Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $146,545

• 1c · Fundraising events

  $255,730

• 1f · All other contributions, gifts and grants

  $1,761,599

• 1g · Noncash contributions included above

  $37,239

• 2a · Program service revenue: BOOKSHOP SALES

  total $212,024 · related or exempt $212,024

• 3 · Investment income

  total $255,408 · excluded $255,408

• 7a · Gross sales of assets other than inventory

  securities $179,996

• 7c · Gain or loss

  securities $179,996

• 7d · Net gain or loss

  total $179,996 · excluded $179,996

• 8a · Fundraising events: gross income

  $176,110

• 8a · Fundraising events: contributions included on line 1c

  $255,730

• 8b · Fundraising events: direct expenses

  $176,110

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,736,797 · program services $1,736,797

• 5 · Compensation of officers, directors and key employees

  total $195,845 · program services $43,086 · management and general $39,169 · fundraising $113,590

• 7 · Other salaries and wages

  total $494,747 · program services $116,465 · management and general $112,427 · fundraising $265,855

• 8 · Pension plan contributions

  total $14,470 · program services $2,959 · management and general $4,036 · fundraising $7,475

• 9 · Other employee benefits

  total $74,198 · program services $17,357 · management and general $25,941 · fundraising $30,900

• 10 · Payroll taxes

  total $61,413 · program services $15,079 · management and general $14,131 · fundraising $32,203

• 11c · Fees: accounting

  total $22,000 · management and general $22,000

• 11f · Fees: investment management

  total $60,426 · management and general $60,426

• 11g · Fees: other

  total $58,514 · program services $13,114 · management and general $40,603 · fundraising $4,797

• 12 · Advertising and promotion

  total $76,987 · program services $3,549 · management and general $2,836 · fundraising $70,602

• 13 · Office expenses

  total $30,306 · program services $22,547 · management and general $333 · fundraising $7,426

• 14 · Information technology

  total $24,379 · management and general $383 · fundraising $23,996

• 17 · Travel

  total $18,139 · program services $12,440 · management and general $124 · fundraising $5,575

• 19 · Conferences, conventions and meetings

  total $42,203 · program services $3,262 · management and general $2,062 · fundraising $36,879

• 20 · Interest

  total $3,278 · program services $3,278

• 22 · Depreciation, depletion and amortization

  total $680 · management and general $680

• 23 · Insurance

  total $3,548 · management and general $3,548

• 24a · Other expenses: MERCHANT FEES

  total $47,111 · program services $34,056 · management and general $593 · fundraising $12,462

• 24b · Other expenses: MISCELLANEOUS

  total $11,619 · program services $100 · management and general $11,435 · fundraising $84

• 24c · Other expenses: FUNDRAISING

  total $8,675 · fundraising $8,675

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,508,198 · end of year $1,487,493

• 3 · Pledges and grants receivable

  beginning of year $633,278 · end of year $2,150

• 4 · Accounts receivable

  beginning of year $132,353 · end of year $125,205

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

  $47,250

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

  $47,080

• 10c · Land, buildings and equipment, net

  beginning of year $850 · end of year $170

• 11 · Investments: publicly traded securities

  beginning of year $8,719,387 · end of year $9,713,333

• 15 · Other assets

  end of year $2,767

• 17 · Accounts payable and accrued expenses

  beginning of year $78,690 · end of year $51,878

• 19 · Deferred revenue

  end of year $20,000

• 23 · Secured mortgages and notes payable

  beginning of year $135,000

• 27 · Net assets without donor restrictions

  beginning of year $2,207,412 · end of year $2,072,093

• 28 · Net assets with donor restrictions

  beginning of year $8,572,964 · end of year $9,187,147

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3

MANAGEMENT AND MEMBERS OF THE PERSONNEL AND COMPENSATION COMMITTEE ANNUALLY REVIEW COMPARATIVE SALARIES FOR THE EXECUTIVE DIRECTOR AND ALL OTHER KEY FOUNDATION EMPLOYEES. THIS IS DONE DURING THE BUDGETING PROCESS. ONCE THE FINANCE COMMITTEE HAS APPROVED THE BUDGET, IT GOES IN FRONT OF THE ENTIRE BOARD FOR APPROVAL.