Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $742,943

• 1f · All other contributions, gifts and grants

  $2,388,479

• 2a · Program service revenue: TUITION

  total $28,053,364 · related or exempt $28,053,364

• 2b · Program service revenue: AUXILIARY SERVICES

  total $2,908,222 · related or exempt $2,908,222

• 2c · Program service revenue: FEES & ASSESSMENTS

  total $1,358,158 · related or exempt $1,358,158

• 3 · Investment income

  total $1,169,467 · excluded $1,169,467

• 7a · Gross sales of assets other than inventory

  other assets $15,000,000

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

  other assets $3,096,290

• 7c · Gain or loss

  other assets $11,903,710

• 7d · Net gain or loss

  total $11,903,710 · related or exempt $11,903,710

• 8a · Fundraising events: gross income

  $0

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

  $742,943

• 8b · Fundraising events: direct expenses

  $281,829

• 8c · Net income from fundraising events

  total -$281,829 · excluded -$281,829

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $1,814,488 · related or exempt $1,814,488

• 11e · Other revenue, total

  $1,814,488

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,912,271 · program services $1,617,354 · management and general $244,452 · fundraising $50,465

• 7 · Other salaries and wages

  total $15,203,953 · program services $12,878,476 · management and general $1,924,240 · fundraising $401,237

• 9 · Other employee benefits

  total $3,206,971 · program services $2,754,702 · management and general $380,380 · fundraising $71,889

• 10 · Payroll taxes

  total $1,211,586 · program services $1,046,653 · management and general $131,184 · fundraising $33,749

• 11b · Fees: legal

  total $21,214 · management and general $21,214

• 11c · Fees: accounting

  total $136,285 · management and general $136,285

• 12 · Advertising and promotion

  total $171,224 · program services $3,996 · management and general $167,228

• 13 · Office expenses

  total $474,963 · program services $445,453 · management and general $26,970 · fundraising $2,540

• 14 · Information technology

  total $1,211,847 · program services $848,293 · management and general $363,554

• 16 · Occupancy

  total $407,152 · program services $407,152

• 17 · Travel

  total $475,332 · program services $336,302 · management and general $134,445 · fundraising $4,585

• 22 · Depreciation, depletion and amortization

  total $1,180,476 · program services $944,381 · management and general $200,038 · fundraising $36,057

• 23 · Insurance

  total $450,581 · program services $5,183 · management and general $445,398

• 24a · Other expenses: OTHER EXPENSES

  total $9,223,877 · program services $8,088,117 · management and general $977,288 · fundraising $158,472

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $20,796,570 · end of year $16,307,123

• 3 · Pledges and grants receivable

  beginning of year $16,999,281 · end of year $14,467,852

• 4 · Accounts receivable

  beginning of year $310,727 · end of year $239,460

• 5 · Loans and receivables from officers and key people

  beginning of year $285,000 · end of year $165,000

• 7 · Other notes and loans receivable

  end of year $12,000,000

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

  $64,446,379

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

  $17,523,420

• 10c · Land, buildings and equipment, net

  beginning of year $28,589,221 · end of year $46,922,959

• 12 · Investments: other securities

  beginning of year $25,954,567 · end of year $27,078,899

• 15 · Other assets

  beginning of year $1,573,135 · end of year $3,443,241

• 17 · Accounts payable and accrued expenses

  beginning of year $857,550 · end of year $7,281,998

• 19 · Deferred revenue

  beginning of year $6,594,448 · end of year $7,052,762

• 25 · Other liabilities

  beginning of year $1,163,458 · end of year $2,561,603

• 27 · Net assets without donor restrictions

  beginning of year $41,114,223 · end of year $57,758,269

• 28 · Net assets with donor restrictions

  beginning of year $44,778,822 · end of year $45,969,902

The filer's explanations (Part III)

PART I, LINE 1A

ITEMS ARE INCLUDED IN THE W-2 FRINGE BENEFIT INCOME OR DIRECTLY IN THE COMPENSATION REPORTED ON THE W-2 FOR THE PERSON LISTED IN FORM 990 FOR WHOM THE RELEVANT ITEMS WERE PROVIDED. THE ALLOWANCES AND OTHER ITEMS ARE ALL REPORTED AS TAXABLE INCOME TO THE PERSON.