Form 990 for tax year 2023

2a · Program service revenue: INSTRUCTION

total $47,641,310 · related or exempt $47,641,310

11d · All other revenue

total $462,338 · related or exempt $462,338

11e · Other revenue, total

$462,338

2 · Grants to domestic individuals

total $1,178,911 · program services $1,178,911

5 · Compensation of officers, directors and key employees

total $889,049 · program services $442,557 · management and general $446,492

7 · Other salaries and wages

total $20,064,231 · program services $16,518,995 · management and general $3,545,236

8 · Pension plan contributions

total $139,138 · program services $105,028 · management and general $34,110

9 · Other employee benefits

total $1,365,704 · program services $1,043,628 · management and general $322,076

10 · Payroll taxes

total $1,683,866 · program services $1,248,299 · management and general $435,567

11a · Fees: management

total $438,000 · management and general $438,000

11b · Fees: legal

total $53,220 · management and general $53,220

11c · Fees: accounting

total $204,000 · management and general $204,000

12 · Advertising and promotion

total $5,133,593 · program services $5,133,593

13 · Office expenses

total $121,883 · program services $105,954 · management and general $15,929

14 · Information technology

total $961,861 · program services $473,686 · management and general $488,175

16 · Occupancy

total $5,062,186 · program services $4,829,280 · management and general $232,906

17 · Travel

total $56,894 · program services $16,425 · management and general $40,469

20 · Interest

total $1,940,799 · program services $616,465 · management and general $1,324,334

22 · Depreciation, depletion and amortization

total $1,150,696 · program services $1,030,696 · management and general $120,000

23 · Insurance

total $334,486 · management and general $334,486

24a · Other expenses: STUDENT SUPPLIES & TEST

total $2,844,726 · program services $2,844,726

24b · Other expenses: BAD DEBT

total $2,759,210 · program services $2,759,210

24c · Other expenses: INSTRUCTIONAL EXPENSE

total $2,189,255 · program services $2,186,887 · management and general $2,368

24d · Other expenses: RECRUITMENT

total $472,938 · program services $423,662 · management and general $49,276

24e · All other expenses

total $1,308,260 · program services $913,051 · management and general $395,209

1 · Cash, non-interest-bearing

beginning of year $1,188,736 · end of year $496,918

4 · Accounts receivable

beginning of year $647,305 · end of year $1,533,897

7 · Other notes and loans receivable

beginning of year $2,053,893 · end of year $1,538,620

8 · Inventories for sale or use

beginning of year $0 · end of year $291,250

9 · Prepaid expenses and deferred charges

beginning of year $806,092 · end of year $534,878

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

$6,188,842

10b · Land, buildings and equipment: accumulated depreciation

$1,468,996

10c · Land, buildings and equipment, net

beginning of year $5,141,600 · end of year $4,719,846

14 · Intangible assets

beginning of year $16,849,996 · end of year $16,849,996

15 · Other assets

beginning of year $19,306,271 · end of year $17,313,830

17 · Accounts payable and accrued expenses

beginning of year $2,858,291 · end of year $3,196,371

19 · Deferred revenue

beginning of year $2,807,009 · end of year $2,304,683

23 · Secured mortgages and notes payable

beginning of year $20,830,220 · end of year $23,066,667

25 · Other liabilities

beginning of year $19,668,677 · end of year $17,131,076

27 · Net assets without donor restrictions

beginning of year -$170,304 · end of year -$2,419,562