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Nonprofiteer
← MOUNT VERNON LADIES ASSOCIATION OF THE UNION

Form 990 for tax year 2023

Filed by MOUNT VERNON LADIES ASSOCIATION OF THE UNION.

Totals

Total revenue
$66,081,989
Total expenses
$62,081,177
Contributions and grants received
$30,123,272
Grants paid
$258,025
Program service revenue
$17,401,083
Investment income
$7,951,730
Other revenue
$10,605,904
Total assets, end of year
$365,785,943
Total liabilities, end of year
$22,449,245
Net assets or fund balances, end of year
$343,336,698
Program services expenses (Part IX)
$52,978,855
Management and general expenses
$4,294,301
Fundraising expenses
$4,808,021
Program service expenses (Part III)
$52,978,855

Program services were 85.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $2,106,934

  • 1c · Fundraising events

    $3,303,809

  • 1f · All other contributions, gifts and grants

    $24,712,529

  • 1g · Noncash contributions included above

    $7,273,405

  • 2a · Program service revenue: ADMISSION FEES

    total $14,643,036 · related or exempt $14,643,036

  • 2b · Program service revenue: EVENT REVENUE

    total $2,267,697 · related or exempt $2,267,697

  • 2c · Program service revenue: CONFERENCES & SYMPOSIA

    total $245,500 · related or exempt $245,500

  • 2d · Program service revenue: PRESERVATION TOURS

    total $244,850 · related or exempt $244,850

  • 3 · Investment income

    total $7,903,822 · excluded $7,903,822

  • 5 · Royalties

    total $71,864 · excluded $71,864

  • 7a · Gross sales of assets other than inventory

    securities $2,260,083

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

    securities $2,212,175

  • 7c · Gain or loss

    securities $47,908

  • 7d · Net gain or loss

    total $47,908 · excluded $47,908

  • 8a · Fundraising events: gross income

    $797,388

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

    $3,303,809

  • 8b · Fundraising events: direct expenses

    $886,387

  • 8c · Net income from fundraising events

    total -$88,999 · excluded -$88,999

  • 10a · Gross sales of inventory

    $17,135,888

  • 10b · Cost of goods sold

    $6,937,046

  • 10c · Net income from sales of inventory

    total $10,198,842 · related or exempt $8,957,388 · unrelated business $1,241,454

  • 11a · Other revenue: OTHER INCOME

    total $424,197 · excluded $424,197

  • 11e · Other revenue, total

    $424,197

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $65,525 · program services $65,525

  • 2 · Grants to domestic individuals

    total $132,500 · program services $132,500

  • 3 · Grants to foreign organizations and individuals

    total $60,000 · program services $60,000

  • 5 · Compensation of officers, directors and key employees

    total $1,724,207 · program services $1,014,380 · management and general $365,492 · fundraising $344,335

  • 7 · Other salaries and wages

    total $18,928,459 · program services $15,917,061 · management and general $1,608,208 · fundraising $1,403,190

  • 8 · Pension plan contributions

    total $1,384,881 · program services $1,144,554 · management and general $127,390 · fundraising $112,937

  • 9 · Other employee benefits

    total $2,110,293 · program services $1,739,155 · management and general $192,145 · fundraising $178,993

  • 10 · Payroll taxes

    total $1,634,305 · program services $1,341,072 · management and general $155,204 · fundraising $138,029

  • 11b · Fees: legal

    total $68,525 · management and general $68,525

  • 11c · Fees: accounting

    total $53,693 · management and general $53,693

  • 11e · Fees: professional fundraising services

    total $238,750 · fundraising $238,750

  • 11f · Fees: investment management

    total $138,985 · management and general $138,985

  • 11g · Fees: other

    total $3,493,478 · program services $2,511,332 · management and general $815,365 · fundraising $166,781

  • 12 · Advertising and promotion

    total $1,064,787 · program services $831,425 · management and general $7,650 · fundraising $225,712

  • 13 · Office expenses

    total $5,402,338 · program services $3,945,583 · management and general $401,797 · fundraising $1,054,958

  • 14 · Information technology

    total $478,819 · program services $87,965 · management and general $390,854

  • 16 · Occupancy

    total $15,822,084 · program services $15,622,666 · management and general $116,394 · fundraising $83,024

  • 17 · Travel

    total $542,679 · program services $475,155 · management and general $10,902 · fundraising $56,622

  • 19 · Conferences, conventions and meetings

    total $78,667 · program services $56,992 · management and general $16,031 · fundraising $5,644

  • 22 · Depreciation, depletion and amortization

    total $4,243,137 · program services $3,852,763 · management and general $195,187 · fundraising $195,187

  • 23 · Insurance

    total $312,699 · program services $250,159 · management and general $46,905 · fundraising $15,635

  • 24a · Other expenses: EVENT EXPENSES

    total $1,659,157 · program services $1,344,834 · management and general $10,699 · fundraising $303,624

  • 24b · Other expenses: COLLECTIONS/ACQUISITION

    total $1,535,845 · program services $1,535,845

  • 24c · Other expenses: DIRECT MAIL

    total $502,421 · program services $261,605 · management and general $6,785 · fundraising $234,031

  • 24d · Other expenses: MISCELLANIOUS EXPENSES

    total $404,943 · program services $346,081 · management and general $26,741 · fundraising $32,121

  • 24e · All other expenses

    program services $442,203 · management and general -$460,651 · fundraising $18,448

  • 26 · Joint costs (an allocation of the lines above)

    total $2,030,683 · program services $1,057,335 · management and general $27,421 · fundraising $945,927

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,534,479 · end of year $6,838,124

  • 2 · Savings and temporary cash investments

    beginning of year $25,422,310 · end of year $24,296,719

  • 3 · Pledges and grants receivable

    beginning of year $14,422,975 · end of year $18,842,195

  • 4 · Accounts receivable

    beginning of year $1,630,350 · end of year $218,944

  • 8 · Inventories for sale or use

    beginning of year $2,182,595 · end of year $3,087,411

  • 9 · Prepaid expenses and deferred charges

    beginning of year $330,818 · end of year $277,641

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

    $153,467,530

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

    $85,697,264

  • 10c · Land, buildings and equipment, net

    beginning of year $75,135,860 · end of year $67,770,266

  • 11 · Investments: publicly traded securities

    beginning of year $201,162,198 · end of year $233,446,341

  • 12 · Investments: other securities

    beginning of year $4,975,986 · end of year $4,781,940

  • 15 · Other assets

    beginning of year $3,849,951 · end of year $6,226,362

  • 17 · Accounts payable and accrued expenses

    beginning of year $4,050,322 · end of year $4,092,109

  • 19 · Deferred revenue

    beginning of year $363,596 · end of year $399,439

  • 20 · Tax-exempt bond liabilities

    beginning of year $15,000,000 · end of year $15,000,000

  • 25 · Other liabilities

    beginning of year $3,128,232 · end of year $2,957,697

  • 27 · Net assets without donor restrictions

    beginning of year $134,877,119 · end of year $139,258,406

  • 28 · Net assets with donor restrictions

    beginning of year $175,228,253 · end of year $204,078,292

Mission and programs · 2023

Mission

THE MISSION OF THE MOUNT VERNON LADIES' ASSOCIATION IS TO PRESERVE, RESTORE, AND MANAGE THE ESTATE OF GEORGE WASHINGTON TO THE HIGHEST STANDARDS AND TO EDUCATE VISITORS AND PEOPLE THROUGHOUT THE WORLD ABOUT THE LIFE AND LEGACIES OF GEORGE WASHINGTON, SO THAT HIS EXAMPLE OF CHARACTER AND LEADERSHIP WILL CONTINUE TO INFORM AND INSPIRE FUTURE GENERATIONS.

Activities or mission (Part I)

TO PRESERVE, RESTORE, AND MANAGE THE ESTATE OF GEORGE WASHINGTON AND EDUCATE VISTORS ABOUT HIS LIFE.

  • EDUCATION: MOUNT VERNON CONTINUED TO PROVIDE A SUPPORTIVE LEARNING SPACE FOR CIVIC ENGAGEMENT AND DISCOURSE AMONG TEACHERS AND STUDENTS, AND IT LOOKED TO GEORGE WASHINGTON'S LEGACY AND 18TH-CENTURY HISTORY FOR INSPIRATION AND INFORMATION.LAST YEAR MARKED THE SECOND YEAR OF THE RETURN OF THE IN-PERSON SUMMER RESIDENTIAL PROGRAMS. OVER THE COURSE OF SIX WEEKS IN THE SUMMER OF 2023, WE WELCOMED TEACHERS FROM ACROSS THE COUNTRY TO MOUNT VERNON IN PERSON WHERE THEY STUDIED DEEP CONTENT, PRACTICED TRANSFERRABLE TEACHING MODELS, HAD BEHIND-THE-SCENES EXPERIENCES, AND BUILT LASTING RELATIONSHIPS AS THEY EXPLORED THE HOME TO WHICH GEORGE WASHINGTON FELT SO CONNECTED. EACH WEEK, TEACHERS WERE IMMERSED IN A SAFE, FUN, AND INTELLECTUALLY STIMULATING ENVIRONMENT AS THEY STAYED IN HISTORIC OLD TOWN ALEXANDRIA, VIRGINIA, AND RECEIVED VIP EXPERIENCES AT AFFILIATED HISTORY AND CIVIC INSTITUTIONS IN THE D.C. METRO AREA. ATTENDEES DEVELOPED RELATIONSHIPS AND PROFESSIONAL LEARNING COMMUNITIES WITHIN THEIR COHORT, AND PARTICIPANTS CONTINUED TO ENGAGE WITH EACH OTHER AND MOUNT VERNON STAFF LONG AFTER THE PROGRAMS CONCLUDED.THE PROGRAMMING IN 2023 PRIORITIZED FOSTERING A SAFE AND INCLUSIVE ENVIRONMENT TO ALLOW PARTICIPANTS TO EXCHANGE COMPLEX IDEAS. TEACHERS ENGAGED IN DEEP CONVERSATIONS WITH VISITING SCHOLARS THAT CONNECTED EVENTS OF THE PAST WITH UNIQUE OBSTACLES FACING STUDENTS IN SCHOOLS TODAY.WE CONTINUED TO BUILD FROM THE SUCCESSES OF PRIOR NATIONAL DIGITAL INSTITUTES AND SYMPOSIUMS FOR TEACHERS. UNIQUE WEBSITES FOR EACH WEEK ALLOWED FOR EASIER DISSEMINATION OF INFORMATION AND COLLABORATION. OUR ANNUAL TWO-DAY DIGITAL SYMPOSIUM CENTERED ON THE PRESIDENTIAL LIBRARY'S 10TH ANNIVERSARY WITH A FOCUS ON THE PLETHORA OF DIGITAL RESOURCES AND PRIMARY SOURCES MADE AVAILABLE DIGITALLY AND FOR FREE BY STAFF AT THE GEORGE WASHINGTON PRESIDENTIAL LIBRARY. THIS FREE SYMPOSIUM SERVED TEACHERS NATIONWIDE AND PROVIDED INCLUSIVE CONTENT, CLASSROOM APPLICATIONS, AND A PROGRAM-DEDICATED WEBSITE.WE CONDUCTED A MULTITUDE OF REGIONAL WORKSHOPS WITH ALUMNI PARTICULARLY FROM THE WESTERN REGION OF THE COUNTRY, COLLABORATING WITH MOUNT VERNON STAFF AT THE ESTATE AND ACROSS THE NATION FOR REGIONAL WORKSHOPS, DISTANCE LEARNING PROGRAMS, CONFERENCES, SEMINARS, AND PODCASTS. WE LOOK FORWARD TO SUSTAINING THIS PARTNERSHIP AS WE PREPARE TO CELEBRATE THE 250TH ANNIVERSARY OF AMERICA'S INDEPENDENCE.ON A LOCAL SCALE WE CONDUCTED THE SECOND ANNUAL MOUNT VERNON STUDENT ADVISORY BOARD TO PROVIDE LEADERSHIP OPPORTUNITIES AND ENGAGEMENT WITH LOCAL STUDENTS FROM THE WASHINGTON DC, VIRGINIA AND MARYLAND AREA BY INVITING THEM TO SHARE THEIR PERSPECTIVES AND IDEAS ON HOW TO MAKE INSTITUTIONAL AND PROGRAMMATIC CHANGES TO ENGAGE AND EDUCATE MODERN YOUTH AND FAMILY VISITORS ON MOUNT VERNON AND GEORGE WASHINGTON'S LEGACY. THE EDUCATION DEPARTMENT ALSO SUPPORTED 294,100 STUDENTS VISITING FOR ONSITE FIELD TRIPS TO MOUNT VERNON. THESE STUDENTS, COMING FROM ALL OVER THE COUNTRY VISITED THE MANSION, EXPLORED THE FARM SITE, AND ATTENDED MANY OF OUR EDUCATIONAL FILMS SHOWING IN THE MUSEUM AND ORIENTATION CENTER.

    Expenses $27,706,999 · Grants $258,025 · Revenue $26,113,621

  • HISTORIC PRESERVATION AND COLLECTIONS: IN 2023, THE PRESERVATION TEAM EMBARKED ON A LANDMARK INITIATIVE TO PRESERVE GEORGE WASHINGTON'S HOME FOR GENERATIONS OF FUTURE VISITORS. PREPARATIONS FOR THIS MULTI-YEAR "MANSION REVITALIZATION" PROJECT INCLUDED THE EXPANSION OF THE UNDERGROUND BUNKER TO HOUSE IMPROVED MECHANICAL SYSTEMS; THE REMOVAL OF 1990S-ERA DUCTWORK; AND THE ASSESSMENT AND STABILIZATION OF THE CELLAR'S DRY WELL, A 1785 ARCHITECTURAL FEATURE. THE ARCHAEOLOGY TEAM EXCAVATED ALL ROOMS OF THE MANSION CELLAR, IN PREPARATION FOR INSTALLING NEW UNDERGROUND DUCTWORK; THEY ALSO CONDUCTED A FIELD SCHOOL AT THE SITE OF GEORGE WASHINGTON'S UNION FARM, IDENTIFYING LIKELY EVIDENCE OF TWO WELLS, GARDEN PLOTS, AND DOMESTIC STRUCTURES OF THE ENSLAVED COMMUNITY ON THIS OUTLYING FARM. THE ARCHITECTURE TEAM COMPLETED THE EXTERIOR RESTORATION OF THE MANSION'S EAST FRONT; REFRESHED ITS FIRST-FLOOR BEDCHAMBER; COMPLETED FRAMING AND ROOF REPAIRS OF THE MANSION'S NORTH COLONNADE AND FRAMING AND SIDING REPAIRS OF THE WASH HOUSE;, AND CONSTRUCTED A POULTRY COOP. THE FINE AND DECORATIVE ARTS (FDA) TEAM COMPLETED THE ACQUISITION OF THE PETER PRESIDENTIAL COLLECTION, INCLUDING NEARLY 100 ORIGINAL WASHINGTON ITEMS, AND REINSTALLED THE MANSION'S LITTLE PARLOR AND THE WASH HOUSE, THE LATTER INTERPRETING WORK DONE BY ENSLAVED LAUNDRESSES DOLSHY AND VINA. THE FDA TEAM ALSO INSTALLED A NEW EXHIBIT OF WASHINGTON AND MOUNT VERNON COMMEMORATIVES IN THE WASHINGTON PRESIDENTIAL LIBRARY AND CONSERVED AND REHOUSED ADDITIONAL ORIGINAL WASHINGTON TEXTILES.

    Expenses $25,271,856 · Revenue $244,850

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Margaret Hartman Nichols

    REGENT

    Total calculated
    $0
    Hours/week
    20

  • Andrea Notman Sahin

    SECRETARY

    Total calculated
    $0
    Hours/week
    20

  • Anne Neal Petri

    TREASURER

    Total calculated
    $0
    Hours/week
    20

  • Sarah Seaman Alijani

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Mary Lang Bishop

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Ann Haunschild Bookout

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Maribeth Armstrong Borthwick

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Sarah Miller Coulson

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Carolyn Sherrill Fuller

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Elizabeth Medlin Hale

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Lucia Bosqui Henderson

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Adrian MacLean Jay

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Karen McCabe Kirby

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Virginia Dawson Lane

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Helen Herboth Laughery

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Elizabeth Rollins Mauran

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Cameron Kock Mayer

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Catherine Hamilton Mayton

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Susan Brewster McCarthy

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Ann Sherrill Pyne

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Laura Peebles Rutherford

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Ann Cady Scott

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Susan Marshall Townsend

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Catherine Marlette Waddell

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Hilary Carter West

    VICE REGENT

    Total calculated
    $0
    Hours/week
    10

  • Douglas Bradburn

    PRESIDENT/CEO

    Total calculated
    $474,230
    From this org
    $459,925
    From related orgs
    $0
    Other
    $14,305
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $448,829
    Bonus
    $250
    Other
    $10,846
    Deferred
    $6,600
    Nontaxable benefits
    $7,705
    Filer's total
    $474,230

  • Philip L Manno

    CHIEF FINANCIAL OFFICER

    Total calculated
    $294,357
    From this org
    $277,691
    From related orgs
    $0
    Other
    $16,666
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $277,691
    Bonus
    $0
    Other
    $0
    Deferred
    $5,704
    Nontaxable benefits
    $10,962
    Filer's total
    $294,357

  • Patrick Spero

    EXECUTIVE DIRECTOR OF WA LIBRARY

    Total calculated
    $263,705
    From this org
    $257,241
    From related orgs
    $0
    Other
    $6,464
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $204,241
    Bonus
    $53,000
    Other
    $0
    Deferred
    $1,385
    Nontaxable benefits
    $5,079
    Filer's total
    $263,705

  • Joseph A Bondi

    SVP OF DEVELOPMENT

    Total calculated
    $273,201
    From this org
    $266,373
    From related orgs
    $0
    Other
    $6,828
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,373
    Bonus
    $0
    Other
    $0
    Deferred
    $5,318
    Nontaxable benefits
    $1,510
    Filer's total
    $273,201

  • Susan Schoelwer

    EXEC. DIR. OF HPC & RHS SR. CURATOR

    Total calculated
    $228,842
    From this org
    $212,597
    From related orgs
    $0
    Other
    $16,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,597
    Bonus
    $0
    Other
    $0
    Deferred
    $4,338
    Nontaxable benefits
    $11,907
    Filer's total
    $228,842

  • Karol Wickens

    VP OF EDUCATION

    Total calculated
    $189,871
    From this org
    $182,753
    From related orgs
    $0
    Other
    $7,118
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,753
    Bonus
    $0
    Other
    $0
    Deferred
    $3,681
    Nontaxable benefits
    $3,437
    Filer's total
    $189,871

  • Berend Oltmans

    DIRECTOR OF IT

    Total calculated
    $197,050
    From this org
    $192,190
    From related orgs
    $0
    Other
    $4,860
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,690
    Bonus
    $4,300
    Other
    $1,200
    Deferred
    $3,829
    Nontaxable benefits
    $1,031
    Filer's total
    $197,050

  • Matthew K Briney

    VP OF MEDIA & COMMUNICATIONS

    Total calculated
    $191,019
    From this org
    $183,441
    From related orgs
    $0
    Other
    $7,578
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,441
    Bonus
    $0
    Other
    $0
    Deferred
    $3,860
    Nontaxable benefits
    $3,718
    Filer's total
    $191,019

  • Carolina Camargo

    SENIOR DIRECTOR OF DEVELOPMENT

    Total calculated
    $173,708
    From this org
    $163,881
    From related orgs
    $0
    Other
    $9,827
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $163,881
    Bonus
    $0
    Other
    $0
    Deferred
    $3,397
    Nontaxable benefits
    $6,430
    Filer's total
    $173,708

  • Amerlia Turcotte

    SENIOR DIRECTOR OF DEVELOPMENT

    Total calculated
    $170,113
    From this org
    $162,302
    From related orgs
    $0
    Other
    $7,811
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,177
    Bonus
    $125
    Other
    $0
    Deferred
    $3,325
    Nontaxable benefits
    $4,486
    Filer's total
    $170,113

  • Tewedage Yohanes

    CONTROLLER

    Total calculated
    $114,517
    From this org
    $113,839
    From related orgs
    $0
    Other
    $678
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
THE PRESIDENT/CEO OF THE ASSOCIATION IS REQUIRED TO LIVE ON THE PREMISES AND IS PROVIDED WITH HOUSING, AND PERSONAL SERVICES FOR THE CARE OF THE PROPERTY. AS SUCH, THESE ARE NON-TAXABLE ALLOWANCES. SOCIAL CLUB DUES WERE REIMBURSED AND RECORDED AS TAXABLE ON THE FORM W-2.
PART I, LINE 7
ALTHOUGH THE MAJORITY OF BONUSES PAID FOR 2023 WERE FIXED PERFORMANCE BONUSES, THERE WAS A SMALLER NUMBER OF NON-FIXED, DISCRETIONARY BONUSES THAT WERE GIVEN OUT THROUGHOUT THE YEAR.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
28 October 2024
IRS schema version
2023v5.1
Source object
202413039349302221

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