Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $35,758

• 3 · Investment income

  total $159,496 · excluded $159,496

• 7a · Gross sales of assets other than inventory

  securities $1,817,335

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

  securities $1,235,556

• 7c · Gain or loss

  securities $581,779

• 7d · Net gain or loss

  total $581,779 · excluded $581,779

• 11a · Other revenue: Other income

  total $1,444 · excluded $1,444

• 11e · Other revenue, total

  $1,444

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $685,980 · program services $685,980

• 7 · Other salaries and wages

  total $17,221 · management and general $17,221

• 11f · Fees: investment management

  total $26,756 · management and general $26,756

• 13 · Office expenses

  total $1,219 · management and general $1,219

• 17 · Travel

  total $3,161 · management and general $3,161

• 19 · Conferences, conventions and meetings

  total $2,679 · management and general $2,679

• 24a · Other expenses: Allocated overhead

  total $4,314 · management and general $4,314

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $88,004 · end of year $86,544

• 3 · Pledges and grants receivable

  end of year $6,700

• 4 · Accounts receivable

  beginning of year $21,425

• 7 · Other notes and loans receivable

  end of year $2,230,864

• 11 · Investments: publicly traded securities

  beginning of year $5,060,343 · end of year $3,797,224

• 15 · Other assets

  beginning of year $320,114 · end of year $190,897

• 25 · Other liabilities

  beginning of year $0 · end of year $880,060

• 27 · Net assets without donor restrictions

  beginning of year $5,489,886 · end of year $5,432,169

The filer's explanations (Part III)

Part I, Line 3

The Endowment Fund does not pay compensation. However, Form 990, Part VII reports compensation paid by a related organization, The National Congress of Parents and Teachers. That organization uses the following methods to establish compensation of the Executive Director: - Compensation committee - Independent compensation consultant - Approval by the Board or compensation committee