Form 990 for tax year 2022

1e · Government grants (contributions)

$286,814

1f · All other contributions, gifts and grants

$1,130,160

1g · Noncash contributions included above

$12,360

2a · Program service revenue: TUITION & FEES

total $13,370,825 · related or exempt $13,370,825

2b · Program service revenue: AUXILIARY INCOME

total $2,336,713 · related or exempt $2,336,713

2c · Program service revenue: MISC STUDENT SERVICES

total $177,961 · related or exempt $177,961

3 · Investment income

total $416,583 · excluded $416,583

6a · Gross rents

real property $61,728

6b · Less rental expenses

real property $40,773

6c · Rental income or loss

real property $20,955

6d · Net rental income or loss

total $20,955 · excluded $20,955

7a · Gross sales of assets other than inventory

securities $9,471,171 · other assets $60,449

7b · Less cost or other basis and sales expenses

securities $8,967,622 · other assets $18,779

7c · Gain or loss

securities $503,549 · other assets $41,670

7d · Net gain or loss

total $545,219 · related or exempt $545,219

10a · Gross sales of inventory

$188,187

10b · Cost of goods sold

$189,711

10c · Net income from sales of inventory

total -$1,524 · related or exempt -$1,524

2 · Grants to domestic individuals

total $7,151,133 · program services $7,151,133

5 · Compensation of officers, directors and key employees

total $837,164 · management and general $703,512 · fundraising $133,652

7 · Other salaries and wages

total $5,450,853 · program services $4,914,892 · management and general $380,988 · fundraising $154,973

8 · Pension plan contributions

total $210,117 · program services $187,023 · management and general $16,153 · fundraising $6,941

9 · Other employee benefits

total $845,376 · program services $704,670 · management and general $98,828 · fundraising $41,878

10 · Payroll taxes

total $373,243 · program services $337,717 · management and general $24,587 · fundraising $10,939

11b · Fees: legal

total $46,740 · management and general $46,740

11c · Fees: accounting

total $58,041 · management and general $58,041

11f · Fees: investment management

total $49,383 · program services $32,716 · management and general $16,667

11g · Fees: other

total $699,057 · program services $699,057

12 · Advertising and promotion

total $599,517 · program services $528,926 · fundraising $70,591

13 · Office expenses

total $785,797 · program services $746,679 · management and general $21,718 · fundraising $17,400

14 · Information technology

total $173,812 · program services $173,812

16 · Occupancy

total $693,695 · program services $693,695

17 · Travel

total $636,950 · program services $589,546 · management and general $18,936 · fundraising $28,468

19 · Conferences, conventions and meetings

total $676 · program services $676

20 · Interest

total $297,703 · program services $297,703

22 · Depreciation, depletion and amortization

total $1,337,540 · program services $1,337,540

23 · Insurance

total $295,390 · program services $295,390

24a · Other expenses: STUDENT MEALS

total $641,360 · program services $641,360

24b · Other expenses: REPAIRS & MAINTENANCE

total $233,624 · program services $233,624

24c · Other expenses: BAD DEBTS

total $119,104 · program services $119,104

1 · Cash, non-interest-bearing

beginning of year $3,974,358 · end of year $1,531,580

3 · Pledges and grants receivable

beginning of year $307,174 · end of year $294,708

4 · Accounts receivable

beginning of year $98,045 · end of year $78,405

7 · Other notes and loans receivable

beginning of year $364,428 · end of year $410,991

8 · Inventories for sale or use

beginning of year $25,752 · end of year $34,504

9 · Prepaid expenses and deferred charges

beginning of year $98,378 · end of year $98,329

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

$44,786,557

10b · Land, buildings and equipment: accumulated depreciation

$23,135,079

10c · Land, buildings and equipment, net

beginning of year $22,730,266 · end of year $21,651,478

11 · Investments: publicly traded securities

beginning of year $16,740,829 · end of year $16,160,865

15 · Other assets

beginning of year $10,782 · end of year $349,665

17 · Accounts payable and accrued expenses

beginning of year $847,902 · end of year $1,401,819

19 · Deferred revenue

beginning of year $222,647 · end of year $97,086

23 · Secured mortgages and notes payable

beginning of year $8,770,408 · end of year $8,340,393

25 · Other liabilities

beginning of year $123,689 · end of year $456,211

27 · Net assets without donor restrictions

beginning of year $16,580,963 · end of year $14,045,105

28 · Net assets with donor restrictions

beginning of year $17,804,403 · end of year $16,269,911