Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $466,268

• 1f · All other contributions, gifts and grants

  $84,807,782

• 1g · Noncash contributions included above

  $7,003,793

• 2a · Program service revenue: Ticket Handling Revenue

  total $3,832,238 · related or exempt $3,832,238

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $3,163,618 · excluded $3,163,618

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $64,252,034

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

  securities $60,803,136 · other assets $43,667

• 7c · Gain or loss

  securities $3,448,898 · other assets -$43,667

• 7d · Net gain or loss

  total $3,405,231 · excluded $3,405,231

• 8a · Fundraising events: gross income

  $272,963

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

  $466,268

• 8b · Fundraising events: direct expenses

  $241,666

• 8c · Net income from fundraising events

  total $31,297 · excluded $31,297

• 11a · Other revenue: Miscellaneous Revenue

  total $38,311 · related or exempt $0 · unrelated business $0 · excluded $38,311

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $38,311

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $93,854,727 · program services $93,854,727

• 5 · Compensation of officers, directors and key employees

  total $2,022,923 · management and general $1,167,629 · fundraising $855,294

• 7 · Other salaries and wages

  total $4,151,247 · program services $1,461,217 · management and general $995,919 · fundraising $1,694,111

• 8 · Pension plan contributions

  total $492,276 · program services $153,977 · management and general $126,379 · fundraising $211,920

• 9 · Other employee benefits

  total $315,059 · program services $106,102 · management and general $71,154 · fundraising $137,803

• 10 · Payroll taxes

  total $389,619 · program services $109,384 · management and general $121,672 · fundraising $158,563

• 11b · Fees: legal

  total $395,195 · management and general $395,195

• 11c · Fees: accounting

  total $107,408 · management and general $107,408

• 11f · Fees: investment management

  total $829,228 · management and general $829,228

• 11g · Fees: other

  total $486,838 · program services $45,369 · management and general $256,590 · fundraising $184,879

• 12 · Advertising and promotion

  total $4,899,704 · program services $544,128 · management and general $78,053 · fundraising $4,277,523

• 13 · Office expenses

  total $268,012 · program services $29,563 · management and general $145,046 · fundraising $93,403

• 14 · Information technology

  total $873,594 · program services $59,825 · management and general $772,278 · fundraising $41,491

• 16 · Occupancy

  total $27,521 · program services $6,353 · management and general $20,668 · fundraising $500

• 17 · Travel

  total $250,346 · program services $60,780 · management and general $59,144 · fundraising $130,422

• 19 · Conferences, conventions and meetings

  total $20,549 · program services $4,975 · management and general $8,787 · fundraising $6,787

• 22 · Depreciation, depletion and amortization

  total $364,953 · program services $66,107 · management and general $232,208 · fundraising $66,638

• 23 · Insurance

  total $237,159 · management and general $237,159

• 24a · Other expenses: Credit Card Fees/Ticket Processing Fees

  total $3,143,938 · program services $2,359,789 · fundraising $784,149

• 24b · Other expenses: Other

  total $1,366,097 · program services $10,040 · management and general $124,124 · fundraising $1,231,933

• 24c · Other expenses: Catering

  total $1,238,571 · program services $722,001 · management and general $33,936 · fundraising $482,634

• 24d · Other expenses: Donor Expenses

  total $677,061 · program services $418,265 · management and general $45,678 · fundraising $213,118

• 24e · All other expenses

  total -$463,574 · program services $0 · management and general $0 · fundraising -$463,574

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 $22,238,144 · end of year $15,081,968

• 3 · Pledges and grants receivable

  beginning of year $78,938,115 · end of year $71,505,004

• 4 · Accounts receivable

  beginning of year $393,403 · end of year $334,522

• 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 $758,176 · end of year $786,390

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

  $6,514,300

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

  $3,630,462

• 10c · Land, buildings and equipment, net

  beginning of year $3,146,822 · end of year $2,883,838

• 11 · Investments: publicly traded securities

  beginning of year $39,732,087 · end of year $56,831,126

• 12 · Investments: other securities

  beginning of year $140,884,805 · end of year $122,520,874

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $69,700 · end of year $32,000

• 17 · Accounts payable and accrued expenses

  beginning of year $1,528,941 · end of year $1,143,834

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $53,316,799 · end of year $52,730,333

• 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 $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year -$6,027,199 · end of year -$17,115,037

• 28 · Net assets with donor restrictions

  beginning of year $237,342,711 · end of year $233,216,592

• 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 $0 · end of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel

1ST CLASS TRAVEL IS LIMITED TO THE PRESIDENT/CEO AND THE VP OF PRINCIPAL GIFTS BASED UPON APPROVAL.

Schedule J, Part I, Line 1a Travel for companions

TRAVEL FOR COMPANIONS IS LIMITED TO THE PRESIDENT/CEO AND THE VP OF PRINCIPAL GIFTS AND IS ONLY FOR SPECIAL EVENTS WHERE THEIR SPOUSE IS EXPECTED TO BE THERE TO HELP HOST EVENTS. ON OCCASSION, COMPANIONS OF OTHER EXECUTIVE STAFF MEMBERS MAY BE APPROVED BY THE PRESIDENT/CEO FOR SPECIAL EVENTS WHERE THEIR SPOUSE IS EXPECTED TO BE THERE.

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

THE ORGANIZATION PAYS CLUB DUES FOR TRAVIS DABNEY, WALTER BULLARD, AND JACOB GREEN IN THE AMOUNT OF $748 PER MONTH PER EMPLOYEE. THE ORGANIZATION PAYS CLUB DUES FOR KATHLEEN CURNUTT IN THE AMOUNT OF $495 PER MONTH. ALL DUES ARE PAID PROPERLY AND ARE INCLUDED IN FORM W-2 WAGES AS A FRINGE BENEFIT.