Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $418,185

• 1e · Government grants (contributions)

  $291,192

• 1f · All other contributions, gifts and grants

  $200,073

• 2a · Program service revenue: TUITION

  total $10,611,776 · related or exempt $10,611,776

• 3 · Investment income

  total $5,592 · related or exempt $5,592

• 6a · Gross rents

  real property $34,910

• 6c · Rental income or loss

  real property $34,910

• 6d · Net rental income or loss

  total $34,910 · related or exempt $34,910

• 8a · Fundraising events: gross income

  $50,620

• 8a · Fundraising events: contributions included on line 1c

  $418,185

• 8b · Fundraising events: direct expenses

  $128,283

• 8c · Net income from fundraising events

  total -$77,663

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,892,354 · program services $1,892,354

• 7 · Other salaries and wages

  total $6,950,617 · program services $3,788,285 · management and general $3,162,332

• 8 · Pension plan contributions

  total $27,439 · program services $17,561 · management and general $9,878

• 9 · Other employee benefits

  total $411,658 · program services $263,461 · management and general $148,197

• 10 · Payroll taxes

  total $427,698 · program services $273,727 · management and general $153,971

• 11b · Fees: legal

  total $17,161 · management and general $17,161

• 11c · Fees: accounting

  total $29,741 · management and general $29,741

• 11g · Fees: other

  total $92,802 · program services $18,227 · management and general $74,575

• 12 · Advertising and promotion

  total $65,123 · fundraising $65,123

• 13 · Office expenses

  total $65,910 · management and general $65,910

• 20 · Interest

  total $196,553 · management and general $196,553

• 22 · Depreciation, depletion and amortization

  total $581,515 · management and general $581,515

• 23 · Insurance

  total $140,615 · management and general $140,615

• 24a · Other expenses: EDUCATION MATERIALS AND S

  total $353,923 · program services $353,923

• 24b · Other expenses: REPAIRS MAINT&SECURITY

  total $337,302 · management and general $337,302

• 24c · Other expenses: BAD DEBT

  total $180,847 · program services $180,847

• 24d · Other expenses: TRANSPORTATION

  total $141,939 · program services $141,939

• 24e · All other expenses

  total $384,190 · program services $128,993 · management and general $255,197

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,201,528 · end of year $1,955,313

• 2 · Savings and temporary cash investments

  beginning of year $572,112 · end of year $371,389

• 3 · Pledges and grants receivable

  beginning of year $397,094 · end of year $268,449

• 4 · Accounts receivable

  beginning of year $23,992 · end of year $39,511

• 9 · Prepaid expenses and deferred charges

  end of year $7,514

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

  $15,934,909

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

  $6,093,376

• 10c · Land, buildings and equipment, net

  beginning of year $10,211,907 · end of year $9,841,533

• 11 · Investments: publicly traded securities

  beginning of year $338,475 · end of year $383,632

• 17 · Accounts payable and accrued expenses

  beginning of year $220,605 · end of year $55,227

• 19 · Deferred revenue

  beginning of year $841,238 · end of year $837,251

• 23 · Secured mortgages and notes payable

  beginning of year $6,015,000 · end of year $5,954,113

• 25 · Other liabilities

  beginning of year $28,341 · end of year $13,437

• 27 · Net assets without donor restrictions

  beginning of year $5,451,798 · end of year $4,929,882

• 28 · Net assets with donor restrictions

  beginning of year $1,188,126 · end of year $1,077,431

Itemized on Schedule J with no Part VII listing of the same name on this return:

• SEE ATTACHED SCHEDULE

  SEE ATTACHED SCHEDUL

  Schedule J breakdown

  Base

  $1,119,865

  Bonus

  —not reported

  Other

  —not reported

  Deferred

  —not reported

  Nontaxable benefits

  $402,258

  Filer's total

  $1,522,123

• SEE ATTACHED SCHEDULE

  SEE ATTACHED SCHEDUL

  Schedule J breakdown

  Base

  $421,613

  Bonus

  —not reported

  Other

  —not reported

  Deferred

  —not reported

  Nontaxable benefits

  $292,637

  Filer's total

  $714,250