Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $635,332

• 1e · Government grants (contributions)

  $211,945

• 1f · All other contributions, gifts and grants

  $3,519,804

• 1g · Noncash contributions included above

  $1,204,272

• 2a · Program service revenue: TUITION

  total $3,852,887 · related or exempt $3,852,887

• 2b · Program service revenue: FACILITIES SERVICES

  total $1,718,129 · related or exempt $1,718,129

• 2c · Program service revenue: CONTRACTED SERVICES

  total $49,126 · related or exempt $49,126

• 3 · Investment income

  total $268,324 · excluded $268,324

• 6a · Gross rents

  real property $966,960

• 6b · Less rental expenses

  real property $872,240

• 6c · Rental income or loss

  real property $94,720

• 6d · Net rental income or loss

  total $94,720 · excluded $94,720

• 7a · Gross sales of assets other than inventory

  securities $18,279,023

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

  securities $13,641,751

• 7c · Gain or loss

  securities $4,637,272

• 7d · Net gain or loss

  total $4,637,272 · excluded $4,637,272

• 8a · Fundraising events: gross income

  $110,450

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

  $635,332

• 8b · Fundraising events: direct expenses

  $136,941

• 8c · Net income from fundraising events

  total -$26,491 · excluded -$26,491

• 11a · Other revenue: OTHER INCOME

  total $3,700 · related or exempt $3,700

• 11e · Other revenue, total

  $3,700

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $206,194 · program services $206,194

• 5 · Compensation of officers, directors and key employees

  total $659,789 · program services $479,782 · management and general $96,218 · fundraising $83,789

• 7 · Other salaries and wages

  total $6,101,825 · program services $5,558,672 · management and general $15,597 · fundraising $527,556

• 8 · Pension plan contributions

  total $188,378 · program services $166,334 · management and general $1,617 · fundraising $20,427

• 9 · Other employee benefits

  total $475,053 · program services $413,108 · management and general $6,299 · fundraising $55,646

• 10 · Payroll taxes

  total $562,446 · program services $495,016 · management and general $7,978 · fundraising $59,452

• 11b · Fees: legal

  total $40,887 · management and general $40,887

• 11c · Fees: accounting

  total $50,400 · management and general $50,400

• 11d · Fees: lobbying

  total $61,000 · management and general $61,000

• 11f · Fees: investment management

  total $142,779 · management and general $142,779

• 11g · Fees: other

  total $741,071 · program services $635,522 · management and general $78,858 · fundraising $26,691

• 12 · Advertising and promotion

  total $192,202 · program services $167,104 · management and general $275 · fundraising $24,823

• 13 · Office expenses

  total $372,271 · program services $288,594 · management and general $11,509 · fundraising $72,168

• 14 · Information technology

  total $118,094 · program services $82,008 · management and general $15,264 · fundraising $20,822

• 16 · Occupancy

  total $247,048 · program services $198,927 · management and general $11,148 · fundraising $36,973

• 19 · Conferences, conventions and meetings

  total $51,696 · program services $47,890 · management and general $1,014 · fundraising $2,792

• 22 · Depreciation, depletion and amortization

  total $533,270 · program services $461,816 · management and general $16,973 · fundraising $54,481

• 23 · Insurance

  total $278,616 · program services $256,327 · management and general $5,572 · fundraising $16,717

• 24a · Other expenses: EQUIPMENT RENTAL

  total $163,259 · program services $122,781 · management and general $15,890 · fundraising $24,588

• 24b · Other expenses: PIANO TUNING

  total $113,078 · program services $112,328 · fundraising $750

• 24c · Other expenses: CULTIVATION EXPENSES

  total $46,672 · program services $16,195 · management and general $15,820 · fundraising $14,657

• 24d · Other expenses: CONCESSION

  total $20,158 · program services $20,158

• 24e · All other expenses

  total $13,578 · program services $4,853 · management and general $8,725

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,117,738 · end of year $2,323,102

• 2 · Savings and temporary cash investments

  beginning of year $2,019,506 · end of year $1,415,608

• 3 · Pledges and grants receivable

  beginning of year $3,232,556 · end of year $2,131,286

• 4 · Accounts receivable

  beginning of year $77,759 · end of year $108,634

• 9 · Prepaid expenses and deferred charges

  beginning of year $158,325 · end of year $137,721

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

  $28,006,311

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

  $20,161,380

• 10c · Land, buildings and equipment, net

  beginning of year $8,578,728 · end of year $7,844,931

• 11 · Investments: publicly traded securities

  beginning of year $16,766,839 · end of year $19,218,332

• 15 · Other assets

  beginning of year $214,880 · end of year $268,600

• 17 · Accounts payable and accrued expenses

  beginning of year $323,480 · end of year $276,323

• 19 · Deferred revenue

  beginning of year $1,051,030 · end of year $1,172,053

• 27 · Net assets without donor restrictions

  beginning of year $15,645,412 · end of year $14,891,052

• 28 · Net assets with donor restrictions

  beginning of year $16,146,409 · end of year $17,108,786

The filer's explanations (Part III)

PART II, COLUMN B(III)

KATE SHEERAN, EXECUTIVE DIRECTOR, (OUTGOING) RECEIVED A PAYOUT OF ACCRUED VACATION TIME REPORTED IN COLUMN B(III).