Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $609,710

• 1f · All other contributions, gifts and grants

  $5,883,457

• 1g · Noncash contributions included above

  $2,845,335

• 3 · Investment income

  total $1,162,862 · excluded $1,162,862

• 7a · Gross sales of assets other than inventory

  securities $18,650,811

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

  securities $14,521,599

• 7c · Gain or loss

  securities $4,129,212

• 7d · Net gain or loss

  total $4,129,212 · excluded $4,129,212

• 11a · Other revenue: OTHER INCOME

  total $81,417 · related or exempt $81,417

• 11b · Other revenue: RESERVE DISTRIBUTION

  total $25,250 · related or exempt $25,250

• 11e · Other revenue, total

  $106,667

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $9,138,299 · program services $9,138,299

• 11c · Fees: accounting

  total $31,975 · management and general $31,975

• 11f · Fees: investment management

  total $720,550 · program services $267,490 · management and general $453,060

• 12 · Advertising and promotion

  total $29,863 · fundraising $29,863

• 13 · Office expenses

  total $63,476 · program services $44,434 · management and general $19,042

• 16 · Occupancy

  total $13,200 · program services $9,240 · management and general $3,960

• 17 · Travel

  total $7,181 · program services $5,027 · management and general $2,154

• 23 · Insurance

  total $18,976 · program services $13,283 · management and general $5,693

• 24a · Other expenses: SHARED SERVICES

  total $493,638 · program services $345,547 · management and general $148,091

• 24b · Other expenses: OTHER EXPENSES

  total $4,190 · program services $2,933 · management and general $1,257

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $94,686 · end of year $149,354

• 2 · Savings and temporary cash investments

  beginning of year $5,071,686 · end of year $9,173,497

• 4 · Accounts receivable

  beginning of year $13,794 · end of year $16,401

• 9 · Prepaid expenses and deferred charges

  end of year $6,400

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

  $58,206

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

  $58,206

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $61,547,473 · end of year $69,832,836

• 12 · Investments: other securities

  beginning of year $7,155,080 · end of year $7,496,917

• 17 · Accounts payable and accrued expenses

  beginning of year $1,880 · end of year $10,761

• 21 · Escrow or custodial account liability

  beginning of year $34,436,334 · end of year $46,503,026

• 24 · Unsecured notes and loans payable

  beginning of year $10,134 · end of year $10,134

• 25 · Other liabilities

  beginning of year $46,042 · end of year $43,127

• 27 · Net assets without donor restrictions

  beginning of year $24,556,791 · end of year $24,368,154

• 28 · Net assets with donor restrictions

  beginning of year $14,831,538 · end of year $15,740,203

The filer's explanations (Part III)

SCHEDULE J, PART II - COMPENSATION IS FROM UNRELATED ORGANIZATION

THE FOUNDATION DOES NOT HAVE ANY EMPLOYEES. THE FOUNDATION HAS AN AGREEMENT WITH FRANKCRUM, A PROFESSIONAL EMPLOYER ORGANIZATION (PEO) TO PROVIDE CO-EMPLOYMENT SERVICES INCLUDING PAYROLL AND BENEFITS FOR ITS EMPLOYEES, INCLUDING THE FOUNDATION'S EXECUTIVE DIRECTOR. COMPENSATION PAID BY FRANKCRUM TO THE EXECUTIVE DIRECTOR FOR SERVICES RENDERED TO THE FOUNDATION HAS BEEN REPORTED AS COMPENSATION FROM THE FILING ORGANIZATION IN PART II. THIS IS IN ACCORDANCE WITH THE INSTRUCTIONS TO FORM 990 WHICH SAY TO REPORT COMPENSATION PAID BY UNRELATED ORGANIZATIONS FOR SERVICES RENDERED TO THE FILING ORGANIZATION AS IF THEY WERE PAID DIRECTLY BY THE FILING ORGANIZATION.