Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $58,310

• 1d · Related organizations

  $758,930

• 1f · All other contributions, gifts and grants

  $22,991,117

• 1g · Noncash contributions included above

  $7,355,160

• 3 · Investment income

  total $4,850,626 · excluded $4,850,626

• 6a · Gross rents

  real property $88,216

• 6b · Less rental expenses

  real property $88,216

• 6c · Rental income or loss

  real property $0

• 7a · Gross sales of assets other than inventory

  securities $89,491,246

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

  securities $87,689,395

• 7c · Gain or loss

  securities $1,801,851

• 7d · Net gain or loss

  total $1,801,851 · excluded $1,801,851

• 8a · Fundraising events: gross income

  $28,300

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

  $58,310

• 8b · Fundraising events: direct expenses

  $93,222

• 8c · Net income from fundraising events

  total -$64,922 · excluded -$64,922

• 11a · Other revenue: ADMINISTRATIVE FEES

  total $2,017,993 · related or exempt $2,017,993

• 11b · Other revenue: OTHER REVENUE

  total $29,250 · related or exempt $29,250

• 11e · Other revenue, total

  $2,047,243

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $12,500,544 · program services $12,500,544

• 5 · Compensation of officers, directors and key employees

  total $437,826 · program services $226,457 · management and general $161,374 · fundraising $49,995

• 7 · Other salaries and wages

  total $1,129,017 · program services $415,866 · management and general $357,331 · fundraising $355,820

• 8 · Pension plan contributions

  total $59,404 · program services $21,982 · management and general $18,726 · fundraising $18,696

• 9 · Other employee benefits

  total $183,185 · program services $72,311 · management and general $56,612 · fundraising $54,262

• 10 · Payroll taxes

  total $118,021 · program services $48,046 · management and general $38,747 · fundraising $31,228

• 11b · Fees: legal

  total $7,637 · management and general $7,637

• 11c · Fees: accounting

  total $33,200 · management and general $33,200

• 11f · Fees: investment management

  total $443,506 · management and general $443,506

• 11g · Fees: other

  total $138,106 · program services $84,539 · management and general $49,266 · fundraising $4,301

• 12 · Advertising and promotion

  total $82,108 · management and general $82,108

• 13 · Office expenses

  total $34,830 · program services $6,190 · management and general $24,618 · fundraising $4,022

• 14 · Information technology

  total $100,792 · program services $30,129 · management and general $45,490 · fundraising $25,173

• 16 · Occupancy

  total $26,826 · management and general $26,826

• 17 · Travel

  total $13,820 · program services $4,837 · management and general $4,146 · fundraising $4,837

• 19 · Conferences, conventions and meetings

  total $30,089 · program services $2,492 · management and general $6,368 · fundraising $21,229

• 20 · Interest

  total $15,660 · management and general $15,660

• 22 · Depreciation, depletion and amortization

  total $35,499 · management and general $35,499

• 23 · Insurance

  total $33,669 · management and general $33,669

• 24a · Other expenses: FUND ACTIVITY EXPENSES

  total $1,820,308 · program services $1,820,308

• 24b · Other expenses: SEMINARS AND TRAINING

  total $35,273 · program services $2,110 · management and general $31,791 · fundraising $1,372

• 24c · Other expenses: MAINTENANCE

  total $8,707 · management and general $8,707

• 24d · Other expenses: SPECIAL EVENT RECLASS

  total -$5,410 · fundraising -$5,410

• 24e · All other expenses

  total $10,252 · management and general $9,111 · fundraising $1,141

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $0 · end of year $485,861

• 7 · Other notes and loans receivable

  beginning of year $170,000 · end of year $178,594

• 9 · Prepaid expenses and deferred charges

  beginning of year $59,965 · end of year $75,073

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

  $1,268,801

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

  $479,581

• 10c · Land, buildings and equipment, net

  beginning of year $821,719 · end of year $789,220

• 11 · Investments: publicly traded securities

  beginning of year $182,714,389 · end of year $214,728,226

• 12 · Investments: other securities

  beginning of year $3,044,183 · end of year $3,628,211

• 15 · Other assets

  beginning of year $429,848 · end of year $403,351

• 17 · Accounts payable and accrued expenses

  beginning of year $595,985 · end of year $216,342

• 18 · Grants payable

  beginning of year $34,104 · end of year $0

• 25 · Other liabilities

  beginning of year $50,807,874 · end of year $56,501,509

• 27 · Net assets without donor restrictions

  beginning of year $69,839,049 · end of year $70,828,937

• 28 · Net assets with donor restrictions

  beginning of year $65,963,092 · end of year $92,741,748

The filer's explanations (Part III)

PART I, LINE 7

BONUS PAYMENTS FOR THE CEO ARE DETERMINED BY THE EXECUTIVE COMMITTEE AND FOR OTHER EMPLOYEES ARE DETERMINED INTERNALLY BY MANAGEMENT. THEY ARE BASED ON THE FINANCIAL PERFORMANCE OF THE FOUNDATION AND A PERFORMANCE EVALUATION OF THE EMPLOYEE.