Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $3,762,431

• 1g · Noncash contributions included above

  $1,470,333

• 3 · Investment income

  total $604,977 · excluded $604,977

• 7a · Gross sales of assets other than inventory

  securities $8,141,516

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

  securities $8,322,035

• 7c · Gain or loss

  securities -$180,519

• 7d · Net gain or loss

  total -$180,519 · excluded -$180,519

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,563,115 · program services $2,563,115

• 2 · Grants to domestic individuals

  total $36,500 · program services $36,500

• 5 · Compensation of officers, directors and key employees

  total $156,459 · program services $53,196 · management and general $53,196 · fundraising $50,067

• 7 · Other salaries and wages

  total $351,629 · program services $119,554 · management and general $119,554 · fundraising $112,521

• 8 · Pension plan contributions

  total $6,558 · program services $2,230 · management and general $2,230 · fundraising $2,098

• 9 · Other employee benefits

  total $41,120 · program services $13,981 · management and general $13,981 · fundraising $13,158

• 10 · Payroll taxes

  total $43,454 · program services $14,774 · management and general $14,774 · fundraising $13,906

• 11b · Fees: legal

  total $22,087 · management and general $22,087

• 11c · Fees: accounting

  total $20,300 · management and general $20,300

• 11f · Fees: investment management

  total $124,990 · program services $124,990

• 13 · Office expenses

  total $24,015 · program services $7,205 · management and general $9,605 · fundraising $7,205

• 16 · Occupancy

  total $64,283 · program services $17,999 · management and general $22,499 · fundraising $23,785

• 22 · Depreciation, depletion and amortization

  total $2,409 · management and general $2,409

• 23 · Insurance

  total $2,521 · program services $630 · management and general $1,135 · fundraising $756

• 24a · Other expenses: FUND DEVELOPMENT

  total $46,601 · program services $6,990 · fundraising $39,611

• 24b · Other expenses: MISCELLANEOUS

  total $34,114 · program services $20,227 · management and general $7,935 · fundraising $5,952

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $30,049 · program services $15,025 · management and general $10,517 · fundraising $4,507

• 24d · Other expenses: NON-GRANT PROGRAMMING

  total $27,677 · program services $22,142 · management and general $5,535

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,501,662 · end of year $1,757,695

• 2 · Savings and temporary cash investments

  beginning of year $221,016 · end of year $222,839

• 3 · Pledges and grants receivable

  beginning of year $1,020 · end of year $6,520

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

  $1,127,353

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

  $2,409

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $1,124,944

• 11 · Investments: publicly traded securities

  beginning of year $21,525,324 · end of year $22,827,452

• 15 · Other assets

  beginning of year $92,549 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $14,278 · end of year $1,708

• 18 · Grants payable

  beginning of year $9,000 · end of year $6,500

• 25 · Other liabilities

  beginning of year $200,837 · end of year $99,640

• 27 · Net assets without donor restrictions

  beginning of year $1,767,209 · end of year $2,604,807

• 28 · Net assets with donor restrictions

  beginning of year $21,350,247 · end of year $23,226,795

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE DIRECTOR'S COMPENSATION IS COMPARED TO SALARY DATA FROM THE COUNCIL ON FOUNDATIONS AND IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES ANNUALLY.