Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $597,000

• 2a · Program service revenue: MEMBERSHIP SERVICES

  total $2,811,178 · related or exempt $2,809,678 · unrelated business $1,500

• 2b · Program service revenue: MEETINGS & CONT. ED.

  total $2,552,389 · related or exempt $2,552,389

• 2c · Program service revenue: PUBLICATIONS

  total $2,300 · related or exempt $2,300

• 3 · Investment income

  total $337,148 · excluded $337,148

• 5 · Royalties

  total $5,008 · excluded $5,008

• 7a · Gross sales of assets other than inventory

  securities $1,018,654

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

  securities $834,951

• 7c · Gain or loss

  securities $183,703

• 7d · Net gain or loss

  total $183,703 · excluded $183,703

• 11a · Other revenue: INSURANCE PROCEEDS

  total $269,000 · excluded $269,000

• 11e · Other revenue, total

  $269,000

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,364,158 · program services $673,763 · management and general $690,395

• 7 · Other salaries and wages

  total $1,514,250 · program services $1,112,548 · management and general $401,702

• 8 · Pension plan contributions

  total $114,814 · program services $87,485 · management and general $27,329

• 9 · Other employee benefits

  total $154,751 · program services $109,751 · management and general $45,000

• 10 · Payroll taxes

  total $184,648 · program services $116,905 · management and general $67,743

• 11b · Fees: legal

  total $58,426 · program services $14,444 · management and general $43,982

• 11c · Fees: accounting

  total $32,113 · program services $20,332 · management and general $11,781

• 11f · Fees: investment management

  total $50,626 · management and general $50,626

• 11g · Fees: other

  total $308,981 · program services $191,950 · management and general $117,031

• 13 · Office expenses

  total $246,462 · program services $194,388 · management and general $52,074

• 14 · Information technology

  total $293,815 · program services $214,748 · management and general $79,067

• 16 · Occupancy

  total $243,382 · program services $154,090 · management and general $89,292

• 17 · Travel

  total $296,271 · program services $197,919 · management and general $98,352

• 19 · Conferences, conventions and meetings

  total $1,209,046 · program services $1,107,503 · management and general $101,543

• 22 · Depreciation, depletion and amortization

  total $114,549 · program services $60,808 · management and general $53,741

• 23 · Insurance

  total $38,792 · program services $29,561 · management and general $9,231

• 24a · Other expenses: LEGAL SETTLEMENT

  total $269,000 · management and general $269,000

• 24b · Other expenses: LOSS ON DISPOSAL OF FUR

  total $60,005 · management and general $60,005

• 24c · Other expenses: FURNITURE AND EQUIP. RE

  total $32,769 · program services $32,047 · management and general $722

• 24d · Other expenses: MISCELLANEOUS

  total $15,891 · program services $3,720 · management and general $12,171

• 24e · All other expenses

  total $9,700 · program services $6,623 · management and general $3,077

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $284,221 · end of year $649,434

• 2 · Savings and temporary cash investments

  beginning of year $808,865 · end of year $998,741

• 4 · Accounts receivable

  beginning of year $376,123 · end of year $632,958

• 9 · Prepaid expenses and deferred charges

  beginning of year $250,543 · end of year $423,277

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

  $1,184,582

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

  $658,960

• 10c · Land, buildings and equipment, net

  beginning of year $304,131 · end of year $525,622

• 11 · Investments: publicly traded securities

  beginning of year $9,607,526 · end of year $10,488,907

• 15 · Other assets

  beginning of year $1,397,781 · end of year $2,999,275

• 17 · Accounts payable and accrued expenses

  beginning of year $184,356 · end of year $716,889

• 19 · Deferred revenue

  beginning of year $1,403,610 · end of year $1,363,745

• 25 · Other liabilities

  beginning of year $1,568,062 · end of year $3,256,033

• 27 · Net assets without donor restrictions

  beginning of year $9,774,162 · end of year $11,322,843

• 28 · Net assets with donor restrictions

  beginning of year $99,000 · end of year $58,704

The filer's explanations (Part III)

PART I, LINE 3

ANNUALLY, AN EXTERNAL COMPENSATION CONSULTANT CONDUCTS A MARKET ANALYSIS FOR THE COMPENSATION OF THE PRESIDENT & CEO, INCLUDING REVIEW OF COMPARABILITY DATA FROM COMPENSATION SURVEYS, AND PREPARES A REPORT AND OPINION LETTER AS TO THE REASONABLENESS OF COMPENSATION. THE BOARD OF DIRECTORS MEETS IN EXECUTIVE SESSION DURING ITS MEETING IN JUNE TO REVIEW RESULTS AND TO DETERMINE THE COMPENSATION FOR THE PRESIDENT & CEO FOR THE UPCOMING FISCAL YEAR, TO INCLUDE ANY BONUSES. THIS PROCESS IS GOVERNED BY A SET OF BOARD-APPROVED GUIDELINES FOR EXECUTIVE COMPENSATION REVIEW. THIS PROCESS MOST RECENTLY TOOK PLACE IN 2024.