Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $4,954,164

• 1g · Noncash contributions included above

  $273,865

• 2a · Program service revenue: TUITION

  total $4,164,946 · related or exempt $4,164,946

• 3 · Investment income

  total $661,671 · excluded $661,671

• 7a · Gross sales of assets other than inventory

  securities $13,343,306

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

  securities $12,675,631

• 7c · Gain or loss

  securities $667,675

• 7d · Net gain or loss

  total $667,675 · excluded $667,675

• 11a · Other revenue: PASS-THROUGH INCOME FROM K-1S

  total $144,380 · unrelated business $144,380

• 11e · Other revenue, total

  $144,380

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $264,197 · program services $264,197

• 2 · Grants to domestic individuals

  total $3,795,929 · program services $3,795,929

• 5 · Compensation of officers, directors and key employees

  total $733,023 · program services $451,582 · management and general $223,507 · fundraising $57,934

• 7 · Other salaries and wages

  total $3,213,109 · program services $1,979,451 · management and general $979,713 · fundraising $253,945

• 8 · Pension plan contributions

  total $81,705 · program services $50,334 · management and general $24,913 · fundraising $6,458

• 9 · Other employee benefits

  total $155,422 · program services $95,748 · management and general $47,390 · fundraising $12,284

• 10 · Payroll taxes

  total $265,728 · program services $163,703 · management and general $81,023 · fundraising $21,002

• 11b · Fees: legal

  total $8,934 · management and general $8,934

• 11c · Fees: accounting

  total $67,375 · management and general $67,375

• 11f · Fees: investment management

  total $227,582 · management and general $227,582

• 11g · Fees: other

  total $177,926 · management and general $88,001 · fundraising $89,925

• 13 · Office expenses

  total $193,882 · program services $155,911 · management and general $30,049 · fundraising $7,922

• 14 · Information technology

  total $80,350 · program services $48,210 · management and general $24,105 · fundraising $8,035

• 16 · Occupancy

  total $131,400 · program services $111,690 · management and general $19,710

• 17 · Travel

  total $5,366 · program services $5,366

• 20 · Interest

  total $1,078 · management and general $1,078

• 22 · Depreciation, depletion and amortization

  total $453,404 · program services $385,125 · management and general $68,279

• 23 · Insurance

  total $80,267 · program services $68,495 · management and general $11,772

• 24a · Other expenses: INSTRUCTIONAL AND OTHER

  total $485,199 · program services $485,199

• 24b · Other expenses: CAFETERIA EXPENSES

  total $320,438 · program services $320,438

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,266,863 · end of year $2,042,410

• 2 · Savings and temporary cash investments

  beginning of year $4,524,725 · end of year $3,309,858

• 3 · Pledges and grants receivable

  beginning of year $468,949 · end of year $434,773

• 5 · Loans and receivables from officers and key people

  beginning of year $34,000

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

  $22,221,399

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

  $6,837,493

• 10c · Land, buildings and equipment, net

  beginning of year $15,777,311 · end of year $15,383,906

• 11 · Investments: publicly traded securities

  beginning of year $26,610,430 · end of year $30,477,175

• 12 · Investments: other securities

  beginning of year $24,061,200 · end of year $26,409,579

• 15 · Other assets

  beginning of year $35,672 · end of year $62,183

• 17 · Accounts payable and accrued expenses

  beginning of year $271,726 · end of year $369,717

• 18 · Grants payable

  end of year $216,000

• 23 · Secured mortgages and notes payable

  beginning of year $34,266 · end of year $12,869

• 25 · Other liabilities

  beginning of year $0 · end of year $31,665

• 27 · Net assets without donor restrictions

  beginning of year $48,814,793 · end of year $49,505,847

• 28 · Net assets with donor restrictions

  beginning of year $24,658,365 · end of year $27,983,786

The filer's explanations (Part III)

PART I, LINE 1A

AS STIPULATED IN A WRITTEN EMPLOYMENT AGREEMENT, THE EXECUTIVE DIRECTOR RECEIVED A HOUSING STIPEND IN 2024.