Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $3,184,130

• 1g · Noncash contributions included above

  $1,169

• 2a · Program service revenue: Gross Tuition and Fees

  total $25,698,731 · related or exempt $25,698,731

• 2b · Program service revenue: Fed Grants & Contracts

  total $1,959,319 · related or exempt $1,959,319

• 2c · Program service revenue: Team Masters Project

  total $519,766 · related or exempt $519,766

• 2d · Program service revenue: Private Contracts

  total $418,732 · related or exempt $418,732

• 2e · Program service revenue: Payments from Affiliate

  total $42,935 · related or exempt $42,935

• 2f · All other program service revenue

  total $406,294 · related or exempt $406,294

• 3 · Investment income

  total $1,217,726 · excluded $1,217,726

• 6a · Gross rents

  real property $1,996,209

• 6b · Less rental expenses

  real property $876,739

• 6c · Rental income or loss

  real property $1,119,470

• 6d · Net rental income or loss

  total $1,119,470 · unrelated business $497,617 · excluded $621,853

• 7a · Gross sales of assets other than inventory

  securities $30,995,834

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

  securities $28,524,766

• 7c · Gain or loss

  securities $2,471,068

• 7d · Net gain or loss

  total $2,471,068 · excluded $2,471,068

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,079,024 · program services $4,079,024

• 5 · Compensation of officers, directors and key employees

  total $2,858,612 · program services $1,125,138 · management and general $1,272,718 · fundraising $460,756

• 6 · Compensation of disqualified persons

  total $452,024 · program services $452,024

• 7 · Other salaries and wages

  total $14,036,011 · program services $12,094,971 · management and general $1,617,945 · fundraising $323,095

• 8 · Pension plan contributions

  total $1,198,812 · program services $1,043,529 · management and general $142,594 · fundraising $12,689

• 9 · Other employee benefits

  total $1,552,970 · program services $1,069,450 · management and general $483,520

• 10 · Payroll taxes

  total $1,128,334 · program services $886,864 · management and general $191,813 · fundraising $49,657

• 11a · Fees: management

  total $4,984 · management and general $4,984

• 11b · Fees: legal

  total $998,183 · program services $338,324 · management and general $659,859

• 11c · Fees: accounting

  total $180,706 · management and general $180,706

• 11g · Fees: other

  total $2,167,219 · program services $1,483,077 · management and general $519,281 · fundraising $164,861

• 12 · Advertising and promotion

  total $595,430 · program services $380,924 · management and general $179,641 · fundraising $34,865

• 13 · Office expenses

  total $1,312,828 · program services $883,131 · management and general $406,429 · fundraising $23,268

• 14 · Information technology

  total $1,336,290 · program services $340,077 · management and general $907,588 · fundraising $88,625

• 16 · Occupancy

  total $1,460,603 · program services $363,853 · management and general $1,061,243 · fundraising $35,507

• 17 · Travel

  total $200,499 · program services $148,054 · management and general $34,873 · fundraising $17,572

• 19 · Conferences, conventions and meetings

  total $335,975 · program services $227,795 · management and general $44,668 · fundraising $63,512

• 20 · Interest

  total $1,179,860 · program services $44,626 · management and general $1,135,234

• 22 · Depreciation, depletion and amortization

  total $1,102,073 · program services $266,317 · management and general $835,756

• 23 · Insurance

  total $157,722 · management and general $157,722

• 24a · Other expenses: Payments to affiliates

  total $2,647,122 · program services $57,549 · management and general $2,584,574 · fundraising $4,999

• 24b · Other expenses: Building Repair

  total $88,112 · program services $88,112

• 24e · All other expenses

  total $81,229 · program services $41,561 · management and general $27,554 · fundraising $12,114

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,784,842 · end of year $4,355,788

• 2 · Savings and temporary cash investments

  beginning of year $2,486,254 · end of year $608,988

• 3 · Pledges and grants receivable

  beginning of year $3,841,419 · end of year $4,224,671

• 4 · Accounts receivable

  beginning of year $2,146,838 · end of year $1,788,929

• 7 · Other notes and loans receivable

  beginning of year $2,720,889 · end of year $2,776,221

• 9 · Prepaid expenses and deferred charges

  beginning of year $294,338 · end of year $518,739

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

  $65,558,173

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

  $17,986,742

• 10c · Land, buildings and equipment, net

  beginning of year $48,573,155 · end of year $47,571,431

• 11 · Investments: publicly traded securities

  beginning of year $55,517,193 · end of year $61,782,199

• 15 · Other assets

  beginning of year $18,490,324 · end of year $15,432,077

• 17 · Accounts payable and accrued expenses

  beginning of year $2,704,496 · end of year $3,212,284

• 19 · Deferred revenue

  beginning of year $2,334,751 · end of year $1,684,410

• 23 · Secured mortgages and notes payable

  beginning of year $37,949,230 · end of year $40,083,699

• 25 · Other liabilities

  beginning of year $8,772,994 · end of year $7,812,354

• 27 · Net assets without donor restrictions

  beginning of year $27,423,086 · end of year $30,791,428

• 28 · Net assets with donor restrictions

  beginning of year $59,670,695 · end of year $55,474,868

The filer's explanations (Part III)

Part I, Line 1b

A residence or housing allowance is provided for the outgoing President. The housing allowance is treated as taxable compensation. Housing is provided for the incoming President as a condition of employment for the convenience of the employer.