Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $21,773

• 1f · All other contributions, gifts and grants

  $2,010,316

• 1g · Noncash contributions included above

  $31,318

• 2a · Program service revenue: Boys camp tuition

  total $4,376,072 · related or exempt $4,376,072

• 2b · Program service revenue: Girls camp tuition

  total $3,889,812 · related or exempt $3,889,812

• 2c · Program service revenue: Facilitated events & retreats

  total $1,582,345 · related or exempt $1,582,345

• 2d · Program service revenue: Kennedy Learning Center & Jewell

  total $7,602 · related or exempt $7,602

• 3 · Investment income

  total $560,687 · excluded $560,687

• 6a · Gross rents

  real property $47,374

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $47,374

• 6d · Net rental income or loss

  total $47,374 · excluded $47,374

• 7a · Gross sales of assets other than inventory

  securities $786,954

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

  securities $877,497

• 7c · Gain or loss

  securities -$90,543

• 7d · Net gain or loss

  total -$90,543 · excluded -$90,543

• 8a · Fundraising events: gross income

  $0

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

  $21,773

• 8b · Fundraising events: direct expenses

  $13,262

• 8c · Net income from fundraising events

  total -$13,262 · excluded -$13,262

• 10a · Gross sales of inventory

  $192,583

• 10b · Cost of goods sold

  $118,365

• 10c · Net income from sales of inventory

  total $74,218 · related or exempt $74,218

• 11a · Other revenue: Timber sales

  total $46,333 · excluded $46,333

• 11e · Other revenue, total

  $46,333

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,475 · program services $1,475

• 2 · Grants to domestic individuals

  total $1,236,024 · program services $1,236,024

• 5 · Compensation of officers, directors and key employees

  total $935,740 · program services $489,998 · management and general $306,566 · fundraising $139,176

• 7 · Other salaries and wages

  total $5,149,878 · program services $2,452,257 · management and general $2,042,589 · fundraising $655,032

• 8 · Pension plan contributions

  total $224,119 · program services $130,961 · management and general $28,534 · fundraising $64,624

• 9 · Other employee benefits

  total $226,242 · program services $157,013 · management and general $15,840 · fundraising $53,389

• 10 · Payroll taxes

  total $277,609 · program services $210,561 · management and general $9,941 · fundraising $57,107

• 11b · Fees: legal

  total $468,509 · management and general $468,509

• 11c · Fees: accounting

  total $28,300 · management and general $28,300

• 11f · Fees: investment management

  total $49,777 · management and general $49,777

• 11g · Fees: other

  total $582,361 · program services $209,617 · management and general $97,421 · fundraising $275,323

• 12 · Advertising and promotion

  total $195,286 · program services $145,968 · management and general $5,840 · fundraising $43,478

• 13 · Office expenses

  total $632,616 · program services $429,117 · management and general $66,030 · fundraising $137,469

• 14 · Information technology

  total $108,444 · program services $60,794 · management and general $17,358 · fundraising $30,292

• 16 · Occupancy

  total $637,574 · program services $609,470 · management and general $12,993 · fundraising $15,111

• 17 · Travel

  total $382,027 · program services $373,906 · management and general $1,467 · fundraising $6,654

• 19 · Conferences, conventions and meetings

  total $172,857 · program services $139,667 · management and general $10,010 · fundraising $23,180

• 20 · Interest

  total $37,178 · program services $18,589 · management and general $9,295 · fundraising $9,294

• 22 · Depreciation, depletion and amortization

  total $846,264 · program services $846,264

• 23 · Insurance

  total $246,682 · program services $190,155 · management and general $56,527

• 24a · Other expenses: Food/dining services

  total $786,145 · program services $786,145

• 24b · Other expenses: Camp programs/supplies

  total $529,610 · program services $529,610

• 24c · Other expenses: Student transportation

  total $364,588 · program services $364,588

• 24d · Other expenses: Provision for bad debts

  total $94,978 · program services $94,978

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,561,550 · end of year $2,172,002

• 2 · Savings and temporary cash investments

  beginning of year $590,812 · end of year $1,125,928

• 3 · Pledges and grants receivable

  beginning of year $99,351 · end of year $99,351

• 4 · Accounts receivable

  beginning of year $539,458 · end of year $79,579

• 7 · Other notes and loans receivable

  end of year $38,524

• 9 · Prepaid expenses and deferred charges

  beginning of year $181,649 · end of year $243,332

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

  $41,360,955

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

  $15,061,608

• 10c · Land, buildings and equipment, net

  beginning of year $23,773,281 · end of year $26,299,347

• 11 · Investments: publicly traded securities

  beginning of year $11,504,486 · end of year $13,871,912

• 12 · Investments: other securities

  beginning of year $2,747,805 · end of year $2,510,289

• 15 · Other assets

  beginning of year $938,836 · end of year $893,864

• 17 · Accounts payable and accrued expenses

  beginning of year $1,299,337 · end of year $2,821,703

• 19 · Deferred revenue

  beginning of year $1,601,744 · end of year $1,602,493

• 22 · Loans and payables to officers and key people

  beginning of year $768,470 · end of year $713,633

• 23 · Secured mortgages and notes payable

  end of year $676,835

• 25 · Other liabilities

  beginning of year $2,263 · end of year $2,489

• 27 · Net assets without donor restrictions

  beginning of year $39,251,543 · end of year $39,319,752

• 28 · Net assets with donor restrictions

  beginning of year $2,013,871 · end of year $2,197,223

The filer's explanations (Part III)

Part I, Line 1a

Housing Allowances: Certain individuals who served the Organization in an officer, trustee, key employee, or highest compensated employee-capacity received taxable housing stipends and housing allowances during the period covered by this Form 990. These stipends have been deemed to be includable in these individuals' reportable taxable income, and have therefore been reported within their 2023 Forms W-2, Box 5 wages. Additionally, these individuals have been listed on this Form 990, Part VII, and their housing stipends are included in the figures reported on this Schedule J, Part II, Column B(iii), Other Compensation. The applicable individuals who received such housing benefits, and the value of those benefits, are as follows: - Henry Kennedy, Executive Director Emeritus: $24,000 - Sam Kennedy, Executive Director: $24,000 - Sam Kaplan, Camp Director: $24,000 Payments for Business Use of Personal Residence: During the year covered by this Form 990, the Organization entered a short-term license and use agreement with Henry Kennedy, the Organization's Executive Director Emeritus, to utilize personal properties and lodging units owned by Henry Kennedy for Kieve Wavus programs. The Organization leased the properties from Mr. Kennedy to provide additional lodging for camp guests and families. As part of the agreement, the Organization compensated Henry Kennedy $35,290, an amount considered to be reasonable and representative of the fair market value of the properties under the agreement. This agreement was subject to approval by the Organization's Board and Treasurer.

Part I, Line 4b

The Organization maintains a retirement plan under Internal Revenue Service Code Section 457(f) for the benefit of certain key employees and/or officers. The Organization made contributions to the plan for the benefit of these employees totaling $57,515 for this tax year; as of December 31, 2023, total assets under the plan amounted to $237,870, and are presented as other assets, with an offset to accounts payable and accrued liabilities, within the Organization's audited Statement of Financial Position and on this Form 990, Part X, Balance Sheet. For the 2023 Tax Year, the following listed individuals received 457(f) contributions under the plan: - Sam Kennedy, Executive Director: $29,515 - Sam Kaplan, Camp Director: $28,000 The 457(f) contributions have been deemed to be deferred compensation and have been included within the amounts reported this Schedule J, Part II, Column C. The contributions to these plans are to recognize many years of distinguished service to the Organization.

Part I, Line 7

The Organization may from time-to-time pay bonuses, awards, and incentive compensation to select individuals upon the successful completion of defined goals and in accordance with clear performance metrics.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• Charitable Remainder Trusts (2)

  T · Beneficiary Distributions · ME