Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,241,003

• 1f · All other contributions, gifts and grants

  $1,759,580

• 3 · Investment income

  total $20,074 · excluded $20,074

• 6a · Gross rents

  real property $50,643

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $50,643

• 6d · Net rental income or loss

  total $50,643 · excluded $50,643

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $42,543 · related or exempt $42,543

• 11e · Other revenue, total

  $42,543

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $79,616 · program services $57,854 · management and general $21,762

• 7 · Other salaries and wages

  total $2,251,026 · program services $1,994,115 · management and general $256,911

• 9 · Other employee benefits

  total $406,764 · program services $324,764 · management and general $82,000

• 10 · Payroll taxes

  total $213,938 · program services $189,951 · management and general $23,987

• 11b · Fees: legal

  total $229 · management and general $229

• 11c · Fees: accounting

  total $342 · management and general $342

• 11g · Fees: other

  total $66,980 · program services $40,660 · management and general $26,320

• 12 · Advertising and promotion

  total $35,163 · program services $35,163

• 13 · Office expenses

  total $87,851 · program services $83,197 · management and general $4,654

• 16 · Occupancy

  total $217,551 · program services $213,732 · management and general $3,819

• 17 · Travel

  total $18,524 · program services $14,089 · management and general $4,435

• 22 · Depreciation, depletion and amortization

  total $3,599 · program services $3,156 · management and general $443

• 23 · Insurance

  total $8,500 · program services $6,053 · management and general $2,447

• 24a · Other expenses: CONTRACT

  total $230,251 · program services $228,474 · management and general $1,777

• 24b · Other expenses: EQUIPMENT

  total $75,595 · program services $71,720 · management and general $3,875

• 24c · Other expenses: MISCELLANEOUS

  total $30,774 · program services $28,677 · management and general $2,097

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $55,890 · end of year $42,163

• 4 · Accounts receivable

  beginning of year $850,922 · end of year $1,176,943

• 9 · Prepaid expenses and deferred charges

  beginning of year $60,758 · end of year $46,217

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

  $41,000

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

  $25,444

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $15,556

• 15 · Other assets

  beginning of year $1,700,309 · end of year $1,589,699

• 17 · Accounts payable and accrued expenses

  beginning of year $47,036 · end of year $48,997

• 25 · Other liabilities

  beginning of year $1,341,628 · end of year $1,155,226

• 27 · Net assets without donor restrictions

  beginning of year $1,279,215 · end of year $1,117,689

• 28 · Net assets with donor restrictions

  end of year $548,666

The filer's explanations (Part III)

SCHEDULE J, LINE 3:

THE RELATED ORGANIZATION (SER METRO DETROIT JOBS FOR PROGRESS) USED THE FOLLOWING METHODOLOGIES TO ESTABLISH THE COMPENSATION OF THE CEO/CFO/VP OF OPERATIONS: DATA FROM FORM 990 OF SIMILAR NON PROFIT ORGANIZATIONS, A COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE EXECUTIVE COMPENSATION COMMITTEE.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SERCO INC

  C · JOB TRAINING · MI

  Directly controlled by SER METRO DETROIT JOBS FOR PROGRESS