Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT FEE REVENUE

  total $13,684,938 · related or exempt $13,684,938

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $10,278,959 · program services $3,500,205 · management and general $6,269,546 · fundraising $509,208

• 8 · Pension plan contributions

  total $207,707 · program services $143,318 · management and general $61,876 · fundraising $2,513

• 9 · Other employee benefits

  total $1,582,482 · program services $252,959 · management and general $1,215,145 · fundraising $114,378

• 10 · Payroll taxes

  total $670,466 · program services $462,621 · management and general $199,732 · fundraising $8,113

• 11b · Fees: legal

  total $47,639 · management and general $47,639

• 11g · Fees: other

  total $224,642 · program services $20,211 · management and general $204,181 · fundraising $250

• 12 · Advertising and promotion

  total $32,981 · management and general $32,981

• 13 · Office expenses

  total $2,156 · program services $1,290 · management and general $866

• 14 · Information technology

  total $179,742 · management and general $179,742

• 16 · Occupancy

  total $193,309 · program services $66,350 · management and general $125,847 · fundraising $1,112

• 17 · Travel

  total $34,267 · program services $6,150 · management and general $27,371 · fundraising $746

• 19 · Conferences, conventions and meetings

  total $41,318 · program services $2,449 · management and general $37,108 · fundraising $1,761

• 22 · Depreciation, depletion and amortization

  total $36,984 · program services $1,267 · management and general $35,717

• 23 · Insurance

  total $12,548 · management and general $12,548

• 24a · Other expenses: RECRUITMENT EXP

  total $110,042 · management and general $110,042

• 24b · Other expenses: INTERCOMPANY WRITEOFF

  total $90,557 · program services $90,557

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $25,863 · management and general $25,578 · fundraising $285

• 24d · Other expenses: EVENT EXPENSES

  total $2,287 · program services $44 · management and general $2,074 · fundraising $169

• 24e · All other expenses

  total $1,546 · program services $1,394 · management and general $142 · fundraising $10

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $778,065 · end of year $202,769

• 4 · Accounts receivable

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $235,269 · end of year $68,769

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

  $8,555

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

  $2,852

• 10c · Land, buildings and equipment, net

  beginning of year $8,555 · end of year $5,703

• 15 · Other assets

  beginning of year $2,698,930 · end of year $18,388,168

• 17 · Accounts payable and accrued expenses

  beginning of year $157,923 · end of year $1,617,095

• 25 · Other liabilities

  beginning of year $2,249,062 · end of year $15,825,037

• 27 · Net assets without donor restrictions

  beginning of year $1,313,834 · end of year $1,215,574

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $7,703

The filer's explanations (Part III)

PART I, LINE 7

AFTER A REVIEW OF PERFORMANCE METRICS, INDIVIDUALS ARE AWARDED BONUS AMOUNTS WITHIN GIVEN PARAMETERS. THE BONUS AMOUNTS ARE REVIEWED AS PART OF AN INDIVIDUALS' FULL COMPENSATION PACKAGE TO MAKE SURE IT IS REASONABLE. BONUS AMOUNTS FOR MANAGERS AND DIRECTORS ARE APPROVED BY THE PRESIDENT & CEO. OTHER BONUS AMOUNTS ARE APPROVED BY THE BOARD OF DIRECTORS.