Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $302,717

• 1f · All other contributions, gifts and grants

  $10,244,847

• 1g · Noncash contributions included above

  $4,622,082

• 2a · Program service revenue: Administrative Fee

  total $1,293,421 · related or exempt $1,293,421

• 3 · Investment income

  total $2,647,115 · excluded $2,647,115

• 7a · Gross sales of assets other than inventory

  securities $53,233,936

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

  securities $53,213,329

• 7c · Gain or loss

  securities $20,607

• 7d · Net gain or loss

  total $20,607 · excluded $20,607

• 8a · Fundraising events: gross income

  $136,233

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

  $302,717

• 8b · Fundraising events: direct expenses

  $186,364

• 8c · Net income from fundraising events

  total -$50,131

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,400,820 · program services $3,400,820

• 2 · Grants to domestic individuals

  total $358,641 · program services $358,641

• 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 $491,212 · program services $62,927 · management and general $139,659 · fundraising $288,627

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $399,385 · program services $59,609 · management and general $192,513 · fundraising $147,263

• 8 · Pension plan contributions

  total $90,627 · program services $12,252 · management and general $34,585 · fundraising $43,790

• 9 · Other employee benefits

  total $84,326 · program services $11,400 · management and general $32,181 · fundraising $40,745

• 10 · Payroll taxes

  total $57,350 · program services $7,753 · management and general $21,886 · fundraising $27,711

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $34,340 · management and general $34,340

• 11c · Fees: accounting

  total $42,630 · management and general $42,630

• 11d · Fees: lobbying

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $41,396 · management and general $18,477 · fundraising $22,919

• 12 · Advertising and promotion

  total $80,274 · program services $1,097 · management and general $67,981 · fundraising $11,196

• 13 · Office expenses

  total $6,479 · program services $510 · management and general $3,604 · fundraising $2,365

• 14 · Information technology

  total $17,795 · program services $2,448 · management and general $6,637 · fundraising $8,710

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $67,619 · program services $9,304 · management and general $25,220 · fundraising $33,095

• 17 · Travel

  total $8,957 · program services $168 · management and general $1,525 · fundraising $7,264

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $6,381 · management and general $6,308 · fundraising $73

• 20 · Interest

  total $0

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $0

• 23 · Insurance

  total $40,071 · program services $1,240 · management and general $34,422 · fundraising $4,409

• 24a · Other expenses: Sponsorships

  total $79,109 · program services $79,109

• 24b · Other expenses: Computer Software and Subscriptions

  total $58,511 · management and general $54,715 · fundraising $3,796

• 24c · Other expenses: Donor Meetings and Appreciation

  total $33,664 · program services $174 · management and general $6,808 · fundraising $26,682

• 24d · Other expenses: Furniture, Fixtures, Equipment

  total $12,251 · program services $235 · management and general $10,628 · fundraising $1,388

• 24e · All other expenses

  total $54,883 · program services $2,493 · management and general $41,033 · fundraising $11,356

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $264,361 · end of year $114,048

• 3 · Pledges and grants receivable

  beginning of year $35,138 · end of year $15,158

• 9 · Prepaid expenses and deferred charges

  beginning of year $64,667 · end of year $36,438

• 11 · Investments: publicly traded securities

  beginning of year $117,941,043 · end of year $130,501,962

• 12 · Investments: other securities

  beginning of year $3,731,132 · end of year $1,405,645

• 15 · Other assets

  beginning of year $275,534 · end of year $2,237,771

• 17 · Accounts payable and accrued expenses

  beginning of year $119,273 · end of year $117,280

• 18 · Grants payable

  beginning of year $69,075

• 19 · Deferred revenue

  beginning of year $126,728

• 21 · Escrow or custodial account liability

  beginning of year $41,379,742 · end of year $39,930,004

• 25 · Other liabilities

  beginning of year $2,402,146 · end of year $2,242,841

• 27 · Net assets without donor restrictions

  beginning of year $26,356,319 · end of year $32,232,515

• 28 · Net assets with donor restrictions

  beginning of year $51,858,592 · end of year $59,788,382

The filer's explanations (Part III)

Part I Line 7

Incentive compensation is based on the achievement of organizational and personal goals, as established by the Board of Directors and Compensation Committee. The incentive compensation amount is at the discretion of the Compensation Committee.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Exeter Partners LP

  Unrelated · Investment · MT · 97% owned · share of income $135,000 · share of assets $1,815,000

• Verde Valley Land & Cattle LLC

  Unrelated · Ranching · AZ · 55.59% owned · share of assets $3,259,456