Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $20,738,694

• 1f · All other contributions, gifts and grants

  $341,545

• 2a · Program service revenue: STUDENT FEES

  total $51,006 · related or exempt $51,006

• 3 · Investment income

  total $343,241 · excluded $343,241

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $42,992 · related or exempt $42,992

• 11e · Other revenue, total

  $42,992

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $817,395 · program services $570,896 · management and general $233,813 · fundraising $12,686

• 7 · Other salaries and wages

  total $8,307,418 · program services $7,564,826 · management and general $555,369 · fundraising $187,223

• 8 · Pension plan contributions

  total $510,571 · program services $467,876 · management and general $31,172 · fundraising $11,523

• 9 · Other employee benefits

  total $1,587,574 · program services $1,435,256 · management and general $117,092 · fundraising $35,226

• 10 · Payroll taxes

  total $672,836 · program services $604,221 · management and general $53,827 · fundraising $14,788

• 11a · Fees: management

  total $7,707 · management and general $7,707

• 11b · Fees: legal

  total $37,208 · management and general $37,208

• 11c · Fees: accounting

  total $58,163 · management and general $58,163

• 11e · Fees: professional fundraising services

  total $15,592 · fundraising $15,592

• 11f · Fees: investment management

  total $4,947 · management and general $4,947

• 11g · Fees: other

  total $722,082 · program services $722,082

• 13 · Office expenses

  total $356,279 · program services $345,591 · management and general $10,688

• 14 · Information technology

  total $585,557 · program services $567,990 · management and general $17,567

• 16 · Occupancy

  total $1,964,020 · program services $1,905,100 · management and general $58,920

• 17 · Travel

  total $481,095 · program services $466,662 · management and general $14,433

• 19 · Conferences, conventions and meetings

  total $54,563 · program services $52,926 · management and general $1,637

• 20 · Interest

  total $353,818 · program services $343,203 · management and general $10,615

• 22 · Depreciation, depletion and amortization

  total $986,011 · program services $956,431 · management and general $29,580

• 23 · Insurance

  total $147,755 · program services $143,322 · management and general $4,433

• 24a · Other expenses: FOOD SERVICES

  total $716,560 · program services $716,560

• 24b · Other expenses: PROGRAM SUPPLIES

  total $540,569 · program services $540,569

• 24c · Other expenses: ADMINISTRATIVE CHARGES

  total $201,862 · management and general $201,862

• 24d · Other expenses: FISCAL OPERATIONS

  total $170,341 · management and general $170,341

• 24e · All other expenses

  total $416,678 · program services $407,666 · management and general $9,012

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,559,710 · end of year $6,468,570

• 2 · Savings and temporary cash investments

  beginning of year $565,558 · end of year $311,926

• 3 · Pledges and grants receivable

  beginning of year $2,059,652 · end of year $1,588,542

• 4 · Accounts receivable

  beginning of year $25,186 · end of year $45,739

• 9 · Prepaid expenses and deferred charges

  beginning of year $417,465 · end of year $508,423

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

  $24,034,175

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

  $6,585,584

• 10c · Land, buildings and equipment, net

  beginning of year $15,002,615 · end of year $17,448,591

• 11 · Investments: publicly traded securities

  beginning of year $439,385 · end of year $440,270

• 15 · Other assets

  beginning of year $661,157 · end of year $2,339,410

• 17 · Accounts payable and accrued expenses

  beginning of year $1,733,625 · end of year $3,016,530

• 19 · Deferred revenue

  beginning of year $141,959 · end of year $59,565

• 20 · Tax-exempt bond liabilities

  beginning of year $996,437 · end of year $787,336

• 23 · Secured mortgages and notes payable

  beginning of year $6,665,786 · end of year $5,313,699

• 25 · Other liabilities

  beginning of year $625,626 · end of year $2,605,649

• 27 · Net assets without donor restrictions

  beginning of year $2,347,739 · end of year $2,713,010

• 28 · Net assets with donor restrictions

  beginning of year $13,219,556 · end of year $14,655,682

The filer's explanations (Part III)

PART I, LINE 7

PART I. 4B. THE PRIOR EXECUTIVE DIRECTOR, MARCIA SPECTOR PARTICIPATED IN A SUPPLEMENTAL, NON-QUALIFIED, RETIREMENT PLAN AS FOLLOWS: EFFECTIVE NOVEMBER 1, 1999, THE ORGANIZATION ESTABLISHED A RABBI TRUST TO SET ASIDE FUNDS FOR KEY MANAGEMENT AS PART OF A DEFERRED COMPENSATION PLAN. UPON DIRECTION OF THE BOARD, FUNDS ARE ALLOWED TO BE PAID TO A TRUST FUND INVESTED AT THE DIRECTION OF THE TRUSTEE. THE ASSETS IN THE RABBI TRUST REMAIN SUBJECT TO THE CLAIMS OF CREDITORS OF THE ORGANIZATION AND ARE NOT THE PROPERTY OF THE PARTICIPANT AND ARE, THEREFORE, INCLUDED AS AN ASSET ON THE ORGANIZATION'S STATEMENT OF FINANCIAL POSITION. A LIABILITY FOR DEFERRED COMPENSATION OF THE SAME AMOUNT IS RECORDED ON THE STATEMENT OF FINANCIAL POSITION. INVESTMENT ASSETS ARE REPORTED AT FAIR VALUE, AND ACCORDINGLY, REALIZED AND UNREALIZED GAINS AND LOSSES ARE RECOGNIZED WITHIN THE ORGANIZATION'S FINANCIAL STATEMENTS WITHIN THE INVESTMENT INCOME LINE. THE CHANGE TO THE DEFERRED COMPENSATION LIABILITY IS ACCOUNTED FOR AS GENERAL AND ADMINISTRATIVE COMPENSATION EXPENSE. THE NET EFFECT OF ANY CHANGE TO THE ASSET AND CORRESPONDING LIABILITY IS OFFSET AND HAS NO IMPACT ON THE CHANGE IN NET ASSETS. AT JUNE 30, 2025, THE BALANCE OF THE ORGANIZATION'S DEFERRED COMPENSATION PLAN WAS $303,108. EFFECTIVE JULY 1, 2024, THE DEFERRED COMPENSATION WILL BE PAID OUT OVER 60 MONTHS. PART I. 7. MERIT PAY IS PROVIDED TO EMPLOYEES WHEN THEY HAVE EXCEEDED THEIR EXPECTED ROLE.