Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,310,366

• 1f · All other contributions, gifts and grants

  $1,849,495

• 2a · Program service revenue: RESEARCH CONTRACTS

  total $2,026,604 · related or exempt $2,026,604

• 3 · Investment income

  total $43,534 · excluded $43,534

• 11a · Other revenue: MISCELLANEOUS

  total $200 · excluded $200

• 11e · Other revenue, total

  $200

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $147,906 · program services $147,906

• 5 · Compensation of officers, directors and key employees

  total $501,816 · program services $68,669 · management and general $295,581 · fundraising $137,566

• 7 · Other salaries and wages

  total $2,889,199 · program services $2,336,779 · management and general $309,396 · fundraising $243,024

• 8 · Pension plan contributions

  total $92,342 · program services $86,615 · management and general $1,335 · fundraising $4,392

• 9 · Other employee benefits

  total $288,816 · program services $211,477 · management and general $46,343 · fundraising $30,996

• 10 · Payroll taxes

  total $249,567 · program services $178,866 · management and general $43,180 · fundraising $27,521

• 11c · Fees: accounting

  total $54,600 · management and general $54,600

• 11g · Fees: other

  total $416,027 · program services $337,301 · management and general $26,827 · fundraising $51,899

• 12 · Advertising and promotion

  total $334 · program services $250 · management and general $84

• 13 · Office expenses

  total $46,908 · program services $33,640 · management and general $8,092 · fundraising $5,176

• 14 · Information technology

  total $114,964 · program services $82,395 · management and general $19,891 · fundraising $12,678

• 16 · Occupancy

  total $88,940 · program services $63,744 · management and general $15,388 · fundraising $9,808

• 17 · Travel

  total $99,222 · program services $91,894 · management and general $3,635 · fundraising $3,693

• 19 · Conferences, conventions and meetings

  total $25,051 · program services $17,859 · management and general $3,905 · fundraising $3,287

• 22 · Depreciation, depletion and amortization

  total $7,998 · program services $5,732 · management and general $1,384 · fundraising $882

• 23 · Insurance

  total $17,078 · program services $12,240 · management and general $2,955 · fundraising $1,883

• 24a · Other expenses: RESEARCH PARTNERS

  total $300,317 · program services $300,317

• 24b · Other expenses: RESEARCH EXPENSES

  total $87,077 · program services $87,077

• 24c · Other expenses: PROF. DEVELOPMENT

  total $12,483 · program services $8,946 · management and general $2,160 · fundraising $1,377

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,412,285 · end of year $2,602,252

• 2 · Savings and temporary cash investments

  beginning of year $262,212 · end of year $2,305,733

• 3 · Pledges and grants receivable

  beginning of year $948,152 · end of year $422,972

• 4 · Accounts receivable

  beginning of year $957,887 · end of year $591,352

• 9 · Prepaid expenses and deferred charges

  beginning of year $46,917 · end of year $84,148

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

  $70,404

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

  $67,743

• 10c · Land, buildings and equipment, net

  beginning of year $10,659 · end of year $2,661

• 15 · Other assets

  beginning of year $169,093 · end of year $87,603

• 17 · Accounts payable and accrued expenses

  beginning of year $289,943 · end of year $444,707

• 19 · Deferred revenue

  beginning of year $594,067 · end of year $1,022,085

• 25 · Other liabilities

  beginning of year $168,975 · end of year $86,155

• 27 · Net assets without donor restrictions

  beginning of year $3,270,603 · end of year $3,234,426

• 28 · Net assets with donor restrictions

  beginning of year $1,483,617 · end of year $1,309,348

The filer's explanations (Part III)

PART I, LINE 7

BONUSES FOR STAFF OF RFA ARE DETERMINED BY THE EXECUTIVE DIRECTOR AND ARE GIVEN TO EMPLOYEES WHO GO ABOVE AND BEYOND THEIR POSITION DESCRIPTION TO CONTRIBUTE TO THE ORGANIZATION IN MEANINGFUL WAYS. BONUSES FOR THE EXECUTIVE DIRECTOR ARE AWARDED BY THE BOARD FOLLOWING AN ANNUAL PERFORMANCE REVIEW PER THE STIPULATIONS OUTLINED IN THE EMPLOYMENT CONTRACT.

PART I, LINE 8

MARTHA KATE CALLAHAN, EXECUTIVE DIRECTOR, HAS AN EMPLOYMENT CONTRACT WITH THE ORGANIZATION STARTING JUNE 15, 2023. THE CONTRACT AUTOMATICALLY EXTENDS FOR 1 YEAR PERIODS UNLESS OTHERWISE NOTED BY THE BOARD OF DIRECTORS, OR THE EMPLOYEE.