Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $2,533,341

• 1g · Noncash contributions included above

  $6,900

• 2a · Program service revenue: OYSTER SEED SALES

  total $18,000 · related or exempt $18,000

• 3 · Investment income

  total $23,262 · related or exempt $16,558 · excluded $6,704

• 6a · Gross rents

  real property $56,141

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $56,141

• 6d · Net rental income or loss

  total $56,141 · excluded $56,141

• 7a · Gross sales of assets other than inventory

  securities $3,571,325

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

  securities $3,561,370

• 7c · Gain or loss

  securities $9,955

• 7d · Net gain or loss

  total $9,955 · related or exempt $9,955

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $729,438 · program services $729,438

• 5 · Compensation of officers, directors and key employees

  total $326,429 · program services $326,429

• 7 · Other salaries and wages

  total $551,282 · program services $551,282

• 9 · Other employee benefits

  total $28,212 · program services $28,212

• 10 · Payroll taxes

  total $61,134 · program services $61,134

• 11b · Fees: legal

  total $1,200 · program services $1,200

• 11f · Fees: investment management

  total $1,561 · program services $1,561

• 12 · Advertising and promotion

  total $32,853 · program services $32,853

• 13 · Office expenses

  total $73,076 · program services $73,076

• 16 · Occupancy

  total $115,624 · program services $115,624

• 17 · Travel

  total $56,728 · program services $56,728

• 19 · Conferences, conventions and meetings

  total $13,221 · program services $13,221

• 22 · Depreciation, depletion and amortization

  total $335,811 · program services $335,811

• 23 · Insurance

  total $48,367 · program services $48,367

• 24a · Other expenses: CONTRACT LABOR

  total $227,181 · program services $227,181

• 24b · Other expenses: CONSULTING

  total $121,466 · program services $121,466

• 24c · Other expenses: R&M

  total $67,200 · program services $67,200

• 24d · Other expenses: OTHER PAYROLL EXPENSE

  total $31,679 · program services $31,679

• 24e · All other expenses

  total $11,961 · program services $11,961

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $495,500 · end of year $453,590

• 4 · Accounts receivable

  beginning of year $21,934 · end of year $15,294

• 9 · Prepaid expenses and deferred charges

  beginning of year $24,419 · end of year $2,811

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

  $2,661,056

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

  $335,812

• 10c · Land, buildings and equipment, net

  beginning of year $1,114,632 · end of year $2,325,244

• 11 · Investments: publicly traded securities

  beginning of year $2,366,175 · end of year $1,364,779

• 17 · Accounts payable and accrued expenses

  end of year $152,793

• 25 · Other liabilities

  beginning of year $44,611 · end of year $72,762

• 27 · Net assets without donor restrictions

  beginning of year $3,978,049 · end of year $3,936,163

The filer's explanations (Part III)

PART I, LINE 3

PART III - OTHER ADDITIONAL INFORMATION PART I, LINE 3 - METHOD USED FOR COMPENSATION EXPLANATION: COMPENSATION FOR THE DIRECTORS AND OFFICERS IS BASED ON RECOMMENDATIONS RECEIVED FROM LEGAL COUNSEL. LEGAL COUNSEL RETAINS QUALIFIED INDEPENDENT COMPENSATION CONSULTANTS TO BASE THEIR RECOMMENDATIONS ON. THE RETAINED QUALIFIED INDEPENDENT COMPENSATION CONSULTANTS BASE THEIR ADVICE ON MARKET SURVEYS, SITE VISITS, AND INDIVIDUAL PERSONAL INTERVIEWS WITH ALL PERSONNEL. OTHER INVESTIGATIONS AND PROCEDURES ARE PERFORMED AS THEY DEEM NECESSARY UNDER THE CIRCUMSTANCES.