Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $3,351,595

• 1f · All other contributions, gifts and grants

  $238,211

• 2a · Program service revenue: MEDICARE/MEDICAID PAYMENTS

  total $37,899,830 · related or exempt $37,899,830

• 2b · Program service revenue: OTHER PROGRAM SERVICES

  total $589,558 · related or exempt $589,558

• 3 · Investment income

  total $143,419 · excluded $143,419

• 11a · Other revenue: REBATE REVENUE

  total $378,325 · related or exempt $378,325

• 11b · Other revenue: MISCELLANEOUS

  total $182,855 · related or exempt $182,855

• 11e · Other revenue, total

  $561,180

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $885,997 · management and general $885,997

• 7 · Other salaries and wages

  total $10,139,537 · program services $7,297,789 · management and general $2,841,748

• 8 · Pension plan contributions

  total $117,810 · program services $87,414 · management and general $30,396

• 9 · Other employee benefits

  total $1,365,299 · program services $1,013,039 · management and general $352,260

• 10 · Payroll taxes

  total $902,028 · program services $669,296 · management and general $232,732

• 11b · Fees: legal

  total $54,144 · program services $41,897 · management and general $12,247

• 11c · Fees: accounting

  total $45,662 · program services $35,333 · management and general $10,329

• 11g · Fees: other

  total $23,568,760 · program services $23,441,642 · management and general $127,118

• 12 · Advertising and promotion

  total $30,723 · management and general $30,723

• 13 · Office expenses

  total $556,579 · program services $210,086 · management and general $346,493

• 14 · Information technology

  total $607,759 · program services $573,431 · management and general $34,328

• 16 · Occupancy

  total $1,122,786 · program services $928,379 · management and general $194,407

• 17 · Travel

  total $13,889 · management and general $13,889

• 19 · Conferences, conventions and meetings

  total $26,293 · management and general $26,293

• 20 · Interest

  total $190,728 · program services $153,840 · management and general $36,888

• 22 · Depreciation, depletion and amortization

  total $862,257 · program services $713,253 · management and general $149,004

• 23 · Insurance

  total $726,817 · program services $543,828 · management and general $182,989

• 24a · Other expenses: SUPPLIES

  total $608,852 · program services $555,562 · management and general $53,290

• 24b · Other expenses: MARKETING

  total $187,581 · management and general $187,581

• 24c · Other expenses: SPECIAL EVENT EXP

  total $300 · management and general $300

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,374,453 · end of year $8,299,466

• 3 · Pledges and grants receivable

  beginning of year $53,839 · end of year $1,531,034

• 4 · Accounts receivable

  beginning of year $423,856 · end of year $491,137

• 9 · Prepaid expenses and deferred charges

  beginning of year $509,058 · end of year $650,797

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

  $15,537,143

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

  $3,082,406

• 10c · Land, buildings and equipment, net

  beginning of year $11,219,493 · end of year $12,454,737

• 14 · Intangible assets

  beginning of year $210,000 · end of year $140,000

• 15 · Other assets

  beginning of year $204,706 · end of year $28,670

• 17 · Accounts payable and accrued expenses

  beginning of year $5,059,933 · end of year $5,466,569

• 19 · Deferred revenue

  beginning of year $4,995,919 · end of year $5,130,118

• 21 · Escrow or custodial account liability

  beginning of year $80,792 · end of year $90,506

• 23 · Secured mortgages and notes payable

  beginning of year $5,907,943 · end of year $6,937,983

• 25 · Other liabilities

  beginning of year $0 · end of year $249,855

• 27 · Net assets without donor restrictions

  beginning of year $4,676,979 · end of year $5,452,965

• 28 · Net assets with donor restrictions

  beginning of year $273,839 · end of year $267,845

The filer's explanations (Part III)

PART I, LINE 3

A COMPENSATION COMMITTEE OF THE BOARD OF DIRECTORS OF PACE ORGANIZATION OF RHODE ISLAND DETERMINED THE COMPENSATION OF THE CEO AND THE BOARD OF DIRECTORS APPROVED THE COMPENSATION OF THE CEO.