Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: PREPASS INCOME

  total $156,666,677 · related or exempt $156,666,677

• 2b · Program service revenue: PREPASS FEES

  total $14,155,157 · related or exempt $14,155,157

• 2c · Program service revenue: MEMBERSHIP FEES

  total $165,000 · related or exempt $165,000

• 3 · Investment income

  total $1,951,527 · excluded $1,951,527

• 7a · Gross sales of assets other than inventory

  other assets $16,623

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

  other assets $0

• 7c · Gain or loss

  other assets $16,623

• 7d · Net gain or loss

  total $16,623 · excluded $16,623

• 11a · Other revenue: REBATE

  total $20,195,553 · related or exempt $20,195,553

• 11b · Other revenue: OTHER INCOME

  total $21,149 · related or exempt $21,149

• 11e · Other revenue, total

  $20,216,702

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,156,549 · program services $1,400,708 · management and general $755,841

• 7 · Other salaries and wages

  total $2,244,457 · program services $1,453,098 · management and general $791,359

• 8 · Pension plan contributions

  total $54,637 · program services $39,766 · management and general $14,871

• 9 · Other employee benefits

  total $104,010 · program services $75,702 · management and general $28,308

• 10 · Payroll taxes

  total $187,095 · program services $136,173 · management and general $50,922

• 11b · Fees: legal

  total $177,591 · management and general $177,591

• 11c · Fees: accounting

  total $50,191 · management and general $50,191

• 11g · Fees: other

  total $399,271 · management and general $399,271

• 12 · Advertising and promotion

  total $2,639,669 · program services $2,623,535 · management and general $16,134

• 13 · Office expenses

  total $12,816 · program services $1,595 · management and general $11,221

• 14 · Information technology

  total $68,692 · program services $31,269 · management and general $37,423

• 16 · Occupancy

  total $136,167 · program services $99,106 · management and general $37,061

• 17 · Travel

  total $11,299 · program services $8,224 · management and general $3,075

• 19 · Conferences, conventions and meetings

  total $1,129,009 · management and general $1,129,009

• 20 · Interest

  total $24,235,493 · program services $24,235,493

• 22 · Depreciation, depletion and amortization

  total $52,989,400 · program services $52,985,523 · management and general $3,877

• 23 · Insurance

  total $416,045 · management and general $416,045

• 24a · Other expenses: PREPASS EXPENSE

  total $74,850,109 · program services $74,850,109

• 24b · Other expenses: OTHER EXPENSES

  total $309,307 · program services $293,995 · management and general $15,312

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $51,757 · management and general $51,757

• 24d · Other expenses: REPAIRS & MAINTENANCE

  total $2,220 · program services $1,616 · management and general $604

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $15,064,752 · end of year $8,670,933

• 2 · Savings and temporary cash investments

  beginning of year $3,265,352 · end of year $3,844,055

• 4 · Accounts receivable

  beginning of year $89,571,882 · end of year $94,795,650

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,825,998 · end of year $18,281,296

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

  $147,958,451

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

  $86,072,238

• 10c · Land, buildings and equipment, net

  beginning of year $59,207,007 · end of year $61,886,213

• 12 · Investments: other securities

  beginning of year $20,000 · end of year $20,000

• 14 · Intangible assets

  beginning of year $348,061,778 · end of year $308,273,290

• 15 · Other assets

  beginning of year $6,650,176 · end of year $5,656,494

• 17 · Accounts payable and accrued expenses

  beginning of year $42,810,691 · end of year $52,383,494

• 19 · Deferred revenue

  beginning of year $46,814,094 · end of year $44,333,872

• 23 · Secured mortgages and notes payable

  beginning of year $358,706,250 · end of year $288,798,118

• 25 · Other liabilities

  beginning of year $10,373,029 · end of year $9,003,661

• 27 · Net assets without donor restrictions

  beginning of year $75,962,881 · end of year $106,908,786

The filer's explanations (Part III)

PART I, LINE 1A

FIRST-CLASS TRAVEL IS ALLOWED FOR THE PRESIDENT/CEO IF THE FLIGHT TIME EXCEEDS TWO HOURS, AND THIS BENEFIT IS NON-TAXABLE.

PART I, LINE 5

CERTAIN EMPLOYEES' INCENTIVE COMPENSATION IS EARNED BY ACHIEVING SPECIFIC METRICS THAT ARE TIED TO REVENUE AND EARNINGS METRICS. THESE METRICS ARE ESTABLISHED BY THE PRESIDENT/CEO ON AN ANNUAL BASIS BASED ON THE ACHIEVEMENT OF COMPANY GOALS AND ECONOMIC PERFORMANCE.

PART I, LINE 6

CERTAIN EMPLOYEES' INCENTIVE COMPENSATION IS EARNED BY ACHIEVING SPECIFIC METRICS THAT ARE TIED TO REVENUE AND EARNINGS METRICS. THESE METRICS ARE ESTABLISHED BY THE PRESIDENT/CEO ON AN ANNUAL BASIS BASED ON THE ACHIEVEMENT OF COMPANY GOALS AND ECONOMIC PERFORMANCE.

PART I, LINE 7

THE ALLIANCE OFFICERS MEET ANNUALLY AS THE COMPENSATION COMMITTEE TO EVALUATE THE CEO'S PERFORMANCE AND ACHIEVEMENT OF GOALS REQUIRED BY THE STRATEGIC PLAN, AND THEN DETERMINE IF THE PERFORMANCE WARRANTS A BONUS PAYMENT AND WHAT THE AMOUNT SHOULD BE. ANY PAYMENTS ARE IN ACCORDANCE WITH THE ORGANIZATION'S POLICY ON EXECUTIVE COMPENSATION. ALL OTHER EMPLOYEE BONUSES ARE DETERMINED AT THE DISCRETION OF THE CEO.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• PREPASS LLC

  SUPPORT SERVICES TO PREPASS SAFETY ALLIANCE · AZ · income $53,406,074 · assets $316,703,865

  Directly controlled by PREPASS SAFETY ALLIANCE