Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: TRAINING CONTRIBUTIONS

  total $2,716,614 · related or exempt $2,716,614

• 2b · Program service revenue: MONTOYA INCOME

  total $606,955 · related or exempt $606,955

• 2c · Program service revenue: EDUCATION TEXTBOOKS

  total $373,169 · related or exempt $373,169

• 2d · Program service revenue: CRAFT TRAINING

  total $222,975 · related or exempt $222,975

• 2e · Program service revenue: OTHER PROGRAM INCOME

  total $10,112 · related or exempt $10,112

• 3 · Investment income

  total $334,788 · excluded $334,788

• 6a · Gross rents

  real property $395,735

• 6b · Less rental expenses

  real property $95,680

• 6c · Rental income or loss

  real property $300,055

• 6d · Net rental income or loss

  total $300,055 · excluded $300,055

• 7a · Gross sales of assets other than inventory

  securities $1,412,970

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

  securities $1,050,978

• 7c · Gain or loss

  securities $361,992

• 7d · Net gain or loss

  total $361,992 · excluded $361,992

Functional expenses

Part IX, the statement of functional expenses.

• 11a · Fees: management

  total $1,631,503 · program services $1,472,183 · management and general $159,320

• 11b · Fees: legal

  total $69,100 · management and general $69,100

• 11c · Fees: accounting

  total $62,365 · management and general $62,365

• 11f · Fees: investment management

  total $27,766 · management and general $27,766

• 12 · Advertising and promotion

  total $19,626 · program services $19,626

• 13 · Office expenses

  total $113,885 · program services $85,650 · management and general $28,235

• 16 · Occupancy

  total $169,434 · program services $132,158 · management and general $37,276

• 17 · Travel

  total $6,315 · program services $6,088 · management and general $227

• 19 · Conferences, conventions and meetings

  total $6,864 · program services $6,864

• 22 · Depreciation, depletion and amortization

  total $203,845 · program services $158,999 · management and general $44,846

• 23 · Insurance

  total $196,481 · program services $153,255 · management and general $43,226

• 24a · Other expenses: EDUCATION AND LAB

  total $267,437 · program services $267,437

• 24b · Other expenses: CRAFT COMPETITION

  total $101,875 · program services $101,875

• 24c · Other expenses: RSI ADMIN EXPENSE

  total $91,044 · program services $91,044

• 24d · Other expenses: TEMPORARY HELP

  total $78,753 · program services $70,878 · management and general $7,875

• 24e · All other expenses

  total $183,622 · program services $171,534 · management and general $12,088

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $893,306 · end of year $1,748,121

• 2 · Savings and temporary cash investments

  beginning of year $2,140,223 · end of year $2,346,793

• 4 · Accounts receivable

  beginning of year $505,188 · end of year $572,699

• 8 · Inventories for sale or use

  beginning of year $59,517 · end of year $55,750

• 9 · Prepaid expenses and deferred charges

  beginning of year $62,156 · end of year $95,061

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

  $6,810,977

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

  $3,986,430

• 10c · Land, buildings and equipment, net

  beginning of year $2,986,092 · end of year $2,824,547

• 12 · Investments: other securities

  beginning of year $6,678,970 · end of year $7,402,712

• 15 · Other assets

  beginning of year $0 · end of year $115,679

• 17 · Accounts payable and accrued expenses

  beginning of year $964,972 · end of year $666,864

• 19 · Deferred revenue

  end of year $88,063

• 25 · Other liabilities

  beginning of year $0 · end of year $115,679

• 27 · Net assets without donor restrictions

  beginning of year $12,360,480 · end of year $14,290,756

The filer's explanations (Part III)

PART I, LINE 3

THE TRAINING TRUST REIMBURSES THE CHAPTER FOR WORK RELATED TO AND PERFORMED FOR THE TRAINING TRUST.