Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $852,045

• 1e · Government grants (contributions)

  $347,305

• 1f · All other contributions, gifts and grants

  $60,596,258

• 1g · Noncash contributions included above

  $1,125,035

• 2a · Program service revenue: TAXABLE UNDERWRITING

  total $5,863,805 · unrelated business $5,863,805

• 2b · Program service revenue: PRODUCTION

  total $2,311,118 · related or exempt $2,311,118

• 2c · Program service revenue: OTHER PROGRAM SERVICE

  total $810,097 · related or exempt $810,097

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $980,144 · excluded $980,144

• 5 · Royalties

  total $1,313,103 · excluded $1,313,103

• 6a · Gross rents

  real property $221,508

• 6b · Less rental expenses

  real property $24,900

• 6c · Rental income or loss

  real property $196,608 · personal property $0

• 6d · Net rental income or loss

  total $196,608 · unrelated business $196,608

• 7a · Gross sales of assets other than inventory

  securities $5,069,212

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

  securities $3,902,858

• 7c · Gain or loss

  securities $1,166,354 · other assets $0

• 7d · Net gain or loss

  total $1,166,354 · excluded $1,166,354

• 8a · Fundraising events: gross income

  $81,310

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

  $852,045

• 8b · Fundraising events: direct expenses

  $609,697

• 8c · Net income from fundraising events

  total -$528,387 · excluded -$528,387

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $2,477,607 · program services $2,011,596 · management and general $291,269 · fundraising $174,742

• 7 · Other salaries and wages

  total $40,139,451 · program services $30,592,433 · management and general $2,982,329 · fundraising $6,564,689

• 8 · Pension plan contributions

  total $1,258,752 · program services $884,138 · management and general $144,642 · fundraising $229,972

• 9 · Other employee benefits

  total $5,927,846 · program services $4,081,203 · management and general $743,759 · fundraising $1,102,884

• 10 · Payroll taxes

  total $3,227,229 · program services $2,358,847 · management and general $368,575 · fundraising $499,807

• 11b · Fees: legal

  total $332,298 · program services $2,474 · management and general $329,824

• 11c · Fees: accounting

  total $205,000 · program services $160,598 · management and general $19,963 · fundraising $24,439

• 11e · Fees: professional fundraising services

  total $713,922 · fundraising $713,922

• 11f · Fees: investment management

  total $240,981 · management and general $240,981

• 11g · Fees: other

  total $2,993,363 · program services $1,482,414 · management and general $766,760 · fundraising $744,189

• 12 · Advertising and promotion

  total $652,235 · program services $428,384 · management and general $12,147 · fundraising $211,704

• 13 · Office expenses

  total $1,557,905 · program services $1,021,330 · management and general $340,301 · fundraising $196,274

• 14 · Information technology

  total $1,971,463 · program services $930,174 · management and general $79,440 · fundraising $961,849

• 16 · Occupancy

  total $5,820,648 · program services $5,211,037 · management and general $123,507 · fundraising $486,104

• 17 · Travel

  total $238,050 · program services $161,405 · management and general $44,055 · fundraising $32,590

• 19 · Conferences, conventions and meetings

  total $117,063 · program services $59,300 · management and general $23,268 · fundraising $34,495

• 20 · Interest

  total $1,541,774 · management and general $1,541,774

• 22 · Depreciation, depletion and amortization

  total $4,081,616 · program services $2,077,241 · management and general $1,688,273 · fundraising $316,102

• 23 · Insurance

  total $309,133 · program services $241,743 · management and general $30,602 · fundraising $36,788

• 24a · Other expenses: Program Acquisition

  total $5,966,405 · program services $5,963,112 · management and general $650 · fundraising $2,643

• 24b · Other expenses: Membership Services

  total $2,785,357 · management and general $600 · fundraising $2,784,757

• 24c · Other expenses: Bad Debt

  total $71,417 · management and general $71,417

• 24d · Other expenses: Financing Costs

  total $18,506 · management and general $18,506

• 24e · All other expenses

  total $538,756 · program services $538,756 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,584,052 · end of year $223,738

• 2 · Savings and temporary cash investments

  beginning of year $9,855,018 · end of year $5,380,244

• 3 · Pledges and grants receivable

  beginning of year $6,573,746 · end of year $4,486,970

• 4 · Accounts receivable

  beginning of year $5,238,812 · end of year $4,448,644

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,169,395 · end of year $1,321,095

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

  $53,637,230

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

  $46,763,036

• 10c · Land, buildings and equipment, net

  beginning of year $8,596,984 · end of year $6,874,194

• 11 · Investments: publicly traded securities

  beginning of year $34,250,425 · end of year $38,731,317

• 12 · Investments: other securities

  beginning of year $19,996,461 · end of year $20,517,881

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $29,242,387 · end of year $27,817,090

• 15 · Other assets

  beginning of year $18,650,255 · end of year $15,452,101

• 17 · Accounts payable and accrued expenses

  beginning of year $10,802,396 · end of year $10,254,913

• 19 · Deferred revenue

  beginning of year $74,996 · end of year $84,399

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $31,333,101 · end of year $29,754,702

• 25 · Other liabilities

  beginning of year $18,559,570 · end of year $15,046,996

• 27 · Net assets without donor restrictions

  beginning of year $64,486,835 · end of year $64,171,702

• 28 · Net assets with donor restrictions

  beginning of year $9,900,637 · end of year $5,940,562

The filer's explanations (Part III)

Schedule J, Part I, Line 4a Severance or change-of-control payment

DURING 2023, ANDREW GOLIS, FORMER SVP & CHIEF CONTENT OFFICER RECEIVED SEVERANCE OF $102,500.

Schedule J, Part I, Line 7 Non-fixed payments

IN ANY GIVEN YEAR, CERTAIN STAFF MAY BE AWARDED NON-FIXED BONUSES. THE COMPENSATION COMMITTEE REVIEWS ANNUAL BONUSES AWARDED TO STAFF.