Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $4,586

• 1e · Government grants (contributions)

  $22,324,469

• 1f · All other contributions, gifts and grants

  $1,026,066

• 2a · Program service revenue: STUDENT ACTIVITY FEES

  total $61,524 · related or exempt $61,524

• 2b · Program service revenue: ADMISSIONS

  total $31,688 · related or exempt $31,688

• 2c · Program service revenue: BOOKSTORE

  total $11,417 · related or exempt $11,417

• 2d · Program service revenue: LUNCH SALES

  total $5,254 · related or exempt $5,254

• 2e · Program service revenue: OTHER

  total $2,169 · related or exempt $2,169

• 3 · Investment income

  total $413,136 · excluded $413,136

• 6a · Gross rents

  real property $83,436

• 6c · Rental income or loss

  real property $83,436

• 6d · Net rental income or loss

  total $83,436 · excluded $83,436

• 8a · Fundraising events: gross income

  $7,966

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

  $4,586

• 8b · Fundraising events: direct expenses

  $4,939

• 8c · Net income from fundraising events

  total $3,027 · excluded $3,027

• 11a · Other revenue: INSURANCE RECOVERIES

  total $310,157 · excluded $310,157

• 11b · Other revenue: PURCHASING REBATES

  total $3,048 · excluded $3,048

• 11e · Other revenue, total

  $313,205

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $421,981 · program services $198,819 · management and general $223,162

• 7 · Other salaries and wages

  total $13,918,970 · program services $11,446,359 · management and general $2,472,611

• 8 · Pension plan contributions

  total $936,686 · program services $755,645 · management and general $181,041

• 9 · Other employee benefits

  total $1,566,002 · program services $1,246,966 · management and general $319,036

• 10 · Payroll taxes

  total $1,132,163 · program services $916,698 · management and general $215,465

• 11a · Fees: management

  total $394,832 · program services $373,187 · management and general $21,645

• 11b · Fees: legal

  total $14,203 · program services $8,956 · management and general $5,247

• 11c · Fees: accounting

  total $47,357 · management and general $47,357

• 11g · Fees: other

  total $2,087,099 · program services $2,030,109 · management and general $56,990

• 12 · Advertising and promotion

  total $17,427 · program services $17,111 · management and general $316

• 13 · Office expenses

  total $93,327 · program services $55,750 · management and general $37,577

• 14 · Information technology

  total $671,648 · program services $625,626 · management and general $46,022

• 16 · Occupancy

  total $668,567 · program services $135,442 · management and general $533,125

• 17 · Travel

  total $204,669 · program services $195,623 · management and general $9,046

• 20 · Interest

  total $193,444 · program services $193,444

• 22 · Depreciation, depletion and amortization

  total $1,012,769 · program services $911,492 · management and general $101,277

• 24a · Other expenses: SUPPLIES AND MATERIALS

  total $630,422 · program services $444,051 · management and general $186,371

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $325,120 · program services $292,608 · management and general $32,512

• 24c · Other expenses: FIELD TRIPS

  total $59,175 · program services $58,881 · management and general $294

• 24d · Other expenses: ATHLETICS

  total $47,432 · program services $47,432

• 24e · All other expenses

  total $279,979 · program services $215,750 · management and general $64,229

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,956,527 · end of year $2,424,965

• 2 · Savings and temporary cash investments

  beginning of year $7,635,165 · end of year $8,735,510

• 3 · Pledges and grants receivable

  beginning of year $1,198,146 · end of year $310,743

• 4 · Accounts receivable

  beginning of year $4,744

• 9 · Prepaid expenses and deferred charges

  beginning of year $104,686 · end of year $55,057

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

  $6,056,890

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

  $2,733,673

• 10c · Land, buildings and equipment, net

  beginning of year $3,578,486 · end of year $3,323,217

• 15 · Other assets

  beginning of year $3,305,868 · end of year $2,809,988

• 17 · Accounts payable and accrued expenses

  beginning of year $1,374,927 · end of year $1,264,974

• 19 · Deferred revenue

  beginning of year $81,323 · end of year $48,481

• 23 · Secured mortgages and notes payable

  beginning of year $1,668,878 · end of year $1,572,733

• 25 · Other liabilities

  beginning of year $3,396,691 · end of year $2,954,784

• 27 · Net assets without donor restrictions

  beginning of year $11,406,984 · end of year $10,852,356

• 28 · Net assets with donor restrictions

  beginning of year $854,819 · end of year $966,152

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

CHARLES RATTERREE 40,000 0 0

SCHEDULE J, PART III

FORMER COO CHARLES RATTERREE WAS TERMINATED FROM HIS POSITION IN JUNE 2024. AS PART OF THE TERMINATION AGREEMENT, HE AND THE ORGANIZATION AGREED TO A ONE TIME SEVERANCE PAYMENT OF 40,000 PAID IN AUGUST 2024.