Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $752,325

• 2a · Program service revenue: TUITION AND FEES

  total $1,329,280 · related or exempt $1,329,280

• 2b · Program service revenue: EDUCATION MATERIALS &

  total $282,295 · related or exempt $282,295

• 2c · Program service revenue: MISCELLANEOUS

  total $1,071 · related or exempt $1,071

• 3 · Investment income

  total $96,011 · related or exempt $96,011

• 6a · Gross rents

  real property $84,815

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $84,815

• 6d · Net rental income or loss

  total $84,815 · related or exempt $84,815

• 7a · Gross sales of assets other than inventory

  other assets $9,500

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

  other assets $0

• 7c · Gain or loss

  other assets $9,500

• 7d · Net gain or loss

  total $9,500 · related or exempt $9,500

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $392,935 · program services $392,935

• 10 · Payroll taxes

  total $30,059 · program services $30,059

• 11a · Fees: management

  total $659,478 · management and general $659,478

• 11b · Fees: legal

  total $472 · management and general $472

• 11c · Fees: accounting

  total $8,256 · management and general $8,256

• 11g · Fees: other

  total $143,840 · program services $143,840

• 13 · Office expenses

  total $38,906 · program services $31,056 · management and general $7,850

• 16 · Occupancy

  total $241,546 · program services $113,355 · management and general $128,191

• 17 · Travel

  total $40,426 · program services $23,197 · management and general $17,229

• 19 · Conferences, conventions and meetings

  total $4,826 · management and general $4,826

• 20 · Interest

  total $20,021 · program services $20,021

• 22 · Depreciation, depletion and amortization

  total $300,227 · program services $139,243 · management and general $160,984

• 23 · Insurance

  total $25,559 · management and general $25,559

• 24a · Other expenses: EDUCATIONAL MATERIALS

  total $265,087 · program services $265,087

• 24b · Other expenses: CRAFT CHAMPIONSHIPS

  total $49,705 · program services $49,705

• 24c · Other expenses: GRADUATION

  total $45,286 · program services $45,286

• 24d · Other expenses: BANK / CC FEES

  total $32,982 · management and general $32,982

• 24e · All other expenses

  total $54,699 · program services $14,217 · management and general $40,482

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $58,746 · end of year $84,473

• 2 · Savings and temporary cash investments

  beginning of year $2,757,971 · end of year $3,106,352

• 3 · Pledges and grants receivable

  beginning of year $774,583 · end of year $752,325

• 4 · Accounts receivable

  beginning of year $4,305 · end of year $2,474

• 9 · Prepaid expenses and deferred charges

  beginning of year $5,589 · end of year $3,952

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

  $4,247,087

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

  $1,444,361

• 10c · Land, buildings and equipment, net

  beginning of year $2,870,932 · end of year $2,802,726

• 14 · Intangible assets

  beginning of year $503,109 · end of year $363,866

• 17 · Accounts payable and accrued expenses

  beginning of year $113,074 · end of year $195,103

• 19 · Deferred revenue

  beginning of year $11,825 · end of year $1,744

• 25 · Other liabilities

  beginning of year $506,228 · end of year $374,226

• 27 · Net assets without donor restrictions

  beginning of year $6,338,118 · end of year $6,539,089

• 28 · Net assets with donor restrictions

  beginning of year $5,990 · end of year $6,006

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATION OF THE EXECUTIVE DIRECTOR AND VICE PRESIDENT IS ESTABLISHED ANNUALLY BY THE BOARD OF THE RELATED ORGANIZATION.