Form 990 for tax year 2023

1c · Fundraising events

$185,445

1e · Government grants (contributions)

$100,000

1f · All other contributions, gifts and grants

$5,494,530

2a · Program service revenue: SCHOLARSHIP MGMT. FEE

total $787,373 · related or exempt $787,373

3 · Investment income

total $336,326 · excluded $336,326

6a · Gross rents

real property $2,000

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $2,000

6d · Net rental income or loss

total $2,000 · excluded $2,000

7a · Gross sales of assets other than inventory

securities $618,727

7b · Less cost or other basis and sales expenses

securities $448,145 · other assets $24,015

7c · Gain or loss

securities $170,582 · other assets -$24,015

7d · Net gain or loss

total $146,567 · excluded $146,567

8a · Fundraising events: gross income

$0

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

$185,445

8b · Fundraising events: direct expenses

$294,194

8c · Net income from fundraising events

total -$294,194 · excluded -$294,194

1 · Grants to domestic organizations and governments

total $2,371,120 · program services $2,371,120

2 · Grants to domestic individuals

total $68,010 · program services $68,010

5 · Compensation of officers, directors and key employees

total $335,278 · program services $167,639 · management and general $33,528 · fundraising $134,111

7 · Other salaries and wages

total $1,287,040 · program services $774,666 · management and general $215,229 · fundraising $297,145

8 · Pension plan contributions

total $59,087 · program services $35,979 · management and general $10,155 · fundraising $12,953

9 · Other employee benefits

total $148,859 · program services $89,052 · management and general $24,533 · fundraising $35,274

10 · Payroll taxes

total $116,185 · program services $67,754 · management and general $17,993 · fundraising $30,438

11c · Fees: accounting

total $40,320 · program services $2,070 · management and general $35,383 · fundraising $2,867

11f · Fees: investment management

total $32,263 · management and general $32,263

11g · Fees: other

total $468,293 · program services $35,440 · management and general $383,776 · fundraising $49,077

13 · Office expenses

total $50,036 · program services $21,619 · management and general $28,381 · fundraising $36

14 · Information technology

total $250,693 · program services $2,634 · management and general $236,821 · fundraising $11,238

16 · Occupancy

total $11,725 · program services $6,837 · management and general $1,816 · fundraising $3,072

17 · Travel

total $156,371 · program services $123,986 · management and general $24,718 · fundraising $7,667

22 · Depreciation, depletion and amortization

total $103,377 · program services $60,286 · management and general $16,008 · fundraising $27,083

23 · Insurance

total $11,695 · management and general $11,695

24a · Other expenses: BAD DEBT

total $150,000 · management and general $150,000

24b · Other expenses: OTHER EXPENSES

total $19,289 · program services $2,693 · management and general $16,596

24c · Other expenses: SPECIAL EVENTS

total $10,940 · program services $1,528 · management and general $9,412

1 · Cash, non-interest-bearing

beginning of year $6,975,860 · end of year $8,310,460

2 · Savings and temporary cash investments

beginning of year $1,686,117 · end of year $1,409,655

3 · Pledges and grants receivable

beginning of year $600,450 · end of year $1,113,258

9 · Prepaid expenses and deferred charges

beginning of year $58,012 · end of year $156,012

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

$1,782,499

10b · Land, buildings and equipment: accumulated depreciation

$739,076

10c · Land, buildings and equipment, net

beginning of year $1,170,815 · end of year $1,043,423

11 · Investments: publicly traded securities

beginning of year $12,485,846 · end of year $14,194,140

17 · Accounts payable and accrued expenses

beginning of year $1,036,781 · end of year $1,563,409

19 · Deferred revenue

beginning of year $163,283 · end of year $325,750

21 · Escrow or custodial account liability

beginning of year $7,105,015 · end of year $6,758,629

25 · Other liabilities

beginning of year $4,000 · end of year $0

27 · Net assets without donor restrictions

beginning of year $12,071,842 · end of year $14,703,946

28 · Net assets with donor restrictions

beginning of year $2,596,179 · end of year $2,875,214