Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $3,198,099

• 2a · Program service revenue: EVENTS

  total $6,103,163 · related or exempt $6,103,163

• 2b · Program service revenue: ADMISSIONS

  total $2,675,379 · related or exempt $2,675,379

• 3 · Investment income

  total $104,193 · excluded $104,193

• 5 · Royalties

  total $789,522 · excluded $789,522

• 6a · Gross rents

  real property $268,900

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $268,900

• 6d · Net rental income or loss

  total $268,900 · related or exempt $268,900

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $130,329 · related or exempt $130,329

• 11e · Other revenue, total

  $130,329

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,661,869 · program services $1,043,820 · management and general $238,478 · fundraising $379,571

• 7 · Other salaries and wages

  total $1,924,106 · program services $512,113 · management and general $1,353,812 · fundraising $58,181

• 8 · Pension plan contributions

  total $62,005 · program services $26,042 · management and general $28,522 · fundraising $7,441

• 9 · Other employee benefits

  total $164,474 · program services $39,019 · management and general $121,377 · fundraising $4,078

• 10 · Payroll taxes

  total $221,819 · program services $93,163 · management and general $102,038 · fundraising $26,618

• 11b · Fees: legal

  total $102,743 · management and general $102,743

• 11c · Fees: accounting

  total $56,001 · management and general $56,001

• 11g · Fees: other

  total $3,006,766 · program services $2,691,735 · management and general $300,781 · fundraising $14,250

• 12 · Advertising and promotion

  total $433,920 · program services $343,421 · management and general $65,616 · fundraising $24,883

• 16 · Occupancy

  total $1,323,790 · program services $1,323,790

• 17 · Travel

  total $1,920,333 · program services $1,764,237 · management and general $156,096

• 20 · Interest

  total $157,445 · management and general $157,445

• 22 · Depreciation, depletion and amortization

  total $2,013,376 · program services $1,912,707 · management and general $100,669

• 23 · Insurance

  total $143,894 · program services $143,894

• 24a · Other expenses: MISCELLANEOUS EXPENSES

  total $572,360 · program services $368,123 · management and general $197,367 · fundraising $6,870

• 24b · Other expenses: COMMUNICATIONS

  total $208,358 · program services $151,821 · management and general $53,219 · fundraising $3,318

• 24c · Other expenses: SUPPLIES

  total $123,372 · program services $38,305 · management and general $83,593 · fundraising $1,474

• 24d · Other expenses: EQUIPMENT RENTAL AND MA

  total $123,305 · program services $116,610 · management and general $6,695

• 24e · All other expenses

  total $57,627 · program services $495 · management and general $51,156 · fundraising $5,976

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,113,334 · end of year $990,403

• 2 · Savings and temporary cash investments

  beginning of year $2,397,594 · end of year $790,092

• 3 · Pledges and grants receivable

  beginning of year $2,149,779 · end of year $2,130,149

• 4 · Accounts receivable

  beginning of year $2,016,968 · end of year $1,974,058

• 9 · Prepaid expenses and deferred charges

  beginning of year $251,675 · end of year $208,938

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

  $30,664,811

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

  $10,870,359

• 10c · Land, buildings and equipment, net

  beginning of year $20,910,446 · end of year $19,794,452

• 11 · Investments: publicly traded securities

  beginning of year $1,880,942 · end of year $3,429,761

• 14 · Intangible assets

  beginning of year $3,400 · end of year $1,700

• 15 · Other assets

  beginning of year $427,479 · end of year -$3,053

• 17 · Accounts payable and accrued expenses

  beginning of year $3,658,657 · end of year $3,724,608

• 19 · Deferred revenue

  beginning of year $129,055 · end of year $198,912

• 23 · Secured mortgages and notes payable

  beginning of year $2,000,000 · end of year $1,959,951

• 25 · Other liabilities

  beginning of year $2,427,791 · end of year $1,881,006

• 27 · Net assets without donor restrictions

  beginning of year $22,936,114 · end of year $21,552,023

The filer's explanations (Part III)

PART I, LINE 6

BONUSES MAY BE CONTINGENT ON ACHIEVING NET SURPLUS TARGETS.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SPRINGFIELD RIVERFRONT DEVELOPMENT CORP (SRDC) - 04-3341427

  C · REDEVELOPMENT OF THE SPRINGFIELD RIVERFRONT PROJECT · MA

  Directly controlled by NAISMITH MEMORIAL BASKETBALL HALL OF FAME