Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $3,652,602

• 1f · All other contributions, gifts and grants

  $6,190,388

• 2a · Program service revenue: LIBERTY FUND

  total $98,550 · related or exempt $98,550

• 3 · Investment income

  total $260,191 · excluded $260,191

• 6a · Gross rents

  real property $107,589

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $107,589

• 6d · Net rental income or loss

  total $107,589 · excluded $107,589

• 7a · Gross sales of assets other than inventory

  securities $1,913,471

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

  securities $1,545,120

• 7c · Gain or loss

  securities $368,351

• 7d · Net gain or loss

  total $368,351 · excluded $368,351

• 10a · Gross sales of inventory

  $37,802

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $37,802 · related or exempt $37,802

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $850,081 · program services $850,081

• 5 · Compensation of officers, directors and key employees

  total $380,284 · program services $296,622 · management and general $45,634 · fundraising $38,028

• 7 · Other salaries and wages

  total $2,217,360 · program services $1,666,474 · management and general $294,553 · fundraising $256,333

• 8 · Pension plan contributions

  total $72,663 · program services $54,579 · management and general $9,666 · fundraising $8,418

• 9 · Other employee benefits

  total $282,702 · program services $213,247 · management and general $37,202 · fundraising $32,253

• 10 · Payroll taxes

  total $182,851 · program services $138,139 · management and general $23,967 · fundraising $20,745

• 11b · Fees: legal

  total $28,822 · management and general $28,822

• 11c · Fees: accounting

  total $138,375 · management and general $138,375

• 11e · Fees: professional fundraising services

  total $84,044 · fundraising $84,044

• 11f · Fees: investment management

  total $5,132 · management and general $5,132

• 11g · Fees: other

  total $641,457 · program services $203,571 · management and general $156,444 · fundraising $281,442

• 12 · Advertising and promotion

  total $62,628 · program services $56,019 · fundraising $6,609

• 13 · Office expenses

  total $42,437 · program services $10,350 · management and general $31,378 · fundraising $709

• 14 · Information technology

  total $318,054 · program services $192,942 · management and general $119,181 · fundraising $5,931

• 15 · Royalties

  total $29,669 · program services $29,669

• 16 · Occupancy

  total $259,456 · program services $196,013 · management and general $34,007 · fundraising $29,436

• 17 · Travel

  total $321,851 · program services $153,872 · management and general $54,435 · fundraising $113,544

• 19 · Conferences, conventions and meetings

  total $1,075,174 · program services $1,021,521 · management and general $51,086 · fundraising $2,567

• 20 · Interest

  total $83,405 · program services $63,012 · management and general $10,927 · fundraising $9,466

• 22 · Depreciation, depletion and amortization

  total $359,653 · program services $271,709 · management and general $47,140 · fundraising $40,804

• 23 · Insurance

  total $35,331 · management and general $35,331

• 24a · Other expenses: NON STAFF TRAVEL & LODG

  total $660,318 · program services $650,568 · management and general $4,405 · fundraising $5,345

• 24b · Other expenses: HONORARIA

  total $420,935 · program services $419,935 · management and general $1,000

• 24c · Other expenses: PRINTING AND POSTAGE

  total $249,150 · program services $146,411 · management and general $28,571 · fundraising $74,168

• 24d · Other expenses: NON STAFF MEALS & ENTER

  total $99,891 · program services $90,297 · management and general $4,941 · fundraising $4,653

• 24e · All other expenses

  total $207,312 · program services $156,607 · management and general $31,740 · fundraising $18,965

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,650,912 · end of year $1,277,439

• 3 · Pledges and grants receivable

  beginning of year $8,312,126 · end of year $9,396,731

• 9 · Prepaid expenses and deferred charges

  beginning of year $144,376 · end of year $148,492

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

  $17,748,760

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

  $3,177,490

• 10c · Land, buildings and equipment, net

  beginning of year $12,351,355 · end of year $14,571,270

• 11 · Investments: publicly traded securities

  beginning of year $12,422,003 · end of year $12,726,902

• 12 · Investments: other securities

  beginning of year $20,000 · end of year $20,000

• 15 · Other assets

  beginning of year $29,484 · end of year $15,780

• 17 · Accounts payable and accrued expenses

  beginning of year $1,918,918 · end of year $471,901

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $2,000,000

• 25 · Other liabilities

  beginning of year $238,805 · end of year $198,176

• 27 · Net assets without donor restrictions

  beginning of year $18,318,485 · end of year $25,545,988

• 28 · Net assets with donor restrictions

  beginning of year $14,454,048 · end of year $9,940,549

The filer's explanations (Part III)

PART I, LINE 1A

THE CEO AND DIRECTOR OF MAJOR GIFTS BOOKED FIRST CLASS TRAVEL TOTALING $585 AND $644, RESPECTIVELY. THESE WERE THE CHEAPEST SEATS AVAILABLE ON THE TRAIN BY THEIR TIME OF BOOKING.

PART I, LINE 1B

THESE TRIPS WERE BOOKED BASED ON THE NORMAL EXPENSE APPROVAL PROCESS. BASED ON THESE EVENT, WE HAVE DEVELOPED A FORMAL PROCESS.