Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $109,027

• 1e · Government grants (contributions)

  $2,160,430

• 1f · All other contributions, gifts and grants

  $2,923,056

• 1g · Noncash contributions included above

  $818,295

• 3 · Investment income

  total $779,801 · excluded $779,801

• 7a · Gross sales of assets other than inventory

  securities $4,643,230

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

  securities $4,472,386

• 7c · Gain or loss

  securities $170,844

• 7d · Net gain or loss

  total $170,844 · excluded $170,844

• 8a · Fundraising events: gross income

  $57,372

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

  $109,027

• 8b · Fundraising events: direct expenses

  $20,531

• 8c · Net income from fundraising events

  total $36,841 · excluded $36,841

• 11a · Other revenue: OTHER INCOME

  total $31,355 · excluded $31,355

• 11e · Other revenue, total

  $31,355

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,282,599 · program services $4,282,599

• 2 · Grants to domestic individuals

  total $204,448 · program services $204,448

• 5 · Compensation of officers, directors and key employees

  total $259,480 · program services $90,374 · management and general $65,990 · fundraising $103,116

• 7 · Other salaries and wages

  total $577,332 · program services $201,078 · management and general $146,825 · fundraising $229,429

• 8 · Pension plan contributions

  total $24,522 · program services $8,541 · management and general $6,236 · fundraising $9,745

• 9 · Other employee benefits

  total $40,117 · program services $13,972 · management and general $10,203 · fundraising $15,942

• 10 · Payroll taxes

  total $56,855 · program services $19,802 · management and general $14,459 · fundraising $22,594

• 11c · Fees: accounting

  total $88,620 · management and general $88,620

• 11d · Fees: lobbying

  total $1,800 · management and general $1,800

• 11f · Fees: investment management

  total $53,985 · management and general $53,985

• 11g · Fees: other

  total $619,488 · program services $502,531 · management and general $40,413 · fundraising $76,544

• 12 · Advertising and promotion

  total $57,026 · program services $27,297 · management and general $13,648 · fundraising $16,081

• 13 · Office expenses

  total $11,164 · program services $5,068 · management and general $3,702 · fundraising $2,394

• 14 · Information technology

  total $19,827 · program services $13,994 · management and general $3,644 · fundraising $2,189

• 16 · Occupancy

  total $27,134 · program services $9,450 · management and general $6,901 · fundraising $10,783

• 17 · Travel

  total $21,887 · program services $7,623 · management and general $5,566 · fundraising $8,698

• 19 · Conferences, conventions and meetings

  total $318,331 · program services $227,584 · management and general $29,763 · fundraising $60,984

• 22 · Depreciation, depletion and amortization

  total $2,155 · program services $750 · management and general $548 · fundraising $857

• 23 · Insurance

  total $5,901 · management and general $5,901

• 24a · Other expenses: SUBSCRIPTIONS

  total $51,758 · program services $18,027 · management and general $13,163 · fundraising $20,568

• 24b · Other expenses: EQUIPMENT MAINTENANCE

  total $34,998 · program services $33,435 · management and general $610 · fundraising $953

• 24c · Other expenses: MISCELLANEOUS

  total $22,675 · program services $7,897 · management and general $5,767 · fundraising $9,011

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,236,976 · end of year $1,054,136

• 2 · Savings and temporary cash investments

  beginning of year $38 · end of year $1,357,197

• 3 · Pledges and grants receivable

  end of year $269,830

• 9 · Prepaid expenses and deferred charges

  beginning of year $100,631 · end of year $53,121

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

  $6,779

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

  $2,155

• 10c · Land, buildings and equipment, net

  beginning of year $6,779 · end of year $4,624

• 11 · Investments: publicly traded securities

  beginning of year $16,290,948 · end of year $18,652,186

• 12 · Investments: other securities

  beginning of year $579,484 · end of year $579,484

• 15 · Other assets

  beginning of year $109,109 · end of year $53,775

• 17 · Accounts payable and accrued expenses

  beginning of year $69,735 · end of year $94,179

• 18 · Grants payable

  beginning of year $47,434 · end of year $882

• 19 · Deferred revenue

  beginning of year $1,341,688 · end of year $53,838

• 25 · Other liabilities

  beginning of year $114,017 · end of year $59,316

• 27 · Net assets without donor restrictions

  beginning of year $20,200,820 · end of year $21,205,309

• 28 · Net assets with donor restrictions

  beginning of year $550,271 · end of year $610,829

The filer's explanations (Part III)

PART I, LINE 3

THIS IS THE LEADERSHIP DEVELOPMENT COMMITTEE, AND THEN VOTED ON BY EXECUTIVE COMMITTEE. ACT HAD A COMPENSATION STUDY PERFORMED IN 2022 AND IT WAS USED AS A GUIDELINE.

PART I, LINE 5

ALL EMPLOYESS RECEIVED A BONUS IN 2023 BASED ON THE PERFORMANCE OF THE ORGANIZATION, NOT THE INDIVIDUAL'S PERFORMANCE. EACH BONUS WAS THE SAME FOR EMPLOYEES WHO HAD BEEN WITH ACT THE ENTIRE YEAR. BONUSES WERE PRORATED RATABLY FOR NEW HIRES WHO JOINED THE ACT STAFF DURING 2023. EIGHT STAFF RECEIVED BONUSES AND THE AMOUNT WAS $3,OOO FOR FULL-YEAR EMPLOYEES AND A LESSER PRORATED AMOUNT FOR EMPLOYEES WITH ACT FOR LESS THAN A YEAR. THE PRESIDENT & CEO ALSO RECEIVED AN ADDITIONAL BONUS AT THE DISCRETION OF THE BOARD AS DIRECTED BY ACT'S LEADERSHIP DEVELOPMENT COMMITTEE.