Form 990 for tax year 2024

1c · Fundraising events

$698,100

1e · Government grants (contributions)

$21,201

1f · All other contributions, gifts and grants

$384,829

2a · Program service revenue: STUDENT TUITION & FEES

total $17,823,331 · related or exempt $17,823,331

3 · Investment income

total $826,189 · excluded $826,189

5 · Royalties

total $24,152 · excluded $24,152

6a · Gross rents

real property $6,300

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $6,300

6d · Net rental income or loss

total $6,300 · excluded $6,300

7a · Gross sales of assets other than inventory

securities $13,810,372

7b · Less cost or other basis and sales expenses

securities $12,516,638

7c · Gain or loss

securities $1,293,734

7d · Net gain or loss

total $1,293,734 · excluded $1,293,734

8a · Fundraising events: gross income

$0

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

$698,100

8b · Fundraising events: direct expenses

$197,877

8c · Net income from fundraising events

total -$197,877 · excluded -$197,877

11a · Other revenue: MISCELLANEOUS

total $6,226 · excluded $6,226

11e · Other revenue, total

$6,226

2 · Grants to domestic individuals

total $1,250,531 · program services $1,250,531

5 · Compensation of officers, directors and key employees

total $1,035,974 · program services $307,820 · management and general $728,154

7 · Other salaries and wages

total $5,996,018 · program services $4,796,975 · management and general $1,199,043

8 · Pension plan contributions

total $487,268 · program services $325,308 · management and general $161,960

9 · Other employee benefits

total $1,300,163 · program services $854,013 · management and general $446,150

10 · Payroll taxes

total $561,392 · program services $421,808 · management and general $139,584

11b · Fees: legal

total $206,279 · management and general $206,279

11c · Fees: accounting

total $76,987 · management and general $76,987

11f · Fees: investment management

total $258,648 · management and general $258,648

11g · Fees: other

total $708,866 · program services $330,680 · management and general $378,186

12 · Advertising and promotion

total $969,014 · program services $949,994 · management and general $19,020

13 · Office expenses

total $193,710 · program services $159,633 · management and general $34,077

14 · Information technology

total $571,577 · program services $420,281 · management and general $151,296

16 · Occupancy

total $2,912,021 · program services $2,880,565 · management and general $31,456

17 · Travel

total $102,492 · program services $95,769 · management and general $6,723

19 · Conferences, conventions and meetings

total $54,820 · program services $11,432 · management and general $43,388

22 · Depreciation, depletion and amortization

total $1,015,110 · program services $906,114 · management and general $108,996

23 · Insurance

total $250,641 · program services $23,500 · management and general $227,141

24a · Other expenses: BAD DEBT EXPENSE

total $525,374 · management and general $525,374

24b · Other expenses: EQUIPMENT LEASES

total $323,105 · program services $297,908 · management and general $25,197

24c · Other expenses: LIBRARY BOOKS/SUPPLIES

total $112,625 · program services $112,625

24d · Other expenses: WORKSHOPS/LECTURES

total $49,927 · program services $49,927

24e · All other expenses

total $217,867 · program services $170,790 · management and general $47,077

1 · Cash, non-interest-bearing

beginning of year $996,723 · end of year $1,147,561

2 · Savings and temporary cash investments

beginning of year $11,710,385 · end of year $11,618,071

4 · Accounts receivable

beginning of year $852,190 · end of year $122,856

9 · Prepaid expenses and deferred charges

beginning of year $161,672 · end of year $214,346

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

$31,852,611

10b · Land, buildings and equipment: accumulated depreciation

$25,055,638

10c · Land, buildings and equipment, net

beginning of year $7,676,113 · end of year $6,796,973

11 · Investments: publicly traded securities

beginning of year $38,434,112 · end of year $42,279,916

15 · Other assets

beginning of year $11,487,262 · end of year $9,444,885

17 · Accounts payable and accrued expenses

beginning of year $449,094 · end of year $499,955

19 · Deferred revenue

beginning of year $1,735,928 · end of year $1,655,354

25 · Other liabilities

beginning of year $12,059,795 · end of year $9,941,574

27 · Net assets without donor restrictions

beginning of year $49,782,208 · end of year $51,932,812

28 · Net assets with donor restrictions

beginning of year $7,291,432 · end of year $7,594,913