Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $12,010

• 2a · Program service revenue: FOOD SALES

  total $131,876 · related or exempt $131,876

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $99,968 · program services $75,056 · management and general $24,912

• 8 · Pension plan contributions

  total $482 · program services $362 · management and general $120

• 9 · Other employee benefits

  total $13,825 · program services $10,380 · management and general $3,445

• 10 · Payroll taxes

  total $10,802 · program services $8,110 · management and general $2,692

• 11c · Fees: accounting

  total $2,205 · management and general $2,205

• 11g · Fees: other

  total $90,248 · program services $76,765 · management and general $13,483

• 12 · Advertising and promotion

  total $5,759 · management and general $5,759

• 13 · Office expenses

  total $712 · management and general $712

• 16 · Occupancy

  total $14,400 · program services $11,740 · management and general $2,660

• 20 · Interest

  total $2,546 · management and general $2,546

• 22 · Depreciation, depletion and amortization

  total $6,292 · program services $5,130 · management and general $1,162

• 23 · Insurance

  total $3,120 · program services $2,544 · management and general $576

• 24a · Other expenses: SALES AND MEALS TAX

  total $4,854 · management and general $4,854

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $1,707 · management and general $1,707

• 24e · All other expenses

  total $5,045 · management and general $5,045

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $21,554 · end of year $10,748

• 4 · Accounts receivable

  beginning of year $9,181 · end of year $12,981

• 9 · Prepaid expenses and deferred charges

  end of year $2,520

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

  $18,482

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

  $4,615

• 10c · Land, buildings and equipment, net

  beginning of year $6,849 · end of year $13,867

• 14 · Intangible assets

  beginning of year $24,750 · end of year $21,839

• 17 · Accounts payable and accrued expenses

  beginning of year $4,805 · end of year $9,697

• 19 · Deferred revenue

  beginning of year $281 · end of year $0

• 25 · Other liabilities

  beginning of year $263,760 · end of year $376,849

• 27 · Net assets without donor restrictions

  beginning of year -$211,766 · end of year -$329,845

• 28 · Net assets with donor restrictions

  beginning of year $5,254 · end of year $5,254

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S RELATED ORGANIZATION, PACE ORGANIZATION OF RHODE ISLAND, COMPENSATED THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER FOR SERVICES PROVIDED TO THE ORGANIZATION. THE RELATED ORGANIZATION USES APPROVAL BY THE BOARD OF DIRECTORS TO REVIEW AND APPROVE THEIR COMPENSATION.