Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: RENEWAL CERTIFICATION FEES

  total $10,601,604 · related or exempt $10,601,604

• 2b · Program service revenue: EXAMINATION FEES

  total $5,279,848 · related or exempt $5,279,848

• 2c · Program service revenue: TRAINING CURRICULUM FEES

  total $2,756,215 · related or exempt $2,756,215

• 2d · Program service revenue: APPLICATION FEES

  total $2,050,998 · related or exempt $2,050,998

• 3 · Investment income

  total $1,508,201 · excluded $1,508,201

• 7a · Gross sales of assets other than inventory

  securities $1,295,369

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

  securities $1,072,013

• 7c · Gain or loss

  securities $223,356

• 7d · Net gain or loss

  total $223,356 · excluded $223,356

• 11a · Other revenue: OTHER REVENUE

  total $60,839 · related or exempt $60,839

• 11e · Other revenue, total

  $60,839

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $288,718

• 5 · Compensation of officers, directors and key employees

  total $2,376,420

• 7 · Other salaries and wages

  total $5,272,767

• 8 · Pension plan contributions

  total $446,788

• 9 · Other employee benefits

  total $1,262,670

• 10 · Payroll taxes

  total $542,720

• 11b · Fees: legal

  total $98,387

• 11c · Fees: accounting

  total $65,870

• 11f · Fees: investment management

  total $151,064

• 11g · Fees: other

  total $283,311

• 12 · Advertising and promotion

  total $1,532,433

• 13 · Office expenses

  total $135,831

• 16 · Occupancy

  total $96,520

• 17 · Travel

  total $455,367

• 22 · Depreciation, depletion and amortization

  total $970,808

• 23 · Insurance

  total $331,466

• 24a · Other expenses: EXAMINATION EXPENSE

  total $1,401,566

• 24b · Other expenses: EQUIPMENT REPAIR AND MA

  total $1,026,202

• 24c · Other expenses: BANK & CREDIT CARD PROC

  total $616,026

• 24d · Other expenses: DUES/SUBSCRIPTIONS

  total $84,567

• 24e · All other expenses

  total $209,371

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,839,353 · end of year $9,132,528

• 2 · Savings and temporary cash investments

  beginning of year $2,750,000 · end of year $5,749,963

• 4 · Accounts receivable

  beginning of year $328,335 · end of year $235,104

• 9 · Prepaid expenses and deferred charges

  beginning of year $440,361 · end of year $505,298

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

  $7,717,123

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

  $2,685,621

• 10c · Land, buildings and equipment, net

  beginning of year $5,162,346 · end of year $5,031,502

• 11 · Investments: publicly traded securities

  beginning of year $23,422,690 · end of year $28,303,740

• 15 · Other assets

  beginning of year $1,246,802 · end of year $998,574

• 17 · Accounts payable and accrued expenses

  beginning of year $1,293,553 · end of year $1,659,098

• 25 · Other liabilities

  beginning of year $9,397,833 · end of year $9,835,246

• 27 · Net assets without donor restrictions

  beginning of year $31,498,501 · end of year $38,462,365

The filer's explanations (Part III)

PART I, LINE 1B

BUSINESS CLASS OR FIRST CLASS TRAVEL IS REIMBURSABLE FOR EMPLOYEES TRAVELING ON BCSP BUSINESS IF THE LENGTH OF ANY ONE LEG OF THE FLIGHT EXCEEDS 5 HOURS. ALL OTHER TRAVEL MUST BE AT THE ECONOMY CLASS LEVEL. THE OTHER ITEMS WERE PAID IN ACCORDANCE WITH INDIVIDUAL EMPLOYMENT AGREEMENTS AND CONTRACTS MADE WHEN HIRING THE EMPLOYEE. THE CLUB DUES ARE FOR AIRLINE CLUBS FOR THOSE INDIVIDUALS HIRED FOR POSITIONS THAT REQUIRE FREQUENT TRAVEL. THIS IS PAID WITH THE CORPORATE AMERICAN EXPRESS CARD.

PART I, LINE 4B

THE CEO IS THE PARTICIPANT IN THE ORGANIZATION'S NON-QUALIFIED SUPPLEMENTAL RETIREMENT PLAN.