Form 990 for tax year 2024

1f · All other contributions, gifts and grants

$4,239,668

1g · Noncash contributions included above

$66,272

2a · Program service revenue: TUITION REVENUE

total $4,999,946 · related or exempt $4,999,946

2b · Program service revenue: STUDENT FEES

total $458,590 · related or exempt $458,590

2c · Program service revenue: APPLICATION FEES

total $25,233 · related or exempt $25,233

3 · Investment income

total $44,267 · related or exempt $44,267

1 · Grants to domestic organizations and governments

total $9,355 · program services $9,355

7 · Other salaries and wages

total $5,777,817 · program services $3,687,655 · management and general $2,090,162

8 · Pension plan contributions

total $443,600 · program services $240,967 · management and general $202,633

9 · Other employee benefits

total $288,504 · program services $156,718 · management and general $131,786

10 · Payroll taxes

total $278,739 · program services $151,413 · management and general $127,326

11b · Fees: legal

total $55,601 · management and general $55,601

11c · Fees: accounting

total $45,600 · management and general $45,600

11g · Fees: other

total $426,311 · program services $134,596 · management and general $291,715

12 · Advertising and promotion

total $73,060 · program services $4,346 · management and general $68,714

13 · Office expenses

total $210,302 · program services $12,509 · management and general $197,793

14 · Information technology

total $507,211 · program services $141,669 · management and general $365,542

16 · Occupancy

total $160,119 · program services $68,680 · management and general $91,439

17 · Travel

total $62,639 · program services $7,956 · management and general $54,683

19 · Conferences, conventions and meetings

total $84,564 · program services $84,564

20 · Interest

total $379,555 · management and general $379,555

22 · Depreciation, depletion and amortization

total $554,601 · management and general $554,601

23 · Insurance

total $172,240 · management and general $172,240

24a · Other expenses: CREDIT LOSS EXPENSE

total $114,543 · management and general $114,543

24b · Other expenses: BANK AND CREDIT CARD FE

total $70,464 · management and general $70,464

24c · Other expenses: DSMS EQUIPMENT AND IMPR

total $15,791 · management and general $15,791

24d · Other expenses: TAXES AND LICENSES

total $1,645 · program services $620 · management and general $1,025

1 · Cash, non-interest-bearing

beginning of year $3,260,698 · end of year $3,365,041

4 · Accounts receivable

beginning of year $1,637,423 · end of year $1,010,726

5 · Loans and receivables from officers and key people

end of year $805,000

9 · Prepaid expenses and deferred charges

beginning of year $235,744 · end of year $276,490

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

$12,252,550

10b · Land, buildings and equipment: accumulated depreciation

$3,273,020

10c · Land, buildings and equipment, net

beginning of year $8,499,669 · end of year $8,979,530

15 · Other assets

beginning of year $412,064 · end of year $256,712

17 · Accounts payable and accrued expenses

beginning of year $767,456 · end of year $946,698

19 · Deferred revenue

beginning of year $2,200,458 · end of year $2,378,635

23 · Secured mortgages and notes payable

beginning of year $5,982,084 · end of year $5,858,693

25 · Other liabilities

beginning of year $185,992 · end of year $564,422

27 · Net assets without donor restrictions

beginning of year $4,909,396 · end of year $4,915,691

28 · Net assets with donor restrictions

beginning of year $212 · end of year $29,360