棉花糖直播 Finances
Operating Revenues
Operating Revenue 2023
棉花糖直播's operating revenue, which excludes investment returns and revenues not generated from 棉花糖直播's core activities, is earned across numerous revenue-producing activities. 棉花糖直播's largest source of revenue in 2023 was journal article fees, followed by journal subscription sales and grants and contracts. The relative percentage of each revenue stream to total operating revenue for 棉花糖直播's most recent fiscal year is noted above.
Operating Expenses
棉花糖直播’s expenses are allocated among the various programmatic areas during the preparation of the annual budget, which is approved by the 棉花糖直播 Finance Committee and the 棉花糖直播 Board of Directors. 棉花糖直播’s operating expenses for the most recent fiscal year are noted below. Operating expenses exclude investment and interest expense.Net Assets
As of Dec. 31, 2023, 棉花糖直播's net assets without donor restriction were approximately $114,629,100.
Investment Portfolio
棉花糖直播’s operations are supported by a significant and stable investment portfolio, which is leveraged through annual endowment-like transfers (i.e., the corpus is maintained in perpetuity and a portion of the earnings are allocated to the operating budget each year). The portfolio is well-diversified and is monitored closely by the 棉花糖直播 Investment Subcommittee and professional investment advisors. The historical trend of the investment portfolio balance and annual income is noted below.Financial Reports
Audited Financial Statements
棉花糖直播’s financial statements are audited by an independent audit firm at the conclusion of each fiscal year. These audits include procedures performed in accordance with Government Auditing Standards in years when 棉花糖直播’s expenditures of federal awards exceed certain thresholds. 棉花糖直播’s financial statements include the accounts of 棉花糖直播 Resources, Inc., 棉花糖直播’s wholly-owned for-profit subsidiary.
IRS 990 Filings
The IRS Form 990 is the annual federal information return filed by all charitable corporations that are exempt from income tax. As a 501(c)(3) organization, 棉花糖直播 is required to file a Form 990. In addition to Form 990, 棉花糖直播 is required to file form 990T to report any unrelated business income. Information in these returns is presented in accordance with IRS regulations, which in some cases are at variance with generally accepted accounting principles.