Form 990 for tax year 2022

1f · All other contributions, gifts and grants

$865,741

2a · Program service revenue: Tuition and Fees

total $1,599,457 · unrelated business $0 · excluded $0

10a · Gross sales of inventory

$102,504

10b · Cost of goods sold

$32,354

10c · Net income from sales of inventory

total $70,150 · related or exempt $70,150

11a · Other revenue: Guest Room Fees

total $14,540 · related or exempt $14,540 · unrelated business $0 · excluded $0

11b · Other revenue: Miscellaneous

total $10,634 · related or exempt $10,634 · unrelated business $0 · excluded $0

11e · Other revenue, total

$25,174

5 · Compensation of officers, directors and key employees

total $128,447 · program services $86,059 · management and general $35,965 · fundraising $6,423

7 · Other salaries and wages

total $1,166,290 · program services $933,032 · management and general $221,595 · fundraising $11,663

9 · Other employee benefits

total $25,853 · program services $23,268 · management and general $2,585 · fundraising $0

10 · Payroll taxes

total $80,426 · program services $72,383 · management and general $8,043 · fundraising $0

12 · Advertising and promotion

total $71,334 · program services $60,634 · management and general $7,133 · fundraising $3,567

13 · Office expenses

total $163,857 · program services $139,278 · management and general $16,386 · fundraising $8,193

16 · Occupancy

total $195,406 · program services $166,095 · management and general $29,311 · fundraising $0

20 · Interest

total $2,442 · program services $0 · management and general $2,442 · fundraising $0

22 · Depreciation, depletion and amortization

total $174,584 · program services $157,126 · management and general $17,458 · fundraising $0

24a · Other expenses: Cafeteria

total $162,822 · program services $162,822 · management and general $0 · fundraising $0

24b · Other expenses: Scholarships awarded

total $217,239 · program services $217,239 · management and general $0 · fundraising $0

24c · Other expenses: Programs Activities

total $87,603 · program services $87,603 · management and general $0 · fundraising $0

24d · Other expenses: Student Housing Expense

total $54,894 · program services $54,894 · management and general $0 · fundraising $0

24e · All other expenses

total $51,979 · program services $46,781 · management and general $5,198 · fundraising $0

1 · Cash, non-interest-bearing

beginning of year $44,321 · end of year $100,990

2 · Savings and temporary cash investments

beginning of year $27,465 · end of year $27,526

8 · Inventories for sale or use

beginning of year $36,421 · end of year $51,378

9 · Prepaid expenses and deferred charges

beginning of year $5,272 · end of year $7,960

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

$6,610,737

10b · Land, buildings and equipment: accumulated depreciation

$3,672,001

10c · Land, buildings and equipment, net

beginning of year $3,016,510 · end of year $2,938,736

15 · Other assets

beginning of year $219,180 · end of year $192,855

17 · Accounts payable and accrued expenses

beginning of year $27,064 · end of year $38,285

19 · Deferred revenue

beginning of year $86,387 · end of year $45,035

24 · Unsecured notes and loans payable

beginning of year $32,679 · end of year $45,180

27 · Net assets without donor restrictions

beginning of year $3,025,559 · end of year $2,998,090

28 · Net assets with donor restrictions

beginning of year $177,480 · end of year $192,855