Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $206,423

• 1f · All other contributions, gifts and grants

  $2,838,515

• 1g · Noncash contributions included above

  $132,656

• 2a · Program service revenue: CUSTODIAL ACCOUNT FEES

  total $600 · related or exempt $600

• 3 · Investment income

  total $228,212 · excluded $228,212

• 7a · Gross sales of assets other than inventory

  securities $273,574

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

  securities $102,516

• 7c · Gain or loss

  securities $171,058

• 7d · Net gain or loss

  total $171,058 · excluded $171,058

• 8a · Fundraising events: gross income

  $0

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

  $206,423

• 8b · Fundraising events: direct expenses

  $39,111

• 8c · Net income from fundraising events

  total -$39,111 · excluded -$39,111

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $349,417 · program services $349,417

• 2 · Grants to domestic individuals

  total $542,922 · program services $542,922

• 5 · Compensation of officers, directors and key employees

  total $188,151 · program services $123,422 · management and general $26,883 · fundraising $37,846

• 7 · Other salaries and wages

  total $377,649 · program services $269,879 · management and general $58,783 · fundraising $48,987

• 8 · Pension plan contributions

  total $55,466 · program services $36,384 · management and general $7,925 · fundraising $11,157

• 9 · Other employee benefits

  total $60,268 · program services $39,534 · management and general $8,611 · fundraising $12,123

• 10 · Payroll taxes

  total $53,523 · program services $35,110 · management and general $7,647 · fundraising $10,766

• 11c · Fees: accounting

  total $35,694 · program services $24,099 · management and general $10,623 · fundraising $972

• 11f · Fees: investment management

  total $22,773 · management and general $22,773

• 11g · Fees: other

  total $172,122 · program services $113,740 · management and general $58,382

• 12 · Advertising and promotion

  total $1,035 · program services $990 · fundraising $45

• 13 · Office expenses

  total $92,021 · program services $39,340 · management and general $5,458 · fundraising $47,223

• 16 · Occupancy

  total $37,732 · program services $28,879 · management and general $5,375 · fundraising $3,478

• 17 · Travel

  total $840 · program services $840

• 19 · Conferences, conventions and meetings

  total $176,501 · program services $153,106 · management and general $11,733 · fundraising $11,662

• 22 · Depreciation, depletion and amortization

  total $25,688 · program services $21,860 · management and general $3,828

• 23 · Insurance

  total $7,421 · program services $5,940 · management and general $635 · fundraising $846

• 24a · Other expenses: DUES & SUBSCRIPTIONS

  total $15,033 · program services $13,903 · management and general $714 · fundraising $416

• 24b · Other expenses: TRAINING & DEVELOPMENT

  total $401 · management and general $401

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,211,575 · end of year $2,755,612

• 3 · Pledges and grants receivable

  beginning of year $811,319 · end of year $1,072,345

• 9 · Prepaid expenses and deferred charges

  end of year $6,068

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

  $67,142

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

  $64,646

• 10c · Land, buildings and equipment, net

  beginning of year $6,324 · end of year $2,496

• 11 · Investments: publicly traded securities

  beginning of year $3,396,742 · end of year $3,777,217

• 15 · Other assets

  beginning of year $224,001 · end of year $207,429

• 17 · Accounts payable and accrued expenses

  beginning of year $146,605 · end of year $143,604

• 21 · Escrow or custodial account liability

  beginning of year $124,070 · end of year $103,742

• 25 · Other liabilities

  beginning of year $155,324 · end of year $133,464

• 27 · Net assets without donor restrictions

  beginning of year $3,381,060 · end of year $4,116,196

• 28 · Net assets with donor restrictions

  beginning of year $2,842,902 · end of year $3,324,161

The filer's explanations (Part III)

PART I, LINE 3

THE FOUNDATION HAS AN HR COMMITTEE THAT OVERSEES THE EVALUATION OF THE PRESIDENT/CEO AND DEVELOPS THE COMPENSATION PLAN FOR THE PRESIDENT/CEO. THE PROPOSED COMPENSATION PACKAGE IS REVIEWED BY THE BOARD OFFICERS OF THE ORGANIZATION AND PRESENTED TO THE FULL BOARD OF DIRECTORS IN EXECUTIVE SESSION FOR APPROVAL.

PART I, LINE 7

ALL EMPLOYEE BONUSES ARE BASED ON THE ACHIEVEMENT OF THE ORGANIZATIONAL REVENUE GOAL.