Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $68,234

• 2a · Program service revenue: MEMBERSHIP DUES

  total $7,215,984 · related or exempt $7,215,984

• 2b · Program service revenue: EXCHANGE CONTRACTS/GOV

  total $413,128 · related or exempt $413,128

• 2c · Program service revenue: EDUCATION SEMINARS

  total $376,610 · related or exempt $376,610

• 2d · Program service revenue: CONVENTIONS

  total $270,257 · related or exempt $270,257

• 3 · Investment income

  total $392,792 · excluded $392,792

• 5 · Royalties

  total $29,809 · excluded $29,809

• 6a · Gross rents

  real property $1,400

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,400

• 6d · Net rental income or loss

  total $1,400 · related or exempt $1,400

• 7a · Gross sales of assets other than inventory

  securities $2,791

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

  securities $0

• 7c · Gain or loss

  securities $2,791

• 7d · Net gain or loss

  total $2,791 · excluded $2,791

• 11a · Other revenue: ADVERTISING REVENUE

  total $27,542 · unrelated business $27,542

• 11e · Other revenue, total

  $27,542

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $36,420

• 5 · Compensation of officers, directors and key employees

  total $1,191,295

• 7 · Other salaries and wages

  total $1,660,555

• 8 · Pension plan contributions

  total $150,624

• 9 · Other employee benefits

  total $210,703

• 10 · Payroll taxes

  total $274,569

• 11b · Fees: legal

  total $276,237

• 11c · Fees: accounting

  total $29,000

• 11d · Fees: lobbying

  total $330,862

• 11f · Fees: investment management

  total $51,243

• 11g · Fees: other

  total $268,518

• 13 · Office expenses

  total $405,656

• 14 · Information technology

  total $344,026

• 16 · Occupancy

  total $356,673

• 17 · Travel

  total $470,330

• 19 · Conferences, conventions and meetings

  total $748,481

• 20 · Interest

  total $65,752

• 22 · Depreciation, depletion and amortization

  total $372,824

• 23 · Insurance

  total $42,026

• 24a · Other expenses: TAXES

  total $8,191

• 24b · Other expenses: MEMBER ADVOCACY AND OUT

  total $68,012

• 24c · Other expenses: EDUCATION AND TRAINING

  total $45,503

• 24d · Other expenses: EQUIPMENT RENTAL

  total $25,720

• 24e · All other expenses

  total $4,926

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $970,912 · end of year $884,621

• 2 · Savings and temporary cash investments

  beginning of year $583,204 · end of year $850,366

• 3 · Pledges and grants receivable

  beginning of year $55,901 · end of year $61,388

• 4 · Accounts receivable

  beginning of year $19,136 · end of year $1,132

• 9 · Prepaid expenses and deferred charges

  beginning of year $108,174 · end of year $117,350

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

  $9,771,096

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

  $1,246,421

• 10c · Land, buildings and equipment, net

  beginning of year $8,871,863 · end of year $8,524,675

• 11 · Investments: publicly traded securities

  beginning of year $9,374,993 · end of year $11,459,360

• 15 · Other assets

  beginning of year $98,038 · end of year $160,785

• 17 · Accounts payable and accrued expenses

  beginning of year $462,349 · end of year $589,300

• 19 · Deferred revenue

  beginning of year $1,190,087 · end of year $1,204,819

• 23 · Secured mortgages and notes payable

  beginning of year $1,861,002 · end of year $1,714,933

• 25 · Other liabilities

  beginning of year $209,303 · end of year $297,671

• 27 · Net assets without donor restrictions

  beginning of year $16,359,480 · end of year $18,252,954

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR SPOUSES/GUESTS WAS PROVIDED TO MAR OFFICERS & SENIOR STAFF TO ATTEND ANNUAL BUSINESS MEETINGS. THESE TRAVEL AMOUNTS WERE REPORTED ON THEIR FORM W-2S AND/OR 1099S. FIRST-CLASS OR CHARTER TRAVEL WAS PROVIDED FOR LEGAL UPDATES. UPGRADES WERE PROVIDED FOR TRAVELING COMPANIONS. TAX INDEMNIFICATION AND GROSS-UP PAYMENTS WERE PROVIDED TO GROSS UP TRAVEL REIMBURSEMENTS TO COVER TAXES OWED BY STAFF AND/OR OFFICERS. THE COUNTRY CLUB OF LANSING DUES WERE PAID BY THE ORGANIZATION ON BEHALF OF SENIOR STAFF FOR SOCIAL AND BUSINESS NETWORKING PURPOSES.