Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | 7,674,789 | 22,023,808 | 13,250,991 | 9,477,223 | 8,696,342 | 61,123,153 |
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf .... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | 7,674,789 | 22,023,808 | 13,250,991 | 9,477,223 | 8,696,342 | 61,123,153 |
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | 31,320,094 | |||||
| 6 | Public support. Subtract line 5 from line 4. | 29,803,059 | |||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | 7,674,789 | 22,023,808 | 13,250,991 | 9,477,223 | 8,696,342 | 61,123,153 |
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | 931 | 440 | 67,780 | 395,824 | 148,097 | 613,072 |
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | 67,394 | 71,167 | 182,325 | 168,800 | 101,750 | 591,436 |
| 11 | Total support. Add lines 7 through 10 | 62,327,661 | |||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | ||||||
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | ||||||
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | ||||||
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | ||||||
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | ||||||
| c | Add lines 7a and 7b.. | ||||||
| 8 | Public support. (Subtract line 7c from line 6.) | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | ||||||
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | ||||||
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | ||||||
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | ||||||
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
|
2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
|---|
| Return Reference | Explanation |
|---|---|
| SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | INCOME FROM FUNDRAISING - 2020 AMOUNT: $ 30,000. 2021 AMOUNT: $ 48,000. 2022 AMOUNT: $ 167,325. 2023 AMOUNT: $ 168,800. 2024 AMOUNT: $ 101,750. OTHER INCOME - 2020 AMOUNT: $ 18,526. FELLOWSHIP INCOME - 2020 AMOUNT: $ 18,868. 2021 AMOUNT: $ 23,167. 2022 AMOUNT: $ 15,000. |
| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
|---|---|
| FORM 990, PART III, LINE 1 | ENDEAVOR GLOBAL, INC. ("ENDEAVOR"), A NOT-FOR-PROFIT ORGANIZATION IS THE LEADING GLOBAL COMMUNITY OF, BY, AND FOR HIGH-IMPACT ENTREPRENEURS THOSE WHO DREAM BIGGER, SCALE FASTER, AND PAY IT FORWARD. DRIVEN BY OUR BELIEF THAT HIGH-IMPACT ENTREPRENEURS TRANSFORM ECONOMIES, ENDEAVOR IS ON A MISSION TO BUILD THRIVING ENTREPRENEURIAL ECOSYSTEMS IN EMERGING AND UNDERSERVED MARKETS AROUND THE WORLD. WITH THE SUPPORT OF AN UNRIVALED NETWORK OF SEASONED BUSINESS LEADERS, ENDEAVOR WORKS TO CATALYZE LONG-TERM ECONOMIC GROWTH BY SELECTING, MENTORING, AND ACCELERATING THE BEST HIGH IMPACT ENTREPRENEURS WORLDWIDE. ENDEAVOR SUPPORTS HIGH-IMPACT ENTREPRENEURS SO THAT THEY CAN BUILD THRIVING COMPANIES THAT EMPLOY THOUSANDS OF PEOPLE, GENERATE BILLIONS IN WAGES, AND INSPIRE COUNTLESS OTHERS AS ROLE MODELS. TOGETHER, THESE ENTREPRENEURS HOLD THE KEY TO SUSTAINED ECONOMIC GROWTH IN EVERY PART OF THE WORLD. THROUGH A RIGOROUS, MULTI-STEP SELECTION PROCESS, ENDEAVOR ANNUALLY SCREENS THOUSANDS OF ENTREPRENEURS FROM AROUND THE WORLD TO IDENTIFY THOSE WITH THE BEST TALENT AND POTENTIAL FOR IMPACT. ENDEAVOR SUPPORTS OVER 2,600 HIGH-IMPACT ENTREPRENEURS TODAY ACROSS 45 MARKETS AND COUNTING. THIS YEAR WE CONTINUED OUR ACTIVE EXPANSION, SEARCHING THE WORLD TO IDENTIFY MARKETS WITH A GROWING PIPELINE OF HIGH-IMPACT ENTREPRENEURS AND A VIBRANT STARTUP SCENE LACKING IN SCALE-UP SUPPORT. ENDEAVOR GLOBAL IS THE HEADQUARTERS OF AN ORGANIZATION WITH AFFILIATES IN ARGENTINA, ATLANTA, BRAZIL, BULGARIA, CANADA, CHILE, COLOMBIA, COLORADO, DETROIT, ECUADOR, EGYPT, GREECE, INDONESIA, IRELAND, ITALY, JAPAN, JORDAN, KENYA, LEBANON, LOUISVILLE, MALAYSIA, MEXICO, MIAMI, MOROCCO, NW ARKANSAS, NIGERIA, PAKISTAN, PERU, THE PHILIPPINES, POLAND, PORTUGAL, PUERTO RICO, ROMANIA, SAUDI ARABIA, SOUTH AFRICA, SPAIN, TUNISIA, TURKEY, UAE, UKRAINE, URUGUAY, WESTERN NEW YORK, AND VIETNAM. ENDEAVOR TRANSFORMS EMERGING MARKETS BY ESTABLISHING HIGH-IMPACT ENTREPRENEURSHIP AS THE LEADING FORCE FOR SUSTAINABLE ECONOMIC DEVELOPMENT. |
| FORM 990, PART III, LINE 4A | PARTNERSHIPS AND NETWORKS THE PARTNERSHIPS AND NETWORKS TEAM IS FOCUSED ON BUILDING A WORLD-CLASS COMMUNITY OF CHIEF EXECUTIVE OFFICERS, BUSINESS LEADERS, INVESTORS, AND ACADEMIA TO MENTOR AND SUPPORT CATALYST'S PORTFOLIO OF HIGH-IMPACT ENTREPRENEURS. CURRENT ACTIVITIES INCLUDE: ENGAGING A U.S.-BASED MENTOR NETWORK; LEADING THE CATALYST INVESTOR NETWORK OF LEADING VENTURE CAPITAL FIRMS; BUILDING OUT A CORPORATE NETWORK OF TOP GLOBAL COMPANIES THAT ARE INTERESTED IN EMERGING AND GROWTH MARKETS; AND INVEST WITH THE GOAL TO GENERATE LONG-TERM COMPETITIVE FINANCIAL RETURNS AND POSITIVE SOCIETAL IMPACT BY PROVIDING SUPPORT TO OUR NETWORK IN A SUSTAINABLE MANNER. ENDEAVOR PROVIDES OPPORTUNITIES FOR BOTH STAFF MEMBERS AND KEY ENDEAVOR ENTREPRENEURS TO DISCUSS WITH WORLD-CLASS PHILANTHROPISTS AND SOCIALLY RESPONSIBLE CORPORATE LEADERS WAYS TO GIVE BACK TO THE COMMUNITY ON A PERSONAL AND PROFESSIONAL LEVEL. ENDEAVOR ENCOURAGES ALL OF ITS DONORS NOT JUST TO CONTRIBUTE FINANCIALLY, BUT ALSO TO DONATE THEIR TIME TO MENTORING ENTREPRENEURS AND TO PUSHING FORWARD THE CAUSE OF ECONOMIC DEVELOPMENT IN EMERGING MARKETS. ENDEAVOR ENTREPRENEURS ARE ALSO SPEARHEADING THE LAUNCH OF AFFILIATE-OFFICE ENDOWMENTS AND/OR LOCAL-COUNTRY ENTREPRENEUR GIVE-BACK PROGRAMS TO HELP BUILD SELF-SUSTAINING ENDEAVOR OPERATIONS FOR FUTURE GENERATIONS OF ENTREPRENEURS. |
| FORM 990, PART III, LINE 4B | ENTREPRENEUR SELECTION AND GROWTH (ESG): WORKING WITH A NETWORK OF GLOBAL BUSINESS LEADERS, ENDEAVOR IDENTIFIES AND SCREENS THOUSANDS OF ENTREPRENEUR CANDIDATES ANNUALLY WHO RUN HIGH-GROWTH BUSINESSES. SEVERAL TIMES EACH YEAR, A PANEL OF EXPERIENCED BUSINESS PEOPLE GATHER TO SELECT A NEW CLASS OF ENDEAVOR ENTREPRENEURS - THOSE INDIVIDUALS WHO DEMONSTRATE FULFILLMENT OF A SPECIFIC SET OF VALUES AND CONDITIONS THAT MATCH ENDEAVOR'S EXPECTATIONS AND GOALS AT AN INTERNATIONAL SELECTION PANEL. SELECTED ENDEAVOR ENTRERENEURS RECEIVE CUSTOMIZED SERVICES THAT MEET THEIR SPECIFIC CHALLENGES. ENDEAVOR'S SERVICES INCLUDE CONNECTING ENDEAVOR ENTREPRENEURS WITH LOCAL AND GLOBAL MENTORS, MANAGERIAL TALENT FROM BLUE-CHIP COMPANIES AND TOP BUSINESS SCHOOLS, PROVIDING ACCESS TO DIFFICULT-TO-PENETRATE NETWORKS AND EDUCATIONAL PROGRAMMING FOR COMPANIES THAT SEEK VENTURE CAPITAL/PRIVATE EQUITY AND/OR COMPANIES IN LATER GROWTH STAGES. AT THE SAME TIME, ENDEAVOR HAS BUILT A PEER NETWORK OF ENTREPRENEURS WHO PROVIDE A STRONG, SUPPORTIVE COMMUNITY TO FACE ANY CHALLENGE. UPON THE ISSUE OF THIS RETURN, ENDEAVOR SUPPORTED 2,673 ENTREPRENEURS FROM OVER 1,632 COMPANIES ACROSS 45 MARKETS AROUND THE WORLD. |
| FORM 990, PART III, LINE 4C | ENDEAVOR COMMUNITY ENDEAVOR COMMUNITY'S PURPOSE IS TO ALLOW EVERY ENTREPRENEUR IN THE NETWORK TO FULFILL THEIR FULL POTENTIAL IN CREATING JOBS AND DRIVING INNOVATION IN THEIR MARKET. TO SUPPORT THIS, ENDEAVOR DELIVERS AN ARRAY OF SERVICES; WE PUT THEM IN FRONT OF THE BEST MENTORS IN THE WORLD; CURATE COMMUNITIES WHERE THEY CAN, WITH COMPLETE VULNERABILITY, DISCUSS THEIR ANXIETIES AND ASPIRATIONS; OFFER ENTREPRENEURS EXCLUSIVE LEARNING PROGRAMS AND A LOT MORE. TO MAKE THE MOST OF EVERY CONNECTION AND TO CONTINUOUSLY PROVIDE RELEVANT SUPPORTIVE SERVICES TO THE NETWORK, ENDEAVOR GATHERS DATA THOUGH ITS PROPRIETARY INTRANET AND, WHERE APPROPRIATE, THROUGH ITS WEBSITE, HTTP://WWW.ENDEAVOR.ORG. ENDEAVOR CODIFIES THE COLLECTED INFORMATION AND TRANSFERS THE KNOWLEDGE, BEST PRACTICES, AND LESSONS LEARNED TO ITS 42 MARKETS. ENDEAVOR IS IN THE PROCESS OF DEVELOPING A SOCIAL NETWORKING SITE THAT WILL CONNECT ENTREPRENEURS, BOARD MEMBERS, STAFF, VOLUNTEERS AND NETWORK MEMBERS AROUND THE WORLD. |
| FORM 990, PART VI, SECTION B, LINE 11B | FORM 990 REVIEW PROCESS THE FORM 990 IS PREPARED BY AN INTERNATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT. THE FINANCIAL INFORMATION USED TO PREPARE THE FORM 990 HAS BEEN INDEPENDENTLY AUDITED, AND THE AUDITED FINANCIAL STATEMENTS ARE REVIEWED BY THE BOARD'S FINANCE COMMITTEE. FURTHER, THE 990 DRAFT FILING IS REVIEWED BY THE CFO FOR ACCURACY PRIOR TO SUBMISSION. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY MONITORING & ENFORCEMENT ANNUALLY, ENDEAVOR REQUIRES THAT ALL BOARD MEMBERS, OFFICERS AND KEY EMPLOYEES RECEIVE, READ/UNDERSTAND AND SIGN A CONFLICT OF INTEREST POLICY STATEMENT IN WHICH ANY/ALL POTENTIAL CONFLICTS ARE NOTED. FURTHER, ALL INDIVIDUALS AFFIRM THAT HE/SHE UNDERSTANDS ENDEAVOR'S CHARITABLE PURPOSE AND THAT DISCLOSURE IS AN IMPERATIVE CONDITION UNDER WHICH ONE MAY SERVE ON THE BOARD OF DIRECTORS OR AS AN OFFICER OR KEY EMPLOYEE. THE SIGNED CONFLICT OF INTEREST STATEMENTS ARE REVIEWED BY THE CFO AND DISCUSSED WITH THE CEO. ANY CONFLICTS OR POTENTIAL CONFLICTS ARE BROUGHT TO THE ATTENTION OF THE BOARD OF DIRECTORS AND DEALT WITH APPROPRIATELY. IF A CONFLICT ARISES, THE INDIVIDUAL AFFECTED WILL RECUSE HIMSELF/HERSELF FROM PARTICIPATING IN THE DELIBERATION AND DECISION MAKING RELATED TO THE TRANSACTION. ENDEAVOR ALSO ENGAGES IN PERIODIC REVIEWS TO ENSURE THAT COMPENSATION/BENEFITS ARE REASONABLE AND THAT PARTNERSHIPS, JOINT-VENTURES, CONTRACTS AND OTHER ARRANGEMENTS WITH THIRD-PARTY ORGANIZATIONS, FIRMS OR ENTITIES CONFORM TO ENDEAVOR'S WRITTEN POLICIES, INCLUDING THE CONFLICT OF INTEREST POLICY. ENDEAVOR USES OUTSIDE, THIRD-PARTY ADVISORS, EXPERTS AND OTHER PROFESSIONALS. THESE THIRD-PARTIES INCLUDE BUT ARE NOT LIMITED TO, HR CONSULTANTS, EXECUTIVE RECRUITING FIRMS, LAW FIRMS, ETC. |
| FORM 990, PART VI, SECTION B, LINE 15 | PROCESS FOR DETERMINING COMPENSATION SALARIES ARE DECIDED UPON BY THE COMPENSATION COMMITTEE, MARKET DATA AND AN INDEPENDENT, THIRD-PARTY HR FIRM, WHICH PROVIDES COMPREHENSIVE MARKET DATA AND COMPENSATION ANALYSIS. THE COMPENSATION STUDY COVERS ALL EXECUTIVE TEAM SALARIES. THE LAST STUDY WAS CONDUCTED IN 2024. IN THE INTERIM YEARS, SALARY INCREASES ARE DISCUSSED WITH THE HR FIRM TO ENSURE THAT THEY ARE REASONABLE AND IN LINE WITH CURRENT COMPENSATION RANGES. THE FINANCE COMMITTEE AND ULTIMATELY THE ENTIRE BOARD OF DIRECTORS, RATIFIES THE ANNUAL BUDGET, WHICH INCLUDES DEPARTMENT AND AGGREGATE PERSONNEL LINES. |
| FORM 990, PART VI, SECTION C, LINE 19 | HOW DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC ENDEAVOR'S FORM 1023 DOCUMENTS IS AVAILABLE VIA THE ORGANIZATION'S WEBSITE. AUDITED FINANCIAL STATEMENTS ARE MADE AVAILABLE IN SUMMARY FORM IN ENDEAVOR'S ANNUAL REPORT. THESE DOCUMENTS ARE ALSO MADE AVAILABLE ON PUBLIC WEBSITES (EG, GUIDESTAR) AND UPON REQUEST, ENDEAVOR WILL MAKE COPIES OF ALL THESE, THE AUDITED FINANCIAL STATEMENTS, THE FORM 990, GOVERNING DOCUMENTS AND THE CONFLICT OF INTEREST POLICY AVAILABLE TO THE GENERAL PUBLIC FOR THE SAME PERIOD OF DISCLOSURE AS SET FORTH IN SECTION 6104(D). |
| FORM 990, PART XI, LINE 9: | WRITE-OFF OF UNCOLLECTIBLE PLEDGES -418,500. WRITE-OFF ON DISPOSAL OF ASSETS -813. ADJUSTMENT TO NET ASSETS DUE TO CHANGE IN ACCOUNTING METHOD FROM TAX BASIS TO ACCRUAL BASIS 716,411. |
| FORM 990, PART XII, LINE 1: | THE FORM 990 IS NOW REPORTED ON THE ACCRUAL BASIS OF ACCOUNTING. AS OF JANUARY 1, 2024, THE ORGANIZATION CHANGED ITS POLICY FOR PREPARING ITS CONSOLIDATED FINANCIAL STATEMENTS TO BE BASED ON ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA ("U.S. GAAP") IN ORDER TO COMPLY WITH EXTERNAL REPORTING REQUIREMENTS. PRIOR TO 2024, THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS WERE PREPARED IN ACCORDANCE WITH THE BASIS OF ACCOUNTING THAT IT USES TO FILE ITS FEDERAL INCOME TAX RETURN. THE CHANGE IN BASIS OF ACCOUNTING REQUIRED RETROSPECTIVE APPLICATION WHICH RESULTED IN A CUMULATIVE EFFECT ADJUSTMENT OF $716,411 TO INCREASE BEGINNING OF YEAR NET ASSETS AS REPORTED ON THE ACCOMPANYING CONSOLIDATED STATEMENT OF ACTIVITIES. |
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