Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,772,934

• 1f · All other contributions, gifts and grants

  $110,007

• 2a · Program service revenue: DUES AND ASSESSMENTS

  total $10,760,021 · related or exempt $10,760,021

• 2b · Program service revenue: EVENT INCOME

  total $286,580 · related or exempt $286,580

• 3 · Investment income

  total $473,366 · excluded $473,366

• 5 · Royalties

  total $141,573 · excluded $141,573

• 6a · Gross rents

  real property $24,542

• 6c · Rental income or loss

  real property $24,542

• 6d · Net rental income or loss

  total $24,542 · excluded $24,542

• 7a · Gross sales of assets other than inventory

  securities $3,314,088

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

  securities $3,389,232

• 7c · Gain or loss

  securities -$75,144

• 7d · Net gain or loss

  total -$75,144 · excluded -$75,144

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $37,158 · related or exempt $37,158

• 11b · Other revenue: ADVERTISING

  total $2,500 · unrelated business $2,500

• 11e · Other revenue, total

  $39,658

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $92,235

• 2 · Grants to domestic individuals

  total $93,265

• 5 · Compensation of officers, directors and key employees

  total $776,838

• 7 · Other salaries and wages

  total $5,005,040

• 8 · Pension plan contributions

  total $1,233,594

• 9 · Other employee benefits

  total $1,779,688

• 10 · Payroll taxes

  total $442,236

• 11b · Fees: legal

  total $53,368

• 11c · Fees: accounting

  total $36,300

• 11f · Fees: investment management

  total $33,644

• 11g · Fees: other

  total $596,257

• 12 · Advertising and promotion

  total $101,870

• 13 · Office expenses

  total $207,249

• 14 · Information technology

  total $56,985

• 16 · Occupancy

  total $438,569

• 17 · Travel

  total $464,939

• 19 · Conferences, conventions and meetings

  total $256,543

• 22 · Depreciation, depletion and amortization

  total $173,794

• 23 · Insurance

  total $42,408

• 24a · Other expenses: CONTINUING EDUCATION

  total $190,718

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $5,000

• 24c · Other expenses: MEMBERSHIP

  total $4,570

• 24e · All other expenses

  total $31,071

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $43,912 · end of year $6,132

• 2 · Savings and temporary cash investments

  beginning of year $2,694,628 · end of year $3,619,673

• 4 · Accounts receivable

  beginning of year $174,919 · end of year $88,363

• 9 · Prepaid expenses and deferred charges

  beginning of year $297,634 · end of year $287,238

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

  $5,917,707

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

  $3,689,724

• 10c · Land, buildings and equipment, net

  beginning of year $2,334,014 · end of year $2,227,983

• 12 · Investments: other securities

  beginning of year $12,982,852 · end of year $13,221,290

• 17 · Accounts payable and accrued expenses

  beginning of year $1,411,061 · end of year $1,529,238

• 19 · Deferred revenue

  beginning of year $76,968 · end of year $34,752

• 25 · Other liabilities

  beginning of year $10,528,405 · end of year $10,667,419

• 27 · Net assets without donor restrictions

  beginning of year $6,059,265 · end of year $6,854,027

• 28 · Net assets with donor restrictions

  beginning of year $452,260 · end of year $365,243

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1A

THE COMPENSATION TOTALS LISTED IN COLUMN D FOR CERTAIN PROFESSIONAL STAFF INCLUDES DEFERRED COMPENSATION THAT IS TAXED CURRENTLY FOR EMPLOYMENT TAX PURPOSES BUT NOT FOR INCOME TAX PURPOSES.

SCHEDULE J, PAGE 1, PART I, LINE 4

MARY JANE COBB (RETIRED FEB 2024) 169,804 0 0

SCHEDULE J, PART III

PART I, LINE 4A: MARY JANE COBB, FORMER EXECUTIVE DIRECTOR, RECEIVED A SEVERANCE OF 169,804 AS PART OF A SUMMARY OF CONTRACT BENEFITS VOLUNTARILY ENTERED INTO ON FEBRUARY 29, 2024. THE SEVERANCE WAS ACCRUED IN THE CURRENT TAX YEAR BUT PAYMENT WILL OCCUR OVER A 6 YEAR PERIOD. BOTH PARTIES MUTUALLY AGREED MARY JANE COBB WOULD COMMENCE RETIREMENT ON FEBRUARY 29, 2024. THE PAYMENT WAS APPROVED BY THE APPROPRIATE GOVERNING BODY IN ACCORDANCE WITH THE ORGANIZATION'S COMPENSATION AND SEVERANCE POLICIES.