Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $230,650

• 1e · Government grants (contributions)

  $370,669

• 1f · All other contributions, gifts and grants

  $1,372

• 2a · Program service revenue: Foster Care Services

  total $4,403,181 · related or exempt $4,403,181

• 2b · Program service revenue: Adoption Services

  total $381,006 · related or exempt $381,006

• 2c · Program service revenue: Case Management Servic

  total $111,988 · related or exempt $111,988

• 2f · All other program service revenue

  total $1,210 · related or exempt $1,210

• 3 · Investment income

  total $14 · excluded $14

• 6a · Gross rents

  real property $19,645

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $19,645

• 6d · Net rental income or loss

  total $19,645 · excluded $19,645

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $407,575 · program services $289,586 · management and general $117,989

• 7 · Other salaries and wages

  total $1,317,347 · program services $1,211,926 · management and general $105,421

• 8 · Pension plan contributions

  total $34,436 · program services $22,760 · management and general $11,676

• 9 · Other employee benefits

  total $55,051 · program services $12,634 · management and general $42,417

• 10 · Payroll taxes

  total $122,931 · program services $106,201 · management and general $16,730

• 11a · Fees: management

  total $276,248 · management and general $276,248

• 11c · Fees: accounting

  total $48,885 · program services $7,416 · management and general $41,469

• 11g · Fees: other

  total $528,613 · management and general $528,613

• 13 · Office expenses

  total $96,656 · program services $32,757 · management and general $63,899

• 16 · Occupancy

  total $199,424 · program services $189,732 · management and general $9,692

• 17 · Travel

  total $156,274 · program services $127,708 · management and general $28,566

• 19 · Conferences, conventions and meetings

  total $8,712 · program services $4,454 · management and general $4,258

• 22 · Depreciation, depletion and amortization

  total $18,911 · program services $986 · management and general $17,925

• 23 · Insurance

  total $64,876 · program services $20,388 · management and general $44,488

• 24a · Other expenses: Foster Care Services

  total $2,404,048 · program services $2,403,982 · management and general $66

• 24b · Other expenses: Licenses, Dues & Fees

  total $37,998 · program services $1,051 · management and general $36,947

• 24c · Other expenses: Client Recreation

  total $1,446 · program services $1,446

• 24d · Other expenses: Community Services

  total $440 · program services $54 · management and general $386

• 24e · All other expenses

  total $65,509 · program services $28,977 · management and general $5,801 · fundraising $30,731

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $322,560 · end of year $301,506

• 3 · Pledges and grants receivable

  end of year $124,002

• 4 · Accounts receivable

  beginning of year $650,736 · end of year $453,931

• 9 · Prepaid expenses and deferred charges

  beginning of year $7,797 · end of year $5,332

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

  $189,324

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

  $162,737

• 10c · Land, buildings and equipment, net

  beginning of year $19,236 · end of year $26,587

• 15 · Other assets

  beginning of year $233,626 · end of year $258,948

• 17 · Accounts payable and accrued expenses

  beginning of year $698,626 · end of year $429,594

• 25 · Other liabilities

  beginning of year $2,963,464 · end of year $3,494,492

• 27 · Net assets without donor restrictions

  beginning of year -$2,440,602 · end of year -$2,753,780

• 28 · Net assets with donor restrictions

  beginning of year $12,467 · end of year $0

The filer's explanations (Part III)

Part I, Line 3

The Executive Director and Regional Director compensation is part of the overall compensation process of Nexus Family Healing, a related organization. These methods are used in determining compensation for all executive positions throughout the affiliated organizations.

Part I, Line 7

Bonuses are paid according to completion of incentive goals developed between the employee and their direct supervisor. There are categories for incentive goals; 1) Risk Management or Outcome 2) Clinical Program or Operation, 3) Corporate Specific, 4) Leadership Development and 5) Finance. Each goal is weighted according to the employee's position and responsibilities within the organization and bonuses are determined by the employees direct supervisor in conjunction with the Senior Leadership Team. Bonus payouts require approval by the Senior Leadership Team as well as the Board of Directors.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Nexus-FACTS Family Healing

  C · Mental Health Services · MN