Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $329,155

• 1e · Government grants (contributions)

  $2,248,931

• 1f · All other contributions, gifts and grants

  $14,541,510

• 1g · Noncash contributions included above

  $75,590

• 2a · Program service revenue: INTEREST ON LENDING ACTIVITIES

  total $336,805 · related or exempt $336,805

• 2b · Program service revenue: FEES AND REIMBURSEMENTS

  total $298,432 · related or exempt $298,432

• 3 · Investment income

  total $817,980 · excluded $817,980

• 6a · Gross rents

  real property $3,675

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $3,675

• 6d · Net rental income or loss

  total $3,675 · related or exempt $3,675

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $339,676 · program services $339,676

• 2 · Grants to domestic individuals

  total $326,150 · program services $326,150

• 5 · Compensation of officers, directors and key employees

  total $502,445 · management and general $502,445

• 7 · Other salaries and wages

  total $5,202,924 · program services $4,902,773 · management and general $157,944 · fundraising $142,207

• 8 · Pension plan contributions

  total $285,490 · program services $271,596 · management and general $6,016 · fundraising $7,878

• 9 · Other employee benefits

  total $1,211,498 · program services $1,031,874 · management and general $145,744 · fundraising $33,880

• 10 · Payroll taxes

  total $450,845 · program services $394,371 · management and general $45,681 · fundraising $10,793

• 11b · Fees: legal

  total $34,051 · program services $21,162 · management and general $12,889

• 11c · Fees: accounting

  total $47,058 · management and general $47,058

• 11d · Fees: lobbying

  total $95,112 · program services $93,612 · management and general $1,500

• 11f · Fees: investment management

  total $7,770 · management and general $7,770

• 11g · Fees: other

  total $1,100,434 · program services $929,718 · management and general $167,605 · fundraising $3,111

• 16 · Occupancy

  total $174,085 · program services $166,634 · management and general $7,451

• 17 · Travel

  total $242,296 · program services $223,986 · management and general $14,450 · fundraising $3,860

• 19 · Conferences, conventions and meetings

  total $316,866 · program services $299,488 · management and general $15,468 · fundraising $1,910

• 20 · Interest

  total $19,870 · program services $19,870

• 23 · Insurance

  total $56,701 · program services $51,797 · management and general $4,904

• 24a · Other expenses: PARTICIPANT SUPPORT COS

  total $691,980 · program services $691,980 · management and general $0 · fundraising $0

• 24b · Other expenses: PUBLICATION AND SUBSCRI

  total $216,582 · program services $157,479 · management and general $52,886 · fundraising $6,217

• 24c · Other expenses: FUNDS TO RELATED PARTIE

  total $161,578 · program services $158,130 · management and general $3,448 · fundraising $0

• 24d · Other expenses: SUBCONTRACT

  total $138,527 · program services $138,527

• 24e · All other expenses

  total $218,433 · program services $1,497,779 · management and general -$1,169,317 · fundraising -$110,029

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $9,390,261 · end of year $12,758,924

• 3 · Pledges and grants receivable

  beginning of year $2,672,377 · end of year $1,813,973

• 4 · Accounts receivable

  beginning of year $3,500 · end of year $16,349

• 7 · Other notes and loans receivable

  beginning of year $4,365,059 · end of year $8,331,055

• 9 · Prepaid expenses and deferred charges

  beginning of year $56,983 · end of year $155,983

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

  $186,240

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

  $142,034

• 10c · Land, buildings and equipment, net

  beginning of year $53,441 · end of year $44,206

• 11 · Investments: publicly traded securities

  beginning of year $1,195,799 · end of year $1,287,076

• 15 · Other assets

  beginning of year $2,301,007 · end of year $13,785,166

• 17 · Accounts payable and accrued expenses

  beginning of year $818,138 · end of year $704,057

• 23 · Secured mortgages and notes payable

  end of year $10,019,870

• 25 · Other liabilities

  beginning of year $1,804,870 · end of year $3,298,770

• 27 · Net assets without donor restrictions

  beginning of year $8,611,465 · end of year $11,927,879

• 28 · Net assets with donor restrictions

  beginning of year $8,803,954 · end of year $12,242,156

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE DIRECTOR'S COMPENSATION IS SET ANNUALLY BY THE CENTER FOR RURAL AFFAIRS' BOARD OF DIRECTORS AND IS BASED ON PERFORMANCE AND COMPARABLES WITHIN THE NONPROFIT INDUSTRY.