Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: DUES

  total $14,050,450 · related or exempt $14,050,450

• 2b · Program service revenue: CONVENTION

  total $1,614,615 · related or exempt $282,415 · excluded $1,332,200

• 2c · Program service revenue: RESEARCH AND CONSULTANT REIMB.

  total $685,749 · related or exempt $685,749

• 3 · Investment income

  total $245,665 · excluded $245,665

• 7a · Gross sales of assets other than inventory

  securities $2,895,411

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

  securities $2,881,942

• 7c · Gain or loss

  securities $13,469

• 7d · Net gain or loss

  total $13,469 · excluded $13,469

• 11a · Other revenue: OTHER REVENUE

  total $476 · excluded $476

• 11e · Other revenue, total

  $476

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $110,268

• 5 · Compensation of officers, directors and key employees

  total $6,457,913

• 7 · Other salaries and wages

  total $1,604,827

• 8 · Pension plan contributions

  total $216,572

• 9 · Other employee benefits

  total $220,748

• 10 · Payroll taxes

  total $320,571

• 11b · Fees: legal

  total $873,888

• 11c · Fees: accounting

  total $47,820

• 11d · Fees: lobbying

  total $1,461,560

• 11f · Fees: investment management

  total $39,204

• 11g · Fees: other

  total $2,460,799

• 12 · Advertising and promotion

  total $53,232

• 13 · Office expenses

  total $189,417

• 14 · Information technology

  total $205,768

• 16 · Occupancy

  total $608,122

• 17 · Travel

  total $291,240

• 19 · Conferences, conventions and meetings

  total $1,159,608

• 22 · Depreciation, depletion and amortization

  total $171,302

• 23 · Insurance

  total $36,950

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $602,784

• 24b · Other expenses: EXCISE TAX

  total $267,337

• 24c · Other expenses: ADMINISTRATIVE COSTS

  total $35,648

• 24d · Other expenses: OTHER EXPENSES

  total $28,201

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $485,589 · end of year $439,077

• 2 · Savings and temporary cash investments

  beginning of year $80,012 · end of year $80,667

• 4 · Accounts receivable

  beginning of year $179,554 · end of year $121,388

• 9 · Prepaid expenses and deferred charges

  beginning of year $339,723 · end of year $595,852

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

  $2,377,189

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

  $1,616,644

• 10c · Land, buildings and equipment, net

  beginning of year $915,686 · end of year $760,545

• 11 · Investments: publicly traded securities

  beginning of year $7,875,883 · end of year $6,647,604

• 15 · Other assets

  beginning of year $4,154,004 · end of year $3,623,616

• 17 · Accounts payable and accrued expenses

  beginning of year $1,526,063 · end of year $1,636,974

• 19 · Deferred revenue

  beginning of year $864,700 · end of year $685,700

• 23 · Secured mortgages and notes payable

  beginning of year $800,000

• 25 · Other liabilities

  beginning of year $6,769,061 · end of year $6,409,393

• 27 · Net assets without donor restrictions

  beginning of year $4,070,627 · end of year $3,536,682

The filer's explanations (Part III)

PART I, LINE 1A

CHARLES N. KAHN III, PRESIDENT, RECEIVES TRAVEL COMPENSATION FOR HIS SPOUSE, GROSSED-UP PAYMENTS FOR INSURANCE PREMIUMS, AND SOCIAL CLUB DUES. MEMBERSHIP WITH THE SOCIAL CLUB IS USED FOR BUSINESS REASONS AS WELL AS A VENUE FOR MEETINGS. NOTE THAT THIS BENEFIT IS ALSO AVAILABLE TO SEVERAL EMPLOYEES LISTED IN PART VII, SECTION A OF THE FEDERAL FORM 990.

PART I, LINE 4A

JOHN FUNDERBURK RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $110,250.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• FAHS REVIEW INC

  C · PUBLISHING MAGAZINE DIRECTORY · AR · 100% owned · controlled entity