Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $146,441

• 1d · Related organizations

  $200,000

• 1f · All other contributions, gifts and grants

  $2,734,041

• 1g · Noncash contributions included above

  $359,441

• 3 · Investment income

  total $1,286,710 · unrelated business $3,301 · excluded $1,283,409

• 7a · Gross sales of assets other than inventory

  securities $1,574,328

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

  securities $1,573,744

• 7c · Gain or loss

  securities $584

• 7d · Net gain or loss

  total $584 · excluded $584

• 8a · Fundraising events: gross income

  $57,745

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

  $146,441

• 8b · Fundraising events: direct expenses

  $93,255

• 8c · Net income from fundraising events

  total -$35,510 · excluded -$35,510

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $494,198 · program services $494,198

• 2 · Grants to domestic individuals

  total $2,871,857 · program services $2,871,857

• 11f · Fees: investment management

  total $141,437 · management and general $141,437

• 11g · Fees: other

  total $125,756 · program services $13,344 · management and general $39,470 · fundraising $72,942

• 17 · Travel

  total $963 · management and general $963

• 19 · Conferences, conventions and meetings

  total $7,996 · program services $7,996

• 23 · Insurance

  total $6,738 · management and general $6,738

• 24a · Other expenses: ARTWORK

  total $11,479 · program services $11,479

• 24b · Other expenses: PRINTING

  total $4,368 · management and general $4,368

• 24c · Other expenses: MISCELLANEOUS

  total $1,671 · management and general $1,671

• 24d · Other expenses: SUPPLIES

  total $109 · management and general $109

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,608,252 · end of year $3,026,061

• 3 · Pledges and grants receivable

  beginning of year $274,126 · end of year $931,758

• 4 · Accounts receivable

  beginning of year $7,990 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $45,541,921 · end of year $47,670,434

• 17 · Accounts payable and accrued expenses

  beginning of year $406,499 · end of year $52,818

• 27 · Net assets without donor restrictions

  beginning of year $34,725,234 · end of year $35,673,870

• 28 · Net assets with donor restrictions

  beginning of year $13,300,556 · end of year $15,901,565

The filer's explanations (Part III)

PART I, LINE 3

WILLIAM RAINEY HARPER COLLEGE PAID FOR THE SALARY OF THE ASSOCIATE EXECUTIVE DIRECTOR/MAJOR GIFTS OF WILLIAM RAINEY HARPER COLLEGE EDUCATIONAL FOUNDATION. 1/4 OF COMPENSATION IS FOR INSTITUTIONAL INITIATIVES FOR HARPER COLLEGE AND 3/4 FOR THE ROLE OF THE ASSOCIATE EXECUTIVE DIRECTOR/MAJOR GIFTS OF WILLIAM RAINEY HARPER COLLEGE EDUCATIONAL FOUNDATION. WILLIAM RAINEY HARPER COLLEGE (SUPPORTED ORGANIZATION) USES A COMPENSATION SURVEY/STUDY AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE TO DETERMINE THE SALARY FOR LAURA BROWN.