Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $48,373,912

• 1g · Noncash contributions included above

  $11,920,006

• 2a · Program service revenue: UNM CONTRACT SERVICE REVENUE

  total $5,823,966 · related or exempt $5,823,966

• 2b · Program service revenue: DEVELOPMENT FUNDING ALLOCATION

  total $2,926,039 · related or exempt $2,926,039

• 3 · Investment income

  total $3,183,578 · unrelated business $2,690,465 · excluded $493,113

• 5 · Royalties

  total $54,247 · excluded $54,247

• 7a · Gross sales of assets other than inventory

  securities $40,777,934 · other assets $209,749

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

  securities $33,113,036 · other assets $114,612

• 7c · Gain or loss

  securities $7,664,898 · other assets $95,137

• 7d · Net gain or loss

  total $7,760,035 · excluded $7,760,035

• 11d · All other revenue

  total $7,980 · excluded $7,980

• 11e · Other revenue, total

  $7,980

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $36,208,555 · program services $36,208,555

• 5 · Compensation of officers, directors and key employees

  total $2,400,663 · program services $214,316 · management and general $1,332,260 · fundraising $854,087

• 7 · Other salaries and wages

  total $6,870,302 · program services $934,364 · management and general $1,361,027 · fundraising $4,574,911

• 8 · Pension plan contributions

  total $682,936 · program services $91,154 · management and general $195,860 · fundraising $395,922

• 9 · Other employee benefits

  total $949,529 · program services $128,628 · management and general $176,875 · fundraising $644,026

• 10 · Payroll taxes

  total $643,684 · program services $82,586 · management and general $169,266 · fundraising $391,832

• 11b · Fees: legal

  total $19,841 · management and general $19,841

• 11c · Fees: accounting

  total $70,668 · management and general $70,668

• 11d · Fees: lobbying

  total $139,098 · program services $132,285 · fundraising $6,813

• 11e · Fees: professional fundraising services

  total $190,138 · fundraising $190,138

• 11f · Fees: investment management

  total $231,884 · management and general $231,884

• 11g · Fees: other

  total $842,298 · program services $158,308 · management and general $262,295 · fundraising $421,695

• 12 · Advertising and promotion

  total $179,558 · program services $40,208 · management and general $17,565 · fundraising $121,785

• 13 · Office expenses

  total $236,649 · program services $28,217 · management and general $177,367 · fundraising $31,065

• 14 · Information technology

  total $302,704 · program services $3,454 · management and general $285,797 · fundraising $13,453

• 16 · Occupancy

  total $255,930 · program services $8,539 · management and general $247,391

• 17 · Travel

  total $314,542 · program services $32,992 · management and general $10,219 · fundraising $271,331

• 19 · Conferences, conventions and meetings

  total $61,800 · management and general $61,800

• 22 · Depreciation, depletion and amortization

  total $48,405 · management and general $48,405

• 23 · Insurance

  total $124,475 · program services $40,256 · management and general $84,219

• 24a · Other expenses: DONOR RELATIONS

  total $1,187,196 · program services $335,414 · management and general $4,170 · fundraising $847,612

• 24b · Other expenses: PAYMENTS TO ANNUITANTS

  total $284,477 · program services $284,477

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $185,316 · program services $83,190 · management and general $21,958 · fundraising $80,168

• 24d · Other expenses: PROFESSIONAL DEVELOPMEN

  total $65,276 · program services $7,161 · management and general $31,165 · fundraising $26,950

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $45,368,208 · end of year $27,260,943

• 3 · Pledges and grants receivable

  beginning of year $2,392,415 · end of year $1,995,070

• 4 · Accounts receivable

  beginning of year $695,277 · end of year $966,280

• 7 · Other notes and loans receivable

  beginning of year $994,453 · end of year $684,574

• 9 · Prepaid expenses and deferred charges

  beginning of year $197,150 · end of year $145,690

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

  $939,407

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

  $270,285

• 10c · Land, buildings and equipment, net

  beginning of year $762,927 · end of year $669,122

• 11 · Investments: publicly traded securities

  beginning of year $34,344,928 · end of year $39,420,797

• 12 · Investments: other securities

  beginning of year $288,414,948 · end of year $362,443,255

• 14 · Intangible assets

  beginning of year $143,500 · end of year $143,500

• 15 · Other assets

  beginning of year $20,297,056 · end of year $20,938,281

• 17 · Accounts payable and accrued expenses

  beginning of year $1,765,772 · end of year $1,794,906

• 19 · Deferred revenue

  beginning of year $547,188 · end of year $441,291

• 25 · Other liabilities

  beginning of year $96,963,116 · end of year $128,285,743

• 27 · Net assets without donor restrictions

  beginning of year $7,402,377 · end of year $7,490,365

• 28 · Net assets with donor restrictions

  beginning of year $286,932,409 · end of year $316,655,207

The filer's explanations (Part III)

PART I, LINE 1A

A FAMILY MEMBER OF THE CEO TRAVELED FOR BONA FIDE BUSINESS PURPOSES OF THE FOUNDATION. NO TAXABLE COMPENSATION WAS REPORTED IN FY 23. EACH EXPENSE WAS EVALUATED FOR TREATMENT OF TAXABLE COMPENSATION, BUT WAS NOT BECAUSE THE EXPENSES WERE INCURRED FOR BUSINESS PURPOSES OF THE FOUNDATION.

PART I, LINE 7

DISCRETION IS USED IN DETERMINING THE NON-FIXED COMPENSATION, WHICH IS BASED ON COMPLETION OF ORGANIZATION-WIDE GOALS AND IS CALCULATED USING A UNIFORM PERCENTAGE FOR THE ENTIRE ORGANIZATION. THIS COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES.