Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $265,585

• 1f · All other contributions, gifts and grants

  $3,734,378

• 1g · Noncash contributions included above

  $2,775,324

• 2a · Program service revenue: TUITION

  total $31,225,987 · related or exempt $31,225,987

• 2b · Program service revenue: FEES

  total $678,629 · related or exempt $678,629

• 3 · Investment income

  total $234,937 · related or exempt $234,937

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

  other assets $2,898,854

• 7c · Gain or loss

  other assets -$2,898,854

• 7d · Net gain or loss

  total -$2,898,854 · related or exempt -$2,898,854

• 11a · Other revenue: OTHER INCOME

  total $124,382 · related or exempt $124,382

• 11e · Other revenue, total

  $124,382

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,212,158 · program services $800,024 · management and general $412,134

• 7 · Other salaries and wages

  total $20,422,104 · program services $19,347,343 · management and general $1,074,761

• 8 · Pension plan contributions

  total $131,337 · program services $91,143 · management and general $40,194

• 9 · Other employee benefits

  total $3,753,761 · program services $3,276,843 · management and general $476,918

• 10 · Payroll taxes

  total $1,734,455 · program services $1,608,942 · management and general $125,513

• 11b · Fees: legal

  total $112,833 · management and general $112,833

• 11c · Fees: accounting

  total $37,500 · management and general $37,500

• 11g · Fees: other

  total $166,578 · program services $100,219 · management and general $66,359

• 12 · Advertising and promotion

  total $955,400 · program services $890,329 · management and general $65,071

• 13 · Office expenses

  total $166,819 · program services $143,422 · management and general $23,397

• 14 · Information technology

  total $749,113 · program services $560,960 · management and general $188,153

• 16 · Occupancy

  total $4,657,775 · program services $4,650,305 · management and general $7,470

• 20 · Interest

  total $342,244 · management and general $342,244

• 22 · Depreciation, depletion and amortization

  total $186,654 · program services $186,654

• 23 · Insurance

  total $61,359 · program services $61,359

• 24a · Other expenses: FOOD SERVICE

  total $1,527,489 · program services $1,527,489

• 24b · Other expenses: CLASSROOM

  total $835,959 · program services $828,997 · management and general $6,962

• 24c · Other expenses: STAFF RECRUITING AND SU

  total $645,814 · program services $569,273 · management and general $76,541

• 24d · Other expenses: MERCHANT PROCESSING FEE

  total $588,674 · program services $556,294 · management and general $32,380

• 24e · All other expenses

  total $1,019,904 · program services $761,741 · management and general $235,611 · fundraising $22,552

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,544,471 · end of year $3,885,865

• 2 · Savings and temporary cash investments

  beginning of year $2,668,331 · end of year $531,906

• 4 · Accounts receivable

  beginning of year $670,096 · end of year $1,165,695

• 6 · Loans and receivables from disqualified persons

  beginning of year $18,560 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $252,806 · end of year $198,794

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

  $1,886,395

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

  $1,445,880

• 10c · Land, buildings and equipment, net

  beginning of year $627,169 · end of year $440,515

• 15 · Other assets

  beginning of year $4,062,291 · end of year $794,495

• 17 · Accounts payable and accrued expenses

  beginning of year $370,108 · end of year $1,264,212

• 19 · Deferred revenue

  end of year $360,165

• 22 · Loans and payables to officers and key people

  beginning of year $190,000 · end of year $190,000

• 23 · Secured mortgages and notes payable

  beginning of year $104,247 · end of year $85,385

• 24 · Unsecured notes and loans payable

  beginning of year $5,239,866 · end of year $3,786,113

• 25 · Other liabilities

  beginning of year $1,254,854 · end of year $1,589,632

• 27 · Net assets without donor restrictions

  beginning of year $5,382,683 · end of year -$498,119

• 28 · Net assets with donor restrictions

  beginning of year $301,966 · end of year $239,882

The filer's explanations (Part III)

SCHEDULE J, PART II, COLUMN (B)(II)

BONUSES ARE BASED UPON ENROLLMENT, SPIRITUAL IMPACT, AND OPERATING RESULTS.