Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,384,176

• 1f · All other contributions, gifts and grants

  $1,252,468

• 2a · Program service revenue: CONFERENCE CENTER FEES

  total $110,344 · related or exempt $110,344

• 2b · Program service revenue: MEMBERSHIP FEES

  total $74,641 · related or exempt $74,641

• 2c · Program service revenue: GPS REBATES

  total $33,302 · related or exempt $33,302

• 3 · Investment income

  total $1,944,056 · excluded $1,944,056

• 7a · Gross sales of assets other than inventory

  securities $18,623,746

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

  securities $18,187,096

• 7c · Gain or loss

  securities $436,650

• 7d · Net gain or loss

  total $436,650 · excluded $436,650

• 11a · Other revenue: SUNDRY INCOME

  total $501 · related or exempt $501

• 11e · Other revenue, total

  $501

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $140,371 · program services $140,371

• 2 · Grants to domestic individuals

  total $1,209,613 · program services $1,209,613

• 5 · Compensation of officers, directors and key employees

  total $1,104,666 · program services $639,901 · management and general $403,599 · fundraising $61,166

• 7 · Other salaries and wages

  total $2,524,974 · program services $1,747,740 · management and general $580,566 · fundraising $196,668

• 8 · Pension plan contributions

  total $224,677 · program services $170,341 · management and general $35,259 · fundraising $19,077

• 9 · Other employee benefits

  total $502,476 · program services $376,446 · management and general $82,844 · fundraising $43,186

• 10 · Payroll taxes

  total $281,226 · program services $197,757 · management and general $61,897 · fundraising $21,572

• 11b · Fees: legal

  total $81,228 · program services $57,119 · management and general $17,878 · fundraising $6,231

• 11d · Fees: lobbying

  total $121,172 · program services $121,172

• 11f · Fees: investment management

  total $208,458 · management and general $208,458

• 11g · Fees: other

  total $340,859 · program services $203,726 · management and general $101,692 · fundraising $35,441

• 12 · Advertising and promotion

  total $109,500 · program services $77,000 · management and general $24,101 · fundraising $8,399

• 13 · Office expenses

  total $188,598 · program services $132,621 · management and general $41,510 · fundraising $14,467

• 14 · Information technology

  total $17,706 · program services $12,451 · management and general $3,897 · fundraising $1,358

• 16 · Occupancy

  total $192,966 · program services $135,693 · management and general $42,471 · fundraising $14,802

• 17 · Travel

  total $36,965 · program services $25,993 · management and general $8,136 · fundraising $2,836

• 19 · Conferences, conventions and meetings

  total $77,322 · program services $54,373 · management and general $17,018 · fundraising $5,931

• 20 · Interest

  total $457,664 · program services $321,827 · management and general $100,731 · fundraising $35,106

• 22 · Depreciation, depletion and amortization

  total $377,984 · program services $265,794 · management and general $83,195 · fundraising $28,995

• 23 · Insurance

  total $112,000 · program services $78,758 · management and general $24,651 · fundraising $8,591

• 24a · Other expenses: MISC. EXPENSES

  total $79,693 · program services $33 · management and general $2,032 · fundraising $77,628

• 24b · Other expenses: MEMBERSHIP DUES - ORGS

  total $7,098 · program services $3,750 · management and general $3,348

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,334,955 · end of year $443,790

• 2 · Savings and temporary cash investments

  beginning of year $744,912 · end of year $710,814

• 3 · Pledges and grants receivable

  beginning of year $64,333 · end of year $284,831

• 4 · Accounts receivable

  beginning of year $104,648 · end of year $257,956

• 9 · Prepaid expenses and deferred charges

  beginning of year $76,278 · end of year $66,262

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

  $12,785,683

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

  $4,635,556

• 10c · Land, buildings and equipment, net

  beginning of year $8,565,831 · end of year $8,150,127

• 11 · Investments: publicly traded securities

  beginning of year $36,457,625 · end of year $37,334,996

• 12 · Investments: other securities

  beginning of year $13,338,862 · end of year $14,640,262

• 15 · Other assets

  beginning of year $14,689,596 · end of year $16,698,827

• 17 · Accounts payable and accrued expenses

  beginning of year $965,265 · end of year $645,261

• 20 · Tax-exempt bond liabilities

  beginning of year $9,328,535 · end of year $8,970,418

• 25 · Other liabilities

  beginning of year $1,102,900 · end of year $1,139,200

• 27 · Net assets without donor restrictions

  beginning of year $43,119,526 · end of year $44,273,814

• 28 · Net assets with donor restrictions

  beginning of year $20,860,814 · end of year $23,559,172

The filer's explanations (Part III)

PART I, LINE 7

THE CEO'S BONUS WAS APPROVED BY THE HUMAN RESOURSE COMMITTEE. FROM TIME TO TIME, FPWA PROVIDES A YEAR-END LUMP-SUM PAYMENT AS A MECHANISM TO EFFECTIVELY MOTIVATE AND RETAIN VALUED EMPLOYEES TO RECOGNIZE ACHIEVEMENT. THIS YEAR-END PAYMENT IS NOT INTENDED TO REPLACE INFORMAL AND SPONTANEOUS RECOGNITION OR PRAISE OF STAFF ACHIEVEMENTS AND WORK PERFORMANCE. INFORMAL RECOGNITION OF EMPLOYEES SHOULD TAKE PLACE EVERY DAY. SAYING "THANK YOU" TO EMPLOYEES AND COMPLIMENTING AN EMPLOYEE ON A JOB WELL DONE ARE PART OF MANAGERS AND SUPERVISORS' RESPONSIBILITIES. YEAR-END PAYMENT GUIDELINES: BASED UPON BUDGET AVAILABILITY AND RESOURCES NECESSARY, A YEAR-END PAYMENT POOL IS ESTABLISHED FOR THE ORGANIZATION BY THE CHIEF EXECUTIVE OFFICER, CHIEF FINANCIAL OFFICER AND CHIEF OPERATING OFFICER. THIS YEAR-END POOL IS REVIEWED AND AFFIRMED GENERALLY BY THE FINANCE COMMITTEE AND EXECUTIVE COMMITTEE OF THE BOARD. YEAR-END PAYMENT AMOUNTS ARE DETERMINED AND DISTRIBUTED ON THE BASIS OF THE NATURE AND COMPLEXITY OF THE ACCOMPLISHMENTS AND WORK STAFF AND STRATIFIED BY STAFF LEVEL; EXECUTIVE, DIRECTOR AND MANAGERIAL, STAFF AND TEMPORARIES/INTERNS RESPECTIVELY. UNDER SPECIAL CIRCUMSTANCES, WITH THE CHIEF EXECUTIVE OFFICER'S APPROVAL, A HIGHER YEAR-END MAY BE APPROVED FOR A PARTICULAR STAFF PERSON. A SCHEDULE IS PREPARED, BASED ON THE ABOVE CRITERIA, TO DETERMINE THE DISTRIBUTION OF THE YEAR-END PAYMENT POOL DETERMINED FOR THE YEAR. APPROVALS AND PAYMENTS: THE SCHEDULE IS PREPARED BY THE CHIEF FINANCIAL OFFICER AND IS REVIEWED AND APPROVED BY THE CHIEF EXECUTIVE OFFICER WITH INPUT AND FEEDBACK AS NECESSARY FROM OTHER SENIOR LEADERSHIP INCLUDING THE CHIEF OPERATING OFFICER, CHIEF DEVELOPMENT & COMMUNICATIONS OFFICER AND CHIEF PROGRAM & POLICY OFFICER. AFTER THE SCHEDULE IS FINALIZED AND ON-FILE, YEAR-END PAYMENTS ARE INITIATED AS A SEPARATE PAY-CYCLE FOLLOWING ALL OTHER STANDARD PROCEDURE FOR CREATING AND EXECUTING A PAYROLL CYCLE.