Form 990 for tax year 2023

1e · Government grants (contributions)

$515,000

1f · All other contributions, gifts and grants

$4,057,934

1g · Noncash contributions included above

$64,576

2a · Program service revenue: SERVICE FEES INCOME

total $1,170,000 · related or exempt $1,170,000

3 · Investment income

total $1,121,420 · excluded $1,121,420

5 · Royalties

total $20,000 · excluded $20,000

7a · Gross sales of assets other than inventory

securities $9,811,742

7b · Less cost or other basis and sales expenses

securities $4,064,498

7c · Gain or loss

securities $5,747,244

7d · Net gain or loss

total $5,747,244 · excluded $5,747,244

1 · Grants to domestic organizations and governments

total $2,643,450 · program services $2,643,450

5 · Compensation of officers, directors and key employees

total $416,758 · program services $170,871 · management and general $150,032 · fundraising $95,855

7 · Other salaries and wages

total $1,835,157 · program services $908,817 · management and general $416,517 · fundraising $509,823

8 · Pension plan contributions

total $49,300 · program services $20,213 · management and general $17,748 · fundraising $11,339

9 · Other employee benefits

total $138,408 · program services $61,503 · management and general $50,080 · fundraising $26,825

10 · Payroll taxes

total $82,191 · program services $33,698 · management and general $29,589 · fundraising $18,904

11b · Fees: legal

total $4,043 · management and general $4,043

11c · Fees: accounting

total $37,616 · management and general $37,616

11d · Fees: lobbying

total $42,000 · management and general $42,000

11f · Fees: investment management

total $112,178 · management and general $112,178

11g · Fees: other

total $171,117 · program services $55,455 · management and general $27,412 · fundraising $88,250

12 · Advertising and promotion

total $20,871 · program services $2,149 · management and general $16,687 · fundraising $2,035

13 · Office expenses

total $178,883 · program services $102,011 · management and general $28,614 · fundraising $48,258

16 · Occupancy

total $25,000 · management and general $25,000

17 · Travel

total $37,518 · program services $31,207 · management and general $53 · fundraising $6,258

19 · Conferences, conventions and meetings

total $11,621 · program services $4,396 · management and general $1,574 · fundraising $5,651

23 · Insurance

total $3,931 · management and general $3,931

24a · Other expenses: PUBLIC RELATIONS

total $504,848 · program services $491,267 · management and general $6,298 · fundraising $7,283

24b · Other expenses: DIRECT UNIVERSITY COSTS

total $92,331 · program services $92,331

24c · Other expenses: AMORTIZATION BOND PREMI

total $43,586 · management and general $43,586

24d · Other expenses: MISCELLANEOUS

total $31,661 · management and general $1,456 · fundraising $30,205

24e · All other expenses

total $11,642 · program services $5,655 · management and general $2,623 · fundraising $3,364

1 · Cash, non-interest-bearing

beginning of year $1,350,889 · end of year $198,179

2 · Savings and temporary cash investments

beginning of year $1,736,997 · end of year $2,205,045

3 · Pledges and grants receivable

beginning of year $2,012,445 · end of year $3,742,833

9 · Prepaid expenses and deferred charges

beginning of year $45,798 · end of year $44,838

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

$25,419

10b · Land, buildings and equipment: accumulated depreciation

$25,419

10c · Land, buildings and equipment, net

beginning of year $0 · end of year $0

11 · Investments: publicly traded securities

beginning of year $31,674,671 · end of year $31,964,479

12 · Investments: other securities

end of year $1,700,000

17 · Accounts payable and accrued expenses

beginning of year $129,837 · end of year $77,391

25 · Other liabilities

beginning of year $764,579 · end of year $1,979,103

27 · Net assets without donor restrictions

beginning of year $5,756,889 · end of year $7,270,194

28 · Net assets with donor restrictions

beginning of year $30,169,495 · end of year $30,528,686