Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $400,000

• 1f · All other contributions, gifts and grants

  $96,578

• 2a · Program service revenue: WLM PUBLICATIONS

  total $3,200 · related or exempt $3,200

• 3 · Investment income

  total $334,243 · excluded $334,243

• 7a · Gross sales of assets other than inventory

  securities $2,412,958

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

  securities $1,576,767

• 7c · Gain or loss

  securities $836,191

• 7d · Net gain or loss

  total $836,191 · excluded $836,191

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,000 · program services $769 · management and general $189 · fundraising $42

• 7 · Other salaries and wages

  total $320,095 · program services $246,146 · management and general $60,504 · fundraising $13,445

• 8 · Pension plan contributions

  total $31,660 · program services $24,346 · management and general $5,984 · fundraising $1,330

• 9 · Other employee benefits

  total $46,154 · program services $35,491 · management and general $8,724 · fundraising $1,939

• 10 · Payroll taxes

  total $27,025 · program services $20,782 · management and general $5,108 · fundraising $1,135

• 11b · Fees: legal

  total $8,478 · program services $7,238 · management and general $1,240

• 11c · Fees: accounting

  total $21,397 · program services $18,268 · management and general $3,129

• 11f · Fees: investment management

  total $53,816 · management and general $53,816

• 11g · Fees: other

  total $89,557 · program services $74,518 · management and general $15,039

• 13 · Office expenses

  total $14,908 · program services $12,617 · management and general $2,291

• 14 · Information technology

  total $3,607 · program services $3,607

• 16 · Occupancy

  total $338,289 · program services $338,289

• 17 · Travel

  total $15,040 · program services $11,541 · management and general $3,499

• 19 · Conferences, conventions and meetings

  total $27,299 · program services $21,028 · management and general $6,271

• 22 · Depreciation, depletion and amortization

  total $145,285 · management and general $145,285

• 23 · Insurance

  total $13,284 · program services $13,284

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $30,031 · program services $30,031

• 24b · Other expenses: ACQUISTIONS

  total $29,055 · program services $16,860 · management and general $7,445 · fundraising $4,750

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $71,759 · end of year $59,592

• 2 · Savings and temporary cash investments

  beginning of year $88,505 · end of year $356,007

• 4 · Accounts receivable

  end of year $16,200

• 9 · Prepaid expenses and deferred charges

  beginning of year $14,864 · end of year $8,565

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

  $5,254,126

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

  $1,055,009

• 10c · Land, buildings and equipment, net

  beginning of year $2,064,101 · end of year $4,199,117

• 11 · Investments: publicly traded securities

  beginning of year $8,580,417 · end of year $8,014,756

• 15 · Other assets

  beginning of year $4,764,572 · end of year $4,408,693

• 17 · Accounts payable and accrued expenses

  beginning of year $211,345 · end of year $498,211

• 25 · Other liabilities

  beginning of year $3,672,513 · end of year $3,568,884

• 27 · Net assets without donor restrictions

  beginning of year $11,700,360 · end of year $12,995,835

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION REVIEW PROCEDURES FOR THE CHIEF EXECUTIVE OFFICER AND THE CHIEF FINANCIAL OFFICER ARE PERFORMED BY A RELATED ORGANIZATION, ASA. OUTSIDE COMPENSATION EXPERTS ARE UTILIZED REGARDING BENCHMARKING BOTH POSITIONS. THE PRESIDENT AND THE PRESIDENT-ELECT OF ASA MAKE DECISIONS ON ANY MERIT INCREASE FOR THE CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER OF WLM.