Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: TUITION

  total $5,127,750 · related or exempt $5,127,750

• 2b · Program service revenue: REGISTRATION FEES

  total $260,750 · related or exempt $260,750

• 2c · Program service revenue: OTHER FEES

  total $71,710 · related or exempt $71,710

• 2d · Program service revenue: WEB CLASSES & SEMINARS

  total $61,317 · related or exempt $61,317

• 2e · Program service revenue: SWAG SALES

  total $5,799 · related or exempt $5,799

• 3 · Investment income

  total $302,026 · excluded $302,026

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,114,145 · program services $816,051 · management and general $298,094

• 7 · Other salaries and wages

  total $475,598 · program services $475,598

• 8 · Pension plan contributions

  total $16,959 · program services $16,959

• 9 · Other employee benefits

  total $78,177 · program services $78,177

• 10 · Payroll taxes

  total $83,774 · program services $70,014 · management and general $13,760

• 11b · Fees: legal

  total $7,675 · program services $7,675

• 11c · Fees: accounting

  total $47,143 · management and general $47,143

• 11g · Fees: other

  total $52,705 · program services $52,705

• 12 · Advertising and promotion

  total $156,019 · program services $156,019

• 13 · Office expenses

  total $11,317 · program services $9,280 · management and general $2,037

• 14 · Information technology

  total $52,370 · program services $42,943 · management and general $9,427

• 16 · Occupancy

  total $71,109 · program services $58,309 · management and general $12,800

• 22 · Depreciation, depletion and amortization

  total $2,783 · program services $2,282 · management and general $501

• 23 · Insurance

  total $8,018 · program services $6,575 · management and general $1,443

• 24a · Other expenses: SESSION ROOM AND BOARD

  total $1,294,164 · program services $1,294,164

• 24b · Other expenses: FACULTY, SPEAKERS & OTHER

  total $371,512 · program services $371,512

• 24c · Other expenses: DONATIONS

  total $220,000 · program services $220,000

• 24d · Other expenses: EXTENSION PROGRAM

  total $148,587 · program services $148,587

• 24e · All other expenses

  total $485,018 · program services $415,752 · management and general $69,266

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $218,712 · end of year $179,137

• 2 · Savings and temporary cash investments

  beginning of year $3,142,726 · end of year $3,812,298

• 4 · Accounts receivable

  beginning of year $121,814 · end of year $151,516

• 9 · Prepaid expenses and deferred charges

  beginning of year $62,679 · end of year $55,468

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

  $239,175

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

  $159,987

• 10c · Land, buildings and equipment, net

  beginning of year $16,579 · end of year $79,188

• 11 · Investments: publicly traded securities

  beginning of year $3,022,675 · end of year $3,580,081

• 15 · Other assets

  beginning of year $124,713 · end of year $57,378

• 17 · Accounts payable and accrued expenses

  beginning of year $1,522,869 · end of year $1,583,300

• 25 · Other liabilities

  beginning of year $120,013 · end of year $52,223

• 27 · Net assets without donor restrictions

  beginning of year $5,067,016 · end of year $6,279,543

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

GRETCHEN CLAFLIN 0 59,633 0

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• PACIFIC COAST BANKING SCHOOL LLC

  MANAGMENT · WA · income $5,829,352 · assets $7,915,066

  Directly controlled by PBM INST