Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $4,994,787

• 1g · Noncash contributions included above

  $233,562

• 3 · Investment income

  total $456,456 · excluded $456,456

• 6a · Gross rents

  real property $72,228

• 6b · Less rental expenses

  real property $180,540

• 6c · Rental income or loss

  real property -$108,312

• 6d · Net rental income or loss

  total -$108,312 · unrelated business -$4,141 · excluded -$104,171

• 7a · Gross sales of assets other than inventory

  securities $8,598,318

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

  securities $9,341,494

• 7c · Gain or loss

  securities -$743,176

• 7d · Net gain or loss

  total -$743,176 · excluded -$743,176

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $3,894 · excluded $3,894

• 11e · Other revenue, total

  $3,894

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $313,571 · program services $229,809 · management and general $28,171 · fundraising $55,591

• 7 · Other salaries and wages

  total $2,928,733 · program services $2,277,151 · management and general $158,821 · fundraising $492,761

• 8 · Pension plan contributions

  total $227,862 · program services $167,681 · management and general $16,054 · fundraising $44,127

• 9 · Other employee benefits

  total $440,694 · program services $324,275 · management and general $31,215 · fundraising $85,204

• 10 · Payroll taxes

  total $55,264 · program services $40,658 · management and general $3,959 · fundraising $10,647

• 11b · Fees: legal

  total $8,510 · management and general $8,510

• 11c · Fees: accounting

  total $56,981 · management and general $56,981

• 11f · Fees: investment management

  total $137,760 · management and general $137,760

• 11g · Fees: other

  total $447,021 · program services $301,962 · management and general $18,424 · fundraising $126,635

• 12 · Advertising and promotion

  total $108,778 · program services $68,030 · management and general $22,967 · fundraising $17,781

• 13 · Office expenses

  total $515,393 · program services $293,224 · management and general $38,015 · fundraising $184,154

• 14 · Information technology

  total $220,209 · program services $153,504 · management and general $17,156 · fundraising $49,549

• 16 · Occupancy

  total $50,150 · program services $33,823 · management and general $8,668 · fundraising $7,659

• 17 · Travel

  total $130,276 · program services $121,570 · management and general $1,378 · fundraising $7,328

• 19 · Conferences, conventions and meetings

  total $585,054 · program services $545,956 · management and general $6,189 · fundraising $32,909

• 22 · Depreciation, depletion and amortization

  total $365,712 · management and general $365,712

• 23 · Insurance

  total $5,853 · program services $3,603 · management and general $1,434 · fundraising $816

• 24a · Other expenses: REPAIRS & MAINTENANCE

  total $134,985 · program services $83,087 · management and general $33,082 · fundraising $18,816

• 24b · Other expenses: STAFF TRAINING

  total $42,183 · program services $39,364 · management and general $446 · fundraising $2,373

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $974,379 · end of year $728,890

• 2 · Savings and temporary cash investments

  beginning of year $643,194 · end of year $323,942

• 3 · Pledges and grants receivable

  beginning of year $493,765 · end of year $313,361

• 9 · Prepaid expenses and deferred charges

  beginning of year $106,316 · end of year $92,083

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

  $11,586,658

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

  $5,473,829

• 10c · Land, buildings and equipment, net

  beginning of year $6,492,500 · end of year $6,112,829

• 11 · Investments: publicly traded securities

  beginning of year $21,796,432 · end of year $21,216,069

• 12 · Investments: other securities

  beginning of year -$34,127 · end of year $3,267,972

• 15 · Other assets

  beginning of year $3,602,013 · end of year $5,356,477

• 17 · Accounts payable and accrued expenses

  beginning of year $188,012 · end of year $260,063

• 23 · Secured mortgages and notes payable

  beginning of year $119,782 · end of year $77,782

• 25 · Other liabilities

  beginning of year $2,591,605 · end of year $3,214,913

• 27 · Net assets without donor restrictions

  beginning of year $18,937,001 · end of year $19,747,342

• 28 · Net assets with donor restrictions

  beginning of year $12,238,072 · end of year $14,111,523

The filer's explanations (Part III)

PART I, LINE 3

THE EDUCATION FUND DOES NOT DIRECTLY HIRE OR COMPENSATE EMPLOYEES. ALL EMPLOYEES ARE EMPLOYEES OF THE FRIENDS COMMITTEE ON NATIONAL LEGISLATION (FCNL), A RELATED ORGANIZATION EXEMPT UNDER SECTION 501(C)(4). WHEN HIRING THE GENERAL SECRETARY AND THEREAFTER FOR AT LEAST EVERY FIVE YEARS, THE FCNL EXECUTIVE COMMITTEE WILL PERFORM A THOROUGH REVIEW TO DETERMINE SUITABLE COMPENSATION. THE PROCESS IS TO INCLUDE A REVIEW OF COMPARABILITY DATA BY THE EXECUTIVE COMMITTEE. COMPARABILITY DATA MAY INCLUDE COMPENSATION SURVEYS AND 990S OF SIMILAR ORGANIZATIONS.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• 205 C STREET NE LLC

  HOLDING CORP · DC · income $72,228 · assets $3,237,690

  Directly controlled by FCNL EDUCATION FUND