Totals
- Total revenue
- $771,692
- Total expenses
- $980,952
- Contributions and grants received
- $336,192
- Grants paid
- $336,192
- Program service revenue
- $388,724
- Investment income
- $46,776
- Other revenue
- $0
- Total assets, end of year
- $1,532,473
- Total liabilities, end of year
- $365,770
- Net assets or fund balances, end of year
- $1,166,703
- Program services expenses (Part IX)
- $896,453
- Management and general expenses
- $84,499
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $896,453
Program services were 91.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$336,192
-
2a · Program service revenue: TUITION
total $388,724 · related or exempt $388,724
-
3 · Investment income
total $46,776 · excluded $46,776
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $336,192 · program services $336,192
-
7 · Other salaries and wages
total $285,518 · program services $285,518
-
8 · Pension plan contributions
total $7,742 · program services $7,742
-
9 · Other employee benefits
total $8,519 · program services $8,519
-
10 · Payroll taxes
total $26,368 · program services $26,368
-
11g · Fees: other
total $172,063 · program services $141,588 · management and general $30,475
-
12 · Advertising and promotion
total $2,751 · management and general $2,751
-
14 · Information technology
total $59,637 · program services $59,637
-
16 · Occupancy
total $38,000 · management and general $38,000
-
17 · Travel
total $4,331 · management and general $4,331
-
22 · Depreciation, depletion and amortization
total $5,035 · management and general $5,035
-
24a · Other expenses: OTHER EXPENSES
total $32,782 · program services $28,875 · management and general $3,907
-
24b · Other expenses: COURSE MATERIAL AND STU
total $2,014 · program services $2,014
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $698,174 · end of year $792,261
-
4 · Accounts receivable
beginning of year $806
-
9 · Prepaid expenses and deferred charges
beginning of year $7,155 · end of year $16,147
-
10a · Land, buildings and equipment: cost or other basis
$25,174
-
10b · Land, buildings and equipment: accumulated depreciation
$14,802
-
10c · Land, buildings and equipment, net
beginning of year $15,407 · end of year $10,372
-
12 · Investments: other securities
beginning of year $747,037 · end of year $713,693
-
15 · Other assets
beginning of year $29,708 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $71,014 · end of year $78,212
-
19 · Deferred revenue
end of year $287,558
-
25 · Other liabilities
beginning of year $51,310 · end of year $0
-
27 · Net assets without donor restrictions
beginning of year $1,375,963 · end of year $1,166,703
Mission and programs · 2024
Mission
TO ESTABLISH, MAINTAIN, AND OPERATE A NONPROFIT COLLEGE, WHEREIN THE STUDY OF ARTS, SCIENCES, LITERATURE, MATHEMATICS, LIBERAL STUDIES AND RELATED SUBJECTS MAY BE TAUGHT, AND ADVANCED DEGREES GRANTED ACCORDING TO COURSES OF STUDY APPROVED BY THE BOARD OF DIRECTORS, AND SUCH OTHER ACTIVITIES THAT ARE IN FURTHERANCE OF THE EDUCATIONAL PURPOSES OF THE CORPORATION.
Activities or mission (Part I)
TO ESTABLISH, MAINTAIN, AND OPERATE A NONPROFIT COLLEGE, WHEREIN THE STUDY OF ARTS, SCIENCES, LITERATURE, MATHEMATICS, LIBERAL STUDIES AND RELATED SUBJECTS MAY BE TAUGHT.
-
STUDY OF ARTS, SCIENCES, LITERATURE, MATHEMATICS, LIBERAL STUDIES AND TO ESTABLISH, MAINTAIN, AND OPERATE A NONPROFIT COLLEGE, WHEREIN THE RELATED SUBJECTS MAY BE TAUGHT, AND ADVANCED DEGREES GRANTED, ACCORDING TO COURSES OF STUDY APPROVED BY THE BOARD OF DIRECTORS, AND SUCH OTHERACTIVITIES THAT ARE IN FURTHERANCE OF THE EDUCATIONAL PURPOSES OF THE CORPORATION.
Expenses $896,453 · Grants $336,192 · Revenue $388,724
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Aeriell WoodhamsAERIELL WOODHAMS
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Santarvis BrownSANTARVIS BROWN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frank CovaleskieFRANK COVALESKIE
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Julie GreenJULIE GREEN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jim GriffinJIM GRIFFIN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Norbert KreuzerNORBERT KREUZER
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Karin NewlinKARIN NEWLIN
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Aaron PriceAARON PRICE
BOARD DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 3 April 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630969349300533
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