Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $115,305

• 1f · All other contributions, gifts and grants

  $523,526

• 1g · Noncash contributions included above

  $66,351

• 2a · Program service revenue: PRODUCT LICENSING

  total $34,667 · related or exempt $34,667

• 3 · Investment income

  total $46,923 · excluded $46,923

• 7a · Gross sales of assets other than inventory

  securities $616,509

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

  securities $669,278

• 7c · Gain or loss

  securities -$52,769

• 7d · Net gain or loss

  total -$52,769 · excluded -$52,769

• 8a · Fundraising events: gross income

  $46,500

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

  $115,305

• 8b · Fundraising events: direct expenses

  $53,521

• 8c · Net income from fundraising events

  total -$7,021 · excluded -$7,021

• 11a · Other revenue: OTHER INCOME

  total $18,219 · excluded $18,219

• 11b · Other revenue: PRODUCT LICENSING

  total $2,615 · excluded $2,615

• 11e · Other revenue, total

  $20,834

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $657,480 · program services $309,675 · management and general $181,802 · fundraising $166,003

• 11b · Fees: legal

  total $10,409 · management and general $10,409

• 11f · Fees: investment management

  total $16,266 · management and general $16,266

• 13 · Office expenses

  total $20,750 · program services $10,578 · management and general $2,909 · fundraising $7,263

• 17 · Travel

  total $13,939 · program services $6,551 · management and general $2,370 · fundraising $5,018

• 23 · Insurance

  total $2,000 · program services $940 · management and general $340 · fundraising $720

• 24a · Other expenses: BAD DEBT EXPENSE

  total $12,500 · management and general $12,500

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $136 · program services $136

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $582,242 · end of year $422,624

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $127,940

• 4 · Accounts receivable

  beginning of year $360,031 · end of year $145,505

• 11 · Investments: publicly traded securities

  beginning of year $2,696,639 · end of year $2,200,573

• 15 · Other assets

  beginning of year $8,451 · end of year $11,067

• 17 · Accounts payable and accrued expenses

  beginning of year $4,990 · end of year $0

• 19 · Deferred revenue

  beginning of year $24,490 · end of year $60,000

• 25 · Other liabilities

  beginning of year $571,983 · end of year $219,690

• 27 · Net assets without donor restrictions

  beginning of year $2,724,317 · end of year $2,493,044

• 28 · Net assets with donor restrictions

  beginning of year $321,583 · end of year $134,975

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:

THE FOUNDATION SHARES PERSONNEL WITH FINSECA, AN ORGANIZATION EXEMPT FROM INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. FOR THE PURPOSES OF FORM 990 REPORTING, THE COMPENSATION FOR MARC CADIN AND BONNIE GODSMAN REPORTED ON THE FORM 990, PART VII WAS PAID AS PART OF REIMBURSEMENT MANAGEMENT FEES INCLUDED ON FORM 990, PART IX, LINE 11A.