Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $211

• 1e · Government grants (contributions)

  $170,604

• 1f · All other contributions, gifts and grants

  $427,551

• 1g · Noncash contributions included above

  $2,551

• 2a · Program service revenue: TUITION AND FEES

  total $24,623,716 · related or exempt $24,623,716

• 3 · Investment income

  total $209,988 · excluded $209,988

• 6a · Gross rents

  real property $113,189

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $113,189

• 6d · Net rental income or loss

  total $113,189 · excluded $113,189

• 7a · Gross sales of assets other than inventory

  securities $1,296,115 · other assets $26,140

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

  securities $1,240,864 · other assets $0

• 7c · Gain or loss

  securities $55,251 · other assets $26,140

• 7d · Net gain or loss

  total $81,391 · excluded $81,391

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $130,657 · excluded $130,657

• 11e · Other revenue, total

  $130,657

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $727,051 · program services $145,408 · management and general $581,643

• 7 · Other salaries and wages

  total $15,803,406 · program services $14,917,800 · management and general $885,606

• 8 · Pension plan contributions

  total $378,038 · program services $371,958 · management and general $6,080

• 9 · Other employee benefits

  total $1,476,661 · program services $1,404,527 · management and general $72,134

• 10 · Payroll taxes

  total $1,185,451 · program services $1,087,814 · management and general $97,637

• 11b · Fees: legal

  total $9,933 · management and general $9,933

• 11c · Fees: accounting

  total $104,718 · management and general $104,718

• 11f · Fees: investment management

  total $8,793 · management and general $8,793

• 11g · Fees: other

  total $999,545 · program services $531,617 · management and general $369,614 · fundraising $98,314

• 13 · Office expenses

  total $852,146 · program services $762,587 · management and general $88,659 · fundraising $900

• 14 · Information technology

  total $83,305 · program services $46,032 · management and general $31,231 · fundraising $6,042

• 16 · Occupancy

  total $1,853,152 · program services $1,776,650 · management and general $76,502

• 17 · Travel

  total $97,418 · program services $95,511 · management and general $1,882 · fundraising $25

• 19 · Conferences, conventions and meetings

  total $146,826 · program services $105,406 · management and general $35,370 · fundraising $6,050

• 22 · Depreciation, depletion and amortization

  total $1,268,102 · program services $1,250,573 · management and general $17,529

• 24a · Other expenses: STAFF SUPPORT

  total $146,636 · program services $101,363 · management and general $42,461 · fundraising $2,812

• 24b · Other expenses: EQUIPMENT

  total $99,134 · program services $40,204 · management and general $54,388 · fundraising $4,542

• 24c · Other expenses: SPECIAL ASSISTANCE

  total $54,773 · program services $53,786 · management and general $987

• 24d · Other expenses: MEMBERSHIP

  total $32,631 · program services $98 · management and general $27,533 · fundraising $5,000

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,963,065 · end of year $2,694,487

• 2 · Savings and temporary cash investments

  beginning of year $1,369,177 · end of year $3,062,460

• 4 · Accounts receivable

  beginning of year $1,533,587 · end of year $1,601,448

• 9 · Prepaid expenses and deferred charges

  beginning of year $244,325 · end of year $183,247

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

  $32,251,874

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

  $20,681,485

• 10c · Land, buildings and equipment, net

  beginning of year $10,953,312 · end of year $11,570,389

• 11 · Investments: publicly traded securities

  beginning of year $8,138,449 · end of year $7,045,234

• 15 · Other assets

  beginning of year $579,166 · end of year $297,434

• 17 · Accounts payable and accrued expenses

  beginning of year $134,266 · end of year $275,997

• 18 · Grants payable

  end of year $1,722,023

• 19 · Deferred revenue

  end of year $2,899

• 25 · Other liabilities

  beginning of year $600,134 · end of year $296,131

• 27 · Net assets without donor restrictions

  beginning of year $24,428,596 · end of year $23,560,627

• 28 · Net assets with donor restrictions

  beginning of year $618,085 · end of year $597,022

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD REVIEWED THE CEO COMPENSATION BASED ON A DETAILED SURVEY FOR SIMILAR SIZED NON-PROFIT ORGANIZATIONS AND DETERMINED AN APPROPRIATE SALARY COMMENSURATE WITH THE MARKET AVERAGE SALARY.

PART I, LINE 7

COMPENSATED INDIVIDUALS LISTED ON PART VII OF FORM 990 RECEIVED NON-FIXED BONUSES FOR THE CALENDAR YEAR ENDED DECEMBER 31, 2023.