Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $877,337

• 2a · Program service revenue: TUITION AND FEES

  total $40,372,708 · related or exempt $40,372,708

• 2b · Program service revenue: SALES AND SERVICE OF EDUCATIONAL

  total $738,877 · related or exempt $738,877

• 3 · Investment income

  total $1,248,628 · excluded $1,248,628

• 6a · Gross rents

  real property $38,861

• 6b · Less rental expenses

  real property $224,870

• 6c · Rental income or loss

  real property -$186,009

• 6d · Net rental income or loss

  total -$186,009 · unrelated business -$186,009

• 7a · Gross sales of assets other than inventory

  securities $9,436,481 · other assets $15,910

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

  securities $8,574,093 · other assets $3,216

• 7c · Gain or loss

  securities $862,388 · other assets $12,694

• 7d · Net gain or loss

  total $875,082 · excluded $875,082

• 11a · Other revenue: MISCELLANEOUS

  total $85,816 · excluded $85,816

• 11e · Other revenue, total

  $85,816

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $980,000 · program services $980,000

• 2 · Grants to domestic individuals

  total $1,040,932 · program services $1,040,932

• 3 · Grants to foreign organizations and individuals

  total $57,975 · program services $57,975

• 5 · Compensation of officers, directors and key employees

  total $3,378,821 · program services $1,556,206 · management and general $1,705,605 · fundraising $117,010

• 7 · Other salaries and wages

  total $18,816,063 · program services $16,468,370 · management and general $2,208,340 · fundraising $139,353

• 8 · Pension plan contributions

  total $827,236 · program services $677,006 · management and general $145,366 · fundraising $4,864

• 9 · Other employee benefits

  total $2,723,193 · program services $2,268,483 · management and general $433,409 · fundraising $21,301

• 10 · Payroll taxes

  total $1,533,254 · program services $1,264,090 · management and general $251,523 · fundraising $17,641

• 11b · Fees: legal

  total $51,951 · management and general $51,951

• 11c · Fees: accounting

  total $280,638 · management and general $280,638

• 11f · Fees: investment management

  total $113,578 · management and general $113,578

• 11g · Fees: other

  total $4,966,879 · program services $1,605,325 · management and general $3,317,555 · fundraising $43,999

• 12 · Advertising and promotion

  total $202,304 · program services $47,066 · management and general $150,105 · fundraising $5,133

• 13 · Office expenses

  total $652,574 · program services $391,670 · management and general $239,026 · fundraising $21,878

• 14 · Information technology

  total $1,509,472 · program services $617,684 · management and general $870,112 · fundraising $21,676

• 16 · Occupancy

  total $1,333,053 · program services $901,886 · management and general $404,468 · fundraising $26,699

• 17 · Travel

  total $1,594,516 · program services $976,511 · management and general $503,650 · fundraising $114,355

• 19 · Conferences, conventions and meetings

  total $259,459 · program services $208,169 · management and general $39,503 · fundraising $11,787

• 22 · Depreciation, depletion and amortization

  total $2,799,608 · program services $278,807 · management and general $2,518,458 · fundraising $2,343

• 23 · Insurance

  total $592,539 · management and general $592,539

• 24a · Other expenses: SUPPLIES

  total $662,767 · program services $459,337 · management and general $130,774 · fundraising $72,656

• 24b · Other expenses: OTHER EXPENSE

  total $282,792 · program services $325,756 · management and general -$42,964

• 24c · Other expenses: BOOKS AND REFERENCE MAT

  total $173,146 · program services $174,862 · management and general -$1,904 · fundraising $188

• 24d · Other expenses: PROGRAM FEES

  total $68,717 · program services $68,717 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,539,674 · end of year $2,667,230

• 3 · Pledges and grants receivable

  beginning of year $1,511,505 · end of year $891,806

• 4 · Accounts receivable

  beginning of year $201,001 · end of year $214,606

• 7 · Other notes and loans receivable

  beginning of year $1,234,081 · end of year $767,171

• 8 · Inventories for sale or use

  beginning of year $8,650 · end of year $9,463

• 9 · Prepaid expenses and deferred charges

  beginning of year $951,145 · end of year $1,466,058

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

  $102,405,598

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

  $44,982,304

• 10c · Land, buildings and equipment, net

  beginning of year $38,235,016 · end of year $57,423,294

• 11 · Investments: publicly traded securities

  beginning of year $56,617,795 · end of year $52,086,677

• 15 · Other assets

  beginning of year $1,139,311 · end of year $2,397,361

• 17 · Accounts payable and accrued expenses

  beginning of year $3,013,928 · end of year $5,946,841

• 18 · Grants payable

  beginning of year $0 · end of year $947,334

• 19 · Deferred revenue

  beginning of year $789,536 · end of year $910,466

• 23 · Secured mortgages and notes payable

  beginning of year $0 · end of year $13,223,505

• 25 · Other liabilities

  beginning of year $1,541,321 · end of year $1,565,524

• 27 · Net assets without donor restrictions

  beginning of year $94,980,655 · end of year $92,865,858

• 28 · Net assets with donor restrictions

  beginning of year $2,112,738 · end of year $2,464,138

The filer's explanations (Part III)

PART I, LINE 4A

NATACHA DOUGLAS, $243,919. BRAD HOUGH, $208,591. VINCENT DEBONO, $180,038. LEE VAN DUSEN, $163,810.