Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $7,161,214

• 1f · All other contributions, gifts and grants

  $996,318

• 1g · Noncash contributions included above

  $2,291,389

• 2a · Program service revenue: CONTINUING EDUCATION

  total $39,704 · related or exempt $39,704

• 3 · Investment income

  total $372,668 · excluded $372,668

• 7a · Gross sales of assets other than inventory

  securities $3,907,922

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

  securities $3,700,022

• 7c · Gain or loss

  securities $207,900

• 7d · Net gain or loss

  total $207,900 · excluded $207,900

• 8a · Fundraising events: gross income

  $164,410

• 8a · Fundraising events: contributions included on line 1c

  $7,161,214

• 8b · Fundraising events: direct expenses

  $893,800

• 8c · Net income from fundraising events

  total -$729,390 · excluded -$729,390

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $872 · related or exempt $872

• 11e · Other revenue, total

  $872

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,197,237 · program services $1,197,237

• 2 · Grants to domestic individuals

  total $372,775 · program services $372,775

• 3 · Grants to foreign organizations and individuals

  total $253,480 · program services $253,480

• 5 · Compensation of officers, directors and key employees

  total $537,108 · program services $321,599 · management and general $37,097 · fundraising $178,412

• 7 · Other salaries and wages

  total $835,829 · program services $506,126 · management and general $57,295 · fundraising $272,408

• 9 · Other employee benefits

  total $122,048 · program services $65,672 · management and general $8,997 · fundraising $47,379

• 10 · Payroll taxes

  total $86,991 · program services $47,380 · management and general $7,408 · fundraising $32,203

• 11b · Fees: legal

  total $11,018 · program services $7,693 · management and general $2,647 · fundraising $678

• 11c · Fees: accounting

  total $21,000 · program services $14,662 · management and general $5,046 · fundraising $1,292

• 11f · Fees: investment management

  total $47,929 · management and general $47,929

• 11g · Fees: other

  total $109,742 · program services $76,619 · management and general $26,369 · fundraising $6,754

• 12 · Advertising and promotion

  total $129,658 · program services $125,908 · fundraising $3,750

• 13 · Office expenses

  total $37,723 · program services $31,975 · management and general $1,349 · fundraising $4,399

• 14 · Information technology

  total $104,482 · program services $96,603 · management and general $1,484 · fundraising $6,395

• 16 · Occupancy

  total $100,443 · program services $50,344 · management and general $7,979 · fundraising $42,120

• 17 · Travel

  total $145,478 · program services $65,678 · management and general $5,722 · fundraising $74,078

• 19 · Conferences, conventions and meetings

  total $57,578 · program services $37,337 · management and general $3,485 · fundraising $16,756

• 23 · Insurance

  total $7,572 · program services $3,227 · management and general $510 · fundraising $3,835

• 24a · Other expenses: AUCTION EXPENSE

  total $2,431,225 · program services $839 · management and general $1,401 · fundraising $2,428,985

• 24b · Other expenses: FOOD & BEVERAGES

  total $82,910 · program services $20,839 · management and general $87 · fundraising $61,984

• 24c · Other expenses: BANK & CREDIT CARD FEES

  total $11,768 · program services $5,377 · management and general $813 · fundraising $5,578

• 24d · Other expenses: AUDIO & VIDEO SERVICES

  total $6,642 · program services $3,774 · fundraising $2,868

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,491,402 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $268,061 · end of year $1,925,644

• 3 · Pledges and grants receivable

  beginning of year $1,213,680 · end of year $683,994

• 4 · Accounts receivable

  beginning of year $56,094 · end of year $16,092

• 9 · Prepaid expenses and deferred charges

  beginning of year $112,928 · end of year $28,877

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

  $49,623

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

  $49,623

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $6,636,136 · end of year $8,098,459

• 12 · Investments: other securities

  beginning of year $3,633,159 · end of year $4,578,259

• 15 · Other assets

  beginning of year $204,957 · end of year $107,208

• 17 · Accounts payable and accrued expenses

  beginning of year $569,064 · end of year $465,402

• 18 · Grants payable

  beginning of year $868,023 · end of year $855,200

• 25 · Other liabilities

  beginning of year $207,683 · end of year $110,170

• 27 · Net assets without donor restrictions

  beginning of year $6,001,734 · end of year $7,688,449

• 28 · Net assets with donor restrictions

  beginning of year $5,969,913 · end of year $6,319,312

The filer's explanations (Part III)

PART I, LINE 5

THE ORGANIZATION HAS A LONG-TERM INCENTIVE PLAN IN PLACE WITH THE PRESIDENT AND CEO. THE PLAN INCLUDES A VARIETY OF MULTI-YEAR GOALS THAT ARE GROUPED IN 3 YEAR CYCLES AND ARE PAID BASED ON A SLIDING SCALE. THE DEFINED REVENUE TARGETS MUST BE AT LEAST 80% ACHIEVED TO QUALIFY FOR AN INCENTIVE PAYMENT.

PART I, LINE 7

THE PRESIDENT AND CEO IS ELIGIBLE TO RECEIVE AN ANNUAL BONUS UP TO 30% OF BASE COMPENSATION. THE CRITERIA USED TO DETERMINE ANNUAL BONUS ELIGIBILITY IS BASED ON THE PRESIDENT AND CEO'S PERFORMANCE DURING THE YEAR BASED ON SUCCESSFUL MANAGEMENT OF THE ORGANIZATION AND THE ATTAINMENT OF ANNUAL GOALS. RECOMENDATIONS FOR AWARDING THE PRESIDENT AND CEO THE ANNUAL BONUS IS MADE BY THE BOARD CHAIRMAN, IN COORDINATION WITH THE COMPENSATION COMMITTEE, BASED ON THE ANNUAL PERFORMANCE EVALUATION OF THE PRESIDENT AND CEO. THE RECOMENDATIONS ARE THEN PRESENTED AND DETERMINED BY THE FULL BOARD.