Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Parking Fees

  total $2,214,924 · related or exempt $2,214,924

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,104,553 · program services $1,104,553

• 13 · Office expenses

  total $57,628 · program services $14,681 · management and general $42,947

• 14 · Information technology

  total $2,207 · program services $2,207

• 16 · Occupancy

  total $28,735 · program services $28,735

• 17 · Travel

  total $1,698 · program services $1,698

• 20 · Interest

  total $28,111 · program services $28,111

• 22 · Depreciation, depletion and amortization

  total $250,693 · program services $250,693

• 23 · Insurance

  total $25,602 · program services $25,602

• 24a · Other expenses: Parking operating svcs

  total $742,474 · program services $705,851 · management and general $36,623

• 24b · Other expenses: Repairs and maintenance

  total $69,455 · program services $69,455

• 24c · Other expenses: Equipment rental

  total $29,497 · program services $29,497

• 24d · Other expenses: Production expenses

  total $237 · program services $237

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $237,250 · end of year $283,229

• 2 · Savings and temporary cash investments

  beginning of year $438,757 · end of year $88,757

• 4 · Accounts receivable

  beginning of year $60,000 · end of year $82,050

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,254 · end of year $11,886

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

  $10,592,822

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

  $3,303,081

• 10c · Land, buildings and equipment, net

  beginning of year $7,540,434 · end of year $7,289,741

• 17 · Accounts payable and accrued expenses

  beginning of year $21,644

• 20 · Tax-exempt bond liabilities

  beginning of year $969,355 · end of year $584,933

• 27 · Net assets without donor restrictions

  beginning of year $7,296,696 · end of year $7,170,730

The filer's explanations (Part III)

Part I, Line 3

A related organization, The Hobby Center Foundation, uses the following methods in establishing executive compensation: Executive Committee review and approval, independent compensation consultant, Form 990s of other organizations, compensation surveys and studies.