Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $67,747

• 1e · Government grants (contributions)

  $473,691

• 1f · All other contributions, gifts and grants

  $505,115

• 1g · Noncash contributions included above

  $40,714

• 2a · Program service revenue: Medical Care

  total $8,489,902 · related or exempt $8,489,902

• 3 · Investment income

  total $57,735 · excluded $57,735

• 7a · Gross sales of assets other than inventory

  securities $8,583

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

  securities $0 · other assets $9,425

• 7c · Gain or loss

  securities $8,583 · other assets -$9,425

• 7d · Net gain or loss

  total -$842 · excluded -$842

• 8a · Fundraising events: gross income

  $27,358

• 8a · Fundraising events: contributions included on line 1c

  $67,747

• 8b · Fundraising events: direct expenses

  $50,251

• 8c · Net income from fundraising events

  total -$22,893 · excluded -$22,893

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $4,733,559 · program services $4,212,749 · management and general $429,491 · fundraising $91,319

• 8 · Pension plan contributions

  total $60,305 · program services $41,066 · management and general $16,392 · fundraising $2,847

• 9 · Other employee benefits

  total $699,891 · program services $639,070 · management and general $50,600 · fundraising $10,221

• 10 · Payroll taxes

  total $381,412 · program services $345,306 · management and general $29,306 · fundraising $6,800

• 11b · Fees: legal

  total $24,661 · program services $18,810 · management and general $5,851

• 11c · Fees: accounting

  total $55,157 · program services $35,588 · management and general $19,569

• 11g · Fees: other

  total $1,051,509 · program services $957,633 · management and general $48,356 · fundraising $45,520

• 12 · Advertising and promotion

  total $9,085 · program services $8,979 · management and general $106

• 13 · Office expenses

  total $405,395 · program services $342,388 · management and general $53,216 · fundraising $9,791

• 14 · Information technology

  total $75,276 · program services $41,331 · management and general $25,408 · fundraising $8,537

• 16 · Occupancy

  total $853,366 · program services $819,686 · management and general $31,932 · fundraising $1,748

• 17 · Travel

  total $562 · management and general $433 · fundraising $129

• 19 · Conferences, conventions and meetings

  total $31,774 · program services $11,785 · management and general $18,372 · fundraising $1,617

• 20 · Interest

  total $120,411 · program services $110,316 · management and general $10,095

• 22 · Depreciation, depletion and amortization

  total $308,311 · program services $299,429 · management and general $8,882

• 24a · Other expenses: Equipment R&M

  total $114,512 · program services $85,605 · management and general $28,860 · fundraising $47

• 24b · Other expenses: Client Assistance

  total $51,859 · program services $51,414 · management and general $38 · fundraising $407

• 24c · Other expenses: Dues and Subscriptions

  total $33,467 · program services $24,785 · management and general $8,682

• 24e · All other expenses

  total $6,615 · management and general $6,364 · fundraising $251

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,200,778 · end of year $1,254,940

• 2 · Savings and temporary cash investments

  beginning of year $61,375 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $60,751

• 4 · Accounts receivable

  beginning of year $185,384 · end of year $1,216,310

• 9 · Prepaid expenses and deferred charges

  beginning of year $45,603 · end of year $75,833

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

  $8,064,050

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

  $297,760

• 10c · Land, buildings and equipment, net

  beginning of year $7,290,163 · end of year $7,766,290

• 14 · Intangible assets

  beginning of year $292,500 · end of year $262,500

• 15 · Other assets

  beginning of year $1,507,866 · end of year $3,341,913

• 17 · Accounts payable and accrued expenses

  beginning of year $569,978 · end of year $859,929

• 19 · Deferred revenue

  beginning of year $979 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $2,145,127 · end of year $2,048,558

• 25 · Other liabilities

  beginning of year $92,628 · end of year $2,559,529

• 27 · Net assets without donor restrictions

  beginning of year $6,350,417 · end of year $6,694,552

• 28 · Net assets with donor restrictions

  beginning of year $1,424,540 · end of year $1,815,969

The filer's explanations (Part III)

Part I, Line 3

The parent organization, The Centers for Families and Children, periodically engages an outside party to conduct a review of its CEO's, officers and key employee's compensation. In 2016, an organizational consulting group conducted a review, comparing its compensation levels to national comparability data for similar positions to determine the appropriateness of the compensation for these key roles. The actual compensation of the President and CEO is determined by The Centers' Board of Directors.

Part I, Line 4a

During the tax year 2023, Charles Tuttle received a severance payment of $66,673.