Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $324,050

• 1f · All other contributions, gifts and grants

  $3,205

• 2a · Program service revenue: PROGRAM LOAN ORIG FEES & INT

  total $158,046 · related or exempt $158,046

• 3 · Investment income

  total $60,984 · excluded $60,984

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $222,500 · program services $222,500

• 5 · Compensation of officers, directors and key employees

  total $120,290 · program services $120,290

• 7 · Other salaries and wages

  total $250,342 · program services $250,342

• 8 · Pension plan contributions

  total $7,060 · program services $7,060

• 9 · Other employee benefits

  total $27,372 · program services $27,372

• 10 · Payroll taxes

  total $28,554 · program services $28,554

• 11c · Fees: accounting

  total $11,196 · program services $8,920 · management and general $2,276

• 11g · Fees: other

  total $98,189 · program services $47,114 · management and general $51,075

• 13 · Office expenses

  total $7,764 · program services $7,013 · management and general $751

• 14 · Information technology

  total $14,038 · program services $14,038

• 16 · Occupancy

  total $35,344 · program services $35,344

• 20 · Interest

  total $4,996 · management and general $4,996

• 22 · Depreciation, depletion and amortization

  total $2,550 · management and general $2,550

• 23 · Insurance

  total $14,371 · management and general $14,371

• 24a · Other expenses: CREDIT LOSS EXPENSE

  total $86,981 · management and general $86,981

• 24b · Other expenses: LICENSES AND FEES

  total $787 · management and general $787

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $127,384 · end of year $47,282

• 2 · Savings and temporary cash investments

  beginning of year $3,181,316 · end of year $930,883

• 4 · Accounts receivable

  beginning of year $29,042 · end of year $45,879

• 7 · Other notes and loans receivable

  beginning of year $2,591,185 · end of year $4,243,830

• 9 · Prepaid expenses and deferred charges

  beginning of year $7,887 · end of year $8,765

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

  $12,750

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

  $10,413

• 10c · Land, buildings and equipment, net

  beginning of year $4,887 · end of year $2,337

• 17 · Accounts payable and accrued expenses

  beginning of year $40,314

• 19 · Deferred revenue

  beginning of year $608,575 · end of year $284,525

• 24 · Unsecured notes and loans payable

  beginning of year $1,325,000 · end of year $1,325,000

• 25 · Other liabilities

  beginning of year $49,481 · end of year $137,169

• 27 · Net assets without donor restrictions

  beginning of year $2,674,795 · end of year $3,270,242

• 28 · Net assets with donor restrictions

  beginning of year $1,243,536 · end of year $262,040

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 7

EMPLOYEES RECEIVE BONUSES THAT ARE PART OF THEIR COMPENSATION. THE AMOUNTS WERE LESS THAN 7,000 DURING THE 2024 YEAR.