Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $242,288

• 3 · Investment income

  total $24,119 · excluded $24,119

• 7a · Gross sales of assets other than inventory

  securities $108,069

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

  securities $113,603

• 7c · Gain or loss

  securities -$5,534

• 7d · Net gain or loss

  total -$5,534 · excluded -$5,534

• 11a · Other revenue: CASH BACK REWARDS

  total $422 · excluded $422

• 11e · Other revenue, total

  $422

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $20,787

• 11c · Fees: accounting

  total $6,782

• 11g · Fees: other

  total $159,551

• 13 · Office expenses

  total $719

• 14 · Information technology

  total $307

• 19 · Conferences, conventions and meetings

  total $15,109

• 20 · Interest

  total $4

• 24a · Other expenses: MEMBERSHIP EXPENSE

  total $14,123

• 24b · Other expenses: PROF DEV - MEMBERS

  total $10,796

• 24c · Other expenses: COMMUNITY AND EDUCATION

  total $5,735

• 24d · Other expenses: AMERICAN EDUCATION WEEK

  total $4,146

• 24e · All other expenses

  total $6,931

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $319,870 · end of year $330,783

• 4 · Accounts receivable

  beginning of year $123,326 · end of year $3,950

• 11 · Investments: publicly traded securities

  beginning of year $995,910 · end of year $1,014,649

• 17 · Accounts payable and accrued expenses

  beginning of year $107,176

• 25 · Other liabilities

  beginning of year $580 · end of year $1,155

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $1,331,350 · end of year $1,348,227

The filer's explanations (Part III)

FORM 990, SCHEDULE J, PART II

THE PRESIDENT AND COORDINATOR ARE EMPLOYEES OF ADAMS TWELVE FIVE STAR SCHOOLS AND RECEIVE A W-2 AND BENEFITS, INCLUDING RETIREMENT AND HEALTH INSURANCE, FROM THE SCHOOL DISTRICT. THE ASSOCIATION REIMBURSES THE SCHOOL DISTRICT AT AN AGREED UPON RATE FOR THE SERVICES PROVIDED BY THE PRESIDENT AND COORDINATOR. FOR ADDITIONAL AMOUNTS PAID DIRECTLY BY THE ORGANIZATION TO THE PRESIDENT AND COORDINATOR, FORMS 1099 ARE ISSUED. AMOUNTS PAID TO THE OFFICERS DIRECTLY BY THE ORGANIZATION ARE REPORTED ON FORM 990, PART IX, LINE 5. THE TOTAL AMOUNT PAID BY THE ASSOCIATION TO THE DISTRICT FOR THE PRESIDENT AND COORDINATOR DURING FYE 8/31/22 WAS $159,551 THIS EXPENSE IS REPORTED ON FORM 990, PART IX, LINE 11G.