Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $6,667,515

• 1f · All other contributions, gifts and grants

  $3,003,771

• 2a · Program service revenue: CANDIDATE FEES

  total $20,793,185 · related or exempt $20,793,185

• 2b · Program service revenue: RECRUITMENT CAMPAIGN

  total $800,000 · related or exempt $800,000

• 2c · Program service revenue: ATLAS/VOP FEES

  total $610,118 · related or exempt $610,118

• 3 · Investment income

  total $125,155 · excluded $125,155

• 5 · Royalties

  total $13,850 · excluded $13,850

• 11a · Other revenue: CREDIT CARD REBATE

  total $8,882 · excluded $8,882

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $285 · related or exempt $285

• 11e · Other revenue, total

  $9,167

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $33,600 · program services $33,600

• 5 · Compensation of officers, directors and key employees

  total $787,738 · program services $581,430 · management and general $206,308

• 7 · Other salaries and wages

  total $5,941,123 · program services $4,385,142 · management and general $1,463,981 · fundraising $92,000

• 9 · Other employee benefits

  total $2,080,254 · program services $1,535,276 · management and general $544,978

• 10 · Payroll taxes

  total $1,299 · program services $959 · management and general $340

• 11b · Fees: legal

  total $29,446 · program services $27,401 · management and general $2,045

• 11c · Fees: accounting

  total $71,981 · program services $66,985 · management and general $4,996

• 11d · Fees: lobbying

  total $171,679 · program services $159,764 · management and general $11,915

• 11g · Fees: other

  total $4,883,545 · program services $4,342,264 · management and general $321,053 · fundraising $220,228

• 12 · Advertising and promotion

  total $240,549 · program services $173,570 · management and general $66,979

• 13 · Office expenses

  total $178,968 · program services $123,486 · management and general $55,482

• 14 · Information technology

  total $661,121 · program services $528,297 · management and general $132,824

• 16 · Occupancy

  total $929,613 · program services $613,674 · management and general $315,939

• 17 · Travel

  total $333,709 · program services $320,144 · management and general $13,565

• 19 · Conferences, conventions and meetings

  total $263,528 · program services $237,272 · management and general $26,256

• 20 · Interest

  total $3,991 · program services $2,847 · management and general $1,144

• 22 · Depreciation, depletion and amortization

  total $148,183 · program services $105,698 · management and general $42,485

• 23 · Insurance

  total $57,563 · program services $41,059 · management and general $16,504

• 24a · Other expenses: PEARSON FEE SHARE

  total $15,389,544 · program services $15,389,544

• 24b · Other expenses: CANDIDATE FEE REIMBURSE

  total $1,157,635 · program services $1,157,635

• 24c · Other expenses: HOSTING SERVICES

  total $103,032 · program services $63,860 · management and general $39,172

• 24d · Other expenses: MEMBERSHIP DUES

  total $12,075 · program services $8,613 · management and general $3,462

• 24e · All other expenses

  total $17,242 · program services $12,298 · management and general $4,944

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $398,522 · end of year $6,953,027

• 2 · Savings and temporary cash investments

  beginning of year $4,173,514 · end of year $3,246,174

• 3 · Pledges and grants receivable

  beginning of year $1,043,759 · end of year $1,844,693

• 4 · Accounts receivable

  beginning of year $4,762,946 · end of year $978,047

• 9 · Prepaid expenses and deferred charges

  beginning of year $236,853 · end of year $331,179

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

  $2,309,638

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

  $1,803,660

• 10c · Land, buildings and equipment, net

  beginning of year $630,345 · end of year $505,978

• 15 · Other assets

  beginning of year $3,049,106 · end of year $2,703,582

• 17 · Accounts payable and accrued expenses

  beginning of year $984,597 · end of year $969,972

• 19 · Deferred revenue

  beginning of year $10,050,367 · end of year $7,030,094

• 24 · Unsecured notes and loans payable

  beginning of year $142,897 · end of year $139,196

• 25 · Other liabilities

  beginning of year $3,200,479 · end of year $7,588,782

• 27 · Net assets without donor restrictions

  beginning of year -$1,477,567 · end of year -$906,624

• 28 · Net assets with donor restrictions

  beginning of year $1,394,272 · end of year $1,741,260

The filer's explanations (Part III)

PART I, LINE 1A

THE CEO'S EMPLOYMENT AGREEMENT EFFECTIVE 11/6/17 INCLUDES A PROVISION FOR REIMBURSEMENT OF RENT EXPENSES. THE REIMBURSEMENT IS TAXABLE. TYPE OF BENEFIT: HOUSING ALLOWANCE PERSON RECEIVING BENEFIT: PEGGY L BROOKINS INCLUDED IN TAXABLE COMPENSATION: YES

PART I, LINE 7

OFFICERS AND HIGHEST COMPENSATED EMPLOYEES RECEIVED BONUSES. THE BONUS AWARD PROCESS IS COMPONENT OF THE EMPLOYMENT AGREEMENT OFFER. THE BONUS AWARD EVALUATION IS AN ANNUAL PROCESS THAT INCLUDES A MIDDLE OF THE YEAR PERFORMANCE EVALUATION, END OF THE YEAR PERFORMANCE EVALUATION, AND REAL-TIME FEEDBACK LOOPS THROUGHOUT THE YEAR BETWEEN THE EMPLOYEE AND MANAGER. THE AMOUNT OF THE BONUS IS DETERMINED BY THE ORGANIZATION'S PERFORMANCE (AVAILABLE BONUS FUNDS) AND THE EMPLOYEE'S ANNUAL PERFORMANCE.