Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $19,675,580

• 1f · All other contributions, gifts and grants

  $18,441,965

• 2a · Program service revenue: INDUSTRY PROGRAM SERVICE EXCHANGE

  total $20,175,896 · related or exempt $20,175,896

• 3 · Investment income

  total $322,094 · excluded $322,094

• 7a · Gross sales of assets other than inventory

  securities $2,182,000

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

  securities $2,132,132

• 7c · Gain or loss

  securities $49,868

• 7d · Net gain or loss

  total $49,868 · excluded $49,868

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $1,520 · excluded $1,520

• 11e · Other revenue, total

  $1,520

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $3,000,000 · program services $3,000,000

• 5 · Compensation of officers, directors and key employees

  total $1,255,378 · program services $463,837 · management and general $791,541

• 7 · Other salaries and wages

  total $16,389,677 · program services $12,054,576 · management and general $4,335,101

• 8 · Pension plan contributions

  total $726,100 · program services $572,674 · management and general $153,426

• 9 · Other employee benefits

  total $1,699,571 · program services $1,253,484 · management and general $446,087

• 10 · Payroll taxes

  total $1,307,730 · program services $934,636 · management and general $373,094

• 11b · Fees: legal

  total $5,618 · management and general $5,618

• 11c · Fees: accounting

  total $88,425 · management and general $88,425

• 11f · Fees: investment management

  total $3,337 · management and general $3,337

• 11g · Fees: other

  total $966,809 · program services $902,743 · management and general $64,066

• 12 · Advertising and promotion

  total $4,042 · program services $4,042

• 13 · Office expenses

  total $25,386 · management and general $25,386

• 14 · Information technology

  total $1,818,950 · program services $756,440 · management and general $1,062,510

• 16 · Occupancy

  total $258,586 · management and general $258,586

• 17 · Travel

  total $1,052,899 · program services $981,609 · management and general $71,290

• 22 · Depreciation, depletion and amortization

  total $169,895 · management and general $169,895

• 23 · Insurance

  total $167,598 · management and general $167,598

• 24a · Other expenses: SUBCONTRACTOR PAYMENTS

  total $26,672,138 · program services $26,672,138

• 24b · Other expenses: RESEARCH EXPENSES

  total $4,206,447 · program services $4,206,447

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $42,434 · management and general $42,434

• 24d · Other expenses: TRAINING

  total $34,150 · management and general $34,150

• 24e · All other expenses

  total $79,567 · program services $22,609 · management and general $56,958

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,863,735 · end of year $908,198

• 2 · Savings and temporary cash investments

  beginning of year $8,968,703 · end of year $4,498,681

• 3 · Pledges and grants receivable

  beginning of year $5,245,794 · end of year $11,872,238

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,472,099 · end of year $184,046

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

  $1,444,340

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

  $779,950

• 10c · Land, buildings and equipment, net

  beginning of year $548,582 · end of year $664,390

• 11 · Investments: publicly traded securities

  beginning of year $1,067,835 · end of year $2,900,318

• 14 · Intangible assets

  end of year $3,849,157

• 15 · Other assets

  beginning of year $915,599 · end of year $750,735

• 17 · Accounts payable and accrued expenses

  beginning of year $2,792,914 · end of year $4,362,473

• 19 · Deferred revenue

  beginning of year $21,568,416 · end of year $26,013,278

• 25 · Other liabilities

  beginning of year $975,927 · end of year $819,344

• 27 · Net assets without donor restrictions

  beginning of year -$4,254,910 · end of year -$5,567,332

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD OF DIRECTORS SHALL ANNUALLY REVIEW AND APPROVE THE COMPENSATION OF THE CORPORATE OFFICERS, ANY KEY EMPLOYEES (AS DEFINED BY THE IRS), AND THE NEXT FIVE HIGHEST COMPENSATED EMPLOYEES AS LISTED ON THE ORGANIZATION'S PRIOR YEAR FORM 990. IT IS THE BOARD'S INTENTION THAT THIS POLICY AND ITS ASSOCIATED PROCEDURES WILL MEET THE REBUTTABLE PRESUMPTION TEST UNDER IRC 4958 AND TREASURY REGULATION 53.4958-6. THE PURPOSE OF THE ANNUAL REVIEW IS TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. THE BOARD WILL KEEP ROBUST MINUTES OF ITS DELIBERATIONS AND DECISIONS, THE PRESIDENT'S REPORTS, THE CORPORATE TREASURER'S REPORTS, AND ANY OTHER SUPPORTING DOCUMENTATION THAT IT RELIES ON FOR ITS COMPENSATION DECISIONS. ALL THESE DOCUMENTS WILL BE DELIVERED TO THE CORPORATE SECRETARY PROMPTLY AFTER THE BOARD MEETING FOR ENTRY INTO THE CORPORATE BOOKS AND RECORDS.