Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $2,033,940

• 1f · All other contributions, gifts and grants

  $64,527,975

• 1g · Noncash contributions included above

  $3,443,387

• 3 · Investment income

  total $2,277,757 · excluded $2,277,757

• 5 · Royalties

  total $3,159 · excluded $3,159

• 8a · Fundraising events: gross income

  $96,600

• 8a · Fundraising events: contributions included on line 1c

  $2,033,940

• 8b · Fundraising events: direct expenses

  $922,008

• 8c · Net income from fundraising events

  total -$825,408 · excluded -$825,408

• 10a · Gross sales of inventory

  $29,055

• 10b · Cost of goods sold

  $24,739

• 10c · Net income from sales of inventory

  total $4,316 · related or exempt $4,316

• 11a · Other revenue: ADVERTISING

  total $358,575 · unrelated business $358,575

• 11b · Other revenue: REBATES

  total $298,524 · related or exempt $298,524

• 11e · Other revenue, total

  $657,099

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,734,056 · program services $1,285,956 · management and general $598,499 · fundraising $849,601

• 7 · Other salaries and wages

  total $12,538,601 · program services $7,927,882 · management and general $1,475,728 · fundraising $3,134,991

• 8 · Pension plan contributions

  total $378,149 · program services $223,861 · management and general $63,716 · fundraising $90,572

• 9 · Other employee benefits

  total $1,241,490 · program services $766,759 · management and general $218,238 · fundraising $256,493

• 10 · Payroll taxes

  total $986,608 · program services $606,488 · management and general $137,042 · fundraising $243,078

• 11b · Fees: legal

  total $56,963 · program services $28,481 · management and general $14,241 · fundraising $14,241

• 11c · Fees: accounting

  total $52,679 · program services $26,339 · management and general $13,170 · fundraising $13,170

• 11e · Fees: professional fundraising services

  total $876,907 · fundraising $876,907

• 11g · Fees: other

  total $1,422,024 · program services $734,838 · management and general $52,850 · fundraising $634,336

• 12 · Advertising and promotion

  total $21,874,477 · program services $19,878,172 · fundraising $1,996,305

• 13 · Office expenses

  total $1,426,797 · program services $540,330 · management and general $138,449 · fundraising $748,018

• 14 · Information technology

  total $4,026,812 · program services $3,336,469 · management and general $471,569 · fundraising $218,774

• 16 · Occupancy

  total $1,651,515 · program services $984,816 · management and general $248,110 · fundraising $418,589

• 17 · Travel

  total $531,798 · program services $198,832 · management and general $51,637 · fundraising $281,329

• 19 · Conferences, conventions and meetings

  total $544,043 · program services $253 · management and general $124,581 · fundraising $419,209

• 22 · Depreciation, depletion and amortization

  total $441,541 · program services $220,771 · management and general $110,385 · fundraising $110,385

• 23 · Insurance

  total $123,996 · program services $74,060 · management and general $17,963 · fundraising $31,973

• 24a · Other expenses: PRODUCTION (PROGRAM)

  total $3,967,566 · program services $3,967,566

• 24b · Other expenses: MISCELLANEOUS

  total $532,124 · program services $57,401 · management and general $101,600 · fundraising $373,123

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $15,792 · management and general $15,792

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $25,116,918 · end of year $7,579,384

• 2 · Savings and temporary cash investments

  beginning of year $1,025,741 · end of year $15,451,357

• 3 · Pledges and grants receivable

  beginning of year $3,792,979 · end of year $5,042,795

• 9 · Prepaid expenses and deferred charges

  beginning of year $731,175 · end of year $724,671

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

  $1,547,291

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

  $654,456

• 10c · Land, buildings and equipment, net

  beginning of year $370,469 · end of year $892,835

• 11 · Investments: publicly traded securities

  beginning of year $49,961,781 · end of year $68,078,945

• 15 · Other assets

  beginning of year $5,725,258 · end of year $4,253,247

• 17 · Accounts payable and accrued expenses

  beginning of year $2,886,852 · end of year $3,790,030

• 19 · Deferred revenue

  beginning of year $58,500 · end of year $55,000

• 25 · Other liabilities

  beginning of year $6,384,175 · end of year $5,115,125

• 27 · Net assets without donor restrictions

  beginning of year $72,500,230 · end of year $88,212,599

• 28 · Net assets with donor restrictions

  beginning of year $4,894,564 · end of year $4,850,480

The filer's explanations (Part III)

PART I, LINE 1A

FOUR C-LEVEL EMPLOYEES OCCASIONALLY UTILIZED FIRST CLASS TRAVEL FOR LENGHTY CROSS-COUNTRY OR RED-EYE FLIGHTS. THIS WAS NOT INCLUDED IN TAXABLE COMPENSATION FOR THESE EMPLOYEES.

PART I, LINE 5

THE CHIEF EXECUTIVE OFFICER BONUS IS BASED ON ANNUAL REVENUES AS APPROVED BY THE BOARD OF DIRECTORS AND VERIFIED ANNUALLY PER BOARD COMPENSATION COMMITTEE. BY 12/31 OF EACH YEAR, THE BONUS IS ESTIMATED AND ACCRUED AND RECONCILED IN FULL POST-AUDIT COMPLETION. THE EXECUTIVE/COMPENSATION COMMITTEE ALSO REVIEWS EACH YEAR'S BONUS BEFORE IT IS PAID OUT. THE CHIEF MARKETING OFFICER AND CHIEF FINANCIAL OFFICER HAVE A MINORITY PORTION OF THEIR YEAR-END BONUSES TIED TO ANNUAL REVENUES

PART I, LINE 6

THE BONUSES AWARDED TO THE REST OF THE STAFF (PRIMARILY YEAR-END) ARE DISCRETIONARY PERFORMANCE BONUSES AND CAREFULLY CONSIDERED BETWEEN INDIVIDUAL DEPARTMENT HEADS, CFO AND CEO. IN 2023, THE ORGANIZATION TRAILED AN ANNUAL DISCRETIONARY PERFORMANCE BONUS TO STAFF (NO OFFICERS INCLUDED) BASED UPON PRAGERU NET EARNINGS AND ONLY TO STAFF THAT HAD BEEN EMPLOYED OVER A YEAR, WHICH WAS A MINIMAL PIECE OF THEIR OVERALL ANUUAL COMPENSATION.