Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $193,196

• 1f · All other contributions, gifts and grants

  $10,000

• 2a · Program service revenue: EMPLOYERS' CONTRIBUTIONS

  total $21,783,965 · related or exempt $21,783,965

• 3 · Investment income

  total $638,728 · excluded $638,728

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $1,900,000

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

  securities $1,711,247

• 7c · Gain or loss

  securities $188,753

• 7d · Net gain or loss

  total $188,753 · excluded $188,753

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: OTHER INCOME

  total $22,222 · related or exempt $22,222

• 11b · Other revenue: LIQUIDATED DAMAGES - EMPLOYERS

  total $323 · related or exempt $323

• 11e · Other revenue, total

  $22,545

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $566,611 · program services $566,611

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $292,769 · program services $292,769

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $8,210,060 · program services $7,251,460 · management and general $958,600

• 8 · Pension plan contributions

  total $636,886 · program services $636,886

• 9 · Other employee benefits

  total $1,360,513 · program services $973,784 · management and general $386,729

• 10 · Payroll taxes

  total $748,400 · program services $657,401 · management and general $90,999

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $54,807 · management and general $54,807

• 11c · Fees: accounting

  total $63,819 · management and general $63,819

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $29,450 · management and general $29,450

• 11g · Fees: other

  total $813,082 · program services $710,876 · management and general $102,206

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $729,679 · program services $448,616 · management and general $281,063

• 14 · Information technology

  total $387,471 · program services $277,997 · management and general $109,474

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $3,800,457 · program services $3,778,252 · management and general $22,205

• 17 · Travel

  total $0

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $205,035 · program services $198,405 · management and general $6,630

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $709,661 · program services $420,505 · management and general $289,156

• 23 · Insurance

  total $76,578 · program services $11,174 · management and general $65,404

• 24a · Other expenses: CLASSROOM INSTRUCTION

  total $2,536,424 · program services $2,536,424

• 24b · Other expenses: BOOKS

  total $206,002 · program services $206,002

• 24c · Other expenses: COMPLIANCE PUBLICATIONS

  total $398,609 · program services $398,609

• 24d · Other expenses: CLASSROOM MATERIALS

  total $352,269 · program services $352,269

• 24e · All other expenses

  total $22,114 · program services $267 · management and general $21,847

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $765,383 · end of year $1,240,656

• 3 · Pledges and grants receivable

  beginning of year $25,793 · end of year $182,697

• 4 · Accounts receivable

  beginning of year $1,775,789 · end of year $2,375,893

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $191,475 · end of year $262,394

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

  $11,407,690

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

  $7,299,751

• 10c · Land, buildings and equipment, net

  beginning of year $3,875,874 · end of year $4,107,939

• 11 · Investments: publicly traded securities

  beginning of year $16,689,380 · end of year $16,056,919

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $104,877 · end of year $44,379

• 17 · Accounts payable and accrued expenses

  beginning of year $1,538,520 · end of year $1,704,714

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $569,214 · end of year $0

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $21,320,837 · end of year $22,566,163

The filer's explanations (Part III)

PART I, LINE 3 - METHODS FOR ESTABLISHING COMPENSATION:

THE EXECUTIVE DIRECTOR IS COMPENSATED BY A RELATED ORGANIZATION THAT ALLOCATES A PORTION OF THE EXECUTIVE DIRECTOR'S TIME TO THE FUND AND IS INCLUDED IN ADMIN SALARIES & EXPENSES OF THE FUNCTIONAL EXPENSES. THE RELATED ORGANIZATION USES THE METHODS OF INDEPENDENT COMPENSATION CONSULTANT, COMPENSATION SURVEY AND APPROVAL BY THE BOARD IN ESTABLISHMENT OF THE EXECUTIVE DIRECTOR'S COMPENSATION.