Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $13,909,316

• 1f · All other contributions, gifts and grants

  $60,911,567

• 1g · Noncash contributions included above

  $4,267,702

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $4,240,823 · related or exempt $0 · unrelated business $35,229 · excluded $4,205,594

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $4,334,833

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

  securities $4,347,606

• 7c · Gain or loss

  securities -$12,773 · other assets $0

• 7d · Net gain or loss

  total -$12,773 · excluded -$12,773

• 8a · Fundraising events: gross income

  $3,191,349

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

  $13,909,316

• 8b · Fundraising events: direct expenses

  $3,310,123

• 8c · Net income from fundraising events

  total -$118,774 · unrelated business $0 · excluded -$118,774

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $68,185 · related or exempt $0 · unrelated business $0 · excluded $68,185

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $68,185

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $514,000 · program services $514,000

• 3 · Grants to foreign organizations and individuals

  total $25,708,619 · program services $25,708,619

• 5 · Compensation of officers, directors and key employees

  total $1,801,521 · program services $370,899 · management and general $865,215 · fundraising $565,407

• 7 · Other salaries and wages

  total $4,872,548 · program services $0 · management and general $1,874,716 · fundraising $2,997,832

• 8 · Pension plan contributions

  total $57,918 · program services $0 · management and general $20,996 · fundraising $36,922

• 9 · Other employee benefits

  total $419,571 · program services $0 · management and general $148,888 · fundraising $270,683

• 10 · Payroll taxes

  total $422,950 · program services $21,185 · management and general $162,060 · fundraising $239,705

• 11b · Fees: legal

  total $49,423 · program services $0 · management and general $49,423 · fundraising $0

• 11c · Fees: accounting

  total $60,768 · program services $0 · management and general $60,768 · fundraising $0

• 11d · Fees: lobbying

  total $180,000 · program services $0 · management and general $180,000 · fundraising $0

• 11e · Fees: professional fundraising services

  total $486,203 · fundraising $486,203

• 11f · Fees: investment management

  total $80,367 · program services $0 · management and general $80,367 · fundraising $0

• 11g · Fees: other

  total $961,461 · program services $68,131 · management and general $473,121 · fundraising $420,209

• 12 · Advertising and promotion

  total $668,443 · program services $0 · management and general $0 · fundraising $668,443

• 13 · Office expenses

  total $197,189 · program services $0 · management and general $197,189 · fundraising $0

• 16 · Occupancy

  total $300,191 · program services $0 · management and general $162,903 · fundraising $137,288

• 17 · Travel

  total $832,523 · program services $0 · management and general $122,666 · fundraising $709,857

• 22 · Depreciation, depletion and amortization

  total $5,286 · program services $0 · management and general $5,286 · fundraising $0

• 23 · Insurance

  total $42,243 · program services $0 · management and general $42,243 · fundraising $0

• 24a · Other expenses: UH VOLUNTEER ACTIVITIES

  total $3,481,064 · program services $3,481,064 · management and general $0 · fundraising $0

• 24b · Other expenses: BANK & CREDIT CARD FEES

  total $365,179 · program services $0 · management and general $365,179 · fundraising $0

• 24c · Other expenses: BAD DEBT

  total $293,491 · program services $0 · management and general $293,491 · fundraising $0

• 24d · Other expenses: TELEPHONE & INTERNET

  total $106,488 · program services $0 · management and general $57,500 · fundraising $48,988

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,860,799 · end of year $1,618,276

• 2 · Savings and temporary cash investments

  beginning of year $73,704,783 · end of year $66,256,614

• 3 · Pledges and grants receivable

  beginning of year $12,795,791 · end of year $8,845,957

• 4 · Accounts receivable

  beginning of year $296,509 · end of year $125,486

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $163,169 · end of year $150,318

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

  $49,225

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

  $42,414

• 10c · Land, buildings and equipment, net

  beginning of year $12,097 · end of year $6,811

• 11 · Investments: publicly traded securities

  beginning of year $3,277,304 · end of year $10,707,039

• 12 · Investments: other securities

  beginning of year $2,007,467 · end of year $2,442,368

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $711,457 · end of year $494,121

• 17 · Accounts payable and accrued expenses

  beginning of year $2,315,996 · end of year $2,504,096

• 18 · Grants payable

  beginning of year $47,000,000 · end of year $3,000,000

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $472,142 · end of year $248,880

• 27 · Net assets without donor restrictions

  beginning of year $37,498,405 · end of year $62,751,267

• 28 · Net assets with donor restrictions

  beginning of year $9,542,833 · end of year $22,142,747

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel

THE ORGANIZATION WILL COVER UPGRADED AIRFARE FOR EXECUTIVE LEVEL EMPLOYEES, ESPECIALLY FOR LONG-DISTANCE FLIGHTS, WHICH REQUIRE THE EMPLOYEE TO WORK IMMEDIATELY UPON LANDING.

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

BRADLEY YELLEN RECIEVED $61,793 IN PARSONAGE DURING 2024.

Schedule J, Part I, Line 4a Severance or change-of-control payment

Alison Brooks received severance payments in 2024 totaling $20,769.24.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

The Organization has established a deferred compensation arrangement for its President under a nonqualified deferred compensation plan. Under the terms of the arrangement, the Organization has set aside funds to be used for future compensation to the President upon retirement, termination, or other qualifying events. During the year ended December 31, 2024, $23,910 was disbursed for approved purposes and is included in other reportable compensation in Schedule J, Part II, column B(iii).

Schedule J, Part I, Line 7 Non-fixed payments

Bonuses paid during the year ended December 31, 2024 were based upon performance.

Schedule J, Part I, Line 3

THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT APPROVES SENIOR-LEVEL AND EXECUTIVE-LEVEL EMPLOYEE WAGES.