Form 990 for tax year 2023

1e · Government grants (contributions)

$168,270

1f · All other contributions, gifts and grants

$1,933,357

2a · Program service revenue: STUDENT TUITION AND FEES

total $12,171,058 · related or exempt $12,171,058

2b · Program service revenue: ROOM AND BOARD-STUDENTS

total $3,996,413 · related or exempt $3,996,413

3 · Investment income

total $304,551 · excluded $304,551

6a · Gross rents

real property $129,744

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $129,744

6d · Net rental income or loss

total $129,744 · excluded $129,744

7a · Gross sales of assets other than inventory

securities $5,606,709

7b · Less cost or other basis and sales expenses

securities $5,589,219

7c · Gain or loss

securities $17,490

7d · Net gain or loss

total $17,490 · excluded $17,490

11a · Other revenue: REBATES

total $114,000 · excluded $114,000

11b · Other revenue: COMMISSIONS

total $59,189 · excluded $59,189

11c · Other revenue: INSURANCE PROCEEDS

total $27,681 · excluded $27,681

11d · All other revenue

total $10,706 · excluded $10,706

11e · Other revenue, total

$211,576

2 · Grants to domestic individuals

total $4,579,162 · program services $4,579,162

5 · Compensation of officers, directors and key employees

total $532,548 · program services $378,346 · management and general $139,096 · fundraising $15,106

7 · Other salaries and wages

total $6,838,015 · program services $4,858,043 · management and general $1,786,015 · fundraising $193,957

8 · Pension plan contributions

total $218,528 · program services $155,252 · management and general $57,077 · fundraising $6,199

9 · Other employee benefits

total $1,152,734 · program services $818,956 · management and general $301,082 · fundraising $32,696

10 · Payroll taxes

total $554,595 · program services $394,010 · management and general $144,854 · fundraising $15,731

11b · Fees: legal

total $37,896 · management and general $37,896

11c · Fees: accounting

total $111,147 · management and general $111,147

11f · Fees: investment management

total $78,730 · management and general $78,730

11g · Fees: other

total $2,325,493 · program services $1,901,520 · management and general $330,099 · fundraising $93,874

12 · Advertising and promotion

total $105,175 · program services $36,741 · management and general $56,925 · fundraising $11,509

13 · Office expenses

total $651,931 · program services $259,116 · management and general $388,458 · fundraising $4,357

14 · Information technology

total $860,082 · program services $42,631 · management and general $817,451

16 · Occupancy

total $581,917 · program services $224,069 · management and general $357,848

17 · Travel

total $14,286 · program services $13,139 · fundraising $1,147

19 · Conferences, conventions and meetings

total $12,300 · program services $5,823 · management and general $4,457 · fundraising $2,020

20 · Interest

total $1,166,493 · program services $782,883 · management and general $383,610

22 · Depreciation, depletion and amortization

total $901,241 · program services $717,772 · management and general $183,469

23 · Insurance

total $490,298 · program services $490,298

24a · Other expenses: FOOD

total $1,398,314 · program services $1,398,314

24b · Other expenses: ATHLETICS

total $219,011 · program services $219,011

24c · Other expenses: OTHER PROGRAM COSTS

total $218,984 · program services $140,524 · management and general $28,501 · fundraising $49,959

24d · Other expenses: REPAIRS & MAINTENANCE

total $186,094 · program services $47,976 · management and general $138,118

24e · All other expenses

total $412,261 · program services $272,018 · management and general $140,243

1 · Cash, non-interest-bearing

beginning of year $670,076 · end of year $699,960

2 · Savings and temporary cash investments

beginning of year $172,030 · end of year $592,640

3 · Pledges and grants receivable

beginning of year $2,418,617 · end of year $2,367,590

4 · Accounts receivable

beginning of year $2,016,417 · end of year $2,263,861

8 · Inventories for sale or use

beginning of year $144,170 · end of year $177,634

9 · Prepaid expenses and deferred charges

beginning of year $244,066 · end of year $329,082

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

$60,820,923

10b · Land, buildings and equipment: accumulated depreciation

$32,222,235

10c · Land, buildings and equipment, net

beginning of year $29,207,404 · end of year $28,598,688

11 · Investments: publicly traded securities

beginning of year $16,362,024 · end of year $12,593,164

13 · Investments: program-related

beginning of year $116,006 · end of year $116,006

15 · Other assets

beginning of year $11,962,964 · end of year $11,890,431

17 · Accounts payable and accrued expenses

beginning of year $2,028,185 · end of year $2,586,095

19 · Deferred revenue

beginning of year $631,341 · end of year $616,584

23 · Secured mortgages and notes payable

beginning of year $18,066,519 · end of year $16,142,361

24 · Unsecured notes and loans payable

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

25 · Other liabilities

beginning of year $11,977,797 · end of year $11,646,589

27 · Net assets without donor restrictions

beginning of year $6,424,331 · end of year $5,944,041

28 · Net assets with donor restrictions

beginning of year $23,185,601 · end of year $20,693,386