I only see the 2021 form on the website. It is as clear as an IRS form can be (insert eye roll). If I spent a little more time with it I could figure it out completely but here is a quick summary. The line you pointed out references Part VIII which references Part lV which references Schedule G. So if you look at all all those references…
I only see the 2021 form on the website. It is as clear as an IRS form can be (insert eye roll). If I spent a little more time with it I could figure it out completely but here is a quick summary. The line you pointed out references Part VIII which references Part lV which references Schedule G. So if you look at all all those references there are "Direct expenses" which reduced fundraising income to a loss. But due to typical IRS forms....the fundraising contributions are listed elsewhere so you have to back those out of the total. Then the preparer deducted the direct expenses from the reduced fundraising income which resulted in a loss. Then the net inventory sales and building rental is added to that loss which still nets to a loss and that is the negative revenue (a loss) you see on that line.
Wow, this analysis says so much about so many things. It sounds like it could mean they spent more money trying to raise money than they actually raised, at least in certain "fundraising" categories. Think dinners and events for "donors" with a massive DEI component. No wonder they "need" government grants! Thanks for the analysis.
I only see the 2021 form on the website. It is as clear as an IRS form can be (insert eye roll). If I spent a little more time with it I could figure it out completely but here is a quick summary. The line you pointed out references Part VIII which references Part lV which references Schedule G. So if you look at all all those references there are "Direct expenses" which reduced fundraising income to a loss. But due to typical IRS forms....the fundraising contributions are listed elsewhere so you have to back those out of the total. Then the preparer deducted the direct expenses from the reduced fundraising income which resulted in a loss. Then the net inventory sales and building rental is added to that loss which still nets to a loss and that is the negative revenue (a loss) you see on that line.
Wow, this analysis says so much about so many things. It sounds like it could mean they spent more money trying to raise money than they actually raised, at least in certain "fundraising" categories. Think dinners and events for "donors" with a massive DEI component. No wonder they "need" government grants! Thanks for the analysis.