Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $178,264

• 1e · Government grants (contributions)

  $196,039

• 1f · All other contributions, gifts and grants

  $230,529

• 1g · Noncash contributions included above

  $1,745

• 2a · Program service revenue: TUITION AND FEES

  total $23,746,364 · related or exempt $23,746,364

• 3 · Investment income

  total $208,685 · excluded $208,685

• 6a · Gross rents

  real property $121,712

• 6b · Less rental expenses

  real property $44,582

• 6c · Rental income or loss

  real property $77,130

• 6d · Net rental income or loss

  total $77,130 · excluded $77,130

• 7a · Gross sales of assets other than inventory

  securities $2,460,133 · other assets $500

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

  securities $2,012,302 · other assets $118

• 7c · Gain or loss

  securities $447,831 · other assets $382

• 7d · Net gain or loss

  total $448,213 · excluded $448,213

• 8a · Fundraising events: gross income

  $25,800

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

  $178,264

• 8b · Fundraising events: direct expenses

  $114,452

• 8c · Net income from fundraising events

  total -$88,652 · excluded -$88,652

• 11a · Other revenue: MANAGEMENT FEES

  total $84,336 · excluded $84,336

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $1,295 · excluded $1,295

• 11e · Other revenue, total

  $85,631

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $616,646 · program services $551,898 · management and general $62,220 · fundraising $2,528

• 7 · Other salaries and wages

  total $15,376,782 · program services $13,731,801 · management and general $1,575,632 · fundraising $69,349

• 8 · Pension plan contributions

  total $380,452 · program services $344,493 · management and general $35,347 · fundraising $612

• 9 · Other employee benefits

  total $1,467,131 · program services $1,327,824 · management and general $136,797 · fundraising $2,510

• 10 · Payroll taxes

  total $1,152,252 · program services $1,042,423 · management and general $107,758 · fundraising $2,071

• 11b · Fees: legal

  total $30,924 · program services $9,357 · management and general $20,622 · fundraising $945

• 11c · Fees: accounting

  total $49,008 · program services $14,829 · management and general $32,681 · fundraising $1,498

• 11f · Fees: investment management

  total $20,352 · management and general $20,352

• 11g · Fees: other

  total $910,941 · program services $275,692 · management and general $607,561 · fundraising $27,688

• 13 · Office expenses

  total $857,187 · program services $733,662 · management and general $117,868 · fundraising $5,657

• 14 · Information technology

  total $77,909 · program services $37,692 · management and general $38,348 · fundraising $1,869

• 16 · Occupancy

  total $1,927,388 · program services $1,895,918 · management and general $31,470

• 17 · Travel

  total $138,218 · program services $112,631 · management and general $25,557 · fundraising $30

• 19 · Conferences, conventions and meetings

  total $157,030 · program services $92,126 · management and general $58,790 · fundraising $6,114

• 20 · Interest

  total $21,234 · management and general $21,234

• 22 · Depreciation, depletion and amortization

  total $1,010,935 · program services $992,043 · management and general $18,892

• 24a · Other expenses: STAFF SUPPORT

  total $146,572 · program services $83,816 · management and general $61,155 · fundraising $1,601

• 24b · Other expenses: EQUIPMENT

  total $112,008 · program services $56,197 · management and general $51,754 · fundraising $4,057

• 24c · Other expenses: SPECIAL ASSISTANCE

  total $55,078 · program services $53,131 · management and general $1,947

• 24d · Other expenses: MEMBERSHIP

  total $32,868 · program services $195 · management and general $26,683 · fundraising $5,990

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,694,487 · end of year $1,279,265

• 2 · Savings and temporary cash investments

  beginning of year $3,062,460 · end of year $5,234,324

• 4 · Accounts receivable

  beginning of year $1,601,448 · end of year $2,352,337

• 9 · Prepaid expenses and deferred charges

  beginning of year $183,247 · end of year $247,790

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

  $33,237,056

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

  $21,689,005

• 10c · Land, buildings and equipment, net

  beginning of year $11,570,389 · end of year $11,548,051

• 11 · Investments: publicly traded securities

  beginning of year $7,045,234 · end of year $5,522,765

• 15 · Other assets

  beginning of year $297,434 · end of year $974,957

• 17 · Accounts payable and accrued expenses

  beginning of year $275,997 · end of year $219,373

• 18 · Grants payable

  beginning of year $1,722,023 · end of year $1,403,336

• 19 · Deferred revenue

  beginning of year $2,899 · end of year $3,706

• 25 · Other liabilities

  beginning of year $296,131 · end of year $948,440

• 27 · Net assets without donor restrictions

  beginning of year $23,560,627 · end of year $23,716,021

• 28 · Net assets with donor restrictions

  beginning of year $597,022 · end of year $868,613

The filer's explanations (Part III)

PART I, LINE 3

THE BOARD REVIEWED THE CEO COMPENSATION BASED ON A DETAILED SURVEY FOR SIMILAR SIZED NON-PROFIT ORGANIZATIONS AND DETERMINED AN APPROPRIATE SALARY COMMENSURATE WITH THE MARKET AVERAGE SALARY.