Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,320,766

• 3 · Investment income

  total $26 · excluded $26

• 6a · Gross rents

  real property $4,880

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $4,880

• 6d · Net rental income or loss

  total $4,880 · excluded $4,880

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $355,377 · program services $191,239 · management and general $85,539 · fundraising $78,599

• 7 · Other salaries and wages

  total $328,707 · program services $181,448 · management and general $73,447 · fundraising $73,812

• 8 · Pension plan contributions

  total $10,789 · program services $5,448 · management and general $2,595 · fundraising $2,746

• 9 · Other employee benefits

  total $53,945 · program services $27,780 · management and general $15,075 · fundraising $11,090

• 10 · Payroll taxes

  total $54,076 · program services $28,423 · management and general $13,261 · fundraising $12,392

• 11b · Fees: legal

  total $3,204 · program services $3,204

• 11c · Fees: accounting

  total $29,729 · management and general $29,729

• 11d · Fees: lobbying

  total $2,500 · program services $2,500

• 11e · Fees: professional fundraising services

  total $1,746 · fundraising $1,746

• 11g · Fees: other

  total $2,625 · program services $2,625

• 12 · Advertising and promotion

  total $718 · management and general $718

• 13 · Office expenses

  total $19,524 · program services $174 · management and general $14,779 · fundraising $4,571

• 14 · Information technology

  total $84,370 · program services $66 · management and general $82,140 · fundraising $2,164

• 16 · Occupancy

  total $17,002 · management and general $17,002

• 17 · Travel

  total $8,607 · program services $3,680 · fundraising $4,927

• 19 · Conferences, conventions and meetings

  total $2,210 · program services $612 · management and general $1,312 · fundraising $286

• 20 · Interest

  total $10,448 · management and general $10,448

• 22 · Depreciation, depletion and amortization

  total $23,990 · management and general $23,990

• 23 · Insurance

  total $11,689 · management and general $11,689

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $8,804 · program services $339 · management and general $7,024 · fundraising $1,441

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,786 · end of year $1,596

• 4 · Accounts receivable

  beginning of year $4,659 · end of year $14,067

• 9 · Prepaid expenses and deferred charges

  end of year $2,057

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

  $907,897

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

  $273,077

• 10c · Land, buildings and equipment, net

  beginning of year $658,810 · end of year $634,820

• 15 · Other assets

  beginning of year $83,063 · end of year $432,043

• 17 · Accounts payable and accrued expenses

  beginning of year $55,636 · end of year $96,166

• 23 · Secured mortgages and notes payable

  beginning of year $344,037 · end of year $336,161

• 27 · Net assets without donor restrictions

  beginning of year $194,683 · end of year $604,115

• 28 · Net assets with donor restrictions

  beginning of year $161,962 · end of year $48,141

The filer's explanations (Part III)

PART I, LINE 3

THE ORGANIZATION'S OFFICERS ARE PAID BY MARIJUANA POLICY PROJECT, A RELATED ORGANIZATION. THE BOARD OF DIRECTORS APPROVES THE EXECUTIVE DIRECTORS COMPENSATION WHEN THEY APPROVE THE BUDGET EACH YEAR. THE OTHER OFFICER'S SALARIES ARE APPROVED BY THE EXECUTIVE DIRECTOR EACH YEAR.