Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $1,500

• 1e · Government grants (contributions)

  $107,443

• 1f · All other contributions, gifts and grants

  $9,077,525

• 1g · Noncash contributions included above

  $2,832,384

• 2a · Program service revenue: CONFERENCE INCOME

  total $5,257,742 · unrelated business $5,257,742

• 2b · Program service revenue: PARTICIPANT FUNDED TUITION

  total $544,369 · related or exempt $544,369

• 3 · Investment income

  total $1,051,138 · excluded $1,051,138

• 7a · Gross sales of assets other than inventory

  securities $655,231

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

  securities $200,989

• 7c · Gain or loss

  securities $454,242

• 7d · Net gain or loss

  total $454,242 · excluded $454,242

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $187,328 · excluded $187,328

• 11b · Other revenue: FOREIGN CURRENCY LOSS

  total -$207,086 · excluded -$207,086

• 11e · Other revenue, total

  -$19,758

Functional expenses

Part IX, the statement of functional expenses.

• 3 · Grants to foreign organizations and individuals

  total $157,025 · program services $157,025

• 5 · Compensation of officers, directors and key employees

  total $1,048,094 · program services $415,346 · management and general $427,624 · fundraising $205,124

• 7 · Other salaries and wages

  total $4,318,268 · program services $4,291,223 · management and general $8,906 · fundraising $18,139

• 8 · Pension plan contributions

  total $13,242 · program services $10,604 · management and general $1,729 · fundraising $909

• 9 · Other employee benefits

  total $792,460 · program services $745,975 · management and general $26,457 · fundraising $20,028

• 10 · Payroll taxes

  total $343,013 · program services $303,615 · management and general $25,827 · fundraising $13,571

• 11a · Fees: management

  total $124,989 · program services $83,318 · management and general $41,259 · fundraising $412

• 11b · Fees: legal

  total $21,463 · program services $14,307 · management and general $7,084 · fundraising $72

• 11c · Fees: accounting

  total $252,434 · program services $168,241 · management and general $83,274 · fundraising $919

• 11f · Fees: investment management

  total $50,571 · management and general $50,571

• 11g · Fees: other

  total $903,759 · program services $602,446 · management and general $298,331 · fundraising $2,982

• 13 · Office expenses

  total $557,255 · program services $440,257 · management and general $80,380 · fundraising $36,618

• 14 · Information technology

  total $142,259 · program services $94,830 · management and general $46,960 · fundraising $469

• 17 · Travel

  total $1,121,265 · program services $861,063 · management and general $200,672 · fundraising $59,530

• 19 · Conferences, conventions and meetings

  total $62,885 · program services $41,919 · management and general $20,758 · fundraising $208

• 20 · Interest

  total $627,083 · program services $159,437 · management and general $467,646

• 22 · Depreciation, depletion and amortization

  total $490,606 · program services $362,003 · management and general $128,603

• 24a · Other expenses: FOOD AND BEVERAGE

  total $1,275,306 · program services $1,275,306

• 24b · Other expenses: MISCELLANEOUS

  total $890,597 · program services $686,809 · management and general $202,471 · fundraising $1,317

• 24c · Other expenses: MAINTENANCE AND UTILITI

  total $636,366 · program services $636,366

• 24d · Other expenses: TAXES

  total $126,377 · program services $31,791 · management and general $94,586

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,871,490

• 2 · Savings and temporary cash investments

  beginning of year $597,529 · end of year $5,374,439

• 3 · Pledges and grants receivable

  beginning of year $2,765,880 · end of year $2,077,743

• 4 · Accounts receivable

  beginning of year $2,006,645 · end of year $1,079,989

• 9 · Prepaid expenses and deferred charges

  end of year $130,331

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

  $15,027,496

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

  $9,146,504

• 10c · Land, buildings and equipment, net

  beginning of year $5,480,323 · end of year $5,880,992

• 11 · Investments: publicly traded securities

  beginning of year $20,081,415 · end of year $22,224,651

• 12 · Investments: other securities

  end of year $297,329

• 14 · Intangible assets

  beginning of year $20,692

• 15 · Other assets

  beginning of year $0 · end of year $297,587

• 17 · Accounts payable and accrued expenses

  beginning of year $2,383,245 · end of year $2,443,168

• 19 · Deferred revenue

  beginning of year $406,181 · end of year $293,826

• 23 · Secured mortgages and notes payable

  beginning of year $10,500,316 · end of year $5,310,355

• 24 · Unsecured notes and loans payable

  end of year $4,216,702

• 25 · Other liabilities

  beginning of year $20,692 · end of year $653,423

• 27 · Net assets without donor restrictions

  beginning of year -$4,895,708 · end of year -$4,484,346

• 28 · Net assets with donor restrictions

  beginning of year $26,409,248 · end of year $28,929,933

The filer's explanations (Part III)

PART I, LINE 1A

AS PER MARTIN WEISS' EMPLOYMENT CONTRACT: 15 ROOM NIGHTS IN THE MEIERHOF PER YEAR FOR PERSONAL GUESTS. APPROXIMATE VALUE OF 15 ROOM NIGHTS IS EURO 1,275

PART I, LINE 4A

STEPHEN SALYER, FORMER PRESIDENT/CEO, RECEIVED A SEVERANCE PAYMENT OF $83,183 FOR THE YEAR ENDED DECEMBER 31, 2024.

PART I, LINE 7

INDIVIDUALS LISTED ON PART VII RECEIVED NON-FIXED PERFORMACE BONUSES FOR THE TAX YEAR ENDED DECEMBER 31, 2024.