Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $33,326

• 1f · All other contributions, gifts and grants

  $1,570,392

• 3 · Investment income

  total $390,019 · excluded $390,019

• 7a · Gross sales of assets other than inventory

  securities $3,316,583

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

  securities $3,060,467

• 7c · Gain or loss

  securities $256,116

• 7d · Net gain or loss

  total $256,116 · excluded $256,116

• 8a · Fundraising events: gross income

  $158,174

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

  $33,326

• 8b · Fundraising events: direct expenses

  $221,145

• 8c · Net income from fundraising events

  total -$62,971 · excluded -$62,971

• 11a · Other revenue: OTHER REVENUE

  total $1,115 · excluded $1,115

• 11e · Other revenue, total

  $1,115

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $764,000 · program services $764,000

• 2 · Grants to domestic individuals

  total $643,674 · program services $643,674

• 3 · Grants to foreign organizations and individuals

  total $413,674 · program services $413,674

• 7 · Other salaries and wages

  total $326,592 · program services $90,728 · management and general $194,333 · fundraising $41,531

• 9 · Other employee benefits

  total $85,024 · program services $25,404 · management and general $59,620

• 11b · Fees: legal

  total $1,686 · program services $1,190 · management and general $496

• 11c · Fees: accounting

  total $25,685 · management and general $25,685

• 11f · Fees: investment management

  total $30,777 · management and general $30,777

• 11g · Fees: other

  total $15,621 · program services $735 · management and general $11,039 · fundraising $3,847

• 12 · Advertising and promotion

  total $1,746 · management and general $1,199 · fundraising $547

• 13 · Office expenses

  total $1,685 · management and general $1,164 · fundraising $521

• 14 · Information technology

  total $17,142 · management and general $17,142

• 16 · Occupancy

  total $1,717 · program services $1,717

• 17 · Travel

  total $149,935 · program services $140,126 · management and general $7,960 · fundraising $1,849

• 24a · Other expenses: FOOD & BEVERAGE

  total $46,368 · program services $10,830 · management and general $13,958 · fundraising $21,580

• 24b · Other expenses: FACULTY HONORARIA

  total $32,000 · program services $32,000

• 24c · Other expenses: AUDIO & VISUAL

  total $21,882 · program services $8,392 · management and general $5,656 · fundraising $7,834

• 24d · Other expenses: TAXES & FEES

  total $6,116 · management and general $6,116

• 24e · All other expenses

  total $71,390 · program services $32,530 · management and general $29,749 · fundraising $9,111

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $441,200 · end of year $393,135

• 2 · Savings and temporary cash investments

  beginning of year $878

• 3 · Pledges and grants receivable

  beginning of year $340,495 · end of year $254,694

• 4 · Accounts receivable

  beginning of year $99,000 · end of year $128,326

• 7 · Other notes and loans receivable

  beginning of year $424,819 · end of year $2,419,682

• 9 · Prepaid expenses and deferred charges

  beginning of year $52,801 · end of year $13,861

• 11 · Investments: publicly traded securities

  beginning of year $10,526,887 · end of year $9,514,641

• 15 · Other assets

  beginning of year $406,162 · end of year $110,997

• 17 · Accounts payable and accrued expenses

  beginning of year $184,754 · end of year $244,823

• 18 · Grants payable

  beginning of year $1,257,408 · end of year $1,275,258

• 25 · Other liabilities

  beginning of year $20,996 · end of year $18,442

• 27 · Net assets without donor restrictions

  beginning of year $5,294,587 · end of year $4,820,725

• 28 · Net assets with donor restrictions

  beginning of year $5,534,497 · end of year $6,476,088

The filer's explanations (Part III)

PART I, LINE 3

THE AATS FOUNDATION HAS NO EMPLOYEES BUT ITS CHIEF EXECUTIVE OFFICER IS COMPENSATED BY ITS RELATED ORGANIZATION, AATS. THE AATS EXECUTIVE COMMITTEE MEETS ANNUALLY TO DETERMINE THE COMPENSATION OF THE CHIEF EXECUTIVE OFFICER BASED UPON A REVIEW OF PERFORMANCE COMPARED TO OBJECTIVES ESTABLISHED AT THE BEGINNING OF THE YEAR BY THE EXECUTIVE COMMITTEE, BOARD, AND THE CHIEF EXECUTIVE OFFICER. FOLLOWING THE EXECUTIVE COMMITTEE'S RECOMMENDATION, THE FULL BOARD VOTES TO APPROVE THE RECOMMENDED COMPENSATION.