Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,500,000

• 3 · Investment income

  total $745,941 · excluded $745,941

• 10a · Gross sales of inventory

  $2,453,760

• 10b · Cost of goods sold

  $2,023,927

• 10c · Net income from sales of inventory

  total $429,833 · related or exempt $429,833

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,334,125 · management and general $1,334,125

• 7 · Other salaries and wages

  total $2,365,316 · management and general $2,365,316

• 8 · Pension plan contributions

  total $409,967 · management and general $409,967

• 9 · Other employee benefits

  total $43,060 · management and general $43,060

• 10 · Payroll taxes

  total $115,158 · management and general $115,158

• 11b · Fees: legal

  total $60,486 · management and general $60,486

• 11c · Fees: accounting

  total $52,625 · management and general $52,625

• 11g · Fees: other

  total $873,814 · management and general $873,814

• 13 · Office expenses

  total $30,383 · management and general $30,383

• 16 · Occupancy

  total $2,354 · management and general $2,354

• 17 · Travel

  total $47,008 · management and general $47,008

• 19 · Conferences, conventions and meetings

  total $11,015 · management and general $11,015

• 20 · Interest

  total $1,304,835 · management and general $1,304,835

• 22 · Depreciation, depletion and amortization

  total $71,781 · management and general $71,781

• 23 · Insurance

  total $26,138 · management and general $26,138

• 24a · Other expenses: R&D EXPENSE

  total $2,952,355 · program services $2,952,355

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $29,685 · management and general $29,685

• 24c · Other expenses: STATE AND LOCAL TAXES

  total $5,473 · management and general $5,473

• 24d · Other expenses: MEALS AND ENTERTAINMENT

  total $4,546 · management and general $4,546

• 24e · All other expenses

  total $223,958 · management and general $223,958

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $19,957,614 · end of year $15,547,023

• 4 · Accounts receivable

  beginning of year $272,640 · end of year $451,334

• 7 · Other notes and loans receivable

  beginning of year $2,500,000

• 8 · Inventories for sale or use

  beginning of year $1,669,056 · end of year $674,013

• 9 · Prepaid expenses and deferred charges

  beginning of year $41,909 · end of year $91,810

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

  $48,113

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

  $21,530

• 10c · Land, buildings and equipment, net

  beginning of year $35,696 · end of year $26,583

• 15 · Other assets

  beginning of year $263,330 · end of year $231,953

• 17 · Accounts payable and accrued expenses

  beginning of year $2,071,995 · end of year $1,595,824

• 25 · Other liabilities

  beginning of year $24,148,952 · end of year $23,195,902

• 27 · Net assets without donor restrictions

  beginning of year -$1,480,702 · end of year -$7,769,010

The filer's explanations (Part III)

PART I, LINE 7

THERE ARE DISCRETIONARY BONUSES THAT ARE AWARDED AND DETERMINED BY THE COMPENSATION COMMITTEE. THE BONUSES ARE BASED UPON OVERALL BUSINESS ACCOMPLISHMENTS COMPARED TO THE GOALS SET BY THE ORGANIZATION.