Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $870,300

• 1e · Government grants (contributions)

  $804,402

• 1f · All other contributions, gifts and grants

  $596,246

• 2a · Program service revenue: Contract operations

  total $169,934,515 · related or exempt $169,934,515

• 2b · Program service revenue: Rehabilitation service

  total $4,095,484 · related or exempt $4,095,484

• 3 · Investment income

  total $805,270 · excluded $805,270

• 6a · Gross rents

  real property $410,640

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $410,640

• 6d · Net rental income or loss

  total $410,640 · excluded $410,640

• 7a · Gross sales of assets other than inventory

  securities $4,207,531

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

  securities $4,207,131

• 7c · Gain or loss

  securities $400

• 7d · Net gain or loss

  total $400 · excluded $400

• 11a · Other revenue: Other income

  total $78,834 · excluded $78,834

• 11e · Other revenue, total

  $78,834

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,950,000 · program services $1,950,000

• 2 · Grants to domestic individuals

  total $218,331 · program services $218,331

• 5 · Compensation of officers, directors and key employees

  total $1,960,779 · program services $1,723,631 · management and general $229,777 · fundraising $7,371

• 7 · Other salaries and wages

  total $69,857,833 · program services $61,408,837 · management and general $8,186,388 · fundraising $262,608

• 8 · Pension plan contributions

  total $4,896,406 · program services $4,304,207 · management and general $573,792 · fundraising $18,407

• 9 · Other employee benefits

  total $12,021,633 · program services $10,567,669 · management and general $1,408,772 · fundraising $45,192

• 10 · Payroll taxes

  total $5,118,870 · program services $4,499,765 · management and general $599,862 · fundraising $19,243

• 11b · Fees: legal

  total $214,815 · program services $212,523 · management and general $2,225 · fundraising $67

• 11c · Fees: accounting

  total $172,854 · management and general $172,854

• 11f · Fees: investment management

  total $31,664 · management and general $31,664

• 11g · Fees: other

  total $55,516,641 · program services $54,924,224 · management and general $575,137 · fundraising $17,280

• 12 · Advertising and promotion

  total $50,990 · program services $50,446 · management and general $528 · fundraising $16

• 13 · Office expenses

  total $407,497 · program services $386,746 · management and general $19,639 · fundraising $1,112

• 14 · Information technology

  total $2,366,966 · program services $1,286,361 · management and general $1,076,751 · fundraising $3,854

• 16 · Occupancy

  total $3,319,678 · program services $3,150,634 · management and general $159,982 · fundraising $9,062

• 17 · Travel

  total $766,486 · program services $648,540 · management and general $109,280 · fundraising $8,666

• 19 · Conferences, conventions and meetings

  total $596,217 · program services $504,472 · management and general $85,004 · fundraising $6,741

• 20 · Interest

  total $153,494 · program services $129,875 · management and general $21,884 · fundraising $1,735

• 22 · Depreciation, depletion and amortization

  total $2,087,238 · program services $1,134,338 · management and general $949,500 · fundraising $3,400

• 23 · Insurance

  total $624,760 · program services $528,623 · management and general $89,074 · fundraising $7,063

• 24a · Other expenses: Contract/ other supplie

  total $10,105,747 · program services $9,591,145 · management and general $487,017 · fundraising $27,585

• 24b · Other expenses: CNA fee

  total $4,532,444 · program services $3,834,999 · management and general $646,203 · fundraising $51,242

• 24c · Other expenses: Repairs & maintenance

  total $1,032,483 · program services $561,117 · management and general $469,684 · fundraising $1,682

• 24d · Other expenses: Overhead allocation

  total -$6,686,456 · management and general -$6,686,456

• 24e · All other expenses

  total $1,228,125 · program services $1,007,957 · management and general $204,002 · fundraising $16,166

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,531 · end of year $10,000

• 2 · Savings and temporary cash investments

  beginning of year $3,189,599 · end of year $3,603,292

• 4 · Accounts receivable

  beginning of year $28,733,797 · end of year $29,263,699

• 8 · Inventories for sale or use

  beginning of year $1,124,356 · end of year $1,055,160

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,510,400 · end of year $2,364,039

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

  $40,921,600

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

  $27,201,487

• 10c · Land, buildings and equipment, net

  beginning of year $13,834,334 · end of year $13,720,113

• 11 · Investments: publicly traded securities

  beginning of year $27,409,360 · end of year $32,621,106

• 15 · Other assets

  beginning of year $30,832,414 · end of year $40,248,529

• 17 · Accounts payable and accrued expenses

  beginning of year $28,142,596 · end of year $29,401,975

• 19 · Deferred revenue

  beginning of year $633,745 · end of year $569,302

• 20 · Tax-exempt bond liabilities

  beginning of year $4,633,349 · end of year $4,368,168

• 24 · Unsecured notes and loans payable

  beginning of year $477,961 · end of year $0

• 25 · Other liabilities

  beginning of year $5,858,064 · end of year $13,229,891

• 27 · Net assets without donor restrictions

  beginning of year $67,155,827 · end of year $74,942,879

• 28 · Net assets with donor restrictions

  beginning of year $742,249 · end of year $373,723

The filer's explanations (Part III)

Part I, Line 3

The board of directors determines compensation for the president and CEO of ServiceSource on an annual basis. The process for making this independent determination includes using data for similar positions at comparable organizations, and the compensation arrangement is documented when decided by the board of directors. An independent compensation consultant conducts an executive salary survey on an annual basis, with the results of the survey being reviewed and considered by the board of directors for determination of the CEO's compensation. Compensation for other officers and key employees is determined based on periodic market analysis, including an executive salary survey conducted by a leading consulting firm conducted at least every three years.

Disregarded entities

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

• ServiceSource Enterprises LLC

  Food services contract · VA · income $0 · assets $0

  Directly controlled by ServiceSource Inc