, buildings and equipment, net

  beginning of year $2,892,472 · end of year $3,605,028

• 15 · Other assets

  beginning of year $835,240 · end of year $1,091,724

• 17 · Accounts payable and accrued expenses

  beginning of year $340,257 · end of year $289,964

• 25 · Other liabilities

  beginning of year $554,149 · end of year $904,547

• 27 · Net assets without donor restrictions

  beginning of year $3,044,786 · end of year $3,972,728

• 28 · Net assets with donor restrictions

  beginning of year $6,785,228 · end of year $5,369,396

The filer's explanations (Part III)

PART I, LINE 1A

MANCHESTER BIDWELL CORPORATION PAID CLUB DUES FOR KEVIN JENKINS AND WILLIAM STRICKLAND AS A NON-TAXABLE WORKING CONDITION BENEFIT. THE ALLOCATION OF PERSONAL AND BUSINESS USE OF THE CLUB IS ADEQUATELY DOCUMENTED BY MR. JENKINS AND MR. STRICKLAND. THE CORPORATION IS TIMELY REIMBURSED FOR ANY PERSONAL USE AND NON-BUSINESS CHARGES.

PART I, LINE 3

COMPENSATION IS AWARDED BY MBC PURSUANT TO A PROCESS THAT SATISFIES THE REQUIREMENTS OF THE INTERMEDIATE SANCTION'S REGULATIONS. THE METHODS USED BY MBC MAY INCLUDE A REVIEW CONDUCTED BY AN INDEPENDENT PERSON TO ENSURE PAY PRACTICES ARE REASONABLE WITHIN THE RANGE OF TYPICAL MARKET PRACTICES, AND A SURVEY INCLUDING COMPARABLE DATA. THIS PROCESS IS DOCUMENTED BY MBC. THE SALARY CHANGE IN FISCAL YEAR 2024 FOR THE CEO WAS APPROVED BY AN INDEPENDENT COMMITTEE OF THE BOARD.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• HARBOR GARDENS PARK INC

  C · REAL ESTATE · PA