Form 990 for tax year 2024

1b · Membership dues

$2,038,663

1f · All other contributions, gifts and grants

$7,631,620

1g · Noncash contributions included above

$439,500

3 · Investment income

total $64,761 · related or exempt $64,761

7a · Gross sales of assets other than inventory

other assets $15,000

7b · Less cost or other basis and sales expenses

other assets $24,067

7c · Gain or loss

other assets -$9,067

7d · Net gain or loss

total -$9,067 · related or exempt -$9,067

8a · Fundraising events: gross income

$245,563

8b · Fundraising events: direct expenses

$118,449

8c · Net income from fundraising events

total $127,114 · excluded $127,114

11a · Other revenue: MISCELLANEOUS INCOME

total $18,800 · related or exempt $18,800

11e · Other revenue, total

$18,800

5 · Compensation of officers, directors and key employees

total $129,703 · program services $129,703

11c · Fees: accounting

total $21,014 · program services $4,833 · management and general $11,348 · fundraising $4,833

12 · Advertising and promotion

total $15,609 · program services $7,490 · fundraising $8,119

13 · Office expenses

total $3,700 · program services $852 · management and general $1,998 · fundraising $850

17 · Travel

total $38,428 · program services $8,839 · management and general $20,750 · fundraising $8,839

22 · Depreciation, depletion and amortization

total $261,712 · program services $261,712

23 · Insurance

total $4,955 · program services $1,139 · management and general $2,676 · fundraising $1,140

24a · Other expenses: SUPPORT TO THE COLLEGE

total $5,530,990 · program services $5,530,990

24b · Other expenses: CONTRACTED LABOR

total $564,186 · program services $29,891 · management and general $367,761 · fundraising $166,534

24c · Other expenses: CREDIT LOSSES

total $475,100 · management and general $475,100

24d · Other expenses: MEMBERSHIP BENEFITS AND

total $157,741 · program services $157,741

24e · All other expenses

total $271,642 · program services $59,745 · management and general $132,200 · fundraising $79,697

1 · Cash, non-interest-bearing

beginning of year $1,984,652 · end of year $1,621,310

2 · Savings and temporary cash investments

beginning of year $1,230,148 · end of year $1,372,046

4 · Accounts receivable

beginning of year $40,895 · end of year $54,425

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

$1,979,676

10b · Land, buildings and equipment: accumulated depreciation

$952,137

10c · Land, buildings and equipment, net

beginning of year $876,818 · end of year $1,027,539

15 · Other assets

beginning of year $297,000 · end of year $2,921,381

17 · Accounts payable and accrued expenses

beginning of year $71,828 · end of year $251,759

19 · Deferred revenue

beginning of year $1,914,515 · end of year $1,867,846

25 · Other liabilities

beginning of year $89,703 · end of year $126,518

27 · Net assets without donor restrictions

beginning of year $801,430 · end of year $517,694

28 · Net assets with donor restrictions

beginning of year $1,552,037 · end of year $4,232,884