Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $5,777,399

• 1f · All other contributions, gifts and grants

  $107,967,605

• 1g · Noncash contributions included above

  $10,176,623

• 2a · Program service revenue: ADMINISTRATIVE FEES

  total $3,158,628 · related or exempt $3,158,628

• 3 · Investment income

  total $16,635,639 · excluded $16,635,639

• 5 · Royalties

  total $267,013 · excluded $267,013

• 7a · Gross sales of assets other than inventory

  securities $183,986,064

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

  securities $161,883,432

• 7c · Gain or loss

  securities $22,102,632

• 7d · Net gain or loss

  total $22,102,632 · excluded $22,102,632

• 11d · All other revenue

  total $104,051 · excluded $104,051

• 11e · Other revenue, total

  $104,051

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $123,539,229 · program services $123,539,229

• 2 · Grants to domestic individuals

  total $1,892,870 · program services $1,892,870

• 3 · Grants to foreign organizations and individuals

  total $720,871 · program services $720,871

• 5 · Compensation of officers, directors and key employees

  total $2,128,460 · program services $1,070,205 · management and general $762,189 · fundraising $296,066

• 7 · Other salaries and wages

  total $4,556,766 · program services $2,344,803 · management and general $1,563,981 · fundraising $647,982

• 8 · Pension plan contributions

  total $125,520 · program services $64,381 · management and general $42,258 · fundraising $18,881

• 9 · Other employee benefits

  total $973,399 · program services $319,327 · management and general $568,580 · fundraising $85,492

• 10 · Payroll taxes

  total $442,733 · program services $239,535 · management and general $142,983 · fundraising $60,215

• 11b · Fees: legal

  total $20,613 · program services $9,714 · management and general $7,230 · fundraising $3,669

• 11c · Fees: accounting

  total $67,286 · program services $10,653 · management and general $56,633

• 11f · Fees: investment management

  total $1,673,641 · management and general $1,673,641

• 11g · Fees: other

  total $1,843,430 · program services $1,571,843 · management and general $271,587

• 12 · Advertising and promotion

  total $353,032 · program services $241,669 · management and general $111,363

• 13 · Office expenses

  total $659,819 · program services $228,736 · management and general $402,260 · fundraising $28,823

• 14 · Information technology

  total $112,715 · program services $82,628 · management and general $22,865 · fundraising $7,222

• 16 · Occupancy

  total $255,658 · program services $129,685 · management and general $90,135 · fundraising $35,838

• 19 · Conferences, conventions and meetings

  total $1,282,214 · program services $1,235,989 · management and general $38,264 · fundraising $7,961

• 22 · Depreciation, depletion and amortization

  total $17,468 · management and general $17,468

• 23 · Insurance

  total $145,350 · program services $74,550 · management and general $70,800

• 24a · Other expenses: DONOR AND COMMUNITY REL

  total $782,610 · program services $611,247 · management and general $78,237 · fundraising $93,126

• 24b · Other expenses: MEMBERSHIPS, SUBSCRIPTI

  total $130,632 · program services $53,487 · management and general $71,043 · fundraising $6,102

• 24c · Other expenses: PROFESSIONAL DEVELOPMEN

  total $30,631 · program services $14,349 · management and general $13,695 · fundraising $2,587

• 24e · All other expenses

  total $6,478 · program services $2,056 · management and general $1,995 · fundraising $2,427

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $817,336 · end of year $1,153,803

• 2 · Savings and temporary cash investments

  beginning of year $1,738,549 · end of year $6,330,465

• 3 · Pledges and grants receivable

  beginning of year $825,057 · end of year $4,964,312

• 4 · Accounts receivable

  beginning of year $36,986 · end of year $216,022

• 9 · Prepaid expenses and deferred charges

  beginning of year $468,216 · end of year $302,393

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

  $1,141,775

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

  $1,014,745

• 10c · Land, buildings and equipment, net

  beginning of year $32,407 · end of year $127,030

• 11 · Investments: publicly traded securities

  beginning of year $499,690,593 · end of year $546,572,521

• 12 · Investments: other securities

  beginning of year $61,420,392 · end of year $63,079,779

• 15 · Other assets

  beginning of year $188,062 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $1,630,923 · end of year $1,917,453

• 18 · Grants payable

  beginning of year $38,044,408 · end of year $53,658,111

• 19 · Deferred revenue

  beginning of year $3,484,027 · end of year $3,489,198

• 21 · Escrow or custodial account liability

  beginning of year $23,560,259 · end of year $28,943,129

• 25 · Other liabilities

  beginning of year $4,332,698 · end of year $3,725,743

• 27 · Net assets without donor restrictions

  beginning of year $424,845,354 · end of year $462,248,309

• 28 · Net assets with donor restrictions

  beginning of year $69,319,929 · end of year $68,764,382

The filer's explanations (Part III)

PART I, LINE 7

NON-FIXED COMPENSATION (BONUSES) IS PRIMARILY BASED ON INDIVIDUAL PERFORMANCE, INCLUDING ACHIEVEMENT OF GOALS AND CONTRIBUTIONS TO ORGANIZATIONAL SUCCESS. THESE PAYMENTS ARE DISCRETIONARY WITHIN THE BOARD-APPROVED OPERATING BUDGET, NOT GUARANTEED, AND APPROVED BY LEADERSHIP AS APPROPRIATE. ALL CEO COMPENSATION IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD.