Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $501,238

• 1f · All other contributions, gifts and grants

  $35,008,711

• 1g · Noncash contributions included above

  $4,843,640

• 3 · Investment income

  total $6,863,373 · excluded $6,863,373

• 7a · Gross sales of assets other than inventory

  securities $44,148,647

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

  securities $38,987,456

• 7c · Gain or loss

  securities $5,161,191

• 7d · Net gain or loss

  total $5,161,191 · excluded $5,161,191

• 11a · Other revenue: OTHER INCOME

  total $969,297 · related or exempt $969,297

• 11b · Other revenue: PASS THROUGH PARTNERSHIP K-1

  total $154,552 · unrelated business $154,552

• 11e · Other revenue, total

  $1,123,849

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $32,472,999 · program services $32,472,999

• 2 · Grants to domestic individuals

  total $5,763,067 · program services $5,763,067

• 5 · Compensation of officers, directors and key employees

  total $1,020,311 · program services $412,285 · management and general $573,028 · fundraising $34,998

• 7 · Other salaries and wages

  total $3,735,393 · program services $1,995,767 · management and general $1,626,513 · fundraising $113,113

• 8 · Pension plan contributions

  total $130,342 · program services $73,298 · management and general $54,930 · fundraising $2,114

• 9 · Other employee benefits

  total $324,717 · program services $157,354 · management and general $157,010 · fundraising $10,353

• 10 · Payroll taxes

  total $333,633 · program services $170,972 · management and general $152,249 · fundraising $10,412

• 11a · Fees: management

  total $52,797 · program services $21,694 · management and general $29,795 · fundraising $1,308

• 11b · Fees: legal

  total $62,360 · program services $20,218 · management and general $35,066 · fundraising $7,076

• 11c · Fees: accounting

  total $61,300 · program services $5,000 · management and general $56,300

• 11g · Fees: other

  total $1,251,115 · program services $640,023 · management and general $547,153 · fundraising $63,939

• 12 · Advertising and promotion

  total $190,688 · program services $40,423 · management and general $113,288 · fundraising $36,977

• 13 · Office expenses

  total $160,542 · program services $47,215 · management and general $108,598 · fundraising $4,729

• 14 · Information technology

  total $312,107 · program services $14,525 · management and general $297,582

• 16 · Occupancy

  total $321,371 · program services $127,880 · management and general $185,268 · fundraising $8,223

• 19 · Conferences, conventions and meetings

  total $215,897 · program services $128,177 · management and general $86,620 · fundraising $1,100

• 22 · Depreciation, depletion and amortization

  total $102,508 · management and general $102,508

• 23 · Insurance

  total $17,512 · program services $2,704 · management and general $14,640 · fundraising $168

• 24a · Other expenses: COMMUNITY ENGAGEMENT

  total $49,487 · program services $34,464 · management and general $12,855 · fundraising $2,168

• 24b · Other expenses: OTHER EXPENSES

  total $37,394 · program services $28,297 · management and general $9,097

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $36,356,288 · end of year $34,072,500

• 3 · Pledges and grants receivable

  beginning of year $62,511,283 · end of year $51,638,154

• 9 · Prepaid expenses and deferred charges

  beginning of year $658,142 · end of year $846,616

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

  $1,863,230

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

  $1,415,133

• 10c · Land, buildings and equipment, net

  beginning of year $459,064 · end of year $448,097

• 11 · Investments: publicly traded securities

  beginning of year $209,639,457 · end of year $216,905,868

• 12 · Investments: other securities

  beginning of year $525,235,613 · end of year $591,351,321

• 15 · Other assets

  beginning of year $45,272,487 · end of year $48,783,419

• 17 · Accounts payable and accrued expenses

  beginning of year $1,211,063 · end of year $1,537,705

• 18 · Grants payable

  beginning of year $1,125,606 · end of year $941,927

• 19 · Deferred revenue

  beginning of year $16,234,321 · end of year $25,325,563

• 25 · Other liabilities

  beginning of year $167,610,899 · end of year $185,552,761

• 27 · Net assets without donor restrictions

  beginning of year $181,070,545 · end of year $184,646,906

• 28 · Net assets with donor restrictions

  beginning of year $512,879,900 · end of year $546,041,113

The filer's explanations (Part III)

PART I, LINE 7:

EACH YEAR, THE PERFORMANCE OF THE OFFICERS AND EMPLOYEES IS EVALUATED BASED ON ACCOMPLISHMENTS RELATIVE TO EACH INDIVIDUAL'S APPROVED ANNUAL OBJECTIVES AND OTHER COMPENSATION FACTORS (AS DESCRIBED ON SCHEDULE O FOR PART VI, SECTION B, LINE 15). THE BOARD OF DIRECTORS EVALUATES THE PRESIDENT/CEO BY HAVING EACH BOARD MEMBER SUBMIT AN EVALUATION ON THE PRESIDENT/CEO'S PERFORMANCE TO THE FOUNDATION'S EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE THEN REVIEWS THESE EVALUATIONS, RECEIVES COMPENSATION BENCHMARKS, AND MAKES RECOMMENDATIONS TO THE BOARD ON THE COMPENSATION OF THE PRESIDENT/CEO. THE BOARD MEETS IN EXECUTIVE SESSION TO REVIEW THE RECOMMENDATIONS, FINALIZE THE OVERALL EVALUATION AND DETERMINE THE ANNUAL COMPENSATION OF THE PRESIDENT/CEO INCLUDING ANY NON-FIXED PAYMENT THAT MAY BE MADE. THE PRESIDENT/CEO EVALUATES THE PERFORMANCE OF THE MEMBERS OF THE SENIOR MANAGEMENT TEAM AND DETERMINES ANNUAL COMPENSATION INCLUDING ANY NON-FIXED PAYMENT THAT MAY BE MADE TO THOSE INDIVIDUALS. THE EXECUTIVE COMMITTEE ALSO REVIEWS THE COMPENSATION FOR THE SENIOR MANAGEMENT TEAM.