Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $106,543

• 1f · All other contributions, gifts and grants

  $566,875

• 2a · Program service revenue: Scholarship Fee Income

  total $14,397 · related or exempt $14,397

• 3 · Investment income

  total $145,920 · excluded $145,920

• 7a · Gross sales of assets other than inventory

  securities $11,669

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

  securities $12,087

• 7c · Gain or loss

  securities -$418

• 7d · Net gain or loss

  total -$418 · excluded -$418

• 10a · Gross sales of inventory

  $25

• 10b · Cost of goods sold

  $10

• 10c · Net income from sales of inventory

  total $15 · excluded $15

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $371,990 · program services $371,990

• 11c · Fees: accounting

  total $30,000 · management and general $30,000

• 11f · Fees: investment management

  total $14,406 · management and general $14,406

• 11g · Fees: other

  total $113,000 · program services $108,000 · fundraising $5,000

• 12 · Advertising and promotion

  total $34,686 · program services $25,099 · management and general $6,600 · fundraising $2,987

• 13 · Office expenses

  total $3,698 · management and general $1,868 · fundraising $1,830

• 14 · Information technology

  total $42,136 · program services $30,407 · management and general $2,259 · fundraising $9,470

• 16 · Occupancy

  total $15,300 · management and general $15,300

• 17 · Travel

  total $3,089 · management and general $2,021 · fundraising $1,068

• 19 · Conferences, conventions and meetings

  total $5,035 · fundraising $5,035

• 24a · Other expenses: Shared Corporate Svcs.

  total $265,220 · program services $74,792 · management and general $117,758 · fundraising $72,670

• 24b · Other expenses: Scholarship Fees

  total $14,397 · program services $14,397

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $351,627 · end of year $411,168

• 2 · Savings and temporary cash investments

  beginning of year $193 · end of year $0

• 4 · Accounts receivable

  beginning of year $3,737 · end of year $22,914

• 8 · Inventories for sale or use

  beginning of year $96 · end of year $86

• 9 · Prepaid expenses and deferred charges

  beginning of year $14,077 · end of year $13,423

• 11 · Investments: publicly traded securities

  beginning of year $6,798,138 · end of year $6,407,737

• 17 · Accounts payable and accrued expenses

  beginning of year $3,145 · end of year $61,550

• 25 · Other liabilities

  beginning of year $14,046 · end of year $133,941

• 27 · Net assets without donor restrictions

  beginning of year $2,886,053 · end of year $2,192,922

• 28 · Net assets with donor restrictions

  beginning of year $4,264,624 · end of year $4,466,915

The filer's explanations (Part III)

Part I, Line 3

The Executive Committee engaged an independent consultant to review salary surveys and develop a composite matrix for the CEO position. With this data, the Executive Committee has determined a salary for the position.

Part I, Line 7

Subject to meeting staff KPI and performance expectations of the Board, the CEO is eligible for a discretionary annual bonus as determined by the Board. All other ASSP staff are eligible for discretionary bonuses based on approval by ASSP's Board of Directors. The Board approves an overall staff bonus pool, which is then distributed to ASSP staff based on annual performance reviews.