Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $77,958

• 1e · Government grants (contributions)

  $900,014

• 1f · All other contributions, gifts and grants

  $5,902,011

• 1g · Noncash contributions included above

  $616,244

• 2a · Program service revenue: TUITION AND FEES

  total $107,065,278 · related or exempt $107,065,278

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $18,172,934 · related or exempt $18,159,217 · unrelated business $13,717

• 3 · Investment income

  total $4,961,113 · unrelated business $7,200 · excluded $4,953,913

• 7a · Gross sales of assets other than inventory

  securities $38,431,472

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

  securities $38,536,406

• 7c · Gain or loss

  securities -$104,934

• 7d · Net gain or loss

  total -$104,934 · excluded -$104,934

• 8a · Fundraising events: gross income

  $39,740

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

  $77,958

• 8b · Fundraising events: direct expenses

  $42,454

• 8c · Net income from fundraising events

  total -$2,714 · excluded -$2,714

• 11a · Other revenue: SUMMER CONFERENCES

  total $650,105 · unrelated business $650,105

• 11b · Other revenue: OTHER INCOME

  total -$144,263 · excluded -$144,263

• 11e · Other revenue, total

  $505,842

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $50,430,389 · program services $50,430,389

• 5 · Compensation of officers, directors and key employees

  total $2,107,578 · management and general $1,940,244 · fundraising $167,334

• 7 · Other salaries and wages

  total $37,026,928 · program services $32,240,559 · management and general $4,044,538 · fundraising $741,831

• 8 · Pension plan contributions

  total $2,129,377 · program services $1,764,705 · management and general $327,580 · fundraising $37,092

• 9 · Other employee benefits

  total $6,755,970 · program services $5,327,654 · management and general $1,234,940 · fundraising $193,376

• 10 · Payroll taxes

  total $2,660,654 · program services $2,196,222 · management and general $407,682 · fundraising $56,750

• 11b · Fees: legal

  total $94,946 · management and general $94,946

• 11c · Fees: accounting

  total $119,082 · management and general $119,082

• 11e · Fees: professional fundraising services

  total $112,641 · fundraising $112,641

• 11f · Fees: investment management

  total $47,064 · management and general $47,064

• 11g · Fees: other

  total $820 · management and general $820

• 12 · Advertising and promotion

  total $450,972 · program services $47,882 · management and general $401,166 · fundraising $1,924

• 13 · Office expenses

  total $10,759,688 · program services $9,985,154 · management and general $686,756 · fundraising $87,778

• 14 · Information technology

  total $3,126,731 · program services $107,434 · management and general $3,018,343 · fundraising $954

• 16 · Occupancy

  total $3,697,788 · program services $3,633,597 · management and general $64,191

• 17 · Travel

  total $2,227,672 · program services $2,131,426 · management and general $65,848 · fundraising $30,398

• 19 · Conferences, conventions and meetings

  total $149,872 · program services $125,507 · management and general $20,343 · fundraising $4,022

• 20 · Interest

  total $93,474 · program services $27,441 · management and general $66,033

• 22 · Depreciation, depletion and amortization

  total $7,641,247 · program services $6,693,763 · management and general $947,484

• 23 · Insurance

  total $1,146,849 · program services $741,654 · management and general $405,195

• 24a · Other expenses: ALL OTHER EXPENSES

  total $13,914,437 · program services $11,900,785 · management and general $1,984,142 · fundraising $29,510

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $614,510 · end of year $3,608,573

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $468,745

• 3 · Pledges and grants receivable

  beginning of year $5,235,339 · end of year $6,696,274

• 4 · Accounts receivable

  beginning of year $4,245,945 · end of year $3,282,221

• 7 · Other notes and loans receivable

  beginning of year $1,092,630 · end of year $742,223

• 9 · Prepaid expenses and deferred charges

  beginning of year $335,789 · end of year $1,559,851

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

  $222,956,930

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

  $96,499,939

• 10c · Land, buildings and equipment, net

  beginning of year $126,216,212 · end of year $126,456,991

• 11 · Investments: publicly traded securities

  beginning of year $111,024,379 · end of year $107,588,534

• 15 · Other assets

  beginning of year $7,913,881 · end of year $29,883,046

• 17 · Accounts payable and accrued expenses

  beginning of year $4,482,966 · end of year $3,695,884

• 19 · Deferred revenue

  beginning of year $4,267,044 · end of year $4,090,621

• 20 · Tax-exempt bond liabilities

  beginning of year $1,297,494 · end of year $899,792

• 25 · Other liabilities

  beginning of year $13,348,722 · end of year $35,844,066

• 27 · Net assets without donor restrictions

  beginning of year $146,492,030 · end of year $140,975,895

• 28 · Net assets with donor restrictions

  beginning of year $86,790,429 · end of year $94,780,200

The filer's explanations (Part III)

PART I, LINES 4A-B

KEVIN TRAINOR RECEIVED A SEVERANCE PAYMENT OF $161,944 DURING THE YEAR. THE FOLLOWING CONTRIBUTIONS WERE MADE TO AN INDIVIDUAL 457(F) PLAN: DURING THE YEAR, THE 457F PLAN WAS FULLY VESTED AND PAID OUT TO CINDY GNADINGER AT THE AMOUNT OF $246,975.