Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $565,342

• 1f · All other contributions, gifts and grants

  $1,676,559

• 1g · Noncash contributions included above

  $44,277

• 2a · Program service revenue: TUITION AND FEES

  total $8,700,308 · related or exempt $8,700,308

• 2b · Program service revenue: STUDENT SERVICES

  total $68,065 · related or exempt $68,065

• 3 · Investment income

  total $297,706 · excluded $297,706

• 6a · Gross rents

  real property $1,720

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,720

• 6d · Net rental income or loss

  total $1,720 · excluded $1,720

• 7a · Gross sales of assets other than inventory

  securities $33,649

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

  securities $33,422

• 7c · Gain or loss

  securities $227

• 7d · Net gain or loss

  total $227 · excluded $227

• 8a · Fundraising events: gross income

  $73,620

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

  $565,342

• 8b · Fundraising events: direct expenses

  $55,273

• 8c · Net income from fundraising events

  total $18,347 · excluded $18,347

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,761,188 · program services $1,761,188

• 5 · Compensation of officers, directors and key employees

  total $583,047 · program services $108,989 · management and general $365,069 · fundraising $108,989

• 7 · Other salaries and wages

  total $4,659,819 · program services $3,832,320 · management and general $573,154 · fundraising $254,345

• 8 · Pension plan contributions

  total $200,835 · program services $165,444 · management and general $24,984 · fundraising $10,407

• 9 · Other employee benefits

  total $484,022 · program services $380,648 · management and general $72,677 · fundraising $30,697

• 10 · Payroll taxes

  total $398,920 · program services $301,990 · management and general $69,712 · fundraising $27,218

• 11b · Fees: legal

  total $79,860 · management and general $79,860

• 11c · Fees: accounting

  total $50,000 · management and general $50,000

• 11f · Fees: investment management

  total $383 · management and general $383

• 11g · Fees: other

  total $254,667 · program services $24,229 · management and general $176,861 · fundraising $53,577

• 12 · Advertising and promotion

  total $10 · fundraising $10

• 13 · Office expenses

  total $315,206 · program services $216,315 · management and general $57,830 · fundraising $41,061

• 16 · Occupancy

  total $323,374 · program services $251,913 · management and general $50,009 · fundraising $21,452

• 17 · Travel

  total $283,658 · program services $283,658

• 22 · Depreciation, depletion and amortization

  total $1,061,417 · program services $824,122 · management and general $167,117 · fundraising $70,178

• 23 · Insurance

  total $141,612 · program services $110,318 · management and general $21,900 · fundraising $9,394

• 24a · Other expenses: SMALL EQUIPMENT

  total $316,611 · program services $246,510 · management and general $49,086 · fundraising $21,015

• 24b · Other expenses: PROGRAM EXPENSES

  total $258,774 · program services $258,774

• 24c · Other expenses: MISCELLANEOUS

  total $41,332 · program services $41,332

• 24d · Other expenses: DUES AND SUBSCRIPTIONS

  total $32,552 · program services $32,552

• 24e · All other expenses

  total $52,739 · program services $34,965 · management and general $8,025 · fundraising $9,749

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $695,969 · end of year $282,146

• 2 · Savings and temporary cash investments

  beginning of year $12,166,150 · end of year $2,986,917

• 3 · Pledges and grants receivable

  beginning of year $3,713,680 · end of year $1,273,541

• 4 · Accounts receivable

  beginning of year $2,720,760 · end of year $3,550,879

• 9 · Prepaid expenses and deferred charges

  beginning of year $319,477 · end of year $291,182

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

  $3,153,551

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

  $2,424,324

• 10c · Land, buildings and equipment, net

  beginning of year $903,039 · end of year $729,227

• 11 · Investments: publicly traded securities

  beginning of year $6,313,603 · end of year $18,737,378

• 15 · Other assets

  beginning of year $51,148 · end of year $5,763,037

• 17 · Accounts payable and accrued expenses

  beginning of year $777,452 · end of year $834,812

• 19 · Deferred revenue

  beginning of year $6,854,860 · end of year $7,203,584

• 25 · Other liabilities

  beginning of year $128,346 · end of year $5,925,767

• 27 · Net assets without donor restrictions

  beginning of year $6,480,660 · end of year $6,597,646

• 28 · Net assets with donor restrictions

  beginning of year $12,642,508 · end of year $13,052,498

The filer's explanations (Part III)

PART I, LINE 7

TESHA MCCORD'S CONSULTING BUSINESS RECEIVED $50,000 FOR INDEPENDENT CONTRACT WORK TO TRANSITION FUNDRAISING ACTIVITIES.