Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,113,474

• 1e · Government grants (contributions)

  $1,419,603

• 1f · All other contributions, gifts and grants

  $14,461,399

• 1g · Noncash contributions included above

  $2,576,396

• 2a · Program service revenue: ADMIN FEES

  total $195,734 · related or exempt $195,734

• 3 · Investment income

  total $882,864 · excluded $882,864

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $184,475

• 6b · Less rental expenses

  real property $285,266

• 6c · Rental income or loss

  real property -$100,791 · personal property $0

• 6d · Net rental income or loss

  total -$100,791 · unrelated business -$67,888 · excluded -$32,903

• 7a · Gross sales of assets other than inventory

  securities $12,272,385

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

  securities $10,001,574

• 7c · Gain or loss

  securities $2,270,811

• 7d · Net gain or loss

  total $2,270,811 · excluded $2,270,811

• 8a · Fundraising events: gross income

  $628,756

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

  $1,113,474

• 8b · Fundraising events: direct expenses

  $667,002

• 8c · Net income from fundraising events

  total -$38,246 · excluded -$38,246

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $45,651

• 11e · Other revenue, total

  $45,651

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $6,653,882 · program services $6,653,882

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $4,086,216 · program services $4,086,216

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $748,740 · program services $277,209 · management and general $383,901 · fundraising $87,630

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $2,977,965 · program services $1,171,143 · management and general $267,988 · fundraising $1,538,834

• 8 · Pension plan contributions

  total $6,562 · program services $258 · management and general $0 · fundraising $6,304

• 9 · Other employee benefits

  total $308,435 · program services $112,827 · management and general $37,860 · fundraising $157,748

• 10 · Payroll taxes

  total $315,192 · program services $122,974 · management and general $52,497 · fundraising $139,721

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $4,219 · management and general $4,219

• 11c · Fees: accounting

  total $100,440 · management and general $100,440

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $411,467 · program services $284,564 · management and general $75,109 · fundraising $51,794

• 12 · Advertising and promotion

  total $188,567 · program services $101,307 · fundraising $87,260

• 13 · Office expenses

  total $245,702 · program services $53,164 · management and general $92,072 · fundraising $100,466

• 14 · Information technology

  total $161,334 · program services $62,265 · management and general $27,601 · fundraising $71,468

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $188,038 · program services $71,793 · management and general $32,386 · fundraising $83,859

• 17 · Travel

  total $133,139 · program services $32,498 · management and general $6,709 · fundraising $93,932

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $48,211 · program services $7,400 · management and general $2,721 · fundraising $38,090

• 20 · Interest

  total $91,157 · program services $35,181 · management and general $15,595 · fundraising $40,381

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $136,444 · program services $52,658 · management and general $23,343 · fundraising $60,443

• 23 · Insurance

  total $100,919 · program services $35,688 · management and general $18,174 · fundraising $47,057

• 24a · Other expenses: MISSION EXPENSES

  total $261,216 · program services $261,216

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $1,248,926 · end of year $615,377

• 3 · Pledges and grants receivable

  beginning of year $3,792,927 · end of year $4,639,758

• 4 · Accounts receivable

  beginning of year $212,426 · end of year $189,797

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $213,121 · end of year $19,000

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $196,645 · end of year $20,455

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

  $8,979,463

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

  $3,245,078

• 10c · Land, buildings and equipment, net

  beginning of year $5,852,530 · end of year $5,734,385

• 11 · Investments: publicly traded securities

  beginning of year $48,325,773 · end of year $58,943,967

• 12 · Investments: other securities

  beginning of year $20,491,704 · end of year $19,810,420

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $20,001 · end of year $7,369

• 15 · Other assets

  beginning of year $8,610 · end of year $73,976

• 17 · Accounts payable and accrued expenses

  beginning of year $1,813,668 · end of year $447,356

• 18 · Grants payable

  beginning of year $5,085,616 · end of year $6,212,933

• 19 · Deferred revenue

  beginning of year $0 · end of year $116,160

• 20 · Tax-exempt bond liabilities

  beginning of year $3,600,000 · end of year $3,600,000

• 21 · Escrow or custodial account liability

  beginning of year $21,743,367 · end of year $24,843,636

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $486,753 · end of year $446,393

• 27 · Net assets without donor restrictions

  beginning of year $24,041,292 · end of year $25,819,509

• 28 · Net assets with donor restrictions

  beginning of year $23,591,967 · end of year $28,568,517

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3

COMPENSATION AND BENEFITS OF THE ORGANIZATION'S SENIOR MANAGEMENT. A REVIEW OF THE "TOTAL COMPENSATION" FOR EACH INDIVIDUAL IS MADE BY THE SALARIES AND PERSONNEL PRACTICES COMMITTEE OF THE BOARD OF TRUSTEES, WHICH IS INTENDED TO INCLUDE BOTH CURRENT AND DEFERRED COMPENSATION AND ALL EMPLOYEE BENEFITS, BOTH QUALIFIED AND NON-QUALIFIED. THE REVIEW IS DONE ON AT LEAST AN ANNUAL BASIS AND ENSURES THAT THE "TOTAL COMPENSATION" OF SENIOR MANAGEMENT OF THE ORGANIZATION IS REASONABLE. THE ACTIONS TAKEN BY THE COMMITTEE ENABLE THE ORGANIZATION TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS FOR PURPOSES OF INTERNAL REVENUE CODE SECTION 4958 WITH RESPECT TO THE TOTAL COMPENSATION OF CERTAIN MEMBERS OF THE SENIOR MANAGEMENT TEAM. THE THREE FACTORS WHICH MUST BE SATISFIED IN ORDER TO RECEIVE THE REBUTTABLE PRESUMPTION OF REASONABLENESS ARE THE FOLLOWING: 1. THE COMPENSATION ARRANGEMENT IS APPROVED IN ADVANCE BY AN "AUTHORIZED BODY" OF THE APPLICABLE TAX-EXEMPT ORGANIZATION WHICH IS COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE A "CONFLICT OF INTEREST" WITH RESPECT TO THE COMPENSATION ARRANGEMENT; 2. THE AUTHORIZED BODY OBTAINED AND RELIED UPON "APPROPRIATE DATA AS TO COMPARABILITY" PRIOR TO MAKING ITS DETERMINATION; AND 3. THE AUTHORIZED BODY "ADEQUATELY DOCUMENTED THE BASIS FOR ITS DETERMINATION" CONCURRENTLY WITH MAKING THAT DETERMINATION THE MEMBERS OF THE BOARD OF TRUSTEES EACH ARE INDEPENDENT AND ARE FREE FROM ANY CONFLICTS OF INTEREST. THE COMMITTEE ADEQUATELY DOCUMENTED ITS BASIS FOR ITS DETERMINATION THROUGH THE TIMELY PREPARATION OF WRITTEN MINUTES OF THE MEETINGS DURING WHICH THE EXECUTIVE COMPENSATION AND BENEFITS WAS REVIEWED AND SUBSEQUENTLY APPROVED. THE ACTIONS OUTLINED ABOVE WITH RESPECT TO THE BOARD AND THE ESTABLISHMENT OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS ONLY APPLIES TO ALL SENIOR MANAGEMENT PERSONNEL.

SCHEDULE J, PART I, LINE 4

EMPLOYER CONTRIBUTION TO 457B PLAN WAS $23,438 FOR THE YEAR ENDING JUNE 30, 2024.