Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $243,331

• 1f · All other contributions, gifts and grants

  $1,643,947

• 2a · Program service revenue: PROGRAM INCOME

  total $1,091,208 · related or exempt $1,091,208

• 3 · Investment income

  total $180,018 · excluded $180,018

• 7a · Gross sales of assets other than inventory

  securities $6,671,508

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

  securities $6,632,140

• 7c · Gain or loss

  securities $39,368

• 7d · Net gain or loss

  total $39,368 · excluded $39,368

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $100,096 · program services $100,096

• 5 · Compensation of officers, directors and key employees

  total $193,879 · program services $155,103 · management and general $19,388 · fundraising $19,388

• 7 · Other salaries and wages

  total $2,886,004 · program services $2,041,345 · management and general $613,171 · fundraising $231,488

• 8 · Pension plan contributions

  total $95,929 · program services $68,060 · management and general $22,339 · fundraising $5,530

• 9 · Other employee benefits

  total $326,695 · program services $233,916 · management and general $72,948 · fundraising $19,831

• 10 · Payroll taxes

  total $264,667 · program services $189,503 · management and general $59,098 · fundraising $16,066

• 11c · Fees: accounting

  total $56,640 · management and general $56,640

• 11f · Fees: investment management

  total $22,047 · management and general $22,047

• 11g · Fees: other

  total $128,553 · program services $79,168 · management and general $36,897 · fundraising $12,488

• 12 · Advertising and promotion

  total $2,627 · fundraising $2,627

• 13 · Office expenses

  total $112,131 · program services $45,869 · management and general $54,575 · fundraising $11,687

• 14 · Information technology

  total $25,338 · program services $616 · management and general $23,737 · fundraising $985

• 16 · Occupancy

  total $25,094 · program services $14,551 · management and general $5,692 · fundraising $4,851

• 17 · Travel

  total $16,393 · program services $10,809 · management and general $5,275 · fundraising $309

• 23 · Insurance

  total $21,657 · program services $17,245 · management and general $2,823 · fundraising $1,589

• 24a · Other expenses: SCHOLAR AND FAMILY SERV

  total $92,792 · program services $92,792

• 24b · Other expenses: BOOKS AND CLASSROOM MAT

  total $52,600 · program services $52,600

• 24c · Other expenses: MISCELLANEOUS

  total $15,589 · program services $9,233 · management and general $1,943 · fundraising $4,413

• 24d · Other expenses: SCHOLAR TRANSPORTATION

  total $7,967 · program services $7,967

• 24e · All other expenses

  total $6,552 · management and general $44 · fundraising $6,508

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $623,729 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $522,830 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $6,341,887 · end of year $0

• 4 · Accounts receivable

  beginning of year $631,586 · end of year $0

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  end of year $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $9,725,482 · end of year $0

• 12 · Investments: other securities

  end of year $0

• 13 · Investments: program-related

  end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $49,450 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $238,785

• 27 · Net assets without donor restrictions

  beginning of year $1,070,592 · end of year $0

• 28 · Net assets with donor restrictions

  beginning of year $16,585,587 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD REVIEWS THE EXECUTIVE DIRECTOR'S SALARY ANNUALLY. THERE IS NO COMPENSATION FOR BOARD MEMBERS.