Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $19,980

• 2a · Program service revenue: NETWORK SERVICE FEE

  total $52,236,129 · related or exempt $52,236,129

• 2b · Program service revenue: MANAGEMENT & CONSULTING

  total $508,787 · related or exempt $508,787

• 2c · Program service revenue: RENTAL INCOME

  total $118,138 · related or exempt $118,138

• 2d · Program service revenue: CONFERENCE ROOM RENTAL

  total $56,996 · related or exempt $56,996

• 2e · Program service revenue: PHONE CHARGES

  total $22,760 · related or exempt $22,760

• 11a · Other revenue: REIMBURSEMENT/REFUNDS

  total $435,979 · related or exempt $435,979

• 11e · Other revenue, total

  $435,979

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $422,750 · program services $422,750

• 5 · Compensation of officers, directors and key employees

  total $3,597,255 · program services $2,483,729 · management and general $904,740 · fundraising $208,786

• 7 · Other salaries and wages

  total $29,974,036 · program services $20,695,611 · management and general $7,538,720 · fundraising $1,739,705

• 8 · Pension plan contributions

  total $1,186,775 · program services $807,007 · management and general $308,561 · fundraising $71,207

• 9 · Other employee benefits

  total $4,153,957 · program services $2,854,042 · management and general $1,050,678 · fundraising $249,237

• 10 · Payroll taxes

  total $2,275,872 · program services $1,547,593 · management and general $591,727 · fundraising $136,552

• 11a · Fees: management

  total $3,467,108 · program services $346,711 · management and general $2,773,686 · fundraising $346,711

• 11b · Fees: legal

  total $969,176 · management and general $969,176

• 11c · Fees: accounting

  total $565,068 · management and general $565,068

• 12 · Advertising and promotion

  total $174,984 · program services $17,498 · management and general $139,988 · fundraising $17,498

• 13 · Office expenses

  total $574,513 · program services $57,452 · management and general $459,610 · fundraising $57,451

• 14 · Information technology

  total $1,127,679 · program services $112,768 · management and general $902,143 · fundraising $112,768

• 16 · Occupancy

  total $1,515,674 · program services $151,567 · management and general $1,212,540 · fundraising $151,567

• 17 · Travel

  total $994,564 · program services $99,456 · management and general $795,651 · fundraising $99,457

• 19 · Conferences, conventions and meetings

  total $1,212,440 · program services $121,244 · management and general $969,952 · fundraising $121,244

• 20 · Interest

  total $369 · program services $369

• 22 · Depreciation, depletion and amortization

  total $143,252 · program services $64,385 · management and general $78,867

• 23 · Insurance

  total $60,216 · management and general $60,216

• 24a · Other expenses: LICENSES

  total $147,498 · program services $14,750 · management and general $117,998 · fundraising $14,750

• 24b · Other expenses: BOARD EXPENSES

  total $89,627 · management and general $89,627

• 24c · Other expenses: STATE REGISTRATIONS, FI

  total $48,207 · program services $4,820 · management and general $38,566 · fundraising $4,821

• 24d · Other expenses: BANKING FEES

  total $32,823 · program services $3,282 · management and general $26,259 · fundraising $3,282

• 24e · All other expenses

  total $664,926 · program services $264,957 · management and general $347,164 · fundraising $52,805

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,333,502 · end of year $4,338,298

• 4 · Accounts receivable

  beginning of year $449,075 · end of year $725,192

• 9 · Prepaid expenses and deferred charges

  beginning of year $573,568 · end of year $740,539

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

  $2,374,092

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

  $1,728,306

• 10c · Land, buildings and equipment, net

  beginning of year $789,038 · end of year $645,786

• 15 · Other assets

  beginning of year $6,329,500 · end of year $6,138,268

• 17 · Accounts payable and accrued expenses

  beginning of year $3,704,888 · end of year $3,792,263

• 19 · Deferred revenue

  end of year $3,503,848

• 25 · Other liabilities

  beginning of year $2,450,608 · end of year $972,785

• 27 · Net assets without donor restrictions

  beginning of year $4,319,187 · end of year $4,319,187

The filer's explanations (Part III)

PART I, LINES 4A-B

PART I, LINE 4A: JAMES LUM RECEIVED A SEVERANCE PAYMENT OF $205,000 DURING FY24. PART I, LINE 4B: SUNEELA JAIN PARTICIPATED IN A SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN DURING THE YEAR.

PART I, LINE 7

DISCRETIONARY BONUSES PAID TO SELECT EXECUTIVE AND AWARDED BASED ON PRE-ESTABLISHED CRITERIA AND AS A PERCENTAGE OF TOTAL BASE SALARY. EXECUTIVE BONUSES ARE FACTORED INTO TOTAL COMPENSATION AND REVIEWED FOR REASONABLENESS IN ACCORDANCE WITH BOARD (AS REGARDS THE CEO AND CFO) AND COMPANY PRACTICES (FOR ANY OTHERS). BONUSES FOR THE CEO AND CFO WERE REVIEWED AND APPROVED BY THE BOARD FOLLOWING REVIEW AND APPROVAL BY THE BOARD'S COMPENSATION COMMITTEE.