Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $29,915,685

• 1g · Noncash contributions included above

  $25,164,959

• 3 · Investment income

  total $4,309,441 · excluded $4,309,441

• 6a · Gross rents

  real property $17,400

• 6b · Less rental expenses

  real property $63,336

• 6c · Rental income or loss

  real property -$45,936

• 6d · Net rental income or loss

  total -$45,936 · excluded -$45,936

• 7a · Gross sales of assets other than inventory

  securities $55,528,421

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

  securities $52,233,434

• 7c · Gain or loss

  securities $3,294,987

• 7d · Net gain or loss

  total $3,294,987 · related or exempt $3,294,987

• 11a · Other revenue: ADMINISTRATIVE SERVICES

  total $57,496 · related or exempt $57,496

• 11e · Other revenue, total

  $57,496

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $8,951,929 · program services $8,951,929

• 2 · Grants to domestic individuals

  total $1,795,574 · program services $1,795,574

• 3 · Grants to foreign organizations and individuals

  total $900 · program services $900

• 7 · Other salaries and wages

  total $689,291 · program services $3,500 · management and general $514,343 · fundraising $171,448

• 8 · Pension plan contributions

  total $42,419 · management and general $31,814 · fundraising $10,605

• 9 · Other employee benefits

  total $74,962 · management and general $56,222 · fundraising $18,740

• 10 · Payroll taxes

  total $47,143 · program services $64 · management and general $35,309 · fundraising $11,770

• 11c · Fees: accounting

  total $29,195 · management and general $29,195

• 11f · Fees: investment management

  total $410,825 · management and general $410,825

• 11g · Fees: other

  total $168,176 · management and general $168,176

• 12 · Advertising and promotion

  total $9,390 · management and general $4,695 · fundraising $4,695

• 13 · Office expenses

  total $24,221 · management and general $21,799 · fundraising $2,422

• 14 · Information technology

  total $80,064 · management and general $80,064

• 16 · Occupancy

  total $63,337 · management and general $63,337

• 17 · Travel

  total $1,601 · management and general $801 · fundraising $800

• 19 · Conferences, conventions and meetings

  total $43,475 · management and general $39,030 · fundraising $4,445

• 22 · Depreciation, depletion and amortization

  total $499 · management and general $499

• 23 · Insurance

  total $13,631 · management and general $13,631

• 24a · Other expenses: FUND EXPENSES

  total $1,739,540 · program services $1,739,540

• 24b · Other expenses: MEMBERSHIP, SUBSCRIPTIO

  total $28,702 · management and general $21,527 · fundraising $7,175

• 24c · Other expenses: OTHER EXPENSES

  total $19,044 · program services $7,643 · management and general $11,401

• 24d · Other expenses: EQUIPMENT RENTAL

  total $4,918 · management and general $4,918

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $15,128 · end of year $12,188

• 2 · Savings and temporary cash investments

  beginning of year $1,265,874 · end of year $2,100,159

• 9 · Prepaid expenses and deferred charges

  beginning of year $105,186 · end of year $4,350

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

  $2,242,116

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

  $710,040

• 10c · Land, buildings and equipment, net

  beginning of year $1,569,283 · end of year $1,532,076

• 11 · Investments: publicly traded securities

  beginning of year $133,193,052 · end of year $170,414,371

• 15 · Other assets

  beginning of year $1,150,537 · end of year $1,087,927

• 17 · Accounts payable and accrued expenses

  beginning of year $326,326 · end of year $210,518

• 18 · Grants payable

  beginning of year $3,369,687 · end of year $6,205,904

• 25 · Other liabilities

  beginning of year $8,804,866 · end of year $11,198,529

• 27 · Net assets without donor restrictions

  beginning of year $20,577,802 · end of year $22,404,236

• 28 · Net assets with donor restrictions

  beginning of year $104,220,379 · end of year $135,131,884

The filer's explanations (Part III)

PART I, LINE 1B

THE FOUNDATION PAYS FOR THE COUNTRY CLUB AND ROTARY DUES OF THE FOUNDATION'S PRESIDENT. AMONG HIS LIST OF RESPONSIBILITIES IS TO PROMOTE THE FOUNDATION AND WORK TO SOLICIT CHARITABLE CONRIBUTIONS FOR THE FOUNDATION. THE COUNTRY CLUB AND ROTARY MEMBERSHIPS ARE CONSIDERED AN EFFECTIVE WAY TO ASSIST IN THE ACCOMPLISHMENT OF THESE OBJECTIVES.