Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $371,004

• 1f · All other contributions, gifts and grants

  $417,721

• 1g · Noncash contributions included above

  $400

• 2a · Program service revenue: RENTAL INCOME

  total $20,000 · related or exempt $20,000

• 3 · Investment income

  total $203,253 · excluded $203,253

• 7a · Gross sales of assets other than inventory

  securities $54,894

• 7c · Gain or loss

  securities $54,894

• 7d · Net gain or loss

  total $54,894 · related or exempt $54,894

• 8a · Fundraising events: gross income

  $33,221

• 8b · Fundraising events: direct expenses

  $16,798

• 8c · Net income from fundraising events

  total $16,423 · excluded $16,423

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $358,967 · program services $358,967

• 2 · Grants to domestic individuals

  total $440,763 · program services $440,763

• 5 · Compensation of officers, directors and key employees

  total $46,190 · management and general $23,095 · fundraising $23,095

• 7 · Other salaries and wages

  total $33,197 · management and general $33,197

• 9 · Other employee benefits

  total $94 · management and general $94

• 11f · Fees: investment management

  total $28,732 · management and general $28,732

• 11g · Fees: other

  total $24,870 · management and general $24,870

• 12 · Advertising and promotion

  total $16,560 · program services $12 · management and general $16,548

• 13 · Office expenses

  total $21,344 · program services $15,730 · management and general $5,614

• 17 · Travel

  total $2,164 · program services $120 · management and general $2,044

• 19 · Conferences, conventions and meetings

  total $5,566 · program services $3,928 · management and general $1,638

• 23 · Insurance

  total $6,469 · management and general $6,469

• 24a · Other expenses: REPAIRS

  total $78,475 · program services $78,475

• 24b · Other expenses: LICENSES

  total $12,158 · program services $12,148 · management and general $10

• 24c · Other expenses: RETURN OF GRANT FUNDS

  total $11,132 · program services $11,132

• 24d · Other expenses: OTHER

  total $7,736 · program services $3,163 · management and general $4,573

• 24e · All other expenses

  total $170 · program services $28 · management and general $142

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $602,256 · end of year $3,267

• 2 · Savings and temporary cash investments

  end of year $310,298

• 3 · Pledges and grants receivable

  end of year $100,198

• 4 · Accounts receivable

  beginning of year $2,775

• 11 · Investments: publicly traded securities

  beginning of year $7,879,946 · end of year $8,911,630

• 15 · Other assets

  beginning of year $589,700 · end of year $589,700

• 17 · Accounts payable and accrued expenses

  beginning of year $26,329 · end of year $102,546

• 19 · Deferred revenue

  beginning of year $75,315 · end of year $32,847

• 27 · Net assets without donor restrictions

  beginning of year $1,949,851 · end of year $3,355,899

• 28 · Net assets with donor restrictions

  beginning of year $7,023,182 · end of year $6,423,801

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3

NORTHEASTERN JUNIOR COLLEGE PAID COMPENSATION AND BENEFITS TO INTERIM EXECUTIVE DIRECTOR MIKE WHITE. HE ACTED AS INTERIM FOUNDATION DIRECTOR FROM AUGUST TO NOVEMBER 2023; HIS WAGES REMAINED THE SAME, BEING PAID FROM THE COLLEGE NOT THE FOUNDATION.