Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,084,858

• 2a · Program service revenue: CHALLENGER PROGRAM

  total $132,464 · related or exempt $132,464

• 2b · Program service revenue: FOCUS SERIES ADMISSION

  total $126,641 · related or exempt $126,641

• 2c · Program service revenue: CLUB REVENUES

  total $24,137 · related or exempt $24,137

• 2f · All other program service revenue

  total $285,461 · related or exempt $285,461

• 3 · Investment income

  total $825,914 · related or exempt $825,914

• 7a · Gross sales of assets other than inventory

  securities $4,789,288

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

  securities $4,840,101

• 7c · Gain or loss

  securities -$50,813

• 7d · Net gain or loss

  total -$50,813 · related or exempt -$50,813

• 11a · Other revenue: TAX SUPPORT

  total $1,036,781 · related or exempt $1,036,781

• 11e · Other revenue, total

  $1,036,781

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,198,344 · program services $1,198,344

• 7 · Other salaries and wages

  total $589,383 · program services $446,940 · management and general $142,443

• 9 · Other employee benefits

  total $55,813 · program services $54,363 · management and general $1,450

• 11b · Fees: legal

  total $520 · management and general $520

• 11c · Fees: accounting

  total $18,000 · management and general $18,000

• 16 · Occupancy

  total $80,000 · management and general $80,000

• 17 · Travel

  total $10,534 · program services $7,957 · management and general $2,577

• 22 · Depreciation, depletion and amortization

  total $509,221 · program services $509,221

• 23 · Insurance

  total $22,490 · management and general $22,490

• 24a · Other expenses: KCTCS PROGRAM SUPPORT

  total $1,275,071 · program services $1,275,071

• 24b · Other expenses: ALL OTHER EXPENSES

  total $77,745 · management and general $77,745

• 24c · Other expenses: CHALLENGER EXPENSES

  total $70,183 · program services $70,183

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $1

• 2 · Savings and temporary cash investments

  beginning of year $717,417 · end of year $946,382

• 3 · Pledges and grants receivable

  beginning of year $292,885 · end of year $370,042

• 4 · Accounts receivable

  beginning of year $340,775 · end of year $42,997

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

  $21,512,044

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

  $13,646,182

• 10c · Land, buildings and equipment, net

  beginning of year $8,203,840 · end of year $7,865,862

• 13 · Investments: program-related

  beginning of year $34,431,341 · end of year $37,799,595

• 15 · Other assets

  beginning of year $770,000 · end of year $770,000

• 17 · Accounts payable and accrued expenses

  beginning of year $126,466 · end of year $189,433

• 19 · Deferred revenue

  beginning of year $1,081,942 · end of year $1,162,908

• 25 · Other liabilities

  beginning of year $14,029 · end of year $0

• 29 · Capital stock, trust principal or current funds

  beginning of year $16,953,753 · end of year $17,873,629

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $8,203,840 · end of year $7,865,862

• 31 · Retained earnings, endowment or other funds

  beginning of year $18,376,228 · end of year $20,703,047

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PROVIDES A COUNTRY CLUB MEMBERSHIP FOR THE EXECUTIVE DIRECTOR. MONTHLY DUES ARE PAID BY THE ORGANIZATION.