Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $554,882

• 1c · Fundraising events

  $608,634

• 1f · All other contributions, gifts and grants

  $2,961,986

• 2a · Program service revenue: ADMISSIONS

  total $1,067,665 · related or exempt $1,067,665

• 2b · Program service revenue: EDUCATIONAL PROGRAMS

  total $190,411 · related or exempt $190,411

• 3 · Investment income

  total $785,483 · excluded $785,483

• 6a · Gross rents

  real property $446,058

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $446,058

• 6d · Net rental income or loss

  total $446,058 · excluded $446,058

• 7a · Gross sales of assets other than inventory

  securities $3,077,185

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

  securities $2,143,809

• 7c · Gain or loss

  securities $933,376

• 7d · Net gain or loss

  total $933,376 · excluded $933,376

• 8a · Fundraising events: gross income

  $382,428

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

  $608,634

• 8b · Fundraising events: direct expenses

  $418,302

• 8c · Net income from fundraising events

  total -$35,874 · excluded -$35,874

• 10a · Gross sales of inventory

  $453,783

• 10b · Cost of goods sold

  $344,535

• 10c · Net income from sales of inventory

  total $109,248 · related or exempt $109,248

• 11a · Other revenue: MANAGMENT FEE INCOME

  total $75,000 · related or exempt $75,000

• 11b · Other revenue: MISCELLANEOUS

  total $52,412 · related or exempt $52,412

• 11e · Other revenue, total

  $127,412

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $434,899 · program services $80,000 · management and general $274,899 · fundraising $80,000

• 7 · Other salaries and wages

  total $2,249,199 · program services $1,769,193 · management and general $100,022 · fundraising $379,984

• 8 · Pension plan contributions

  total $45,037 · program services $25,980 · management and general $10,617 · fundraising $8,440

• 9 · Other employee benefits

  total $358,484 · program services $210,685 · management and general $82,787 · fundraising $65,012

• 10 · Payroll taxes

  total $201,588 · program services $135,342 · management and general $35,747 · fundraising $30,499

• 11b · Fees: legal

  total $89,201 · management and general $89,201

• 11c · Fees: accounting

  total $27,080 · management and general $27,080

• 11f · Fees: investment management

  total $64,699 · management and general $64,699

• 12 · Advertising and promotion

  total $140,975 · program services $140,975

• 16 · Occupancy

  total $1,075,291 · program services $935,697 · management and general $69,797 · fundraising $69,797

• 17 · Travel

  total $59,415 · program services $24,341 · management and general $34,853 · fundraising $221

• 22 · Depreciation, depletion and amortization

  total $1,211,249 · program services $1,029,563 · management and general $96,899 · fundraising $84,787

• 23 · Insurance

  total $284,566 · program services $207,139 · management and general $65,609 · fundraising $11,818

• 24a · Other expenses: COLLECTION EXPENSES

  total $1,309,109 · program services $1,309,109

• 24b · Other expenses: SUBCONTRACTED SERVICES

  total $604,186 · program services $459,212 · management and general $107,333 · fundraising $37,641

• 24c · Other expenses: SUPPLIES

  total $158,078 · program services $135,635 · management and general $16,541 · fundraising $5,902

• 24d · Other expenses: HOSPITALITY

  total $133,482 · program services $103,793 · management and general $17,831 · fundraising $11,858

• 24e · All other expenses

  total $364,784 · program services $174,428 · management and general $79,629 · fundraising $110,727

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $4,170,787 · end of year $765,115

• 3 · Pledges and grants receivable

  beginning of year $465,093 · end of year $436,152

• 4 · Accounts receivable

  end of year $62,566

• 8 · Inventories for sale or use

  beginning of year $120,605 · end of year $177,720

• 9 · Prepaid expenses and deferred charges

  beginning of year $158,009 · end of year $299,182

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

  $33,244,331

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

  $18,631,830

• 10c · Land, buildings and equipment, net

  beginning of year $14,417,980 · end of year $14,612,501

• 11 · Investments: publicly traded securities

  beginning of year $29,031,469 · end of year $31,903,487

• 17 · Accounts payable and accrued expenses

  beginning of year $388,889 · end of year $525,143

• 27 · Net assets without donor restrictions

  beginning of year $28,967,448 · end of year $27,492,001

• 28 · Net assets with donor restrictions

  beginning of year $19,007,606 · end of year $20,239,579

The filer's explanations (Part III)

PART I, LINE 1A

THE ASSOCIATION REQUIRES, AS A CONDITION OF EMPLOYMENT, THAT THE DIRECTOR RESIDE IN ONE OF THE ASSOCIATION'S PROPERTIES SO THAT THE DIRECTOR CAN USE THE HOME TO HOLD MEETINGS AND OTHER FUNCTIONS FOR THE CONVENIENCE OF THE ASSOCIATION AND THE FURTHERANCE OF HIS DUTIES. THE ASSOCIATION AGREES THAT SUCH HOUSING MUST BE SUFFICIENT TO ACCOMMODATE THE DIRECTOR AND SPOUSE, IT BEING THE INTENTION OF THE PARTIES THAT THE HOUSING SHALL BE OCCUPIED ONLY BY THE DIRECTOR, HIS IMMEDIATE FAMILY AND THEIR SHORT-TERM GUESTS UNLESS OTHERWISE SPECIFICALLY AGREED. THE DIRECTOR AGREES TO BE RESPONSIBLE FOR ALL UTILITY EXPENSES, TELEPHONE AND TRASH REMOVAL IN CONNECTION WITH SUCH HOUSING, AND TO MAKE NO MATERIAL CHANGE TO THE BUILDING WITHOUT THE CONSENT OF THE PRESIDENT OF THE BOARD. THE DIRECTOR ACKNOWLEDGES THAT THE ASSOCIATION ASSUMES NO LIABILITY WITH RESPECT TO THE DIRECTOR'S PERSONAL PROPERTY, WHICH THE DIRECTOR AGREES SHALL BE HIS RESPONSIBILITY TO INSURE. WITHIN 30 DAYS OF THE TERMINATION OF THIS AGREEMENT, THE DIRECTOR SHALL VACATE THE HOUSING, LEAVING IT IN THE SAME CONDITION AS IT WAS AT THE TIME HE COMMENCED THE HOUSING, REASONABLE WEAR AND TEAR EXPECTED.