Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $3,865,108

• 1f · All other contributions, gifts and grants

  $34,820,669

• 1g · Noncash contributions included above

  $17,064,273

• 2a · Program service revenue: ADMINISTERED FUND FEES

  total $1,768,602 · related or exempt $1,768,602

• 3 · Investment income

  total $18,422,913 · excluded $18,422,913

• 7a · Gross sales of assets other than inventory

  securities $306,719,599

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

  securities $275,452,406

• 7c · Gain or loss

  securities $31,267,193

• 7d · Net gain or loss

  total $31,267,193 · excluded $31,267,193

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $55,940,713 · program services $55,940,713

• 5 · Compensation of officers, directors and key employees

  total $1,527,601 · program services $427,728 · management and general $824,905 · fundraising $274,968

• 7 · Other salaries and wages

  total $2,239,036 · program services $626,930 · management and general $1,209,079 · fundraising $403,027

• 8 · Pension plan contributions

  total $51,785 · program services $14,500 · management and general $27,963 · fundraising $9,322

• 9 · Other employee benefits

  total $279,478 · program services $78,254 · management and general $150,918 · fundraising $50,306

• 10 · Payroll taxes

  total $250,778 · program services $70,218 · management and general $135,420 · fundraising $45,140

• 11b · Fees: legal

  total $66,888 · program services $18,060 · management and general $39,464 · fundraising $9,364

• 11c · Fees: accounting

  total $48,423 · management and general $41,644 · fundraising $6,779

• 11f · Fees: investment management

  total $1,215,803 · management and general $1,215,803

• 11g · Fees: other

  total $100,362 · program services $14,561 · management and general $78,251 · fundraising $7,550

• 12 · Advertising and promotion

  total $257,148 · fundraising $257,148

• 13 · Office expenses

  total $151,300 · program services $40,851 · management and general $89,267 · fundraising $21,182

• 14 · Information technology

  total $255,021 · program services $68,856 · management and general $150,462 · fundraising $35,703

• 16 · Occupancy

  total $307,124 · program services $82,923 · management and general $181,204 · fundraising $42,997

• 17 · Travel

  total $58,775 · program services $15,869 · management and general $34,677 · fundraising $8,229

• 19 · Conferences, conventions and meetings

  total $32,676 · program services $8,823 · management and general $19,278 · fundraising $4,575

• 22 · Depreciation, depletion and amortization

  total $68,836 · program services $18,586 · management and general $40,613 · fundraising $9,637

• 23 · Insurance

  total $79,691 · program services $21,517 · management and general $47,017 · fundraising $11,157

• 24a · Other expenses: DEVELOPMENT & STEWARDSH

  total $92,448 · fundraising $92,448

• 24b · Other expenses: COMMUNITY LEADERSHIP

  total $79,528 · program services $79,528

• 24c · Other expenses: MEMBERSHIPS

  total $48,881 · management and general $42,038 · fundraising $6,843

• 24d · Other expenses: CONTINUING EDUCATION

  total $5,288 · program services $1,428 · management and general $3,120 · fundraising $740

• 24e · All other expenses

  total -$2,296,065 · program services -$2,343,644 · management and general $38,455 · fundraising $9,124

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,874,929 · end of year $5,634,743

• 2 · Savings and temporary cash investments

  beginning of year $84,200,643 · end of year $154,714,051

• 3 · Pledges and grants receivable

  beginning of year $1,157,508 · end of year $2,607,508

• 4 · Accounts receivable

  beginning of year $690,160 · end of year $856,138

• 7 · Other notes and loans receivable

  beginning of year $6,386,810 · end of year $7,726,033

• 9 · Prepaid expenses and deferred charges

  beginning of year $76,499 · end of year $154,481

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

  $2,188,458

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

  $1,064,058

• 10c · Land, buildings and equipment, net

  beginning of year $252,446 · end of year $1,124,400

• 11 · Investments: publicly traded securities

  beginning of year $473,582,546 · end of year $483,847,056

• 12 · Investments: other securities

  beginning of year $69,077,220 · end of year $41,836,424

• 14 · Intangible assets

  end of year $7,867

• 15 · Other assets

  beginning of year $1,255,767 · end of year $971,324

• 17 · Accounts payable and accrued expenses

  beginning of year $363,337 · end of year $412,644

• 18 · Grants payable

  beginning of year $3,087,555 · end of year $1,079,930

• 19 · Deferred revenue

  beginning of year $35,025

• 25 · Other liabilities

  beginning of year $26,079,943 · end of year $27,123,531

• 27 · Net assets without donor restrictions

  beginning of year $300,556,472 · end of year $429,455,157

• 28 · Net assets with donor restrictions

  beginning of year $312,432,196 · end of year $241,408,763

The filer's explanations (Part III)

PART I, LINE 4A

MARY GRISSOM RECEIVED A SEVERANCE PAYMENT OF $59,800.