Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $769,576

• 3 · Investment income

  total $2,107,932 · excluded $2,107,932

• 7a · Gross sales of assets other than inventory

  securities $7,545,875

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

  securities $7,407,677

• 7c · Gain or loss

  securities $138,198

• 7d · Net gain or loss

  total $138,198 · excluded $138,198

• 8a · Fundraising events: gross income

  $97,726

• 8b · Fundraising events: direct expenses

  $41,759

• 8c · Net income from fundraising events

  total $55,967 · excluded $55,967

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,673,204 · program services $1,673,204

• 5 · Compensation of officers, directors and key employees

  total $258,854 · management and general $86,404 · fundraising $172,450

• 7 · Other salaries and wages

  total $171,929 · management and general $61,051 · fundraising $110,878

• 8 · Pension plan contributions

  total $12,697 · management and general $4,152 · fundraising $8,545

• 9 · Other employee benefits

  total $32,583 · management and general $12,993 · fundraising $19,590

• 10 · Payroll taxes

  total $22,210 · management and general $7,679 · fundraising $14,531

• 11b · Fees: legal

  total $15,556 · management and general $15,556

• 11c · Fees: accounting

  total $10,000 · management and general $10,000

• 11f · Fees: investment management

  total $109,103 · management and general $109,103

• 11g · Fees: other

  total $152,513 · management and general $52,732 · fundraising $99,781

• 12 · Advertising and promotion

  total $21,972 · management and general $7,597 · fundraising $14,375

• 13 · Office expenses

  total $28,876 · management and general $9,984 · fundraising $18,892

• 14 · Information technology

  total $23,023 · management and general $23,023

• 16 · Occupancy

  total $11,049 · management and general $7,485 · fundraising $3,564

• 17 · Travel

  total $40,852 · management and general $14,125 · fundraising $26,727

• 19 · Conferences, conventions and meetings

  total $225 · management and general $78 · fundraising $147

• 23 · Insurance

  total $11,297 · management and general $3,906 · fundraising $7,391

• 24a · Other expenses: PROFESSIONAL DUES

  total $4,271 · management and general $1,477 · fundraising $2,794

• 24b · Other expenses: TELECOMMUNICATIONS

  total $1,810 · management and general $626 · fundraising $1,184

• 24c · Other expenses: EQUIPMENT RENTAL AND MA

  total $86 · management and general $30 · fundraising $56

• 24e · All other expenses

  total $38,061 · management and general $23,933 · fundraising $14,128

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,261,888 · end of year $10,316,540

• 3 · Pledges and grants receivable

  beginning of year $33,851 · end of year $31,680

• 7 · Other notes and loans receivable

  beginning of year $3,833,251 · end of year $3,341,524

• 9 · Prepaid expenses and deferred charges

  beginning of year $35,653 · end of year $11,678

• 11 · Investments: publicly traded securities

  beginning of year $53,181,373 · end of year $59,269,521

• 12 · Investments: other securities

  beginning of year $38,651 · end of year $41,395

• 15 · Other assets

  beginning of year $184,877 · end of year $196,796

• 25 · Other liabilities

  beginning of year $379,770 · end of year $830,430

• 27 · Net assets without donor restrictions

  beginning of year $58,041,196 · end of year $64,257,145

• 28 · Net assets with donor restrictions

  beginning of year $9,148,578 · end of year $8,121,559

The filer's explanations (Part III)

PART I, LINE 3

PRESSLEY RIDGE, A RELATED ORGANIZATION, ESTABLISHES THE COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR WITH THE FOLLOWING METHODS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, WRITTEN EMPLOYMENT CONTRACT, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

PART I, LINE 7

THE EXECUTIVE QUALITY INCENTIVE PROGRAM WAS CREATED TO PROVIDE INCENTIVE WITHIN THE FRAMEWORK OF COMPENSATION ARRANGEMENTS THAT THE U.S. INTERNAL REVENUE SERVICE HAS VIEWED AS REASONABLE AND IS THE AWARD OF AN INCENTIVE SALARY PAYMENT IN ADDITION TO BASE PAY THAT IS MADE BASED ON THE ACHIEVEMENT OF QUALITY GOALS FOR THE ORGANIZATION THAT ARE ASSIGNED TO INDIVIDUAL PARTICIPANTS. ALL PAYMENTS ARE APPROVED BY THE BOARD OF DIRECTORS PRIOR TO PAYMENT.