Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,078,672

• 1f · All other contributions, gifts and grants

  $857,510

• 1g · Noncash contributions included above

  $5,760

• 2a · Program service revenue: ECONOMIC DEVELOPMENT

  total $291,406 · related or exempt $291,406

• 3 · Investment income

  total $105,025 · excluded $105,025

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

  other assets $3,462

• 7c · Gain or loss

  other assets -$3,462

• 7d · Net gain or loss

  total -$3,462 · excluded -$3,462

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $811 · related or exempt $811

• 11e · Other revenue, total

  $811

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $74,927 · program services $74,927

• 5 · Compensation of officers, directors and key employees

  total $891,501 · program services $699,949 · management and general $145,642 · fundraising $45,910

• 7 · Other salaries and wages

  total $797,350 · program services $630,397 · management and general $165,369 · fundraising $1,584

• 8 · Pension plan contributions

  total $41,961 · program services $26,209 · management and general $13,350 · fundraising $2,402

• 9 · Other employee benefits

  total $82,887 · program services $72,550 · management and general $10,195 · fundraising $142

• 10 · Payroll taxes

  total $120,413 · program services $94,628 · management and general $22,783 · fundraising $3,002

• 11b · Fees: legal

  total $9,146 · management and general $9,146

• 11c · Fees: accounting

  total $17,228 · management and general $17,228

• 11d · Fees: lobbying

  total $42,000 · management and general $42,000

• 11g · Fees: other

  total $187,366 · program services $163,318 · management and general $24,019 · fundraising $29

• 12 · Advertising and promotion

  total $370,602 · program services $370,602

• 13 · Office expenses

  total $56,921 · program services $9,220 · management and general $44,673 · fundraising $3,028

• 14 · Information technology

  total $75,306 · program services $47,761 · management and general $27,545

• 16 · Occupancy

  total $195,839 · program services $144,124 · management and general $51,715

• 17 · Travel

  total $32,001 · program services $24,671 · management and general $7,307 · fundraising $23

• 19 · Conferences, conventions and meetings

  total $21,691 · program services $20,192 · management and general $1,499

• 22 · Depreciation, depletion and amortization

  total $53,810 · program services $2,347 · management and general $51,463

• 23 · Insurance

  total $11,422 · management and general $11,422

• 24a · Other expenses: TRAINING AND EDUCATION

  total $15,241 · management and general $15,241

• 24b · Other expenses: PROF. MEMBERSHIPS/PERIO

  total $13,914 · program services $13,541 · management and general $373

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $212,749 · end of year $108,468

• 2 · Savings and temporary cash investments

  beginning of year $2,696,632 · end of year $2,944,717

• 4 · Accounts receivable

  beginning of year $385,325 · end of year $458,275

• 9 · Prepaid expenses and deferred charges

  beginning of year $50,472 · end of year $43,138

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

  $569,534

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

  $180,544

• 10c · Land, buildings and equipment, net

  beginning of year $323,383 · end of year $388,990

• 15 · Other assets

  beginning of year $2,340,941 · end of year $2,163,545

• 17 · Accounts payable and accrued expenses

  beginning of year $71,583 · end of year $123,068

• 25 · Other liabilities

  beginning of year $2,474,952 · end of year $2,302,662

• 27 · Net assets without donor restrictions

  beginning of year $3,460,688 · end of year $3,681,403

• 28 · Net assets with donor restrictions

  beginning of year $2,279 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE COMMITTEE SERVES AS COMPENSATION COMMITTEE.