Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,648,469

• 1f · All other contributions, gifts and grants

  $4,337,368

• 2a · Program service revenue: ANNUAL MEETING

  total $3,203,226 · related or exempt $3,103,351 · unrelated business $99,875

• 2b · Program service revenue: MEMBERSHIP DUES AND VOLUNTEER SER

  total $1,646,792 · related or exempt $1,646,792

• 2c · Program service revenue: MEMBER SERVICES

  total $1,549,364 · related or exempt $1,540,729 · unrelated business $8,635

• 2d · Program service revenue: EDUCATION

  total $994,251 · related or exempt $994,251

• 3 · Investment income

  total $400,692 · excluded $400,692

• 5 · Royalties

  total $349,997 · unrelated business $17,113 · excluded $332,884

• 7a · Gross sales of assets other than inventory

  securities $2,802,802

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

  securities $2,369,947

• 7c · Gain or loss

  securities $432,855

• 7d · Net gain or loss

  total $432,855 · excluded $432,855

• 10a · Gross sales of inventory

  $574,291

• 10b · Cost of goods sold

  $124,582

• 10c · Net income from sales of inventory

  total $449,709 · related or exempt $449,709

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,100

• 2 · Grants to domestic individuals

  total $17,097

• 5 · Compensation of officers, directors and key employees

  total $1,357,638

• 7 · Other salaries and wages

  total $4,860,862

• 8 · Pension plan contributions

  total $452,572

• 9 · Other employee benefits

  total $364,889

• 10 · Payroll taxes

  total $332,845

• 11b · Fees: legal

  total $27,350

• 11c · Fees: accounting

  total $49,164

• 11d · Fees: lobbying

  total $137,000

• 11f · Fees: investment management

  total $77,127

• 11g · Fees: other

  total $1,472,464

• 12 · Advertising and promotion

  total $318,046

• 13 · Office expenses

  total $176,012

• 14 · Information technology

  total $477,092

• 15 · Royalties

  total $6,429

• 16 · Occupancy

  total $860,380

• 17 · Travel

  total $665,465

• 19 · Conferences, conventions and meetings

  total $3,563,382

• 22 · Depreciation, depletion and amortization

  total $417,673

• 23 · Insurance

  total $113,015

• 24a · Other expenses: UBI TAX

  total $13,489

• 24b · Other expenses: SUBSCRIPTION/MEMBERSHIP

  total $181,816

• 24c · Other expenses: CREDIT LOSS EXPENSE

  total $67,751

• 24d · Other expenses: BANK FEES

  total $7,826

• 24e · All other expenses

  total $2,705

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,556,547 · end of year $1,315,635

• 4 · Accounts receivable

  beginning of year $860,601 · end of year $1,510,662

• 8 · Inventories for sale or use

  beginning of year $28,373 · end of year $87,854

• 9 · Prepaid expenses and deferred charges

  beginning of year $468,446 · end of year $424,658

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

  $6,704,824

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

  $4,291,843

• 10c · Land, buildings and equipment, net

  beginning of year $2,386,628 · end of year $2,412,981

• 11 · Investments: publicly traded securities

  beginning of year $13,211,907 · end of year $14,432,138

• 15 · Other assets

  beginning of year $1,689,801 · end of year $1,521,165

• 17 · Accounts payable and accrued expenses

  beginning of year $951,564 · end of year $1,079,980

• 19 · Deferred revenue

  beginning of year $1,630,704 · end of year $2,162,352

• 25 · Other liabilities

  beginning of year $3,606,525 · end of year $3,243,860

• 27 · Net assets without donor restrictions

  beginning of year $14,013,510 · end of year $14,838,901

• 28 · Net assets with donor restrictions

  end of year $380,000

The filer's explanations (Part III)

PART I, LINE 3

THE OFFICER'S COMPENSATION IS APPROVED BY THE BOARD AT THE RECOMMENDATION OF THE GOVERNANCE COMMITTEE. COMPARABILITY DATA IS USED. OTHER KEY EMPLOYEES' COMPENSATION IS AT THE DISCRETION OF THE CEO BASED ON ESTABLISHED COMPENSATION RANGES FOR EACH POSITION USING RELEVANT SALARY SURVEYS TO DETERMINE APPROPRIATENESS OF RANGES AND MATCHING JOB DESCRIPTIONS TO POSITIONS. EVERY THREE YEARS AN OUTSIDE CONSULTANT IS USED TO DO A SALARY STUDY.