Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: OTA CONTRACT REVENUE

  total $532,803,801 · related or exempt $532,803,801

• 2b · Program service revenue: OTA ADMINISTRATION FEES

  total $21,860,646 · related or exempt $21,860,646

• 2c · Program service revenue: MEMBERSHIP DUES

  total $291,875 · related or exempt $291,875

• 3 · Investment income

  total $373,155 · excluded $373,155

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $3,185,061 · program services $329,804 · management and general $2,319,661 · fundraising $535,596

• 7 · Other salaries and wages

  total $2,927,249 · program services $1,614,976 · management and general $537,366 · fundraising $774,907

• 8 · Pension plan contributions

  total $527,679 · program services $241,898 · management and general $151,016 · fundraising $134,765

• 9 · Other employee benefits

  total $584,788 · program services $192,582 · management and general $264,920 · fundraising $127,286

• 10 · Payroll taxes

  total $370,632 · program services $119,403 · management and general $172,353 · fundraising $78,876

• 11b · Fees: legal

  total $444,511 · program services $236,232 · management and general $159,891 · fundraising $48,388

• 11c · Fees: accounting

  total $134,694 · management and general $134,694

• 11d · Fees: lobbying

  total $483,214 · program services $256,800 · management and general $173,813 · fundraising $52,601

• 11e · Fees: professional fundraising services

  total $5,346 · fundraising $5,346

• 11f · Fees: investment management

  total $207 · management and general $207

• 11g · Fees: other

  total $533,670,008 · program services $533,338,563 · management and general $227,255 · fundraising $104,190

• 12 · Advertising and promotion

  total $13,572 · program services $2,573 · management and general $9,600 · fundraising $1,399

• 13 · Office expenses

  total $96,500 · program services $18,291 · management and general $68,261 · fundraising $9,948

• 14 · Information technology

  total $506,905 · program services $220,452 · management and general $185,984 · fundraising $100,469

• 16 · Occupancy

  total $517,410 · program services $196,354 · management and general $217,340 · fundraising $103,716

• 17 · Travel

  total $108,510 · program services $50,542 · management and general $19,018 · fundraising $38,950

• 19 · Conferences, conventions and meetings

  total $322,507 · program services $28,423 · management and general $20,796 · fundraising $273,288

• 20 · Interest

  total $43 · management and general $43

• 22 · Depreciation, depletion and amortization

  total $218,454 · management and general $218,454

• 23 · Insurance

  total $383,551 · program services $53,356 · management and general $296,098 · fundraising $34,097

• 24a · Other expenses: RECRUITING

  total $81,941 · program services $15,532 · management and general $57,962 · fundraising $8,447

• 24b · Other expenses: BAD DEBT EXPENSE

  total $56,500 · management and general $56,500

• 24c · Other expenses: DUES & SUBS.

  total $25,507 · program services $4,835 · management and general $18,043 · fundraising $2,629

• 24d · Other expenses: CREDIT CARD FEES

  total $8,110 · program services $1,537 · management and general $5,737 · fundraising $836

• 24e · All other expenses

  total $196,101 · program services $37,178 · management and general $138,702 · fundraising $20,221

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,430,298 · end of year $13,641,605

• 2 · Savings and temporary cash investments

  beginning of year $91,692,936 · end of year $137,961,069

• 4 · Accounts receivable

  beginning of year $33,063,795 · end of year $29,943,009

• 9 · Prepaid expenses and deferred charges

  beginning of year $271,115 · end of year $232,962

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

  $876,643

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

  $601,611

• 10c · Land, buildings and equipment, net

  beginning of year $298,328 · end of year $275,032

• 11 · Investments: publicly traded securities

  beginning of year $8,176,836 · end of year $8,571,251

• 14 · Intangible assets

  beginning of year $914,525 · end of year $774,725

• 15 · Other assets

  beginning of year $1,979,418 · end of year $1,588,293

• 17 · Accounts payable and accrued expenses

  beginning of year $40,852,681 · end of year $43,061,069

• 19 · Deferred revenue

  beginning of year $54,820,084 · end of year $89,604,554

• 25 · Other liabilities

  beginning of year $2,005,276 · end of year $1,646,335

• 27 · Net assets without donor restrictions

  beginning of year $47,149,210 · end of year $58,675,988

The filer's explanations (Part III)

PART I, LINE 1A

EMPLOYEES RECEIVED TAX ASSISTANCE ON LONG-TERM DISABILITY INSURANCE PREMIUMS. MEMBERSHIP IN SOCIAL CLUB IS STRICTLY USED FOR BUSINESS PURPOSES AND HAS NOT BEEN TAXED.

PART I, LINE 4A

AS PART OF THE SEVERANCE PAID TO RAYMOND HELMS, THE AMOUNT OF THE GROSS-UP ON THE HEALTH-INSURANCE PREMIUMS PORTION OF THE PAYMENT IS $12,769.75. RAYMOND HELMS RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $124,126.85.

PART I, LINE 7

BONUS PAYMENTS WERE PROVIDED TO THE OFFICERS, ONE KEY EMPLOYEE AND FIVE HCES BASED ON PERFORMANCE AND THE ACHIEVEMENT OF MILESTONES. BONUSES FOR OFFICERS AND KEY EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD. BONUSES FOR HIGHLY COMPENSATED EMPLOYEES ARE REVIEWED AND APPROVED BY MANAGEMENT. DURING THE YEAR THE FOLLOWING EMPLOYEES RECEIVED BONUSES: JAMES FRANKOVIC $60,000 CHARLES W. MCBRIDE $60,000 JOHN BRITTON $60,000 MARY REINECKE $60,000 KIMBERLY BLANCUZZI $49,376 KRISTIN DAWAG $27,653 MICHELLE MARSH $48,625 ALBERT RINALDI $3,750 THOMAS GARVEY $23,625 STEPHANIE BAKER $23,625