Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $569,964

• 1f · All other contributions, gifts and grants

  $27,073,489

• 1g · Noncash contributions included above

  $466,803

• 2a · Program service revenue: FUNDRAISING ACTIVITIES

  total $2,128,135 · related or exempt $2,128,135

• 2b · Program service revenue: FACILITY RENTAL

  total $384,000 · related or exempt $384,000

• 3 · Investment income

  total $1,942,948 · unrelated business $1,845 · excluded $1,941,103

• 7a · Gross sales of assets other than inventory

  securities $21,993,868 · other assets $750,000

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

  securities $22,175,447 · other assets $216,017

• 7c · Gain or loss

  securities -$181,579 · other assets $533,983

• 7d · Net gain or loss

  total $352,404 · excluded $352,404

• 8a · Fundraising events: gross income

  $774,411

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

  $569,964

• 8b · Fundraising events: direct expenses

  $349,716

• 8c · Net income from fundraising events

  total $424,695 · excluded $424,695

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $23,696,789 · program services $23,696,789

• 11c · Fees: accounting

  total $116,817 · program services $47,722 · management and general $69,095

• 11d · Fees: lobbying

  total $241,009 · management and general $241,009

• 11f · Fees: investment management

  total $231,386 · management and general $231,386

• 11g · Fees: other

  total $962,381 · program services $707,276 · management and general $109,891 · fundraising $145,214

• 12 · Advertising and promotion

  total $266,311 · program services $58,186 · fundraising $208,125

• 13 · Office expenses

  total $1,305,307 · program services $1,041,430 · management and general $170,025 · fundraising $93,852

• 14 · Information technology

  total $123,602 · program services $121,677 · fundraising $1,925

• 16 · Occupancy

  total $179,809 · program services $171,763 · management and general $7,266 · fundraising $780

• 17 · Travel

  total $386,222 · program services $367,578 · management and general $5,542 · fundraising $13,102

• 19 · Conferences, conventions and meetings

  total $1,967,124 · program services $1,170,567 · management and general $449,907 · fundraising $346,650

• 22 · Depreciation, depletion and amortization

  total $37,320 · management and general $37,320

• 23 · Insurance

  total $132,790 · program services $82,895 · management and general $360 · fundraising $49,535

• 24a · Other expenses: GIFTS/ACKNOWLEDGMENTS

  total $70,017 · program services $45,095 · management and general $15,198 · fundraising $9,724

• 24b · Other expenses: UNRELATED BUSINESS TAX

  total $234 · management and general $234

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $408,955 · program services $376,886 · management and general $17,359 · fundraising $14,710

• 24d · Other expenses: PROGRAM PRODUCTION

  total $298,972 · program services $298,972

• 24e · All other expenses

  total $216,439 · program services $123,292 · management and general $91,217 · fundraising $1,930

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $44,416,774 · end of year $43,921,793

• 3 · Pledges and grants receivable

  beginning of year $5,491,093 · end of year $3,563,058

• 9 · Prepaid expenses and deferred charges

  beginning of year $48,215

• 10c · Land, buildings and equipment, net

  beginning of year $4,183,070

• 11 · Investments: publicly traded securities

  beginning of year $130,359,147 · end of year $156,554,948

• 12 · Investments: other securities

  beginning of year $817,235 · end of year $697,934

• 14 · Intangible assets

  end of year $50,350

• 15 · Other assets

  beginning of year $383,670 · end of year $1,327,164

• 17 · Accounts payable and accrued expenses

  beginning of year $239,020 · end of year $468,093

• 19 · Deferred revenue

  end of year $32,000

• 25 · Other liabilities

  beginning of year $2,140,502 · end of year $2,431,854

• 27 · Net assets without donor restrictions

  beginning of year $13,697,141 · end of year $14,365,069

• 28 · Net assets with donor restrictions

  beginning of year $169,622,541 · end of year $188,818,231

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION FOR OFFICERS AND KEY EMPLOYEES IS DETERMINED UNDER THE HUMAN RESOURCE POLICIES OF THE UNIVERSITY. THE FOUNDATION RELIES ON THE UNIVERSITY TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND CHIEF FINANCIAL OFFICER.