Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $107,650

• 1f · All other contributions, gifts and grants

  $1,348,687

• 1g · Noncash contributions included above

  $66,725

• 3 · Investment income

  total $687,948 · excluded $687,948

• 7a · Gross sales of assets other than inventory

  securities $9,288,514

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

  securities $8,014,311

• 7c · Gain or loss

  securities $1,274,203

• 7d · Net gain or loss

  total $1,274,203 · excluded $1,274,203

• 8a · Fundraising events: gross income

  $23,015

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

  $107,650

• 8b · Fundraising events: direct expenses

  $66,359

• 8c · Net income from fundraising events

  total -$43,344 · excluded -$43,344

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,387,011 · program services $1,387,011

• 2 · Grants to domestic individuals

  total $72,957 · program services $72,957

• 11c · Fees: accounting

  total $3,700 · management and general $3,700

• 11f · Fees: investment management

  total $197,340 · management and general $197,340

• 11g · Fees: other

  total $8,500 · management and general $8,500

• 12 · Advertising and promotion

  total $166,515 · program services $144,623 · management and general $1,796 · fundraising $20,096

• 13 · Office expenses

  total $8,600 · management and general $8,310 · fundraising $290

• 14 · Information technology

  total $48,521 · program services $14,000 · management and general $17,629 · fundraising $16,892

• 17 · Travel

  total $14,985 · program services $8,073 · management and general $4,770 · fundraising $2,142

• 19 · Conferences, conventions and meetings

  total $11,536 · program services $8,404 · management and general $3,132

• 23 · Insurance

  total $9,306 · management and general $9,306

• 24a · Other expenses: DISPLAYS & PLAQUES

  total $25,157 · program services $25,157

• 24b · Other expenses: RENTAL FEE FOR PARKING

  total $15,430 · program services $15,430

• 24c · Other expenses: EDUC SUPPLIES & FEES

  total $10,752 · program services $10,752

• 24d · Other expenses: OTHER EXPENSES

  total $4,667 · program services $4,667

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,147,454 · end of year $1,867,233

• 3 · Pledges and grants receivable

  beginning of year $435,445 · end of year $450,819

• 4 · Accounts receivable

  beginning of year $110

• 9 · Prepaid expenses and deferred charges

  beginning of year $14,296 · end of year $93,841

• 11 · Investments: publicly traded securities

  end of year $33,808,602

• 17 · Accounts payable and accrued expenses

  end of year $46,043

• 19 · Deferred revenue

  beginning of year $47,140 · end of year $23,126

• 25 · Other liabilities

  end of year $5,984,997

• 27 · Net assets without donor restrictions

  beginning of year $511,683 · end of year $2,853,807

• 28 · Net assets with donor restrictions

  beginning of year $1,038,482 · end of year $27,312,522

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3

THE EXECUTIVE DIRECTOR IS AN EMPLOYEE OF DELTA COLLEGE, A RELATED ORGANIZATION. THE COLLEGE DETERMINES AND PAYS THE EXECUTIVE DIRECTOR'S COMPENSATION. HER PAY IS BASED ON THE COLLEGE BOARD APPROVED EVALUATION PROCESS THAT INCORPORATES SALARY MARKET COMPARISONS AND A UNIFORMLY APPLIED PERFORMANCE MANAGEMENT SYSTEM. ANNUAL COMPENSATION INCREASES, IF ANY, ARE APPROVED BY THE COLLEGE BOARD OF TRUSTEES.