Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $90,774

• 2a · Program service revenue: TUITION

  total $4,811,175 · related or exempt $4,811,175

• 2b · Program service revenue: REGISTRATION FEES

  total $262,850 · related or exempt $262,850

• 2c · Program service revenue: OTHER FEES

  total $74,785 · related or exempt $74,785

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

  total $67,540 · related or exempt $67,540

• 2e · Program service revenue: SWAG SALES

  total $2,225 · related or exempt $2,225

• 3 · Investment income

  total $191,895 · excluded $191,895

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $849,822 · program services $602,285 · management and general $247,537

• 7 · Other salaries and wages

  total $519,199 · program services $487,085 · management and general $32,114

• 8 · Pension plan contributions

  total $8,746 · program services $7,140 · management and general $1,606

• 9 · Other employee benefits

  total $44,709 · program services $37,417 · management and general $7,292

• 10 · Payroll taxes

  total $67,073 · program services $53,337 · management and general $13,736

• 11b · Fees: legal

  total $7,438 · program services $7,438

• 11c · Fees: accounting

  total $41,773 · management and general $41,773

• 11g · Fees: other

  total $98,962 · program services $79,170 · management and general $19,792

• 12 · Advertising and promotion

  total $129,100 · program services $129,100

• 13 · Office expenses

  total $6,211 · program services $4,969 · management and general $1,242

• 14 · Information technology

  total $36,249 · program services $28,999 · management and general $7,250

• 16 · Occupancy

  total $70,132 · program services $56,106 · management and general $14,026

• 22 · Depreciation, depletion and amortization

  total $511 · program services $409 · management and general $102

• 23 · Insurance

  total $7,499 · program services $5,999 · management and general $1,500

• 24a · Other expenses: SESSION ROOM AND BOARD

  total $1,249,924 · program services $1,249,924

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

  total $349,456 · program services $349,456

• 24c · Other expenses: DONATIONS

  total $271,125 · program services $271,125

• 24d · Other expenses: EXTENSION PROGRAM

  total $155,179 · program services $155,179

• 24e · All other expenses

  total $477,213 · program services $407,381 · management and general $69,832

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $345,723 · end of year $218,712

• 2 · Savings and temporary cash investments

  beginning of year $2,244,387 · end of year $3,142,726

• 4 · Accounts receivable

  beginning of year $64,949 · end of year $121,814

• 9 · Prepaid expenses and deferred charges

  beginning of year $84,237 · end of year $62,679

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

  $202,185

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

  $185,606

• 10c · Land, buildings and equipment, net

  end of year $16,579

• 11 · Investments: publicly traded securities

  beginning of year $2,679,437 · end of year $3,022,675

• 15 · Other assets

  beginning of year $191,813 · end of year $124,713

• 17 · Accounts payable and accrued expenses

  beginning of year $1,490,537 · end of year $1,522,869

• 25 · Other liabilities

  beginning of year $187,113 · end of year $120,013

• 27 · Net assets without donor restrictions

  beginning of year $3,932,896 · end of year $5,067,016

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 4

GRETCHEN CLAFLIN 0 57,299 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 $5,501,244 · assets $6,709,898

  Directly controlled by PBM INST