Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $78,069

• 1e · Government grants (contributions)

  $421,352

• 1f · All other contributions, gifts and grants

  $9,425,387

• 1g · Noncash contributions included above

  $547,934

• 2a · Program service revenue: TUITION & FEES

  total $17,426,749 · related or exempt $17,426,749

• 2b · Program service revenue: HOUSING & MEALS

  total $1,950,417 · related or exempt $1,950,417

• 2c · Program service revenue: SUMMER SCHOOL PROGRAMS

  total $493,754 · related or exempt $493,754

• 3 · Investment income

  total $1,353,366 · excluded $1,353,366

• 6a · Gross rents

  real property $119,248

• 6b · Less rental expenses

  real property $53,502

• 6c · Rental income or loss

  real property $65,746

• 6d · Net rental income or loss

  total $65,746 · unrelated business $65,746

• 7a · Gross sales of assets other than inventory

  securities $5,272,405

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

  securities $5,272,405

• 10a · Gross sales of inventory

  $1,139,279

• 10b · Cost of goods sold

  $544,466

• 10c · Net income from sales of inventory

  total $594,813 · related or exempt $594,813

• 11a · Other revenue: MUSEUM INCOME

  total $130,087 · related or exempt $130,087

• 11e · Other revenue, total

  $130,087

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $11,546,450 · program services $11,546,450

• 5 · Compensation of officers, directors and key employees

  total $812,959 · management and general $812,959

• 7 · Other salaries and wages

  total $8,913,306 · program services $7,626,923 · management and general $783,937 · fundraising $502,446

• 8 · Pension plan contributions

  total $536,050 · program services $421,268 · management and general $84,325 · fundraising $30,457

• 9 · Other employee benefits

  total $1,402,912 · program services $1,102,511 · management and general $220,690 · fundraising $79,711

• 10 · Payroll taxes

  total $657,826 · program services $516,968 · management and general $103,481 · fundraising $37,377

• 11a · Fees: management

  total $134,113 · program services $134,113

• 11f · Fees: investment management

  total $758,148 · management and general $758,148

• 11g · Fees: other

  total $148,751 · management and general $134,238 · fundraising $14,513

• 12 · Advertising and promotion

  total $59,468 · program services $52,743 · fundraising $6,725

• 13 · Office expenses

  total $200,011 · program services $111,385 · management and general $26,511 · fundraising $62,115

• 14 · Information technology

  total $84,394 · program services $38,222 · management and general $22,925 · fundraising $23,247

• 16 · Occupancy

  total $106,153 · program services $96,796 · management and general $9,357

• 17 · Travel

  total $158,528 · program services $92,913 · management and general $60,968 · fundraising $4,647

• 19 · Conferences, conventions and meetings

  total $305,322 · program services $16,724 · management and general $13,449 · fundraising $275,149

• 20 · Interest

  total $432,849 · program services $432,849

• 22 · Depreciation, depletion and amortization

  total $2,214,968 · program services $1,882,723 · management and general $221,497 · fundraising $110,748

• 23 · Insurance

  total $521,039 · management and general $521,039

• 24a · Other expenses: BUILDING & GROUNDS

  total $1,568,381 · program services $1,333,124 · management and general $156,838 · fundraising $78,419

• 24b · Other expenses: SUPPLIES

  total $799,876 · program services $778,011 · management and general $19,676 · fundraising $2,189

• 24c · Other expenses: FOOD SERVICES

  total $419,119 · program services $419,119

• 24d · Other expenses: UTILITIES

  total $388,091 · program services $388,091

• 24e · All other expenses

  total $2,503,265 · program services $1,605,756 · management and general $728,812 · fundraising $168,697

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $431,836 · end of year $66,801

• 2 · Savings and temporary cash investments

  beginning of year $8,191,764 · end of year $7,794,616

• 3 · Pledges and grants receivable

  beginning of year $1,753,167 · end of year $2,141,901

• 4 · Accounts receivable

  beginning of year $259,727 · end of year $119,914

• 5 · Loans and receivables from officers and key people

  beginning of year $113,781

• 7 · Other notes and loans receivable

  beginning of year $67,259 · end of year $56,217

• 8 · Inventories for sale or use

  beginning of year $20,724 · end of year $24,987

• 9 · Prepaid expenses and deferred charges

  beginning of year $274,572 · end of year $321,453

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

  $89,795,249

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

  $32,574,210

• 10c · Land, buildings and equipment, net

  beginning of year $55,926,235 · end of year $57,221,039

• 11 · Investments: publicly traded securities

  beginning of year $83,065,669 · end of year $87,860,593

• 15 · Other assets

  beginning of year $118,082 · end of year $114,601

• 17 · Accounts payable and accrued expenses

  beginning of year $1,635,296 · end of year $1,168,030

• 19 · Deferred revenue

  beginning of year $599,487 · end of year $468,589

• 20 · Tax-exempt bond liabilities

  beginning of year $12,145,000 · end of year $14,760,000

• 23 · Secured mortgages and notes payable

  beginning of year $2,496,000 · end of year $1,792,000

• 25 · Other liabilities

  beginning of year $1,211,362 · end of year $1,219,950

• 27 · Net assets without donor restrictions

  beginning of year $54,769,773 · end of year $52,479,351

• 28 · Net assets with donor restrictions

  beginning of year $77,365,898 · end of year $83,834,202

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1B

THE PRESIDENT'S HOUSING PROVIDED WAS PART OF THE NEGOTIATED EMPLOYMENT CONTRACT. NO FURTHER SUBSTANTIATION REQUIRED.