Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $512,414

• 1e · Government grants (contributions)

  $4,000,000

• 1f · All other contributions, gifts and grants

  $6,993,801

• 1g · Noncash contributions included above

  $18,791

• 2a · Program service revenue: PROGRAMMING REVENUE

  total $7,415,589 · related or exempt $7,415,589

• 2b · Program service revenue: SERVICE OPERATIONS REV

  total $7,120,954 · related or exempt $6,192,049 · unrelated business $928,905

• 2c · Program service revenue: FACILITY OPERATIONS RE

  total $2,055,895 · related or exempt $2,055,895

• 3 · Investment income

  total $321,519 · excluded $321,519

• 7a · Gross sales of assets other than inventory

  securities $438,228 · other assets $14,000

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

  securities $393,860 · other assets $0

• 7c · Gain or loss

  securities $44,368 · other assets $14,000

• 7d · Net gain or loss

  total $58,368 · excluded $58,368

• 8a · Fundraising events: gross income

  $58,156

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

  $512,414

• 8b · Fundraising events: direct expenses

  $272,217

• 8c · Net income from fundraising events

  total -$214,061 · excluded -$214,061

• 11a · Other revenue: BANK NOTE FORGIVENESS

  total $55,326,939 · excluded $55,326,939

• 11b · Other revenue: SPONSORSHIP REVENUE

  total $418 · unrelated business $418

• 11e · Other revenue, total

  $55,327,357

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $175,000 · program services $175,000

• 5 · Compensation of officers, directors and key employees

  total $917,362 · program services $203,606 · management and general $510,150 · fundraising $203,606

• 7 · Other salaries and wages

  total $6,859,841 · program services $4,525,839 · management and general $1,823,097 · fundraising $510,905

• 8 · Pension plan contributions

  total $136,686 · program services $99,623 · management and general $24,640 · fundraising $12,423

• 9 · Other employee benefits

  total $785,895 · program services $509,611 · management and general $205,620 · fundraising $70,664

• 10 · Payroll taxes

  total $534,630 · program services $346,789 · management and general $139,161 · fundraising $48,680

• 11b · Fees: legal

  total $136,408 · management and general $136,408

• 11c · Fees: accounting

  total $109,603 · management and general $109,603

• 11f · Fees: investment management

  total $422,597 · management and general $422,597

• 11g · Fees: other

  total $10,598,482 · program services $10,391,348 · management and general $136,912 · fundraising $70,222

• 12 · Advertising and promotion

  total $1,432,420 · program services $1,413,153 · management and general $9,197 · fundraising $10,070

• 13 · Office expenses

  total $769,910 · program services $381,900 · management and general $360,774 · fundraising $27,236

• 14 · Information technology

  total $396,625 · program services $190,331 · management and general $200,815 · fundraising $5,479

• 16 · Occupancy

  total $1,517,449 · program services $1,166,713 · management and general $350,736

• 17 · Travel

  total $94,446 · program services $85,586 · management and general $8,574 · fundraising $286

• 19 · Conferences, conventions and meetings

  total $27,052 · program services $8,749 · management and general $6,521 · fundraising $11,782

• 20 · Interest

  total $537,710 · program services $354 · management and general $537,356

• 22 · Depreciation, depletion and amortization

  total $659,818 · program services $614,987 · management and general $44,831

• 23 · Insurance

  total $200,601 · management and general $200,601

• 24a · Other expenses: CITY LAND & FACILITY LE

  total $6,508,019 · program services $6,508,019

• 24b · Other expenses: FACILITY MAINTENANCE

  total $2,019,415 · program services $2,014,125 · management and general $2,525 · fundraising $2,765

• 24c · Other expenses: EVENT SUPPLIES AND EQUI

  total $826,047 · program services $800,818 · management and general $16,150 · fundraising $9,079

• 24d · Other expenses: DONOR/PATRON/VOLUNTEER

  total $268,504 · program services $101,635 · management and general $2,707 · fundraising $164,162

• 24e · All other expenses

  total $148,041 · program services $198,306 · management and general $6,812 · fundraising -$57,077

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,176,881 · end of year $7,548,218

• 2 · Savings and temporary cash investments

  beginning of year $6,169,621 · end of year $120,475

• 3 · Pledges and grants receivable

  beginning of year $2,530,258 · end of year $1,680,259

• 4 · Accounts receivable

  beginning of year $1,484,285 · end of year $2,180,602

• 9 · Prepaid expenses and deferred charges

  beginning of year $499,351 · end of year $442,922

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

  $19,324,905

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

  $12,776,393

• 10c · Land, buildings and equipment, net

  beginning of year $6,362,885 · end of year $6,548,512

• 11 · Investments: publicly traded securities

  beginning of year $4,404,710 · end of year $4,640,820

• 14 · Intangible assets

  beginning of year $166,333,935 · end of year $159,473,593

• 17 · Accounts payable and accrued expenses

  beginning of year $7,249,559 · end of year $1,471,890

• 19 · Deferred revenue

  beginning of year $12,465,364 · end of year $12,044,217

• 20 · Tax-exempt bond liabilities

  beginning of year $12,202,053 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $455,054 · end of year $369,214

• 23 · Secured mortgages and notes payable

  beginning of year $40,879,635 · end of year $2,564,875

• 25 · Other liabilities

  beginning of year $379,451 · end of year $27,128

• 27 · Net assets without donor restrictions

  beginning of year -$52,991,676 · end of year $1,223,363

• 28 · Net assets with donor restrictions

  beginning of year $171,322,486 · end of year $164,934,714

The filer's explanations (Part III)

PART I, LINE 6

MARISSA LAMAR WAS PAID INCENTIVE COMPENSATION BASED ON DIFFERENT TIERS AND PROFIT GOALS OF THE ORGANIZATION.

PART I, LINE 7

ALL EMPLOYEES RECEIVED A DISCRETIONARY SPOT BONUS IN FY25 (CALENDAR 2024). ALL CRITERIA MUST BE MET TO BE ALLOWABLE UNDER THIS BONUS PROGRAM: 1) AWARDING OF THE BONUS WILL NOT CAUSE THE ORGANIZATION TO MISS ITS BUDGET GOAL; 2) AWARDING OF THE BONUS WILL NOT CAUSE THE ORGANIZATION TO HAVE A NEGATIVE CASH FLOW FOR THE YEAR; 3) PERFORMANCE ON THE STRATEGIC DASHBOARD IS FAVORABLE. BONUS AMOUNTS ARE AWARDED BASED ON STAFF POSITION.

SCHEDULE J, PART II, LINE 1, COLUMN (C)

WARREN TRANQUADA PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION PLAN. DEFERRED COMPENSATION ACCRUED DURING 2024 TOTALED $30,000.