Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 3 · Investment income

  total $3,788,380 · excluded $3,788,380

• 7a · Gross sales of assets other than inventory

  securities $79,040,898

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

  securities $48,832,876

• 7c · Gain or loss

  securities $30,208,022

• 7d · Net gain or loss

  total $30,208,022 · excluded $30,208,022

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $28,070,958 · program services $28,070,958

• 5 · Compensation of officers, directors and key employees

  total $944,591 · program services $472,196 · management and general $472,395

• 7 · Other salaries and wages

  total $1,069,420 · program services $684,429 · management and general $384,991

• 8 · Pension plan contributions

  total $196,094 · program services $124,556 · management and general $71,538

• 9 · Other employee benefits

  total $18,894 · program services $12,408 · management and general $6,486

• 10 · Payroll taxes

  total $90,701 · program services $58,049 · management and general $32,652

• 11c · Fees: accounting

  total $127,800 · management and general $127,800

• 11f · Fees: investment management

  total $2,055,603 · management and general $2,055,603

• 11g · Fees: other

  total $82,923 · program services $82,923

• 13 · Office expenses

  total $77,470 · program services $31,391 · management and general $46,079

• 14 · Information technology

  total $56,577 · program services $36,209 · management and general $20,368

• 16 · Occupancy

  total $433,228 · program services $235,096 · management and general $198,132

• 17 · Travel

  total $26,473 · program services $18,753 · management and general $7,720

• 19 · Conferences, conventions and meetings

  total $5,890 · program services $5,890

• 22 · Depreciation, depletion and amortization

  total $13,958 · program services $6,979 · management and general $6,979

• 23 · Insurance

  total $277,908 · program services $177,861 · management and general $100,047

• 24a · Other expenses: REPAIRS & MAINTENANCE

  total $57,744 · program services $28,872 · management and general $28,872

• 24b · Other expenses: GRANTS ADMINISTRATION

  total $10,600 · program services $10,600

• 24c · Other expenses: EQUIPMENT RENTAL

  total $5,448 · program services $2,724 · management and general $2,724

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $5,031 · program services $5,031

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $206,219

• 2 · Savings and temporary cash investments

  beginning of year $12,720,733 · end of year $13,804,186

• 9 · Prepaid expenses and deferred charges

  beginning of year $62,388 · end of year $31,418

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

  $379,188

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

  $163,886

• 10c · Land, buildings and equipment, net

  beginning of year $9,541 · end of year $215,302

• 11 · Investments: publicly traded securities

  beginning of year $47,656,194 · end of year $54,811,857

• 12 · Investments: other securities

  beginning of year $488,732,343 · end of year $490,951,246

• 15 · Other assets

  beginning of year $212,517 · end of year $1,186,034

• 17 · Accounts payable and accrued expenses

  beginning of year $526,549 · end of year $697,972

• 25 · Other liabilities

  beginning of year $113,138 · end of year $1,111,783

• 27 · Net assets without donor restrictions

  beginning of year $548,754,029 · end of year $559,396,507

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

PART I, LINE 4B

VICTORIA ROGERS, THE PRESIDENT, PARTICIPATES IN A 457(B) SUPPLEMENTAL NON-QUALIFIED TAX DEFERRED COMPENSATION PLAN. THE FOUNDATION CONTRIBUTED $28,562 IN 2024.

PART I, LINE 5

DEFERRED COMPENSATION FOR THE 457(B) AND 457(F) DEFERRAL PLANS ARE ADJUSTED ANNUALLY ACCORDING TO PORTFOLIO RETURN.