Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,007,385

• 2a · Program service revenue: SERVICE FEE REVENUE

  total $169,161,157 · related or exempt $169,161,157

• 3 · Investment income

  total $986,296 · excluded $986,296

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $130,351,945 · program services $130,351,945

• 9 · Other employee benefits

  total $123,956 · program services $123,956

• 10 · Payroll taxes

  total $11,508,606 · program services $11,508,606

• 11a · Fees: management

  total $24,220,042 · program services $24,220,042

• 13 · Office expenses

  total $5,716 · program services $5,716

• 14 · Information technology

  total $15,000 · program services $15,000

• 16 · Occupancy

  total $251,753 · program services $251,753

• 22 · Depreciation, depletion and amortization

  total $85,000 · program services $85,000

• 24a · Other expenses: OTHER DIRECT EXPENSES

  total $144,324 · program services $144,324

• 24b · Other expenses: DUES AND MEMBERSHIPS

  total $18,981 · program services $18,981

• 24c · Other expenses: MISCELLANEOUS EXPENSE

  total $1,217 · program services $1,217

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,320,796 · end of year $1,007,385

• 4 · Accounts receivable

  beginning of year $13,094,409 · end of year $14,002,952

• 9 · Prepaid expenses and deferred charges

  beginning of year $344,981 · end of year $123,563

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

  $1,605,262

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $1,605,262

• 11 · Investments: publicly traded securities

  beginning of year $15,678,322 · end of year $7,153,852

• 12 · Investments: other securities

  beginning of year $159,185 · end of year $149,140

• 14 · Intangible assets

  end of year $1,175,001

• 15 · Other assets

  beginning of year $25,919,707 · end of year $39,213,457

• 17 · Accounts payable and accrued expenses

  beginning of year $11,213,184 · end of year $8,422,637

• 25 · Other liabilities

  beginning of year $0 · end of year $7,251,424

• 27 · Net assets without donor restrictions

  beginning of year $45,304,216 · end of year $48,756,551

The filer's explanations (Part III)

PART I, LINE 4B

SERVICES MANAGEMENT GROUP HAS ENTERED INTO DEFERRED COMPENSATION PLANS FOR BOTH THE CEO AND CFO. THE DEFERRED COMPENSATION PLAN INCLUDES 240 MONTHLY PAYMENTS OF $3,000 FOR THE CEO UPON VESTING AND RETIREMENT, AND 120 MONTHLY PAYMENTS OF $2,083.33 FOR THE CFO UPON VESTING AND RETIREMENT.