Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $303,942

• 1c · Fundraising events

  $1,942,674

• 1e · Government grants (contributions)

  $1,094,723

• 1f · All other contributions, gifts and grants

  $6,194,189

• 1g · Noncash contributions included above

  $1,289,263

• 2a · Program service revenue: ADMISSIONS INCOME

  total $611,620 · related or exempt $611,620

• 2b · Program service revenue: OTHER PROGRAMS

  total $56,771 · related or exempt $56,771

• 2c · Program service revenue: SPEAKER INCOME

  total $4,904 · related or exempt $4,904

• 3 · Investment income

  total $1,202,707 · excluded $1,202,707

• 7a · Gross sales of assets other than inventory

  securities $15,358,903

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

  securities $15,178,973

• 7c · Gain or loss

  securities $179,930

• 7d · Net gain or loss

  total $179,930 · excluded $179,930

• 8a · Fundraising events: gross income

  $1,088,156

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

  $1,942,674

• 8b · Fundraising events: direct expenses

  $883,389

• 8c · Net income from fundraising events

  total $204,767 · excluded $204,767

• 9a · Gaming: gross income

  $824,624

• 9b · Gaming: direct expenses

  $334,071

• 9c · Net income from gaming

  total $490,553 · excluded $490,553

• 10a · Gross sales of inventory

  $159,250

• 10b · Cost of goods sold

  $123,188

• 10c · Net income from sales of inventory

  total $36,062 · related or exempt $13,294 · unrelated business $22,768

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $945,390 · program services $414,499 · management and general $197,013 · fundraising $333,878

• 7 · Other salaries and wages

  total $2,402,866 · program services $1,520,977 · management and general $520,885 · fundraising $361,004

• 8 · Pension plan contributions

  total $45,714 · program services $26,738 · management and general $9,376 · fundraising $9,600

• 9 · Other employee benefits

  total $278,188 · program services $175,355 · management and general $47,501 · fundraising $55,332

• 10 · Payroll taxes

  total $229,483 · program services $139,379 · management and general $44,521 · fundraising $45,583

• 11c · Fees: accounting

  total $108,484 · management and general $108,484

• 11d · Fees: lobbying

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

• 11f · Fees: investment management

  total $108,598 · management and general $108,598

• 12 · Advertising and promotion

  total $146,715 · program services $146,715

• 13 · Office expenses

  total $144,551 · program services $127,475 · management and general $4,770 · fundraising $12,306

• 14 · Information technology

  total $209,755 · program services $209,755

• 16 · Occupancy

  total $1,140,852 · program services $1,140,852

• 19 · Conferences, conventions and meetings

  total $109,202 · program services $89,248 · management and general $17,804 · fundraising $2,150

• 20 · Interest

  total $697 · management and general $697

• 22 · Depreciation, depletion and amortization

  total $2,649,417 · program services $2,649,417

• 23 · Insurance

  total $104,894 · program services $80,709 · management and general $24,185

• 24a · Other expenses: EDUCATION

  total $983,905 · program services $983,905

• 24b · Other expenses: SPECIAL EXHIBITIONS

  total $612,813 · program services $612,813

• 24c · Other expenses: BANK CHARGES AND LOC FE

  total $306,514 · program services $10,713 · fundraising $295,801

• 24d · Other expenses: FUNDRAISING - MISC

  total $17,485 · fundraising $17,485

• 24e · All other expenses

  total $398,781 · program services $97,806 · management and general $68,986 · fundraising $231,989

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,382,100 · end of year $5,687,213

• 2 · Savings and temporary cash investments

  beginning of year $2,996,994 · end of year $5,757,754

• 3 · Pledges and grants receivable

  beginning of year $5,484,613 · end of year $5,447,418

• 4 · Accounts receivable

  beginning of year $68,726 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $641,015 · end of year $651,671

• 8 · Inventories for sale or use

  beginning of year $61,186 · end of year $42,080

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,358,521 · end of year $1,559,884

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

  $61,525,786

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

  $27,346,556

• 10c · Land, buildings and equipment, net

  beginning of year $35,762,492 · end of year $34,179,230

• 11 · Investments: publicly traded securities

  beginning of year $29,783,184 · end of year $30,354,786

• 17 · Accounts payable and accrued expenses

  beginning of year $285,491 · end of year $324,373

• 19 · Deferred revenue

  beginning of year $1,562,589 · end of year $2,167,356

• 25 · Other liabilities

  beginning of year $1,348,678 · end of year $1,354,076

• 27 · Net assets without donor restrictions

  beginning of year $68,454,406 · end of year $72,353,459

• 28 · Net assets with donor restrictions

  beginning of year $7,887,667 · end of year $7,480,772

The filer's explanations (Part III)

PART I, LINE 4B

THE FOUNDATION ENTERED INTO AN EMPLOYMENT AGREEMENT WITH THE CURRENT CHIEF EXECUTIVE OFFICER. PER THE TERMS OF THE AGREEMENT, THE FOUNDATION IS TO MAKE CONTRIBUTIONS EQUAL TO 5 PERCENT OF THE CHIEF EXECUTIVE OFFICER'S SALARY AND BONUS EACH YEAR INTO A DEFERRED COMPENSATION VEHICLE. THE CONTRIBUTIONS VEST IMMEDIATELY. FOR 2023, $18,750 WAS REPORTED AS DEFERRED COMPENSATION RELATED TO THIS AGREEMENT.

PART I, LINE 7

CERTAIN INDIVIDUALS RECEIVED BONUSES BASED ON PERFORMANCE AND ACHIEVING ESTABLISHED BENCHMARKS OF THE ORGANIZATION. THESE BONUSES ARE APPROVED BY THE BOARD OF DIRECTORS.