Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,465,129

• 2a · Program service revenue: MANAGEMENT FEES

  total $4,828,411 · related or exempt $4,828,411

• 3 · Investment income

  total $4 · excluded $4

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $954,583 · program services $764,039 · management and general $190,544

• 7 · Other salaries and wages

  total $1,170,411 · program services $880,195 · management and general $290,216

• 8 · Pension plan contributions

  total $24,159 · program services $18,624 · management and general $5,535

• 9 · Other employee benefits

  total $152,245 · program services $115,963 · management and general $36,282

• 10 · Payroll taxes

  total $148,827 · program services $115,033 · management and general $33,794

• 11b · Fees: legal

  total $237,288 · management and general $237,288

• 11c · Fees: accounting

  total $48,717 · management and general $48,717

• 11g · Fees: other

  total $263,850 · program services $123,841 · management and general $2,672 · fundraising $137,337

• 12 · Advertising and promotion

  total $185,921 · program services $185,921

• 13 · Office expenses

  total $82,566 · program services $80,843 · management and general $1,723

• 14 · Information technology

  total $5,591 · program services $5,032 · management and general $559

• 17 · Travel

  total $318,328 · program services $318,328

• 20 · Interest

  total $16,156 · management and general $16,156

• 22 · Depreciation, depletion and amortization

  total $730 · program services $657 · management and general $73

• 23 · Insurance

  total $27,184 · management and general $27,184

• 24a · Other expenses: CAMPUS SUPPORT

  total $2,498,680 · program services $2,498,680

• 24b · Other expenses: CREDIT LOSS EXPENSE

  total $896,677 · management and general $896,677

• 24c · Other expenses: DUES AND PUBLICATIONS

  total $31,074 · program services $31,074

• 24e · All other expenses

  total $2,802 · program services $2,227 · management and general $575

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $603,708 · end of year $285,765

• 4 · Accounts receivable

  beginning of year $1,550,548 · end of year $25,278

• 7 · Other notes and loans receivable

  end of year $1,360,747

• 9 · Prepaid expenses and deferred charges

  beginning of year $31,129 · end of year $25,588

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

  $6,402

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

  $6,098

• 10c · Land, buildings and equipment, net

  beginning of year $1,034 · end of year $304

• 15 · Other assets

  beginning of year $2,267,472 · end of year $999,233

• 17 · Accounts payable and accrued expenses

  beginning of year $817,036 · end of year $582,305

• 19 · Deferred revenue

  beginning of year $250,000 · end of year $250,000

• 23 · Secured mortgages and notes payable

  beginning of year $750,000

• 27 · Net assets without donor restrictions

  beginning of year $2,636,855 · end of year $1,864,610

The filer's explanations (Part III)

PART I, LINE 3

EXECUTIVE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS.