Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $299,799

• 1d · Related organizations

  $186,643

• 1f · All other contributions, gifts and grants

  $1,453,375

• 1g · Noncash contributions included above

  $125,485

• 2a · Program service revenue: EDUCATIONAL FEES

  total $10,647 · related or exempt $10,647

• 3 · Investment income

  total $901,488 · excluded $901,488

• 5 · Royalties

  total $1,837,138 · related or exempt $1,837,138

• 7a · Gross sales of assets other than inventory

  securities $9,945,194 · other assets $446,000

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

  securities $10,276,216 · other assets $0

• 7c · Gain or loss

  securities -$331,022 · other assets $446,000

• 7d · Net gain or loss

  total $114,978 · excluded $114,978

• 8a · Fundraising events: gross income

  $91,200

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

  $299,799

• 8b · Fundraising events: direct expenses

  $597,642

• 8c · Net income from fundraising events

  total -$506,442 · excluded -$506,442

• 11a · Other revenue: SHARED SERVICE REVENUE

  total $173,096 · excluded $173,096

• 11e · Other revenue, total

  $173,096

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $211,783 · program services $116,481 · management and general $84,713 · fundraising $10,589

• 7 · Other salaries and wages

  total $1,742,613 · program services $1,596,465 · management and general $46,121 · fundraising $100,027

• 8 · Pension plan contributions

  total $195,146 · program services $171,037 · management and general $13,064 · fundraising $11,045

• 9 · Other employee benefits

  total $132,600 · program services $116,218 · management and general $8,877 · fundraising $7,505

• 10 · Payroll taxes

  total $152,816 · program services $133,937 · management and general $10,230 · fundraising $8,649

• 11b · Fees: legal

  total $18,892 · program services $13,589 · management and general $3,650 · fundraising $1,653

• 11f · Fees: investment management

  total $9,801 · management and general $9,801

• 11g · Fees: other

  total $2,008,731 · program services $1,679,506 · management and general $117,216 · fundraising $212,009

• 12 · Advertising and promotion

  total $3,353 · program services $2,027 · management and general $1,326

• 13 · Office expenses

  total $197,498 · program services $122,566 · management and general $71,303 · fundraising $3,629

• 14 · Information technology

  total $44,432 · management and general $44,432

• 16 · Occupancy

  total $119,881 · program services $119,881

• 17 · Travel

  total $161,838 · program services $138,664 · management and general $22,416 · fundraising $758

• 19 · Conferences, conventions and meetings

  total $348,400 · program services $341,940 · management and general $5,938 · fundraising $522

• 22 · Depreciation, depletion and amortization

  total $95,077 · program services $88,810 · management and general $816 · fundraising $5,451

• 24a · Other expenses: SHARED SERVICES

  total $1,485,194 · management and general $1,485,194

• 24b · Other expenses: RECOGNITION, AWARDS & G

  total $511,574 · program services $511,574

• 24c · Other expenses: PROFESSIONAL DUES

  total $39,852 · program services $37,397 · management and general $2,455

• 24d · Other expenses: BAD DEBT

  total $26,355 · management and general $26,355

• 24e · All other expenses

  total $14,495 · program services $11,215 · management and general $3,280

• 26 · Joint costs (an allocation of the lines above)

  total $1,206,126 · program services $844,289 · management and general $0 · fundraising $361,837

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,467,368 · end of year $7,697,369

• 2 · Savings and temporary cash investments

  beginning of year $7,112,411 · end of year $4,522,735

• 3 · Pledges and grants receivable

  beginning of year $3,730,750 · end of year $2,257,893

• 4 · Accounts receivable

  beginning of year $360,973 · end of year $25,689

• 9 · Prepaid expenses and deferred charges

  beginning of year $614,496

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

  $67,643

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

  $55,414

• 10c · Land, buildings and equipment, net

  beginning of year $19,300,791 · end of year $12,229

• 11 · Investments: publicly traded securities

  beginning of year $32,649,148 · end of year $28,161,946

• 12 · Investments: other securities

  beginning of year $7,796,739 · end of year $6,586,987

• 15 · Other assets

  beginning of year $4,331,525 · end of year $4,990,060

• 17 · Accounts payable and accrued expenses

  beginning of year $6,095,109 · end of year $3,561,089

• 19 · Deferred revenue

  beginning of year $21,096,920 · end of year $5,000

• 21 · Escrow or custodial account liability

  beginning of year $25,624 · end of year $27,985

• 25 · Other liabilities

  beginning of year $23,859,601 · end of year $18,329,488

• 27 · Net assets without donor restrictions

  beginning of year $27,756,897 · end of year $33,162,317

• 28 · Net assets with donor restrictions

  beginning of year $3,530,050 · end of year -$830,971

The filer's explanations (Part III)

PART I, LINE 4B

457(F) PLAN - ALL APPROVED EXECUTIVES PARTICIPATE IN THE PLAN. A NON-QUALIFIED DEFERRED COMPENSATION PLAN IS MAINTAINED IN ACCORDANCE WITH SECTION 457(F) OF THE INTERNAL REVENUE CODE FOR THE BENEFIT OF THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER (CEO) AND APPROVED EXECUTIVES. UNDER THE TERMS OF THE PLAN, BEGINNING JANUARY 1 OF EACH CALENDAR YEAR, EXECUTIVES WHO WERE EMPLOYED AT THE ORGANIZATION IN THE PREVIOUS CALENDAR YEAR MAY EARN A COMPENSATION AWARD AS DETERMINED BY THE CEO. SUCH A COMPENSATION AWARD IS ALSO REVIEWED BY THE CEO OVERSIGHT AND COMPENSATION COMMITTEE. THE CEO MAY EARN AN ADDITIONAL AMOUNT AS DETERMINED BY THE BOARD OF DIRECTORS. THE CEO'S DEFERRED COMPENSATION IS VESTED AND PAID OUT IN ACCORDANCE WITH THE TERMS OF HIS CONTRACT. EACH DEFERRED COMPENSATION AWARD FOR ALL OTHER APPROVED EXECUTIVES IS GENERALLY VESTED THREE YEARS FROM THE GRANT DATE. UPON VESTING THE AWARD IS PAID OUT TO THE EXECUTIVE. THE AWARD IS AT RISK OF FORFEITURE UNTIL IT IS FULLY VESTED. THE CASH DISTRIBUTION AMOUNTS REFLECTED ON THE SECOND LIST OF THE FOLLOWING PAGE WERE AWARDED PREVIOUSLY AND MET THE VESTING REQUIREMENTS DURING THE YEAR IN WHICH THEY WERE PAID OUT. THE FOLLOWING EXECUTIVES PARTICIPATED IN THE PLAN: NAME TITLE AMOUNT KEVIN R. KELLER CHIEF EXECUTIVE OFFICER $100,000 KEVIN YEA CHIEF FINANCIAL OFFICER $58,305 JOSEPH MAUGERI MANAGING DIRECTOR $36,374 LEO RYDZEWSKI GENERAL COUNSEL $79,350 ELIZABETH STEWART CHIEF OPERATING OFFICER $62,700 THOMAS SPORKIN MANAGING DIRECTOR $66,585 THE FOLLOWING EXECUTIVES RECEIVED A 457F CASH DISTRIBUTION: NAME TITLE AMOUNT KEVIN R. KELLER CHIEF EXECUTIVE OFFICER $564,691 ROGER MYERS STRATEGIC ADVISOR $299,412 JOSEPH MAUGERI MANAGING DIRECTOR $56,564 LEO RYDZEWSKI GENERAL COUNSEL $79,189 ELIZABETH STEWART CHIEF OPERATING OFFICER $79,189 MAUREEN THOMPSON VP OF PUBLIC POLICY $216,858