Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $6,336,632

• 1f · All other contributions, gifts and grants

  $212,444

• 2a · Program service revenue: Service Fees

  total $97,490,640 · related or exempt $97,490,640

• 2b · Program service revenue: Participant Registrati

  total $260,550 · related or exempt $260,550

• 3 · Investment income

  total $1,815,137 · excluded $1,815,137

• 7a · Gross sales of assets other than inventory

  securities $120,441

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

  securities $0

• 7c · Gain or loss

  securities $120,441

• 7d · Net gain or loss

  total $120,441 · excluded $120,441

• 11a · Other revenue: Other Income

  total $5,088 · excluded $5,088

• 11e · Other revenue, total

  $5,088

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $38,896,098 · program services $38,896,098

• 2 · Grants to domestic individuals

  total $587,060 · program services $587,060

• 3 · Grants to foreign organizations and individuals

  total $2,223,999 · program services $2,223,999

• 5 · Compensation of officers, directors and key employees

  total $1,051,841 · program services $552,503 · management and general $474,376 · fundraising $24,962

• 7 · Other salaries and wages

  total $16,070,112 · program services $8,441,188 · management and general $7,247,555 · fundraising $381,369

• 8 · Pension plan contributions

  total $1,105,241 · program services $580,554 · management and general $498,459 · fundraising $26,228

• 9 · Other employee benefits

  total $1,397,516 · program services $734,078 · management and general $630,273 · fundraising $33,165

• 10 · Payroll taxes

  total $1,355,364 · program services $711,936 · management and general $611,263 · fundraising $32,165

• 11b · Fees: legal

  total $116,954 · program services $4,373 · management and general $112,581

• 11c · Fees: accounting

  total $108,341 · program services $4,050 · management and general $104,291

• 11f · Fees: investment management

  total $154,965 · management and general $154,965

• 11g · Fees: other

  total $38,346,170 · program services $37,656,074 · management and general $647,330 · fundraising $42,766

• 12 · Advertising and promotion

  total $8,380 · program services $8,287 · fundraising $93

• 13 · Office expenses

  total $54,140 · program services $32,525 · management and general $21,340 · fundraising $275

• 14 · Information technology

  total $1,573,967 · program services $644,706 · management and general $923,942 · fundraising $5,319

• 16 · Occupancy

  total $788,527 · program services $671,540 · management and general $111,138 · fundraising $5,849

• 17 · Travel

  total $553,731 · program services $434,104 · management and general $92,468 · fundraising $27,159

• 19 · Conferences, conventions and meetings

  total $315,567 · program services $283,829 · management and general $30,492 · fundraising $1,246

• 20 · Interest

  total $49,164 · program services $49,164

• 22 · Depreciation, depletion and amortization

  total $19,974 · management and general $19,974

• 23 · Insurance

  total $218,520 · program services $72,651 · management and general $145,869

• 24a · Other expenses: Service Fees

  total $137,885 · program services $45,859 · management and general $92,026

• 24b · Other expenses: Recruitment and Trainin

  total $90,974 · program services $450 · management and general $90,524

• 24c · Other expenses: Bad Debt

  total $35,645 · management and general $35,645

• 24d · Other expenses: Memberships and Dues

  total $24,126 · program services $9,496 · management and general $12,204 · fundraising $2,426

• 24e · All other expenses

  total $20,388 · management and general $20,388

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,778,778 · end of year $3,253,984

• 2 · Savings and temporary cash investments

  beginning of year $14,546,889 · end of year $15,363,947

• 4 · Accounts receivable

  beginning of year $7,355,785 · end of year $3,716,935

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,152,328 · end of year $1,381,746

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

  $538,348

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

  $529,507

• 10c · Land, buildings and equipment, net

  beginning of year $28,815 · end of year $8,841

• 11 · Investments: publicly traded securities

  beginning of year $37,235,531 · end of year $64,595,048

• 12 · Investments: other securities

  beginning of year $278,860 · end of year $336,636

• 15 · Other assets

  beginning of year $945,340 · end of year $821,662

• 17 · Accounts payable and accrued expenses

  beginning of year $15,762,244 · end of year $8,171,773

• 19 · Deferred revenue

  beginning of year $66,000 · end of year $425,075

• 25 · Other liabilities

  beginning of year $17,515,772 · end of year $44,521,363

• 27 · Net assets without donor restrictions

  beginning of year $32,167,557 · end of year $34,994,091

• 28 · Net assets with donor restrictions

  beginning of year $1,810,753 · end of year $1,366,497

The filer's explanations (Part III)

Part I, Line 7

The organization provided bonus compensation and stipends to its officers and employees during the year.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• Venturewell LLC

  To invest in and advise student-created ventures · MA · income $0 · assets $0

  Directly controlled by National Collegiate Inventors & Innovators Alliance Inc