Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $49,604

• 1e · Government grants (contributions)

  $2,886,998

• 1f · All other contributions, gifts and grants

  $2,815,138

• 2a · Program service revenue: Tuition and Fees

  total $58,230,176 · related or exempt $58,230,176

• 2b · Program service revenue: Student Room & Board

  total $6,549,986 · related or exempt $6,549,986

• 2c · Program service revenue: Other Program Service Revenue

  total $373,783 · related or exempt $373,783

• 2d · Program service revenue: Sports Camp

  total $26,353 · related or exempt $26,353

• 3 · Investment income

  total $2,142,804 · excluded $2,142,804

• 6a · Gross rents

  real property $217,514

• 6b · Less rental expenses

  real property $86,450

• 6c · Rental income or loss

  real property $131,064

• 6d · Net rental income or loss

  total $131,064 · excluded $131,064

• 7a · Gross sales of assets other than inventory

  securities $12,113,094

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

  securities $11,363,417

• 7c · Gain or loss

  securities $749,677

• 7d · Net gain or loss

  total $749,677 · excluded $749,677

• 8a · Fundraising events: gross income

  $30,449

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

  $49,604

• 8b · Fundraising events: direct expenses

  $55,885

• 8c · Net income from fundraising events

  total -$25,436 · excluded -$25,436

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $18,903,104 · program services $18,903,104

• 5 · Compensation of officers, directors and key employees

  total $967,096 · program services $585,045 · management and general $298,596 · fundraising $83,455

• 7 · Other salaries and wages

  total $17,555,272 · program services $16,466,996 · management and general $1,088,276

• 8 · Pension plan contributions

  total $438,053 · program services $425,623 · management and general $12,430

• 9 · Other employee benefits

  total $2,101,827 · program services $1,996,477 · management and general $105,350

• 10 · Payroll taxes

  total $1,401,324 · program services $1,314,454 · management and general $86,870

• 11a · Fees: management

  total $218,550 · management and general $218,550

• 11b · Fees: legal

  total $51,364 · management and general $51,364

• 11c · Fees: accounting

  total $59,200 · management and general $59,200

• 12 · Advertising and promotion

  total $448,542 · program services $178 · management and general $448,364

• 13 · Office expenses

  total $217,353 · program services $198,709 · management and general $17,122 · fundraising $1,522

• 14 · Information technology

  total $19,744 · management and general $19,744

• 16 · Occupancy

  total $6,611,591 · program services $4,359,482 · management and general $2,247,100 · fundraising $5,009

• 17 · Travel

  total $493,282 · program services $484,680 · management and general $8,599 · fundraising $3

• 19 · Conferences, conventions and meetings

  total $95,310 · program services $75,810 · management and general $10,714 · fundraising $8,786

• 20 · Interest

  total $1,851,268 · program services $1,807,854 · management and general $43,414

• 22 · Depreciation, depletion and amortization

  total $4,113,768 · program services $3,377,248 · management and general $736,520

• 23 · Insurance

  total $554,696 · program services $262,882 · management and general $291,814

• 24a · Other expenses: Contract Service Suppor

  total $3,912,352 · program services $2,057,798 · management and general $1,848,076 · fundraising $6,478

• 24b · Other expenses: Co-curricular & Support

  total $3,059,548 · program services $2,576,605 · management and general $457,650 · fundraising $25,293

• 24c · Other expenses: Student Board Plan

  total $2,079,251 · program services $2,079,251

• 24d · Other expenses: Contr Svcs - Religious

  total $884,163 · program services $429,278 · management and general $454,885

• 24e · All other expenses

  total $2,827,537 · program services $2,312,766 · management and general $466,463 · fundraising $48,308

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $252,255 · end of year $337,550

• 2 · Savings and temporary cash investments

  beginning of year $5,222,281 · end of year $9,710,982

• 3 · Pledges and grants receivable

  beginning of year $1,214,861 · end of year $3,007,928

• 4 · Accounts receivable

  beginning of year $2,478,558 · end of year $1,571,527

• 7 · Other notes and loans receivable

  beginning of year $147,133 · end of year $144,090

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,123,399 · end of year $1,434,018

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

  $138,350,837

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

  $47,056,908

• 10c · Land, buildings and equipment, net

  beginning of year $81,068,054 · end of year $91,293,929

• 11 · Investments: publicly traded securities

  beginning of year $59,188,849 · end of year $61,854,831

• 15 · Other assets

  beginning of year $1,217,862 · end of year $1,738,031

• 17 · Accounts payable and accrued expenses

  beginning of year $4,637,248 · end of year $3,467,846

• 18 · Grants payable

  beginning of year $390,905 · end of year $434,594

• 19 · Deferred revenue

  beginning of year $3,171,517 · end of year $3,551,979

• 20 · Tax-exempt bond liabilities

  beginning of year $42,685,493 · end of year $52,492,893

• 25 · Other liabilities

  beginning of year $405,948 · end of year $9,345

• 27 · Net assets without donor restrictions

  beginning of year $78,705,325 · end of year $85,178,047

• 28 · Net assets with donor restrictions

  beginning of year $21,916,816 · end of year $25,958,182

The filer's explanations (Part III)

Part I, Line 4a

Brian Ernsting received a severance package totaling $21,807. Susan Langlois received a severance package totaling $21,914.