Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $35,389

• 1c · Fundraising events

  $14,978

• 1e · Government grants (contributions)

  $2,016,753

• 1f · All other contributions, gifts and grants

  $7,102,008

• 1g · Noncash contributions included above

  $361,931

• 2a · Program service revenue: TUITION AND FEES

  total $76,282,750 · related or exempt $76,282,750

• 2b · Program service revenue: ROOM & BOARD

  total $18,319,062 · related or exempt $18,319,062

• 2c · Program service revenue: AUXILIARY ENTERPRISES

  total $1,713,384 · related or exempt $1,324,281 · unrelated business $389,103

• 2d · Program service revenue: HUMAN PERFORMANCE LAB

  total $1,443 · related or exempt $1,443

• 3 · Investment income

  total $1,189,107 · unrelated business $227,245 · excluded $961,862

• 5 · Royalties

  total $23,975 · related or exempt $23,975

• 6a · Gross rents

  real property $1,078,168

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,078,168

• 6d · Net rental income or loss

  total $1,078,168 · unrelated business $963,426 · excluded $114,742

• 7a · Gross sales of assets other than inventory

  other assets $5,800

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

  other assets $162,706

• 7c · Gain or loss

  other assets -$156,906

• 7d · Net gain or loss

  total -$156,906 · excluded -$156,906

• 8a · Fundraising events: gross income

  $36,363

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

  $14,978

• 8b · Fundraising events: direct expenses

  $18,482

• 8c · Net income from fundraising events

  total $17,881 · excluded $17,881

• 9a · Gaming: gross income

  $22,370

• 9b · Gaming: direct expenses

  $13,439

• 9c · Net income from gaming

  total $8,931 · excluded $8,931

• 10a · Gross sales of inventory

  $1,426,029

• 10b · Cost of goods sold

  $1,080,607

• 10c · Net income from sales of inventory

  total $345,422 · excluded $345,422

• 11a · Other revenue: RELATED PARTY REIMBURSEMENT

  total $1,117,279 · excluded $1,117,279

• 11b · Other revenue: REBATES

  total $71,850 · excluded $71,850

• 11c · Other revenue: ONLINE EDUCATION COURSES

  total $26,673 · related or exempt $26,673

• 11d · All other revenue

  total $72,461 · related or exempt $14,458 · excluded $58,003

• 11e · Other revenue, total

  $1,288,263

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $36,145,132 · program services $36,145,132

• 5 · Compensation of officers, directors and key employees

  total $1,753,296 · program services $261,974 · management and general $1,044,881 · fundraising $446,441

• 7 · Other salaries and wages

  total $31,387,098 · program services $25,837,420 · management and general $5,021,936 · fundraising $527,742

• 8 · Pension plan contributions

  total $1,520,869 · program services $1,247,113 · management and general $243,339 · fundraising $30,417

• 9 · Other employee benefits

  total $7,250,223 · program services $5,945,183 · management and general $1,160,036 · fundraising $145,004

• 10 · Payroll taxes

  total $2,238,926 · program services $1,835,919 · management and general $358,228 · fundraising $44,779

• 11b · Fees: legal

  total $143,914 · management and general $143,914

• 11c · Fees: accounting

  total $142,606 · management and general $142,606

• 11f · Fees: investment management

  total $57,669 · management and general $57,669

• 11g · Fees: other

  total $59,987 · management and general $59,987

• 12 · Advertising and promotion

  total $1,203,382 · program services $1,203,382

• 13 · Office expenses

  total $2,250,551 · program services $1,687,913 · management and general $495,121 · fundraising $67,517

• 14 · Information technology

  total $1,324,561 · program services $1,006,666 · management and general $304,649 · fundraising $13,246

• 16 · Occupancy

  total $2,422,130 · program services $2,325,245 · management and general $72,664 · fundraising $24,221

• 17 · Travel

  total $357,860 · program services $275,552 · management and general $53,679 · fundraising $28,629

• 19 · Conferences, conventions and meetings

  total $80,704 · program services $61,335 · management and general $17,755 · fundraising $1,614

• 20 · Interest

  total $2,483,382 · program services $2,483,382

• 22 · Depreciation, depletion and amortization

  total $6,406,896 · program services $6,150,620 · management and general $192,207 · fundraising $64,069

• 23 · Insurance

  total $945,140 · program services $907,335 · management and general $28,354 · fundraising $9,451

• 24a · Other expenses: CONTRACTED SERVICES

  total $3,006,036 · program services $2,314,648 · management and general $661,328 · fundraising $30,060

• 24b · Other expenses: COST OF FOOD

  total $2,712,923 · program services $2,712,923

• 24c · Other expenses: STUDENT PROGRAMS

  total $2,002,540 · program services $2,002,540

• 24d · Other expenses: EQUIPMENT

  total $1,032,801 · program services $784,929 · management and general $237,544 · fundraising $10,328

• 24e · All other expenses

  total $5,367,486 · program services $4,374,373 · management and general $946,489 · fundraising $46,624

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,500 · end of year $4,050

• 2 · Savings and temporary cash investments

  beginning of year $11,230,757 · end of year $10,535,626

• 3 · Pledges and grants receivable

  beginning of year $1,649,517 · end of year $2,928,027

• 4 · Accounts receivable

  beginning of year $2,949,756 · end of year $3,951,191

• 7 · Other notes and loans receivable

  beginning of year $109,898 · end of year $87,721

• 8 · Inventories for sale or use

  beginning of year $398,604 · end of year $407,670

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,642,431 · end of year $1,610,894

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

  $204,515,242

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

  $111,525,171

• 10c · Land, buildings and equipment, net

  beginning of year $96,284,915 · end of year $92,990,071

• 11 · Investments: publicly traded securities

  beginning of year $34,547,526 · end of year $39,404,974

• 12 · Investments: other securities

  beginning of year $79,336,104 · end of year $82,378,299

• 15 · Other assets

  beginning of year $4,112,242 · end of year $4,842,725

• 17 · Accounts payable and accrued expenses

  beginning of year $5,348,803 · end of year $3,567,650

• 20 · Tax-exempt bond liabilities

  beginning of year $56,120,621 · end of year $55,816,283

• 21 · Escrow or custodial account liability

  beginning of year $3,386,524 · end of year $3,220,743

• 23 · Secured mortgages and notes payable

  beginning of year $1,421,628 · end of year $946,314

• 25 · Other liabilities

  beginning of year $11,509,224 · end of year $11,443,344

• 27 · Net assets without donor restrictions

  beginning of year $51,036,080 · end of year $50,680,998

• 28 · Net assets with donor restrictions

  beginning of year $103,443,370 · end of year $113,465,916

The filer's explanations (Part III)

PART I, LINE 7

THE PRESIDENT RECEIVED A PERFORMANCE BASED BONUS PURSUANT TO OBJECTIVE PERFORMANCE CRITERIA ESTABLISHED IN ADVANCE BY THE BOARD OF DIRECTORS. THE CRITERIA WERE DESIGNED TO EVALUATE ORGANIZATIONAL PERFORMANCE AND EXECUTIVE LEADERSHIP USING DEFINED, MEASURABLE BENCHMARKS. PERFORMANCE AGAINST THESE CRITERIA WAS REVIEWED BY THE BOARD (OR AN AUTHORIZED COMMITTEE THEREOF), AND THE BONUS WAS APPROVED BASED ON ACHIEVEMENT OF THE ESTABLISHED OBJECTIVES IN ACCORDANCE WITH THE ORGANIZATION'S EXECUTIVE COMPENSATION PRACTICES. ALL OTHER BONUSES REPORTED ON SCHEDULE J REPRESENT RETENTION BONUSES.