Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP INCOME

  total $53,841,743 · related or exempt $53,841,743

• 2b · Program service revenue: MEETINGS INCOME

  total $13,799,168 · related or exempt $13,799,168

• 3 · Investment income

  total $4,906,216 · excluded $4,906,216

• 7a · Gross sales of assets other than inventory

  securities $67,055,326

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

  securities $70,269,402

• 7c · Gain or loss

  securities -$3,214,076

• 7d · Net gain or loss

  total -$3,214,076 · excluded -$3,214,076

• 10a · Gross sales of inventory

  $1,351,928

• 10b · Cost of goods sold

  $854,658

• 10c · Net income from sales of inventory

  total $497,270 · excluded $497,270

• 11a · Other revenue: MANAGEMENT FEES

  total $100,000 · excluded $100,000

• 11b · Other revenue: OTHER REVENUE

  total $39,878 · excluded $39,878

• 11e · Other revenue, total

  $139,878

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $333,086

• 5 · Compensation of officers, directors and key employees

  total $1,583,755

• 7 · Other salaries and wages

  total $13,629,933

• 8 · Pension plan contributions

  total $1,287,754

• 9 · Other employee benefits

  total $3,040,189

• 10 · Payroll taxes

  total $1,034,796

• 11b · Fees: legal

  total $841,328

• 11c · Fees: accounting

  total $59,921

• 11f · Fees: investment management

  total $420,460

• 11g · Fees: other

  total $3,064,065

• 12 · Advertising and promotion

  total $1,974,647

• 13 · Office expenses

  total $1,211,801

• 14 · Information technology

  total $6,504,005

• 16 · Occupancy

  total $567,470

• 17 · Travel

  total $2,247,323

• 19 · Conferences, conventions and meetings

  total $19,953,258

• 23 · Insurance

  total $336,354

• 24a · Other expenses: CONTENT DEVELOPMENT

  total $4,811,714

• 24b · Other expenses: INTERCOMPANY EXPENSES

  total $556,096

• 24c · Other expenses: ACQUISITION/EVALUATION

  total $472,875

• 24d · Other expenses: STRATEGIC PLAN

  total $108,993

• 24e · All other expenses

  total $423,837

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $44,266,287 · end of year $54,696,258

• 4 · Accounts receivable

  beginning of year $735,634 · end of year $156,782

• 8 · Inventories for sale or use

  beginning of year $319,888 · end of year $232,213

• 9 · Prepaid expenses and deferred charges

  beginning of year $938,180 · end of year $2,377,908

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

  $5,099,762

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

  $4,834,762

• 10c · Land, buildings and equipment, net

  beginning of year $265,000 · end of year $265,000

• 11 · Investments: publicly traded securities

  beginning of year $54,301,020 · end of year $41,640,494

• 12 · Investments: other securities

  beginning of year $26,887,251 · end of year $37,893,797

• 15 · Other assets

  beginning of year $9,222,357 · end of year $13,565,517

• 17 · Accounts payable and accrued expenses

  beginning of year $6,303,397 · end of year $7,106,462

• 19 · Deferred revenue

  beginning of year $3,829,291 · end of year $1,984,982

• 25 · Other liabilities

  beginning of year $7,570,656 · end of year $8,285,015

• 27 · Net assets without donor restrictions

  beginning of year $119,232,273 · end of year $133,451,510

The filer's explanations (Part III)

PART I, LINE 1A

EXECUTIVE MEMBERS AND THE CEO CAN CHOOSE TO TRAVEL FIRST CLASS ON FLIGHTS WITH DURATIONS OF THREE HOURS OR LONGER (NONTAXABLE BENEFIT). SPOUSES CAN ACCOMPANY THE EXECUTIVE COMMITTEE MEMBERS ON THEIR TRAVELS (TAXABLE BENEFIT). EACH EXECUTIVE COMMITTEE MEMBER RECEIVES A GROSS UP PAYMENT RELATED TO THEIR SPOUSAL TRAVEL. EXECUTIVE COMMITTEE MEMBERS RECEIVE AN ADMINISTRATIVE ALLOWANCE TAXABLE TO THE INDIVIDUAL TO DEFRAY THE COST OF STAFF SUPPORT EXPENSES THEY MAY INCUR IN THE PERFORMANCE OF THEIR EXECUTIVE COMMITTEE DUTIES AND ORGANIZATION WORK. NO MEMBER OF THE ORGANIZATION OR OF THE EXECUTIVE COMMITTEE, OR OF ANY OTHER COMMITTEE, RECEIVES COMPENSATION FOR SERVICES RENDERED. THE AMOUNTS BUDGETED FOR THE MATTERS ABOVE ARE INCLUDED IN THE ORGANIZATION'S BUDGET. THE BUDGET IS APPROVED BY THE FINANCE COMMITTEE ON AN ANNUAL BASIS.

PART I, LINE 1B

THE ORGANIZATION MAINTAINS AND FOLLOWS WRITTEN POLICIES REGARDING FIRST CLASS TRAVEL, SPOUSE TRAVEL, GROSS-UP PAYMENTS AND DISCRETIONARY SPENDING ACCOUNTS.

PART I, LINE 3

EXPENSE REPORTS MUST BE SUBMITTED IN ORDER TO RECEIVE REIMBURSEMENT FROM THE ORGANIZATION. RECEIPTS ARE REQUIRED FOR ITEMS $25 OR GREATER. RECEIPTS ARE REQUIRED FOR ALL PURCHASES MADE WITH THE ORGANIZATION'S CREDIT CARD.

PART I, LINE 4B

THE FOLLOWING PERSON RECEIVED BENEFITS FROM OR OTHERWISE PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: STEPHEN STAHR - ACCRUED AN ADDITIONAL $106,544 IN FY2023 (DOES NOT VEST UNTIL RETIREMENT DATE IS REACHED)

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• MDRT BUSINESS SERVICES INC

  C · CREATE AND SELL PRODUCTS AND SERVICES · IL · 100% owned · controlled entity

  Directly controlled by MILLION DOLLAR ROUND TABLE

• MDRT ASIA PACIFIC HEADQUARTERS PTE LTD

  C · PROVIDES BENEFITS AND SERVICES TO MDRT MEMBERS IN THE APAC REGION. · SN · 100% owned · share of income $49,606 · share of assets $580,914 · controlled entity

  Directly controlled by MILLION DOLLAR ROUND TABLE