Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $9,693,408

• 1g · Noncash contributions included above

  $11,171

• 2a · Program service revenue: Room and Board/Food Re

  total $60,708 · related or exempt $60,708

• 2b · Program service revenue: Seminars and Conferenc

  total $32,634 · related or exempt $32,634

• 3 · Investment income

  total $158,924 · excluded $158,924

• 5 · Royalties

  total $46,315 · excluded $46,315

• 7a · Gross sales of assets other than inventory

  securities $62,083

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

  securities $63,554

• 7c · Gain or loss

  securities -$1,471

• 7d · Net gain or loss

  total -$1,471 · related or exempt -$1,471

• 11a · Other revenue: National Prayer Breakf

  total $422,017 · related or exempt $422,017

• 11b · Other revenue: Misc.

  total $12,339 · related or exempt $12,339

• 11e · Other revenue, total

  $434,356

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $206,250 · program services $206,250

• 2 · Grants to domestic individuals

  total $50,495 · program services $50,495

• 3 · Grants to foreign organizations and individuals

  total $2,601,685 · program services $2,601,685

• 7 · Other salaries and wages

  total $3,288,953 · program services $3,169,438 · management and general $119,515

• 9 · Other employee benefits

  total $132,942 · program services $132,942

• 10 · Payroll taxes

  total $145,689 · program services $145,689

• 11c · Fees: accounting

  total $809,454 · management and general $809,454

• 11g · Fees: other

  total $196,495 · program services $107,659 · management and general $88,836

• 13 · Office expenses

  total $61,270 · program services $50,918 · management and general $10,352

• 14 · Information technology

  total $58,183 · program services $29,618 · management and general $28,565

• 16 · Occupancy

  total $330,453 · program services $316,065 · management and general $14,388

• 17 · Travel

  total $541,115 · program services $529,573 · management and general $11,542

• 19 · Conferences, conventions and meetings

  total $836,368 · program services $833,939 · management and general $2,429

• 22 · Depreciation, depletion and amortization

  total $90,009 · program services $89,065 · management and general $944

• 23 · Insurance

  total $67,505 · program services $43,328 · management and general $24,177

• 24a · Other expenses: Equipment

  total $122,206 · program services $101,431 · management and general $20,775

• 24b · Other expenses: Entertainment

  total $101,457 · program services $100,871 · management and general $586

• 24c · Other expenses: Bank Charges

  total $78,995 · program services $65,566 · management and general $13,429

• 24d · Other expenses: Miscellaneous

  total $61,702 · program services $49,602 · management and general $12,100

• 24e · All other expenses

  total -$22,423 · program services -$27,358 · management and general $4,935

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,977,638 · end of year $2,049,563

• 2 · Savings and temporary cash investments

  beginning of year $3,236,957 · end of year $3,321,311

• 4 · Accounts receivable

  beginning of year $31,841 · end of year $49,116

• 9 · Prepaid expenses and deferred charges

  beginning of year $84,579 · end of year $6,588

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

  $7,005,527

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

  $4,393,509

• 10c · Land, buildings and equipment, net

  beginning of year $2,267,580 · end of year $2,612,018

• 15 · Other assets

  beginning of year $4,405 · end of year $2,405

• 17 · Accounts payable and accrued expenses

  beginning of year $1,436,618 · end of year $182,700

• 19 · Deferred revenue

  beginning of year $162,595 · end of year $192,757

• 27 · Net assets without donor restrictions

  beginning of year $7,003,787 · end of year $130,891

• 28 · Net assets with donor restrictions

  end of year $7,534,653

The filer's explanations (Part III)

Part I, Line 1a

THE ORGANIZATION PROVIDES A HOUSING ALLOWANCE FOR CHUCK MCLEOD AND DARRELL C. WARNER. THIS AMOUNT IS CONSIDERED TO BE NONTAXABLE AS INCOME TO THE EMPLOYEES.

Part I, Line 1b

EMPLOYEES' FAMILY MEMBER'S TRAVEL EXPENSES MAY BE REIMBURSED IF THERE IS A BONA FIDE BUSINESS PURPOSE FOR THEIR TRAVEL. THE EMPLOYEE IS REQUIRED TO SUBMIT A WRITTEN TRAVEL BUDGET IN ADVANCE OF TRAVEL ALONG WITH PROPER DOCUMENTATION SUBSTANTIATING TRAVEL EXPENSES.

Part I, Line 3

THE FOUNDATION'S TOP MANAGEMENT OFFICIAL IS THE BOARD PRESIDENT, WHO SERVES IN A VOLUNTEER CAPACITY. THE FOUNDATION DOES NOT HAVE A CEO OR EXECUTIVE DIRECTOR.