Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $3,454,865

• 1g · Noncash contributions included above

  $43,066

• 3 · Investment income

  total $451,057 · excluded $451,057

• 7a · Gross sales of assets other than inventory

  securities $1,127,992

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

  securities $0

• 7c · Gain or loss

  securities $1,127,992

• 7d · Net gain or loss

  total $1,127,992 · excluded $1,127,992

• 11a · Other revenue: LEASE SALE COMMISSIONS

  total $2,189 · unrelated business $2,189

• 11e · Other revenue, total

  $2,189

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $29,319,619 · program services $29,319,619

• 2 · Grants to domestic individuals

  total $7,485 · program services $7,485

• 7 · Other salaries and wages

  total $1,157,293 · program services $25,815 · management and general $1,131,478

• 8 · Pension plan contributions

  total $66,943 · management and general $66,943

• 9 · Other employee benefits

  total $379,237 · management and general $379,237

• 10 · Payroll taxes

  total $98,733 · management and general $98,733

• 11f · Fees: investment management

  total $46,020 · management and general $46,020

• 11g · Fees: other

  total $227,152 · program services $33,672 · management and general $193,480

• 12 · Advertising and promotion

  total $1,016 · program services $722 · management and general $294

• 13 · Office expenses

  total $38,887 · program services $1,288 · management and general $37,599

• 14 · Information technology

  total $103,810 · management and general $103,810

• 16 · Occupancy

  total $36,548 · management and general $36,548

• 17 · Travel

  total $22,189 · management and general $22,189

• 22 · Depreciation, depletion and amortization

  total $168,831 · management and general $168,831

• 24a · Other expenses: DUES & FEES

  total $82,758 · program services $80,779 · management and general $1,979

• 24b · Other expenses: MISCELLANEOUS

  total $57,507 · program services $18,644 · management and general $38,863

• 24c · Other expenses: SUPPLIES

  total $1,219 · program services $738 · management and general $481

• 24d · Other expenses: UBI TAXES

  total $190 · management and general $190

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,150,996 · end of year $13,313,101

• 3 · Pledges and grants receivable

  beginning of year $8,609,656 · end of year $7,197,254

• 4 · Accounts receivable

  beginning of year $104,683 · end of year $54,648

• 5 · Loans and receivables from officers and key people

  end of year $0

• 7 · Other notes and loans receivable

  beginning of year $34,714 · end of year $32,255

• 9 · Prepaid expenses and deferred charges

  beginning of year $108,702 · end of year $116,001

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

  $2,914,501

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

  $815,004

• 10c · Land, buildings and equipment, net

  beginning of year $2,268,329 · end of year $2,099,497

• 11 · Investments: publicly traded securities

  beginning of year $36,913,905 · end of year $45,713,689

• 15 · Other assets

  beginning of year $1,349,215 · end of year $118,475

• 17 · Accounts payable and accrued expenses

  beginning of year $105,211 · end of year $9,934

• 25 · Other liabilities

  beginning of year $132,505 · end of year $30,618,843

• 27 · Net assets without donor restrictions

  beginning of year $3,844,344 · end of year $9,393,537

• 28 · Net assets with donor restrictions

  beginning of year $54,458,140 · end of year $28,622,606

The filer's explanations (Part III)

PART I, LINE 4B

ASANTE, THE PARENT CORPORATION OF THE FOUNDATION, HAS AN EXECUTIVE RESTORATION PLAN WHICH INCLUDES ASANTE PRESIDENT & CEO TOM GESSEL AND SVP & CFO HEATHER ROWENHORST. THIS PLAN STATES FIXED PAYMENTS WILL BE RECEIVED AT PRE-DETERMINED INTERVALS FROM ASANTE IF STILL EMPLOYED BY ASANTE IN THEIR CURRENT ROLE AT THE TIME OF VESTING. IF EMPLOYMENT TERMINATES BY ASANTE FOR ANY REASON PRIOR TO VESTING, THEY WILL NOT HAVE CLAIM TO THE FUNDS. DURING CALENDAR YEAR 2023, THE FOLLOWING AMOUNTS WERE CONTRIBUTED TO THE PLAN: TOM GESSEL - $13,454 HEATHER ROWENHORST - $20,600 SELECT EXECUTIVES OF ASANTE, THE PARENT CORPORATION, AGREED TO PARTICIPATE IN CAP-EX IN PLACE OF A TRADITIONAL SERP. SEE SCHEDULE L, PART V, FOR A BROADER DESCRIPTION.