Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $583,834

• 1f · All other contributions, gifts and grants

  $97,850

• 2a · Program service revenue: ADMINISTRATIVE FEE

  total $4,000,279 · related or exempt $4,000,279

• 2b · Program service revenue: IT FEE

  total $2,192,555 · related or exempt $2,192,555

• 2c · Program service revenue: MANAGEMENT FEE

  total $1,477,680 · related or exempt $1,477,680

• 3 · Investment income

  total $729,104 · excluded $729,104

• 7a · Gross sales of assets other than inventory

  securities $25,095,930

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

  securities $23,691,378

• 7c · Gain or loss

  securities $1,404,552

• 7d · Net gain or loss

  total $1,404,552 · excluded $1,404,552

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $915,599 · program services $482,429 · management and general $433,170

• 7 · Other salaries and wages

  total $6,119,805 · program services $3,780,264 · management and general $2,339,541

• 8 · Pension plan contributions

  total $135,597 · program services $88,097 · management and general $47,500

• 9 · Other employee benefits

  total $942,019 · program services $615,511 · management and general $326,508

• 10 · Payroll taxes

  total $486,049 · program services $315,932 · management and general $170,117

• 11b · Fees: legal

  total $83,334 · management and general $83,334

• 11c · Fees: accounting

  total $9,568 · management and general $9,568

• 11f · Fees: investment management

  total $33,285 · management and general $33,285

• 11g · Fees: other

  total $374,336 · program services $197,191 · management and general $177,145

• 12 · Advertising and promotion

  total $210,365 · program services $178,810 · management and general $31,555

• 13 · Office expenses

  total $57,326 · program services $19,503 · management and general $37,823

• 14 · Information technology

  total $354,903 · management and general $354,903

• 16 · Occupancy

  total $120,188 · management and general $120,188

• 17 · Travel

  total $190,326 · management and general $190,326

• 20 · Interest

  total $9,221 · program services $7,838 · management and general $1,383

• 22 · Depreciation, depletion and amortization

  total $270,720 · program services $230,112 · management and general $40,608

• 23 · Insurance

  total $4,719 · management and general $4,719

• 24a · Other expenses: RETENTION AND RECRUITME

  total $235,489 · program services $81,377 · management and general $154,112

• 24b · Other expenses: INVENTORY WRITE-OFF

  total $231,082 · management and general $231,082

• 24c · Other expenses: LOSS ON IMPAIRMENT

  total $200,000 · management and general $200,000

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $103,587 · management and general $103,587

• 24e · All other expenses

  total $173,712 · program services $114,239 · management and general $59,473

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,655 · end of year $10,655

• 2 · Savings and temporary cash investments

  beginning of year $2,765,297 · end of year $3,526,960

• 4 · Accounts receivable

  beginning of year $22,359 · end of year $1,288,943

• 8 · Inventories for sale or use

  beginning of year $246,224

• 9 · Prepaid expenses and deferred charges

  beginning of year $98,470 · end of year $139,454

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

  $1,348,208

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

  $583,856

• 10c · Land, buildings and equipment, net

  beginning of year $699,840 · end of year $764,352

• 11 · Investments: publicly traded securities

  beginning of year $15,731,837 · end of year $15,418,443

• 15 · Other assets

  beginning of year $5,280,435 · end of year $7,717,761

• 17 · Accounts payable and accrued expenses

  beginning of year $1,780,175 · end of year $2,451,234

• 23 · Secured mortgages and notes payable

  beginning of year $1,742,830 · end of year $3,833,946

• 25 · Other liabilities

  beginning of year $6,332 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $21,325,780 · end of year $22,518,724

• 28 · Net assets with donor restrictions

  end of year $62,664

The filer's explanations (Part III)

PART I, LINE 4A

NAME: CATHLEEN TOOMEY, DESCRIPTION: SEVERENCE, CURRENT YEAR AMOUNT: $76,844. PLAN DESCRIPTION: SEVERANCE PAYMENT

PART I, LINE 7:

ALL COMPENSATION PAID TO THE CEO, INCLUDING ANY DISCRETIONARY BONUS, IS SUBJECT TO REVIEW AND APPROVAL BY THE BOARD. THIS REVIEW INCLUDED THE USE OF AN INDEPENDENT CONSULTANT TO GAIN RELEVANT COMPARABILITY DATA. ANY OTHER BONUS PAYMENT IS UP TO THE DISCRETION OF THE EMPLOYEE'S SENIOR LEADER. ANY BONUSES PAID TO SENIOR LEADERSHIP ARE ALSO SUBJECT TO REVIEW BY THE CEO. THE BONUS DETERMINATION IS BASED ON AN ANALYSIS OF THE EMPLOYEE'S PERFORMANCE DURING THE YEAR AND IS SUBJECT TO THE BUDGETARY CONSTRAINTS OF THE ORGANIZATION. THE BONUS PAID WAS INCLUDED IN 2024 W-2 COMPENSATION, AND AS SUCH IS REPORTED ON FORM 990, PART VII, COLUMN D AND SCHEDULE J, PART II, COLUMN B(II) AS FOLLOWS: JUSTINE VOGEL, CEO - $52,881 SHARI WOODY YOUNG, VP OF SALES - $35,587 KEVIN GOYETTE, CFO - $29,565 KIMBERLY GASKELL, VP OF OPERATIONS - $22,972 JOHN BOWE, VP OF HUMAN RESOURCES - $21,155 DAVID LAFFERTY, CIO - $20,538 CATHLEEN TOOMEY, VP OF MARKETING - $19,139