Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $133,211

• 1e · Government grants (contributions)

  $410,659

• 1f · All other contributions, gifts and grants

  $90,908

• 1g · Noncash contributions included above

  $90,908

• 2a · Program service revenue: TUITION

  total $17,727,430 · related or exempt $17,727,430

• 2b · Program service revenue: WORK ORDERS

  total $275,423 · related or exempt $275,423

• 2c · Program service revenue: CONTINUING EDUCATION

  total $23,661 · related or exempt $23,661

• 3 · Investment income

  total $568,808 · excluded $568,808

• 6a · Gross rents

  real property $5,360

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $5,360

• 6d · Net rental income or loss

  total $5,360 · excluded $5,360

• 7a · Gross sales of assets other than inventory

  securities $2,015,619 · other assets $45,356

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

  securities $1,975,769 · other assets $5,572

• 7c · Gain or loss

  securities $39,850 · other assets $39,784

• 7d · Net gain or loss

  total $79,634 · excluded $79,634

• 10a · Gross sales of inventory

  $216,307

• 10b · Cost of goods sold

  $155,676

• 10c · Net income from sales of inventory

  total $60,631 · related or exempt $60,631

• 11a · Other revenue: ADMIN INCOME

  total $92,182 · related or exempt $92,182

• 11b · Other revenue: COMMISSION SALES INCOME

  total $20,867 · related or exempt $20,867

• 11e · Other revenue, total

  $113,049

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $177,616 · program services $177,616

• 2 · Grants to domestic individuals

  total $260,012 · program services $260,012

• 5 · Compensation of officers, directors and key employees

  total $506,876 · management and general $506,876

• 7 · Other salaries and wages

  total $8,256,911 · program services $6,649,516 · management and general $1,607,395

• 8 · Pension plan contributions

  total $355,107 · program services $278,656 · management and general $76,451

• 9 · Other employee benefits

  total $1,240,559 · program services $966,805 · management and general $273,754

• 10 · Payroll taxes

  total $757,109 · program services $585,257 · management and general $171,852

• 11b · Fees: legal

  total $7,208 · management and general $7,208

• 11c · Fees: accounting

  total $74,557 · management and general $74,557

• 11f · Fees: investment management

  total $90,701 · management and general $90,701

• 11g · Fees: other

  total $343,623 · program services $43,543 · management and general $300,080

• 12 · Advertising and promotion

  total $117,162 · program services $38,491 · management and general $78,671

• 13 · Office expenses

  total $248,349 · program services $19,945 · management and general $228,404

• 14 · Information technology

  total $545,180 · program services $7,055 · management and general $538,125

• 17 · Travel

  total $103,422 · program services $92,229 · management and general $11,193

• 19 · Conferences, conventions and meetings

  total $51,117 · program services $26,860 · management and general $24,257

• 20 · Interest

  total $76,363 · management and general $76,363

• 22 · Depreciation, depletion and amortization

  total $1,507,610 · program services $1,288,536 · management and general $219,074

• 24a · Other expenses: SUPPLIES

  total $1,591,586 · program services $1,328,559 · management and general $263,027

• 24b · Other expenses: BUILDING COSTS

  total $774,339 · program services $658,188 · management and general $116,151

• 24e · All other expenses

  total $149,861 · program services $39,413 · management and general $110,448

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,194,296 · end of year $11,708,480

• 2 · Savings and temporary cash investments

  beginning of year $3,026,382 · end of year $6,368,593

• 4 · Accounts receivable

  beginning of year $687,307 · end of year $532,534

• 8 · Inventories for sale or use

  beginning of year $77,387 · end of year $81,337

• 9 · Prepaid expenses and deferred charges

  beginning of year $209,266 · end of year $190,053

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

  $42,083,415

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

  $19,030,806

• 10c · Land, buildings and equipment, net

  beginning of year $23,781,607 · end of year $23,052,609

• 11 · Investments: publicly traded securities

  beginning of year $18,380,012 · end of year $20,211,136

• 15 · Other assets

  beginning of year $1,506,671 · end of year $1,087,217

• 17 · Accounts payable and accrued expenses

  beginning of year $1,524,923 · end of year $1,361,003

• 19 · Deferred revenue

  beginning of year $4,181,201 · end of year $5,093,180

• 20 · Tax-exempt bond liabilities

  beginning of year $1,661,893 · end of year $1,319,291

• 25 · Other liabilities

  beginning of year $75,074 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $49,900,837 · end of year $53,939,485

• 28 · Net assets with donor restrictions

  beginning of year $1,519,000 · end of year $1,519,000

The filer's explanations (Part III)

PART I, LINE 7

ON AN ANNUAL BASIS THE PRESIDENT IS AWARDED A BONUS. THE TRUSTEES OF THE ORGANIZATION DETERMINE THE BONUS FOR THE PRESIDENT BASED ON MERIT AND PERFORMANCE.