Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $356,951

• 1e · Government grants (contributions)

  $10,000

• 1f · All other contributions, gifts and grants

  $5,348,388

• 1g · Noncash contributions included above

  $111,328

• 2a · Program service revenue: ADMISSIONS

  total $6,553,958 · related or exempt $6,553,958

• 2b · Program service revenue: EDUCATIONAL PROGRAMS

  total $3,849,222 · related or exempt $3,849,222

• 2c · Program service revenue: MEMBERSHIPS

  total $2,308,012 · related or exempt $2,308,012

• 2d · Program service revenue: EXHIBIT FEES

  total $887,573 · related or exempt $887,573

• 3 · Investment income

  total $317,963 · excluded $317,963

• 6a · Gross rents

  real property $436,771

• 6b · Less rental expenses

  real property $1,275

• 6c · Rental income or loss

  real property $435,496

• 6d · Net rental income or loss

  total $435,496 · unrelated business $184,516 · excluded $250,980

• 7a · Gross sales of assets other than inventory

  securities $10,370,382

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

  securities $10,344,763 · other assets $11,269

• 7c · Gain or loss

  securities $25,619 · other assets -$11,269

• 7d · Net gain or loss

  total $14,350 · excluded $14,350

• 8a · Fundraising events: gross income

  $637,000

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

  $356,951

• 8b · Fundraising events: direct expenses

  $233,314

• 8c · Net income from fundraising events

  total $403,686 · excluded $403,686

• 10a · Gross sales of inventory

  $1,378,646

• 10b · Cost of goods sold

  $106,796

• 10c · Net income from sales of inventory

  total $1,271,850 · related or exempt $9,794 · unrelated business $1,079,270 · excluded $182,786

• 11a · Other revenue: PARKING/GUEST SERVICES

  total $1,152,841 · unrelated business $120,900 · excluded $1,031,941

• 11e · Other revenue, total

  $1,152,841

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $571,599 · management and general $571,599

• 7 · Other salaries and wages

  total $9,123,045 · program services $7,358,921 · management and general $1,012,994 · fundraising $751,130

• 9 · Other employee benefits

  total $1,923,807 · program services $1,460,306 · management and general $314,447 · fundraising $149,054

• 10 · Payroll taxes

  total $1,025,320 · program services $778,290 · management and general $167,589 · fundraising $79,441

• 11b · Fees: legal

  total $32,528 · program services $13,451 · management and general $19,077

• 11c · Fees: accounting

  total $103,564 · management and general $103,564

• 11d · Fees: lobbying

  total $60,000 · management and general $60,000

• 11e · Fees: professional fundraising services

  total $125,146 · fundraising $125,146

• 11f · Fees: investment management

  total $11,541 · management and general $11,541

• 11g · Fees: other

  total $2,102,888 · program services $1,736,132 · management and general $331,584 · fundraising $35,172

• 12 · Advertising and promotion

  total $322,929 · program services $302,428 · management and general $4,885 · fundraising $15,616

• 13 · Office expenses

  total $1,095,230 · program services $558,834 · management and general $501,378 · fundraising $35,018

• 14 · Information technology

  total $206,743 · program services $93,521 · management and general $108,069 · fundraising $5,153

• 16 · Occupancy

  total $1,481,954 · program services $1,454,791 · management and general $27,163

• 17 · Travel

  total $252,227 · program services $223,919 · management and general $25,249 · fundraising $3,059

• 20 · Interest

  total $677,624 · program services $1,279 · management and general $676,248 · fundraising $97

• 22 · Depreciation, depletion and amortization

  total $3,354,727 · program services $3,319,908 · management and general $34,819

• 23 · Insurance

  total $468,057 · management and general $468,057

• 24a · Other expenses: RENTALS

  total $2,013,052 · program services $1,927,217 · management and general $82,110 · fundraising $3,725

• 24b · Other expenses: FOOD

  total $403,455 · program services $289,995 · management and general $36,794 · fundraising $76,666

• 24c · Other expenses: TAXES AND LICENSES

  total $79,807 · program services $65,157 · management and general $12,058 · fundraising $2,592

• 24d · Other expenses: UBI TAXES

  total $43,005 · management and general $43,005

• 24e · All other expenses

  total $121,200 · management and general $64,767 · fundraising $56,433

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,821 · end of year $2,999

• 2 · Savings and temporary cash investments

  beginning of year $11,816,645 · end of year $5,153,671

• 3 · Pledges and grants receivable

  beginning of year $1,530,369 · end of year $1,614,324

• 4 · Accounts receivable

  beginning of year $711,350 · end of year $1,371,956

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,302,911 · end of year $1,311,777

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

  $98,511,081

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

  $50,718,561

• 10c · Land, buildings and equipment, net

  beginning of year $40,352,300 · end of year $47,792,520

• 11 · Investments: publicly traded securities

  beginning of year $4,866,756 · end of year $9,389,993

• 15 · Other assets

  beginning of year $893,340 · end of year $617,132

• 17 · Accounts payable and accrued expenses

  beginning of year $2,816,196 · end of year $2,782,149

• 19 · Deferred revenue

  beginning of year $4,660,816 · end of year $4,552,046

• 20 · Tax-exempt bond liabilities

  beginning of year $6,896,918 · end of year $6,590,735

• 23 · Secured mortgages and notes payable

  end of year $7,701,767

• 25 · Other liabilities

  beginning of year $180,694 · end of year $481,375

• 27 · Net assets without donor restrictions

  beginning of year $41,475,064 · end of year $39,494,308

• 28 · Net assets with donor restrictions

  beginning of year $5,445,804 · end of year $5,651,992

The filer's explanations (Part III)

PART I, LINE 1A

SOCIAL CLUB DUES ARE PAID FOR ARLINGTON CLUB FOR OMSI'S PRESIDENT. USE OF THE CLUB BY THE PRESIDENT IS FOR BONA FIDE BUSINESS PURPOSES ONLY AND NOT REPORTED AS TAXABLE COMPENSATION.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUST (1)

  T · CHARITABLE REMAINDER TRUST · OR