Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $3,416,017 · related or exempt $3,416,017

• 2b · Program service revenue: INITIATION FEES

  total $1,043,850 · related or exempt $1,043,850

• 2c · Program service revenue: IMPROVEMENT ASSESSMENT

  total $457,655 · related or exempt $457,655

• 3 · Investment income

  total $81,619 · unrelated business $81,619

• 7a · Gross sales of assets other than inventory

  securities $5,614,173

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

  securities $5,614,173

• 7c · Gain or loss

  securities $0

• 7d · Net gain or loss

  total $0

• 10a · Gross sales of inventory

  $3,499,091

• 10b · Cost of goods sold

  $496,390

• 10c · Net income from sales of inventory

  total $3,002,701 · related or exempt $2,743,257 · unrelated business $259,444

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $472,898

• 7 · Other salaries and wages

  total $3,405,677

• 8 · Pension plan contributions

  total $42,606

• 9 · Other employee benefits

  total $364,397

• 10 · Payroll taxes

  total $306,818

• 11c · Fees: accounting

  total $20,800

• 11g · Fees: other

  total $113,944

• 13 · Office expenses

  total $723,318

• 14 · Information technology

  total $70,671

• 16 · Occupancy

  total $404,498

• 17 · Travel

  total $13,820

• 19 · Conferences, conventions and meetings

  total $22,704

• 20 · Interest

  total $88,424

• 22 · Depreciation, depletion and amortization

  total $490,678

• 23 · Insurance

  total $73,627

• 24a · Other expenses: OTHER DEPARTMENT OPERAT

  total $214,221

• 24b · Other expenses: FOOD AND BEVERAGE OPERA

  total $202,108

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,344,985 · end of year $1,174,170

• 2 · Savings and temporary cash investments

  beginning of year $605,473 · end of year $424,298

• 4 · Accounts receivable

  beginning of year $257,412 · end of year $455,664

• 8 · Inventories for sale or use

  beginning of year $29,033 · end of year $37,489

• 9 · Prepaid expenses and deferred charges

  beginning of year $42,840 · end of year $91,359

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

  $16,128,241

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

  $6,748,432

• 10c · Land, buildings and equipment, net

  beginning of year $8,663,491 · end of year $9,379,809

• 11 · Investments: publicly traded securities

  end of year $1,923,337

• 15 · Other assets

  beginning of year $24,852 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $808,609 · end of year $456,558

• 19 · Deferred revenue

  beginning of year $7,358,350

• 23 · Secured mortgages and notes payable

  beginning of year $2,296,271 · end of year $2,228,368

• 25 · Other liabilities

  beginning of year $0 · end of year $686,000

• 27 · Net assets without donor restrictions

  beginning of year $2,504,856 · end of year $10,115,200

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS REVIEWED PERIODICALLY AND APPROVED BY THE BOARD OF GOVERNORS.