Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $112,500

• 1c · Fundraising events

  $155,576

• 1f · All other contributions, gifts and grants

  $201,372

• 1g · Noncash contributions included above

  $13,070

• 3 · Investment income

  total $580,533 · excluded $580,533

• 7a · Gross sales of assets other than inventory

  securities $3,500,000

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

  securities $2,945,305

• 7c · Gain or loss

  securities $554,695

• 7d · Net gain or loss

  total $554,695 · excluded $554,695

• 8a · Fundraising events: gross income

  $13,100

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

  $155,576

• 8b · Fundraising events: direct expenses

  $23,827

• 8c · Net income from fundraising events

  total -$10,727 · excluded -$10,727

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $114,966 · program services $7,162 · management and general $14,323 · fundraising $93,481

• 9 · Other employee benefits

  total $15,513 · program services $966 · management and general $1,933 · fundraising $12,614

• 10 · Payroll taxes

  total $11,244 · program services $700 · management and general $1,401 · fundraising $9,143

• 11c · Fees: accounting

  total $22,600 · management and general $22,600

• 11e · Fees: professional fundraising services

  total $3,893 · fundraising $3,893

• 11f · Fees: investment management

  total $76,839 · management and general $76,839

• 11g · Fees: other

  total $1,220 · management and general $1,000 · fundraising $220

• 12 · Advertising and promotion

  total $6,766 · fundraising $6,766

• 13 · Office expenses

  total $7,606 · management and general $2,129 · fundraising $5,477

• 14 · Information technology

  total $2,237 · program services $95 · management and general $190 · fundraising $1,952

• 17 · Travel

  total $591 · program services $25 · management and general $51 · fundraising $515

• 19 · Conferences, conventions and meetings

  total $7,397 · management and general $7,397

• 23 · Insurance

  total $7,507 · management and general $7,507

• 24a · Other expenses: PLANNED GIVING

  total $18,196 · fundraising $18,196

• 24b · Other expenses: DONOR CULTIVATION

  total $2,489 · fundraising $2,489

• 24c · Other expenses: RECRUITING

  total $1,620 · management and general $1,620

• 24d · Other expenses: PLEDGE WRITE OFF

  total $100 · fundraising $100

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $422,692 · end of year $31,329

• 2 · Savings and temporary cash investments

  end of year $256,658

• 3 · Pledges and grants receivable

  beginning of year $283,272 · end of year $163,237

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,400 · end of year $2,934

• 11 · Investments: publicly traded securities

  beginning of year $18,717,732 · end of year $22,169,801

• 15 · Other assets

  beginning of year $0 · end of year $11,716

• 17 · Accounts payable and accrued expenses

  beginning of year $107,373 · end of year $20,382

• 19 · Deferred revenue

  beginning of year $0 · end of year $2,500

• 27 · Net assets without donor restrictions

  beginning of year $7,476,706 · end of year $8,424,006

• 28 · Net assets with donor restrictions

  beginning of year $11,843,017 · end of year $14,188,787

The filer's explanations (Part III)

PART II

COMPENSATION REPORTED FOR CAITLIN DAVIS, EXECUTIVE DIRECTOR, LEGAL FOUNDATION OF WASHINGTON, IS FROM AN UNRELATED ORGANIZATION, LEGAL FOUNDATION OF WASHINGTON.