Totals
- Total revenue
- $3,920,626
- Total expenses
- $4,606,629
- Contributions and grants received
- $3,731,009
- Grants paid
- $0
- Program service revenue
- $125,443
- Investment income
- $20,899
- Other revenue
- $43,275
- Total assets, end of year
- $1,720,504
- Total liabilities, end of year
- $638,657
- Net assets or fund balances, end of year
- $1,081,847
- Program services expenses (Part IX)
- $3,559,786
- Management and general expenses
- $472,846
- Fundraising expenses
- $573,997
- Program service expenses (Part III)
- $3,559,786
Program services were 77.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$535,641
-
1f · All other contributions, gifts and grants
$3,195,368
-
2a · Program service revenue: Training & conferences
total $125,443 · related or exempt $125,443
-
3 · Investment income
total $16,639 · excluded $16,639
-
7a · Gross sales of assets other than inventory
securities $222,269
-
7b · Less cost or other basis and sales expenses
securities $218,009
-
7c · Gain or loss
securities $4,260
-
7d · Net gain or loss
total $4,260 · excluded $4,260
-
11a · Other revenue: Bank Adjustment
total $40,021 · excluded $40,021
-
11b · Other revenue: CC Rewards
total $2,409 · excluded $2,409
-
11c · Other revenue: Cash Back rewards
total $845 · excluded $845
-
11e · Other revenue, total
$43,275
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $156,862 · program services $109,068 · management and general $16,782 · fundraising $31,012
-
7 · Other salaries and wages
total $1,674,521 · program services $1,164,311 · management and general $179,141 · fundraising $331,069
-
8 · Pension plan contributions
total $38,862 · program services $27,021 · management and general $4,157 · fundraising $7,684
-
9 · Other employee benefits
total $164,795 · program services $114,583 · management and general $17,630 · fundraising $32,582
-
10 · Payroll taxes
total $136,330 · program services $94,791 · management and general $14,585 · fundraising $26,954
-
11b · Fees: legal
total $33,165 · program services $13,553 · management and general $8,355 · fundraising $11,257
-
11c · Fees: accounting
total $126,938 · management and general $126,938
-
11f · Fees: investment management
total $1,336 · management and general $1,336
-
11g · Fees: other
total $238,166 · program services $178,930 · management and general $25,236 · fundraising $34,000
-
13 · Office expenses
total $281,687 · program services $149,609 · management and general $89,089 · fundraising $42,989
-
14 · Information technology
total $93,282 · program services $54,771 · management and general $19,864 · fundraising $18,647
-
17 · Travel
total $186,792 · program services $154,492 · management and general $19,788 · fundraising $12,512
-
19 · Conferences, conventions and meetings
total $900,931 · program services $900,931
-
22 · Depreciation, depletion and amortization
total $3,333 · program services $129 · management and general $3,094 · fundraising $110
-
23 · Insurance
total $3,496 · program services $135 · management and general $3,245 · fundraising $116
-
24a · Other expenses: International Partner P
total $326,978 · program services $326,978
-
24b · Other expenses: Other
total $125,855 · program services $100,259 · management and general $24,715 · fundraising $881
-
24c · Other expenses: Tuition
total $113,300 · program services $113,300
-
24d · Other expenses: Allocation
total $0 · program services $56,925 · management and general -$81,109 · fundraising $24,184
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,060,888 · end of year $462,157
-
2 · Savings and temporary cash investments
beginning of year $60,083 · end of year $353,920
-
3 · Pledges and grants receivable
beginning of year $722,126 · end of year $610,706
-
9 · Prepaid expenses and deferred charges
beginning of year $27,855 · end of year $11,301
-
10a · Land, buildings and equipment: cost or other basis
$20,000
-
10b · Land, buildings and equipment: accumulated depreciation
$11,736
-
10c · Land, buildings and equipment, net
beginning of year $11,597 · end of year $8,264
-
11 · Investments: publicly traded securities
beginning of year $389,180 · end of year $274,156
-
17 · Accounts payable and accrued expenses
beginning of year $289,752 · end of year $220,323
-
19 · Deferred revenue
beginning of year $3,938 · end of year $127,500
-
25 · Other liabilities
beginning of year $215,630 · end of year $290,834
-
27 · Net assets without donor restrictions
beginning of year $1,127,667 · end of year $779,847
-
28 · Net assets with donor restrictions
beginning of year $634,742 · end of year $302,000
Mission and programs · 2024
Mission
LGBTQ Victory Institute works to achieve and sustain equality through leadership development, trainings, research and convenings. We work around the globe to increase the number, expand the diversity, and ensure the success of out LGBTQ+ elected and appointed officials at all levels of government.
Activities or mission (Part I)
To achieve full equality for lesbian, gay, bisexual and transgender people by building, supporting, and advancing a diverse network of LGBTQ+ public leaders.
-
International LGBTQ+ Leaders Conference: The annual conference for LGBTQ+ leaders provides a collegial, informative, and friendly environment for networking, leadership development, and discussion among out LGBTQ+ public leaders in government, advocacy, politics, and business. Local, state, federal, and international officials gather to exchange ideas and best practices for serving their communities and advancing equality.
Expenses $2,837,083
-
Global Program: Victory Institute works with local partners globally to build LGBTQ+ political participation in countries where LGBTQ+ elected officials are rare and LGBTQ+ equality remains elusive. Victory Institute offers trainings, works with political parties, builds visibility campaigns and institutes other programs in-country to support out leaders. It also holds the Conference of LGBTI Political Leaders of the Americas and Caribbean every other year with more than 600 LGBTQ+ elected officials and activists in attendance.
Expenses $409,533 · Revenue $125,443
-
Research and Communications: Victory Institute manages the Out for America map, a database and research tool that documents every known openly LGBTQ+ elected official in the United States. It also releases an annual Out for America research report that analyzes the current state of LGBTQ+ representation in elected office by demographics and position levels. Victory Institute also promotes the work and achievements of LGBTQ+ elected officials in the media and through its email listserv. It will provide media strategy and support to elected officials who face homophobic or transphobic attacks as well.
Expenses $313,170
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Howard Pulchin-Ramos
Board Chair
- Total calculated
- $0
- Hours/week
- 4
-
Nancy Katz
Board Vice-Chair
- Total calculated
- $0
- Hours/week
- 4
-
Brian Maloney
Board Treasurer
- Total calculated
- $0
- Hours/week
- 4
-
David Reid
Board Secretary
- Total calculated
- $0
- Hours/week
- 4
-
Aidan Madigan-Curtis
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ann Johnson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Brady Walkinshaw
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Campbell Spencer
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Caroline Fisher-O'Neill
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Catherine Pino
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Dennis Chiu
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Ellen Farrell
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Eric Nelson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Gretchen Wetzel
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Jay Kumar
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Katherine Rice
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Lynn Greer
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Michael Mattmiller
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Mike Fuller
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Neil Giuliano
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Rebecca Prozan
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Rhett Wilson
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Richard Holt
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Richard Poppen
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Twaun Samuel
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
Annise Parker
President and CEO
- Total calculated
- $156,862
- From this org
- $152,538
- From related orgs
- $0
- Other
- $4,324
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $152,019
- Bonus
- $0
- Other
- $519
- Deferred
- $4,324
- Nontaxable benefits
- $0
- Filer's total
- $156,862
-
Elliot Imse
Executive Director
- Total calculated
- $197,443
- From this org
- $184,493
- From related orgs
- $0
- Other
- $12,950
- Hours/week
- 45
Schedule J breakdown matched by us
- Base
- $183,447
- Bonus
- $0
- Other
- $1,046
- Deferred
- $5,911
- Nontaxable benefits
- $7,039
- Filer's total
- $197,443
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 10 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202513149349302071
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