Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $572,750

• 1c · Fundraising events

  $1,065,407

• 1f · All other contributions, gifts and grants

  $136,150

• 2a · Program service revenue: MONTHLY LUNCHEONS

  total $294,986 · related or exempt $294,986

• 2b · Program service revenue: INITIATION CONTRIBUTIONS

  total $11,100 · related or exempt $11,100

• 3 · Investment income

  total $171,200 · excluded $171,200

• 7a · Gross sales of assets other than inventory

  securities $2,354,894

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

  securities $2,354,894

• 7c · Gain or loss

  securities $0

• 8a · Fundraising events: gross income

  $850,121

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

  $1,065,407

• 8b · Fundraising events: direct expenses

  $995,924

• 8c · Net income from fundraising events

  total -$145,803 · excluded -$145,803

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $275,000 · program services $275,000

• 5 · Compensation of officers, directors and key employees

  total $387,520 · program services $290,640 · management and general $77,504 · fundraising $19,376

• 7 · Other salaries and wages

  total $176,970 · program services $132,728 · management and general $35,393 · fundraising $8,849

• 9 · Other employee benefits

  total $36,255 · program services $27,191 · management and general $7,251 · fundraising $1,813

• 10 · Payroll taxes

  total $29,254 · program services $21,940 · management and general $5,851 · fundraising $1,463

• 11b · Fees: legal

  total $16,600 · program services $12,450 · management and general $3,486 · fundraising $664

• 11c · Fees: accounting

  total $21,200 · program services $15,900 · management and general $4,452 · fundraising $848

• 11f · Fees: investment management

  total $40,206 · management and general $40,206

• 11g · Fees: other

  total $12,584 · program services $9,438 · management and general $2,643 · fundraising $503

• 12 · Advertising and promotion

  total $11,055 · program services $8,291 · management and general $2,322 · fundraising $442

• 13 · Office expenses

  total $105,824 · program services $88,913 · management and general $12,678 · fundraising $4,233

• 14 · Information technology

  total $47,170 · program services $35,377 · management and general $9,906 · fundraising $1,887

• 16 · Occupancy

  total $156,636 · program services $117,477 · management and general $32,801 · fundraising $6,358

• 17 · Travel

  total $8,736 · program services $6,552 · management and general $1,835 · fundraising $349

• 19 · Conferences, conventions and meetings

  total $40,640 · program services $30,480 · management and general $8,534 · fundraising $1,626

• 22 · Depreciation, depletion and amortization

  total $11,055 · program services $8,291 · management and general $2,322 · fundraising $442

• 23 · Insurance

  total $28,316 · management and general $28,316

• 24a · Other expenses: MONTHLY LUNCHEONS

  total $279,481 · program services $279,481

• 24b · Other expenses: FUNDRAISING

  total $22,813 · fundraising $22,813

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,652,178 · end of year $2,395,512

• 3 · Pledges and grants receivable

  beginning of year $27,468 · end of year $33,218

• 4 · Accounts receivable

  beginning of year $220,822 · end of year $185,907

• 9 · Prepaid expenses and deferred charges

  beginning of year $93,581 · end of year $92,076

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

  $171,139

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

  $141,136

• 10c · Land, buildings and equipment, net

  beginning of year $23,225 · end of year $30,003

• 11 · Investments: publicly traded securities

  beginning of year $5,230,563 · end of year $5,705,268

• 15 · Other assets

  beginning of year $0 · end of year $765,206

• 17 · Accounts payable and accrued expenses

  beginning of year $113,410 · end of year $74,227

• 19 · Deferred revenue

  beginning of year $377,417 · end of year $252,333

• 25 · Other liabilities

  beginning of year $0 · end of year $935,350

• 27 · Net assets without donor restrictions

  beginning of year $4,476,872 · end of year $5,890,142

• 28 · Net assets with donor restrictions

  beginning of year $2,280,138 · end of year $2,055,138

The filer's explanations (Part III)

PART I, LINE 1A

THE WINGS CLUB FOUNDATION PROVIDES SOCIAL CLUB DUES TO THE EXECUTIVE DIRECTOR.

PART I, LINE 1B

THE WINGS CLUB FOUNDATION REIMBURSES THE SOCIAL CLUB DUES TO THE EXECUTIVE DIRECTOR.