Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $10,868,622

• 1f · All other contributions, gifts and grants

  $1,855,010

• 2a · Program service revenue: LOAN INTEREST INCOME & SERVICE FE

  total $2,561,402 · related or exempt $2,561,402

• 2b · Program service revenue: SPONSORSHIPS AND OTHER INCOME

  total $231,427 · related or exempt $231,427

• 2c · Program service revenue: INVESTMENT IN RELATED PARTY

  total $232 · related or exempt $232

• 3 · Investment income

  total $682,909 · excluded $682,909

• 7a · Gross sales of assets other than inventory

  securities $7,712,262

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

  securities $7,525,061

• 7c · Gain or loss

  securities $187,201

• 7d · Net gain or loss

  total $187,201 · excluded $187,201

• 11a · Other revenue: OTHER INCOME

  total $21,740 · excluded $21,740

• 11e · Other revenue, total

  $21,740

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $2,643,776 · program services $2,643,776

• 5 · Compensation of officers, directors and key employees

  total $870,830 · program services $206,127 · management and general $651,445 · fundraising $13,258

• 7 · Other salaries and wages

  total $3,992,031 · program services $3,194,689 · management and general $475,764 · fundraising $321,578

• 8 · Pension plan contributions

  total $150,289 · program services $122,097 · management and general $15,786 · fundraising $12,406

• 9 · Other employee benefits

  total $733,614 · program services $559,325 · management and general $119,027 · fundraising $55,262

• 10 · Payroll taxes

  total $364,884 · program services $262,804 · management and general $76,193 · fundraising $25,887

• 11b · Fees: legal

  total $30,022 · management and general $30,022

• 11c · Fees: accounting

  total $81,227 · management and general $81,227

• 11d · Fees: lobbying

  total $17,122 · program services $17,122

• 11g · Fees: other

  total $2,216,014 · program services $1,608,234 · management and general $496,012 · fundraising $111,768

• 13 · Office expenses

  total $77,601 · program services $39,871 · management and general $35,989 · fundraising $1,741

• 14 · Information technology

  total $411,788 · program services $279,986 · management and general $108,590 · fundraising $23,212

• 16 · Occupancy

  total $342,612 · program services $233,686 · management and general $87,303 · fundraising $21,623

• 17 · Travel

  total $352,944 · program services $170,966 · management and general $176,578 · fundraising $5,400

• 19 · Conferences, conventions and meetings

  total $586,567 · program services $505,431 · management and general $81,136

• 20 · Interest

  total $352,304 · program services $352,304

• 22 · Depreciation, depletion and amortization

  total $10,274 · program services $7,298 · management and general $2,203 · fundraising $773

• 23 · Insurance

  total $67,823 · program services $47,813 · management and general $15,690 · fundraising $4,320

• 24a · Other expenses: LOAN LOSS PROVISION

  total $634,283 · program services $634,283

• 24b · Other expenses: EXPENSE/STIPEND REIMBUR

  total $325,571 · program services $325,571

• 24c · Other expenses: MISCELLANEOUS

  total $84,732 · program services $34,912 · management and general $49,820

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $29,647 · program services $20,994 · management and general $5,996 · fundraising $2,657

• 24e · All other expenses

  total $42,051 · program services $25,836 · management and general $13,768 · fundraising $2,447

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,558,844 · end of year $363,928

• 2 · Savings and temporary cash investments

  beginning of year $326,183 · end of year $1,932,543

• 3 · Pledges and grants receivable

  beginning of year $569,238 · end of year $2,315,450

• 4 · Accounts receivable

  beginning of year $603,523 · end of year $398,011

• 9 · Prepaid expenses and deferred charges

  beginning of year $177,206 · end of year $258,533

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

  $396,971

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

  $95,048

• 10c · Land, buildings and equipment, net

  beginning of year $230,455 · end of year $301,923

• 11 · Investments: publicly traded securities

  beginning of year $20,675,348 · end of year $14,144,081

• 13 · Investments: program-related

  beginning of year $39,555,896 · end of year $51,804,708

• 15 · Other assets

  beginning of year $481,026 · end of year $1,443,314

• 17 · Accounts payable and accrued expenses

  beginning of year $1,461,757 · end of year $802,166

• 19 · Deferred revenue

  beginning of year $353,925

• 22 · Loans and payables to officers and key people

  beginning of year $8,925 · end of year $8,023

• 23 · Secured mortgages and notes payable

  beginning of year $9,408,862 · end of year $24,646,412

• 24 · Unsecured notes and loans payable

  beginning of year $12,986,392 · end of year $1,200,686

• 25 · Other liabilities

  beginning of year $0 · end of year $1,153,673

• 27 · Net assets without donor restrictions

  beginning of year $15,927,227 · end of year $19,236,915

• 28 · Net assets with donor restrictions

  beginning of year $26,030,631 · end of year $25,914,616

The filer's explanations (Part III)

PART I, LINE 7

ALL BONUSES ARE DISCRETIONARY.