Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $17,458

• 1f · All other contributions, gifts and grants

  $359,295

• 3 · Investment income

  total $44,855 · excluded $44,855

• 8a · Fundraising events: gross income

  $0

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

  $17,458

• 8b · Fundraising events: direct expenses

  $15,849

• 8c · Net income from fundraising events

  total -$15,849 · excluded -$15,849

• 10a · Gross sales of inventory

  $3,936

• 10b · Cost of goods sold

  $3,124

• 10c · Net income from sales of inventory

  total $812 · excluded $812

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $33,154 · program services $33,154

• 7 · Other salaries and wages

  total $46,222 · management and general $46,222

• 11c · Fees: accounting

  total $19,969 · management and general $19,969

• 13 · Office expenses

  total $2,909 · management and general $2,909

• 24a · Other expenses: FUNDRAISING EXPENSES

  total $7,655 · fundraising $7,655

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $840,464 · end of year $1,224,320

• 3 · Pledges and grants receivable

  beginning of year $190,498 · end of year $77,498

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

  $812

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

  $812

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $591,935 · end of year $697,995

• 17 · Accounts payable and accrued expenses

  end of year $5,965

• 25 · Other liabilities

  beginning of year $16,842 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $1,606,055 · end of year $1,993,848

The filer's explanations (Part III)

PART I, LINE 3

THE CEO IS COMPENSATED BY BETHESDA, A MINNESOTA NON-PROFIT RELATED ORGANIZATION. BETHESDA USES THE FOLLOWING TO ESTABLISH THE CEO'S COMPENSATION. 1. INDEPENDENT COMPENSATION CONSULTANT 2. COMPENSATION SURVEY 3. APPROVAL BY THE BOARD OF DIRECTORS OR COMPENSATION COMMITTEE