Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $12,571,407

• 1g · Noncash contributions included above

  $1,073,115

• 3 · Investment income

  total $5,499,167 · unrelated business $66,101 · excluded $5,433,066

• 7a · Gross sales of assets other than inventory

  securities $105,877,901

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

  securities $89,551,840 · other assets $1,624

• 7c · Gain or loss

  securities $16,326,061 · other assets -$1,624

• 7d · Net gain or loss

  total $16,324,437 · excluded $16,324,437

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $16,640,840 · program services $16,640,840

• 5 · Compensation of officers, directors and key employees

  total $474,824 · program services $125,060 · management and general $211,998 · fundraising $137,766

• 7 · Other salaries and wages

  total $937,232 · program services $419,354 · management and general $165,206 · fundraising $352,672

• 8 · Pension plan contributions

  total $53,975 · program services $20,758 · management and general $14,984 · fundraising $18,233

• 9 · Other employee benefits

  total $158,636 · program services $63,191 · management and general $41,967 · fundraising $53,478

• 10 · Payroll taxes

  total $98,495 · program services $38,503 · management and general $26,094 · fundraising $33,898

• 11b · Fees: legal

  total $51,554 · management and general $51,554

• 11c · Fees: accounting

  total $63,057 · management and general $63,057

• 11f · Fees: investment management

  total $940,890 · management and general $940,890

• 11g · Fees: other

  total $4,598 · management and general $4,598

• 12 · Advertising and promotion

  total $209,981 · program services $135,955 · management and general $2,099 · fundraising $71,927

• 13 · Office expenses

  total $67,489 · program services $11,725 · management and general $38,236 · fundraising $17,528

• 14 · Information technology

  total $71,702 · program services $11,071 · management and general $42,179 · fundraising $18,452

• 16 · Occupancy

  total $66,822 · management and general $66,822

• 17 · Travel

  total $46,149 · program services $731 · management and general $15,511 · fundraising $29,907

• 19 · Conferences, conventions and meetings

  total $50,063 · program services $810 · management and general $13,593 · fundraising $35,660

• 22 · Depreciation, depletion and amortization

  total $27,864 · management and general $27,864

• 23 · Insurance

  total $37,564 · management and general $37,564

• 24a · Other expenses: MEMBERSHIP DUES

  total $5,636 · management and general $5,636

• 24b · Other expenses: SUBSCRIPTIONS

  total $4,220 · management and general $4,220

• 24e · All other expenses

  total $33 · management and general $33

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $7,288,180 · end of year $8,038,405

• 3 · Pledges and grants receivable

  beginning of year $12,562,431 · end of year $12,535,213

• 9 · Prepaid expenses and deferred charges

  beginning of year $526,685 · end of year $466,964

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

  $551,090

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

  $162,317

• 10c · Land, buildings and equipment, net

  beginning of year $209,156 · end of year $388,773

• 11 · Investments: publicly traded securities

  beginning of year $272,325,321 · end of year $295,397,182

• 12 · Investments: other securities

  beginning of year $38,418,582 · end of year $39,874,500

• 15 · Other assets

  beginning of year $2,597,639 · end of year $2,732,092

• 17 · Accounts payable and accrued expenses

  beginning of year $929,318 · end of year $1,120,366

• 18 · Grants payable

  beginning of year $10,902,150 · end of year $11,485,975

• 27 · Net assets without donor restrictions

  beginning of year $163,890,047 · end of year $172,421,170

• 28 · Net assets with donor restrictions

  beginning of year $158,206,479 · end of year $174,405,618

The filer's explanations (Part III)

PART I, LINE 7

ALL BONUSES PAID ARE REVIEWED AND DEEMED APPROPRIATE BY THE FINANCE AND AUDIT COMMITTEE PRIOR TO PAYOUT. BONUSES ARE NECESSARY TO STAY COMPETITIVE IN REGARD TO RETENTION.