Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $691,150

• 1f · All other contributions, gifts and grants

  $1,439,605

• 2a · Program service revenue: CONFERENCE & SEMINARS

  total $2,988,425 · related or exempt $2,988,425

• 2b · Program service revenue: MEMBERSHIP DUES

  total $1,519,033 · related or exempt $1,519,033

• 3 · Investment income

  total $504,840 · excluded $504,840

• 6a · Gross rents

  real property $66,300

• 6b · Less rental expenses

  real property $37,479

• 6c · Rental income or loss

  real property $28,821

• 6d · Net rental income or loss

  total $28,821 · excluded $28,821

• 7a · Gross sales of assets other than inventory

  securities $4,009,764

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

  securities $3,987,590

• 7c · Gain or loss

  securities $22,174

• 7d · Net gain or loss

  total $22,174 · excluded $22,174

• 8a · Fundraising events: gross income

  $99,140

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

  $691,150

• 8b · Fundraising events: direct expenses

  $238,305

• 8c · Net income from fundraising events

  total -$139,165 · excluded -$139,165

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $927 · excluded $927

• 11e · Other revenue, total

  $927

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $10,000 · program services $10,000

• 5 · Compensation of officers, directors and key employees

  total $885,999 · program services $550,270 · management and general $251,797 · fundraising $83,932

• 7 · Other salaries and wages

  total $1,795,747 · program services $1,113,363 · management and general $511,788 · fundraising $170,596

• 8 · Pension plan contributions

  total $57,355 · program services $35,560 · management and general $16,346 · fundraising $5,449

• 9 · Other employee benefits

  total $193,411 · program services $119,914 · management and general $55,123 · fundraising $18,374

• 10 · Payroll taxes

  total $164,305 · program services $101,869 · management and general $46,827 · fundraising $15,609

• 11b · Fees: legal

  total $78 · management and general $78

• 11c · Fees: accounting

  total $125,425 · management and general $125,425

• 11f · Fees: investment management

  total $82,477 · management and general $82,477

• 11g · Fees: other

  total $1,701,702 · program services $1,511,318 · management and general $189,814 · fundraising $570

• 12 · Advertising and promotion

  total $9,306 · program services $9,306

• 13 · Office expenses

  total $126,963 · program services $19,899 · management and general $107,014 · fundraising $50

• 14 · Information technology

  total $111,985 · management and general $111,985

• 16 · Occupancy

  total $274,849 · program services $233,228 · management and general $5,884 · fundraising $35,737

• 17 · Travel

  total $226,186 · program services $210,951 · management and general $7,246 · fundraising $7,989

• 19 · Conferences, conventions and meetings

  total $870,642 · program services $852,249 · management and general $17,180 · fundraising $1,213

• 22 · Depreciation, depletion and amortization

  total $79,326 · program services $9,416 · management and general $68,468 · fundraising $1,442

• 23 · Insurance

  total $37,576 · program services $8,984 · management and general $28,592

• 24a · Other expenses: DUES & SUBSCRIPTIONS

  total $93,443 · program services $12,652 · management and general $75,209 · fundraising $5,582

• 24b · Other expenses: GIFTS & AWARDS

  total $31,666 · program services $18,293 · management and general $8,373 · fundraising $5,000

• 24c · Other expenses: OTHER

  total $1,266 · management and general $1,266

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,717,948 · end of year $810,548

• 2 · Savings and temporary cash investments

  beginning of year $791,545 · end of year $1,267,960

• 4 · Accounts receivable

  beginning of year $279,198 · end of year $241,153

• 9 · Prepaid expenses and deferred charges

  beginning of year $354,479 · end of year $467,950

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

  $884,937

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

  $700,924

• 10c · Land, buildings and equipment, net

  beginning of year $225,024 · end of year $184,013

• 11 · Investments: publicly traded securities

  beginning of year $13,194,482 · end of year $14,944,002

• 15 · Other assets

  beginning of year $856,606 · end of year $619,916

• 17 · Accounts payable and accrued expenses

  beginning of year $879,374 · end of year $867,271

• 19 · Deferred revenue

  beginning of year $529,436 · end of year $514,813

• 25 · Other liabilities

  beginning of year $1,012,005 · end of year $711,469

• 27 · Net assets without donor restrictions

  beginning of year $14,542,087 · end of year $15,985,609

• 28 · Net assets with donor restrictions

  beginning of year $456,380 · end of year $456,380

The filer's explanations (Part III)

PART I, LINE 4A

GREGORY HICKMAN, SEVERANCE: $118,714

PART I, LINE 5

THE BONUSES FOR KEY AND HIGHEST COMPENSATED EMPLOYEES ARE MADE AT THE CEO'S DISCRETION, WHILE THE BONUS FOR THE CEO IS DETERMINED BY THE CHAIR OF THE ORGANIZATION AND APPROVED BY THE EXECUTIVE COMMITTEE. AT THE END OF EACH FISCAL YEAR, WICT WILL REVIEW ITS FINANCIAL PERFORMANCE FOR THE YEAR IN DETERMINING WHETHER THERE WILL BE A BONUS POOL FOR THE YEAR AS WELL AS THE AMOUNT OF FUNDS IN THE BONUS POOL.

PART I, LINE 6

SEE NARRATIVE FOR PART I, LINE 5