Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $52,293 · excluded $52,293

• 5 · Royalties

  total $1,039 · excluded $1,039

• 7a · Gross sales of assets other than inventory

  securities $3

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

  securities $0

• 7c · Gain or loss

  securities $3

• 7d · Net gain or loss

  total $3 · excluded $3

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,330 · program services $5,330

• 7 · Other salaries and wages

  total $48,000 · program services $38,400 · management and general $9,600

• 9 · Other employee benefits

  total $7,629 · program services $6,103 · management and general $1,526

• 10 · Payroll taxes

  total $3,672 · program services $2,938 · management and general $734

• 11b · Fees: legal

  total $47,432 · management and general $47,432

• 11c · Fees: accounting

  total $6,695 · management and general $6,695

• 13 · Office expenses

  total $1,978 · program services $1,978

• 16 · Occupancy

  total $36,034 · program services $28,827 · management and general $7,207

• 17 · Travel

  total $189 · management and general $189

• 19 · Conferences, conventions and meetings

  total $5,000 · management and general $5,000

• 22 · Depreciation, depletion and amortization

  total $58,250 · program services $46,600 · management and general $11,650

• 23 · Insurance

  total $20,925 · program services $16,740 · management and general $4,185

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $17,224 · program services $13,779 · management and general $3,445

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $6,095 · management and general $6,095

• 24c · Other expenses: HOA FEES

  total $2,952 · management and general $2,952

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $353,209 · end of year $73,112

• 2 · Savings and temporary cash investments

  beginning of year $1,317,797 · end of year $1,220,093

• 4 · Accounts receivable

  beginning of year $155 · end of year $155

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

  $2,063,422

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

  $393,031

• 10c · Land, buildings and equipment, net

  beginning of year $1,653,129 · end of year $1,670,391

• 15 · Other assets

  beginning of year $0 · end of year $146,469

• 17 · Accounts payable and accrued expenses

  beginning of year $847 · end of year $847

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $3,323,443 · end of year $3,109,373

The filer's explanations (Part III)

PART I, LINE 5

THE ORGANIZATION AND ITS AFFILIATES HAVE AN EMPLOYMENT CONTRACT WITH ROBBIE WITTNER, THE CHAIRMAN, COO, AND SECRETARY OF THE ORGANIZATION, TO COMPENSATE HER FOR HER SERVICES TO THE ORGANIZATION. THE CURRENT CONTRACT ALLOWS FOR BASE COMPENSATION PLUS MEDICAL BENEFITS AND CAR ALLOWANCE. THE ORGANIZATION AND ITS AFFILIATES ALSO HAVE AN EMPLOYMENT CONTRACT FOR LLOYD KITCHEN, THE EXECUTIVE VICE PRESIDENT, TO COMPENSATE HIM FOR HIS SERVICES TO THE ORGANIZATION AND ITS AFFILIATES. THE CURRENT CONTRACT ALLOWS FOR BASE COMPENSATION PLUS MEDICAL BENEFITS AND CAR ALLOWANCE. DUE TO LACK OF FUNDS, SOME OF THE COMPENSATION HAS BEEN DEFERRED BY THE ORGANIZATION AND ITS AFFILIATES.