Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $117,420

• 1d · Related organizations

  $5,000

• 1f · All other contributions, gifts and grants

  $94,244

• 1g · Noncash contributions included above

  $23,584

• 3 · Investment income

  total $108,979 · excluded $108,979

• 7a · Gross sales of assets other than inventory

  securities $562,696

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

  securities $479,075

• 7c · Gain or loss

  securities $83,621

• 7d · Net gain or loss

  total $83,621 · excluded $83,621

• 8a · Fundraising events: gross income

  $31,000

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

  $117,420

• 8b · Fundraising events: direct expenses

  $83,890

• 8c · Net income from fundraising events

  total -$52,890 · excluded -$52,890

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $78,500 · program services $78,500

• 2 · Grants to domestic individuals

  total $3,025 · program services $3,025

• 11b · Fees: legal

  total $18,391 · management and general $18,391

• 11c · Fees: accounting

  total $30,360 · management and general $30,360

• 11f · Fees: investment management

  total $23,829 · management and general $23,829

• 12 · Advertising and promotion

  total $102,666 · management and general $102,666

• 13 · Office expenses

  total $4,667 · management and general $4,667

• 23 · Insurance

  total $698 · management and general $698

• 24a · Other expenses: FUNDRAISING EXPENSE

  total $526 · fundraising $526

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $341,349 · end of year $191,723

• 2 · Savings and temporary cash investments

  beginning of year $1,179,426 · end of year $1,235,474

• 3 · Pledges and grants receivable

  beginning of year $2,547 · end of year $7,456

• 9 · Prepaid expenses and deferred charges

  end of year $196,153

• 11 · Investments: publicly traded securities

  beginning of year $2,158,530 · end of year $2,386,048

• 17 · Accounts payable and accrued expenses

  beginning of year $3,360 · end of year $83,034

• 25 · Other liabilities

  beginning of year $1,990 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $3,373,988 · end of year $3,630,164

• 28 · Net assets with donor restrictions

  beginning of year $302,514 · end of year $303,656

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 3:

NO COMPENSATION IS PAID BY SCTE FOUNDATION. THE RELATED PARTY, SCTE, HAS POLICIES IN PLACE FOR THEIR COMPENSATION REVIEW PROCESS. THAT OVERSITE PROCESS IS AS FOLLOWS: THE SCTE EXECUTIVE COMMITTEE IS RESPONSIBLE FOR SETTING THE ANNUAL COMPENSATION FOR AND BONUS AMOUNTS THAT MAY BE EARNED BY THE PRESIDENT AND CEO. THE SCTE EXECUTIVE COMMITTEE COMPLETES AN ANNUAL PERFORMANCE REVIEW OF THE PRESIDENT/CEO. THE CEO COMPENSATION LEVEL WAS COMPARED TO GUIDESTAR AND OTHER COMPENSATION STUDIES FOR COMPENSATION LEVELS REPORTED FOR SIMILAR POSITIONS IN LIKE ORGANIZATIONS AS WELL AS REVIEW BY AN INDEPENDENT COMPENSATION FIRM. THE DELIBERATION AND FINAL DECISION ARE TIMELY DOCUMENTED BY THE SCTE EXECUTIVE COMMITTEE.