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Nonprofiteer
← MONTROSE COUNSELING CENTER PERMANENT ENDOWMENT INC

Form 990 for tax year 2024

Filed by MONTROSE COUNSELING CENTER PERMANENT ENDOWMENT INC.

Totals

Total revenue
$593,601
Total expenses
$681,999
Contributions and grants received
$50
Grants paid
$0
Program service revenue
$567,048
Investment income
$26,503
Other revenue
$0
Total assets, end of year
$5,042,348
Total liabilities, end of year
$243,152
Net assets or fund balances, end of year
$4,799,196
Program services expenses (Part IX)
$681,999
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$681,999

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $50

  • 2a · Program service revenue: Rental revenue

    total $567,048 · related or exempt $567,048

  • 3 · Investment income

    total $26,503 · excluded $26,503

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $19,675 · program services $19,675

  • 7 · Other salaries and wages

    total $105,464 · program services $105,464

  • 8 · Pension plan contributions

    total $2,048 · program services $2,048

  • 9 · Other employee benefits

    total $5,956 · program services $5,956

  • 10 · Payroll taxes

    total $8,763 · program services $8,763

  • 11c · Fees: accounting

    total $3,400 · program services $3,400

  • 11g · Fees: other

    total $26,013 · program services $26,013

  • 13 · Office expenses

    total $2,905 · program services $2,905

  • 16 · Occupancy

    total $74,899 · program services $74,899

  • 22 · Depreciation, depletion and amortization

    total $208,027 · program services $208,027

  • 23 · Insurance

    total $149,251 · program services $149,251

  • 24a · Other expenses: Janitorial services

    total $58,680 · program services $58,680

  • 24b · Other expenses: Supplies

    total $16,918 · program services $16,918

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $507,706 · end of year $626,823

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,271 · end of year $4,760

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

    $7,434,746

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

    $3,404,081

  • 10c · Land, buildings and equipment, net

    beginning of year $4,194,674 · end of year $4,030,665

  • 11 · Investments: publicly traded securities

    beginning of year $339,427 · end of year $380,100

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,754 · end of year $10,353

  • 25 · Other liabilities

    beginning of year $181,255 · end of year $232,799

  • 27 · Net assets without donor restrictions

    beginning of year $4,363,760 · end of year $4,289,887

  • 28 · Net assets with donor restrictions

    beginning of year $509,309 · end of year $509,309

Mission and programs · 2024

Mission

Montrose Counseling Center Permanent Endowment, Inc. (Endowment) provides support for the Montrose Center and its mission.

Activities or mission (Part I)

Montrose Counseling Center Permanent Endowment, Inc. provides support for the Montrose Center.

  • The Endowment maintains the building occupied by the Montrose Center.

    Expenses $681,999 · Revenue $567,048

As filed on the 2024 return.

Listed in Part VII

  • Ralph Herring OD MHA

    President

    Total calculated
    $0
    Hours/week
    1

  • Michael Sirimaturos PharmD BCNSP

    Vice President

    Total calculated
    $0
    Hours/week
    1

  • Horacio Rodriguez

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Jason Doxey

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Jim Bailey

    Director

    Total calculated
    $0
    Hours/week
    1

  • Bobby Cruz

    Director

    Total calculated
    $0
    Hours/week
    1

  • Adriana Mendez

    Director

    Total calculated
    $0
    Hours/week
    1

  • George Grant

    Director

    Total calculated
    $0
    Hours/week
    1

  • Chris Robertson

    Director

    Total calculated
    $0
    Hours/week
    1

  • Avery Belyeu

    CEO

    Total calculated
    $211,517
    From this org
    $10,267
    From related orgs
    $195,077
    Other
    $6,173
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $10,267 + $195,077 related
    Bonus
    $0
    Other
    $0
    Deferred
    $147 + $2,791 related
    Nontaxable benefits
    $162 + $3,073 related
    Filer's total
    $10,576 + $200,941 related

  • Gary Powers

    Finance Director

    Total calculated
    $95,241
    From this org
    $4,609
    From related orgs
    $87,569
    Other
    $3,063
    Hours/week
    1 + 40 related

  • Amir Yunus

    CFO

    Total calculated
    $86,756
    From this org
    $4,333
    From related orgs
    $82,333
    Other
    $90
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
The Montrose Center's board of directors, a related organization, votes to approve the CEO's compensation.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
7 July 2026
IRS schema version
2024v5.5
Source object
202641889349301049

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