Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $65,058

• 1f · All other contributions, gifts and grants

  $2,611,021

• 1g · Noncash contributions included above

  $29,586

• 3 · Investment income

  total $516,493 · excluded $516,493

• 7a · Gross sales of assets other than inventory

  securities $4,140,267

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

  securities $3,729,841

• 7c · Gain or loss

  securities $410,426

• 7d · Net gain or loss

  total $410,426 · related or exempt $410,426

• 8a · Fundraising events: gross income

  $220,987

• 8b · Fundraising events: direct expenses

  $23,734

• 8c · Net income from fundraising events

  total $197,253

• 11a · Other revenue: OTHER REVENUE

  total $1 · unrelated business $1

• 11e · Other revenue, total

  $1

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $507,111 · program services $507,111

• 5 · Compensation of officers, directors and key employees

  total $135,132 · program services $135,132

• 7 · Other salaries and wages

  total $229,100 · program services $105,400 · fundraising $123,700

• 11a · Fees: management

  total $3,000 · management and general $3,000

• 11c · Fees: accounting

  total $7,150 · management and general $7,150

• 11d · Fees: lobbying

  total $75,312 · program services $75,312

• 11f · Fees: investment management

  total $99,248 · management and general $99,248

• 11g · Fees: other

  total $278,048 · program services $265,742 · management and general $9,916 · fundraising $2,390

• 12 · Advertising and promotion

  total $10,016 · program services $10,000 · management and general $16

• 13 · Office expenses

  total $1,778 · management and general $1,778

• 23 · Insurance

  total $2,402 · management and general $2,402

• 24a · Other expenses: PROFESSIONAL DEVELOPMENT

  total $88,709 · program services $88,709

• 24b · Other expenses: CURRICULUM DEVELOPMENT

  total $20,721 · program services $20,721

• 24c · Other expenses: IN KIND GIFTS

  total $13,585 · program services $13,585

• 24d · Other expenses: ALUMNI RELATIONS

  total $10,197 · program services $10,197

• 24e · All other expenses

  total $36,402 · program services $12,928 · management and general $23,474

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $576,571 · end of year $862,042

• 3 · Pledges and grants receivable

  beginning of year $759,617 · end of year $1,820,463

• 4 · Accounts receivable

  beginning of year $28,835 · end of year $40,108

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

  $5,000

• 10c · Land, buildings and equipment, net

  beginning of year $5,000 · end of year $5,000

• 11 · Investments: publicly traded securities

  beginning of year $15,906,399 · end of year $17,806,380

• 15 · Other assets

  end of year $16,000

• 17 · Accounts payable and accrued expenses

  beginning of year $95,278 · end of year $185,455

• 27 · Net assets without donor restrictions

  beginning of year $727,023 · end of year $802,702

• 28 · Net assets with donor restrictions

  beginning of year $16,454,121 · end of year $19,561,836

The filer's explanations (Part III)

SCHEDULE J, PART III

THE FOUNDATION PAYS MEMBERSHIP DUES FOR THE CAPITAL CITY CLUB FOR DR. RONALD RHAMES. THE FOUNDATION ALSO PAYS MEMBERSHIP DUES FOR PROFESSIONAL ORGANIZATIONS FOR THE OFFICE OF PHILANTHROPY.