Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $8,383,379

• 1g · Noncash contributions included above

  $2,891,748

• 2a · Program service revenue: ADMINITRATIVE FEE INCOME

  total $1,484,441 · related or exempt $1,484,441

• 3 · Investment income

  total $1,368,876 · unrelated business -$261,951 · excluded $1,630,827

• 7a · Gross sales of assets other than inventory

  securities $2,105,111

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

  securities $0

• 7c · Gain or loss

  securities $2,105,111

• 7d · Net gain or loss

  total $2,105,111 · excluded $2,105,111

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,362,567 · program services $4,362,567

• 5 · Compensation of officers, directors and key employees

  total $553,121 · program services $193,592 · management and general $304,217 · fundraising $55,312

• 7 · Other salaries and wages

  total $330,366 · program services $115,628 · management and general $181,701 · fundraising $33,037

• 9 · Other employee benefits

  total $38,612 · program services $13,514 · management and general $21,237 · fundraising $3,861

• 10 · Payroll taxes

  total $57,871 · program services $20,255 · management and general $31,829 · fundraising $5,787

• 11a · Fees: management

  total $1,444,747 · management and general $1,444,747

• 11b · Fees: legal

  total $582 · management and general $582

• 11c · Fees: accounting

  total $25,091 · management and general $25,091

• 11f · Fees: investment management

  total $367,288 · management and general $367,288

• 11g · Fees: other

  total $17,489 · program services $8,730 · management and general $29 · fundraising $8,730

• 12 · Advertising and promotion

  total $64,736 · program services $8,578 · fundraising $56,158

• 13 · Office expenses

  total $21,900 · program services $6,197 · management and general $13,490 · fundraising $2,213

• 14 · Information technology

  total $77,629 · program services $24,773 · management and general $45,778 · fundraising $7,078

• 16 · Occupancy

  total $109,693 · management and general $109,693

• 17 · Travel

  total $4,779 · program services $1,673 · management and general $2,628 · fundraising $478

• 19 · Conferences, conventions and meetings

  total $37,672 · program services $13,895 · management and general $7,658 · fundraising $16,119

• 22 · Depreciation, depletion and amortization

  total $25,733 · management and general $25,733

• 23 · Insurance

  total $11,795 · program services $493 · management and general $11,161 · fundraising $141

• 24a · Other expenses: MISCELLANEOUS

  total $23,556 · program services $0 · management and general $10,362 · fundraising $13,194

• 24b · Other expenses: ANNUITY PAYMENTS

  total $15,306 · program services $15,306

• 24c · Other expenses: BAD DEBT

  total $12,265 · management and general $12,265

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,447,896 · end of year $3,183,022

• 3 · Pledges and grants receivable

  beginning of year $2,845,598 · end of year $5,020,339

• 7 · Other notes and loans receivable

  beginning of year $84,199 · end of year $50,636

• 9 · Prepaid expenses and deferred charges

  beginning of year $65,176 · end of year $85,420

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

  $287,620

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

  $256,034

• 10c · Land, buildings and equipment, net

  beginning of year $47,393 · end of year $31,586

• 11 · Investments: publicly traded securities

  beginning of year $72,352,825 · end of year $79,930,802

• 12 · Investments: other securities

  beginning of year $44,992,764 · end of year $49,810,813

• 15 · Other assets

  beginning of year $153,684 · end of year $458,629

• 17 · Accounts payable and accrued expenses

  beginning of year $60,185 · end of year $46,486

• 18 · Grants payable

  beginning of year $216,500 · end of year $51,500

• 25 · Other liabilities

  beginning of year $4,513,960 · end of year $4,994,350

• 27 · Net assets without donor restrictions

  beginning of year $115,204,931 · end of year $130,287,577

• 28 · Net assets with donor restrictions

  beginning of year $2,993,959 · end of year $3,191,334

The filer's explanations (Part III)

PART I, LINE 3

THE PRESIDENT & CEO IS REVIEWED ANNUALLY BY THE BOARD CHAIR. THE BOARD CHAIR REPORTS RESULTS TO THE MANAGEMENT AND PERSONNEL COMMITTEE, WHICH DECIDE THE ANNUAL COMPENSATION PERCENTAGE INCREASE, IF APPLICABLE. THE MANAGEMENT AND PERSONNEL COMMITTEE CHAIR MAKE THE RECOMMENDATION TO THE FULL BOARD FOR APPROVAL AT A BOARD OF GOVERNORS MEETING.