Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $280,150

• 1f · All other contributions, gifts and grants

  $359,315

• 1g · Noncash contributions included above

  $137,396

• 2a · Program service revenue: TUITION AND FEES

  total $19,919,686 · related or exempt $19,919,686

• 2b · Program service revenue: CONTINUING EDUCATION

  total $504,358 · related or exempt $504,358

• 2c · Program service revenue: EDUCATIONAL CLINIC

  total $400,454 · related or exempt $400,454

• 2d · Program service revenue: WAVE CONFERENCE REVENUE

  total $153,276 · related or exempt $153,276

• 2e · Program service revenue: OTHER PROGRAM REVENUE

  total $5,700 · related or exempt $5,700

• 3 · Investment income

  total $111,305 · excluded $111,305

• 7a · Gross sales of assets other than inventory

  securities $2,139,869 · other assets $52,800,000

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

  securities $1,736,247 · other assets $22,005,191

• 7c · Gain or loss

  securities $403,622 · other assets $30,794,809

• 7d · Net gain or loss

  total $31,198,431 · excluded $31,198,431

• 10a · Gross sales of inventory

  $217,526

• 10b · Cost of goods sold

  $496,976

• 10c · Net income from sales of inventory

  total -$279,450 · excluded -$279,450

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $401,012 · program services $401,012

• 5 · Compensation of officers, directors and key employees

  total $1,246,964 · program services $1,077,701 · management and general $169,263

• 7 · Other salaries and wages

  total $11,544,042 · program services $10,691,548 · management and general $542,125 · fundraising $310,369

• 8 · Pension plan contributions

  total $173,950 · program services $159,908 · management and general $9,258 · fundraising $4,784

• 9 · Other employee benefits

  total $1,268,541 · program services $1,145,959 · management and general $67,456 · fundraising $55,126

• 10 · Payroll taxes

  total $914,472 · program services $845,462 · management and general $47,228 · fundraising $21,782

• 11b · Fees: legal

  total $125,635 · program services $114,587 · management and general $7,696 · fundraising $3,352

• 11c · Fees: accounting

  total $68,410 · management and general $68,410

• 11g · Fees: other

  total $790,088 · program services $653,977 · management and general $125,172 · fundraising $10,939

• 12 · Advertising and promotion

  total $401,169 · program services $385,150 · management and general $7,469 · fundraising $8,550

• 13 · Office expenses

  total $672,337 · program services $570,859 · management and general $60,833 · fundraising $40,645

• 14 · Information technology

  total $1,099,667 · program services $1,007,084 · management and general $48,913 · fundraising $43,670

• 16 · Occupancy

  total $3,591,321 · program services $3,329,131 · management and general $181,970 · fundraising $80,220

• 17 · Travel

  total $433,948 · program services $401,286 · management and general $22,831 · fundraising $9,831

• 19 · Conferences, conventions and meetings

  total $445,129 · program services $333,162 · management and general $8,320 · fundraising $103,647

• 22 · Depreciation, depletion and amortization

  total $620,118 · program services $565,647 · management and general $37,786 · fundraising $16,685

• 23 · Insurance

  total $246,966 · program services $224,730 · management and general $13,585 · fundraising $8,651

• 24a · Other expenses: STUDENT ACTIVITIES

  total $277,224 · program services $277,224

• 24b · Other expenses: MISC ATHLETICS COSTS

  total $63,446 · program services $63,446

• 24c · Other expenses: OTHER BAD DEBT

  total $53,682 · management and general $99,732 · fundraising -$46,050

• 24d · Other expenses: SPECIAL PROJECTS

  total $42,331 · program services $38,227 · management and general $4,104

• 24e · All other expenses

  total $6,255 · program services $6,076 · management and general $179

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $504,999 · end of year $419,147

• 2 · Savings and temporary cash investments

  beginning of year $2,436,786 · end of year $1,444,607

• 3 · Pledges and grants receivable

  beginning of year $541,494 · end of year $436,088

• 4 · Accounts receivable

  beginning of year $201,290 · end of year $269,771

• 8 · Inventories for sale or use

  beginning of year $499,212 · end of year $129,236

• 9 · Prepaid expenses and deferred charges

  beginning of year $328,531 · end of year $375,510

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

  $11,280,758

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

  $8,155,911

• 10c · Land, buildings and equipment, net

  beginning of year $24,423,721 · end of year $3,124,847

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $39,347,161

• 15 · Other assets

  beginning of year $17,716 · end of year $6,154,110

• 17 · Accounts payable and accrued expenses

  beginning of year $1,104,948 · end of year $1,198,511

• 19 · Deferred revenue

  beginning of year $946,584 · end of year $1,038,450

• 23 · Secured mortgages and notes payable

  beginning of year $12,317,985 · end of year $0

• 25 · Other liabilities

  beginning of year $250,000 · end of year $6,311,154

• 27 · Net assets without donor restrictions

  beginning of year $13,861,378 · end of year $42,768,535

• 28 · Net assets with donor restrictions

  beginning of year $472,854 · end of year $383,827

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT, CHIEF STRATEGY OFFICER AND CHIEF FINANCIAL OFFICER (THRU 11/2022) ARE PROVIDED A NONTAXABLE HOUSING BENEFIT.