Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $98,980

• 1f · All other contributions, gifts and grants

  $687,340

• 1g · Noncash contributions included above

  $79,500

• 3 · Investment income

  total $166,237 · excluded $166,237

• 7a · Gross sales of assets other than inventory

  securities $2,829,483

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

  securities $3,000,816

• 7c · Gain or loss

  securities -$171,333

• 7d · Net gain or loss

  total -$171,333 · excluded -$171,333

• 8a · Fundraising events: gross income

  $337,323

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

  $98,980

• 8b · Fundraising events: direct expenses

  $168,185

• 8c · Net income from fundraising events

  total $169,138 · excluded $169,138

• 9a · Gaming: gross income

  $22,300

• 9b · Gaming: direct expenses

  $11,610

• 9c · Net income from gaming

  total $10,690 · excluded $10,690

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $46,210 · program services $46,210

• 2 · Grants to domestic individuals

  total $789,836 · program services $789,836

• 11c · Fees: accounting

  total $8,000 · program services $800 · management and general $7,200

• 12 · Advertising and promotion

  total $15,375 · fundraising $15,375

• 13 · Office expenses

  total $4,642 · program services $316 · management and general $2,846 · fundraising $1,480

• 17 · Travel

  total $701 · program services $31 · management and general $280 · fundraising $390

• 24a · Other expenses: EVENTS EXPENSES

  total $79,500 · fundraising $79,500

• 24b · Other expenses: MISCELLANEOUS

  total $48,908 · program services $4,174 · management and general $37,570 · fundraising $7,164

• 24c · Other expenses: PRINTING AND POSTAGE

  total $11,395 · program services $589 · management and general $5,297 · fundraising $5,509

• 24d · Other expenses: SOFTWARE

  total $7,012 · program services $701 · management and general $6,311

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $399,970 · end of year $590,705

• 3 · Pledges and grants receivable

  beginning of year $73,190 · end of year $47,330

• 9 · Prepaid expenses and deferred charges

  beginning of year $797 · end of year $1,445

• 12 · Investments: other securities

  beginning of year $5,231,034 · end of year $5,650,152

• 17 · Accounts payable and accrued expenses

  beginning of year $909,095 · end of year $1,108,654

• 19 · Deferred revenue

  beginning of year $59,554 · end of year $92,878

• 27 · Net assets without donor restrictions

  beginning of year $391,733 · end of year $526,591

• 28 · Net assets with donor restrictions

  beginning of year $4,344,609 · end of year $4,561,509

The filer's explanations (Part III)

FORM 990, PART III

THE FOUNDATION HAS NO STAFF. COLLEGE STAFF HELP TO SUPPORT THE FOUNDATION ACTIVITIES AS PART OF THEIR ONGOING DUTIES. THE EXECUTIVE DIRECTOR IS ON AN ANNUAL CONTRACT WITH THE COLLEGE AND COMPENSATION MIRRORS THOSE SALARY LEVELS, RAISES, AND BENEFITS DETERMINED BY LABOR CONTRACT NEGOTIATIONS.