Form 990 for tax year 2022

1f · All other contributions, gifts and grants

$3,020,432

1g · Noncash contributions included above

$173,160

3 · Investment income

total $1,514,095 · excluded $1,514,095

7a · Gross sales of assets other than inventory

securities $11,388,360 · other assets $13,889,651

7b · Less cost or other basis and sales expenses

securities $10,748,042 · other assets $0

7c · Gain or loss

securities $640,318 · other assets $13,889,651

7d · Net gain or loss

total $14,529,969 · related or exempt $640,318 · excluded $13,889,651

11a · Other revenue: HARBERT US REAL ESTATE FUND V

total $38,998 · unrelated business $38,998

11b · Other revenue: JCR COMMERCIAL REFINANCE FUND

total $34,611 · unrelated business $34,611

11d · All other revenue

total $19,156 · related or exempt $19,156

11e · Other revenue, total

$92,765

1 · Grants to domestic organizations and governments

total $3,821,040 · program services $3,821,040

2 · Grants to domestic individuals

total $547,814 · program services $547,814

5 · Compensation of officers, directors and key employees

total $296,901 · program services $126,360 · management and general $120,671 · fundraising $49,870

7 · Other salaries and wages

total $598,369 · program services $285,706 · management and general $241,539 · fundraising $71,124

8 · Pension plan contributions

total $36,897 · program services $16,998 · management and general $14,666 · fundraising $5,233

9 · Other employee benefits

total $99,961 · program services $46,192 · management and general $32,860 · fundraising $20,909

10 · Payroll taxes

total $56,379 · program services $26,204 · management and general $22,947 · fundraising $7,228

11b · Fees: legal

total $4,791 · management and general $4,791

11c · Fees: accounting

total $38,600 · management and general $38,600

11f · Fees: investment management

total $276,180 · management and general $276,180

12 · Advertising and promotion

total $86,184 · program services $75,631 · fundraising $10,553

13 · Office expenses

total $26,040 · program services $12,018 · management and general $10,335 · fundraising $3,687

14 · Information technology

total $68,214 · program services $31,960 · management and general $26,720 · fundraising $9,534

16 · Occupancy

total $28,716 · program services $13,229 · management and general $11,415 · fundraising $4,072

17 · Travel

total $9,082 · program services $4,184 · management and general $3,610 · fundraising $1,288

19 · Conferences, conventions and meetings

total $15,775 · program services $12,014 · management and general $2,772 · fundraising $989

22 · Depreciation, depletion and amortization

total $64,618 · program services $29,768 · management and general $25,686 · fundraising $9,164

23 · Insurance

total $13,150 · program services $6,058 · management and general $5,227 · fundraising $1,865

24a · Other expenses: MISCELLANEOUS

total $23,738 · program services $155 · management and general $23,583

24b · Other expenses: DUES/MEMBERSHIP/SUBSCRI

total $23,695 · program services $10,916 · management and general $9,419 · fundraising $3,360

1 · Cash, non-interest-bearing

beginning of year $2,046,821 · end of year $147,249

2 · Savings and temporary cash investments

beginning of year $9,940,457 · end of year $6,548,824

3 · Pledges and grants receivable

beginning of year $116,857 · end of year $160,501

4 · Accounts receivable

beginning of year $436,619 · end of year $255,426

7 · Other notes and loans receivable

beginning of year $909,717 · end of year $2,005,712

8 · Inventories for sale or use

end of year $475

9 · Prepaid expenses and deferred charges

beginning of year $27,488 · end of year $33,823

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

$1,422,987

10b · Land, buildings and equipment: accumulated depreciation

$462,705

10c · Land, buildings and equipment, net

beginning of year $978,862 · end of year $960,282

11 · Investments: publicly traded securities

beginning of year $89,729,444 · end of year $76,273,117

15 · Other assets

beginning of year $246,180 · end of year $180,497

17 · Accounts payable and accrued expenses

beginning of year $127,815 · end of year $149,834

18 · Grants payable

beginning of year $4,106,138 · end of year $2,528,669

19 · Deferred revenue

end of year $850

21 · Escrow or custodial account liability

beginning of year $17,086,132 · end of year $14,109,366

23 · Secured mortgages and notes payable

beginning of year $58,266 · end of year $978,632

24 · Unsecured notes and loans payable

end of year $200,000

25 · Other liabilities

beginning of year $0 · end of year $160,000

27 · Net assets without donor restrictions

beginning of year $83,054,094 · end of year $68,438,555