Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $953,620

• 1g · Noncash contributions included above

  $300,935

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $864,368 · excluded $864,368

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $38,753,788

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

  securities $39,597,223

• 7c · Gain or loss

  securities -$843,435 · other assets $0

• 7d · Net gain or loss

  total -$843,435 · excluded -$843,435

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $14,347,997 · program services $14,347,997

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 11a · Fees: management

  total $1,131,972 · program services $0 · management and general $592,751 · fundraising $539,221

• 11c · Fees: accounting

  total $1,250 · program services $0 · management and general $1,250 · fundraising $0

• 11f · Fees: investment management

  total $70,334 · program services $0 · management and general $70,334 · fundraising $0

• 11g · Fees: other

  total $29,790 · program services $0 · management and general $8,965 · fundraising $20,825

• 12 · Advertising and promotion

  total $12,803 · program services $0 · management and general $12,803 · fundraising $0

• 13 · Office expenses

  total $7,716 · program services $0 · management and general $3,697 · fundraising $4,019

• 14 · Information technology

  total $15,800 · program services $0 · management and general $15,800 · fundraising $0

• 17 · Travel

  total $18,707 · program services $0 · management and general $15,148 · fundraising $3,559

• 19 · Conferences, conventions and meetings

  total $277 · program services $0 · management and general $0 · fundraising $277

• 24a · Other expenses: Overhead Allocated by Parent

  total $424,401 · program services $0 · management and general $424,401 · fundraising $0

• 24b · Other expenses: Miscellaneous

  total $21,189 · program services $0 · management and general $8,989 · fundraising $12,200

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $753,951 · end of year $173,536

• 2 · Savings and temporary cash investments

  beginning of year $295,540 · end of year $296,086

• 3 · Pledges and grants receivable

  end of year $201,500

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $33,800,253 · end of year $31,542,014

• 12 · Investments: other securities

  beginning of year $10,516,577 · end of year $3,594,040

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $402,627 · end of year $39,615

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $512,685 · end of year $294,680

• 27 · Net assets without donor restrictions

  beginning of year $48,060 · end of year -$20,543

• 28 · Net assets with donor restrictions

  beginning of year $44,402,949 · end of year $35,493,424

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

ALL COMPENSATION IS DETERMINED AND PAID BY VITALANT, A RELATED TAX -EXEMPT ORGANIZATION.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

CERTAIN INDIVIDUALS PARTICIPATE IN A SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN. THE FOLLOWING INDIVIDUALS EXPERIENCED A TAXABLE VESTING EVENT DURING THE YEAR AS FOLLOWS. THESE AMOUNTS WERE INCLUDED IN COLUMN (B)(III) AS TAXABLE WAGES. ANY PORTION OF THE DISTRIBUTION THAT WAS PREVIOUSLY REPORTED ON A PRIOR 990 AS DEFERRED HAS BEEN REPORTED IN COLUMN (F). MAUREEN MUSSELMAN - $1,944

Schedule J, Part I, Line 7 NON-FIXED PAYMENTS

VITALANT HAS AN INCENTIVE PLAN FOR MANAGEMENT AND EXECUTIVES. AWARDS UNDER THE PROGRAM ARE AT THE DISCRETION OF THE BOARD OF TRUSTEES. THE PLAN MEASURES PERFORMANCE AGAINST MULTIPLE METRICS WHICH CARRY VARIOUS WEIGHTINGS, THE MOST HEAVILY WEIGHTED BEING QUALITY, SAFETY AND CUSTOMER SERVICE. TO ASSURE FINANCIAL STABILITY OF THE COMPANY, ONE OF THE METRICS IS ALSO A MEASUREMENT OF NET MARGIN, FINANCIAL PERFORMANCE AS A PERCENT OF REVENUES.

Related corporations and trusts

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

• CANYON STATE INSURANCE COMPANY

  C Corporation · CAPTIVE INSURANCE · CJ · controlled entity

  Directly controlled by NA