Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,834,810

• 1f · All other contributions, gifts and grants

  $66,537

• 2a · Program service revenue: MWBC PROGRAM INCOME

  total $84,106 · related or exempt $84,106

• 3 · Investment income

  total $8,473 · excluded $8,473

• 11a · Other revenue: OTHER REVENUE

  total $142 · excluded $142

• 11e · Other revenue, total

  $142

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $415,180 · program services $415,180

• 5 · Compensation of officers, directors and key employees

  total $217,223 · program services $188,984 · management and general $28,239

• 7 · Other salaries and wages

  total $694,255 · program services $672,998 · management and general $21,257

• 8 · Pension plan contributions

  total $20,773 · program services $18,073 · management and general $2,700

• 9 · Other employee benefits

  total $83,169 · program services $79,645 · management and general $3,524

• 10 · Payroll taxes

  total $67,758 · program services $65,537 · management and general $2,221

• 11b · Fees: legal

  total $3,900 · program services $3,393 · management and general $507

• 11c · Fees: accounting

  total $101,693 · management and general $101,693

• 11g · Fees: other

  total $138,117 · program services $131,383 · management and general $6,734

• 12 · Advertising and promotion

  total $173,530 · program services $171,094 · management and general $2,436

• 13 · Office expenses

  total $85,217 · program services $57,983 · management and general $25,059 · fundraising $2,175

• 14 · Information technology

  total $2,749 · program services $2,392 · management and general $357

• 16 · Occupancy

  total $115,040 · program services $110,602 · management and general $4,438

• 17 · Travel

  total $15,808 · program services $14,800 · management and general $1,008

• 22 · Depreciation, depletion and amortization

  total $17,577 · program services $9,904 · management and general $7,673

• 23 · Insurance

  total $7,276 · program services $7,041 · management and general $235

• 24a · Other expenses: SEMINARS AND EDUCATION

  total $33,920 · program services $33,920

• 24b · Other expenses: BUSINESS RECRUITMENT

  total $13,677 · program services $13,677

• 24c · Other expenses: BUSINESS RETENTION

  total $5,145 · program services $5,145

• 24d · Other expenses: OTHER TAXES

  total $200 · management and general $200

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $251,363 · end of year $250,143

• 2 · Savings and temporary cash investments

  beginning of year $1,350,968 · end of year $1,035,018

• 3 · Pledges and grants receivable

  beginning of year $167,500 · end of year $169,900

• 4 · Accounts receivable

  beginning of year $112,711 · end of year $30,462

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,418 · end of year $9,448

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

  $71,555

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

  $69,356

• 10c · Land, buildings and equipment, net

  beginning of year $3,665 · end of year $2,199

• 14 · Intangible assets

  beginning of year $47,469 · end of year $38,463

• 15 · Other assets

  beginning of year $421,432 · end of year $347,296

• 17 · Accounts payable and accrued expenses

  beginning of year $190,389 · end of year $118,271

• 25 · Other liabilities

  beginning of year $819,213 · end of year $633,873

• 27 · Net assets without donor restrictions

  beginning of year $1,088,427 · end of year $930,288

• 28 · Net assets with donor restrictions

  beginning of year $260,497 · end of year $200,497

The filer's explanations (Part III)

PART I, LINE 3

ANNUAL ADJUSTMENTS ARE TYPICALLY BENCHMARKED AGAINST CITY OF ROCKVILLE SALARY ADJUSTMENTS, SUBJECT TO REVIEW AND APPROVAL BY THE FINANCE COMMITTEE.