Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,211,797

• 1g · Noncash contributions included above

  $14,637

• 3 · Investment income

  total $417,950 · excluded $417,950

• 7a · Gross sales of assets other than inventory

  securities $8,020,795

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

  securities $7,977,860

• 7c · Gain or loss

  securities $42,935

• 7d · Net gain or loss

  total $42,935 · excluded $42,935

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,990,994 · program services $5,990,994

• 5 · Compensation of officers, directors and key employees

  total $114,992 · management and general $11,499 · fundraising $103,493

• 7 · Other salaries and wages

  total $55,380 · management and general $5,538 · fundraising $49,842

• 8 · Pension plan contributions

  total $5,381 · management and general $538 · fundraising $4,843

• 9 · Other employee benefits

  total $14,324 · management and general $1,432 · fundraising $12,892

• 10 · Payroll taxes

  total $12,216 · management and general $1,222 · fundraising $10,994

• 11c · Fees: accounting

  total $1,062 · management and general $106 · fundraising $956

• 11f · Fees: investment management

  total $77,438 · management and general $77,438

• 13 · Office expenses

  total $43,119 · management and general $5,721 · fundraising $37,398

• 17 · Travel

  total $2,443 · management and general $2,342 · fundraising $101

• 19 · Conferences, conventions and meetings

  total $1,192 · management and general $1,192

• 24a · Other expenses: DONOR APPRECIATION

  total $7,495 · fundraising $7,495

• 24b · Other expenses: FOREIGN INVESTMENT TAX

  total $1,070 · fundraising $1,070

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $869,827 · end of year $455,665

• 3 · Pledges and grants receivable

  beginning of year $73,000 · end of year $66,000

• 11 · Investments: publicly traded securities

  beginning of year $24,365,576 · end of year $20,985,887

• 17 · Accounts payable and accrued expenses

  beginning of year $14,715 · end of year $23,917

• 18 · Grants payable

  end of year $4,000,000

• 25 · Other liabilities

  beginning of year $750,368 · end of year $1,356,805

• 27 · Net assets without donor restrictions

  beginning of year $16,726,525 · end of year $9,655,878

• 28 · Net assets with donor restrictions

  beginning of year $7,816,795 · end of year $6,470,952

The filer's explanations (Part III)

PART I, LINE 3

IT IS THE POLICY OF THE COMPANY TO REVIEW THE COMPENSATION PACKAGE OF THE CHIEF EXECUTIVE OFFICER (CEO) AS PART OF AN ANNUAL PERFORMANCE EVALUATION PROCESS. BI-ANNUALLY, THE VICE PRESIDENT OF HUMAN RESOURCES USES AN INDEPENDENT AGENCY TO CONDUCT A COMPARABILITY REVIEW USING DATA FROM REGIONAL ORGANIZATIONS WITH SIMILAR BUDGET SIZE. THIS MARKET ANALYSIS WAS LAST PERFORMED IN 2021. THE BENCHMARK DATA IS THEN PRESENTED TO THE EXECUTIVE COMMITTEE OF THE BOARD. THE DECISIONS, PROCESS FOR DECISION MAKING AND COMMITTEE MEMBERS ARE ALL DOCUMENTED.