Form 990 for tax year 2023

1e · Government grants (contributions)

$571,805

1f · All other contributions, gifts and grants

$2,932,999

1g · Noncash contributions included above

$137,841

2a · Program service revenue: TUITION

total $4,970,542 · related or exempt $4,970,542

2b · Program service revenue: ROOM AND BOARD

total $2,220,768 · related or exempt $2,220,768

2c · Program service revenue: OTHER

total $97,378 · related or exempt $97,378

3 · Investment income

total $251,900 · excluded $251,900

7a · Gross sales of assets other than inventory

securities $166,038

7b · Less cost or other basis and sales expenses

securities $126,790

7c · Gain or loss

securities $39,248

7d · Net gain or loss

total $39,248 · excluded $39,248

10a · Gross sales of inventory

$3,135

10b · Cost of goods sold

$3,463

10c · Net income from sales of inventory

total -$328 · related or exempt -$328

2 · Grants to domestic individuals

total $2,445,196 · program services $2,445,196

5 · Compensation of officers, directors and key employees

total $592,026 · management and general $554,341 · fundraising $37,685

7 · Other salaries and wages

total $2,612,508 · program services $2,436,877 · management and general $127,631 · fundraising $48,000

8 · Pension plan contributions

total $99,455 · program services $21,906 · management and general $58,421 · fundraising $19,128

9 · Other employee benefits

total $204,932 · program services $204,932

10 · Payroll taxes

total $233,853 · program services $178,967 · management and general $49,382 · fundraising $5,504

11b · Fees: legal

total $510 · management and general $510

11c · Fees: accounting

total $43,342 · management and general $43,342

13 · Office expenses

total $2,023,763 · program services $1,677,387 · management and general $315,817 · fundraising $30,559

17 · Travel

total $126,597 · program services $101,946 · management and general $22,954 · fundraising $1,697

19 · Conferences, conventions and meetings

total $182,196 · program services $46,890 · management and general $128,450 · fundraising $6,856

20 · Interest

total $288,441 · program services $224,310 · management and general $64,131

22 · Depreciation, depletion and amortization

total $716,367 · program services $625,037 · management and general $91,330

23 · Insurance

total $22,826 · program services $22,826

24a · Other expenses: CONTRACTED SERVICES

total $1,232,265 · program services $1,024,149 · management and general $208,116

24b · Other expenses: OTHER EXPENSES

total $419,333 · program services $204,711 · management and general $214,622

24c · Other expenses: BAD DEBT AND COLLECTION

total $315,497 · management and general $315,497

24d · Other expenses: DUES

total $60,801 · program services $28,971 · management and general $24,453 · fundraising $7,377

24e · All other expenses

total $66,559 · program services $33,983 · management and general $32,576

1 · Cash, non-interest-bearing

beginning of year $1,941,699 · end of year $1,537,054

2 · Savings and temporary cash investments

beginning of year $73,000 · end of year $129,000

3 · Pledges and grants receivable

beginning of year $556,647 · end of year $619,150

4 · Accounts receivable

beginning of year $33,087 · end of year $1,878

8 · Inventories for sale or use

beginning of year $26,326 · end of year $22,469

9 · Prepaid expenses and deferred charges

beginning of year $159,429 · end of year $206,949

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

$34,770,503

10b · Land, buildings and equipment: accumulated depreciation

$17,987,724

10c · Land, buildings and equipment, net

beginning of year $17,381,162 · end of year $16,782,779

11 · Investments: publicly traded securities

beginning of year $10,234,404 · end of year $11,761,512

17 · Accounts payable and accrued expenses

beginning of year $257,428 · end of year $612,574

19 · Deferred revenue

beginning of year $89,192 · end of year $69,514

23 · Secured mortgages and notes payable

beginning of year $9,797,085 · end of year $9,551,832

25 · Other liabilities

beginning of year $69,076 · end of year $14,987

27 · Net assets without donor restrictions

beginning of year $10,672,733 · end of year $10,426,382

28 · Net assets with donor restrictions

beginning of year $9,520,240 · end of year $10,385,502