Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $47,948

• 2a · Program service revenue: MANAGEMENT FEES

  total $8,812,155 · related or exempt $8,812,155

• 3 · Investment income

  total $201,014 · excluded $201,014

• 7a · Gross sales of assets other than inventory

  other assets $2,557,513

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

  other assets $2,600,511

• 7c · Gain or loss

  other assets -$42,998

• 7d · Net gain or loss

  total -$42,998 · excluded -$42,998

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $7,523 · program services $7,523

• 5 · Compensation of officers, directors and key employees

  total $141,332 · management and general $141,332

• 7 · Other salaries and wages

  total $6,236,479 · management and general $6,236,479

• 8 · Pension plan contributions

  total $178,252 · management and general $178,252

• 9 · Other employee benefits

  total $918,208 · management and general $918,208

• 10 · Payroll taxes

  total $581,053 · management and general $581,053

• 11a · Fees: management

  total $52,446 · management and general $52,446

• 11b · Fees: legal

  total $395,142 · management and general $395,142

• 11c · Fees: accounting

  total $369,441 · management and general $369,441

• 11f · Fees: investment management

  total $1 · management and general $1

• 11g · Fees: other

  total $359,739 · management and general $359,739

• 12 · Advertising and promotion

  total $698,012 · management and general $698,012

• 13 · Office expenses

  total $45,052 · management and general $45,052

• 14 · Information technology

  total $1,065,219 · management and general $1,065,219

• 16 · Occupancy

  total $133,790 · management and general $133,790

• 17 · Travel

  total $50,587 · management and general $50,587

• 19 · Conferences, conventions and meetings

  total $43,495 · management and general $43,495

• 20 · Interest

  total $300,532 · management and general $300,532

• 22 · Depreciation, depletion and amortization

  total $641,055 · management and general $641,055

• 23 · Insurance

  total -$213,169 · management and general -$213,169

• 24a · Other expenses: EMPLOYEE RECRUITING & R

  total $223,103 · management and general $223,103

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $61,250 · management and general $61,250

• 24c · Other expenses: SUPPLIES & EQUIPMENT

  total -$21,389 · management and general -$21,389

• 24e · All other expenses

  total $80,983 · management and general $80,983

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $254,302 · end of year $312,630

• 2 · Savings and temporary cash investments

  beginning of year $517,256 · end of year $0

• 3 · Pledges and grants receivable

  end of year $18,010

• 4 · Accounts receivable

  beginning of year $107,273 · end of year $172,583

• 8 · Inventories for sale or use

  beginning of year $29,800 · end of year $76,550

• 9 · Prepaid expenses and deferred charges

  beginning of year $514,626 · end of year $1,088,220

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

  $3,429,957

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

  $2,357,475

• 10c · Land, buildings and equipment, net

  beginning of year $3,248,923 · end of year $1,072,482

• 11 · Investments: publicly traded securities

  beginning of year $4,759,118 · end of year $3,239,410

• 12 · Investments: other securities

  beginning of year $194,114 · end of year $187,703

• 13 · Investments: program-related

  beginning of year $10,249,386 · end of year $8,143,105

• 15 · Other assets

  beginning of year $13,574 · end of year $44,295

• 17 · Accounts payable and accrued expenses

  beginning of year $3,152,845 · end of year $2,848,303

• 23 · Secured mortgages and notes payable

  beginning of year $2,533,659 · end of year $2,299,244

• 25 · Other liabilities

  beginning of year $20,666,314 · end of year $20,232,046

• 27 · Net assets without donor restrictions

  beginning of year -$6,525,681 · end of year -$11,105,049

• 28 · Net assets with donor restrictions

  beginning of year $61,235 · end of year $80,444

The filer's explanations (Part III)

PART I, LINE 1A

ROB KRETZINGER, PRESIDENT & CEO AND CRAIG FLANAGAN, CFO, EACH RECEIVED $3,600 FOR SOCIAL CLUB DUES; THIS BENEFIT WAS INCLUDED IN HIS TAXABLE W-2 COMPENSATION.

PART I, LINE 3

WESLEYLIFE DETERMINES THE CEO'S COMPENSATION. WESLEYLIFE, WCS AND WRS HAVE THE SAME BOARD MEMBERS. SEE SCHEDULE O FOR THE NARRATIVE RELATED TO FORM 990, PART VI, LINE 15 FOR FURTHER INFORMATION.

PART I, LINE 4B

THE FOLLOWING INDIVIDUALS PARTICIPATED IN THEIR 457(F) DEFERRED COMPENSATION PLAN IN 2023: JANET SIMPSON - $20,000 KRISTY VANDERWIEL - $25,000 CRAIG FLANAGAN - $15,000 SOPHIA AHMAD - $7,000 AMBER WENTZ - $5,000

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• WESLEY DEVELOPMENT SERVICES LLC

  DEVELOPMENT SERVICES · IA

  Directly controlled by WESLEYLIFE