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← SOUTH ATLANTA ILA EMPLOYERS DISTRICT ESCROW FUND

Form 990 for tax year 2022

Filed by SOUTH ATLANTA ILA EMPLOYERS DISTRICT ESCROW FUND.

Totals

Total revenue
$38,718,307
Total expenses
$38,718,307
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,977,733
Investment income
$191,657
Other revenue
$13,548,917
Total assets, end of year
$37,927,882
Total liabilities, end of year
$37,427,882
Net assets or fund balances, end of year
$500,000
Program services expenses (Part IX)
$37,863,363
Management and general expenses
$854,944
Fundraising expenses
$0
Program service expenses (Part III)
$37,863,363

Program services were 97.8% 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.

  • 2a · Program service revenue: EMPLOYER CONTRIBUTIONS

    total $24,977,733 · related or exempt $24,977,733

  • 3 · Investment income

    total $191,657 · excluded $191,657

  • 6a · Gross rents

    real property $10,842

  • 6c · Rental income or loss

    real property $10,842

  • 6d · Net rental income or loss

    total $10,842 · excluded $10,842

  • 11a · Other revenue: CARRIERS ESCROW FUND

    total $7,535,968 · excluded $7,535,968

  • 11b · Other revenue: CCF FUND

    total $6,000,000 · excluded $6,000,000

  • 11c · Other revenue: INTEREST TONNAGE

    total $2,107 · related or exempt $2,107

  • 11e · Other revenue, total

    $13,538,075

Functional expenses

Part IX, the statement of functional expenses.

  • 4 · Benefits paid to or for members

    total $37,863,363 · program services $37,863,363

  • 7 · Other salaries and wages

    total $384,297 · management and general $384,297

  • 8 · Pension plan contributions

    total $98,374 · management and general $98,374

  • 10 · Payroll taxes

    total $29,137 · management and general $29,137

  • 11b · Fees: legal

    total $5,818 · management and general $5,818

  • 11c · Fees: accounting

    total $104,758 · management and general $104,758

  • 16 · Occupancy

    total $45,494 · management and general $45,494

  • 17 · Travel

    total $36 · management and general $36

  • 19 · Conferences, conventions and meetings

    total $33,275 · management and general $33,275

  • 22 · Depreciation, depletion and amortization

    total $1,054 · management and general $1,054

  • 24a · Other expenses: INSURANCE

    total $96,655 · management and general $96,655

  • 24b · Other expenses: BAD DEBT

    total $22,146 · management and general $22,146

  • 24c · Other expenses: TEMPORARY SERVICES

    total $11,307 · management and general $11,307

  • 24d · Other expenses: OFFICE SUPPLIES

    total $11,059 · management and general $11,059

  • 24e · All other expenses

    total $11,534 · management and general $11,534

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $14,554,781 · end of year $13,633,212

  • 4 · Accounts receivable

    beginning of year $24,697,072 · end of year $24,225,664

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

    $544,332

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

    $475,326

  • 10c · Land, buildings and equipment, net

    beginning of year $70,060 · end of year $69,006

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,338 · end of year $15,096

  • 25 · Other liabilities

    beginning of year $38,808,575 · end of year $37,412,786

  • 31 · Retained earnings, endowment or other funds

    beginning of year $500,000 · end of year $500,000

Mission and programs · 2022

Mission

SEE ATTACHED STATEMENT

  • LINE 24(B): TRANSFER TO VACATION & HOLIDAY FUND TO PAY VACATION AND HOLIDAY BENEFITS.

    Expenses $37,863,363

As filed on the 2022 return.

Listed in Part VII

  • Gregory Washington

    CO-CHAIRMAN

    Total calculated
    $0

  • Wj Bean III

    CO-CHARIMAN

    Total calculated
    $0

  • Charles Seaton

    TRUSTEE

    Total calculated
    $0

  • Michael L Clemmons

    ALT. TRUSTEE

    Total calculated
    $0

  • Ryan Mayer

    TRUSTEE

    Total calculated
    $0

  • Charles Brave Jr

    TRUSTEE

    Total calculated
    $0

  • Lance McLaughlin

    ALT. TRUSTEE

    Total calculated
    $0

  • Paul Mosley Sr

    TRUSTEE

    Total calculated
    $0

  • Derrick Miles

    TRUSTEE

    Total calculated
    $0

  • Warren Smith

    TRUSTEE

    Total calculated
    $0

  • James Gray

    TRUSTEE

    Total calculated
    $0

  • Greg Weston

    TRUSTEE

    Total calculated
    $0

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
22 July 2024
IRS schema version
2022v5.0
Source object
202402059349300420

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