Form 990 for tax year 2022

1e · Government grants (contributions)

$164,137

1f · All other contributions, gifts and grants

$982,283

2a · Program service revenue: TUITION & FEES

total $5,739,317 · related or exempt $5,739,317

2b · Program service revenue: AUXILIARY ENTERPRISES

total $1,855,954 · related or exempt $1,855,954

3 · Investment income

total $110,011 · excluded $110,011

7a · Gross sales of assets other than inventory

other assets $3,779

7b · Less cost or other basis and sales expenses

other assets $0

7c · Gain or loss

other assets $3,779

7d · Net gain or loss

total $3,779 · excluded $3,779

11a · Other revenue: MISCELLANEOUS

total $116,608 · excluded $116,608

11e · Other revenue, total

$116,608

5 · Compensation of officers, directors and key employees

total $392,415 · program services $164,165 · management and general $161,508 · fundraising $66,742

7 · Other salaries and wages

total $4,189,139 · program services $3,432,104 · management and general $757,035

9 · Other employee benefits

total $1,013,268 · program services $795,360 · management and general $217,812 · fundraising $96

11c · Fees: accounting

total $40,900 · management and general $40,900

11g · Fees: other

total $179,566 · management and general $179,566

12 · Advertising and promotion

total $258,333 · management and general $258,333

13 · Office expenses

total $615,024 · management and general $615,024

20 · Interest

total $337,002 · program services $330,262 · management and general $6,740

22 · Depreciation, depletion and amortization

total $585,819 · program services $574,103 · management and general $11,716

23 · Insurance

total $80,368 · management and general $80,368

24a · Other expenses: EDUCATIONAL EXPENSES

total $2,145,718 · program services $2,145,718

24b · Other expenses: ADMINISTRATIVE EXPENSES

total $1,005,844 · management and general $1,005,844

1 · Cash, non-interest-bearing

beginning of year $119,060 · end of year $166,945

3 · Pledges and grants receivable

beginning of year $2,264 · end of year $0

4 · Accounts receivable

beginning of year $230,913 · end of year $192,037

8 · Inventories for sale or use

beginning of year $23,818 · end of year $23,818

9 · Prepaid expenses and deferred charges

beginning of year $422,143 · end of year $378,090

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

$26,567,901

10b · Land, buildings and equipment: accumulated depreciation

$18,875,486

10c · Land, buildings and equipment, net

beginning of year $8,149,034 · end of year $7,692,415

15 · Other assets

beginning of year $3,306,199 · end of year $1,226,707

17 · Accounts payable and accrued expenses

beginning of year $1,410,638 · end of year $776,577

19 · Deferred revenue

beginning of year $290,314 · end of year $480,115

23 · Secured mortgages and notes payable

beginning of year $4,363,610 · end of year $4,761,021

25 · Other liabilities

beginning of year $883,512 · end of year $370,212

27 · Net assets without donor restrictions

beginning of year $2,924,151 · end of year $1,076,058

28 · Net assets with donor restrictions

beginning of year $2,381,206 · end of year $2,216,029