Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,209,475

• 1f · All other contributions, gifts and grants

  $343,133

• 2a · Program service revenue: RENTAL OF BUILDING

  total $269,842 · unrelated business $26,042 · excluded $243,800

• 3 · Investment income

  total $21,135 · excluded $21,135

• 5 · Royalties

  total $4,340 · excluded $4,340

• 7a · Gross sales of assets other than inventory

  other assets $775,000

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

  other assets $821,326

• 7c · Gain or loss

  other assets -$46,326

• 7d · Net gain or loss

  total -$46,326 · unrelated business -$9,862 · excluded -$36,464

• 11a · Other revenue: MISCELLANEOUS

  total $8,849 · related or exempt $8,849

• 11e · Other revenue, total

  $8,849

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $8,172,955 · program services $8,172,955

• 7 · Other salaries and wages

  total $94,669 · program services $89,597 · management and general $5,072

• 11c · Fees: accounting

  total $24,150 · program services $19,250 · management and general $4,900

• 14 · Information technology

  total $72,216 · program services $72,216

• 16 · Occupancy

  total $60,606 · program services $48,309 · management and general $12,297

• 20 · Interest

  total $19,020 · program services $15,161 · management and general $3,859

• 22 · Depreciation, depletion and amortization

  total $90,602 · program services $72,219 · management and general $18,383

• 23 · Insurance

  total $66,270 · program services $52,824 · management and general $13,446

• 24a · Other expenses: EVENTS

  total $268,171 · program services $268,171

• 24b · Other expenses: MAINTENANCE & REPAIRS

  total $82,857 · program services $61,473 · management and general $21,384

• 24c · Other expenses: PROPERTY TAXES

  total $57,615 · program services $45,925 · management and general $11,690

• 24d · Other expenses: SUPPLIES

  total $10,067 · program services $10,067

• 24e · All other expenses

  total $10,000 · program services $10,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $328,730

• 2 · Savings and temporary cash investments

  beginning of year $1,591,986 · end of year $789,248

• 3 · Pledges and grants receivable

  beginning of year $95,415

• 4 · Accounts receivable

  beginning of year $300,000 · end of year $299,475

• 9 · Prepaid expenses and deferred charges

  beginning of year $56,260 · end of year $6,963

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

  $4,155,229

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

  $2,468,880

• 10c · Land, buildings and equipment, net

  beginning of year $8,905,949 · end of year $1,686,349

• 15 · Other assets

  beginning of year $50,000 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $334,554 · end of year $515,551

• 23 · Secured mortgages and notes payable

  beginning of year $846,509 · end of year $0

• 25 · Other liabilities

  beginning of year $4,583 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $9,191,674 · end of year $2,210,881

• 28 · Net assets with donor restrictions

  beginning of year $622,290 · end of year $384,333

The filer's explanations (Part III)

PART I, LINE 4B

NEIL CHRISTOPHER: NO 2023 CONTRIBUTION TO 457(F) PLAN HELD AND FUNDED BY THE MOBILE AREA CHAMBER OF COMMERCE, A RELATED ORGANIZATION. MR. CHRISTOPHER LEFT THE RELATED ORGANIZATION IN 2023. HIS 457(F) PLAN BALANCE OF $10,006 WAS DISTRIBUTED.