Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $12,400

• 1f · All other contributions, gifts and grants

  $35,329

• 2a · Program service revenue: ORIGINATION FEE

  total $745 · related or exempt $745

• 3 · Investment income

  total $33,195 · excluded $33,195

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $25,006 · program services $18,283 · management and general $6,723

• 8 · Pension plan contributions

  total $1,814 · program services $1,326 · management and general $488

• 9 · Other employee benefits

  total $3,689 · program services $2,697 · management and general $992

• 10 · Payroll taxes

  total $1,887 · program services $1,380 · management and general $507

• 11a · Fees: management

  total $4,005 · program services $4,005

• 11c · Fees: accounting

  total $5,285 · management and general $5,285

• 13 · Office expenses

  total $511 · program services $93 · management and general $418

• 14 · Information technology

  total $2,205 · program services $2,101 · management and general $104

• 20 · Interest

  total $7,256 · program services $7,256

• 23 · Insurance

  total $1,129 · program services $1,129

• 24a · Other expenses: BAD DEBT EXPENSE

  total $10,007 · program services $10,007

• 24b · Other expenses: ALL OTHER EXPENSES

  total $2,189 · program services $2,071 · management and general $118

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $1,540 · program services $1,272 · management and general $268

• 24d · Other expenses: DUES AND SUPSCRIPTIONS

  total $1,501 · program services $1,501

• 24e · All other expenses

  total $653 · program services $492 · management and general $161

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $472,136 · end of year $482,330

• 7 · Other notes and loans receivable

  beginning of year $1,267,262 · end of year $1,159,492

• 17 · Accounts payable and accrued expenses

  beginning of year $215,582 · end of year $213,223

• 24 · Unsecured notes and loans payable

  beginning of year $303,299 · end of year $195,090

• 27 · Net assets without donor restrictions

  beginning of year $866,715 · end of year $982,724

• 28 · Net assets with donor restrictions

  beginning of year $353,802 · end of year $250,785

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION OF THE CEO AND CHIEF FINANCIAL OFFICER IS ESTABLISHED BY THE BOARD OF DIRECTORS. PERIODICALLY, THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS COMPENSATION STUDIES, REVIEWS COMPENSATION PAID BY OTHER NONPROFIT AND FOR PROFIT COMPANIES AND CONSIDERS OTHER SOURCES OF INFORMATION DEEMED RELEVANT. THE COMMITTEE THEN MAKES A RECOMMENDATION TO THE BOARD OF DIRECTORS. THE MEMBERS OF THE BOARD OF DIRECTORS WHO ARE FREE OF CONFLICTS MAKE THE FINAL DECISION.