Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: ENROLLMENT FEES

  total $433,049 · related or exempt $433,049

• 3 · Investment income

  total $1,096,843 · excluded $1,096,843

• 7a · Gross sales of assets other than inventory

  securities $3,395,092

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

  securities $3,167,746 · other assets $500,000

• 7c · Gain or loss

  securities $227,346 · other assets -$500,000

• 7d · Net gain or loss

  total -$272,654 · excluded -$272,654

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $180,787 · management and general $180,787

• 11b · Fees: legal

  total $5,605 · management and general $5,605

• 11c · Fees: accounting

  total $24,555 · management and general $24,555

• 11f · Fees: investment management

  total $178,453 · management and general $178,453

• 11g · Fees: other

  total $195,489 · program services $27,863 · management and general $167,626

• 13 · Office expenses

  total $3,552 · management and general $3,552

• 14 · Information technology

  total $38,364 · management and general $38,364

• 16 · Occupancy

  total $24,737 · management and general $24,737

• 17 · Travel

  total $22,105 · program services $6,342 · management and general $15,763

• 19 · Conferences, conventions and meetings

  total $550 · management and general $550

• 23 · Insurance

  total $13,401 · management and general $13,401

• 24a · Other expenses: LANDOWNER PAYMENTS

  total $734,417 · program services $734,417

• 24b · Other expenses: REAL ESTATE TAXES

  total $17,148 · program services $12,514 · management and general $4,634

• 24c · Other expenses: MAINTENANCE

  total $1,899 · management and general $1,899

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,362,802 · end of year $1,363,238

• 4 · Accounts receivable

  beginning of year $97,810 · end of year $417,431

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

  $2,283,341

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

  $730,744

• 10c · Land, buildings and equipment, net

  beginning of year $1,552,597 · end of year $1,552,597

• 11 · Investments: publicly traded securities

  beginning of year $33,725,459 · end of year $37,770,573

• 15 · Other assets

  beginning of year $8,009,715 · end of year $7,500,000

• 17 · Accounts payable and accrued expenses

  beginning of year $6,897 · end of year $23,695

• 25 · Other liabilities

  beginning of year $10,043 · end of year $151,689

• 28 · Net assets with donor restrictions

  beginning of year $45,731,443 · end of year $48,428,455

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION OF THE ORGANIZATION'S EXECUTIVE DIRECTOR IS ESTABLISHED BY A RELATED ORGANIZATION.