Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,685,235

• 2a · Program service revenue: PROFESSIONAL SVC REV

  total $182,500 · related or exempt $182,500

• 2b · Program service revenue: ADMISSIONS FEES

  total $151,000 · related or exempt $151,000

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $534,323 · program services $427,458 · management and general $106,865

• 7 · Other salaries and wages

  total $4,076,957 · program services $3,261,566 · management and general $815,391

• 8 · Pension plan contributions

  total $157,332 · program services $125,866 · management and general $31,466

• 9 · Other employee benefits

  total $643,620 · program services $514,896 · management and general $128,724

• 10 · Payroll taxes

  total $307,164 · program services $245,731 · management and general $61,433

• 11g · Fees: other

  total $1,580,946 · program services $1,264,757 · management and general $316,189

• 12 · Advertising and promotion

  total $70,764 · program services $70,764

• 13 · Office expenses

  total $25,870 · program services $20,696 · management and general $5,174

• 14 · Information technology

  total $176,889 · program services $141,511 · management and general $35,378

• 16 · Occupancy

  total $1,299,445 · program services $1,039,556 · management and general $259,889

• 17 · Travel

  total $75,224 · program services $60,179 · management and general $15,045

• 19 · Conferences, conventions and meetings

  total $29,867 · program services $23,894 · management and general $5,973

• 22 · Depreciation, depletion and amortization

  total $571,883 · program services $457,506 · management and general $114,377

• 23 · Insurance

  total $95,327 · program services $76,262 · management and general $19,065

• 24a · Other expenses: LICENSES

  total $212,192 · program services $169,754 · management and general $42,438

• 24b · Other expenses: EQUIPMENT & MAINTENANCE

  total $92,290 · program services $73,832 · management and general $18,458

• 24c · Other expenses: DUES

  total $64,387 · program services $51,510 · management and general $12,877

• 24e · All other expenses

  total $299,901 · program services $239,921 · management and general $59,980

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $887,602

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,455 · end of year $50,571

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

  $7,612,204

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

  $571,883

• 10c · Land, buildings and equipment, net

  beginning of year $1,145,629 · end of year $7,040,321

• 15 · Other assets

  beginning of year $0 · end of year $9,006,996

• 17 · Accounts payable and accrued expenses

  beginning of year $1,763,895 · end of year $1,169,826

• 25 · Other liabilities

  beginning of year $4,086,637 · end of year $19,828,762

• 27 · Net assets without donor restrictions

  beginning of year -$4,694,448 · end of year -$12,990,094

• 28 · Net assets with donor restrictions

  end of year $8,976,996

The filer's explanations (Part III)

PART I LINE 3

METHODS USED BY A RELATED ORGANIZATION TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR: THE ORGANIZATION DOES NOT HAVE ANY PAID EMPLOYEES; ALL COMPENSATION IS PAID BY A RELATED ORGANIZATION, MMC. MMC CHECKS THE FOLLOWING BOXES FOR SCHEDULE J, QUESTION 3 ON ITS FORM 990: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION BY SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE THE COMPENSATION PAID TO THE OFFICERS AND KEY EMPLOYEE LISTED ON MSOM'S FORM 990 WAS ESTABLISHED PURSUANT TO THE REBUTTABLE PRESUMPTION OF REASONABLENESS.

PART I LINE 4B

SEVERAL OFFICERS ARE PARTICIPANTS IN A 457F PLAN THAT WAS APPROVED BY THE EXECUTIVE COMMITTEE OF THE MMC BOARD OF DIRECTORS. FOR THE CURRENT YEAR, THE FOLLOWING AMOUNTS WERE DEFERRED BY MMC AND ARE NOT SUBSTANTIALLY VESTED AND SUBJECT TO CREDITOR CLAIMS AND FORFEITURES: MAULIK JOSHI $214,250 LYNN HAINES $26,526 JOSHUA REPAC $35,640 MAULIK JOSHI RECEIVED A 457F DISTRIBUTION OF $135,235.

Related corporations and trusts

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

• MERITUS INSURANCE COMPANY LTD

  CAPTIVE INSURANCE · CJ

• MERITUS ENTERPRISES INC

  C · HEALTH SERVICES · MD