Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $17,240

• 1f · All other contributions, gifts and grants

  $818,183

• 1g · Noncash contributions included above

  $4,750

• 2a · Program service revenue: Industrial Operations

  total $3,231,249 · related or exempt $3,231,249

• 2b · Program service revenue: Multi-State

  total $2,010,591 · related or exempt $2,010,591

• 2c · Program service revenue: Memphis Rehabilitation Services

  total $488,796 · related or exempt $488,796

• 2d · Program service revenue: Memphis Store Operations

  total $1,264 · related or exempt $1,264

• 3 · Investment income

  total $1,151,507 · excluded $1,151,507

• 6a · Gross rents

  real property $19,471

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $19,471

• 6d · Net rental income or loss

  total $19,471 · excluded $19,471

• 7a · Gross sales of assets other than inventory

  securities $28,795,358

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

  securities $30,185,270 · other assets $22,278

• 7c · Gain or loss

  securities -$1,389,912 · other assets -$22,278

• 7d · Net gain or loss

  total -$1,412,190 · excluded -$1,412,190

• 8a · Fundraising events: gross income

  $95,680

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

  $17,240

• 8b · Fundraising events: direct expenses

  $85,082

• 8c · Net income from fundraising events

  total $10,598 · excluded $10,598

• 11a · Other revenue: Employment Rewards

  total $2,852 · excluded $2,852

• 11b · Other revenue: Consumer Benefits & Misc

  total $1,540 · excluded $1,540

• 11e · Other revenue, total

  $4,392

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $489,707 · program services $292,693 · management and general $197,014

• 7 · Other salaries and wages

  total $3,365,899 · program services $2,667,720 · management and general $566,729 · fundraising $131,450

• 8 · Pension plan contributions

  total $80,743 · program services $63,028 · management and general $14,616 · fundraising $3,099

• 9 · Other employee benefits

  total $650,172 · program services $574,249 · management and general $56,784 · fundraising $19,139

• 10 · Payroll taxes

  total $296,165 · program services $230,132 · management and general $55,854 · fundraising $10,179

• 11b · Fees: legal

  total $8,247 · management and general $7,992 · fundraising $255

• 11c · Fees: accounting

  total $36,800 · management and general $36,800

• 11f · Fees: investment management

  total $80,021 · management and general $80,021

• 11g · Fees: other

  total $1,148,011 · program services $555,960 · management and general $407,823 · fundraising $184,228

• 12 · Advertising and promotion

  total $15,893 · program services $1,820 · management and general $6,299 · fundraising $7,774

• 13 · Office expenses

  total $31,530 · program services $28,555 · management and general $1,172 · fundraising $1,803

• 14 · Information technology

  total $19,214 · program services $10,845 · management and general $8,369

• 16 · Occupancy

  total $827,326 · program services $751,201 · management and general $56,228 · fundraising $19,897

• 17 · Travel

  total $64,368 · program services $50,833 · management and general $8,147 · fundraising $5,388

• 20 · Interest

  total $7,276 · program services $5,457 · management and general $1,819

• 22 · Depreciation, depletion and amortization

  total $341,317 · program services $278,947 · management and general $61,217 · fundraising $1,153

• 23 · Insurance

  total $103,781 · program services $88,518 · management and general $12,778 · fundraising $2,485

• 24a · Other expenses: Materials & Supplies

  total $1,310,906 · program services $1,294,091 · management and general $11,415 · fundraising $5,400

• 24b · Other expenses: Repair and Maintenance

  total $420,104 · program services $412,190 · management and general $4,590 · fundraising $3,324

• 24c · Other expenses: Other

  total $118,515 · program services $62,294 · management and general $40,844 · fundraising $15,377

• 24d · Other expenses: Recognition & Training

  total $27,721 · program services $19,162 · management and general $7,876 · fundraising $683

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,318,765 · end of year $2,414,456

• 3 · Pledges and grants receivable

  beginning of year $83,787 · end of year $105,846

• 4 · Accounts receivable

  beginning of year $543,242 · end of year $948,359

• 8 · Inventories for sale or use

  beginning of year $580,069 · end of year $625,465

• 9 · Prepaid expenses and deferred charges

  beginning of year $36,365 · end of year $39,713

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

  $11,778,580

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

  $9,849,224

• 10c · Land, buildings and equipment, net

  beginning of year $1,768,088 · end of year $1,929,356

• 11 · Investments: publicly traded securities

  beginning of year $23,479,104 · end of year $21,107,667

• 12 · Investments: other securities

  beginning of year $8,652,080 · end of year $7,252,448

• 15 · Other assets

  beginning of year $142,819 · end of year $1,070,483

• 17 · Accounts payable and accrued expenses

  beginning of year $641,545 · end of year $666,615

• 25 · Other liabilities

  beginning of year $0 · end of year $1,055,654

• 27 · Net assets without donor restrictions

  beginning of year $35,294,395 · end of year $33,151,782

• 28 · Net assets with donor restrictions

  beginning of year $668,379 · end of year $619,742

The filer's explanations (Part III)

Part I, Line 6

The CEO can earn a bonus of 15% of base salary for meeting or exceeding the approved budget and up to 10% of base salary for achieving goals and objectives for the fiscal year. The executive committee approved the CEO's bonus for FY 2021-2022. The amount of the budget bonus was $24,000 and the amount of the performance bonus was $12,000. Total bonus payment was $36,000 paid in 6/17/22.