Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $7,985

• 1e · Government grants (contributions)

  $14,783,493

• 1f · All other contributions, gifts and grants

  $2,185,739

• 1g · Noncash contributions included above

  $2,045

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

  total $1,510,193,374 · related or exempt $1,510,193,374

• 2b · Program service revenue: RESIDENCE AND DINING

  total $19,901,881 · related or exempt $19,901,881

• 2c · Program service revenue: OTHER AUXILIARY ENTERPRISES

  total $6,358,608 · related or exempt $6,358,608

• 2d · Program service revenue: STUDENT INSURANCE

  total $1,262,822 · related or exempt $1,262,822

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $26,049,949 · unrelated business -$1,487,882 · excluded $27,537,831

• 6a · Gross rents

  real property $1,800,190

• 6b · Less rental expenses

  real property $1,124,809

• 6c · Rental income or loss

  real property $675,381 · personal property $0

• 6d · Net rental income or loss

  total $675,381 · excluded $675,381

• 7a · Gross sales of assets other than inventory

  securities $288,189,508 · other assets $25,915

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

  securities $262,296,112 · other assets $7,516

• 7c · Gain or loss

  securities $25,893,396 · other assets $18,399

• 7d · Net gain or loss

  total $25,911,795 · unrelated business $262,938 · excluded $25,648,857

• 8a · Fundraising events: gross income

  $2,975

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

  $7,985

• 8b · Fundraising events: direct expenses

  $9,239

• 8c · Net income from fundraising events

  total -$6,264 · excluded -$6,264

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 11a · Other revenue: BAD DEBT RECOVERY

  total $6,547,610 · related or exempt $6,547,610

• 11b · Other revenue: Reimbursed Govt Admin Fees

  total $606,115 · related or exempt $606,115

• 11c · Other revenue: Rebates

  total $351,955 · related or exempt $351,955

• 11d · All other revenue

  total $1,178,481 · related or exempt $1,178,481 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $8,684,161

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,423,633 · program services $4,423,633

• 2 · Grants to domestic individuals

  total $52,444,356 · program services $52,444,356

• 3 · Grants to foreign organizations and individuals

  total $8,405,310 · program services $8,405,310

• 5 · Compensation of officers, directors and key employees

  total $6,371,433 · program services $1,679,875 · management and general $4,691,558 · fundraising $0

• 6 · Compensation of disqualified persons

  total $2,105,808 · program services $161,300 · management and general $1,944,508 · fundraising $0

• 7 · Other salaries and wages

  total $566,207,141 · program services $464,385,209 · management and general $100,282,426 · fundraising $1,539,506

• 8 · Pension plan contributions

  total $28,196,066 · program services $25,997,375 · management and general $2,111,420 · fundraising $87,271

• 9 · Other employee benefits

  total $110,555,012 · program services $83,997,030 · management and general $26,128,600 · fundraising $429,382

• 10 · Payroll taxes

  total $41,956,357 · program services $34,600,726 · management and general $7,248,202 · fundraising $107,429

• 11a · Fees: management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11b · Fees: legal

  total $967,180 · program services $33,831 · management and general $933,349 · fundraising $0

• 11c · Fees: accounting

  total $371,476 · program services $2,000 · management and general $369,476 · fundraising $0

• 11d · Fees: lobbying

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $8,705,936 · program services $0 · management and general $8,705,936 · fundraising $0

• 11g · Fees: other

  total $96,006,897 · program services $85,927,762 · management and general $9,974,809 · fundraising $104,326

• 12 · Advertising and promotion

  total $224,074,091 · program services $222,753,663 · management and general $1,320,408 · fundraising $20

• 13 · Office expenses

  total $19,435,393 · program services $13,800,320 · management and general $5,534,977 · fundraising $100,096

• 14 · Information technology

  total $82,619,566 · program services $41,252,409 · management and general $41,250,048 · fundraising $117,109

• 15 · Royalties

  total $0 · program services $0 · management and general $0 · fundraising $0

• 16 · Occupancy

  total $9,739,814 · program services $234,581 · management and general $9,505,233 · fundraising $0

• 17 · Travel

  total $6,529,054 · program services $4,865,664 · management and general $1,609,187 · fundraising $54,203

• 18 · Travel or entertainment for public officials

  total $0 · program services $0 · management and general $0 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $1,515,744 · program services $790,378 · management and general $720,149 · fundraising $5,217

• 20 · Interest

  total $9,356,561 · program services $7,674,979 · management and general $1,681,582 · fundraising $0

• 21 · Payments to affiliates

  total $0 · program services $0 · management and general $0 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $35,606,630 · program services $27,945,050 · management and general $7,661,580 · fundraising $0

• 23 · Insurance

  total $3,200,109 · program services $1,218,073 · management and general $1,982,036 · fundraising $0

• 24a · Other expenses: BAD DEBT

  total $91,578,867 · program services $153,881 · management and general $91,424,986 · fundraising $0

• 24b · Other expenses: STUDENT FOOD PROGRAM

  total $5,418,183 · program services $5,418,183 · management and general $0 · fundraising $0

• 24c · Other expenses: MERCHANT FEES

  total $5,355,591 · program services $170,449 · management and general $5,183,250 · fundraising $1,892

• 24d · Other expenses: LIBRARY DATABASES

  total $3,338,358 · program services $3,338,358 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $946,041 · program services $17,667 · management and general $928,374 · fundraising $0

• 26 · Joint costs (an allocation of the lines above)

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $30,711,268 · end of year $70,984,802

• 2 · Savings and temporary cash investments

  beginning of year $455,586,029 · end of year $509,637,416

• 3 · Pledges and grants receivable

  beginning of year $98,094,182 · end of year $80,418,979

• 4 · Accounts receivable

  beginning of year $67,829,717 · end of year $54,536,706

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $153,846 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $18,242,944 · end of year $12,957,992

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

  $664,068,730

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

  $243,537,029

• 10c · Land, buildings and equipment, net

  beginning of year $440,416,237 · end of year $420,531,701

• 11 · Investments: publicly traded securities

  beginning of year $110,569,430 · end of year $239,583,624

• 12 · Investments: other securities

  beginning of year $511,151,134 · end of year $604,460,159

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $54,146,236 · end of year $14,262,994

• 17 · Accounts payable and accrued expenses

  beginning of year $166,490,944 · end of year $179,881,755

• 18 · Grants payable

  beginning of year $197,990 · end of year $5,789

• 19 · Deferred revenue

  beginning of year $33,049,601 · end of year $70,166,382

• 20 · Tax-exempt bond liabilities

  beginning of year $27,700,367 · end of year $27,113,086

• 21 · Escrow or custodial account liability

  beginning of year $32,497 · end of year $6,900

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $51,812,276 · end of year $50,222,493

• 24 · Unsecured notes and loans payable

  beginning of year $144,061,653 · end of year $124,372,274

• 25 · Other liabilities

  beginning of year $14,852,318 · end of year $14,377,735

• 27 · Net assets without donor restrictions

  beginning of year $1,280,737,209 · end of year $1,469,445,450

• 28 · Net assets with donor restrictions

  beginning of year $67,966,168 · end of year $71,782,509

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

The President was provided a housing allowance as part of her taxable total compensation package.

Schedule J, Part I, Line 4a Severance or change-of-control payment

THREE INDIVIDUALS REPORTED IN PART VII, SECTION A, LINE 1A RECEIVED A SEVERANCE PAYMENT. R. YVETTE CLARK RECEIVED SEVERANCE IN THE AMOUNT OF $310,000. IRIS LAFFERTY RECEIVED SEVERANCE IN THE AMOUNT OF $224,000. KELLY PALMER RECEIVED SEVERANCE IN THE AMOUNT OF $432,000. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN B(iii) FOR THE RESPECTIVE INDIVIDUALS.

Schedule J, Part I, Line 7 Non-fixed payments

FOR OUTSTANDING SERVICE, CERTAIN INDIVIDUALS RECEIVED A BONUS, THE AMOUNTS OF WHICH ARE LISTED ON SCHEDULE J, PART II, COLUMN (B)(II).

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• KENZIE ACADEMY SPV LLC

  INACTIVE · DE · income $0 · assets $0

  Directly controlled by SNHU

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Rethink Education Seed LP

  Excluded · Investments · NY · share of income -$193,607 · share of assets $4,011,280

  Directly controlled by NA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• SPLIT INTEREST TRUSTS (2)

  Trust · SUPPORT · NH · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by SNHU

• KenzieAcademy Administracao e Participa

  C Corporation · ASSET MANAGEMENT · BR · 100% owned · share of income $0 · share of assets $1,990 · controlled entity

  Directly controlled by SNHU

• Human Systems Inc

  C Corporation · EDUCATION AI · NH · 0% owned · share of income $0 · share of assets $0 · controlled entity

  Directly controlled by Impact Org