Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $299,338

• 1e · Government grants (contributions)

  $3,448,583

• 1f · All other contributions, gifts and grants

  $3,810,166

• 2a · Program service revenue: Interest From PRI

  total $1,811,113 · related or exempt $1,811,113

• 2b · Program service revenue: Client Service Revenue

  total $62,674 · related or exempt $62,674

• 2f · All other program service revenue

  total $18,285 · related or exempt $18,285

• 3 · Investment income

  total $5,153 · excluded $5,153

• 8a · Fundraising events: gross income

  $143,400

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

  $299,338

• 8b · Fundraising events: direct expenses

  $307,614

• 8c · Net income from fundraising events

  total -$164,214 · excluded -$164,214

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $367,240 · program services $367,240

• 5 · Compensation of officers, directors and key employees

  total $798,164 · program services $382,988 · management and general $304,545 · fundraising $110,631

• 7 · Other salaries and wages

  total $1,952,521 · program services $972,490 · management and general $813,381 · fundraising $166,650

• 8 · Pension plan contributions

  total $33,613 · program services $26,189 · management and general $3,586 · fundraising $3,838

• 9 · Other employee benefits

  total $360,009 · program services $258,538 · management and general $61,220 · fundraising $40,251

• 10 · Payroll taxes

  total $185,811 · program services $127,574 · management and general $38,415 · fundraising $19,822

• 11b · Fees: legal

  total $118,730 · program services $66,237 · management and general $52,493

• 11c · Fees: accounting

  total $54,854 · program services $54,854

• 11d · Fees: lobbying

  total $56,400 · fundraising $56,400

• 11g · Fees: other

  total $1,217,293 · program services $974,353 · management and general $58,573 · fundraising $184,367

• 13 · Office expenses

  total $70,561 · program services $19,370 · management and general $29,963 · fundraising $21,228

• 14 · Information technology

  total $180,443 · management and general $991 · fundraising $179,452

• 16 · Occupancy

  total $178,349 · program services $124,845 · management and general $33,886 · fundraising $19,618

• 17 · Travel

  total $50,465 · program services $42,737 · management and general $125 · fundraising $7,603

• 19 · Conferences, conventions and meetings

  total $77,490 · program services $27,497 · management and general $3,235 · fundraising $46,758

• 20 · Interest

  total $582,126 · program services $582,126

• 22 · Depreciation, depletion and amortization

  total $115,274 · program services $80,692 · management and general $21,902 · fundraising $12,680

• 23 · Insurance

  total $81,308 · program services $56,947 · management and general $15,429 · fundraising $8,932

• 24a · Other expenses: Uncollectable Loan Loss

  total $1,324,692 · program services $1,324,692

• 24b · Other expenses: Event Production

  total $39,399 · program services $15,093 · management and general $17,761 · fundraising $6,545

• 24c · Other expenses: Memberships

  total $28,896 · program services $4,280 · management and general $12,917 · fundraising $11,699

• 24d · Other expenses: Educational Programs

  total $22,735 · program services $13,970 · management and general $1,907 · fundraising $6,858

• 24e · All other expenses

  total $178,318 · program services $122,679 · management and general $33,757 · fundraising $21,882

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $13,561,578 · end of year $12,335,294

• 3 · Pledges and grants receivable

  beginning of year $382,256 · end of year $1,714,734

• 4 · Accounts receivable

  beginning of year $9,046 · end of year $26,620

• 9 · Prepaid expenses and deferred charges

  beginning of year $273,931 · end of year $172,045

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

  $797,497

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

  $609,798

• 10c · Land, buildings and equipment, net

  beginning of year $275,984 · end of year $187,699

• 11 · Investments: publicly traded securities

  beginning of year $116,738

• 12 · Investments: other securities

  beginning of year $750,000 · end of year $750,000

• 13 · Investments: program-related

  beginning of year $23,134,162 · end of year $27,650,561

• 15 · Other assets

  beginning of year $209,444 · end of year $141,069

• 17 · Accounts payable and accrued expenses

  beginning of year $610,417 · end of year $549,712

• 19 · Deferred revenue

  beginning of year $150,000 · end of year $2,523,304

• 23 · Secured mortgages and notes payable

  beginning of year $25,977,538 · end of year $26,497,333

• 25 · Other liabilities

  beginning of year $1,610,768 · end of year $1,826,850

• 27 · Net assets without donor restrictions

  beginning of year $8,869,643 · end of year $8,278,649

• 28 · Net assets with donor restrictions

  beginning of year $1,494,773 · end of year $3,302,174

The filer's explanations (Part III)

Part I, Line 7

During the CEO transition in 2022, the board negotiated a non- fixed payment to a key executive employee for retention, that was payable over 2 years.

Part I, Line 7:

Officers are eligible for bonuses based on annual performance reviews. The bonuses are determined by the President and Board of Directors.