Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $15,667,984

• 1g · Noncash contributions included above

  $15,231

• 2a · Program service revenue: Shared Workspace

  total $500 · related or exempt $500

• 3 · Investment income

  total $64,392 · excluded $64,392

• 7a · Gross sales of assets other than inventory

  securities $15,219

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

  securities $15,232

• 7c · Gain or loss

  securities -$13

• 7d · Net gain or loss

  total -$13 · excluded -$13

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: Cost Sharing Revenue

  total $446,097 · related or exempt $446,097

• 11e · Other revenue, total

  $446,097

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,900,000 · program services $4,900,000

• 5 · Compensation of officers, directors and key employees

  total $1,072,851 · program services $965,565 · management and general $53,643 · fundraising $53,643

• 7 · Other salaries and wages

  total $627,730 · program services $564,958 · management and general $31,386 · fundraising $31,386

• 8 · Pension plan contributions

  total $47,836 · program services $43,052 · management and general $2,392 · fundraising $2,392

• 9 · Other employee benefits

  total $69,700 · program services $62,730 · management and general $3,485 · fundraising $3,485

• 10 · Payroll taxes

  total $103,717 · program services $93,345 · management and general $5,186 · fundraising $5,186

• 11b · Fees: legal

  total $84,796 · program services $76,316 · management and general $4,240 · fundraising $4,240

• 11c · Fees: accounting

  total $138,850 · management and general $138,850

• 11d · Fees: lobbying

  total $569,600 · program services $569,600

• 11g · Fees: other

  total $1,844,821 · program services $1,123,742 · management and general $3,169 · fundraising $717,910

• 12 · Advertising and promotion

  total $2,586,836 · program services $2,586,836

• 13 · Office expenses

  total $22,228 · program services $20,006 · management and general $1,111 · fundraising $1,111

• 14 · Information technology

  total $399,269 · program services $359,343 · management and general $19,963 · fundraising $19,963

• 16 · Occupancy

  total $956,331 · program services $867,691 · management and general $44,320 · fundraising $44,320

• 17 · Travel

  total $43,893 · program services $38,783 · management and general $2,195 · fundraising $2,915

• 19 · Conferences, conventions and meetings

  total $47,057 · program services $42,351 · management and general $2,353 · fundraising $2,353

• 22 · Depreciation, depletion and amortization

  total $27,286 · program services $24,558 · management and general $1,364 · fundraising $1,364

• 23 · Insurance

  total $51,071 · program services $45,963 · management and general $2,554 · fundraising $2,554

• 24a · Other expenses: Dues & Subscriptions

  total $375 · program services $337 · management and general $19 · fundraising $19

• 24b · Other expenses: Taxes Licenses & Fees

  total $14,819 · program services $13,337 · management and general $741 · fundraising $741

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,708,931 · end of year $756,783

• 2 · Savings and temporary cash investments

  end of year $8,027,012

• 9 · Prepaid expenses and deferred charges

  beginning of year $111,862 · end of year $65,849

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

  $834,314

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

  $27,285

• 10c · Land, buildings and equipment, net

  end of year $807,029

• 15 · Other assets

  beginning of year $5,489,013 · end of year $4,994,079

• 17 · Accounts payable and accrued expenses

  beginning of year $39,190 · end of year $165,930

• 25 · Other liabilities

  beginning of year $5,531,515 · end of year $5,070,723

• 27 · Net assets without donor restrictions

  beginning of year $6,739,101 · end of year $9,414,099

The filer's explanations (Part III)

Benefit information (Part I, line 1a)

First Class or Charter Travel: First class or charter travel is permitted for certain members of executive leadership in certain circumstances.

No written policy information (Part I, line 1b)

The Organization does not have a written travel expense reimbursement policy; however, proper substantiation is required for all expense reimbursement requests as recommended by IRS guidelines.

Other non-fixed payments (Part I, line 7)

The organization paid employee bonuses based on individual and organization performance.