Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $440

• 1c · Fundraising events

  $671,056

• 1e · Government grants (contributions)

  $103,000

• 1f · All other contributions, gifts and grants

  $75,704,971

• 1g · Noncash contributions included above

  $4,488,024

• 2a · Program service revenue: DEVELOPMENT FEES REIMB

  total $36,763,408 · related or exempt $36,763,408

• 3 · Investment income

  total $1,012,111 · excluded $1,012,111

• 7a · Gross sales of assets other than inventory

  securities $23,909,900

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

  securities $23,879,783

• 7c · Gain or loss

  securities $30,117

• 7d · Net gain or loss

  total $30,117 · excluded $30,117

• 8a · Fundraising events: gross income

  $187,545

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

  $671,056

• 8b · Fundraising events: direct expenses

  $486,620

• 8c · Net income from fundraising events

  total -$299,075 · excluded -$299,075

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $121,618,015 · program services $121,618,015

• 3 · Grants to foreign organizations and individuals

  total $49,000 · program services $49,000

• 5 · Compensation of officers, directors and key employees

  total $3,011,783 · program services $569,728 · management and general $424,540 · fundraising $2,017,515

• 6 · Compensation of disqualified persons

  total $55,353 · fundraising $55,353

• 7 · Other salaries and wages

  total $20,113,190 · program services $897,755 · management and general $2,243,840 · fundraising $16,971,595

• 8 · Pension plan contributions

  total $1,602,596 · program services $82,027 · management and general $179,591 · fundraising $1,340,978

• 9 · Other employee benefits

  total $2,250,312 · program services $127,671 · management and general $493,376 · fundraising $1,629,265

• 10 · Payroll taxes

  total $1,408,758 · program services $82,127 · management and general $158,295 · fundraising $1,168,336

• 11b · Fees: legal

  total $9,111 · program services $8,392 · fundraising $719

• 11c · Fees: accounting

  total $216,121 · management and general $216,121

• 11e · Fees: professional fundraising services

  total $55,405 · fundraising $55,405

• 11f · Fees: investment management

  total $284,551 · management and general $284,551

• 11g · Fees: other

  total $4,254,693 · program services $700,153 · management and general $984,329 · fundraising $2,570,211

• 12 · Advertising and promotion

  total $302,889 · program services $31,416 · management and general $1,029 · fundraising $270,444

• 13 · Office expenses

  total $1,379,861 · program services $25,487 · management and general $507,966 · fundraising $846,408

• 14 · Information technology

  total $548,991 · program services $13,743 · management and general $533,209 · fundraising $2,039

• 16 · Occupancy

  total $2,160,184 · program services $107,113 · management and general $264,705 · fundraising $1,788,366

• 17 · Travel

  total $217,948 · program services $27,372 · management and general $28,739 · fundraising $161,837

• 19 · Conferences, conventions and meetings

  total $207,847 · program services $5,981 · management and general $106,051 · fundraising $95,815

• 22 · Depreciation, depletion and amortization

  total $744,365 · program services $5,457 · management and general $13,485 · fundraising $725,423

• 23 · Insurance

  total $187,011 · program services $2,745 · management and general $150,867 · fundraising $33,399

• 24a · Other expenses: PRINTING

  total $434,178 · program services $1,230 · management and general $2,897 · fundraising $430,051

• 24b · Other expenses: DONOR RELATIONS

  total $131,666 · program services $300 · management and general $215 · fundraising $131,151

• 24c · Other expenses: PUBLICATIONS & SUBSCRIP

  total $130,985 · program services $14,946 · management and general $1,195 · fundraising $114,844

• 24d · Other expenses: MEMBERSHIPS

  total $117,840 · program services $16,050 · management and general $6,431 · fundraising $95,359

• 24e · All other expenses

  total $238,410 · program services $30,155 · management and general $32,205 · fundraising $176,050

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $92,950 · end of year $51,363

• 2 · Savings and temporary cash investments

  beginning of year $50,060,664 · end of year $22,533,122

• 3 · Pledges and grants receivable

  beginning of year $173,580,238 · end of year $141,643,895

• 4 · Accounts receivable

  beginning of year $1,037,917 · end of year $927,332

• 9 · Prepaid expenses and deferred charges

  beginning of year $785,161 · end of year $1,118,336

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

  $7,450,094

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

  $2,600,575

• 10c · Land, buildings and equipment, net

  beginning of year $4,801,775 · end of year $4,849,519

• 11 · Investments: publicly traded securities

  beginning of year $24,084,646 · end of year $25,023,357

• 12 · Investments: other securities

  beginning of year $130,255,730 · end of year $136,028,412

• 15 · Other assets

  beginning of year $11,721,854 · end of year $10,315,774

• 17 · Accounts payable and accrued expenses

  beginning of year $4,986,683 · end of year $5,553,224

• 18 · Grants payable

  beginning of year $2,371,697 · end of year $2,659,719

• 19 · Deferred revenue

  beginning of year $4,378,628 · end of year $6,594,437

• 25 · Other liabilities

  beginning of year $47,280,200 · end of year $24,360,841

• 27 · Net assets without donor restrictions

  beginning of year $139,137,212 · end of year $146,813,434

• 28 · Net assets with donor restrictions

  beginning of year $198,266,515 · end of year $156,509,455

The filer's explanations (Part III)

PART I, LINE 1A

CYNTHIA BRANDT RECEIVES A HOUSING ALLOWANCE THAT IS TREATED AS TAXABLE COMPENSATION.

PART I, LINES 4A-B

LINE 4A: THE FOUNDATION MADE A SEVERANCE PAYMENT TO ONE EMPLOYEE IN THE AMOUNT OF $211,180. THE SEVERANCE AGREEMENT INCLUDED A STANDARD RELEASE OF LIABILITY. LINE 4B: THE FOUNDATION OFFERS A 457(F) PLAN FOR SELECT MEMBERS OF EXECUTIVE MANAGEMENT. DURING THE CALENDAR YEAR 2023, THE CEO, CFO, SVP INDIVIDUAL GIVING, SVP STRATEGIC COMMUNICATIONS AND VP STRATEGY & INSTITUTIONAL RELATIONS WERE ELIGIBLE FOR EMPLOYER CONTRIBUTIONS TO THE PLAN. THE AMOUNTS CONTRIBUTED TO THE PLAN BUT NOT PAID WERE CYNTHIA BRANDT: $35,234, ANDREW KAUFTEIL: $18,433 JEFF SHILLING: $24,054, AND JAMES DEASY: $18,000. KATHRYN COULBOURN RECEIVED A DISTRIBUTION OF $22,819 FROM THE PLAN. CYNTHIA BRANDT VESTED IN THE PLAN AND RECEIVED A DISTRIBUTION OF $14,508 FROM THE PLAN.

PART I, LINE 7

THE CEO, CFO, SVP STRATEGIC COMMUNICATIONS AND SVP INDIVIDUAL GIVING RECEIVE AN INCENTIVE COMPENSATION PAYMENT EQUAL TO A PERCENTAGE OF TOTAL BASE COMPENSATION. THE PERCENTAGE IS DETERMINED BASED ON THE ACHIEVEMENT OF SPECIFIC GOALS BUT IS LIMITED TO ENSURE THAT TOTAL COMPENSATION REMAINS WITHIN THE FOUNDATION'S POLICY RANGE OF THE 75TH TO 90TH PERCENTILE OF COMPENSATION AS PER SPECIFIC COMPENSATION SURVEYS. THE PERCENTAGE MAY VARY YEAR TO YEAR AS A RESULT OF THIS PROCESS. INCENTIVE COMPENSATION FOR THE CEO IS DETERMINED AND APPROVED BY THE COMPENSATION COMMITTEE. THE INCENTIVE COMPENSATION FOR THE CFO, SVP STRATEGIC COMMUNICATIONS AND SVP INDIVIDUAL GIVING IS PROPOSED BY THE CEO AND APPROVED BY THE COMPENSATION COMMITTEE.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUST (11)

  T · INVESTMENT · CA