Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $64,775

• 1e · Government grants (contributions)

  $1,085,541

• 1f · All other contributions, gifts and grants

  $4,513,334

• 1g · Noncash contributions included above

  $1,061,310

• 2a · Program service revenue: TUITION & FEES

  total $47,386,132 · related or exempt $47,386,132

• 2b · Program service revenue: DORM/FOOD & OTHER AUXILARY

  total $6,648,561 · excluded $6,648,561

• 2c · Program service revenue: EVENT ADMISSIONS

  total $987,596 · related or exempt $987,596

• 2d · Program service revenue: OTHER STUDENT SERVICES

  total $94,689 · related or exempt $94,689

• 3 · Investment income

  total $3,829,669 · excluded $3,829,669

• 6a · Gross rents

  real property $30,375

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $30,375

• 6d · Net rental income or loss

  total $30,375 · excluded $30,375

• 7a · Gross sales of assets other than inventory

  securities $55,706,642

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

  securities $56,074,767 · other assets $546

• 7c · Gain or loss

  securities -$368,125 · other assets -$546

• 7d · Net gain or loss

  total -$368,671 · excluded -$368,671

• 8a · Fundraising events: gross income

  $18,434

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

  $64,775

• 8b · Fundraising events: direct expenses

  $78,639

• 8c · Net income from fundraising events

  total -$60,205 · excluded -$60,205

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $19,689,897 · program services $19,689,897

• 5 · Compensation of officers, directors and key employees

  total $745,679 · management and general $745,679

• 7 · Other salaries and wages

  total $21,856,008 · program services $17,299,726 · management and general $3,856,986 · fundraising $699,296

• 8 · Pension plan contributions

  total $625,454 · program services $486,797 · management and general $116,182 · fundraising $22,475

• 9 · Other employee benefits

  total $4,990,734 · program services $3,766,948 · management and general $1,086,649 · fundraising $137,137

• 10 · Payroll taxes

  total $1,593,678 · program services $1,233,517 · management and general $309,815 · fundraising $50,346

• 11b · Fees: legal

  total $55,688 · program services $1,690 · management and general $53,998

• 11c · Fees: accounting

  total $91,181 · program services $2,800 · management and general $88,381

• 11f · Fees: investment management

  total $225,169 · management and general $225,169

• 11g · Fees: other

  total $5,651,928 · program services $1,916,750 · management and general $3,515,406 · fundraising $219,772

• 12 · Advertising and promotion

  total $637,606 · program services $76,642 · management and general $548,694 · fundraising $12,270

• 13 · Office expenses

  total $4,529,163 · program services $2,477,302 · management and general $1,927,488 · fundraising $124,373

• 16 · Occupancy

  total $2,266,630 · program services $210,527 · management and general $2,054,949 · fundraising $1,154

• 17 · Travel

  total $987,691 · program services $858,442 · management and general $63,547 · fundraising $65,702

• 19 · Conferences, conventions and meetings

  total $88,595 · program services $71,534 · management and general $17,061

• 20 · Interest

  total $20,036 · management and general $20,036

• 22 · Depreciation, depletion and amortization

  total $2,393,299 · program services $2,393,299

• 23 · Insurance

  total $386,444 · program services $21 · management and general $386,423

• 24a · Other expenses: MEMBERSHIPS & PERIODICA

  total $260,266 · program services $91,971 · management and general $158,184 · fundraising $10,111

• 24b · Other expenses: REFERENCE BOOKS

  total $180,064 · program services $131,342 · management and general $121 · fundraising $48,601

• 24e · All other expenses

  total $193,791 · program services $35,467 · management and general $143,208 · fundraising $15,116

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $5,356,085 · end of year $3,612,441

• 3 · Pledges and grants receivable

  beginning of year $2,679,866 · end of year $5,897,769

• 4 · Accounts receivable

  beginning of year $501,755 · end of year $751,281

• 8 · Inventories for sale or use

  beginning of year $68,158 · end of year $53,450

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,020,976 · end of year $927,317

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

  $99,802,484

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

  $52,873,452

• 10c · Land, buildings and equipment, net

  beginning of year $48,277,559 · end of year $46,929,032

• 11 · Investments: publicly traded securities

  beginning of year $69,905,158 · end of year $68,819,704

• 13 · Investments: program-related

  beginning of year $1,892,322 · end of year $1,586,795

• 14 · Intangible assets

  beginning of year $0 · end of year $1,000,000

• 15 · Other assets

  beginning of year $154,867 · end of year $109,973

• 17 · Accounts payable and accrued expenses

  beginning of year $3,189,919 · end of year $3,677,556

• 19 · Deferred revenue

  beginning of year $2,510,136 · end of year $2,506,306

• 21 · Escrow or custodial account liability

  beginning of year $519,993 · end of year $537,027

• 25 · Other liabilities

  beginning of year $3,838,242 · end of year $2,856,537

• 27 · Net assets without donor restrictions

  beginning of year $87,238,417 · end of year $82,308,441

• 28 · Net assets with donor restrictions

  beginning of year $32,560,039 · end of year $37,801,895

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR COMPANIONS WAS PROVIDED TO PRESIDENT, RICHARD TRIETLEY, AND WAS NOT INCLUDED IN TAXABLE COMPENSATION.