Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $525,112

• 1e · Government grants (contributions)

  $50,510,084

• 1f · All other contributions, gifts and grants

  $1,315,952

• 1g · Noncash contributions included above

  $116,529

• 2a · Program service revenue: TUITION AND FEES

  total $29,638,988 · related or exempt $29,638,988

• 2b · Program service revenue: AUXILIARY SERVICES

  total $1,412,366 · related or exempt $1,412,366

• 2c · Program service revenue: EDUCATIONAL PROGRAMS

  total $52,965 · related or exempt $52,965

• 3 · Investment income

  total $212,816 · excluded $212,816

• 5 · Royalties

  total $163 · excluded $163

• 6a · Gross rents

  real property $50,297

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $50,297

• 6d · Net rental income or loss

  total $50,297 · excluded $50,297

• 11a · Other revenue: SPONSORSHIP FEE

  total $25,000 · excluded $25,000

• 11b · Other revenue: COMMISSION

  total $22,241 · excluded $22,241

• 11c · Other revenue: TESTING

  total $18,948 · excluded $18,948

• 11d · All other revenue

  total $22,436 · excluded $22,436

• 11e · Other revenue, total

  $88,625

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $11,367,333 · program services $11,367,333

• 5 · Compensation of officers, directors and key employees

  total $970,793 · program services $14,034 · management and general $956,759

• 7 · Other salaries and wages

  total $33,500,469 · program services $27,445,328 · management and general $6,055,141

• 8 · Pension plan contributions

  total $1,580,584 · program services $1,345,765 · management and general $234,819

• 9 · Other employee benefits

  total $5,871,463 · program services $4,733,520 · management and general $1,137,943

• 10 · Payroll taxes

  total $2,810,801 · program services $2,248,641 · management and general $562,160

• 11b · Fees: legal

  total $86,888 · management and general $86,888

• 11c · Fees: accounting

  total $70,000 · management and general $70,000

• 11g · Fees: other

  total $3,262,280 · program services $2,609,824 · management and general $652,456

• 12 · Advertising and promotion

  total $439,772 · program services $351,818 · management and general $87,954

• 13 · Office expenses

  total $293,871 · program services $235,097 · management and general $58,774

• 14 · Information technology

  total $1,447,862 · program services $1,158,290 · management and general $289,572

• 16 · Occupancy

  total $1,255,428 · program services $1,004,342 · management and general $251,086

• 17 · Travel

  total $96,567 · program services $77,254 · management and general $19,313

• 19 · Conferences, conventions and meetings

  total $187,131 · program services $149,705 · management and general $37,426

• 22 · Depreciation, depletion and amortization

  total $6,745,211 · program services $5,396,169 · management and general $1,349,042

• 23 · Insurance

  total $438,936 · program services $351,149 · management and general $87,787

• 24a · Other expenses: REPAIRS & MAINTENANCE

  total $1,122,873 · program services $898,298 · management and general $224,575

• 24b · Other expenses: MISCELLANEOUS EXPENSES

  total $494,831 · program services $395,865 · management and general $98,966

• 24c · Other expenses: FOOD SERVICE

  total $452,872 · program services $362,298 · management and general $90,574

• 24d · Other expenses: LICENSE ACQUISITION

  total $115,725 · program services $92,580 · management and general $23,145

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $20,341,818 · end of year $20,781,268

• 2 · Savings and temporary cash investments

  end of year $73,134

• 3 · Pledges and grants receivable

  beginning of year $5,783,460 · end of year $13,477,088

• 4 · Accounts receivable

  beginning of year $2,663,040 · end of year $2,186,152

• 8 · Inventories for sale or use

  beginning of year $19,570 · end of year $13,195

• 9 · Prepaid expenses and deferred charges

  beginning of year $418,918 · end of year $63,370

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

  $154,759,076

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

  $84,400,378

• 10c · Land, buildings and equipment, net

  beginning of year $70,176,083 · end of year $70,358,698

• 15 · Other assets

  beginning of year $1,675,810 · end of year $5,100,327

• 17 · Accounts payable and accrued expenses

  beginning of year $5,279,008 · end of year $4,764,720

• 19 · Deferred revenue

  beginning of year $2,212,528 · end of year $2,407,949

• 25 · Other liabilities

  beginning of year $26,476,027 · end of year $27,116,974

• 27 · Net assets without donor restrictions

  beginning of year $67,111,136 · end of year $77,763,589

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT IS PROVIDED WITH A HOUSING ALLOWANCE OF $39,700 AND CAR ALLOWANCE OF $4,800, A PORTION OF THE CAR ALLOWANCE IS TAXABLE.

PART I, LINE 7

THE ORGANIZATION PAID A DISCRETIONARY BONUS TO CERTAIN INDIVIDUALS LISTED ON PART VII, BASED ON INDIVIDUAL PERFORMANCE AND WITHIN THE APPROVED BUDGET OF THE ORGANIZATION. THE BONUS AMOUNTS WERE DETERMINED AND APPROVED BY THE BOARD OF DIRECTORS AND WERE INCLUDED IN THE INDIVIDUALS' TAXABLE COMPENSATION.