Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $11,195,363

• 1g · Noncash contributions included above

  $43,542

• 3 · Investment income

  total $778,623 · excluded $778,623

• 7a · Gross sales of assets other than inventory

  securities $400

• 7c · Gain or loss

  securities $400

• 7d · Net gain or loss

  total $400 · related or exempt $400

• 8a · Fundraising events: gross income

  $273,471

• 8b · Fundraising events: direct expenses

  $125,246

• 8c · Net income from fundraising events

  total $148,225

• 10a · Gross sales of inventory

  $49,430

• 10b · Cost of goods sold

  $37,306

• 10c · Net income from sales of inventory

  total $12,124 · related or exempt $12,124

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,642,046 · program services $1,642,046

• 11c · Fees: accounting

  total $1,400 · fundraising $1,400

• 11g · Fees: other

  total $54,171 · fundraising $54,171

• 13 · Office expenses

  total $34,063 · fundraising $34,063

• 17 · Travel

  total $7,707 · fundraising $7,707

• 19 · Conferences, conventions and meetings

  total $127,805 · fundraising $127,805

• 21 · Payments to affiliates

  total $501,618 · fundraising $501,618

• 24a · Other expenses: BAD DEBTS

  total $51,725 · fundraising $51,725

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $49,370 · fundraising $49,370

• 24c · Other expenses: OTHER SUPPORTING ORG

  total $42,628 · fundraising $42,628

• 24d · Other expenses: SOFTWARE MAINTENANCE

  total $26,301 · fundraising $26,301

• 24e · All other expenses

  total $12,146 · fundraising $12,146

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,900,356 · end of year $4,847,398

• 3 · Pledges and grants receivable

  beginning of year $1,500,713 · end of year $8,785,952

• 9 · Prepaid expenses and deferred charges

  beginning of year $30,899 · end of year $279,767

• 11 · Investments: publicly traded securities

  beginning of year $18,361,812 · end of year $20,529,893

• 15 · Other assets

  beginning of year $4,077,400 · end of year $4,345,800

• 17 · Accounts payable and accrued expenses

  end of year $83,079

• 27 · Net assets without donor restrictions

  beginning of year $12,866,949 · end of year $13,614,548

• 28 · Net assets with donor restrictions

  beginning of year $15,004,231 · end of year $25,091,183

The filer's explanations (Part III)

SCHEDULE J, PART III

PART I, LINE 3 - RELATED ORGANIZATION METHODS USED FOR COMPENSATION EXPLANATION: DUBOSE EGLESTON, HEAD OF SCHOOL, HAS EMPLOYMENT CONTRACT WITH RELATED ORGANIZATION (PORTER-GAUD SCHOOL), WHICH IS APPROVED BY THE BOARD OF TRUSTEES. CRAIG STEWART, EXECUTIVE DIRECTOR, HAS EMPLOYMENT CONTRACT WITH PORTER-GAUD SCHOOL, WHICH IS APPROVED BY THE HEAD OF SCHOOL. EMPLOYMENT CONTRACTS COMPLY WITH BOARD-APPROVED BUDGET AMOUNTS AND ARE HANDLED BY THE PORTER-GAUD SCHOOL HUMAN RESOURCES DEPARTMENT.