Form 990 for tax year 2025

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT FEES

  total $7,004,604 · related or exempt $7,004,604

• 3 · Investment income

  total $21,066 · excluded $21,066

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,725,089 · management and general $1,725,089

• 7 · Other salaries and wages

  total $1,913,270 · program services $1,457,629 · management and general $455,641

• 8 · Pension plan contributions

  total $64,911 · program services $40,501 · management and general $24,410

• 9 · Other employee benefits

  total $198,233 · program services $136,751 · management and general $61,482

• 10 · Payroll taxes

  total $323,630 · program services $112,544 · management and general $211,086

• 11b · Fees: legal

  total $12,122 · management and general $12,122

• 11c · Fees: accounting

  total $45,355 · management and general $45,355

• 11d · Fees: lobbying

  total $9,505 · management and general $9,505

• 11g · Fees: other

  total $414,761 · program services $144,654 · management and general $270,107

• 12 · Advertising and promotion

  total $1,012,067 · management and general $1,012,067

• 13 · Office expenses

  total $195,790 · program services $39,928 · management and general $155,862

• 16 · Occupancy

  total $184,540 · management and general $184,540

• 17 · Travel

  total $12,733 · program services $1,075 · management and general $11,658

• 22 · Depreciation, depletion and amortization

  total $18,966 · program services $15,173 · management and general $3,793

• 23 · Insurance

  total $5,260 · management and general $5,260

• 24a · Other expenses: INCENTIVE PLANS

  total $873,869 · management and general $873,869

• 24b · Other expenses: BOOKS/DUES/SUB.

  total $13,925 · management and general $13,925

• 24c · Other expenses: LICENSES AND CERTIFICAT

  total $1,641 · management and general $1,641

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $427,934 · end of year $904,323

• 9 · Prepaid expenses and deferred charges

  beginning of year $256,633 · end of year $272,494

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

  $372,964

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

  $328,012

• 10c · Land, buildings and equipment, net

  beginning of year $53,525 · end of year $44,952

• 12 · Investments: other securities

  beginning of year $525,603 · end of year $554,493

• 15 · Other assets

  beginning of year $19,849,235 · end of year $21,617,790

• 17 · Accounts payable and accrued expenses

  beginning of year $2,794,591 · end of year $2,135,781

• 25 · Other liabilities

  beginning of year $24,960,144 · end of year $27,900,073

• 27 · Net assets without donor restrictions

  beginning of year -$6,641,805 · end of year -$6,641,802

The filer's explanations (Part III)

PART I, LINE 7

THE ORGANIZATION PROVIDES BONUSES TO KEY EXECUTIVES ON A DISCRETIONARY BASIS. THE BOARD OF DIRECTORS ESTABLISHES AND APPROVES A BONUS POOL WHICH REPRESENTS THE MOST THE EMPLOYEES MAY RECEIVE BASED UPON A PERCENTAGE OF THEIR BASE PAY AND SETS THE AWARD FOR THE PRESIDENT/CEO. THE PRESIDENT IS THEN TASKED WITH CONFERRING BONUSES ON OTHER ELIGIBLE EMPLOYEES BASED UPON THE MAXIMUM PERCENTAGE THAT HAS ALREADY BEEN DETERMINED BY THE BOARD.