Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $11,056,273

• 1g · Noncash contributions included above

  $263,522

• 2a · Program service revenue: Project Fees

  total $904,338 · related or exempt $904,338

• 2f · All other program service revenue

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

• 3 · Investment income

  total $877,491 · excluded $877,491

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $3,634,323

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

  securities $3,631,129

• 7c · Gain or loss

  securities $3,194 · other assets $0

• 7d · Net gain or loss

  total $3,194 · excluded $3,194

• 11d · All other revenue

  total $50,673 · related or exempt $0 · unrelated business $0 · excluded $50,673

• 11e · Other revenue, total

  $50,673

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,106,912 · program services $3,106,912

• 3 · Grants to foreign organizations and individuals

  total $484,211 · program services $484,211

• 5 · Compensation of officers, directors and key employees

  total $296,936 · program services $85,556 · management and general $181,025 · fundraising $30,355

• 7 · Other salaries and wages

  total $5,406,776 · program services $3,826,951 · management and general $1,049,322 · fundraising $530,503

• 8 · Pension plan contributions

  total $16,554 · program services $4,507 · management and general $11,816 · fundraising $231

• 9 · Other employee benefits

  total $157,661 · program services $42,311 · management and general $112,905 · fundraising $2,445

• 10 · Payroll taxes

  total $343,499 · program services $224,604 · management and general $87,298 · fundraising $31,597

• 11b · Fees: legal

  total $5,300 · program services $2,778 · management and general $2,170 · fundraising $352

• 11c · Fees: accounting

  total $127,315 · management and general $127,315

• 11f · Fees: investment management

  total $60,472 · program services $2,087 · management and general $58,161 · fundraising $224

• 11g · Fees: other

  total $208,650 · program services $171,934 · management and general $15,223 · fundraising $21,493

• 12 · Advertising and promotion

  total $6,242 · program services $2,901 · management and general $3,000 · fundraising $341

• 13 · Office expenses

  total $389,346 · program services $180,936 · management and general $187,112 · fundraising $21,298

• 14 · Information technology

  total $5,076 · program services $3,359 · management and general $1,241 · fundraising $476

• 16 · Occupancy

  total $300,400 · program services $135,804 · management and general $148,912 · fundraising $15,684

• 17 · Travel

  total $661,981 · program services $629,536 · management and general $27,093 · fundraising $5,352

• 19 · Conferences, conventions and meetings

  total $102,966 · program services $67,162 · management and general $26,365 · fundraising $9,439

• 22 · Depreciation, depletion and amortization

  total $32,633 · program services $6,109 · management and general $26,524

• 23 · Insurance

  total $101,207 · program services $22,977 · management and general $77,436 · fundraising $794

• 24a · Other expenses: Licenses and permits

  total $9,775 · program services $6,135 · management and general $2,791 · fundraising $849

• 24b · Other expenses: Equipment Rental

  total $3,738 · program services $853 · management and general $2,855 · fundraising $30

• 24e · All other expenses

  total $233,016 · program services $112,690 · management and general $106,283 · fundraising $14,043

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,096,698 · end of year $822,706

• 4 · Accounts receivable

  beginning of year $167,776 · end of year $131,766

• 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 $1,849,419 · end of year $2,622,328

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

  $1,401,235

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

  $626,013

• 10c · Land, buildings and equipment, net

  beginning of year $807,855 · end of year $775,222

• 11 · Investments: publicly traded securities

  beginning of year $6,627,472 · end of year $5,596,513

• 12 · Investments: other securities

  beginning of year $3,441,406 · end of year $9,589,407

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $3,158,843 · end of year $3,014,400

• 17 · Accounts payable and accrued expenses

  beginning of year $344,829 · end of year $207,220

• 19 · Deferred revenue

  beginning of year $14,252,780 · end of year $10,894,515

• 22 · Loans and payables to officers and key people

  end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $1,434,855 · end of year $1,372,347

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $5,920,093 · end of year $6,623,845

• 28 · Net assets with donor restrictions

  beginning of year $3,196,912 · end of year $3,454,415

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for qualifying ministerial employees. This is not included in taxable compensation. All officers met the qualifications for and received a ministerial housing allowance during the tax year.

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

Support-raising staff, including EMI's officers, are eligible to receive non-fixed bonuses, up to a certain amount of their salary. The bonuses are awarded at the discretion of the Board of Directors.