Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,879,040

• 1f · All other contributions, gifts and grants

  $2,160,682

• 1g · Noncash contributions included above

  $56,638

• 3 · Investment income

  total $684,213 · excluded $684,213

• 7a · Gross sales of assets other than inventory

  securities $3,462,339

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

  securities $3,368,450

• 7c · Gain or loss

  securities $93,889

• 7d · Net gain or loss

  total $93,889 · excluded $93,889

• 8a · Fundraising events: gross income

  $51,150

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

  $1,879,040

• 8b · Fundraising events: direct expenses

  $471,706

• 8c · Net income from fundraising events

  total -$420,556 · excluded -$420,556

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $3,725 · excluded $3,725

• 11e · Other revenue, total

  $3,725

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $521,476 · management and general $265,420 · fundraising $256,056

• 7 · Other salaries and wages

  total $482,219 · management and general $84,672 · fundraising $397,547

• 8 · Pension plan contributions

  total $46,508 · management and general $8,142 · fundraising $38,366

• 9 · Other employee benefits

  total $66,202 · management and general $15,636 · fundraising $50,566

• 10 · Payroll taxes

  total $67,356 · management and general $24,227 · fundraising $43,129

• 11b · Fees: legal

  total $1,006 · management and general $1,006

• 11c · Fees: accounting

  total $59,168 · management and general $59,168

• 11f · Fees: investment management

  total $7,677 · management and general $7,677

• 11g · Fees: other

  total $314,109 · program services $203,150 · management and general $108,604 · fundraising $2,355

• 12 · Advertising and promotion

  total $159,361 · program services $55,527 · fundraising $103,834

• 13 · Office expenses

  total $147,703 · program services $120,920 · management and general $6,883 · fundraising $19,900

• 14 · Information technology

  total $116,732 · program services $54,777 · management and general $21,537 · fundraising $40,418

• 16 · Occupancy

  total $102,704 · management and general $37,179 · fundraising $65,525

• 17 · Travel

  total $62,031 · program services $32,325 · management and general $4,987 · fundraising $24,719

• 19 · Conferences, conventions and meetings

  total $7,980 · program services $1,291 · management and general $1,842 · fundraising $4,847

• 23 · Insurance

  total $11,076 · management and general $7,891 · fundraising $3,185

• 24a · Other expenses: PROGRAM MATERIALS

  total $707,102 · program services $707,102

• 24b · Other expenses: GRANT FUNDED POSITIONS

  total $576,978 · program services $576,978

• 24c · Other expenses: HONORARIA

  total $335,574 · program services $335,574

• 24d · Other expenses: BOOKS, SUBSCRIPTIONS AN

  total $171,622 · program services $171,270 · fundraising $352

• 24e · All other expenses

  total $90,039 · program services $27,634 · management and general $17,684 · fundraising $44,721

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,150,449 · end of year $4,238,711

• 2 · Savings and temporary cash investments

  beginning of year $93,024 · end of year $155,358

• 3 · Pledges and grants receivable

  beginning of year $444,070 · end of year $980,395

• 4 · Accounts receivable

  beginning of year $130,283 · end of year $144,960

• 9 · Prepaid expenses and deferred charges

  beginning of year $37,890 · end of year $57,399

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

  $50,148

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

  $50,148

• 10c · Land, buildings and equipment, net

  beginning of year $0 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $33,305,372 · end of year $27,963,817

• 12 · Investments: other securities

  beginning of year $685 · end of year $0

• 15 · Other assets

  beginning of year $0 · end of year $206,922

• 17 · Accounts payable and accrued expenses

  beginning of year $190,238 · end of year $230,140

• 25 · Other liabilities

  beginning of year $0 · end of year $209,935

• 27 · Net assets without donor restrictions

  beginning of year $22,559,722 · end of year $19,371,641

• 28 · Net assets with donor restrictions

  beginning of year $16,411,813 · end of year $13,935,846

The filer's explanations (Part III)

PART I, LINE 1A

THE BOARD APPROVED PAYMENT OF SOHO CLUB MEMBERSHIP FOR THE FOUNDATION'S PRESIDENT & CEO, BRENDA LANGSTRAAT. SINCE THE MAJORITY OF CLUB USE IS FOR BUSINESS PURPOSES, MONTHLY MEMBERSHIP AND RELATED ASSESSMENTS WILL BE PAID IN FULL BY THE FOUNDATION AND ARE NOT TREATED AS TAXABLE COMPENSATION. BRENDA IS RESPONSIBLE FOR PAYING ALL NON-BUSINESS RELATED FOOD AND OTHER CHARGES.

PART I, LINE 7

THE CPLF BOARD OF DIRECTORS, AT THE RECOMMENDATION OF THE FINANCE COMMITTEE, APPROVES THE ANNUAL BUDGET, INCLUDING SALARY AND BENEFITS. THE SALARY OF THE PRESIDENT & CEO IS DETERMINED BY THE BOARD EXECUTIVE COMMITTEE. BONUS CONSIDERATION IS EXECUTIVE COMMITTEE DRIVEN, WITH INPUT FROM THE CEO AND COO. BONUSES MAY BE CONSIDERED DUE TO EXTRAORDINARY STAFF TEAM PERFORMANCE AND/OR CIRCUMSTANCES WHEN THE TEAM HAS ADVANCED THE ORGANIZATION DURING A CHALLENGING TIME.