Form 990 for tax year 2023

1a · Federated campaigns

$276,252

1b · Membership dues

$157,737

1e · Government grants (contributions)

$560,000

1f · All other contributions, gifts and grants

$644,063

2a · Program service revenue: MEL KING INSTITUTE

total $132,463 · related or exempt $132,463

3 · Investment income

total $7,524 · excluded $7,524

5 · Royalties

total $100,000 · excluded $100,000

11d · All other revenue

total $4,701 · related or exempt $4,701

11e · Other revenue, total

$4,701

5 · Compensation of officers, directors and key employees

total $172,856 · program services $52,391 · management and general $120,465

7 · Other salaries and wages

total $612,457 · program services $551,982 · management and general $60,475

8 · Pension plan contributions

total $25,420 · program services $18,953 · management and general $6,467

9 · Other employee benefits

total $85,443 · program services $74,637 · management and general $10,806

10 · Payroll taxes

total $59,437 · program services $48,170 · management and general $11,267

11c · Fees: accounting

total $147,934 · program services $124,216 · management and general $23,718

11d · Fees: lobbying

total $52,484 · program services $52,484

11f · Fees: investment management

total $1,477 · management and general $1,477

11g · Fees: other

total $136,489 · program services $127,379 · management and general $9,110

13 · Office expenses

total $42,656 · program services $32,171 · management and general $10,485

14 · Information technology

total $77,748 · program services $54,733 · management and general $23,015

16 · Occupancy

total $134,184 · program services $111,049 · management and general $23,135

22 · Depreciation, depletion and amortization

total $31,396 · program services $25,222 · management and general $6,174

24a · Other expenses: PROGRAM EXPENSE

total $311,358 · program services $311,358

1 · Cash, non-interest-bearing

beginning of year $122,928 · end of year $174,460

2 · Savings and temporary cash investments

beginning of year $219,338 · end of year $369,879

3 · Pledges and grants receivable

beginning of year $491,916 · end of year $234,500

9 · Prepaid expenses and deferred charges

beginning of year $32,501 · end of year $18,434

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

$178,366

10b · Land, buildings and equipment: accumulated depreciation

$120,989

10c · Land, buildings and equipment, net

beginning of year $66,678 · end of year $57,377

11 · Investments: publicly traded securities

beginning of year $141,170 · end of year $139,647

14 · Intangible assets

beginning of year $597,492 · end of year $478,816

15 · Other assets

beginning of year $10,189 · end of year $10,239

17 · Accounts payable and accrued expenses

beginning of year $237,389 · end of year $139,398

19 · Deferred revenue

end of year $25,000

25 · Other liabilities

beginning of year $604,891 · end of year $484,268

27 · Net assets without donor restrictions

beginning of year $645,338 · end of year $771,459

28 · Net assets with donor restrictions

beginning of year $194,594 · end of year $63,227