Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $9,340

• 1f · All other contributions, gifts and grants

  $26,695,281

• 1g · Noncash contributions included above

  $351,715

• 2a · Program service revenue: TUITION

  total $1,041,737 · related or exempt $1,041,737

• 3 · Investment income

  total $6,840,265 · excluded $6,840,265

• 5 · Royalties

  total $3,323 · excluded $3,323

• 6a · Gross rents

  real property $58,265

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $58,265

• 6d · Net rental income or loss

  total $58,265 · excluded $58,265

• 7a · Gross sales of assets other than inventory

  securities $219,933,580

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

  securities $216,512,242

• 7c · Gain or loss

  securities $3,421,338

• 7d · Net gain or loss

  total $3,421,338 · excluded $3,421,338

• 10a · Gross sales of inventory

  $42,821

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $42,821 · excluded $42,821

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,434,087 · program services $1,434,087

• 2 · Grants to domestic individuals

  total $693,151 · program services $693,151

• 3 · Grants to foreign organizations and individuals

  total $11,610,776 · program services $11,610,776

• 5 · Compensation of officers, directors and key employees

  total $300,501 · management and general $300,501

• 7 · Other salaries and wages

  total $4,229,349 · program services $2,881,276 · management and general $601,268 · fundraising $746,805

• 8 · Pension plan contributions

  total $217,884 · program services $132,681 · management and general $46,606 · fundraising $38,597

• 9 · Other employee benefits

  total $707,842 · program services $454,959 · management and general $138,327 · fundraising $114,556

• 10 · Payroll taxes

  total $378,541 · program services $245,998 · management and general $72,501 · fundraising $60,042

• 11b · Fees: legal

  total $43,103 · program services $9,515 · management and general $33,588

• 11c · Fees: accounting

  total $166,567 · management and general $166,567

• 11f · Fees: investment management

  total $852,628 · management and general $852,628

• 11g · Fees: other

  total $1,761,415 · program services $1,484,831 · management and general $252,300 · fundraising $24,284

• 12 · Advertising and promotion

  total $168,894 · program services $29,263 · management and general $131,343 · fundraising $8,288

• 13 · Office expenses

  total $847,495 · program services $737,618 · management and general $71,253 · fundraising $38,624

• 14 · Information technology

  total $273,974 · program services $139,790 · management and general $87,632 · fundraising $46,552

• 16 · Occupancy

  total $687,141 · program services $544,549 · management and general $90,712 · fundraising $51,880

• 17 · Travel

  total $258,542 · program services $171,762 · management and general $86,130 · fundraising $650

• 19 · Conferences, conventions and meetings

  total $1,088,297 · program services $725,253 · management and general $73,374 · fundraising $289,670

• 22 · Depreciation, depletion and amortization

  total $1,632,476 · program services $1,463,502 · management and general $144,600 · fundraising $24,374

• 23 · Insurance

  total $399,986 · program services $276,963 · management and general $123,023

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $253,546 · program services $233,009 · management and general $19,068 · fundraising $1,469

• 24b · Other expenses: SERVERANCE AND LIFE EST

  total $116,167 · program services $65,046 · management and general $51,121

• 24c · Other expenses: DUE AND SUBSCRIPTIONS

  total $81,333 · program services $57,867 · management and general $21,643 · fundraising $1,823

• 24d · Other expenses: PROGRAM ACTIVITIES

  total $17,680 · program services $17,680

• 24e · All other expenses

  total $32,356 · program services $25,009 · management and general $7,347

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,465,485 · end of year $2,656,634

• 2 · Savings and temporary cash investments

  beginning of year $1,619,556 · end of year $5,334,468

• 3 · Pledges and grants receivable

  beginning of year $7,896,747 · end of year $2,361,485

• 4 · Accounts receivable

  beginning of year $611,624 · end of year $582,942

• 9 · Prepaid expenses and deferred charges

  beginning of year $60,827 · end of year $85,683

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

  $70,864,442

• 10b · Land, buildings and equipment: accumulated depreciation

  $37,399,504

• 10c · Land, buildings and equipment, net

  beginning of year $34,778,064 · end of year $33,464,938

• 12 · Investments: other securities

  beginning of year $210,364,776 · end of year $241,278,608

• 15 · Other assets

  beginning of year $26,560,346 · end of year $24,663,352

• 17 · Accounts payable and accrued expenses

  beginning of year $4,313,670 · end of year $4,430,558

• 25 · Other liabilities

  beginning of year $840,071 · end of year $793,045

• 27 · Net assets without donor restrictions

  beginning of year -$9,252,771 · end of year -$5,546,201

• 28 · Net assets with donor restrictions

  beginning of year $289,456,455 · end of year $310,750,708

The filer's explanations (Part III)

PART I, LINE 7

BONUS WERE NON-FIXED DISCRETIONARY; ACCRUED AS OF 12/31/2023; PAID IN 2024