Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $36,093,305

• 1f · All other contributions, gifts and grants

  $34,639

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $42,250 · excluded $42,250

• 11e · Other revenue, total

  $42,250

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $6,620 · program services $6,620

• 7 · Other salaries and wages

  total $21,434,531 · program services $20,377,663 · management and general $1,016,148 · fundraising $40,720

• 8 · Pension plan contributions

  total $421,236 · program services $374,712 · management and general $45,260 · fundraising $1,264

• 9 · Other employee benefits

  total $1,083,901 · program services $964,189 · management and general $116,461 · fundraising $3,251

• 10 · Payroll taxes

  total $1,912,722 · program services $1,701,470 · management and general $205,515 · fundraising $5,737

• 11c · Fees: accounting

  total $87,525 · program services $87,525

• 11g · Fees: other

  total $1,132,573 · program services $1,132,573

• 12 · Advertising and promotion

  total $67,059 · program services $67,059

• 13 · Office expenses

  total $760,366 · program services $760,366

• 14 · Information technology

  total $218,851 · program services $218,851

• 16 · Occupancy

  total $1,456,725 · management and general $1,456,725

• 17 · Travel

  total $84,831 · program services $84,831

• 19 · Conferences, conventions and meetings

  total $1,326,105 · program services $1,326,105

• 23 · Insurance

  total $257,435 · program services $257,435

• 24a · Other expenses: ADMINISTRATIVE COSTS

  total $2,885,620 · program services $2,885,620

• 24b · Other expenses: SUPPLIES

  total $1,335,323 · program services $720,789 · management and general $614,534

• 24c · Other expenses: FOOD

  total $737,355 · program services $737,355

• 24d · Other expenses: PARENT ACTIVITIES

  total $9,949 · program services $9,949

• 24e · All other expenses

  total $358 · program services $358

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $759,135 · end of year $107,265

• 4 · Accounts receivable

  beginning of year $16,058,241 · end of year $34,209,195

• 8 · Inventories for sale or use

  beginning of year $200 · end of year $700

• 9 · Prepaid expenses and deferred charges

  beginning of year $688 · end of year $6,400

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

  $1,551,937

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

  $208,382

• 10c · Land, buildings and equipment, net

  beginning of year $674,532 · end of year $1,343,555

• 15 · Other assets

  beginning of year $245,839 · end of year $64,731

• 17 · Accounts payable and accrued expenses

  beginning of year $2,552,281 · end of year $3,590,575

• 19 · Deferred revenue

  beginning of year $476,639 · end of year $26,634

• 21 · Escrow or custodial account liability

  beginning of year $4,790 · end of year $4,790

• 25 · Other liabilities

  beginning of year $10,185,632 · end of year $26,060,592

• 27 · Net assets without donor restrictions

  beginning of year $4,379,488 · end of year $5,909,450

• 28 · Net assets with donor restrictions

  beginning of year $139,805 · end of year $139,805

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER, RITA SANTELIA AND CHIEF FINANCIAL OFFICER, MICHELE ERAZO, WERE COMPENSATED BY A RELATED ORGANIZATION, MOSHOLU MONTEFIORE COMMUNITY CENTER, INC. COMPENSATION FOR THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER WAS DETERMINED THROUGH A SALARY REVIEW PROCESS, WHICH INCLUDES A REVIEW BY THE FINANCE COMMITTEE. THE REVIEW INCLUDED THE USE OF A COMPENSATION SURVEY TO BENCHMARK EMPLOYEE COMPENSATION.