Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $91,408

• 1e · Government grants (contributions)

  $937,394

• 1f · All other contributions, gifts and grants

  $5,694,938

• 1g · Noncash contributions included above

  $43,083

• 2a · Program service revenue: TUITION

  total $23,231,551 · related or exempt $23,231,551

• 2b · Program service revenue: FEES & OTHER INCOME

  total $773,265 · related or exempt $773,265

• 3 · Investment income

  total $130,213 · excluded $130,213

• 6a · Gross rents

  real property $63,007

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $63,007

• 6d · Net rental income or loss

  total $63,007 · related or exempt $63,007

• 8a · Fundraising events: gross income

  $88,477

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

  $91,408

• 8b · Fundraising events: direct expenses

  $88,477

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: BAD DEBT ON UNCONDITIONAL PROMISE

  total -$48,528 · related or exempt -$48,528

• 11e · Other revenue, total

  -$48,528

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $6,505,921 · program services $6,505,921

• 5 · Compensation of officers, directors and key employees

  total $456,949 · program services $168,000 · management and general $228,949 · fundraising $60,000

• 6 · Compensation of disqualified persons

  total $10,916,948 · program services $7,604,670 · management and general $3,012,550 · fundraising $299,728

• 8 · Pension plan contributions

  total $412,104 · program services $288,473 · management and general $123,631

• 9 · Other employee benefits

  total $1,464,251 · program services $815,802 · management and general $439,275 · fundraising $209,174

• 10 · Payroll taxes

  total $863,406 · program services $604,384 · management and general $259,022

• 11b · Fees: legal

  total $25,860 · management and general $25,860

• 11c · Fees: accounting

  total $72,922 · management and general $72,922

• 12 · Advertising and promotion

  total $35,786 · management and general $35,786

• 13 · Office expenses

  total $985,268 · management and general $592,979 · fundraising $392,289

• 17 · Travel

  total $68,533 · program services $48,961 · management and general $9,166 · fundraising $10,406

• 20 · Interest

  total $263,950 · program services $252,574 · management and general $11,376

• 22 · Depreciation, depletion and amortization

  total $1,994,688 · program services $1,908,717 · management and general $85,971

• 23 · Insurance

  total $294,420 · program services $281,730 · management and general $12,690

• 24a · Other expenses: FOOD SERVICE

  total $1,049,271 · program services $1,049,271

• 24b · Other expenses: INSTRUCTIONAL

  total $957,765 · program services $957,765

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $876,993 · program services $839,201 · management and general $37,792

• 24d · Other expenses: GOVERNMENT APPROPRIATIO

  total $635,427 · program services $635,427

• 24e · All other expenses

  total $838,811 · program services $664,635 · management and general $174,176

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,020,393 · end of year $2,858,728

• 3 · Pledges and grants receivable

  beginning of year $333,889 · end of year $884,141

• 4 · Accounts receivable

  beginning of year $273,239 · end of year $156,907

• 9 · Prepaid expenses and deferred charges

  beginning of year $238,915 · end of year $533,151

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

  $65,713,793

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

  $33,547,738

• 10c · Land, buildings and equipment, net

  beginning of year $32,108,914 · end of year $32,166,055

• 11 · Investments: publicly traded securities

  beginning of year $26,933 · end of year $40,531

• 15 · Other assets

  beginning of year $1,083,190 · end of year $1,077,101

• 17 · Accounts payable and accrued expenses

  beginning of year $1,636,877 · end of year $2,089,219

• 19 · Deferred revenue

  beginning of year $2,612,108 · end of year $3,044,355

• 23 · Secured mortgages and notes payable

  beginning of year $4,001,268 · end of year $3,585,247

• 25 · Other liabilities

  beginning of year $15,586 · end of year $47,980

• 27 · Net assets without donor restrictions

  beginning of year $25,511,954 · end of year $26,930,155

• 28 · Net assets with donor restrictions

  beginning of year $1,307,680 · end of year $2,019,658

The filer's explanations (Part III)

PART I, LINE 1A

THE DISCRETIONARY SPENDING ACCOUNT AND HOUSING ALLOWANCE ARE FOR BUSINESS RELATED USE.