Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $552,082

• 1c · Fundraising events

  $189,611

• 1e · Government grants (contributions)

  $16,500

• 1f · All other contributions, gifts and grants

  $5,330,465

• 1g · Noncash contributions included above

  $46,987

• 2a · Program service revenue: Residency Program Svcs

  total $643,067 · related or exempt $643,067

• 3 · Investment income

  total $563,954 · excluded $563,954

• 7a · Gross sales of assets other than inventory

  securities $1,478,415

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

  securities $1,253,174

• 7c · Gain or loss

  securities $225,241

• 7d · Net gain or loss

  total $225,241 · excluded $225,241

• 8a · Fundraising events: gross income

  $108,455

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

  $189,611

• 8b · Fundraising events: direct expenses

  $163,766

• 8c · Net income from fundraising events

  total -$55,311 · excluded -$55,311

• 9a · Gaming: gross income

  $2,550

• 9b · Gaming: direct expenses

  $2,984

• 9c · Net income from gaming

  total -$434 · excluded -$434

• 11d · All other revenue

  total $496 · excluded $496

• 11e · Other revenue, total

  $496

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,853,640 · program services $1,853,640

• 2 · Grants to domestic individuals

  total $1,243,059 · program services $1,243,059

• 5 · Compensation of officers, directors and key employees

  total $471,351 · program services $223,045 · management and general $142,085 · fundraising $106,221

• 7 · Other salaries and wages

  total $1,351,897 · program services $649,614 · management and general $393,461 · fundraising $308,822

• 8 · Pension plan contributions

  total $71,475 · program services $30,477 · management and general $26,301 · fundraising $14,697

• 9 · Other employee benefits

  total $153,774 · program services $65,569 · management and general $56,585 · fundraising $31,620

• 10 · Payroll taxes

  total $157,581 · program services $76,629 · management and general $46,147 · fundraising $34,805

• 11b · Fees: legal

  total $11,236 · program services $6,215 · management and general $4,013 · fundraising $1,008

• 11c · Fees: accounting

  total $68,020 · management and general $68,020

• 11f · Fees: investment management

  total $76,858 · management and general $76,858

• 11g · Fees: other

  total $538,785 · program services $286,465 · management and general $205,883 · fundraising $46,437

• 12 · Advertising and promotion

  total $6,873 · program services $2,968 · management and general $2,449 · fundraising $1,456

• 13 · Office expenses

  total $71,425 · program services $31,511 · management and general $15,909 · fundraising $24,005

• 14 · Information technology

  total $109,739 · program services $34,578 · management and general $33,269 · fundraising $41,892

• 16 · Occupancy

  total $133,890 · program services $67,199 · management and general $40,633 · fundraising $26,058

• 17 · Travel

  total $25,489 · program services $19,707 · management and general $4,847 · fundraising $935

• 19 · Conferences, conventions and meetings

  total $12,013 · program services $10,311 · management and general $1,427 · fundraising $275

• 22 · Depreciation, depletion and amortization

  total $16,441 · program services $8,253 · management and general $4,986 · fundraising $3,202

• 23 · Insurance

  total $19,967 · program services $8,622 · management and general $7,114 · fundraising $4,231

• 24a · Other expenses: Student Programs

  total $160,869 · program services $152,027 · management and general $7,412 · fundraising $1,430

• 24b · Other expenses: Catering

  total $108,475 · program services $83,867 · management and general $20,629 · fundraising $3,979

• 24c · Other expenses: Dues & Subscriptions

  total $56,443 · program services $27,708 · management and general $20,134 · fundraising $8,601

• 24d · Other expenses: Business & Excise Tax

  total $49,327 · program services $21,299 · management and general $17,575 · fundraising $10,453

• 24e · All other expenses

  total $42,374 · program services $22,515 · management and general $5,139 · fundraising $14,720

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,802,400 · end of year $669,023

• 2 · Savings and temporary cash investments

  beginning of year $6,672,637 · end of year $7,957,534

• 3 · Pledges and grants receivable

  beginning of year $247,550 · end of year $1,217,000

• 4 · Accounts receivable

  beginning of year $6,926 · end of year $185,945

• 7 · Other notes and loans receivable

  beginning of year $1,051 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $36,672 · end of year $78,102

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

  $145,123

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

  $106,107

• 10c · Land, buildings and equipment, net

  beginning of year $32,200 · end of year $39,016

• 11 · Investments: publicly traded securities

  beginning of year $8,233,762 · end of year $9,184,666

• 15 · Other assets

  beginning of year $442,483 · end of year $315,005

• 17 · Accounts payable and accrued expenses

  beginning of year $177,454 · end of year $392,953

• 18 · Grants payable

  beginning of year $1,649,932 · end of year $2,151,373

• 21 · Escrow or custodial account liability

  beginning of year $651,863 · end of year $417,370

• 25 · Other liabilities

  beginning of year $448,888 · end of year $318,092

• 27 · Net assets without donor restrictions

  beginning of year $1,251,329 · end of year $1,548,100

• 28 · Net assets with donor restrictions

  beginning of year $13,296,215 · end of year $14,818,403

The filer's explanations (Part III)

Part I, Line 7

Lisa Chick received a performance based bonus determined by the executive committee of the board.