Form 990 for tax year 2024

1f · All other contributions, gifts and grants

$787,122

2a · Program service revenue: LAKER HALL DORM REVENU

total $533,530 · related or exempt $533,530

3 · Investment income

total $312,391 · excluded $312,391

7a · Gross sales of assets other than inventory

securities $151,673

7b · Less cost or other basis and sales expenses

securities $0

7c · Gain or loss

securities $151,673

7d · Net gain or loss

total $151,673 · excluded $151,673

1 · Grants to domestic organizations and governments

total $163,619 · program services $163,619

2 · Grants to domestic individuals

total $217,788 · program services $217,788

11c · Fees: accounting

total $43,600 · management and general $43,600

13 · Office expenses

total $2,065 · management and general $238 · fundraising $1,827

16 · Occupancy

total $13,842 · program services $13,842

17 · Travel

total $74 · management and general $74

19 · Conferences, conventions and meetings

total $3,916 · management and general $728 · fundraising $3,188

20 · Interest

total $344,102 · program services $344,102

22 · Depreciation, depletion and amortization

total $160,366 · program services $160,366

23 · Insurance

total $1,283 · management and general $1,283

24a · Other expenses: FIDUCIARY FEES

total $60,033 · management and general $60,033

24b · Other expenses: ADMIN EXPENSE REIMBURSE

total $29,582 · program services $0 · management and general $29,582

24c · Other expenses: MISCELLANEOUS

total $4,756 · fundraising $4,756

24d · Other expenses: BANK CHARGES

total $2,658 · management and general $2,658

24e · All other expenses

total $2,047 · management and general $2,047

1 · Cash, non-interest-bearing

beginning of year $76,634 · end of year $126,397

2 · Savings and temporary cash investments

beginning of year $711,734 · end of year $935,010

4 · Accounts receivable

beginning of year $73,143 · end of year $65,061

9 · Prepaid expenses and deferred charges

end of year $4,317

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

$6,950,305

10b · Land, buildings and equipment: accumulated depreciation

$3,646,028

10c · Land, buildings and equipment, net

beginning of year $3,461,477 · end of year $3,304,277

11 · Investments: publicly traded securities

beginning of year $8,141,039 · end of year $9,072,152

15 · Other assets

beginning of year $58,858 · end of year $98,514

17 · Accounts payable and accrued expenses

beginning of year $1,850 · end of year $24,844

23 · Secured mortgages and notes payable

beginning of year $5,783,052 · end of year $5,609,763

25 · Other liabilities

beginning of year $510 · end of year $44,697

27 · Net assets without donor restrictions

beginning of year -$1,929,884 · end of year -$1,877,895

28 · Net assets with donor restrictions

beginning of year $8,667,357 · end of year $9,804,319