Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,953,075

• 2a · Program service revenue: INNOVATION CENTER

  total $2,261,987 · related or exempt $2,261,987

• 2b · Program service revenue: TECHNOLOGY CENTER

  total $215,795 · related or exempt $215,795

• 3 · Investment income

  total $261,946 · excluded $261,946

• 7a · Gross sales of assets other than inventory

  securities $21,299

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

  securities $20,107

• 7c · Gain or loss

  securities $1,192

• 7d · Net gain or loss

  total $1,192 · unrelated business $1,192

• 11a · Other revenue: OTHER INCOME

  total $56,853 · related or exempt $56,853

• 11e · Other revenue, total

  $56,853

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $218,750 · program services $218,750

• 5 · Compensation of officers, directors and key employees

  total $413,096 · program services $318,145 · management and general $82,619 · fundraising $12,332

• 7 · Other salaries and wages

  total $247,057 · program services $171,292 · management and general $75,765

• 9 · Other employee benefits

  total $166,019 · program services $123,086 · management and general $39,832 · fundraising $3,101

• 10 · Payroll taxes

  total $46,461 · program services $34,446 · management and general $11,147 · fundraising $868

• 11b · Fees: legal

  total $9,890 · management and general $9,890

• 11c · Fees: accounting

  total $13,500 · management and general $13,500

• 11f · Fees: investment management

  total $21,299 · management and general $21,299

• 11g · Fees: other

  total $30,789 · program services $702 · management and general $30,087

• 13 · Office expenses

  total $42,654 · program services $15,085 · management and general $27,569

• 14 · Information technology

  total $7,979 · program services $7,979

• 16 · Occupancy

  total $779,597 · program services $779,597

• 20 · Interest

  total $134,278 · management and general $134,278

• 22 · Depreciation, depletion and amortization

  total $641,432 · program services $641,432

• 23 · Insurance

  total $50,094 · program services $50,094

• 24a · Other expenses: MISC EXPENSES

  total $224,546 · program services $154,206 · management and general $70,340

• 24b · Other expenses: REPAIR & MAINTENANCE

  total $117,141 · program services $117,141

• 24c · Other expenses: BAD DEBT EXPENSES

  total $69,963 · management and general $69,963

• 24d · Other expenses: SAFETY

  total $63,962 · program services $63,962

• 24e · All other expenses

  total $114,889 · program services $113,624 · management and general $1,265

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $323,941 · end of year $960,276

• 2 · Savings and temporary cash investments

  beginning of year $3,194,073 · end of year $1,565,754

• 3 · Pledges and grants receivable

  beginning of year $125,000 · end of year $125,000

• 4 · Accounts receivable

  beginning of year $23,267 · end of year $68,900

• 9 · Prepaid expenses and deferred charges

  beginning of year $53,664 · end of year $38,205

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

  $15,298,899

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

  $2,869,553

• 10c · Land, buildings and equipment, net

  beginning of year $4,717,497 · end of year $12,429,346

• 11 · Investments: publicly traded securities

  beginning of year $10,075,646 · end of year $8,021,182

• 15 · Other assets

  beginning of year $0 · end of year $502,900

• 17 · Accounts payable and accrued expenses

  beginning of year $7,166 · end of year $32,077

• 19 · Deferred revenue

  beginning of year $70,992 · end of year $70,824

• 23 · Secured mortgages and notes payable

  end of year $5,616,541

• 25 · Other liabilities

  beginning of year $593,703 · end of year $1,101,184

• 27 · Net assets without donor restrictions

  beginning of year $17,841,227 · end of year $16,890,937

The filer's explanations (Part III)

PART I, LINE 5

THERE IS DISCRETIONARY BONUS RECOMMENDED AND APPROVED BY THE BOARD FOR THE PRESIDENT BASED ON THE ORGANIZATION'S OVERALL PERFORMANCE