Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $774,429

• 1f · All other contributions, gifts and grants

  $2,914,846

• 2a · Program service revenue: RESEARCH CONTRACTS

  total $2,467,537 · related or exempt $2,467,537

• 3 · Investment income

  total $4,351 · excluded $4,351

• 11a · Other revenue: MISCELLANEOUS

  total $430 · excluded $430

• 11e · Other revenue, total

  $430

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $89,296 · program services $89,296

• 5 · Compensation of officers, directors and key employees

  total $790,519 · program services $126,505 · management and general $528,519 · fundraising $135,495

• 7 · Other salaries and wages

  total $2,904,570 · program services $2,237,225 · management and general $438,669 · fundraising $228,676

• 8 · Pension plan contributions

  total $80,054 · program services $77,898 · fundraising $2,156

• 9 · Other employee benefits

  total $302,864 · program services $203,033 · management and general $70,943 · fundraising $28,888

• 10 · Payroll taxes

  total $284,503 · program services $184,505 · management and general $72,331 · fundraising $27,667

• 11b · Fees: legal

  total $9,554 · management and general $9,554

• 11c · Fees: accounting

  total $85,140 · management and general $85,140

• 11g · Fees: other

  total $160,322 · management and general $157,822 · fundraising $2,500

• 12 · Advertising and promotion

  total $712 · program services $606 · management and general $106

• 13 · Office expenses

  total $67,716 · program services $16,233 · management and general $48,705 · fundraising $2,778

• 14 · Information technology

  total $131,033 · program services $26,615 · management and general $104,418

• 16 · Occupancy

  total $198,629 · program services $128,814 · management and general $50,499 · fundraising $19,316

• 17 · Travel

  total $50,327 · program services $42,175 · management and general $2,953 · fundraising $5,199

• 19 · Conferences, conventions and meetings

  total $34,777 · program services $27,006 · management and general $7,440 · fundraising $331

• 22 · Depreciation, depletion and amortization

  total $16,247 · program services $10,537 · management and general $4,130 · fundraising $1,580

• 23 · Insurance

  total $21,587 · program services $14,000 · management and general $5,488 · fundraising $2,099

• 24a · Other expenses: RESEARCH PARTNERS

  total $172,205 · program services $171,035 · management and general $1,170

• 24b · Other expenses: RESEARCH EXPENSES

  total $111,600 · program services $111,509 · management and general $91

• 24c · Other expenses: PROF. DEVELOPMENT

  total $7,990 · program services $3,990 · management and general $4,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $350 · end of year $3,412,285

• 2 · Savings and temporary cash investments

  beginning of year $3,630,800 · end of year $262,212

• 3 · Pledges and grants receivable

  beginning of year $793,096 · end of year $948,152

• 4 · Accounts receivable

  beginning of year $1,106,928 · end of year $957,887

• 9 · Prepaid expenses and deferred charges

  beginning of year $93,520 · end of year $46,917

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

  $70,404

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

  $59,745

• 10c · Land, buildings and equipment, net

  beginning of year $26,906 · end of year $10,659

• 15 · Other assets

  beginning of year $213,059 · end of year $169,093

• 17 · Accounts payable and accrued expenses

  beginning of year $366,418 · end of year $289,943

• 19 · Deferred revenue

  beginning of year $1,179,034 · end of year $594,067

• 25 · Other liabilities

  beginning of year $206,935 · end of year $168,975

• 27 · Net assets without donor restrictions

  beginning of year $3,166,473 · end of year $3,270,603

• 28 · Net assets with donor restrictions

  beginning of year $945,799 · end of year $1,483,617

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF DIRECTORS SETS THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE EXECUTIVE DIRECTOR SETS THE COMPENSATION FOR THE ORGANIZATION'S OFFICERS. BEFORE MAKING THE FINAL DETERMINATION ON THE EXECUTIVE DIRECTOR'S COMPENSATION, THE HR/BOARD DEVELOPMENT COMMITTEE REVIEWS AND PROVIDES FEEDBACK TO THE BOARD OF DIRECTORS. COMPENSATION SURVEYS, REVIEWS, AND COMPARABILITY DATA PROVIDED BY AN INDEPENDENT ORGANIZATION GUIDE THE DELIBERATION AND DECISION-MAKING PROCESS.

PART I, LINE 7

BONUSES FOR STAFF OF RFA ARE DETERMINED BY THE EXECUTIVE DIRECTOR AND ARE GIVEN TO EMPLOYEES WHO GO ABOVE AND BEYOND THEIR POSITION DESCRIPTION TO CONTRIBUTE TO THE ORGANIZATION IN MEANINGFUL WAYS. BONUSES FOR THE EXECUTIVE DIRECTOR ARE AWARDED BY THE BOARD FOLLOWING AN ANNUAL PERFORMANCE REVIEW PER THE STIPULATIONS OUTLINED IN THE EMPLOYMENT CONTRACT. THE EXECUTIVE DIRECTOR WAS AWARDED A BONUS OF $50,000 DURING CALENDAR YEAR 2023.

PART I, LINE 8

MARTHA KATE CALLAHAN, EXECUTIVE DIRECTOR, HAS AN EMPLOYMENT CONTRACT WITH THE ORGANIZATION STARTING JUNE 15, 2023. THE CONTRACT AUTOMATICALLY EXTENDS FOR 1 YEAR PERIODS UNLESS OTHERWISE NOTED BY THE BOARD OF DIRECTORS, OR THE EMPLOYEE.