Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $9,375

• 1d · Related organizations

  $500,000

• 1f · All other contributions, gifts and grants

  $410,652

• 1g · Noncash contributions included above

  $3,556

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $85,067 · excluded $85,067

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $216,635

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

  securities $184,018

• 7c · Gain or loss

  securities $32,617 · other assets $0

• 7d · Net gain or loss

  total $32,617 · excluded $32,617

• 8a · Fundraising events: gross income

  $31,250

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

  $9,375

• 8b · Fundraising events: direct expenses

  $42,158

• 8c · Net income from fundraising events

  total -$10,908 · excluded -$10,908

• 11a · Other revenue: ADMINISTRATIVE FEES

  total $18,333 · excluded $18,333

• 11b · Other revenue: RETURN OF GRANT AWARDS

  total $8,419 · excluded $8,419

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $26,752

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $230,181 · program services $230,181

• 2 · Grants to domestic individuals

  total $69,297 · program services $69,297

• 3 · Grants to foreign organizations and individuals

  total $27,498 · program services $27,498

• 11b · Fees: legal

  total $2,851 · management and general $2,851

• 11c · Fees: accounting

  total $8,000 · management and general $8,000

• 11f · Fees: investment management

  total $5,769 · program services $2,766 · management and general $3,003

• 11g · Fees: other

  total $101,245 · program services $16,439 · management and general $2,940 · fundraising $81,866

• 13 · Office expenses

  total $35,179 · program services $2,899 · management and general $995 · fundraising $31,285

• 14 · Information technology

  total $13,955 · management and general $13,955

• 16 · Occupancy

  total $4,100 · management and general $4,100

• 17 · Travel

  total $67,700 · program services $23,018 · management and general $27,628 · fundraising $17,054

• 19 · Conferences, conventions and meetings

  total $15,126 · program services $5,042 · management and general $5,042 · fundraising $5,042

• 24a · Other expenses: PURCHASED SERVICES

  total $816,222 · program services $341,216 · management and general $222,208 · fundraising $252,798

• 24b · Other expenses: FULIFILLMENT

  total $6,384 · fundraising $6,384

• 24c · Other expenses: OUTSIDE PRINTING

  total $4,993 · program services $110 · management and general $12 · fundraising $4,871

• 24d · Other expenses: STAFF DEVELOPMENT

  total $3,388 · program services $3,333 · management and general $55

• 24e · All other expenses

  total $8,567 · program services $34,487 · management and general -$25,920 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $276,655 · end of year $178,367

• 3 · Pledges and grants receivable

  beginning of year $888,582 · end of year $644,348

• 4 · Accounts receivable

  beginning of year $250

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,000

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

  $33,462

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

  $33,462

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $2,596,591 · end of year $2,110,348

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $35,880 · end of year $41,735

• 17 · Accounts payable and accrued expenses

  beginning of year $293,883 · end of year $288,874

• 18 · Grants payable

  beginning of year $34,829 · end of year $70,583

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $2,152,752 · end of year $1,648,640

• 28 · Net assets with donor restrictions

  beginning of year $1,317,494 · end of year $966,701

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

FOUNDATION EMPLOYEES ARE COMPENSATED DIRECTLY BY THE COLLEGE OF AMERICAN PATHOLOGISTS (CAP), A RELATED ORGANIZATION. THEREFORE, ALL COMPENSATION IS ESTABLISHED BY THE CAP. THE EXECUTIVE DIRECTOR'S COMPENSATION WAS SET BASED ON MARKET DATA SPECIFICALLY FOR THOSE POSITIONS WITH SIMILAR SCOPE OF RESPONSIBILITIES. THE POSITION WAS THEN REVIEWED AND INCORPORATED INTO THE CAP'S SALARY STRUCTURE AT THE GRADE WHERE THE 50TH PERCENTILE OF MARKET DATA WAS MOST CLOSELY ALIGNED WITH MIDPOINT. THE INCUMBENT'S SALARY WAS SET WITHIN THE APPROPRIATE GRADE BASED ON THE INCUMBENT'S SKILLS AND IS MANAGED BASED ON PERFORMANCE.

Schedule J, Part II, Column (B)

AMOUNT INCLUDES INCENTIVE EARNED IN 2021 AND PAID IN 2022.