Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $12,742,057

• 1g · Noncash contributions included above

  $130,239

• 2a · Program service revenue: ADMISSIONS

  total $52,777 · related or exempt $52,777

• 2b · Program service revenue: BOOKS

  total $378 · related or exempt $378

• 3 · Investment income

  total $1,401,764 · excluded $1,401,764

• 7a · Gross sales of assets other than inventory

  securities $25,732,214

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

  securities $27,665,839 · other assets $1,353

• 7c · Gain or loss

  securities -$1,933,625 · other assets -$1,353

• 7d · Net gain or loss

  total -$1,934,978 · excluded -$1,934,978

• 11a · Other revenue: UBTI

  total $9,329 · unrelated business $9,329

• 11e · Other revenue, total

  $9,329

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,269,577 · program services $10,269,577

• 2 · Grants to domestic individuals

  total $193,328 · program services $193,328

• 5 · Compensation of officers, directors and key employees

  total $605,952 · program services $192,272 · management and general $118,313 · fundraising $295,367

• 7 · Other salaries and wages

  total $1,605,209 · program services $515,139 · management and general $315,326 · fundraising $774,744

• 8 · Pension plan contributions

  total $113,817 · program services $31,766 · management and general $20,793 · fundraising $61,258

• 9 · Other employee benefits

  total $204,086 · program services $56,960 · management and general $37,284 · fundraising $109,842

• 10 · Payroll taxes

  total $152,940 · program services $42,686 · management and general $27,940 · fundraising $82,314

• 11b · Fees: legal

  total $5,220 · program services $3,859 · management and general $1,361

• 11c · Fees: accounting

  total $64,100 · program services $47,384 · management and general $16,716

• 11f · Fees: investment management

  total $97,591 · management and general $97,591

• 11g · Fees: other

  total $255,433 · program services $189,002 · management and general $66,431

• 12 · Advertising and promotion

  total $347,262 · program services $229,687 · management and general $79,274 · fundraising $38,301

• 13 · Office expenses

  total $84,417 · program services $11,645 · management and general $19,845 · fundraising $52,927

• 14 · Information technology

  total $104,705 · program services $6,185 · management and general $26,363 · fundraising $72,157

• 16 · Occupancy

  total $147,283 · program services $35,126 · management and general $34,065 · fundraising $78,092

• 19 · Conferences, conventions and meetings

  total $55,691 · program services $8,886 · management and general $26,601 · fundraising $20,204

• 20 · Interest

  total $75,649 · management and general $75,649

• 22 · Depreciation, depletion and amortization

  total $186,138 · management and general $186,138

• 23 · Insurance

  total $20,528 · management and general $20,528

• 24a · Other expenses: ARTS EVENTS AND WORKSHO

  total $253,992 · program services $168,637 · management and general $1,728 · fundraising $83,627

• 24b · Other expenses: EQUIPMENT RENTAL AND MA

  total $131,680 · program services $16,684 · management and general $20,179 · fundraising $94,817

• 24c · Other expenses: PERSONNEL SEARCH COSTS

  total $47,987 · program services $7,911 · management and general $13,158 · fundraising $26,918

• 24d · Other expenses: COLLATERAL

  total $35,861 · program services $5,912 · management and general $9,833 · fundraising $20,116

• 24e · All other expenses

  total $154,699 · program services $28,278 · management and general $39,759 · fundraising $86,662

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,541,564 · end of year $4,965,024

• 3 · Pledges and grants receivable

  beginning of year $3,831,359 · end of year $3,726,634

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

  $1,888,835

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

  $206,434

• 10c · Land, buildings and equipment, net

  beginning of year $1,265,364 · end of year $1,682,401

• 11 · Investments: publicly traded securities

  beginning of year $74,940,115 · end of year $77,730,009

• 12 · Investments: other securities

  beginning of year $32,886,278 · end of year $33,834,850

• 15 · Other assets

  beginning of year $5,002,490 · end of year $4,966,842

• 17 · Accounts payable and accrued expenses

  beginning of year $605,506 · end of year $159,998

• 21 · Escrow or custodial account liability

  beginning of year $42,621,169 · end of year $43,720,802

• 23 · Secured mortgages and notes payable

  beginning of year $579,493 · end of year $1,714,318

• 25 · Other liabilities

  beginning of year $10,771,386 · end of year $11,031,861

• 27 · Net assets without donor restrictions

  beginning of year $18,302,752 · end of year $18,463,640

• 28 · Net assets with donor restrictions

  beginning of year $49,586,864 · end of year $51,815,141

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PAYS FOR DUES FOR THE PRESIDENT & CEO AT THE METROPOLITAN AND QUEEN CITY CLUBS. THE ORGANIZATION UTILIZES THE MEMBERSHIP FOR OFFICIAL FUNCTIONS.