Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MEMBERSHIP DUES

  total $27,513,750 · related or exempt $27,513,750

• 2b · Program service revenue: FLIS SUBSCRIPTION

  total $1,104,996 · related or exempt $1,104,996

• 2c · Program service revenue: SPONSORSHIPS

  total $709,143 · excluded $709,143

• 2d · Program service revenue: OBD CERTIFICATION

  total $330,000 · related or exempt $330,000

• 3 · Investment income

  total $368,901 · excluded $368,901

• 6a · Gross rents

  real property $1,469,286

• 6b · Less rental expenses

  real property $1,469,286

• 6c · Rental income or loss

  real property $0

• 7a · Gross sales of assets other than inventory

  securities $13,154,561

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

  securities $12,834,084

• 7c · Gain or loss

  securities $320,477

• 7d · Net gain or loss

  total $320,477 · excluded $320,477

• 11a · Other revenue: OTHER INCOME

  total $22,446 · excluded $22,446

• 11e · Other revenue, total

  $22,446

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $968,817

• 5 · Compensation of officers, directors and key employees

  total $5,825,514

• 7 · Other salaries and wages

  total $5,806,158

• 8 · Pension plan contributions

  total $1,259,384

• 9 · Other employee benefits

  total $810,266

• 10 · Payroll taxes

  total $625,981

• 11b · Fees: legal

  total $1,021,629

• 11c · Fees: accounting

  total $237,556

• 11d · Fees: lobbying

  total $3,111,543

• 11f · Fees: investment management

  total $52,145

• 11g · Fees: other

  total $4,958,417

• 12 · Advertising and promotion

  total $240,877

• 13 · Office expenses

  total $197,571

• 14 · Information technology

  total $562,639

• 16 · Occupancy

  total $1,653,779

• 17 · Travel

  total $589,621

• 19 · Conferences, conventions and meetings

  total $1,205,077

• 20 · Interest

  total $1,649

• 22 · Depreciation, depletion and amortization

  total $450,616

• 23 · Insurance

  total $146,941

• 24a · Other expenses: DUES & SUBSCRIPTIONS

  total $1,080,425

• 24b · Other expenses: LICENSES & TAXES

  total $259,173

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $99,593

• 24d · Other expenses: MISCELLANEOUS EXPENSES

  total $461

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,047,954 · end of year $1,466,829

• 2 · Savings and temporary cash investments

  beginning of year $1,366,062 · end of year $24,725

• 4 · Accounts receivable

  beginning of year $709,100 · end of year $1,528,719

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $340,000

• 9 · Prepaid expenses and deferred charges

  beginning of year $537,333 · end of year $600,369

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

  $4,465,869

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

  $2,379,589

• 10c · Land, buildings and equipment, net

  beginning of year $2,126,957 · end of year $2,086,280

• 11 · Investments: publicly traded securities

  beginning of year $11,104,374 · end of year $10,486,776

• 12 · Investments: other securities

  beginning of year $559,883 · end of year $818,682

• 15 · Other assets

  beginning of year $5,988,543 · end of year $11,270,830

• 17 · Accounts payable and accrued expenses

  beginning of year $4,152,576 · end of year $4,522,687

• 19 · Deferred revenue

  beginning of year $596,817 · end of year $458,260

• 25 · Other liabilities

  beginning of year $10,765,835 · end of year $14,998,308

• 27 · Net assets without donor restrictions

  beginning of year $8,924,978 · end of year $8,643,955

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT AND CEO FLIES BUSINESS CLASS FOR INTERNATIONAL FLIGHTS AND, WHEN REASONABLE, FLIES FIRST CLASS FOR DOMESTIC FLIGHTS. HE ALSO RECIEVES TAX INDEMNIFICATION & GROSS-UPS AND HEALTH/SOCIAL CLUB DUES. THESE BENEFITS ARE INCLUDED IN TAXABLE COMPENSATION. HE ALSO RECIEVE TRAVEL FOR COMPANIONS BUT IT IS NOT INCLUDED IN TAXABLE COMPENSATION.

PART I, LINE 4B

JOHN BOZZELLA, 457(F): $266,092 WAS CONTRIBUTED FOR 2024, AND $415,791 WAS ACCRUED IN 2024 FOR 2025 CONTRIBUTIONS