Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $200,656

• 1f · All other contributions, gifts and grants

  $733,368

• 1g · Noncash contributions included above

  $500

• 2a · Program service revenue: EVENT FEES

  total $1,038,840 · related or exempt $1,038,840

• 3 · Investment income

  total $3,042 · excluded $3,042

• 10a · Gross sales of inventory

  $229,848

• 10b · Cost of goods sold

  $50,772

• 10c · Net income from sales of inventory

  total $179,076 · unrelated business $179,076

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $36,500 · program services $36,500

• 5 · Compensation of officers, directors and key employees

  total $139,789 · program services $6,859 · management and general $132,930

• 7 · Other salaries and wages

  total $325,890 · program services $16,341 · management and general $186,071 · fundraising $123,478

• 8 · Pension plan contributions

  total $2,775 · management and general $2,775

• 9 · Other employee benefits

  total $62,192 · program services $3,098 · management and general $42,603 · fundraising $16,491

• 10 · Payroll taxes

  total $28,530 · program services $1,421 · management and general $19,544 · fundraising $7,565

• 11b · Fees: legal

  total $2,972 · management and general $2,972

• 11c · Fees: accounting

  total $6,220 · management and general $6,220

• 11g · Fees: other

  total $153,433 · program services $134,475 · management and general $18,958

• 12 · Advertising and promotion

  total $12,723 · program services $8,180 · management and general $4,543

• 13 · Office expenses

  total $30,139 · management and general $30,139

• 14 · Information technology

  total $1,147 · management and general $1,147

• 16 · Occupancy

  total $33,389 · management and general $33,389

• 17 · Travel

  total $20,016 · program services $9,764 · management and general $10,252

• 19 · Conferences, conventions and meetings

  total $21,367 · program services $17,388 · management and general $3,979

• 20 · Interest

  total $2 · management and general $2

• 22 · Depreciation, depletion and amortization

  total $14,492 · management and general $14,492

• 23 · Insurance

  total $51,374 · program services $48,936 · management and general $2,438

• 24a · Other expenses: EVENT EXPENSE

  total $816,960 · program services $816,336 · management and general $624

• 24b · Other expenses: EVENT TRAFFIC CONTROL

  total $455,808 · program services $455,808

• 24c · Other expenses: LICENSES AND FEES

  total $122 · management and general $122

• 24d · Other expenses: EXCISE TAXES

  total $50 · management and general $50

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $795,281 · end of year $750,982

• 2 · Savings and temporary cash investments

  beginning of year $200,000 · end of year $773,989

• 4 · Accounts receivable

  end of year $46,401

• 7 · Other notes and loans receivable

  beginning of year $5,115 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $19,637 · end of year $19,637

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $123,123

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

  $280,426

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

  $187,484

• 10c · Land, buildings and equipment, net

  beginning of year $107,434 · end of year $92,942

• 17 · Accounts payable and accrued expenses

  beginning of year $34,460 · end of year $144,708

• 19 · Deferred revenue

  beginning of year $0 · end of year $630,267

• 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 $1,093,007 · end of year $1,032,099

The filer's explanations (Part III)

PART I, LINE 6

THE EXECUTIVE DIRECTOR'S EMPLOYMENT CONTRACT ALLOWS FOR A BONUS OF 20% OF NET PROFITS WITH A MAXIMUM TOTAL SALARY CAP OF $300,000.