Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $1,363,163

• 1g · Noncash contributions included above

  $67,323

• 2a · Program service revenue: Academic instruction

  total $12,913,824 · unrelated business $0 · excluded $0

• 2b · Program service revenue: Student activities

  total $876,616 · unrelated business $0 · excluded $0

• 2c · Program service revenue: Auxiliary services

  total $7,562 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $157,357 · unrelated business $0 · excluded $157,357

• 8a · Fundraising events: gross income

  $159,112

• 8b · Fundraising events: direct expenses

  $64,870

• 8c · Net income from fundraising events

  total $94,242 · unrelated business $0 · excluded $94,242

• 10a · Gross sales of inventory

  $397,371

• 10b · Cost of goods sold

  $174,559

• 10c · Net income from sales of inventory

  total $222,812 · excluded $222,812

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $33,855 · program services $33,855

• 5 · Compensation of officers, directors and key employees

  total $422,229 · program services $169,778 · management and general $177,227 · fundraising $75,224

• 7 · Other salaries and wages

  total $8,490,479 · program services $7,870,168 · management and general $322,785 · fundraising $297,526

• 8 · Pension plan contributions

  total $148,016 · program services $131,155 · management and general $11,113 · fundraising $5,748

• 9 · Other employee benefits

  total $596,014 · program services $595,468 · management and general $546 · fundraising $0

• 10 · Payroll taxes

  total $627,851 · program services $565,382 · management and general $37,724 · fundraising $24,745

• 11f · Fees: investment management

  total $69,317 · program services $17,329 · management and general $34,659 · fundraising $17,329

• 12 · Advertising and promotion

  total $98,104 · program services $66,588 · management and general $2,315 · fundraising $29,201

• 13 · Office expenses

  total $453,512 · program services $343,756 · management and general $36,685 · fundraising $73,071

• 14 · Information technology

  total $233,339 · program services $157,411 · management and general $74,352 · fundraising $1,576

• 16 · Occupancy

  total $1,329,220 · program services $1,141,008 · management and general $158,838 · fundraising $29,374

• 17 · Travel

  total $36,918 · program services $16,832 · management and general $7,856 · fundraising $12,230

• 19 · Conferences, conventions and meetings

  total $80,938 · program services $64,088 · management and general $10,478 · fundraising $6,372

• 20 · Interest

  total $135,778 · program services $104,549 · management and general $27,156 · fundraising $4,073

• 22 · Depreciation, depletion and amortization

  total $1,534,901 · program services $1,181,875 · management and general $306,979 · fundraising $46,047

• 23 · Insurance

  total $204,826 · program services $169,735 · management and general $34,885 · fundraising $206

• 24a · Other expenses: Academic programs

  total $461,126 · program services $461,126 · management and general $0 · fundraising $0

• 24b · Other expenses: Cocurricular programs

  total $540,374 · program services $540,374 · management and general $0 · fundraising $0

• 24c · Other expenses: Other program expenses

  total $662,224 · program services $452,519 · management and general $195,827 · fundraising $13,878

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,065,517 · end of year $4,588,772

• 2 · Savings and temporary cash investments

  beginning of year $111,752 · end of year $402,737

• 3 · Pledges and grants receivable

  beginning of year $1,452,601 · end of year $1,188,759

• 4 · Accounts receivable

  beginning of year $7,962,148 · end of year $8,339,676

• 7 · Other notes and loans receivable

  beginning of year $197 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $160,772 · end of year $197,993

• 9 · Prepaid expenses and deferred charges

  beginning of year $78,828 · end of year $99,722

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

  $41,723,822

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

  $24,292,120

• 10c · Land, buildings and equipment, net

  beginning of year $17,736,139 · end of year $17,431,702

• 11 · Investments: publicly traded securities

  beginning of year $839,064 · end of year $908,538

• 15 · Other assets

  beginning of year $215,259 · end of year $90,716

• 17 · Accounts payable and accrued expenses

  beginning of year $844,206 · end of year $597,191

• 18 · Grants payable

  beginning of year $37,473 · end of year $26,307

• 19 · Deferred revenue

  beginning of year $12,955,282 · end of year $13,728,348

• 23 · Secured mortgages and notes payable

  beginning of year $3,464,286 · end of year $3,044,394

• 27 · Net assets without donor restrictions

  beginning of year $13,429,248 · end of year $13,427,336

• 28 · Net assets with donor restrictions

  beginning of year $2,891,782 · end of year $2,425,039

The filer's explanations (Part III)

Pt I Line 4a

Severance payment to John Adams of $109,676.