Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $214,766

• 2a · Program service revenue: MEMBER DUES

  total $4,178,366 · related or exempt $4,178,366

• 2b · Program service revenue: PROFESSIONAL DEVELOPMENT

  total $1,910,033 · related or exempt $1,909,553 · unrelated business $480

• 2c · Program service revenue: COMMUNICATIONS

  total $22,135 · unrelated business $22,135

• 3 · Investment income

  total $171,850 · excluded $171,850

• 6a · Gross rents

  real property $52,923

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $52,923

• 6d · Net rental income or loss

  total $52,923 · excluded $52,923

• 7a · Gross sales of assets other than inventory

  securities $1,427,278 · other assets $1,200

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

  securities $1,373,682 · other assets $15,858

• 7c · Gain or loss

  securities $53,596 · other assets -$14,658

• 7d · Net gain or loss

  total $38,938 · excluded $38,938

• 11d · All other revenue

  total $96,130 · excluded $96,130

• 11e · Other revenue, total

  $96,130

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,082,562

• 7 · Other salaries and wages

  total $2,395,241

• 8 · Pension plan contributions

  total $207,592

• 9 · Other employee benefits

  total $249,071

• 10 · Payroll taxes

  total $236,985

• 11b · Fees: legal

  total $249,679

• 11c · Fees: accounting

  total $17,958

• 11d · Fees: lobbying

  total $275,869

• 11f · Fees: investment management

  total $37,470

• 11g · Fees: other

  total $364,520

• 12 · Advertising and promotion

  total $185,817

• 13 · Office expenses

  total $346,803

• 14 · Information technology

  total $241,613

• 16 · Occupancy

  total $250,848

• 17 · Travel

  total $243,282

• 19 · Conferences, conventions and meetings

  total $353,165

• 22 · Depreciation, depletion and amortization

  total $169,243

• 23 · Insurance

  total $32,847

• 24a · Other expenses: FEES

  total $430,548

• 24b · Other expenses: PROCEED DISTRIBUTIONS

  total $82,260

• 24c · Other expenses: COST OF SALES

  total $64,006

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $39,392

• 24e · All other expenses

  total $47,714

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,486,050 · end of year $494,903

• 2 · Savings and temporary cash investments

  beginning of year $9,964,693 · end of year $10,116,861

• 3 · Pledges and grants receivable

  beginning of year $0 · end of year $214,766

• 4 · Accounts receivable

  beginning of year $105,574 · end of year $157,464

• 8 · Inventories for sale or use

  beginning of year $40,479 · end of year $26,672

• 9 · Prepaid expenses and deferred charges

  beginning of year $209,944 · end of year $234,648

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

  $3,649,776

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

  $2,257,720

• 10c · Land, buildings and equipment, net

  beginning of year $1,359,404 · end of year $1,392,056

• 11 · Investments: publicly traded securities

  beginning of year $6,982,240 · end of year $8,205,805

• 14 · Intangible assets

  beginning of year $14,602 · end of year $7,301

• 15 · Other assets

  beginning of year $863,173 · end of year $1,020,143

• 17 · Accounts payable and accrued expenses

  beginning of year $645,245 · end of year $574,797

• 19 · Deferred revenue

  beginning of year $3,515,491 · end of year $4,135,006

• 25 · Other liabilities

  beginning of year $1,380,134 · end of year $1,525,717

• 27 · Net assets without donor restrictions

  beginning of year $15,485,289 · end of year $15,635,099

The filer's explanations (Part III)

PART I, LINE 1A

1. TRAVEL FOR COMPANIONS WAS RECEIVED BY THE PRESIDENT AND CEO. IT IS TREATED AS TAXABLE COMPENSATION. 2. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES: SOCIAL CLUB DUES RECEIVED BY THE PRESIDENT AND CEO, EXECUTIVE VICE PRESIDENT AND DIRECTOR OF POLITICAL AND GOVERNMENTAL AFFAIRS. THE PERSONAL USE PORTION OF THE SOCIAL CLUB BENEFIT IS TREATED AS TAXABLE COMPENSATION. 3. A COUPLE OF THE HIGHEST COMPENSATED EMPLOYEES RECEIVED GROSS-UP PAYMENTS. A TENURE BONUS IS GIVEN FOR 5 YEARS, 10 YEARS, 15 YEARS, ETC. THIS AMOUNTS TO $10/YEAR WHICH IS GROSSED UP BY THE ORGANIZATION AND TAXABLE TO THE EMPLOYEE. TWO HIGHEST COMPENSATED EMPLOYEES RECEIVED THE GROSS UP PAYMENTS, THE PAYMENTS WERE $350 AND $300 RESPECTIVELY.

PART I, LINE 1B

AUTHORIZATION IS ANNUALLY APPROVED AS PART OF THE BUDGET WHICH IS APPROVED BY THE BOARD OF DIRECTORS.