Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $158,137

• 1e · Government grants (contributions)

  $1,992,859

• 1f · All other contributions, gifts and grants

  $3,696,783

• 1g · Noncash contributions included above

  $43,768

• 2a · Program service revenue: TUITION AND FEES

  total $19,673,745 · related or exempt $19,673,745

• 2b · Program service revenue: AUXILIARY INCOME

  total $1,168,629 · related or exempt $1,168,629

• 3 · Investment income

  total $128,920 · excluded $128,920

• 6a · Gross rents

  real property $111,564

• 6b · Less rental expenses

  real property $18,384

• 6c · Rental income or loss

  real property $93,180

• 6d · Net rental income or loss

  total $93,180 · excluded $93,180

• 7a · Gross sales of assets other than inventory

  securities $48,982

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

  securities $49,607

• 7c · Gain or loss

  securities -$625

• 7d · Net gain or loss

  total -$625 · excluded -$625

• 8a · Fundraising events: gross income

  $229,794

• 8a · Fundraising events: contributions included on line 1c

  $158,137

• 8b · Fundraising events: direct expenses

  $164,327

• 8c · Net income from fundraising events

  total $65,467 · excluded $65,467

• 10a · Gross sales of inventory

  $450,412

• 10b · Cost of goods sold

  $422,377

• 10c · Net income from sales of inventory

  total $28,035 · unrelated business $28,035

• 11d · All other revenue

  total $4,433 · excluded $4,433

• 11e · Other revenue, total

  $4,433

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $34,490 · program services $34,490

• 2 · Grants to domestic individuals

  total $2,275,809 · program services $2,275,809

• 5 · Compensation of officers, directors and key employees

  total $418,010 · management and general $418,010

• 6 · Compensation of disqualified persons

  total $44,297 · program services $44,297

• 7 · Other salaries and wages

  total $10,125,746 · program services $8,200,999 · management and general $1,855,597 · fundraising $69,150

• 8 · Pension plan contributions

  total $266,389 · program services $213,727 · management and general $52,662

• 9 · Other employee benefits

  total $1,703,727 · program services $1,378,030 · management and general $325,697

• 10 · Payroll taxes

  total $809,649 · program services $640,674 · management and general $168,975

• 11b · Fees: legal

  total $15,721 · management and general $15,721

• 11c · Fees: accounting

  total $144,496 · management and general $144,496

• 11f · Fees: investment management

  total $1,256 · management and general $1,256

• 12 · Advertising and promotion

  total $65,891 · management and general $65,891

• 13 · Office expenses

  total $199,497 · management and general $199,497

• 14 · Information technology

  total $340,137 · program services $340,137

• 16 · Occupancy

  total $899,815 · program services $855,595 · management and general $44,220

• 17 · Travel

  total $166,584 · program services $166,584

• 19 · Conferences, conventions and meetings

  total $10,654 · management and general $10,654

• 20 · Interest

  total $233,237 · program services $233,237

• 22 · Depreciation, depletion and amortization

  total $970,926 · program services $970,926

• 23 · Insurance

  total $120,913 · management and general $120,913

• 24a · Other expenses: STUDENT ACTIVITIES

  total $2,020,191 · program services $2,020,191

• 24b · Other expenses: BLDG & BUS MAINTENANCE

  total $667,026 · program services $655,337 · management and general $11,689

• 24c · Other expenses: FUNDRAISING MATERIAL

  total $123,487 · fundraising $123,487

• 24e · All other expenses

  total $208,860 · program services $40,108 · management and general $168,752

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $549,336 · end of year $871,190

• 2 · Savings and temporary cash investments

  beginning of year $1,314,708 · end of year $1,655,444

• 4 · Accounts receivable

  beginning of year $154,307 · end of year $105,155

• 8 · Inventories for sale or use

  beginning of year $95,421 · end of year $142,670

• 9 · Prepaid expenses and deferred charges

  beginning of year $287,951 · end of year $334,617

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

  $32,617,274

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

  $15,823,365

• 10c · Land, buildings and equipment, net

  beginning of year $13,367,721 · end of year $16,793,909

• 11 · Investments: publicly traded securities

  beginning of year $2,063,280 · end of year $2,435,089

• 12 · Investments: other securities

  beginning of year $1,000 · end of year $1,000

• 15 · Other assets

  beginning of year $89,021 · end of year $363,628

• 17 · Accounts payable and accrued expenses

  beginning of year $1,498,996 · end of year $1,237,088

• 19 · Deferred revenue

  beginning of year $776,906 · end of year $1,098,790

• 22 · Loans and payables to officers and key people

  beginning of year $196,120

• 24 · Unsecured notes and loans payable

  beginning of year $1,960,926 · end of year $1,711,012

• 25 · Other liabilities

  beginning of year $4,333,546 · end of year $4,345,232

• 27 · Net assets without donor restrictions

  beginning of year $6,263,258 · end of year $11,417,587

• 28 · Net assets with donor restrictions

  beginning of year $2,892,993 · end of year $2,892,993

The filer's explanations (Part III)

PART I, LINE 1A

COMPENSATION FOR THE SUPERINTENDENT, TROY STAHL, INCLUDES AN ANNUAL TRAVEL ALLOWANCE FOR HIMSELF AND FAMILY. THIS IS GROSSED-UP FOR TAXES AND THE TOTAL AMOUNT IS FULLY TAXED IN HIS W-2.