Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $40,500

• 1f · All other contributions, gifts and grants

  $202,594

• 1g · Noncash contributions included above

  $14,652

• 2a · Program service revenue: TUITION

  total $1,500,582 · related or exempt $1,500,582

• 2b · Program service revenue: CUSTOM TRAINING

  total $934,612 · related or exempt $934,612

• 2c · Program service revenue: OTHER SALES

  total $597,792 · related or exempt $597,792

• 3 · Investment income

  total $437 · excluded $437

• 7a · Gross sales of assets other than inventory

  other assets $6,200

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

  other assets $0

• 7c · Gain or loss

  other assets $6,200

• 7d · Net gain or loss

  total $6,200 · related or exempt $6,200

• 10a · Gross sales of inventory

  $173,873

• 10b · Cost of goods sold

  $121,492

• 10c · Net income from sales of inventory

  total $52,381 · related or exempt $52,381

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $1,794 · excluded $1,794

• 11e · Other revenue, total

  $1,794

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $7,600 · program services $7,600

• 5 · Compensation of officers, directors and key employees

  total $502,833 · management and general $502,833

• 7 · Other salaries and wages

  total $103,763 · management and general $103,763

• 9 · Other employee benefits

  total $48,253 · management and general $48,253

• 10 · Payroll taxes

  total $42,344 · management and general $42,344

• 11c · Fees: accounting

  total $21,335 · management and general $21,335

• 11g · Fees: other

  total $7,858 · management and general $7,858

• 12 · Advertising and promotion

  total $14,541 · management and general $14,541

• 13 · Office expenses

  total $68,642 · program services $16,019 · management and general $52,623

• 14 · Information technology

  total $268,971 · program services $242,074 · management and general $26,897

• 16 · Occupancy

  total $83,097 · program services $74,787 · management and general $8,310

• 17 · Travel

  total $6,246 · management and general $6,246

• 19 · Conferences, conventions and meetings

  total $34,453 · program services $15,232 · management and general $19,221

• 20 · Interest

  total $1,394 · management and general $1,394

• 22 · Depreciation, depletion and amortization

  total $29,305 · program services $26,375 · management and general $2,930

• 23 · Insurance

  total $36,418 · program services $30,222 · management and general $6,196

• 24a · Other expenses: INDIRECT COSTS

  total $1,014,426 · program services $1,014,426

• 24b · Other expenses: OTHER DIRECT COSTS

  total $880,223 · program services $880,223

• 24c · Other expenses: INSTRUCTORS' STIPEND

  total $379,694 · program services $379,694

• 24d · Other expenses: NORTHLAKE TUITION

  total $248,478 · program services $248,478

• 24e · All other expenses

  total $59,220 · program services $18,159 · management and general $41,061

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $501,408 · end of year $140,641

• 4 · Accounts receivable

  beginning of year $1,534,574 · end of year $1,278,967

• 8 · Inventories for sale or use

  beginning of year $25,252 · end of year $30,488

• 9 · Prepaid expenses and deferred charges

  beginning of year $42,958 · end of year $35,663

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

  $471,725

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

  $417,303

• 10c · Land, buildings and equipment, net

  beginning of year $81,627 · end of year $54,422

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $15,494

• 15 · Other assets

  beginning of year $380,670 · end of year $321,707

• 17 · Accounts payable and accrued expenses

  beginning of year $1,415,820 · end of year $1,127,552

• 19 · Deferred revenue

  beginning of year $29,747 · end of year $25,133

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $225,000

• 25 · Other liabilities

  beginning of year $423,494 · end of year $356,908

• 27 · Net assets without donor restrictions

  beginning of year $697,428 · end of year $142,789

The filer's explanations (Part III)

PART I, LINE 3

POLICIES - PROCESS OF DETERMINING CEO/EXECUTIVE DIRECTOR COMPENSATION THE EXECUTIVE BOARD MEMBERS DETERMINE AND APPROVE THE COMPENSATION AND/OR RAISES FOR THE EXECUTIVE DIRECTOR/PRESIDENT.