Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $960,947

• 1e · Government grants (contributions)

  $131,597

• 2a · Program service revenue: CONVENTION REVENUE

  total $80,895 · related or exempt $80,895

• 2b · Program service revenue: COMMITTEE & OTHER MEETINGS

  total $42,632 · related or exempt $42,632

• 2c · Program service revenue: MEMBER SERVICES

  total $9,329 · unrelated business $9,329

• 3 · Investment income

  total $37,634 · excluded $37,634

• 5 · Royalties

  total $1,542,181 · excluded $1,542,181

• 7a · Gross sales of assets other than inventory

  securities $77,164 · other assets $81,700

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

  securities $48,713 · other assets $58,503

• 7c · Gain or loss

  securities $28,451 · other assets $23,197

• 7d · Net gain or loss

  total $51,648 · excluded $51,648

• 8a · Fundraising events: gross income

  $15,847

• 8b · Fundraising events: direct expenses

  $2,768

• 8c · Net income from fundraising events

  total $13,079 · excluded $13,079

• 11a · Other revenue: ADVERTISING

  total $22,830 · unrelated business $22,830

• 11b · Other revenue: REIMBURSEMENTS FROM COUNTIES

  total $12,319 · related or exempt $12,319

• 11e · Other revenue, total

  $35,149

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $22,000

• 5 · Compensation of officers, directors and key employees

  total $287,518

• 7 · Other salaries and wages

  total $600,752

• 8 · Pension plan contributions

  total $25,814

• 9 · Other employee benefits

  total $300,394

• 10 · Payroll taxes

  total $77,050

• 11b · Fees: legal

  total $12,799

• 11c · Fees: accounting

  total $34,003

• 13 · Office expenses

  total $60,656

• 14 · Information technology

  total $15,133

• 16 · Occupancy

  total $105,445

• 17 · Travel

  total $96,845

• 19 · Conferences, conventions and meetings

  total $282,577

• 20 · Interest

  total $2,919

• 22 · Depreciation, depletion and amortization

  total $47,222

• 23 · Insurance

  total $5,056

• 24a · Other expenses: PUBLICATIONS

  total $169,767

• 24b · Other expenses: MSFAG EXPENSES

  total $113,934

• 24c · Other expenses: AFBF DUES

  total $97,560

• 24d · Other expenses: PUBLIC RELATIONS

  total $86,554

• 24e · All other expenses

  total $230,461

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $364,946 · end of year $482,414

• 2 · Savings and temporary cash investments

  beginning of year $700,000 · end of year $600,000

• 3 · Pledges and grants receivable

  beginning of year $10,150 · end of year $27,600

• 4 · Accounts receivable

  beginning of year $44,935 · end of year $76,959

• 8 · Inventories for sale or use

  beginning of year $19,268 · end of year $19,268

• 9 · Prepaid expenses and deferred charges

  beginning of year $29,144 · end of year $21,417

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

  $227,876

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

  $56,605

• 10c · Land, buildings and equipment, net

  beginning of year $117,293 · end of year $171,271

• 11 · Investments: publicly traded securities

  beginning of year $462,162 · end of year $188,159

• 13 · Investments: program-related

  beginning of year $748,056 · end of year $748,258

• 14 · Intangible assets

  beginning of year $44,288 · end of year $67,175

• 17 · Accounts payable and accrued expenses

  beginning of year $182,927 · end of year $235,893

• 19 · Deferred revenue

  beginning of year $389,358 · end of year $392,217

• 23 · Secured mortgages and notes payable

  beginning of year $9,304 · end of year $70,299

• 25 · Other liabilities

  beginning of year $544,184 · end of year $68,678

• 27 · Net assets without donor restrictions

  beginning of year $1,410,989 · end of year $1,629,964

• 28 · Net assets with donor restrictions

  beginning of year $3,480 · end of year $5,470

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD, THROUGH AN EXECUTIVE SESSION, REVIEWS THE BUDGET WHICH CONTAINS THE WAGE FOR THE EXECUTIVE VICE PRESIDENT. THIS WAGE IS PROPOSED BY THE STAFF AS PART OF THE BUDGETING PROCESS. THE BOARD, WHO IS AWARE OF COMPARABLE WAGES WITHIN THE STATE, THEN ADJUSTS AND APPROVES THE WAGE WITH THE BUDGET AS THEY DETERMINE IS REASONABLE.