Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,079,880

• 1f · All other contributions, gifts and grants

  $135,700

• 2a · Program service revenue: MWBC PROGRAM INCOME

  total $159,550 · related or exempt $159,550

• 3 · Investment income

  total $637 · excluded $637

• 11a · Other revenue: OTHER REVENUE

  total $6,370 · excluded $6,370

• 11e · Other revenue, total

  $6,370

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $597,250 · program services $597,250

• 5 · Compensation of officers, directors and key employees

  total $183,908 · program services $160,000 · management and general $23,908

• 7 · Other salaries and wages

  total $645,765 · program services $613,446 · management and general $32,319

• 8 · Pension plan contributions

  total $17,849 · program services $15,529 · management and general $2,320

• 9 · Other employee benefits

  total $79,055 · program services $76,182 · management and general $2,873

• 10 · Payroll taxes

  total $67,942 · program services $64,614 · management and general $3,328

• 11b · Fees: legal

  total $5,401 · program services $2,500 · management and general $2,901

• 11c · Fees: accounting

  total $130,400 · program services $11,657 · management and general $118,743

• 11g · Fees: other

  total $90,866 · program services $79,701 · management and general $9,740 · fundraising $1,425

• 12 · Advertising and promotion

  total $110,700 · program services $96,389 · management and general $14,311

• 13 · Office expenses

  total $76,587 · program services $25,679 · management and general $50,908

• 14 · Information technology

  total $29,080 · program services $25,300 · management and general $3,780

• 16 · Occupancy

  total $109,700 · program services $102,352 · management and general $7,348

• 17 · Travel

  total $18,489 · program services $13,077 · management and general $5,412

• 22 · Depreciation, depletion and amortization

  total $13,758 · program services $12,825 · management and general $933

• 23 · Insurance

  total $4,373 · program services $4,089 · management and general $284

• 24a · Other expenses: SEMINARS AND EDUCATION

  total $22,585 · program services $22,585

• 24b · Other expenses: BUSINESS RECRUITMENT

  total $21,433 · program services $21,433

• 24c · Other expenses: BUSINESS RETENTION

  total $7,483 · program services $7,483

• 24d · Other expenses: OTHER TAXES

  total $99 · management and general $99

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $996,179 · end of year $251,363

• 2 · Savings and temporary cash investments

  beginning of year $261,376 · end of year $1,350,968

• 3 · Pledges and grants receivable

  beginning of year $131,665 · end of year $167,500

• 4 · Accounts receivable

  beginning of year $184,826 · end of year $112,711

• 9 · Prepaid expenses and deferred charges

  beginning of year $9,889 · end of year $3,418

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

  $71,555

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

  $67,890

• 10c · Land, buildings and equipment, net

  beginning of year $8,416 · end of year $3,665

• 14 · Intangible assets

  beginning of year $46,476 · end of year $47,469

• 15 · Other assets

  beginning of year $5,320 · end of year $421,432

• 17 · Accounts payable and accrued expenses

  beginning of year $92,831 · end of year $190,389

• 25 · Other liabilities

  beginning of year $351,806 · end of year $819,213

• 27 · Net assets without donor restrictions

  beginning of year $949,510 · end of year $1,088,427

• 28 · Net assets with donor restrictions

  beginning of year $250,000 · end of year $260,497

The filer's explanations (Part III)

PART I, LINE 3

ANNUAL ADJUSTMENTS ARE TYPICALLY BENCHMARKED AGAINST CITY OF ROCKVILLE SALARY ADJUSTMENTS, SUBJECT TO REVIEW AND APPROVAL BY THE FINANCE COMMITTEE.