Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $51,832

• 1e · Government grants (contributions)

  $2,495,000

• 1f · All other contributions, gifts and grants

  $3,740,607

• 1g · Noncash contributions included above

  $226,616

• 2a · Program service revenue: INITIATIVE REVENUE

  total $603,568 · related or exempt $603,568

• 3 · Investment income

  total $64,007 · excluded $64,007

• 6a · Gross rents

  real property $150,574

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $150,574

• 6d · Net rental income or loss

  total $150,574 · excluded $150,574

• 7a · Gross sales of assets other than inventory

  securities $829,784

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

  securities $846,069

• 7c · Gain or loss

  securities -$16,285

• 7d · Net gain or loss

  total -$16,285 · excluded -$16,285

• 8a · Fundraising events: gross income

  $715,505

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

  $51,832

• 8b · Fundraising events: direct expenses

  $938,153

• 8c · Net income from fundraising events

  total -$222,648 · excluded -$222,648

• 9a · Gaming: gross income

  $938,738

• 9b · Gaming: direct expenses

  $617,349

• 9c · Net income from gaming

  total $321,389 · unrelated business $321,389

• 11a · Other revenue: MISCELLANEOUS

  total $24,657 · excluded $24,657

• 11e · Other revenue, total

  $24,657

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $175,790 · program services $175,790

• 2 · Grants to domestic individuals

  total $41,827 · program services $41,827

• 5 · Compensation of officers, directors and key employees

  total $524,903 · program services $282,920 · management and general $99,705 · fundraising $142,278

• 7 · Other salaries and wages

  total $1,473,360 · program services $782,629 · management and general $304,445 · fundraising $386,286

• 9 · Other employee benefits

  total $127,774 · program services $72,415 · management and general $16,695 · fundraising $38,664

• 10 · Payroll taxes

  total $154,071 · program services $86,239 · management and general $30,579 · fundraising $37,253

• 11a · Fees: management

  total $36,499 · management and general $36,499

• 11c · Fees: accounting

  total $228,664 · management and general $228,664

• 11f · Fees: investment management

  total $14,632 · management and general $14,632

• 11g · Fees: other

  total $56,457 · management and general $52,702 · fundraising $3,755

• 13 · Office expenses

  total $156,068 · program services $2,581 · management and general $147,601 · fundraising $5,886

• 14 · Information technology

  total $124,292 · program services $1,658 · management and general $53,285 · fundraising $69,349

• 16 · Occupancy

  total $175,533 · program services $175,533

• 17 · Travel

  total $69,533 · program services $50,008 · management and general $17,985 · fundraising $1,540

• 19 · Conferences, conventions and meetings

  total $28,332 · program services $801 · management and general $5,055 · fundraising $22,476

• 22 · Depreciation, depletion and amortization

  total $1,700,760 · program services $58 · management and general $1,700,702

• 23 · Insurance

  total $14,822 · management and general $14,822

• 24a · Other expenses: IN-KIND GOODS

  total $224,562 · program services $21,921 · management and general $202,641

• 24b · Other expenses: INITIATIVE COSTS

  total $208,588 · program services $78,445 · management and general $14,752 · fundraising $115,391

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $73,388 · program services $72,998 · management and general $390

• 24e · All other expenses

  total $43,414 · management and general $40,732 · fundraising $2,682

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $686,119 · end of year $1,386,397

• 4 · Accounts receivable

  beginning of year $1,397,641 · end of year $6,193,583

• 8 · Inventories for sale or use

  beginning of year $81,330 · end of year $71,599

• 9 · Prepaid expenses and deferred charges

  beginning of year $60,815 · end of year $58,395

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

  $17,659,328

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

  $16,734,432

• 10c · Land, buildings and equipment, net

  beginning of year $2,078,557 · end of year $924,896

• 11 · Investments: publicly traded securities

  beginning of year $2,723,492 · end of year $2,473,657

• 17 · Accounts payable and accrued expenses

  beginning of year $1,284,947 · end of year $415,836

• 19 · Deferred revenue

  beginning of year $46,700 · end of year $250,000

• 27 · Net assets without donor restrictions

  beginning of year $5,191,222 · end of year $2,942,050

• 28 · Net assets with donor restrictions

  beginning of year $505,085 · end of year $7,500,641

The filer's explanations (Part III)

FORM 990, PART VII, SECTION A, LINE 5

ALL EMPLOYEES OF WASHINGTON NATIONALS PHILANTHROPIES ("WNP") ARE COMPENSATED BY THE WASHINGTON NATIONALS BASEBALL CLUB ("WNBC") VIA A COMMON PAYMASTER ARRANGEMENT. WNBC IS NOT RELATED TO WNP IN TERMS OF BOARD CONTROL.