Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $5,099,872

• 2a · Program service revenue: TUITION & FEES

  total $36,202,859 · related or exempt $36,202,859

• 2b · Program service revenue: SALES AND SERVICE

  total $1,058,316 · related or exempt $1,058,316

• 2c · Program service revenue: OTHER REVENUE

  total $256,160 · related or exempt $256,160

• 3 · Investment income

  total $912,640 · excluded $912,640

• 6a · Gross rents

  real property $640,511

• 6b · Less rental expenses

  real property $166,546

• 6c · Rental income or loss

  real property $473,965

• 6d · Net rental income or loss

  total $473,965 · excluded $473,965

• 7a · Gross sales of assets other than inventory

  securities $2,308,878

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

  securities $2,436,750

• 7c · Gain or loss

  securities -$127,872

• 7d · Net gain or loss

  total -$127,872 · excluded -$127,872

• 10a · Gross sales of inventory

  $26,027

• 10b · Cost of goods sold

  $51,334

• 10c · Net income from sales of inventory

  total -$25,307 · excluded -$25,307

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,387,101 · program services $1,387,101

• 5 · Compensation of officers, directors and key employees

  total $1,513,551 · management and general $1,338,153 · fundraising $175,398

• 7 · Other salaries and wages

  total $22,938,382 · program services $16,982,456 · management and general $5,675,465 · fundraising $280,461

• 8 · Pension plan contributions

  total $367,510 · program services $250,846 · management and general $108,739 · fundraising $7,925

• 9 · Other employee benefits

  total $3,492,829 · program services $1,723,736 · management and general $1,714,498 · fundraising $54,595

• 10 · Payroll taxes

  total $1,865,326 · program services $1,219,794 · management and general $611,030 · fundraising $34,502

• 11a · Fees: management

  total $114,103 · management and general $114,103

• 11b · Fees: legal

  total $600,994 · management and general $600,590 · fundraising $404

• 11c · Fees: accounting

  total $262,881 · management and general $262,881

• 11d · Fees: lobbying

  total $12,500 · management and general $12,500

• 11e · Fees: professional fundraising services

  total $4,999 · fundraising $4,999

• 11g · Fees: other

  total $4,234,107 · program services $2,472,445 · management and general $1,732,296 · fundraising $29,366

• 12 · Advertising and promotion

  total $86,155 · program services $18,727 · management and general $67,428

• 13 · Office expenses

  total $361,842 · program services $124,802 · management and general $235,632 · fundraising $1,408

• 14 · Information technology

  total $2,494,306 · program services $222,714 · management and general $2,237,152 · fundraising $34,440

• 16 · Occupancy

  total $1,039,181 · program services $283,055 · management and general $756,126

• 17 · Travel

  total $254,233 · program services $184,394 · management and general $56,363 · fundraising $13,476

• 19 · Conferences, conventions and meetings

  total $1,583,720 · program services $1,085,197 · management and general $483,994 · fundraising $14,529

• 20 · Interest

  total $418,130 · management and general $418,130

• 22 · Depreciation, depletion and amortization

  total $1,036,141 · program services $11,252 · management and general $1,024,889

• 23 · Insurance

  total $527,707 · program services $207 · management and general $527,500

• 24a · Other expenses: BANK FEES

  total $489,401 · program services $74,632 · management and general $412,018 · fundraising $2,751

• 24b · Other expenses: OPERATIONS AND FACILITI

  total $370,312 · program services $230,909 · management and general $139,403

• 24c · Other expenses: EMPLOYMENT EXPENSES

  total $348,819 · program services $57,449 · management and general $291,370

• 24d · Other expenses: DUES & SUBSCIPTION

  total $209,243 · program services $63,340 · management and general $131,473 · fundraising $14,430

• 24e · All other expenses

  total $746,181 · program services $570,238 · management and general $174,394 · fundraising $1,549

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,127,255 · end of year $4,857,344

• 3 · Pledges and grants receivable

  beginning of year $6,093,351 · end of year $7,922,895

• 4 · Accounts receivable

  beginning of year $1,294,176 · end of year $1,045,067

• 8 · Inventories for sale or use

  beginning of year $45,385 · end of year $11,798

• 9 · Prepaid expenses and deferred charges

  beginning of year $575,872 · end of year $730,496

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

  $28,396,423

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

  $8,667,292

• 10c · Land, buildings and equipment, net

  beginning of year $20,014,099 · end of year $19,729,131

• 11 · Investments: publicly traded securities

  beginning of year $13,946,062 · end of year $14,101,318

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $2,203,174 · end of year $1,499,949

• 17 · Accounts payable and accrued expenses

  beginning of year $2,473,200 · end of year $2,173,396

• 19 · Deferred revenue

  beginning of year $5,140,827 · end of year $3,702,143

• 23 · Secured mortgages and notes payable

  beginning of year $13,619,931 · end of year $13,145,665

• 25 · Other liabilities

  beginning of year $2,056,360 · end of year $1,371,911

• 27 · Net assets without donor restrictions

  beginning of year $26,046,193 · end of year $23,899,479

• 28 · Net assets with donor restrictions

  beginning of year $5,962,863 · end of year $5,605,404

Itemized on Schedule J with no Part VII listing of the same name on this return: