Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $402,893

• 1f · All other contributions, gifts and grants

  $1,983,713

• 1g · Noncash contributions included above

  $32,341

• 3 · Investment income

  total $269,367 · excluded $269,367

• 8a · Fundraising events: gross income

  $85,170

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

  $402,893

• 8b · Fundraising events: direct expenses

  $146,876

• 8c · Net income from fundraising events

  total -$61,706 · excluded -$61,706

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $446,382 · program services $446,382

• 2 · Grants to domestic individuals

  total $193,560 · program services $193,560

• 5 · Compensation of officers, directors and key employees

  total $205,091 · program services $20,509 · management and general $143,564 · fundraising $41,018

• 7 · Other salaries and wages

  total $164,000 · program services $118,296 · management and general $19,976 · fundraising $25,728

• 8 · Pension plan contributions

  total $24,371 · program services $16,589 · management and general $3,890 · fundraising $3,892

• 9 · Other employee benefits

  total $27,064 · program services $15,106 · management and general $7,406 · fundraising $4,552

• 10 · Payroll taxes

  total $23,819 · program services $9,657 · management and general $9,903 · fundraising $4,259

• 11c · Fees: accounting

  total $69,500 · management and general $69,500

• 11g · Fees: other

  total $80,441 · program services $41,395 · management and general $8,000 · fundraising $31,046

• 12 · Advertising and promotion

  total $29,311 · program services $19,600 · management and general $2,428 · fundraising $7,283

• 13 · Office expenses

  total $64,011 · management and general $31,029 · fundraising $32,982

• 14 · Information technology

  total $49,942 · program services $49,942

• 17 · Travel

  total $1,295 · management and general $1,295

• 19 · Conferences, conventions and meetings

  total $7,950 · management and general $7,950

• 23 · Insurance

  total $4,035 · management and general $4,035

• 24a · Other expenses: Student enrichment

  total $1,445,232 · program services $1,445,232

• 24b · Other expenses: Supplies & materials

  total $589,233 · program services $589,233

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $487,520 · end of year $499,565

• 2 · Savings and temporary cash investments

  beginning of year $5,164,427 · end of year $5,341,650

• 3 · Pledges and grants receivable

  beginning of year $2,488,056 · end of year $939,100

• 9 · Prepaid expenses and deferred charges

  beginning of year $73,738 · end of year $582,132

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

  $14,750

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

  $14,750

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $160,712 · end of year $32,149

• 19 · Deferred revenue

  end of year $3,971

• 27 · Net assets without donor restrictions

  beginning of year $789,884 · end of year $895,009

• 28 · Net assets with donor restrictions

  beginning of year $7,263,145 · end of year $6,431,318

The filer's explanations (Part III)

Part II, Officers Compensation

Bonuses are determined based on performance vs. budgetand current market employment conditions.The Finance & Operations committee approves all bonuses and salary increases.