Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $18,809

• 1f · All other contributions, gifts and grants

  $1,918,571

• 1g · Noncash contributions included above

  $187,474

• 2a · Program service revenue: EXEMPT FUNCTION RENT

  total $4,607,928 · related or exempt $4,607,928

• 3 · Investment income

  total $265,880 · excluded $265,880

• 7a · Gross sales of assets other than inventory

  securities $112,262 · other assets $10,796

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

  securities $0 · other assets $0

• 7c · Gain or loss

  securities $112,262 · other assets $10,796

• 7d · Net gain or loss

  total $123,058 · related or exempt $112,262 · excluded $10,796

• 11a · Other revenue: OTHER CONFERENCE REVEN

  total $51,871 · related or exempt $51,871

• 11e · Other revenue, total

  $51,871

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,889,687 · program services $1,889,687

• 7 · Other salaries and wages

  total $1,643,951 · program services $278,042 · management and general $968,033 · fundraising $397,876

• 9 · Other employee benefits

  total $136,051 · program services $23,041 · management and general $86,329 · fundraising $26,681

• 10 · Payroll taxes

  total $131,894 · program services $22,773 · management and general $77,548 · fundraising $31,573

• 11a · Fees: management

  total $208,462 · program services $73 · management and general $208,389

• 11f · Fees: investment management

  total $20,546 · program services $20,546

• 12 · Advertising and promotion

  total $54,063 · management and general $2,835 · fundraising $51,228

• 13 · Office expenses

  total $61,321 · program services $22,234 · management and general $27,651 · fundraising $11,436

• 16 · Occupancy

  total $779,551 · program services $773,494 · management and general $6,057

• 20 · Interest

  total $184,544 · program services $184,490 · management and general $54

• 21 · Payments to affiliates

  total $2,752 · program services $2,752

• 22 · Depreciation, depletion and amortization

  total $823,901 · program services $820,787 · management and general $3,114

• 23 · Insurance

  total $81,012 · program services $64,968 · management and general $16,044

• 24a · Other expenses: SECURITY

  total $293,599 · program services $293,599

• 24b · Other expenses: ADMINISTRATIVE EXPENSES

  total $252,798 · management and general $208,803 · fundraising $43,995

• 24c · Other expenses: OTHER PROGRAM COSTS

  total $51,138 · program services $51,138

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,724,415 · end of year $3,154,316

• 2 · Savings and temporary cash investments

  beginning of year $100,926

• 3 · Pledges and grants receivable

  end of year $46,000

• 4 · Accounts receivable

  beginning of year $658,239 · end of year $213,233

• 9 · Prepaid expenses and deferred charges

  beginning of year $111,158 · end of year $56,276

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

  $31,534,399

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

  $21,757,045

• 10c · Land, buildings and equipment, net

  beginning of year $10,522,893 · end of year $9,777,354

• 11 · Investments: publicly traded securities

  beginning of year $6,525,009 · end of year $8,114,616

• 15 · Other assets

  beginning of year $7,709 · end of year $3,084

• 17 · Accounts payable and accrued expenses

  beginning of year $527,385 · end of year $1,862,462

• 19 · Deferred revenue

  beginning of year $7,719 · end of year $8,130

• 23 · Secured mortgages and notes payable

  beginning of year $4,834,780 · end of year $3,682,114

• 25 · Other liabilities

  beginning of year $7,706 · end of year $3,073

• 27 · Net assets without donor restrictions

  beginning of year $14,127,836 · end of year $14,550,094

• 28 · Net assets with donor restrictions

  beginning of year $1,144,923 · end of year $1,259,006

The filer's explanations (Part III)

PART I, LINE 7

THE ORGANIZATION PROVIDES INCENTIVE BONUS COMPENSATION FOR SENIOR MANAGEMENT. THE BONUS COMPENSATION IS DESIGNED TO OFFER OPPORTUNTIES FOR ADDITIONAL COMPENSATION TIED TO THE ACCOMPLISHMENT OF PRE-DETERMINED CRITERIA AND GOALS FOR EACH INDIVIDUAL. THE BOARD OF TRUSTEES HAS REVIEWED THE COMPENSATION AND CONCLUDED THAT THE AMOUNTS ARE REASONABLE AND DO NOT EXCEED FAIR MARKET VALUE FOR THE SERVICES PROVIDED.