Form 990 for tax year 2022

1e · Government grants (contributions)

$1,849,168

1f · All other contributions, gifts and grants

$3,868,205

1g · Noncash contributions included above

$1,449,982

2a · Program service revenue: TUITION

total $3,814,638 · related or exempt $3,814,638

2b · Program service revenue: ROOM AND BOARD

total $1,513,075 · related or exempt $1,513,075

2c · Program service revenue: OTHER

total $111,786 · related or exempt $111,786

3 · Investment income

total $180,328 · excluded $180,328

7a · Gross sales of assets other than inventory

securities $1,386,525

7b · Less cost or other basis and sales expenses

securities $1,449,982

7c · Gain or loss

securities -$63,457

7d · Net gain or loss

total -$63,457 · excluded -$63,457

10a · Gross sales of inventory

$3,724

10b · Cost of goods sold

$9,162

10c · Net income from sales of inventory

total -$5,438 · related or exempt -$5,438

2 · Grants to domestic individuals

total $1,846,791 · program services $1,846,791

5 · Compensation of officers, directors and key employees

total $427,236 · management and general $395,262 · fundraising $31,974

7 · Other salaries and wages

total $2,968,259 · program services $2,665,553 · management and general $254,706 · fundraising $48,000

8 · Pension plan contributions

total $91,265 · program services $21,793 · management and general $61,770 · fundraising $7,702

9 · Other employee benefits

total $162,890 · program services $162,890

10 · Payroll taxes

total $242,532 · program services $190,234 · management and general $46,918 · fundraising $5,380

11b · Fees: legal

total -$14,910 · management and general -$14,910

11c · Fees: accounting

total $43,234 · management and general $43,234

13 · Office expenses

total $1,610,094 · program services $1,365,570 · management and general $216,782 · fundraising $27,742

17 · Travel

total $105,883 · program services $93,738 · management and general $11,317 · fundraising $828

19 · Conferences, conventions and meetings

total $296,352 · program services $113,111 · management and general $178,311 · fundraising $4,930

20 · Interest

total $295,436 · program services $215,717 · management and general $79,719

22 · Depreciation, depletion and amortization

total $734,493 · program services $640,852 · management and general $93,641

23 · Insurance

total $24,834 · program services $24,834

24a · Other expenses: CONTRACTED SERVICES

total $1,270,937 · program services $1,085,040 · management and general $185,897

24b · Other expenses: OTHER EXPENSES

total $432,630 · program services $225,079 · management and general $207,551

24c · Other expenses: BAD DEBT AND COLLECTION

total $120,724 · management and general $120,724

24d · Other expenses: DUES

total $70,814 · program services $20,077 · management and general $41,255 · fundraising $9,482

24e · All other expenses

total $80,081 · program services $44,981 · management and general $35,100

1 · Cash, non-interest-bearing

beginning of year $2,076,356 · end of year $1,941,699

2 · Savings and temporary cash investments

end of year $73,000

3 · Pledges and grants receivable

beginning of year $210,385 · end of year $556,647

4 · Accounts receivable

beginning of year $79,873 · end of year $33,087

8 · Inventories for sale or use

beginning of year $32,531 · end of year $26,326

9 · Prepaid expenses and deferred charges

beginning of year $82,159 · end of year $159,429

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

$34,652,520

10b · Land, buildings and equipment: accumulated depreciation

$17,271,358

10c · Land, buildings and equipment, net

beginning of year $17,992,172 · end of year $17,381,162

11 · Investments: publicly traded securities

beginning of year $8,913,157 · end of year $10,234,404

17 · Accounts payable and accrued expenses

beginning of year $334,671 · end of year $257,428

19 · Deferred revenue

beginning of year $91,642 · end of year $89,192

23 · Secured mortgages and notes payable

beginning of year $10,035,429 · end of year $9,797,085

25 · Other liabilities

beginning of year $82,136 · end of year $69,076

27 · Net assets without donor restrictions

beginning of year $10,817,212 · end of year $10,672,733

28 · Net assets with donor restrictions

beginning of year $8,025,543 · end of year $9,520,240