Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,545,343

• 2a · Program service revenue: REIMBURSED EXPENSES

  total $741,606 · related or exempt $741,606

• 2b · Program service revenue: PER CAPITA REBATE

  total $160,970 · related or exempt $160,970

• 3 · Investment income

  total $283,799 · excluded $283,799

• 7a · Gross sales of assets other than inventory

  securities $26,335,188

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

  securities $11,977,434

• 7c · Gain or loss

  securities $14,357,754

• 7d · Net gain or loss

  total $14,357,754 · excluded $14,357,754

• 11a · Other revenue: OTHER INCOME

  total $16,548 · excluded $16,548

• 11e · Other revenue, total

  $16,548

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $66,470

• 4 · Benefits paid to or for members

  total $168,650

• 5 · Compensation of officers, directors and key employees

  total $787,132

• 7 · Other salaries and wages

  total $2,997,777

• 8 · Pension plan contributions

  total $330,912

• 9 · Other employee benefits

  total $568,916

• 10 · Payroll taxes

  total $267,540

• 11b · Fees: legal

  total $2,290,433

• 11c · Fees: accounting

  total $48,195

• 11f · Fees: investment management

  total $62,949

• 11g · Fees: other

  total $918,023

• 12 · Advertising and promotion

  total $106,970

• 13 · Office expenses

  total $148,228

• 14 · Information technology

  total $78,480

• 16 · Occupancy

  total $61,135

• 17 · Travel

  total $352,473

• 19 · Conferences, conventions and meetings

  total $40,996

• 21 · Payments to affiliates

  total $45,424

• 22 · Depreciation, depletion and amortization

  total $27,892

• 23 · Insurance

  total $523,563

• 24a · Other expenses: BAD DEBT EXPENSE

  total $1,000,000

• 24b · Other expenses: REIMBURSED SALARIES AND

  total $94,576

• 24c · Other expenses: RETIREE CLUB SUBSIDIES

  total $642

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,466,962 · end of year $2,053,482

• 2 · Savings and temporary cash investments

  beginning of year $2,304,392 · end of year $431,014

• 4 · Accounts receivable

  beginning of year $612,729 · end of year $1,012,305

• 7 · Other notes and loans receivable

  beginning of year $696,900 · end of year $436,900

• 9 · Prepaid expenses and deferred charges

  beginning of year $127,424 · end of year $157,406

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

  $235,150

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

  $227,541

• 10c · Land, buildings and equipment, net

  beginning of year $10,152 · end of year $7,609

• 11 · Investments: publicly traded securities

  end of year $22,891,202

• 12 · Investments: other securities

  beginning of year $190,042,674 · end of year $205,282,810

• 15 · Other assets

  beginning of year $404,829 · end of year $345,028

• 17 · Accounts payable and accrued expenses

  beginning of year $946,806 · end of year $1,124,781

• 24 · Unsecured notes and loans payable

  beginning of year $9,332,535 · end of year $7,466,028

• 25 · Other liabilities

  beginning of year $470,930 · end of year $423,946

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $185,915,791 · end of year $223,603,001

The filer's explanations (Part III)

PART I, LINE 1A

THE GOVERNING BODY (GEB) ALLOWS FIRST CLASS TRAVEL FOR THE PRESIDENT & SECRETARY-TREASURER IF THE FLIGHT IS LONGER THAN 4 HOURS.