Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $150,003

• 1e · Government grants (contributions)

  $4,291,870

• 1f · All other contributions, gifts and grants

  $2,365,337

• 2a · Program service revenue: Tuition and Fees

  total $24,005,456 · related or exempt $24,005,456

• 2b · Program service revenue: Auxillary Services

  total $2,267,410 · related or exempt $2,267,410

• 3 · Investment income

  total $562,846 · excluded $562,846

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $41,141 · excluded $41,141

• 6a · Gross rents

  real property $26,718

• 6c · Rental income or loss

  real property $26,718 · personal property $0

• 6d · Net rental income or loss

  total $26,718 · excluded $26,718

• 7a · Gross sales of assets other than inventory

  securities $7,458,738

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

  securities $7,458,738 · other assets $16,664

• 7c · Gain or loss

  other assets -$16,664

• 7d · Net gain or loss

  total -$16,664 · excluded -$16,664

• 8a · Fundraising events: gross income

  $24,643

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

  $150,003

• 8b · Fundraising events: direct expenses

  $44,782

• 8c · Net income from fundraising events

  total -$20,139 · excluded -$20,139

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $975

• 10b · Cost of goods sold

  $2,952

• 10c · Net income from sales of inventory

  total -$1,977 · related or exempt -$1,977

• 11a · Other revenue: GAIN ON INSURANCE PROCEEDS

  total $87,657 · excluded $87,657

• 11e · Other revenue, total

  $87,657

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $10,173,040 · program services $10,173,040

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $951,328 · program services $673,540 · management and general $261,615 · fundraising $16,173

• 6 · Compensation of disqualified persons

  total $84,833 · program services $60,062 · management and general $23,329 · fundraising $1,442

• 7 · Other salaries and wages

  total $10,443,218 · program services $7,393,798 · management and general $2,871,885 · fundraising $177,535

• 8 · Pension plan contributions

  total $309,770 · program services $219,317 · management and general $85,187 · fundraising $5,266

• 9 · Other employee benefits

  total $638,473 · program services $452,039 · management and general $175,580 · fundraising $10,854

• 10 · Payroll taxes

  total $771,584 · program services $546,281 · management and general $212,186 · fundraising $13,117

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $12,496 · program services $8,847 · management and general $3,437 · fundraising $212

• 11c · Fees: accounting

  total $79,916 · management and general $79,916

• 11d · Fees: lobbying

  total $19,500 · management and general $19,500

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $0

• 11g · Fees: other

  total $1,586,419 · program services $1,141,444 · management and general $417,567 · fundraising $27,408

• 12 · Advertising and promotion

  total $2,357,701 · program services $1,669,252 · management and general $648,368 · fundraising $40,081

• 13 · Office expenses

  total $255,747 · program services $180,260 · management and general $71,092 · fundraising $4,395

• 14 · Information technology

  total $925,207 · program services $655,046 · management and general $254,432 · fundraising $15,729

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $983,314 · program services $696,186 · management and general $270,411 · fundraising $16,717

• 17 · Travel

  total $517,892 · program services $366,668 · management and general $142,420 · fundraising $8,804

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $7,016 · program services $4,967 · management and general $1,929 · fundraising $120

• 20 · Interest

  total $138,440 · program services $98,016 · management and general $38,071 · fundraising $2,353

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $1,308,363 · program services $926,321 · management and general $359,800 · fundraising $22,242

• 23 · Insurance

  total $278,848 · program services $197,425 · management and general $76,683 · fundraising $4,740

• 24a · Other expenses: AUXILIARY SUPPORT

  total $994,964 · program services $704,435 · management and general $273,615 · fundraising $16,914

• 24b · Other expenses: BAD DEBT EXPENSE

  total $295,654 · program services $209,323 · management and general $81,305 · fundraising $5,026

• 24c · Other expenses: HOUSING ALLOWANCE

  total $267,733 · program services $189,555 · management and general $73,627 · fundraising $4,551

• 24d · Other expenses: FURNITURE AND EQUIPMENT

  total $222,077 · program services $157,231 · management and general $61,071 · fundraising $3,775

• 24e · All other expenses

  total $502,578 · program services $355,825 · management and general $138,209 · fundraising $8,544

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,458,586 · end of year $4,309,258

• 2 · Savings and temporary cash investments

  beginning of year $7,444,578 · end of year $7,145,140

• 3 · Pledges and grants receivable

  beginning of year $1,926 · end of year $1,927

• 4 · Accounts receivable

  beginning of year $3,666,431 · end of year $3,059,987

• 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 $46,929 · end of year $32,230

• 8 · Inventories for sale or use

  beginning of year $77,501 · end of year $62,370

• 9 · Prepaid expenses and deferred charges

  beginning of year $439,413 · end of year $278,520

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

  $39,611,262

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

  $14,943,852

• 10c · Land, buildings and equipment, net

  beginning of year $24,572,297 · end of year $24,667,410

• 11 · Investments: publicly traded securities

  beginning of year $4,770,313 · end of year $4,642,382

• 12 · Investments: other securities

  beginning of year $0 · end of year $175,000

• 13 · Investments: program-related

  beginning of year $435,459 · end of year $389,092

• 14 · Intangible assets

  beginning of year $22,421 · end of year $22,421

• 15 · Other assets

  beginning of year $26,267 · end of year $167,180

• 17 · Accounts payable and accrued expenses

  beginning of year $1,742,828 · end of year $1,518,442

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $1,589,399 · end of year $792,619

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 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 $5,135,713 · end of year $4,545,893

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $12,577 · end of year $61,584

• 27 · Net assets without donor restrictions

  beginning of year $33,293,436 · end of year $32,922,096

• 28 · Net assets with donor restrictions

  beginning of year $5,188,168 · end of year $5,112,283

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

HOUSING ALLOWANCE: Philip Greenwald: $14,000 JOHN FOZARD: $35,000 STEVE SEATON: $38,000 HOUSING ALLOWANCE NON-TAXABLE UNDER INTERNAL REVENUE CODE SECTION 107 [MINISTER OF THE GOSPEL]. THIS IS INCLUDED IN SCHEDULE J, PART II, COLUMN (D).

SCHEDULE J, PART I, LINE 7

MERIT INCREASES OR BONUSES ARE DECIDED ANNUALLY AT THE TIME OF BUDGET PREPARATION. THE PRESIDENT DETERMINES TIMING AND AMOUNT IF THEY ARE GIVEN.