Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $104,352

• 1f · All other contributions, gifts and grants

  $22,710

• 2a · Program service revenue: Upward Star Center

  total $408,849 · related or exempt $259,631 · unrelated business $149,218

• 2b · Program service revenue: Run for God

  total $23,037 · related or exempt $19,937 · unrelated business $3,100

• 3 · Investment income

  total $319,009 · excluded $319,009

• 6a · Gross rents

  real property $728,153 · personal property $66,407

• 6b · Less rental expenses

  real property $503,065 · personal property $4,717

• 6c · Rental income or loss

  real property $225,088 · personal property $61,690

• 6d · Net rental income or loss

  total $286,778 · unrelated business -$105,319 · excluded $392,097

• 7a · Gross sales of assets other than inventory

  other assets $33,265,031

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

  other assets $21,428,182

• 7c · Gain or loss

  other assets $11,836,849

• 7d · Net gain or loss

  total $11,836,849 · excluded $11,836,849

• 10a · Gross sales of inventory

  $14,959,355

• 10b · Cost of goods sold

  $8,340,433

• 10c · Net income from sales of inventory

  total $6,618,922 · related or exempt $6,618,922

• 11a · Other revenue: Miscellaneous Revenue

  total $16,155 · excluded $16,155

• 11e · Other revenue, total

  $16,155

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $37,322 · program services $37,322

• 5 · Compensation of officers, directors and key employees

  total $461,295 · program services $136,792 · management and general $324,503

• 7 · Other salaries and wages

  total $3,073,462 · program services $2,079,966 · management and general $993,496

• 8 · Pension plan contributions

  total $49,085 · program services $31,280 · management and general $17,805

• 9 · Other employee benefits

  total $266,450 · program services $176,630 · management and general $89,820

• 10 · Payroll taxes

  total $278,655 · program services $178,918 · management and general $99,737

• 11b · Fees: legal

  total $172,483 · management and general $172,483

• 11c · Fees: accounting

  total $58,151 · management and general $58,151

• 11g · Fees: other

  total $582,855 · program services $442,108 · management and general $140,747

• 12 · Advertising and promotion

  total $207,980 · management and general $207,980

• 13 · Office expenses

  total $210,372 · program services $120,674 · management and general $89,698

• 14 · Information technology

  total $309,616 · program services $107,187 · management and general $202,429

• 16 · Occupancy

  total $443,885 · program services $387,840 · management and general $56,045

• 17 · Travel

  total $157,817 · program services $142,927 · management and general $14,890

• 19 · Conferences, conventions and meetings

  total $26,659 · program services $23,936 · management and general $2,723

• 20 · Interest

  total $363 · management and general $363

• 22 · Depreciation, depletion and amortization

  total $1,045,820 · program services $823,654 · management and general $222,166

• 23 · Insurance

  total $161,383 · program services $124,954 · management and general $36,429

• 24a · Other expenses: Freight

  total $177,502 · program services $159,628 · management and general $17,874

• 24b · Other expenses: Inventory Obsolescence

  total $101,152 · program services $101,152

• 24c · Other expenses: Supplies

  total $81,282 · program services $71,066 · management and general $10,216

• 24d · Other expenses: Training

  total $48,878 · program services $36,866 · management and general $12,012

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $789,008 · end of year $836,577

• 2 · Savings and temporary cash investments

  beginning of year $4,177,307 · end of year $30,272,939

• 4 · Accounts receivable

  beginning of year $445,707 · end of year $652,265

• 7 · Other notes and loans receivable

  end of year $7,200,000

• 8 · Inventories for sale or use

  beginning of year $2,201,054 · end of year $3,147,030

• 9 · Prepaid expenses and deferred charges

  beginning of year $100,805 · end of year $188,072

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

  $2,182,696

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

  $1,899,589

• 10c · Land, buildings and equipment, net

  beginning of year $22,715,478 · end of year $283,107

• 11 · Investments: publicly traded securities

  beginning of year $4,787,866 · end of year $5,093,399

• 13 · Investments: program-related

  beginning of year $424,559 · end of year $0

• 14 · Intangible assets

  end of year $36,029

• 17 · Accounts payable and accrued expenses

  beginning of year $1,701,583 · end of year $2,036,700

• 19 · Deferred revenue

  beginning of year $28,622 · end of year $14,754

• 27 · Net assets without donor restrictions

  beginning of year $33,911,579 · end of year $45,657,964

• 28 · Net assets with donor restrictions

  end of year $0

The filer's explanations (Part III)

Part I, Line 1a

First Class Air Travel: The Executive Director is 6'5" tall and may occasionally fly first class if there is no Comfort Plus available as regular seats don't allow him enough leg room. This occasionally occurs if a situation arises that requires travel arrangements on short notice as has happened a couple of times during the past year. Companion Travel: The spouse of the Executive Director occasionally travels with the Executive Director on certain business trips, the cost of which is borne by the Organization as deemed appropriate by the Organization. These costs are documented as taxable fringe benefits and are reported as wages on the Executive Director's Form W-2. Gross-up payments: The Organization grosses up taxable fringe benefits and company paid disability insurance premiums for all employees. All are reported as wages on W-2. These benefits are documented and approved during annual compensation reviews.

Disregarded entities

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

• Star Center LLC

  Hold assets of The Star Center sports complex · SC · income $3,211,020 · assets $0

  Directly controlled by Upward Unlimited

• Upward Sports LLC

  Facilitate certain transactions for Upward Unlimited · SC · income $0 · assets $0

  Directly controlled by Upward Unlimited

Related corporations and trusts

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

• Upward Enterprises Inc

  C · Promote Upward Unlimited · SC · 100% owned · controlled entity

  Directly controlled by Upward Unlimited