Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: Membership Dues

  total $3,910,646 · related or exempt $3,910,646

• 2b · Program service revenue: Banquet Revenue

  total $2,026,450 · related or exempt $2,026,450

• 2c · Program service revenue: Initiation Fees

  total $792,191 · related or exempt $792,191

• 2d · Program service revenue: Perspective Income

  total $553,607 · related or exempt $553,607

• 2e · Program service revenue: Liquidated Damages

  total $16,608 · related or exempt $16,608

• 2f · All other program service revenue

  total $86,758 · related or exempt $86,758

• 3 · Investment income

  total $158,247 · excluded $158,247

• 6a · Gross rents

  real property $429,677

• 6b · Less rental expenses

  real property $294,369

• 6c · Rental income or loss

  real property $135,308

• 6d · Net rental income or loss

  total $135,308 · excluded $135,308

Functional expenses

Part IX, the statement of functional expenses.

• 3 · Grants to foreign organizations and individuals

  total $10,000

• 5 · Compensation of officers, directors and key employees

  total $607,403

• 7 · Other salaries and wages

  total $2,428,574

• 8 · Pension plan contributions

  total $180,289

• 9 · Other employee benefits

  total $634,990

• 10 · Payroll taxes

  total $236,883

• 11b · Fees: legal

  total $155,996

• 11c · Fees: accounting

  total $36,282

• 11f · Fees: investment management

  total $26,305

• 12 · Advertising and promotion

  total $91,956

• 13 · Office expenses

  total $362,936

• 14 · Information technology

  total $182,596

• 17 · Travel

  total $69,064

• 19 · Conferences, conventions and meetings

  total $93,157

• 21 · Payments to affiliates

  total $804,526

• 22 · Depreciation, depletion and amortization

  total $209,771

• 23 · Insurance

  total $68,953

• 24a · Other expenses: Banquet Expense

  total $1,706,147

• 24b · Other expenses: Perspective Expense

  total $530,004

• 24c · Other expenses: Training

  total $80,523

• 24d · Other expenses: Outreach Program

  total $38,922

• 24e · All other expenses

  total $121,405

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,330,583 · end of year $499,036

• 2 · Savings and temporary cash investments

  beginning of year $142,993 · end of year $1,126,614

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

  $7,332,425

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

  $3,714,726

• 10c · Land, buildings and equipment, net

  beginning of year $3,743,192 · end of year $3,617,699

• 11 · Investments: publicly traded securities

  beginning of year $3,507,808 · end of year $2,388,336

• 17 · Accounts payable and accrued expenses

  beginning of year $89,466 · end of year $98,851

• 23 · Secured mortgages and notes payable

  beginning of year $348,520 · end of year $153,574

• 27 · Net assets without donor restrictions

  beginning of year $8,286,590 · end of year $7,379,260

The filer's explanations (Part III)

Part I, Line 1a

The National Executive Director and the Associate National Executive Director both have contracts with the organization that state they are allowed to updgrade to first-class travel and receive a credit card issued by the organization to expend at their discretion. They must provide receipts to the organization to substantiate the costs. The benefits are not included in taxable income.