Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $9,935,511

• 1d · Related organizations

  $1,526,004

• 1f · All other contributions, gifts and grants

  $1,428,438

• 1g · Noncash contributions included above

  $1,175,210

• 3 · Investment income

  total $448,029 · excluded $448,029

• 7a · Gross sales of assets other than inventory

  securities $485,733

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

  securities $482,818

• 7c · Gain or loss

  securities $2,915

• 7d · Net gain or loss

  total $2,915 · excluded $2,915

• 8a · Fundraising events: gross income

  $172,400

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

  $9,935,511

• 8b · Fundraising events: direct expenses

  $2,643,840

• 8c · Net income from fundraising events

  total -$2,471,440 · excluded -$2,471,440

• 11a · Other revenue: OTHER INCOME

  total $9,245 · excluded $9,245

• 11e · Other revenue, total

  $9,245

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,894,466 · program services $5,894,466

• 5 · Compensation of officers, directors and key employees

  total $362,408 · program services $271,806 · fundraising $90,602

• 7 · Other salaries and wages

  total $579,200 · program services $197,053 · management and general $199,282 · fundraising $182,865

• 8 · Pension plan contributions

  total $14,118 · program services $4,152 · management and general $6,678 · fundraising $3,288

• 9 · Other employee benefits

  total $85,574 · program services $33,828 · management and general $28,637 · fundraising $23,109

• 10 · Payroll taxes

  total $45,240 · program services $15,614 · management and general $15,090 · fundraising $14,536

• 11a · Fees: management

  total $34,723 · program services $10,223 · management and general $24,500

• 11b · Fees: legal

  total $7,803 · management and general $7,803

• 11c · Fees: accounting

  total $15,542 · program services $6,077 · management and general $4,968 · fundraising $4,497

• 11g · Fees: other

  total $68,178 · program services $52,094 · management and general $200 · fundraising $15,884

• 12 · Advertising and promotion

  total $117,304 · program services $55,757 · management and general $24,675 · fundraising $36,872

• 13 · Office expenses

  total $101,518 · program services $61,575 · management and general $17,254 · fundraising $22,689

• 14 · Information technology

  total $225,036 · program services $130,035 · management and general $87,575 · fundraising $7,426

• 16 · Occupancy

  total $111,975 · program services $55,961 · management and general $28,017 · fundraising $27,997

• 17 · Travel

  total $159,481 · program services $110,528 · management and general $11,305 · fundraising $37,648

• 22 · Depreciation, depletion and amortization

  total $8,371 · management and general $8,371

• 23 · Insurance

  total $7,836 · program services $1,650 · management and general $5,255 · fundraising $931

• 24a · Other expenses: BANK CHARGES

  total $34,424 · program services $1,818 · management and general $32,606 · fundraising $0

• 24b · Other expenses: PROFESSIONAL DEVELOPMEN

  total $3,230 · program services $8 · management and general $3,030 · fundraising $192

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $847,382 · end of year $526,235

• 2 · Savings and temporary cash investments

  beginning of year $7,549,527 · end of year $4,991,511

• 4 · Accounts receivable

  beginning of year $241 · end of year $788,484

• 9 · Prepaid expenses and deferred charges

  beginning of year $183,375 · end of year $444,065

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

  $50,239

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

  $10,688

• 10c · Land, buildings and equipment, net

  beginning of year $23,805 · end of year $39,551

• 11 · Investments: publicly traded securities

  end of year $5,647,301

• 17 · Accounts payable and accrued expenses

  beginning of year $230,521 · end of year $1,061,043

• 27 · Net assets without donor restrictions

  beginning of year $5,744,606 · end of year $9,940,025

• 28 · Net assets with donor restrictions

  beginning of year $2,629,203 · end of year $1,436,079

The filer's explanations (Part III)

PART I, LINE 1B

DAVID NASSAR, AN ORDAINED MINISTER, RECEIVES A FIXED HOUSING ALLOWANCE AS PART OF THE OVERALL COMPENSATION PACKAGE PROVIDED TO HIM AT THE TIME OF HIS EMPLOYMENT AS THE PRESIDENT OF THE ORGANIZATION. THE BOARD OF DIRECTORS VOTED ON AND APPROVED THE FIXED HOUSING ALLOWANCE PRIOR TO HIS EMPLOYMENT, AND PRIOR TO MAKING ANY PAYMENTS ON BEHALF OF OR AS REIMBURSEMENT TO MR. NASSAR FOR HOUSING EXPENSES INCURRED.

PART I, LINE 3

COMPENSATION FOR THE ORGANIZATION'S COMPENSATED OFFICERS IS REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS BASED UPON COMPARABILITY ANALYSIS AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION.