Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $673,439

• 1f · All other contributions, gifts and grants

  $2,344,152

• 1g · Noncash contributions included above

  $115,680

• 2a · Program service revenue: Tuition & Fees

  total $3,529,849 · related or exempt $3,529,849

• 2b · Program service revenue: Auxiliary

  total $717 · related or exempt $717

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $8,678 · excluded $8,678

• 5 · Royalties

  total $944 · excluded $944

• 6a · Gross rents

  real property $80,615

• 6c · Rental income or loss

  real property $80,615 · personal property $0

• 6d · Net rental income or loss

  total $80,615 · excluded $80,615

• 7c · Gain or loss

  securities $0 · other assets $0

• 11d · All other revenue

  total $63,043 · related or exempt $0 · unrelated business $0 · excluded $63,043

• 11e · Other revenue, total

  $63,043

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,690,073 · program services $1,690,073

• 5 · Compensation of officers, directors and key employees

  total $771,055 · management and general $771,055

• 7 · Other salaries and wages

  total $1,114,649 · program services $793,850 · management and general $320,799

• 9 · Other employee benefits

  total $86,529 · program services $15,430 · management and general $71,099

• 10 · Payroll taxes

  total $197,719 · program services $45,103 · management and general $152,616

• 11b · Fees: legal

  total $32,894 · management and general $32,894

• 11c · Fees: accounting

  total $37,251 · management and general $37,251

• 11d · Fees: lobbying

  total $3,000 · management and general $3,000

• 11f · Fees: investment management

  total $3,123 · management and general $3,123

• 11g · Fees: other

  total $325,045 · program services $61,020 · management and general $240,430 · fundraising $23,595

• 12 · Advertising and promotion

  total $17,078 · program services $7,155 · management and general $9,923

• 13 · Office expenses

  total $21,731 · program services $609 · management and general $21,122

• 14 · Information technology

  total $28,766 · management and general $28,766

• 16 · Occupancy

  total $247,560 · program services $38,555 · management and general $209,005

• 17 · Travel

  total $37,044 · program services $15,935 · management and general $21,109

• 22 · Depreciation, depletion and amortization

  total $94,128 · program services $33,887 · management and general $60,241

• 23 · Insurance

  total $108,401 · program services $39,024 · management and general $69,377

• 24a · Other expenses: Bad Debt Expense

  total $91,486 · management and general $91,486

• 24b · Other expenses: Dues and Memberships

  total $76,594 · program services $6,250 · management and general $70,344

• 24c · Other expenses: Supplies and Materials

  total $56,638 · program services $28,513 · management and general $28,125

• 24e · All other expenses

  total $32,631 · program services $1,563 · management and general $31,068 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,868,857 · end of year $2,303,833

• 2 · Savings and temporary cash investments

  beginning of year $49,425 · end of year $717,684

• 3 · Pledges and grants receivable

  beginning of year $11,594 · end of year $91,966

• 4 · Accounts receivable

  beginning of year $96,739 · end of year $160,418

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $74,783 · end of year $135,374

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

  $5,358,615

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

  $2,277,133

• 10c · Land, buildings and equipment, net

  beginning of year $3,024,562 · end of year $3,081,482

• 11 · Investments: publicly traded securities

  beginning of year $292,756 · end of year $643,396

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $293,893 · end of year $92,650

• 17 · Accounts payable and accrued expenses

  beginning of year $116,389 · end of year $188,150

• 18 · Grants payable

  beginning of year $73,670

• 22 · Loans and payables to officers and key people

  end of year $0

• 25 · Other liabilities

  beginning of year $0 · end of year $564,468

• 27 · Net assets without donor restrictions

  beginning of year $5,268,018 · end of year $5,606,587

• 28 · Net assets with donor restrictions

  beginning of year $254,532 · end of year $867,598

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

Dr. Kevin James, President, receives a housing allowance as a taxable benefit.

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

Dr. Kevin James, President, receives a social club membership as a non-taxable benefit for bona fide business purposes.