Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,468,250

• 1f · All other contributions, gifts and grants

  $5,988,004

• 1g · Noncash contributions included above

  $248,089

• 2a · Program service revenue: ACTION

  total $554,130 · related or exempt $554,130

• 2b · Program service revenue: TUITION

  total $279,499 · related or exempt $279,499

• 2c · Program service revenue: WORKSHOPS

  total $226,639 · related or exempt $226,639

• 3 · Investment income

  total $1,028,522 · excluded $1,028,522

• 7a · Gross sales of assets other than inventory

  securities $11,775,739

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

  securities $12,079,343

• 7c · Gain or loss

  securities -$303,604

• 7d · Net gain or loss

  total -$303,604 · excluded -$303,604

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $45,191 · program services $45,191

• 5 · Compensation of officers, directors and key employees

  total $1,319,292 · program services $639,378 · management and general $594,961 · fundraising $84,953

• 7 · Other salaries and wages

  total $6,520,079 · program services $4,418,738 · management and general $2,078,440 · fundraising $22,901

• 8 · Pension plan contributions

  total $120,316 · program services $105,764 · management and general $14,552

• 9 · Other employee benefits

  total $714,501 · program services $506,901 · management and general $202,365 · fundraising $5,235

• 10 · Payroll taxes

  total $505,857 · program services $349,579 · management and general $150,711 · fundraising $5,567

• 11f · Fees: investment management

  total $214,175 · management and general $214,175

• 11g · Fees: other

  total $1,877,914 · program services $1,185,900 · management and general $692,014

• 12 · Advertising and promotion

  total $55,532 · management and general $55,532

• 13 · Office expenses

  total $276,559 · program services $108,074 · management and general $168,485

• 14 · Information technology

  total $256,067 · program services $75,389 · management and general $179,061 · fundraising $1,617

• 16 · Occupancy

  total $181,869 · program services $135,813 · management and general $46,056

• 17 · Travel

  total $965,652 · program services $928,994 · management and general $36,645 · fundraising $13

• 20 · Interest

  total $141,728 · program services $17 · management and general $141,711

• 22 · Depreciation, depletion and amortization

  total $451,060 · program services $336,835 · management and general $114,225

• 23 · Insurance

  total $367,193 · program services $2,236 · management and general $358,326 · fundraising $6,631

• 24a · Other expenses: FOOD & BEVERAGE

  total $973,144 · program services $546,824 · management and general $419,841 · fundraising $6,479

• 24b · Other expenses: LODGING

  total $957,749 · program services $939,447 · management and general $18,302

• 24c · Other expenses: MAINTENCE & REPAIR

  total $239,500 · program services $22,388 · management and general $217,112

• 24d · Other expenses: SUPPLIES

  total $237,779 · program services $69,087 · management and general $168,692

• 24e · All other expenses

  total $260,081 · program services $87,088 · management and general $172,651 · fundraising $342

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,723,323 · end of year $1,499,250

• 2 · Savings and temporary cash investments

  beginning of year $425,434 · end of year $417,338

• 3 · Pledges and grants receivable

  beginning of year $35,617,497 · end of year $3,265,895

• 4 · Accounts receivable

  beginning of year $537,780 · end of year $360,402

• 9 · Prepaid expenses and deferred charges

  beginning of year $158,479 · end of year $115,667

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

  $23,683,148

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

  $7,183,364

• 10c · Land, buildings and equipment, net

  beginning of year $13,545,664 · end of year $16,499,784

• 11 · Investments: publicly traded securities

  beginning of year $30,901,552 · end of year $28,711,155

• 12 · Investments: other securities

  beginning of year $117,600 · end of year $117,600

• 15 · Other assets

  beginning of year $551,676 · end of year $594,952

• 17 · Accounts payable and accrued expenses

  beginning of year $1,500,785 · end of year $1,644,421

• 19 · Deferred revenue

  beginning of year $4,500 · end of year $346,667

• 23 · Secured mortgages and notes payable

  beginning of year $1,932,152 · end of year $0

• 25 · Other liabilities

  beginning of year $23,092 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $7,820,081 · end of year $9,778,200

• 28 · Net assets with donor restrictions

  beginning of year $75,298,395 · end of year $39,812,755

The filer's explanations (Part III)

PART I, LINE 3

THE PRESIDENT'S COMPENSATION IS DETERMINED BY A LETTER OF AGREEMENT NEGOTIATED BY THE TRUSTEES. IN NEGOTIATING THE AGREEMENT, THE TRUSTEES USE COMPARABILITY DATA FROM VARIOUS ACADEMIC INSTITUTIONS AND OTHER RELEVANT PERIODICALS AND STUDIES. ANNUALLY, THE TRUSTEES EVALUATE THE PRESIDENT'S PERFORMANCE IN THE COMPENSATION REVIEW. THESE ACTIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETINGS. THE COMPENSATION PROCESS FOR OTHER OFFICERS, INCLUDING VICE PRESIDENTS AND BOARD SECRETARY, IS DETERMINED BY THE PRESIDENT USING COMPARABILITY DATA FROM SIMILAR ACADEMIC INSTITUTIONS AND OTHER RELEVANT PERIODICALS AND STUDIES, AS APPROPRIATE.

PART I, LINE 7

SOME BONUSES WERE PAID TO EMPLOYEES WHO ENGAGED IN ACTIVITIES THAT WERE ABOVE AND BEYOND THE NORMAL SCOPE OF RESPONSIBILITES.