Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $108,802

• 1f · All other contributions, gifts and grants

  $386,489

• 3 · Investment income

  total $235,470 · excluded $235,470

• 7a · Gross sales of assets other than inventory

  securities $1,393,005

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

  securities $1,470,634

• 7c · Gain or loss

  securities -$77,629

• 7d · Net gain or loss

  total -$77,629 · excluded -$77,629

• 8a · Fundraising events: gross income

  $0

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

  $108,802

• 8b · Fundraising events: direct expenses

  $43,247

• 8c · Net income from fundraising events

  total -$43,247 · excluded -$43,247

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $870,385 · management and general $639,662 · fundraising $230,723

• 9 · Other employee benefits

  total $11,534 · management and general $1,768 · fundraising $9,766

• 10 · Payroll taxes

  total $71,633 · management and general $14,327 · fundraising $57,306

• 11c · Fees: accounting

  total $1,777 · management and general $1,777

• 11g · Fees: other

  total $9,366 · management and general $9,366

• 13 · Office expenses

  total $7,175 · management and general $7,175

• 14 · Information technology

  total $6,326 · management and general $6,326

• 20 · Interest

  total $47 · management and general $7 · fundraising $40

• 22 · Depreciation, depletion and amortization

  total $1,965 · management and general $295 · fundraising $1,670

• 23 · Insurance

  total $3,562 · management and general $534 · fundraising $3,028

• 24a · Other expenses: PRIOR YEAR EXPENSE ADJU

  total $20,559 · management and general $3,084 · fundraising $17,475

• 24b · Other expenses: BANK CHARGES

  total $4,197 · management and general $4,197

• 24e · All other expenses

  total $209 · management and general $209

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $713,070 · end of year $567,397

• 2 · Savings and temporary cash investments

  beginning of year $28,171 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $240,334 · end of year $322,100

• 4 · Accounts receivable

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,519 · end of year $6,811

• 11 · Investments: publicly traded securities

  beginning of year $5,450,830 · end of year $4,838,121

• 15 · Other assets

  beginning of year $48,755 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $32,913 · end of year $53,079

• 25 · Other liabilities

  beginning of year $0 · end of year $596,190

• 27 · Net assets without donor restrictions

  beginning of year $5,291,950 · end of year $3,769,023

• 28 · Net assets with donor restrictions

  beginning of year $1,158,816 · end of year $1,316,137

The filer's explanations (Part III)

PART I, LINE 3

THE CEO IS PAID FROM A RELATED ORGANIZATION. PRIOR TO MAJOR SALARY ADJUSTMENTS FOR THE CEO, THE ORGANIZATION'S BOARD OF DIRECTORS COMPENSATION COMMITTEE ARRANGES FOR A SALARY STUDY TO BE PERFORMED. THE STUDY INCLUDES THE EXECUTIVE SALARIES OF COMPARABLY-SIZED COMPANIES IN THE INDUSTRY. THE BOARD OF DIRECTORS THEN CONSIDERS THE FINDINGS OF THE STUDY IN SETTING THE CEO'S COMPENSATION. 2022 WAS THE MOST RECENT YEAR IN WHICH THE PROCESS INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION. SOME OFFICERS AND KEY EMPLOYEES ARE PAID FROM A RELATED ORGANIZATION. COMPENSATION FOR KEY EMPLOYEES IS DETERMINED THROUGH THE USE OF SALARY STUDIES OR OTHER DATA AND ADJUSTED BASED ON THE EMPLOYEE'S YEARS OF EXPERIENCE AND RESPONSIBILITIES BY A RELATED ORGANIZATION'S BOARD OF DIRECTORS COMPENSATION COMMITTEE AND THE ORGANIZATION'S BOARD OF DIRECTORS COMPENSATION COMMITTEE. 2022 WAS THE MOST RECENT YEAR IN WHICH THE PROCESS INCLUDED REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION.