Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $896,273

• 1d · Related organizations

  $11,952,606

• 1e · Government grants (contributions)

  $730,716

• 1f · All other contributions, gifts and grants

  $1,905,001

• 1g · Noncash contributions included above

  $50,491

• 2a · Program service revenue: FACILITIES ADMISSIONS

  total $16,720,996 · related or exempt $16,720,996

• 2b · Program service revenue: MEMBERSHIP

  total $4,046,059 · related or exempt $4,046,059

• 2c · Program service revenue: GUEST SERVICES & ATTRA

  total $992,666 · related or exempt $992,666

• 2d · Program service revenue: OTHER PROGRAM RELATED

  total $505,801 · related or exempt $505,801

• 2e · Program service revenue: LEARNING & ENGAGEMENT

  total $362,762 · related or exempt $362,762

• 3 · Investment income

  total $37,581 · excluded $37,581

• 6a · Gross rents

  real property $56,710

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $56,710

• 6d · Net rental income or loss

  total $56,710 · excluded $56,710

• 7a · Gross sales of assets other than inventory

  other assets $38,127

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

  other assets $0

• 7c · Gain or loss

  other assets $38,127

• 7d · Net gain or loss

  total $38,127 · excluded $38,127

• 8a · Fundraising events: gross income

  $495,632

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

  $896,273

• 8b · Fundraising events: direct expenses

  $569,579

• 8c · Net income from fundraising events

  total -$73,947 · excluded -$73,947

• 9a · Gaming: gross income

  $99,800

• 9b · Gaming: direct expenses

  $9,297

• 9c · Net income from gaming

  total $90,503 · excluded $90,503

• 10a · Gross sales of inventory

  $1,904,930

• 10b · Cost of goods sold

  $1,050,887

• 10c · Net income from sales of inventory

  total $854,043 · unrelated business $263,136 · excluded $590,907

• 11a · Other revenue: SPECIAL EVENTS

  total $2,174,879 · unrelated business $1,731,652 · excluded $443,227

• 11b · Other revenue: Gift shop and Food com

  total $1,792,707 · excluded $1,792,707

• 11c · Other revenue: GOLF & TENNIS

  total $1,772,969 · unrelated business $1,772,969

• 11e · Other revenue, total

  $5,740,555

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,424,125 · program services $1,424,125

• 5 · Compensation of officers, directors and key employees

  total $1,516,628 · management and general $1,516,628

• 7 · Other salaries and wages

  total $21,784,874 · program services $17,837,780 · management and general $3,527,839 · fundraising $419,255

• 8 · Pension plan contributions

  total $443,489 · management and general $443,489

• 9 · Other employee benefits

  total $2,538,870 · program services $88,365 · management and general $2,450,505

• 11b · Fees: legal

  total $117,071 · management and general $117,071

• 11c · Fees: accounting

  total $183,224 · management and general $183,224

• 11d · Fees: lobbying

  total $204,095 · fundraising $204,095

• 11f · Fees: investment management

  total $71,250 · management and general $71,250

• 11g · Fees: other

  total $4,627,314 · program services $2,991,145 · management and general $1,238,456 · fundraising $397,713

• 12 · Advertising and promotion

  total $2,118,755 · program services $1,984,766 · management and general $150 · fundraising $133,839

• 13 · Office expenses

  total $207,947 · program services $98,808 · management and general $103,455 · fundraising $5,684

• 14 · Information technology

  total $481,738 · program services $108,538 · management and general $373,200

• 16 · Occupancy

  total $4,243,780 · program services $4,167,388 · management and general $76,392

• 17 · Travel

  total $201,295 · program services $176,563 · management and general $24,732

• 19 · Conferences, conventions and meetings

  total $104,029 · program services $79,025 · management and general $13,830 · fundraising $11,174

• 20 · Interest

  total $165,316 · management and general $165,316

• 22 · Depreciation, depletion and amortization

  total $326,053 · program services $136,335 · management and general $189,718

• 23 · Insurance

  total $4,556,231 · program services $480 · management and general $4,555,751

• 24a · Other expenses: PROVISIONS FOR INCOME T

  total $43,000 · management and general $43,000

• 24b · Other expenses: OPERATING SUPPLIES AND

  total $5,681,772 · program services $5,372,515 · management and general $309,257

• 24c · Other expenses: EVENT PRODUCTION

  total $194,862 · fundraising $194,862

• 24d · Other expenses: SECURITY SERVICES

  total $147,785 · program services $147,785

• 24e · All other expenses

  total $527,688 · program services $365,815 · management and general $103,312 · fundraising $58,561

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,820,677 · end of year $5,104,693

• 3 · Pledges and grants receivable

  beginning of year $2,908,144 · end of year $869,168

• 4 · Accounts receivable

  beginning of year $430,230 · end of year $1,506,461

• 8 · Inventories for sale or use

  beginning of year $796,272 · end of year $33,841

• 9 · Prepaid expenses and deferred charges

  beginning of year $286,658 · end of year $369,730

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

  $4,501,524

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

  $3,575,091

• 10c · Land, buildings and equipment, net

  beginning of year $1,096,497 · end of year $926,433

• 11 · Investments: publicly traded securities

  beginning of year $848,866 · end of year $1,176,235

• 17 · Accounts payable and accrued expenses

  beginning of year $3,979,073 · end of year $5,241,800

• 19 · Deferred revenue

  beginning of year $3,576,802 · end of year $3,209,986

• 24 · Unsecured notes and loans payable

  end of year $2,500,000

• 25 · Other liabilities

  beginning of year $848,280 · end of year $1,176,235

• 27 · Net assets without donor restrictions

  beginning of year -$1,109,922 · end of year -$7,145,269

• 28 · Net assets with donor restrictions

  beginning of year $5,893,111 · end of year $5,003,809

The filer's explanations (Part III)

Part I, Line 4b

Audubon Nature Institute, Inc. has a discretionary 457 Executive Retirement Plan for one of its officers, President and CEO L. Ronald Forman. The plan provides additional compensation based on years of service and estimated pay at retirement. The assets of this plan are owned by Audubon Nature Institute. The plan was developed in 2004 as a best-practices strategy to retain seasoned professionals in senior leadership positions. During 2023, Ron Forman received a contribution of $139,081 to his 457f retirement plan.