Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $140,480

• 1f · All other contributions, gifts and grants

  $54,685,960

• 1g · Noncash contributions included above

  $52,731,047

• 2a · Program service revenue: REHABILITATION REVENUE

  total $19,840,505 · related or exempt $19,840,505

• 2b · Program service revenue: TECHNOLOGY SERVICES

  total $9,766,168 · related or exempt $9,618,946 · unrelated business $147,222

• 2c · Program service revenue: CONTRACT SERVICES

  total $1,543,831 · related or exempt $1,543,831

• 3 · Investment income

  total $1,169,780 · excluded $1,169,780

• 6a · Gross rents

  real property $52,145

• 6b · Less rental expenses

  real property $110,471

• 6c · Rental income or loss

  real property -$58,326

• 6d · Net rental income or loss

  total -$58,326 · excluded -$58,326

• 7a · Gross sales of assets other than inventory

  securities $45,853,370 · other assets $7,500

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

  securities $47,597,360 · other assets $0

• 7c · Gain or loss

  securities -$1,743,990 · other assets $7,500

• 7d · Net gain or loss

  total -$1,736,490 · excluded -$1,736,490

• 8a · Fundraising events: gross income

  $196,127

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

  $140,480

• 8b · Fundraising events: direct expenses

  $122,016

• 8c · Net income from fundraising events

  total $74,111 · excluded $74,111

• 10a · Gross sales of inventory

  $73,747,910

• 10b · Cost of goods sold

  $56,023,451

• 10c · Net income from sales of inventory

  total $17,724,459 · related or exempt $17,724,459

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $20,000 · program services $20,000

• 2 · Grants to domestic individuals

  total $138,643 · program services $138,643

• 5 · Compensation of officers, directors and key employees

  total $2,843,938 · program services $1,657,856 · management and general $1,049,407 · fundraising $136,675

• 7 · Other salaries and wages

  total $48,147,477 · program services $43,927,964 · management and general $3,722,943 · fundraising $496,570

• 8 · Pension plan contributions

  total $570,976 · program services $422,584 · management and general $139,916 · fundraising $8,476

• 9 · Other employee benefits

  total $3,864,459 · program services $3,498,396 · management and general $338,153 · fundraising $27,910

• 10 · Payroll taxes

  total $5,236,108 · program services $4,785,187 · management and general $407,902 · fundraising $43,019

• 11b · Fees: legal

  total $259,271 · program services $206,791 · management and general $52,449 · fundraising $31

• 11c · Fees: accounting

  total $126,216 · management and general $126,216

• 11d · Fees: lobbying

  total $20,120 · management and general $20,120

• 11e · Fees: professional fundraising services

  total $52,800 · fundraising $52,800

• 11f · Fees: investment management

  total $101,872 · management and general $101,872

• 11g · Fees: other

  total $9,560,437 · program services $8,962,375 · management and general $582,849 · fundraising $15,213

• 12 · Advertising and promotion

  total $933,895 · program services $920,887 · management and general $7,738 · fundraising $5,270

• 13 · Office expenses

  total $1,993,624 · program services $1,941,483 · management and general $48,025 · fundraising $4,116

• 14 · Information technology

  total $2,383,212 · program services $1,506,457 · management and general $864,954 · fundraising $11,801

• 16 · Occupancy

  total $14,354,946 · program services $14,136,721 · management and general $209,910 · fundraising $8,315

• 17 · Travel

  total $1,152,885 · program services $1,116,906 · management and general $32,498 · fundraising $3,481

• 19 · Conferences, conventions and meetings

  total $401,273 · program services $170,601 · management and general $110,694 · fundraising $119,978

• 20 · Interest

  total $80,000 · program services $159 · management and general $79,841

• 22 · Depreciation, depletion and amortization

  total $3,345,520 · program services $3,161,523 · management and general $179,776 · fundraising $4,221

• 23 · Insurance

  total $1,201,130 · program services $1,117,777 · management and general $80,554 · fundraising $2,799

• 24a · Other expenses: POSTAGE & SHIPPING

  total $1,895,266 · program services $1,865,704 · management and general $28,084 · fundraising $1,478

• 24b · Other expenses: TELEPHONE

  total $429,064 · program services $367,288 · management and general $57,303 · fundraising $4,473

• 24c · Other expenses: PRINTING & PUBLICATIONS

  total $171,320 · program services $106,136 · management and general $29,993 · fundraising $35,191

• 24d · Other expenses: BAD DEBT

  total $49,221 · program services $49,221

• 24e · All other expenses

  total $1,329,329 · program services $1,300,968 · management and general $12,159 · fundraising $16,202

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $68,347 · end of year $65,993

• 2 · Savings and temporary cash investments

  beginning of year $23,389,128 · end of year $18,096,628

• 3 · Pledges and grants receivable

  beginning of year $324,915 · end of year $228,272

• 4 · Accounts receivable

  beginning of year $5,034,679 · end of year $6,067,132

• 8 · Inventories for sale or use

  beginning of year $1,948,060 · end of year $2,193,808

• 9 · Prepaid expenses and deferred charges

  beginning of year $989,655 · end of year $1,134,730

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

  $43,656,810

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

  $26,944,482

• 10c · Land, buildings and equipment, net

  beginning of year $15,860,442 · end of year $16,712,328

• 11 · Investments: publicly traded securities

  beginning of year $31,930,503 · end of year $32,532,864

• 15 · Other assets

  beginning of year $32,665,820 · end of year $37,350,639

• 17 · Accounts payable and accrued expenses

  beginning of year $19,339,147 · end of year $17,915,826

• 19 · Deferred revenue

  beginning of year $100,100 · end of year $452,778

• 20 · Tax-exempt bond liabilities

  beginning of year $2,891,640 · end of year $2,474,007

• 25 · Other liabilities

  beginning of year $35,865,059 · end of year $40,837,400

• 27 · Net assets without donor restrictions

  beginning of year $53,536,290 · end of year $52,341,799

• 28 · Net assets with donor restrictions

  beginning of year $479,313 · end of year $360,584

The filer's explanations (Part III)

PART I, LINE 8

PRESIDENT AND CEO NICOLE SUYDAM ENTERED INTO A NO SPECIFIED TERM, AT WILL, EMPLOYMENT AGREEMENT WITH GIOC, EFFECTIVE OCTOBER 15, 2018, WHICH WAS MORE THAN SIX YEARS AFTER RESIGNING IN 2012 AS GIOC'S VICE-PRESIDENT OF DEVELOPMENT. MS. SUYDAM'S ANNUAL BASE SALARY THROUGH 2019 WAS SET AT $380,000, AND SHE RECEIVED A $20,000 START BONUS ON THE FIRST REGULAR PAYDAY IN 2019, WHICH WAS CONTINGENT UPON HER BEING EMPLOYED BY GIOC THROUGH THE DATE THAT THE START BONUS WAS PAID. MS. SUYDAM IS ELIGIBLE TO PARTICIPATE IN GIOC'S HEALTH BENEFITS PLANS, AND IS ENTITLED TO ALL CUSTOMARY AND USUAL FRINGE BENEFITS, INCLUDING PARTICIPATION IN THE GIOC 403(B) RETIREMENT PLAN AND OTHER PROGRAMS GENERALLY AVAILABLE TO EXECUTIVES OF GIOC. MS. SUYDAM WILL ACCRUE 20 DAYS (4 WEEKS) OF PAID VACATION PER YEAR. IN 2019, MS. SUYDAM IS ELIGIBLE TO PARTICIPATE IN THE GIOC MANAGEMENT INCENTIVE COMPENSATION PLAN.