Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $429,679

• 1f · All other contributions, gifts and grants

  $14,786,387

• 1g · Noncash contributions included above

  $1,201,729

• 2a · Program service revenue: COLLEGE FEES & SERVICE

  total $42,559,320 · related or exempt $42,559,320

• 2b · Program service revenue: SALES/SVC, AUX. ENTER.

  total $9,550,012 · related or exempt $9,550,012

• 2c · Program service revenue: SALES/SVC, EDU. ENTER.

  total $645,394 · related or exempt $645,394

• 2d · Program service revenue: FINE INCOME

  total $88,189 · related or exempt $88,189

• 2e · Program service revenue: DELINQUENCY CHARGES

  total $53,200 · related or exempt $53,200

• 2f · All other program service revenue

  total $565,557 · related or exempt $565,557

• 3 · Investment income

  total $956,072 · excluded $956,072

• 7a · Gross sales of assets other than inventory

  securities $34,556,090

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

  securities $32,656,561

• 7c · Gain or loss

  securities $1,899,529

• 7d · Net gain or loss

  total $1,899,529 · excluded $1,899,529

• 8a · Fundraising events: gross income

  $90,016

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $90,016 · excluded $90,016

• 9a · Gaming: gross income

  $54,692

• 9b · Gaming: direct expenses

  $25,022

• 9c · Net income from gaming

  total $29,670 · excluded $29,670

• 10a · Gross sales of inventory

  $256,644

• 10b · Cost of goods sold

  $142,378

• 10c · Net income from sales of inventory

  total $114,266 · excluded $114,266

• 11a · Other revenue: EXT. EVENTS & CATERING

  total $56,147 · unrelated business $56,147

• 11b · Other revenue: ADVERTISING

  total $1,400 · unrelated business $1,400

• 11e · Other revenue, total

  $57,547

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $27,187,767 · program services $27,187,767

• 5 · Compensation of officers, directors and key employees

  total $1,508,828 · program services $269,930 · management and general $787,449 · fundraising $451,449

• 7 · Other salaries and wages

  total $17,072,529 · program services $16,187,047 · management and general $176,809 · fundraising $708,673

• 8 · Pension plan contributions

  total $289,259 · program services $269,596 · management and general $4,027 · fundraising $15,636

• 9 · Other employee benefits

  total $2,321,597 · program services $2,130,174 · management and general $138,249 · fundraising $53,174

• 10 · Payroll taxes

  total $1,262,153 · program services $1,118,751 · management and general $64,466 · fundraising $78,936

• 11b · Fees: legal

  total $157,959 · management and general $157,959

• 11c · Fees: accounting

  total $121,013 · management and general $121,013

• 11f · Fees: investment management

  total $100,433 · management and general $100,433

• 11g · Fees: other

  total $1,002,051 · program services $870,647 · management and general $99,583 · fundraising $31,821

• 12 · Advertising and promotion

  total $176,279 · program services $140,521 · management and general $406 · fundraising $35,352

• 13 · Office expenses

  total $1,959,003 · program services $1,724,510 · management and general $33,092 · fundraising $201,401

• 14 · Information technology

  total $805,758 · program services $740,532 · management and general $55,362 · fundraising $9,864

• 16 · Occupancy

  total $1,547,651 · program services $1,547,651

• 17 · Travel

  total $1,295,711 · program services $1,224,388 · management and general $24,789 · fundraising $46,534

• 19 · Conferences, conventions and meetings

  total $47,774 · program services $40,410 · management and general $2,769 · fundraising $4,595

• 20 · Interest

  total $2,666,365 · program services $2,666,365

• 22 · Depreciation, depletion and amortization

  total $3,816,648 · program services $3,816,648

• 23 · Insurance

  total $596,339 · program services $596,339

• 24a · Other expenses: FOOD SERVICE

  total $2,990,858 · program services $2,990,858

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $552,686 · program services $547,304 · management and general $2,691 · fundraising $2,691

• 24c · Other expenses: DUES & SUBSCRIPTIONS

  total $281,802 · program services $153,484 · management and general $114,978 · fundraising $13,340

• 24d · Other expenses: UBIT PAID

  total $1,100 · management and general $1,100

• 24e · All other expenses

  total $1,291,386 · program services $1,056,124 · management and general $204,020 · fundraising $31,242

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,494 · end of year $7,496

• 2 · Savings and temporary cash investments

  beginning of year $1,217,461 · end of year $1,804,157

• 3 · Pledges and grants receivable

  beginning of year $23,813,177 · end of year $23,645,884

• 4 · Accounts receivable

  beginning of year $653,690 · end of year $319,829

• 8 · Inventories for sale or use

  beginning of year $174,200 · end of year $249,804

• 9 · Prepaid expenses and deferred charges

  beginning of year $919,704 · end of year $538,574

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

  $121,193,236

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

  $73,421,387

• 10c · Land, buildings and equipment, net

  beginning of year $50,833,064 · end of year $47,771,849

• 11 · Investments: publicly traded securities

  beginning of year $22,233,833 · end of year $15,823,736

• 12 · Investments: other securities

  beginning of year $3,705,742 · end of year $2,347,628

• 13 · Investments: program-related

  beginning of year $4,229,636 · end of year $4,528,839

• 15 · Other assets

  beginning of year $4,479,398 · end of year $4,540,578

• 17 · Accounts payable and accrued expenses

  beginning of year $4,698,666 · end of year $5,095,363

• 19 · Deferred revenue

  beginning of year $3,735,133 · end of year $3,563,316

• 20 · Tax-exempt bond liabilities

  beginning of year $41,709,584 · end of year $34,391,065

• 21 · Escrow or custodial account liability

  beginning of year $604,305 · end of year $596,802

• 23 · Secured mortgages and notes payable

  beginning of year $7,994,000 · end of year $1,887,232

• 25 · Other liabilities

  beginning of year $2,228,617 · end of year $2,362,409

• 27 · Net assets without donor restrictions

  beginning of year -$34,611,749 · end of year -$38,485,887

• 28 · Net assets with donor restrictions

  beginning of year $85,908,843 · end of year $92,168,074

The filer's explanations (Part III)

PART I, LINE 1A

THE HOUSING ALLOWANCE ACCOUNT FOR AN EMPLOYEE IS PART OF THE NORMAL TAXABLE WAGES PAID TO THE EMPLOYEE AND IS INCLUDED AS PART OF THE EMPLOYEE'S TAXABLE INCOME.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• PERPETUAL TRUSTS (1)

  T · CHARITABLE TRUST · IA

• CHARITABLE REMAINDER UNITRUST (3)

  T · CHARITABLE TRUST · IA