Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $927,108

• 1c · Fundraising events

  $61,565

• 1e · Government grants (contributions)

  $3,046,519

• 1f · All other contributions, gifts and grants

  $3,951,781

• 2a · Program service revenue: TUITION AND FEES

  total $8,873,244 · related or exempt $8,873,244

• 2b · Program service revenue: OTHER PROGRAM SERVICE FEES

  total $1,113,077 · related or exempt $1,113,077

• 3 · Investment income

  total $59,335 · excluded $59,335

• 6a · Gross rents

  real property $56,991

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $56,991

• 6d · Net rental income or loss

  total $56,991 · related or exempt $45,291 · excluded $11,700

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

  securities $2,818 · other assets $757

• 7c · Gain or loss

  securities -$2,818 · other assets -$757

• 7d · Net gain or loss

  total -$3,575 · related or exempt -$757 · excluded -$2,818

• 8a · Fundraising events: gross income

  $91,818

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

  $61,565

• 8b · Fundraising events: direct expenses

  $60,409

• 8c · Net income from fundraising events

  total $31,409 · excluded $31,409

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $734,623 · program services $635,129 · management and general $99,238 · fundraising $256

• 7 · Other salaries and wages

  total $9,758,056 · program services $8,436,477 · management and general $1,318,184 · fundraising $3,395

• 8 · Pension plan contributions

  total $143,247 · program services $121,400 · management and general $16,056 · fundraising $5,791

• 9 · Other employee benefits

  total $854,161 · program services $723,894 · management and general $95,739 · fundraising $34,528

• 10 · Payroll taxes

  total $827,064 · program services $699,104 · management and general $102,300 · fundraising $25,660

• 11b · Fees: legal

  total $36,287 · program services $16,742 · management and general $13,904 · fundraising $5,641

• 11c · Fees: accounting

  total $164,786 · management and general $164,786

• 11d · Fees: lobbying

  total $47,500 · program services $47,500

• 11g · Fees: other

  total $799,479 · program services $446,450 · management and general $206,046 · fundraising $146,983

• 12 · Advertising and promotion

  total $273,904 · program services $2,990 · management and general $79,160 · fundraising $191,754

• 14 · Information technology

  total $192,345 · program services $15,722 · management and general $146,154 · fundraising $30,469

• 16 · Occupancy

  total $793,669 · program services $608,877 · management and general $184,792

• 17 · Travel

  total $106,916 · program services $87,743 · management and general $18,089 · fundraising $1,084

• 19 · Conferences, conventions and meetings

  total $40,218 · program services $10,124 · management and general $26,661 · fundraising $3,433

• 20 · Interest

  total $159,642 · program services $80,215 · management and general $79,427

• 22 · Depreciation, depletion and amortization

  total $660,702 · program services $560,056 · management and general $100,646

• 23 · Insurance

  total $56,889 · program services $9,305 · management and general $47,584

• 24a · Other expenses: SUPPLIES

  total $1,106,972 · program services $1,070,271 · management and general $27,758 · fundraising $8,943

• 24b · Other expenses: TRAINING

  total $144,401 · program services $103,542 · management and general $36,823 · fundraising $4,036

• 24c · Other expenses: COMMUNICATION

  total $113,983 · program services $48,945 · management and general $64,523 · fundraising $515

• 24d · Other expenses: EQUIPMENT

  total $81,956 · program services $59,558 · management and general $22,398

• 24e · All other expenses

  total $239,897 · program services $98,381 · management and general $133,645 · fundraising $7,871

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $117,521 · end of year $116,996

• 2 · Savings and temporary cash investments

  beginning of year $1,497,212 · end of year $1,189,005

• 3 · Pledges and grants receivable

  beginning of year $378,863 · end of year $1,663,242

• 4 · Accounts receivable

  beginning of year $1,147,008 · end of year $654,008

• 9 · Prepaid expenses and deferred charges

  beginning of year $69,691 · end of year $45,574

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

  $12,075,278

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

  $6,306,699

• 10c · Land, buildings and equipment, net

  beginning of year $6,036,386 · end of year $5,768,579

• 11 · Investments: publicly traded securities

  beginning of year $2,639,988 · end of year $3,375,940

• 15 · Other assets

  beginning of year $869,487 · end of year $714,454

• 17 · Accounts payable and accrued expenses

  beginning of year $1,274,676 · end of year $1,199,980

• 19 · Deferred revenue

  beginning of year $40,034 · end of year $48,540

• 23 · Secured mortgages and notes payable

  beginning of year $2,929,540 · end of year $2,963,030

• 25 · Other liabilities

  beginning of year $1,998,236 · end of year $1,817,122

• 27 · Net assets without donor restrictions

  beginning of year $5,143,337 · end of year $4,604,817

• 28 · Net assets with donor restrictions

  beginning of year $1,370,333 · end of year $2,894,309

The filer's explanations (Part III)

PART I, LINE 4B

SHANNON STARKEY-TAYLOR AND PATRICIA GLEASON PARTICIPATED IN A SECTION 457F PLAN. NO CONTRIBUTIONS WERE MADE TO THIS PLAN IN 2024.