Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $76,258,613

• 1f · All other contributions, gifts and grants

  $47,081,104

• 1g · Noncash contributions included above

  $1,878

• 2a · Program service revenue: WORKFORCE SOLUTIONS

  total $64,299,444 · related or exempt $64,299,444

• 2b · Program service revenue: PUBLIC HEALTH PROTECTION EFFORTS

  total $2,202,457 · related or exempt $2,202,457

• 3 · Investment income

  total $2,726,047 · excluded $2,726,047

• 7a · Gross sales of assets other than inventory

  securities $9,681,789

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

  securities $9,681,786

• 7c · Gain or loss

  securities $3

• 7d · Net gain or loss

  total $3 · excluded $3

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $39,558 · excluded $39,558

• 11e · Other revenue, total

  $39,558

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $31,583,609 · program services $31,583,609

• 2 · Grants to domestic individuals

  total $171,250 · program services $171,250

• 3 · Grants to foreign organizations and individuals

  total $2,793,616 · program services $2,793,616

• 5 · Compensation of officers, directors and key employees

  total $2,752,877 · program services $957,286 · management and general $1,230,314 · fundraising $565,277

• 7 · Other salaries and wages

  total $85,810,993 · program services $75,560,674 · management and general $8,838,830 · fundraising $1,411,489

• 8 · Pension plan contributions

  total $6,505,667 · program services $5,670,089 · management and general $731,358 · fundraising $104,220

• 9 · Other employee benefits

  total $7,086,510 · program services $6,091,727 · management and general $855,645 · fundraising $139,138

• 10 · Payroll taxes

  total $7,060,786 · program services $6,036,593 · management and general $872,133 · fundraising $152,060

• 11b · Fees: legal

  total $78,283 · program services $7,173 · management and general $70,960 · fundraising $150

• 11c · Fees: accounting

  total $148,345 · management and general $148,345

• 11f · Fees: investment management

  total $142,672 · management and general $142,672

• 11g · Fees: other

  total $49,768,875 · program services $47,406,871 · management and general $1,901,975 · fundraising $460,029

• 13 · Office expenses

  total $2,077,072 · program services $750,711 · management and general $749,504 · fundraising $576,857

• 14 · Information technology

  total $3,420,324 · program services $1,363,456 · management and general $2,002,202 · fundraising $54,666

• 16 · Occupancy

  total $825,687 · program services $713,038 · management and general $94,715 · fundraising $17,934

• 17 · Travel

  total $3,866,686 · program services $3,604,926 · management and general $238,772 · fundraising $22,988

• 19 · Conferences, conventions and meetings

  total $875,112 · program services $737,909 · management and general $128,862 · fundraising $8,341

• 20 · Interest

  total $624 · program services $147 · management and general $463 · fundraising $14

• 22 · Depreciation, depletion and amortization

  total $291,208 · program services $251,477 · management and general $33,405 · fundraising $6,326

• 23 · Insurance

  total $435,636 · program services $102,519 · management and general $323,122 · fundraising $9,995

• 24a · Other expenses: PROJECT SUPPLIES

  total $1,693,359 · program services $1,693,359

• 24b · Other expenses: CREDIT CARD FEES

  total $164,361 · program services $38,679 · management and general $121,911 · fundraising $3,771

• 24c · Other expenses: STAFF EXPENSES

  total $156,032 · program services $36,719 · management and general $115,733 · fundraising $3,580

• 24d · Other expenses: LICENSES & REGISTRATION

  total $19,090 · program services $4,492 · management and general $14,160 · fundraising $438

• 24e · All other expenses

  total $1,791 · program services $423 · management and general $1,327 · fundraising $41

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,234,538 · end of year $1,436,508

• 2 · Savings and temporary cash investments

  beginning of year $17,412,285 · end of year $23,459,293

• 3 · Pledges and grants receivable

  beginning of year $44,471,344 · end of year $31,967,628

• 4 · Accounts receivable

  beginning of year $19,000,536 · end of year $17,363,570

• 9 · Prepaid expenses and deferred charges

  beginning of year $6,160,089 · end of year $8,028,673

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

  $3,856,245

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

  $2,747,716

• 10c · Land, buildings and equipment, net

  beginning of year $920,665 · end of year $1,108,529

• 11 · Investments: publicly traded securities

  beginning of year $81,392,346 · end of year $80,308,512

• 15 · Other assets

  beginning of year $3,118,831 · end of year $2,581,864

• 17 · Accounts payable and accrued expenses

  beginning of year $8,123,996 · end of year $10,100,131

• 18 · Grants payable

  beginning of year $7,996,723 · end of year $2,704,082

• 19 · Deferred revenue

  end of year $1,074,917

• 25 · Other liabilities

  beginning of year $5,895,673 · end of year $4,615,934

• 27 · Net assets without donor restrictions

  beginning of year $53,164,538 · end of year $50,119,109

• 28 · Net assets with donor restrictions

  beginning of year $106,529,704 · end of year $97,640,404

The filer's explanations (Part III)

PART I, LINE 1B

THE FOUNDATION FOLLOWS IRS PRESCRIBED PROCEDURES FOR ESTABLISHING A REBUTTABLE PRESUMPTION OF REASONABLENESS OF ALL COMPENSATION PAID TO "DISQUALIFIED PERSONS" (AS DETAILED IN SECTION 4958 OF THE INTERNAL REVENUE CODE OF 1986). THE FOUNDATION HIRES AN INDEPENDENT, INTERNATIONAL HUMAN RESOURCES FIRM TO PROVIDE MARKET DATA FOR ALL STAFF POSITIONS. THIS FIRM USES A VARIETY OF SURVEYS AND USING THESE AND THEIR EXPERTISE, IT RECOMMENDS MARKET VALUES AND SALARY RANGES FOR STAFF POSITIONS. THE EXECUTIVE COMMITTEE OF THE FOUNDATION, WHICH IS COMPRISED OF THE CHAIR, TREASURER, SECRETARY, AND THE CHAIRS OF THE ADVANCEMENT AND NOMINATING COMMITTEES, ARE INDEPENDENT, VOTING MEMBERS OF THE BOARD OF DIRECTORS. THE COMMITTEE REVIEWS THE DATA, EVALUATES THE PERFORMANCE OF THE PRESIDENT/CEO AND VOTES ON HER COMPENSATION. THESE ACTIONS ARE DOCUMENTED IN ACCORDANCE WITH THE REGULATIONS UNDER SECTION 4958 OF THE CODE.

PART I, LINE 7

THE PRESIDENT & CEO OF THE ORGANIZATION, JUDITH MONROE, WAS AWARDED AN INCENTIVE BONUS OF $66,800. THE AMOUNT WAS DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS.