Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $313,266

• 1f · All other contributions, gifts and grants

  $270,933

• 3 · Investment income

  total $334,599 · excluded $334,599

• 7a · Gross sales of assets other than inventory

  securities $805,629

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

  securities $775,933

• 7c · Gain or loss

  securities $29,696

• 7d · Net gain or loss

  total $29,696 · excluded $29,696

• 8a · Fundraising events: gross income

  $20,750

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

  $313,266

• 8b · Fundraising events: direct expenses

  $79,354

• 8c · Net income from fundraising events

  total -$58,604 · excluded -$58,604

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $754,082 · program services $754,082

• 11c · Fees: accounting

  total $12,000 · management and general $12,000

• 11f · Fees: investment management

  total $16,614 · management and general $16,614

• 11g · Fees: other

  total $200,000 · management and general $100,000 · fundraising $100,000

• 13 · Office expenses

  total $1,009 · management and general $1,009

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $676,377 · end of year $206,758

• 2 · Savings and temporary cash investments

  beginning of year $265,141 · end of year $106,533

• 3 · Pledges and grants receivable

  beginning of year $36,044 · end of year $294,285

• 4 · Accounts receivable

  end of year $500

• 11 · Investments: publicly traded securities

  beginning of year $11,229,848 · end of year $12,171,842

• 15 · Other assets

  beginning of year $373,032 · end of year $398,722

• 17 · Accounts payable and accrued expenses

  beginning of year $308,314 · end of year $12,000

• 19 · Deferred revenue

  beginning of year $0 · end of year $16,000

• 27 · Net assets without donor restrictions

  beginning of year -$374,438 · end of year -$701,466

• 28 · Net assets with donor restrictions

  beginning of year $12,646,566 · end of year $13,852,106

The filer's explanations (Part III)

PART I, LINE 3

THE RELATED ORGANIZATION'S PERSONNEL COMMITEE (SUBCOMMITTEE OF BOARD OF DIRECTORS) SETS COMPENSATION FOR THE EXECUTIVE DIRECTOR (ED). THE COMMITTEE PERFORMS AN ANNUAL REVIEW OF THE PERFORMANCE OF THE ED. THE COMMITTEE ALSO GATHERS INPUT FOR SETTING THE ED'S COMPENSATION FROM LOCAL NONPROFIT COMPENSATION SURVEYS, FROM FORM 990S OF SIMILAR ORGANIZATIONS IN THEIR SERVICE AREA, AND FROM COMPENSATION INFORMATION RECEIVED FROM MEMBER INDUSTRY ASSOCIATIONS. THE DELIBERATION AND DECISION REGARDING THE ED'S COMPENSATION IS CONTEMPORANEOUSLY DOCUMENTS IN THE MINUTES OF THE COMMITTEE AND APPROVED BY THE FULL BOARD OF DIRECTORS.