Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $352,360

• 2a · Program service revenue: ALUMNI PROGRAM REVENUE

  total $395,000 · related or exempt $395,000

• 3 · Investment income

  total $475,856 · excluded $475,856

• 5 · Royalties

  total $30,403 · excluded $30,403

• 6a · Gross rents

  real property $78,951

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $78,951

• 6d · Net rental income or loss

  total $78,951 · excluded $78,951

• 7a · Gross sales of assets other than inventory

  securities $1,123,948

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

  securities $1,086,465

• 7c · Gain or loss

  securities $37,483

• 7d · Net gain or loss

  total $37,483 · excluded $37,483

• 10a · Gross sales of inventory

  $169,522

• 10b · Cost of goods sold

  $21,458

• 10c · Net income from sales of inventory

  total $148,064 · related or exempt $148,064

• 11a · Other revenue: TRAVEL PROGRAM

  total $150,180 · unrelated business $150,180

• 11e · Other revenue, total

  $150,180

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $38,000 · program services $38,000

• 11c · Fees: accounting

  total $29,675 · management and general $29,675

• 11f · Fees: investment management

  total $40,791 · program services $35,061 · management and general $5,730

• 11g · Fees: other

  total $498,922 · program services $473,101 · management and general $25,809 · fundraising $12

• 12 · Advertising and promotion

  total $12,237 · program services $12,237

• 13 · Office expenses

  total $108,072 · program services $96,566 · management and general $164 · fundraising $11,342

• 17 · Travel

  total $43,730 · program services $43,730

• 19 · Conferences, conventions and meetings

  total $48,138 · program services $12,702 · management and general $32,562 · fundraising $2,874

• 22 · Depreciation, depletion and amortization

  total $12,541 · program services $12,541

• 23 · Insurance

  total $31,813 · program services $26,897 · management and general $4,916

• 24a · Other expenses: UNRELATED BUSINESS INCO

  total $36,371 · program services $25,809 · management and general $10,562

• 24b · Other expenses: ALUMNI EVENT EXPENSE

  total $448,242 · program services $437,365 · management and general $10,877

• 24c · Other expenses: AWARDS

  total $64,128 · program services $62,919 · management and general $1,209

• 24d · Other expenses: SERVICE EXPENSES

  total $23,383 · program services $23,383

• 24e · All other expenses

  total $30,959 · program services $30,959

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $530,720 · end of year $292,351

• 2 · Savings and temporary cash investments

  beginning of year $308 · end of year $308

• 3 · Pledges and grants receivable

  beginning of year $25,687 · end of year $88,853

• 4 · Accounts receivable

  beginning of year $114,580 · end of year $281,635

• 8 · Inventories for sale or use

  beginning of year $23,417 · end of year $18,981

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,700 · end of year $0

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

  $795,389

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

  $705,444

• 10c · Land, buildings and equipment, net

  beginning of year $102,486 · end of year $89,945

• 11 · Investments: publicly traded securities

  beginning of year $11,535,650 · end of year $12,939,586

• 12 · Investments: other securities

  beginning of year $6,243,157 · end of year $6,531,291

• 17 · Accounts payable and accrued expenses

  beginning of year $87,801 · end of year $175,281

• 19 · Deferred revenue

  beginning of year $77,927 · end of year $36,092

• 25 · Other liabilities

  beginning of year $13,278 · end of year $4,970

• 27 · Net assets without donor restrictions

  beginning of year $13,140,387 · end of year $14,500,016

• 28 · Net assets with donor restrictions

  beginning of year $5,265,312 · end of year $5,526,591

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART I

THE ASSOCIATION DOES NOT HAVE COMPENSATION AND EMPLOYEE BENEFIT PRACTICES FOR DISCLOSURE IN PART I AS THEY DO NOT DIRECTLY EMPLOY INDIVIDUALS. ALL EMPLOYEES ARE COMPENSATED BY WILLIAM & MARY FOR THE SERVICES THEY PROVIDE TO THE ASSOCIATION. THE ASSOCIATION THEN REIMBURSES WILLIAM & MARY IN PART FOR THE COMPENSATION AND EMPLOYEE BENEFIT COSTS.