Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,290,533

• 1d · Related organizations

  $1,094,633

• 1e · Government grants (contributions)

  $7,927,150

• 1f · All other contributions, gifts and grants

  $23,510,596

• 1g · Noncash contributions included above

  $845,217

• 2a · Program service revenue: PERFORMANCE REVENUE

  total $9,994,736 · related or exempt $9,994,736

• 2b · Program service revenue: ADVERTISING REVENUE

  total $80,734 · unrelated business $80,734

• 2c · Program service revenue: AUXILIARY REVENUE

  total $3,214 · related or exempt $3,214

• 3 · Investment income

  total $2,108,419 · unrelated business $168,914 · excluded $1,939,505

• 6a · Gross rents

  real property $2,291,160

• 6b · Less rental expenses

  real property $1,174,846

• 6c · Rental income or loss

  real property $1,116,314

• 6d · Net rental income or loss

  total $1,116,314 · related or exempt $1,116,314

• 7a · Gross sales of assets other than inventory

  securities $57,415,000

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

  securities $49,005,484

• 7c · Gain or loss

  securities $8,409,516

• 7d · Net gain or loss

  total $8,409,516 · excluded $8,409,516

• 8a · Fundraising events: gross income

  $215,091

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

  $1,290,533

• 8b · Fundraising events: direct expenses

  $609,585

• 8c · Net income from fundraising events

  total -$394,494 · excluded -$394,494

• 9a · Gaming: gross income

  $34,675

• 9b · Gaming: direct expenses

  $9,904

• 9c · Net income from gaming

  total $24,771 · excluded $24,771

• 10a · Gross sales of inventory

  $41,735

• 10b · Cost of goods sold

  $34,209

• 10c · Net income from sales of inventory

  total $7,526 · excluded $7,526

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,255,960 · program services $281,267 · management and general $624,283 · fundraising $350,410

• 7 · Other salaries and wages

  total $18,513,631 · program services $16,919,984 · management and general $668,646 · fundraising $925,001

• 8 · Pension plan contributions

  total $2,870,846 · program services $2,594,978 · management and general $153,225 · fundraising $122,643

• 9 · Other employee benefits

  total $3,038,530 · program services $2,595,190 · management and general $209,263 · fundraising $234,077

• 10 · Payroll taxes

  total $1,512,374 · program services $1,294,379 · management and general $132,332 · fundraising $85,663

• 11a · Fees: management

  total $114,753 · management and general $98,398 · fundraising $16,355

• 11b · Fees: legal

  total $127,364 · program services $49,698 · management and general $77,666

• 11c · Fees: accounting

  total $287,968 · management and general $287,968

• 11d · Fees: lobbying

  total $130,814 · fundraising $130,814

• 11e · Fees: professional fundraising services

  total $228,984 · fundraising $228,984

• 11f · Fees: investment management

  total $548,120 · management and general $548,120

• 11g · Fees: other

  total $841,848 · program services $841,848

• 12 · Advertising and promotion

  total $1,678,206 · program services $1,678,206

• 13 · Office expenses

  total $736,087 · program services $303,635 · management and general $81,865 · fundraising $350,587

• 14 · Information technology

  total $205,555 · program services $2,561 · management and general $202,994

• 16 · Occupancy

  total $529,252 · program services $529,252

• 17 · Travel

  total $637,872 · program services $637,872

• 19 · Conferences, conventions and meetings

  total $217,996 · program services $105,951 · management and general $36,797 · fundraising $75,248

• 20 · Interest

  total $302,556 · management and general $302,556

• 22 · Depreciation, depletion and amortization

  total $975,599 · program services $811,314 · management and general $164,285

• 23 · Insurance

  total $270,917 · program services $231,283 · management and general $39,634

• 24a · Other expenses: GUEST ARTISTS

  total $5,055,007 · program services $5,055,007

• 24b · Other expenses: PRODUCTION

  total $2,274,596 · program services $2,274,596

• 24c · Other expenses: PROGRAM BOOKS

  total $200,918 · program services $200,918

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $126,763 · program services $13,124 · management and general $112,611 · fundraising $1,028

• 24e · All other expenses

  total $40,038 · program services $17,974 · management and general $20,022 · fundraising $2,042

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,314,718 · end of year $726,041

• 2 · Savings and temporary cash investments

  beginning of year $76,013 · end of year $88,327

• 3 · Pledges and grants receivable

  beginning of year $2,548,902 · end of year $7,950,070

• 4 · Accounts receivable

  beginning of year $1,720,064 · end of year $6,945,485

• 7 · Other notes and loans receivable

  beginning of year $105,647 · end of year $103,628

• 8 · Inventories for sale or use

  beginning of year $16,353 · end of year $11,614

• 9 · Prepaid expenses and deferred charges

  beginning of year $556,601 · end of year $1,048,256

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

  $61,590,728

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

  $38,716,054

• 10c · Land, buildings and equipment, net

  beginning of year $21,029,133 · end of year $22,874,674

• 11 · Investments: publicly traded securities

  beginning of year $75,314,349 · end of year $83,880,110

• 12 · Investments: other securities

  beginning of year $58,621,995 · end of year $59,282,741

• 15 · Other assets

  beginning of year $4,126,171 · end of year $4,682,069

• 17 · Accounts payable and accrued expenses

  beginning of year $3,593,240 · end of year $1,023,125

• 19 · Deferred revenue

  beginning of year $5,557,708 · end of year $4,653,342

• 23 · Secured mortgages and notes payable

  beginning of year $2,155,340 · end of year $8,581,339

• 25 · Other liabilities

  beginning of year $7,888,315 · end of year $9,429,373

• 27 · Net assets without donor restrictions

  beginning of year $3,938,000 · end of year $6,177,000

• 28 · Net assets with donor restrictions

  beginning of year $142,297,343 · end of year $157,728,836

The filer's explanations (Part III)

PART I, LINE 1A

CLUB MEMBERSHIPS; IN ORDER THAT THE PRESIDENT MAY ENTERTAIN POTENTIAL DONORS AND OTHER BUSINESS ASSOCIATES OF THE ORGANIZATION, THE ORGANIZATION PAYS THE DUES FOR MEMBERSHIP IN THE DUQUENSE CLUB.

PART I, LINE 7

THE PRESIDENT & CEO RECEIVED A BONUS IN THE AMOUNT OF $58,846 IN THE CALENDAR YEAR 2023.