Form 990 for tax year 2023
Filed by MARTIN LUTHER KING COMMUNITY CENTER INCORPORATED.
Totals
- Total revenue
- $4,371,729
- Total expenses
- $4,404,420
- Contributions and grants received
- $4,237,348
- Grants paid
- $248,178
- Program service revenue
- $530,823
- Investment income
- -$455,705
- Other revenue
- $59,263
- Total assets, end of year
- $17,015,918
- Total liabilities, end of year
- $162,134
- Net assets or fund balances, end of year
- $16,853,784
- Program services expenses (Part IX)
- $3,621,145
- Management and general expenses
- $427,271
- Fundraising expenses
- $356,004
- Program service expenses (Part III)
- $3,621,145
Program services were 82.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$15,215
-
1e · Government grants (contributions)
$169,177
-
1f · All other contributions, gifts and grants
$4,052,956
-
1g · Noncash contributions included above
$1,379,938
-
2a · Program service revenue: CHILDCARE REVENUE
total $420,293 · unrelated business $0 · excluded $0
-
2b · Program service revenue: CLIENT-EMPLOYMENT PARKING LOT FEES
total $110,530 · unrelated business $0 · excluded $0
-
3 · Investment income
total $281,662 · unrelated business $0 · excluded $281,662
-
7a · Gross sales of assets other than inventory
securities $3,189,231 · other assets $0
-
7b · Less cost or other basis and sales expenses
securities $3,323,312 · other assets $603,286
-
7c · Gain or loss
securities -$134,081 · other assets -$603,286
-
7d · Net gain or loss
total -$737,367 · related or exempt $0 · unrelated business $0 · excluded -$737,367
-
8a · Fundraising events: gross income
$140,260
-
8a · Fundraising events: contributions included on line 1c
$15,215
-
8b · Fundraising events: direct expenses
$89,813
-
8c · Net income from fundraising events
total $50,447 · unrelated business $0 · excluded $50,447
-
11a · Other revenue: MISCELLANEOUS
total $8,816 · related or exempt $8,816 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$8,816
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $248,178 · program services $248,178
-
5 · Compensation of officers, directors and key employees
total $215,409 · program services $19,904 · management and general $166,434 · fundraising $29,071
-
7 · Other salaries and wages
total $1,168,402 · program services $947,095 · management and general $18,003 · fundraising $203,304
-
8 · Pension plan contributions
total $17,901 · program services $13,857 · management and general $46 · fundraising $3,998
-
9 · Other employee benefits
total $83,098 · program services $61,507 · management and general $4,596 · fundraising $16,995
-
10 · Payroll taxes
total $126,725 · program services $89,812 · management and general $15,931 · fundraising $20,982
-
11c · Fees: accounting
total $18,837 · program services $0 · management and general $18,837 · fundraising $0
-
11e · Fees: professional fundraising services
total $15,480 · fundraising $15,480
-
11g · Fees: other
total $142,347 · program services $80,331 · management and general $57,513 · fundraising $4,503
-
12 · Advertising and promotion
total $4,310 · program services $3,574 · management and general $453 · fundraising $283
-
13 · Office expenses
total $69,261 · program services $39,866 · management and general $3,540 · fundraising $25,855
-
16 · Occupancy
total $154,376 · program services $137,264 · management and general $8,648 · fundraising $8,464
-
17 · Travel
total $7,221 · program services $6,822 · management and general $361 · fundraising $38
-
19 · Conferences, conventions and meetings
total $1,589 · program services $517 · management and general $697 · fundraising $375
-
22 · Depreciation, depletion and amortization
total $231,605 · program services $107,504 · management and general $115,351 · fundraising $8,750
-
23 · Insurance
total $40,504 · program services $34,841 · management and general $2,836 · fundraising $2,827
-
24a · Other expenses: FOOD
total $1,444,990 · program services $1,444,990 · management and general $0 · fundraising $0
-
24b · Other expenses: PROGRAM SUPPLIES
total $316,120 · program services $316,120 · management and general $0 · fundraising $0
-
24c · Other expenses: STAFF RECOGNITION
total $18,574 · program services $15,012 · management and general $2,417 · fundraising $1,145
-
24d · Other expenses: SMALL EQUIPMENT & TECHNOLOGY
total $34,622 · program services $29,430 · management and general $3,268 · fundraising $1,924
-
24e · All other expenses
total $44,871 · program services $24,521 · management and general $8,340 · fundraising $12,010
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $281,357 · end of year $166,996
-
2 · Savings and temporary cash investments
beginning of year $1,669,312 · end of year $538,551
-
3 · Pledges and grants receivable
beginning of year $2,598,076 · end of year $1,351,488
-
4 · Accounts receivable
beginning of year $11,515 · end of year $12,818
-
8 · Inventories for sale or use
beginning of year $60,849 · end of year $42,427
-
9 · Prepaid expenses and deferred charges
beginning of year $117,782 · end of year $48,866
-
10a · Land, buildings and equipment: cost or other basis
$5,971,088
-
10b · Land, buildings and equipment: accumulated depreciation
$1,308,284
-
10c · Land, buildings and equipment, net
beginning of year $4,031,842 · end of year $4,662,804
-
11 · Investments: publicly traded securities
beginning of year $7,949,976 · end of year $10,191,968
-
15 · Other assets
beginning of year $31,957 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $412,477 · end of year $156,201
-
19 · Deferred revenue
beginning of year $105,680 · end of year $5,933
-
25 · Other liabilities
beginning of year $31,957 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $10,259,222 · end of year $11,319,740
-
28 · Net assets with donor restrictions
beginning of year $5,943,330 · end of year $5,534,044
Listed in Part VII
-
HEATHER HOLE STROUT
EXECUTIVE DIRECTOR
- Total calculated
- $136,290
- From this org
- $124,507
- From related orgs
- $0
- Other
- $11,783
- Hours/week
- 50
-
HEATHER LYNCH
DIRECTOR OF FINANCE
- Total calculated
- $73,405
- From this org
- $70,841
- From related orgs
- $0
- Other
- $2,564
- Hours/week
- 40
-
ALYSON NOVICK
DEVELOPMENT DIRECTOR
- Total calculated
- $129,677
- From this org
- $97,732
- From related orgs
- $0
- Other
- $31,945
- Hours/week
- 40
-
GAIL ALOFSIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BETSY BLAIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
REBECCA KNAPP LEBLANC
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ROSE HYDER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
GENE THOMPSON-GROVE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
DAVID D SCHULLER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
ORLANDO ZAMBRANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARGARET MCGILL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
NANCY HORSEY
CO-SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN ROK
CO-SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
KIMBERLY CUMMINS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
WHITNEY C SLADE
PRESIDENT
- Total calculated
- $0
- Hours/week
- 2
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 26 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412709349301356
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