Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT FEES

  total $32,780,967 · related or exempt $32,780,967

• 2b · Program service revenue: CLIENT SERVICE FEES

  total $89,726 · related or exempt $89,726

• 3 · Investment income

  total -$384,832 · excluded -$384,832

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

  securities $17,544

• 7c · Gain or loss

  securities -$17,544

• 7d · Net gain or loss

  total -$17,544 · excluded -$17,544

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

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

• 2 · Grants to domestic individuals

  total $32,440 · program services $32,440

• 5 · Compensation of officers, directors and key employees

  total $1,397,860 · management and general $1,397,860

• 7 · Other salaries and wages

  total $17,368,842 · management and general $17,368,842

• 9 · Other employee benefits

  total $3,723,191 · management and general $3,723,191

• 10 · Payroll taxes

  total $1,420,558 · management and general $1,420,558

• 11b · Fees: legal

  total $328,662 · management and general $328,662

• 11g · Fees: other

  total $2,701,837 · management and general $2,701,837

• 12 · Advertising and promotion

  total $7,730 · management and general $7,730

• 13 · Office expenses

  total $729,461 · management and general $729,461

• 14 · Information technology

  total $966,065 · management and general $966,065

• 16 · Occupancy

  total $1,680,361 · management and general $1,680,361

• 17 · Travel

  total $241,061 · management and general $241,061

• 19 · Conferences, conventions and meetings

  total $91,582 · management and general $91,582

• 22 · Depreciation, depletion and amortization

  total $470,453 · management and general $470,453

• 23 · Insurance

  total $225,991 · management and general $225,991

• 24a · Other expenses: SUPPLIES

  total $222,833 · management and general $222,833

• 24b · Other expenses: DUES AND MEMBERSHIPS

  total $77,508 · management and general $77,508

• 24c · Other expenses: BANK SERVICE CHARGES

  total $56,650 · management and general $56,650

• 24d · Other expenses: EMPLOYEE TRAINING

  total $22,753 · management and general $22,753

• 24e · All other expenses

  total -$38,994 · management and general -$38,994

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,155,464 · end of year $11,951,841

• 4 · Accounts receivable

  beginning of year $37,157 · end of year $12,091

• 7 · Other notes and loans receivable

  beginning of year $3,992,117 · end of year $4,038,825

• 9 · Prepaid expenses and deferred charges

  beginning of year $597,655 · end of year $430,845

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

  $3,424,422

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

  $1,863,828

• 10c · Land, buildings and equipment, net

  beginning of year $1,732,908 · end of year $1,560,594

• 11 · Investments: publicly traded securities

  beginning of year $7,748,914 · end of year $17,896,863

• 14 · Intangible assets

  beginning of year $10,000 · end of year $0

• 15 · Other assets

  beginning of year $80,642 · end of year $78,642

• 17 · Accounts payable and accrued expenses

  beginning of year $2,690,882 · end of year $1,317,886

• 25 · Other liabilities

  beginning of year $24,992,937 · end of year $36,189,995

• 27 · Net assets without donor restrictions

  beginning of year -$1,328,962 · end of year -$1,538,180

The filer's explanations (Part III)

PART I, LINE 4B

SERVICES MANAGEMENT GROUP HAS ENTERED INTO DEFERRED COMPENSATION PLANS FOR BOTH THE CEO AND CFO. THE DEFERRED COMPENSATION PLAN INCLUDES 240 MONTHLY PAYMENTS OF $3,000 FOR THE CEO UPON VESTING AND RETIREMENT, AND 120 MONTHLY PAYMENTS OF $2,083.33 FOR THE CFO UPON VESTING AND RETIREMENT.