Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,874,490

• 1f · All other contributions, gifts and grants

  $13,419,977

• 1g · Noncash contributions included above

  $2,543,960

• 3 · Investment income

  total $8,571,802 · excluded $8,571,802

• 7a · Gross sales of assets other than inventory

  securities $50,561

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

  securities $0

• 7c · Gain or loss

  securities $50,561

• 7d · Net gain or loss

  total $50,561 · excluded $50,561

• 11a · Other revenue: ADMINISTRATIVE FEES

  total $2,639,622 · related or exempt $2,639,622

• 11b · Other revenue: OTHER PROGRAM RELATED REVENUE

  total $23,055 · related or exempt $23,055

• 11e · Other revenue, total

  $2,662,677

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $16,449,215 · program services $16,449,215

• 2 · Grants to domestic individuals

  total $1,581,270 · program services $1,581,270

• 3 · Grants to foreign organizations and individuals

  total $323,059 · program services $323,059

• 5 · Compensation of officers, directors and key employees

  total $722,461 · management and general $719,376 · fundraising $3,085

• 7 · Other salaries and wages

  total $1,068,523 · program services $783,125 · management and general $285,016 · fundraising $382

• 8 · Pension plan contributions

  total $40,323 · program services $31,671 · management and general $8,633 · fundraising $19

• 9 · Other employee benefits

  total $167,297 · program services $123,114 · management and general $44,114 · fundraising $69

• 10 · Payroll taxes

  total $101,533 · program services $61,531 · management and general $39,680 · fundraising $322

• 11b · Fees: legal

  total $5,647 · management and general $5,647

• 11c · Fees: accounting

  total $36,620 · program services $2,485 · management and general $34,135

• 11f · Fees: investment management

  total $105,560 · program services $105,560

• 11g · Fees: other

  total $79,154 · program services $71,115 · management and general $8,039

• 12 · Advertising and promotion

  total $581,940 · program services $513,913 · management and general $58,741 · fundraising $9,286

• 13 · Office expenses

  total $157,055 · program services $31,063 · management and general $125,992

• 16 · Occupancy

  total $80,918 · program services $6,200 · management and general $74,718

• 17 · Travel

  total $82,881 · program services $41,879 · management and general $41,002

• 22 · Depreciation, depletion and amortization

  total $51,597 · program services $524 · management and general $51,073

• 23 · Insurance

  total $21,760 · program services $2,394 · management and general $19,366

• 24a · Other expenses: UNRELATED BUSINESS INCO

  total $3,100 · program services $3,100

• 24b · Other expenses: ADMINISTRATIVE FEE

  total $2,438,380 · program services $2,438,380

• 24c · Other expenses: SPONSORSHIPS

  total $171,065 · program services $171,065

• 24d · Other expenses: MISCELLANEOUS

  total $119,190 · program services $81,027 · management and general $38,163

• 24e · All other expenses

  total $121,314 · program services $37,343 · management and general $83,971

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,739,653 · end of year $1,347,156

• 2 · Savings and temporary cash investments

  beginning of year $7,856,334 · end of year $7,257,842

• 7 · Other notes and loans receivable

  beginning of year $10,002,720 · end of year $9,557,052

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

  $772,214

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

  $536,389

• 10c · Land, buildings and equipment, net

  beginning of year $85,647 · end of year $235,825

• 12 · Investments: other securities

  beginning of year $210,745,951 · end of year $214,122,479

• 15 · Other assets

  beginning of year $580,058 · end of year $559,654

• 27 · Net assets without donor restrictions

  beginning of year $25,286,036 · end of year $24,652,710

• 28 · Net assets with donor restrictions

  beginning of year $205,724,327 · end of year $208,427,298

The filer's explanations (Part III)

PART I, LINE 1A

THE ORGANIZATION PAYS FOR THE COST OF KEITH BURWELL'S MEMBERSHIP AT THE TOLEDO CLUB IN ORDER TO HAVE A PLACE FOR MEETINGS WITH ADVISORS AND DONORS. ANY PERSONAL EXPENSES ARE KEITH'S TO REIMBURSE THE ORGANIZATION, AND ARE IDENTIFIED ON MONTHLY BILLS AND OFFSET ON EXPENSE REIMBURSEMENT FORMS.

PART I, LINE 3

THE BOARD CHAIRMAN COORDINATES THE COMPENSATION PROCESS. ALL MEMBERS OF THE BOARD GIVE INPUT TO THE CEO'S PERFORMANCE. ADDITIONALLY, SALARY SURVEYS FOR THE FIELD AND COMPARISON OF OTHER LOCAL NON-PROFIT ORGANIZATIONS ARE REVIEWED AS PART OF THE PROCESS.

PART I, LINE 4B

KEITH BURWELL $37,737 AND KIMBERLY CRYAN $25,174