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Nonprofiteer
← 1792 EXCHANGE INC

Form 990 for tax year 2023

Filed by 1792 EXCHANGE INC.

Totals

Total revenue
$5,800,308
Total expenses
$6,131,273
Contributions and grants received
$5,800,308
Grants paid
$7,190
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$947,659
Total liabilities, end of year
$669,374
Net assets or fund balances, end of year
$278,285
Program services expenses (Part IX)
$5,603,569
Management and general expenses
$412,540
Fundraising expenses
$115,164
Program service expenses (Part III)
$5,603,569

Program services were 91.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $5,800,308

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $7,190 · program services $7,190

  • 5 · Compensation of officers, directors and key employees

    total $286,393 · program services $237,658 · management and general $34,731 · fundraising $14,004

  • 7 · Other salaries and wages

    total $939,596 · program services $779,707 · management and general $113,945 · fundraising $45,944

  • 11b · Fees: legal

    total $28,338 · management and general $28,338

  • 11c · Fees: accounting

    total $42,125 · management and general $42,125

  • 11g · Fees: other

    total $362,318 · program services $310,438 · management and general $26,915 · fundraising $24,965

  • 13 · Office expenses

    total $29,108 · program services $4,960 · management and general $20,904 · fundraising $3,244

  • 14 · Information technology

    total $26,253 · program services $16,566 · management and general $9,250 · fundraising $437

  • 16 · Occupancy

    total $127,750 · management and general $127,750

  • 17 · Travel

    total $126,578 · program services $102,441 · management and general $4,689 · fundraising $19,448

  • 22 · Depreciation, depletion and amortization

    total $20,000 · program services $20,000

  • 23 · Insurance

    total $3,649 · management and general $3,649

  • 24a · Other expenses: Program expenses

    total $2,115,497 · program services $2,108,913 · management and general $244 · fundraising $6,340

  • 24b · Other expenses: Constituent education

    total $2,016,478 · program services $2,015,696 · management and general $0 · fundraising $782

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $557,178 · end of year $310,227

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,433 · end of year $577,432

  • 14 · Intangible assets

    beginning of year $0 · end of year $60,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,361 · end of year $669,374

  • 27 · Net assets without donor restrictions

    beginning of year $529,250 · end of year $278,285

Mission and programs · 2023

Mission

Education of public and Congress on principles of freedom.

Activities or mission (Part I)

1792 Exchange supports freedom of religion, freedom of speech, and free enterprise and other principles of the United States Constitution by educating the public and Congress.

  • Conducts research on free exercise, free speech and free enterprise and impact of corporate behavior on shareholders, employees, customers, and suppliers. Obtains grants and distributes same to organizations whose purposes coincide with the purpose of the 1792 Exchange.

    Expenses $5,603,569 · Grants $7,190

As filed on the 2023 return.

Listed in Part VII

  • Paul Fitzpatrick

    President

    Total calculated
    $286,393
    From this org
    $261,694
    From related orgs
    $0
    Other
    $24,699
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $236,694
    Bonus
    $25,000
    Other
    $0
    Deferred
    $13,530
    Nontaxable benefits
    $11,169
    Filer's total
    $286,393

  • Brian Morgan

    Secretary/Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Stanley Reiff

    Director

    Total calculated
    $0
    Hours/week
    1

  • Katharine Sullivan

    General Counsel and Senior Vice Presidnet

    Total calculated
    $290,482
    From this org
    $269,220
    From related orgs
    $0
    Other
    $21,262
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,220
    Bonus
    $50,000
    Other
    $0
    Deferred
    $14,275
    Nontaxable benefits
    $6,987
    Filer's total
    $290,482

  • Erica Moshtahedian

    Vice President

    Total calculated
    $165,911
    From this org
    $157,203
    From related orgs
    $0
    Other
    $8,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,203
    Bonus
    $14,000
    Other
    $0
    Deferred
    $8,601
    Nontaxable benefits
    $107
    Filer's total
    $165,911

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433199349305593

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