Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $3,702,227 · related or exempt $3,702,227

• 2b · Program service revenue: INITIATION FEES

  total $882,900 · related or exempt $882,900

• 2c · Program service revenue: IMPROVEMENT ASSESSMENT

  total $452,699 · related or exempt $452,699

• 3 · Investment income

  total $124,357 · unrelated business $124,357

• 7a · Gross sales of assets other than inventory

  securities $1,923,337

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

  securities $1,923,337

• 7c · Gain or loss

  securities $0

• 7d · Net gain or loss

  total $0

• 10a · Gross sales of inventory

  $3,756,609

• 10b · Cost of goods sold

  $574,768

• 10c · Net income from sales of inventory

  total $3,181,841 · related or exempt $2,793,950 · unrelated business $387,891

• 11a · Other revenue: CHALLENGER ACTIVITY

  total $467,718 · related or exempt $197,303 · unrelated business $270,415

• 11e · Other revenue, total

  $467,718

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $326,733

• 7 · Other salaries and wages

  total $3,799,355

• 8 · Pension plan contributions

  total $58,269

• 9 · Other employee benefits

  total $429,822

• 10 · Payroll taxes

  total $323,330

• 11b · Fees: legal

  total $23,123

• 11c · Fees: accounting

  total $31,467

• 11g · Fees: other

  total $112,303

• 13 · Office expenses

  total $837,471

• 14 · Information technology

  total $79,764

• 16 · Occupancy

  total $483,035

• 17 · Travel

  total $20,455

• 19 · Conferences, conventions and meetings

  total $18,229

• 20 · Interest

  total $86,453

• 22 · Depreciation, depletion and amortization

  total $492,210

• 23 · Insurance

  total $99,944

• 24a · Other expenses: UNRELATED BUS. INC. TAX

  total $93,189

• 24b · Other expenses: CHALLENGER ACTIVITY

  total $335,153

• 24c · Other expenses: OTHER DEPARTMENT OPERAT

  total $228,961

• 24d · Other expenses: FOOD AND BEVERAGE OPERA

  total $223,132

• 24e · All other expenses

  total $38,054

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,174,170 · end of year $1,238,099

• 2 · Savings and temporary cash investments

  beginning of year $424,298 · end of year $602,252

• 4 · Accounts receivable

  beginning of year $455,664 · end of year $198,627

• 8 · Inventories for sale or use

  beginning of year $37,489 · end of year $38,087

• 9 · Prepaid expenses and deferred charges

  beginning of year $91,359 · end of year $51,442

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

  $14,392,881

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

  $4,806,154

• 10c · Land, buildings and equipment, net

  beginning of year $9,379,809 · end of year $9,586,727

• 11 · Investments: publicly traded securities

  beginning of year $1,923,337 · end of year $2,407,812

• 17 · Accounts payable and accrued expenses

  beginning of year $456,558 · end of year $486,843

• 23 · Secured mortgages and notes payable

  beginning of year $2,228,368 · end of year $2,158,494

• 25 · Other liabilities

  beginning of year $686,000 · end of year $654,500

• 27 · Net assets without donor restrictions

  beginning of year $10,115,200 · end of year $10,823,209

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS REVIEWED PERIODICALLY AND APPROVED BY THE BOARD OF GOVERNORS.