Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,000

• 3 · Investment income

  total $19,940,177 · excluded $19,940,177

• 7a · Gross sales of assets other than inventory

  securities $253,009,985

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

  securities $257,584,855

• 7c · Gain or loss

  securities -$4,574,870

• 7d · Net gain or loss

  total -$4,574,870 · excluded -$4,574,870

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $68,176,530 · program services $68,176,530

• 5 · Compensation of officers, directors and key employees

  total $818,502 · program services $702,836 · management and general $115,666

• 7 · Other salaries and wages

  total $470,885 · program services $249,150 · management and general $221,735

• 8 · Pension plan contributions

  total $164,981 · program services $124,751 · management and general $40,230

• 9 · Other employee benefits

  total $82,781 · program services $54,923 · management and general $27,858

• 10 · Payroll taxes

  total $65,086 · program services $42,967 · management and general $22,119

• 11f · Fees: investment management

  total $447,607 · management and general $447,607

• 11g · Fees: other

  total $44,926 · management and general $44,926

• 13 · Office expenses

  total $20,059 · management and general $20,059

• 14 · Information technology

  total $39,786 · management and general $39,786

• 16 · Occupancy

  total $147,692 · management and general $147,692

• 17 · Travel

  total $52,721 · management and general $52,721

• 23 · Insurance

  total $4,535 · management and general $4,535

• 24a · Other expenses: ADMINISTRATIVE FEES

  total $200,000 · management and general $200,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,277,998 · end of year $2,638,825

• 2 · Savings and temporary cash investments

  beginning of year $10,023,742 · end of year $14,033,575

• 9 · Prepaid expenses and deferred charges

  beginning of year $30,682 · end of year $24,347

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

  $57,413

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

  $11,813

• 10c · Land, buildings and equipment, net

  beginning of year $45,600 · end of year $45,600

• 11 · Investments: publicly traded securities

  beginning of year $656,414,379 · end of year $594,606,017

• 12 · Investments: other securities

  beginning of year $579,588 · end of year $335,575

• 15 · Other assets

  beginning of year $790,759 · end of year $577,949

• 17 · Accounts payable and accrued expenses

  beginning of year $162,129 · end of year $114,510

• 18 · Grants payable

  beginning of year $12,581,693 · end of year $4,981,693

• 27 · Net assets without donor restrictions

  beginning of year $659,418,926 · end of year $607,165,685

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION HAS A WRITTEN EXPENSE REIMBURSEMENT POLICY THAT PERMITS REIMBURSEMENT OF AIR TRAVEL FOR FLIGHTS EXCEEDING A CERTAIN DURATION AT A CLASS OF SERVICE HIGHER THAN COACH CLASS TICKETS, SUBJECT TO AUTHORIZATION AND APPROVAL BY THE INDIVIDUAL'S MANAGER, TOGETHER WITH APPROPRIATE DOCUMENTATION

PART I, LINE 3

SEE COMPENSATION POLICY DISCLOSURE ON SCHEDULE O