Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,343,079

• 1f · All other contributions, gifts and grants

  $3,674,993

• 1g · Noncash contributions included above

  $82,223

• 2a · Program service revenue: TUITION & FEES

  total $9,497,556 · related or exempt $9,497,556

• 2b · Program service revenue: AUXILLARY ENTERPRISES

  total $2,135,672 · related or exempt $2,135,672

• 3 · Investment income

  total $217,429 · unrelated business $6,311 · excluded $211,118

• 5 · Royalties

  total $1,636 · excluded $1,636

• 6a · Gross rents

  real property $374,936

• 6b · Less rental expenses

  real property $37,883

• 6c · Rental income or loss

  real property $337,053

• 6d · Net rental income or loss

  total $337,053 · related or exempt $337,053

• 7a · Gross sales of assets other than inventory

  securities $5,081,000 · other assets $4,000

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

  securities $4,633,536 · other assets $13,505

• 7c · Gain or loss

  securities $447,464 · other assets -$9,505

• 7d · Net gain or loss

  total $437,959 · excluded $437,959

• 10a · Gross sales of inventory

  $85,928

• 10b · Cost of goods sold

  $51,690

• 10c · Net income from sales of inventory

  total $34,238 · related or exempt $34,238

• 11a · Other revenue: OTHER INCOME

  total $136,595 · excluded $136,595

• 11e · Other revenue, total

  $136,595

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $3,896,100 · program services $3,896,100

• 5 · Compensation of officers, directors and key employees

  total $1,174,540 · program services $811,102 · management and general $299,115 · fundraising $64,323

• 7 · Other salaries and wages

  total $7,569,086 · program services $5,073,636 · management and general $2,162,864 · fundraising $332,586

• 9 · Other employee benefits

  total $676,244 · program services $454,348 · management and general $195,142 · fundraising $26,754

• 10 · Payroll taxes

  total $503,911 · program services $348,479 · management and general $127,404 · fundraising $28,028

• 11f · Fees: investment management

  total $109,778 · management and general $109,778

• 11g · Fees: other

  total $1,084,276 · program services $375,024 · management and general $670,801 · fundraising $38,451

• 12 · Advertising and promotion

  total $57,528 · program services $20,948 · management and general $36,580

• 16 · Occupancy

  total $376,441 · program services $18,645 · management and general $356,316 · fundraising $1,480

• 17 · Travel

  total $491,674 · program services $388,459 · management and general $80,676 · fundraising $22,539

• 20 · Interest

  total $364,700 · management and general $364,700

• 22 · Depreciation, depletion and amortization

  total $1,251,366 · program services $758,591 · management and general $492,775

• 23 · Insurance

  total $276,829 · program services $15,000 · management and general $261,829

• 24a · Other expenses: FOOD & HEALTH SERVICES

  total $1,080,757 · program services $1,063,312 · management and general $15,229 · fundraising $2,216

• 24b · Other expenses: EQUIPMENT AND SUPPLIES

  total $471,609 · program services $297,317 · management and general $163,457 · fundraising $10,835

• 24c · Other expenses: REPAIRS AND MAINTENANCE

  total $230,230 · program services $91,437 · management and general $138,793

• 24d · Other expenses: BAD DEBTS

  total $130,226 · management and general $130,226

• 24e · All other expenses

  total $719,354 · program services $1,902,685 · management and general -$1,251,464 · fundraising $68,133

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,405,587 · end of year $4,689,008

• 2 · Savings and temporary cash investments

  beginning of year $8,862 · end of year $4,175

• 3 · Pledges and grants receivable

  beginning of year $34,146 · end of year $464,497

• 4 · Accounts receivable

  beginning of year $797,655 · end of year $527,592

• 7 · Other notes and loans receivable

  beginning of year $2,062,409 · end of year $1,946,218

• 8 · Inventories for sale or use

  beginning of year $58,173 · end of year $68,157

• 9 · Prepaid expenses and deferred charges

  beginning of year $146,972 · end of year $220,590

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

  $50,293,430

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

  $21,664,905

• 10c · Land, buildings and equipment, net

  beginning of year $28,317,985 · end of year $28,628,525

• 11 · Investments: publicly traded securities

  beginning of year $207,924 · end of year $200,586

• 12 · Investments: other securities

  beginning of year $38,277,588 · end of year $37,948,662

• 15 · Other assets

  beginning of year $3,474,883 · end of year $3,694,520

• 17 · Accounts payable and accrued expenses

  beginning of year $1,061,349 · end of year $1,368,715

• 19 · Deferred revenue

  beginning of year $628,130 · end of year $823,713

• 20 · Tax-exempt bond liabilities

  beginning of year $4,954,106 · end of year $4,664,760

• 23 · Secured mortgages and notes payable

  beginning of year $2,379,012 · end of year $2,283,911

• 25 · Other liabilities

  beginning of year $2,229,549 · end of year $3,160,505

• 27 · Net assets without donor restrictions

  beginning of year $35,235,982 · end of year $34,242,810

• 28 · Net assets with donor restrictions

  beginning of year $29,304,056 · end of year $31,848,116

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT'S CONTRACT DETAILS THE VARIOUS PERSONAL SERVICES TO BE PAID ON HIS BEHALF.