Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $34,953

• 1e · Government grants (contributions)

  $42,544,941

• 1f · All other contributions, gifts and grants

  $176,925

• 2a · Program service revenue: STUDENT ACTIVITIES AND FEES

  total $1,207,483 · related or exempt $1,207,483

• 2b · Program service revenue: FEE INCOME

  total $485,475 · related or exempt $485,475

• 2c · Program service revenue: TUITION

  total $258,277 · related or exempt $258,277

• 3 · Investment income

  total $243,216 · excluded $243,216

• 6a · Gross rents

  real property $1,820

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,820

• 6d · Net rental income or loss

  total $1,820 · excluded $1,820

• 8a · Fundraising events: gross income

  $0

• 8a · Fundraising events: contributions included on line 1c

  $34,953

• 8b · Fundraising events: direct expenses

  $1,000

• 8c · Net income from fundraising events

  total -$1,000 · excluded -$1,000

• 10a · Gross sales of inventory

  $29,575

• 10b · Cost of goods sold

  $26,384

• 10c · Net income from sales of inventory

  total $3,191 · unrelated business $3,191

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $429 · excluded $429

• 11e · Other revenue, total

  $429

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $695,952 · management and general $695,952

• 7 · Other salaries and wages

  total $20,850,577 · program services $13,949,258 · management and general $5,550,965 · fundraising $1,350,354

• 8 · Pension plan contributions

  total $747,376 · program services $528,887 · management and general $165,453 · fundraising $53,036

• 9 · Other employee benefits

  total $2,915,574 · program services $2,155,738 · management and general $587,059 · fundraising $172,777

• 10 · Payroll taxes

  total $1,561,235 · program services $1,064,011 · management and general $399,056 · fundraising $98,168

• 11b · Fees: legal

  total $192,097 · management and general $192,097

• 11c · Fees: accounting

  total $90,091 · management and general $90,091

• 11g · Fees: other

  total $1,364,664 · program services $138,615 · management and general $914,147 · fundraising $311,902

• 12 · Advertising and promotion

  total $43,325 · program services $43,325

• 13 · Office expenses

  total $113,096 · management and general $42,347 · fundraising $70,749

• 14 · Information technology

  total $334,983 · program services $265,632 · management and general $257 · fundraising $69,094

• 16 · Occupancy

  total $6,969,531 · program services $6,969,531

• 17 · Travel

  total $181,257 · program services $59,305 · management and general $114,063 · fundraising $7,889

• 20 · Interest

  total $197,341 · management and general $197,341

• 22 · Depreciation, depletion and amortization

  total $856,218 · program services $856,218

• 23 · Insurance

  total $941,662 · program services $730,874 · management and general $210,788

• 24a · Other expenses: STUDENT TRANSPORTATION

  total $2,180,074 · program services $2,180,074

• 24b · Other expenses: FOOD SERVICE MANAGEMENT

  total $1,183,103 · program services $1,183,103

• 24c · Other expenses: MATERIALS AND SUPPLIES

  total $1,150,125 · program services $688,659 · management and general $258,430 · fundraising $203,036

• 24d · Other expenses: TEXTBOOKS

  total $884,239 · program services $884,239

• 24e · All other expenses

  total $1,040,012 · program services $324,836 · management and general $715,176

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,633,869 · end of year $7,854,648

• 2 · Savings and temporary cash investments

  beginning of year $4,224,488 · end of year $4,900,466

• 3 · Pledges and grants receivable

  beginning of year $1,671,039 · end of year $1,488,723

• 9 · Prepaid expenses and deferred charges

  beginning of year $541,187 · end of year $1,246,137

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

  $20,901,728

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

  $5,013,196

• 10c · Land, buildings and equipment, net

  beginning of year $15,991,583 · end of year $15,888,532

• 15 · Other assets

  beginning of year $2,575,121 · end of year $4,823,976

• 17 · Accounts payable and accrued expenses

  beginning of year $2,219,656 · end of year $2,555,422

• 19 · Deferred revenue

  beginning of year $108,805 · end of year $113,362

• 23 · Secured mortgages and notes payable

  beginning of year $4,786,250 · end of year $4,633,333

• 25 · Other liabilities

  beginning of year $1,243,616 · end of year $3,158,227

• 27 · Net assets without donor restrictions

  beginning of year $25,236,811 · end of year $25,689,898

• 28 · Net assets with donor restrictions

  beginning of year $42,149 · end of year $52,240

The filer's explanations (Part III)

PART I, LINE 4B

PATTY GLASER, PH.D.: COLUMN C BENEFITS - DEFERRED COMPENSATION $14,832. THE AMOUNT OF $417,138 REPORTED IN COLUMN B(III) AND COLUMN F INCLUDES COMPENSATION REPORTED ON FORM W-2 BOX 5 MEDICARE WAGES WHICH REPRESENTS 457(B) PLAN AMOUNTS FOR TAX TREATMENTS AS RESULT OF RETIREMENT. PATTY WILL BE PAID 1/4 OF THE BALANCE EACH YEAR STARTING JANUARY 2026 AND ENDING IN JANUARY 2029.