Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $16,264

• 1c · Fundraising events

  $85,336

• 1e · Government grants (contributions)

  $26,871

• 1f · All other contributions, gifts and grants

  $3,139,736

• 1g · Noncash contributions included above

  $2,491,883

• 2a · Program service revenue: PROGRAM SERVICE REVENUE

  total $68,450 · related or exempt $68,450

• 3 · Investment income

  total $12,196 · excluded $12,196

• 8a · Fundraising events: gross income

  $84,965

• 8a · Fundraising events: contributions included on line 1c

  $85,336

• 8b · Fundraising events: direct expenses

  $33,029

• 8c · Net income from fundraising events

  total $51,936 · excluded $51,936

• 9a · Gaming: gross income

  $2,864

• 9c · Net income from gaming

  total $2,864 · excluded $2,864

Functional expenses

Part IX, the statement of functional expenses.

• 11b · Fees: legal

  total $237 · program services $61 · management and general $176

• 11c · Fees: accounting

  total $23,867 · program services $6,146 · management and general $17,721

• 11f · Fees: investment management

  total $3,777 · management and general $3,777

• 11g · Fees: other

  total $94,626 · program services $24,748 · management and general $69,878

• 13 · Office expenses

  total $46,216 · program services $46,216

• 20 · Interest

  total $19,415 · program services $19,415

• 22 · Depreciation, depletion and amortization

  total $26,891 · program services $26,891

• 24a · Other expenses: FOOD DISTRIBUTION

  total $2,618,742 · program services $2,618,742

• 24b · Other expenses: REIMBURSED WAGES & RLTD

  total $369,955 · program services $369,955

• 24c · Other expenses: UTILITIES

  total $28,864 · program services $28,864

• 24d · Other expenses: TRANSPORTATION

  total $14,405 · program services $14,405

• 24e · All other expenses

  total $58,988 · program services $58,988

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $558,614 · end of year $751,153

• 3 · Pledges and grants receivable

  beginning of year $133,260 · end of year $62,434

• 8 · Inventories for sale or use

  beginning of year $113,687 · end of year $103,244

• 9 · Prepaid expenses and deferred charges

  beginning of year $50,957 · end of year $44,767

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

  $1,178,389

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

  $222,813

• 10c · Land, buildings and equipment, net

  beginning of year $982,467 · end of year $955,576

• 11 · Investments: publicly traded securities

  beginning of year $310,503 · end of year $317,744

• 15 · Other assets

  beginning of year $2,250 · end of year $16,454

• 17 · Accounts payable and accrued expenses

  beginning of year $16,603 · end of year $15,635

• 23 · Secured mortgages and notes payable

  beginning of year $433,906 · end of year $417,609

• 25 · Other liabilities

  beginning of year $57,057 · end of year $71,036

• 27 · Net assets without donor restrictions

  beginning of year $1,506,325 · end of year $1,686,855

• 28 · Net assets with donor restrictions

  beginning of year $137,847 · end of year $60,237

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

MICHAEL J. KIVITZ 0 774,851 0

SCHEDULE J, PART III

THE ORGANIZATION IS RELATED TO ADELANTE DEVELOPMENT CENTER, INC. AND HAS BOARD OF DIRECTOR MEMBERS THAT RECEIVED COMPENSATION FROM THE RELATED ORGANIZATION. THE RELATED ORGANIZATION HAD A DEFERRED COMPENSATION PLAN DURING THE FISCAL YEAR ENDED JUNE 30, 2023 AND JUNE 30, 2022. THERE WERE NO CONTRIBUTIONS TO THE PLAN FOR THE FISCAL YEAR ENDED JUNE 30, 2023, OR FISCAL YEAR ENDED JUNE 30, 2022. MICHAEL KIVITZ WAS A PARTICIPANT IN THE PLAN, AND RETIRED IN APRIL 2021. HE IS LISTED AS A FORMER OFFICER ON THE CURRENT YEAR 990 AS REQUIRED BY THE IRS REPORTING REQUIREMENTS.