Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $3,109,466

• 1f · All other contributions, gifts and grants

  $20,650,120

• 1g · Noncash contributions included above

  $1,583,517

• 2a · Program service revenue: CENTER PRESENTATIONS

  total $46,601,016 · related or exempt $46,601,016

• 2b · Program service revenue: HALL RENTAL OPERATIONS

  total $9,842,906 · related or exempt $9,842,906

• 2c · Program service revenue: EDUCATION PROGRAMS

  total $2,020,205 · related or exempt $2,020,205

• 3 · Investment income

  total $7,765,545 · unrelated business $59,821 · excluded $7,705,724

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $0

• 6a · Gross rents

  real property $120,443

• 6b · Less rental expenses

  real property $101,494

• 6c · Rental income or loss

  real property $18,949 · personal property $0

• 6d · Net rental income or loss

  total $18,949 · unrelated business $18,949

• 7a · Gross sales of assets other than inventory

  securities $51,639,502

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

  securities $18,241,731

• 7c · Gain or loss

  securities $33,397,771

• 7d · Net gain or loss

  total $33,397,771 · excluded $33,397,771

• 8a · Fundraising events: gross income

  $2,536,999

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

  $3,109,466

• 8b · Fundraising events: direct expenses

  $2,536,999

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $1,418,619 · program services $285,937 · management and general $1,132,682

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $11,579,861 · program services $4,945,753 · management and general $4,952,599 · fundraising $1,681,509

• 8 · Pension plan contributions

  total $407,408 · program services $164,063 · management and general $152,025 · fundraising $91,320

• 9 · Other employee benefits

  total $1,126,370 · program services $503,864 · management and general $481,434 · fundraising $141,072

• 10 · Payroll taxes

  total $957,590 · program services $377,644 · management and general $463,504 · fundraising $116,442

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $359,969 · management and general $359,969

• 11c · Fees: accounting

  total $85,020 · management and general $85,020

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $779,267 · management and general $779,267

• 11g · Fees: other

  total $621,680 · program services $300,801 · management and general $195,722 · fundraising $125,157

• 12 · Advertising and promotion

  total $4,655,914 · program services $4,564,351 · management and general $56,414 · fundraising $35,149

• 13 · Office expenses

  total $249,487 · program services $34,290 · management and general $184,626 · fundraising $30,571

• 14 · Information technology

  total $1,062,224 · management and general $1,062,224

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $4,523,294 · program services $4,412,275 · management and general $67,971 · fundraising $43,048

• 17 · Travel

  total $317,842 · program services $25,790 · management and general $285,081 · fundraising $6,971

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $147,380 · program services $33,440 · management and general $101,942 · fundraising $11,998

• 20 · Interest

  total $4,393,744 · program services $4,393,744

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $9,934,479 · program services $9,691,299 · management and general $148,886 · fundraising $94,294

• 23 · Insurance

  total $713,684 · management and general $713,684

• 24a · Other expenses: PROGRAMMING

  total $38,217,706 · program services $38,217,706

• 24b · Other expenses: ATTRACTION SHARE OF RECEIPTS

  total $4,136,395 · program services $4,136,395

• 24c · Other expenses: SPECIAL EVENTS

  total $2,782,256 · fundraising $2,782,256

• 24d · Other expenses: DONOR CULTIVATION

  total $358,721 · fundraising $358,721

• 24e · All other expenses

  total $756,523 · program services $103,360 · management and general $478,957 · fundraising $174,206

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $213,317 · end of year $216,780

• 2 · Savings and temporary cash investments

  beginning of year $16,736,897 · end of year $13,947,555

• 3 · Pledges and grants receivable

  beginning of year $5,006,415 · end of year $4,076,868

• 4 · Accounts receivable

  beginning of year $1,665,251 · end of year $3,398,236

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,397,039 · end of year $727,687

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

  $376,166,182

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

  $206,618,826

• 10c · Land, buildings and equipment, net

  beginning of year $177,155,730 · end of year $169,547,356

• 11 · Investments: publicly traded securities

  beginning of year $262,561,838 · end of year $301,066,847

• 12 · Investments: other securities

  beginning of year $33,266,357 · end of year $37,328,565

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $13,908,953 · end of year $3,323,814

• 17 · Accounts payable and accrued expenses

  beginning of year $6,013,668 · end of year $6,735,490

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $20,431,037 · end of year $19,244,701

• 20 · Tax-exempt bond liabilities

  beginning of year $161,635,694 · end of year $158,232,515

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $177,190,005 · end of year $200,499,441

• 28 · Net assets with donor restrictions

  beginning of year $146,641,393 · end of year $148,921,561

The filer's explanations (Part III)

PART I, LINE 1A - TRAVEL FOR COMPANIONS

THE PRESIDENT'S WIFE ACCOMPANIES HIM ON TRIPS TO HELP CULTIVATE DONORS AND NETWORK DURING WORK-RELATED CONFERENCES THAT BENEFIT THE INTEREST OF THE CENTER. ALL TRAVEL AND CONFERENCE EXPENSE REPORTS AND REIMBURSEMENTS ARE PRE-APPROVED AND POST-APPROVED BY THE CHAIR AND NOT TAXABLE TO THE PRESIDENT.

PART I, LINE 7 - NONFIXED PAYMENTS

OUTSIDE OF THE CEO WHOSE BONUS IS CONTRACTUAL, ALL OTHER EMPLOYEES RECEIVING A BONUS IS DETERMINED AT THE BOARD'S DISCRETION.