Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $121,001 · related or exempt $121,001

• 3 · Investment income

  total $14,325 · excluded $14,325

• 5 · Royalties

  total $425,279 · excluded $425,279

• 7a · Gross sales of assets other than inventory

  securities $29,747

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

  securities $29,009

• 7c · Gain or loss

  securities $738

• 7d · Net gain or loss

  total $738 · excluded $738

• 11a · Other revenue: JOB POSTINGS

  total $17,117 · unrelated business $17,117

• 11e · Other revenue, total

  $17,117

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $146,329

• 7 · Other salaries and wages

  total $69,158

• 8 · Pension plan contributions

  total $6,101

• 9 · Other employee benefits

  total $12,914

• 10 · Payroll taxes

  total $13,999

• 11b · Fees: legal

  total $311

• 11c · Fees: accounting

  total $23,353

• 11f · Fees: investment management

  total $382

• 11g · Fees: other

  total $5,024

• 13 · Office expenses

  total $2,303

• 14 · Information technology

  total $5,807

• 16 · Occupancy

  total $3,209

• 22 · Depreciation, depletion and amortization

  total $172

• 23 · Insurance

  total $3,258

• 24a · Other expenses: MERCHANT FEES

  total $4,431

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $160,169 · end of year $149,529

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,525 · end of year $2,987

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

  $5,938

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

  $2,797

• 10c · Land, buildings and equipment, net

  beginning of year $2,975 · end of year $3,141

• 11 · Investments: publicly traded securities

  beginning of year $208,060 · end of year $223,575

• 15 · Other assets

  beginning of year $365,599 · end of year $635,421

• 17 · Accounts payable and accrued expenses

  beginning of year $10,974 · end of year $7,604

• 19 · Deferred revenue

  beginning of year $62,820 · end of year $51,836

• 25 · Other liabilities

  beginning of year $172,568 · end of year $173,063

• 27 · Net assets without donor restrictions

  beginning of year $493,966 · end of year $782,150

The filer's explanations (Part III)

PART I, LINE 3

THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF THE NATIONAL LESBIAN AND GAY LAW FOUNDATION, A RELATED ENTITY. THE COMPENSATION OF THE EXECUTIVE DIRECTOR WAS DETERMINED BY THE RELATED ORGAINIZATION'S BOARD OF DIRECTORS BY USING COMPARABLE DATA. THIS PROCESS WAS DOCUMENTED IN THE ORGANIZATION'S BOARD MINUTES.

PART I, LINE 4A

IN JANUARY 2024, D'ARCY KEMNITZ, THE FORMER EXECUTIVE DIRECTOR, RECEIVED SEVERANCE PAYMENTS OF $279,366.