Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $540,205

• 1d · Related organizations

  $1,707,279

• 1e · Government grants (contributions)

  $900,000

• 1f · All other contributions, gifts and grants

  $2,598,274

• 1g · Noncash contributions included above

  $16,477

• 3 · Investment income

  total $620,567 · excluded $620,567

• 7a · Gross sales of assets other than inventory

  securities $19,179

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

  securities $18,999

• 7c · Gain or loss

  securities $180

• 7d · Net gain or loss

  total $180 · excluded $180

• 8a · Fundraising events: gross income

  $0

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

  $540,205

• 8b · Fundraising events: direct expenses

  $436,500

• 8c · Net income from fundraising events

  total -$436,500 · excluded -$436,500

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,429,500 · program services $6,429,500

• 5 · Compensation of officers, directors and key employees

  total $485,916 · management and general $242,958 · fundraising $242,958

• 7 · Other salaries and wages

  total $865,724 · fundraising $865,724

• 8 · Pension plan contributions

  total $29,045 · fundraising $29,045

• 9 · Other employee benefits

  total $120,222 · fundraising $120,222

• 10 · Payroll taxes

  total $81,795 · fundraising $81,795

• 11b · Fees: legal

  total $3,710 · management and general $3,710

• 11c · Fees: accounting

  total $7,770 · management and general $7,770

• 11e · Fees: professional fundraising services

  total $146,870 · fundraising $146,870

• 11g · Fees: other

  total $387,835 · management and general $126,335 · fundraising $261,500

• 12 · Advertising and promotion

  total $442,668 · fundraising $442,668

• 13 · Office expenses

  total $62,532 · fundraising $62,532

• 16 · Occupancy

  total $2,100 · fundraising $2,100

• 17 · Travel

  total $26,317 · fundraising $26,317

• 19 · Conferences, conventions and meetings

  total $2,306 · fundraising $2,306

• 22 · Depreciation, depletion and amortization

  total $863 · fundraising $863

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,610,435 · end of year $1,692,643

• 2 · Savings and temporary cash investments

  beginning of year $91 · end of year $21,115

• 3 · Pledges and grants receivable

  beginning of year $3,394,896 · end of year $3,228,836

• 7 · Other notes and loans receivable

  beginning of year $54,001,975 · end of year $60,673,080

• 9 · Prepaid expenses and deferred charges

  beginning of year $73,016 · end of year $162,741

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

  $28,493

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

  $24,694

• 10c · Land, buildings and equipment, net

  beginning of year $4,662 · end of year $3,799

• 15 · Other assets

  beginning of year $408,584 · end of year $96,818

• 17 · Accounts payable and accrued expenses

  beginning of year $147,836 · end of year $27,272

• 25 · Other liabilities

  beginning of year $54,001,975 · end of year $60,673,080

• 27 · Net assets without donor restrictions

  beginning of year $1,337,348 · end of year $1,691,680

• 28 · Net assets with donor restrictions

  beginning of year $7,006,500 · end of year $3,487,000

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S PRESIDENT IS COMPENSATED BY MARTIN LUTHER KING, JR.-LOS ANGELES HEALTHCARE CORPORATION, A RELATED ORGANIZATION; COMPENSATION FOR THE PRESIDENT IS DETERMINED VIA A COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

PART I, LINE 4B

ELAINE BATCHLOR AND DYAN SUBLETT PARTICIPATE IN THE MARTIN LUTHER KING, JR. COMMUNITY HOSPITAL SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (THE "PLAN") EFFECTIVE AS OF JANUARY 1, 2020 (THE "ADOPTION DATE"). THEY RECEIVED THE FOLLOWING DISTRIBUTIONS DURING 2022: ELAINE BATCHLOR: $104,002 DYAN SUBLETT: $67,102