Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $10,432,267

• 1f · All other contributions, gifts and grants

  $223,621

• 3 · Investment income

  total $210,683 · excluded $210,683

• 11a · Other revenue: OTHER REVENUE

  total $12,884 · related or exempt $173 · excluded $12,711

• 11e · Other revenue, total

  $12,884

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $667,926 · program services $467,549 · management and general $200,377

• 7 · Other salaries and wages

  total $4,613,380 · program services $4,467,109 · management and general $146,271

• 8 · Pension plan contributions

  total $647,302 · program services $647,302

• 9 · Other employee benefits

  total $419,044 · program services $414,740 · management and general $4,304

• 10 · Payroll taxes

  total $156,111 · program services $135,603 · management and general $20,508

• 11b · Fees: legal

  total $190 · program services $190

• 11c · Fees: accounting

  total $23,345 · management and general $23,345

• 11g · Fees: other

  total $597,512 · program services $594,505 · management and general $3,007

• 12 · Advertising and promotion

  total $21,053 · management and general $21,053

• 13 · Office expenses

  total $364,647 · program services $359,177 · management and general $5,470

• 14 · Information technology

  total $53,433 · program services $48,802 · management and general $4,631

• 16 · Occupancy

  total $401,962 · program services $401,962

• 17 · Travel

  total $31,521 · program services $30,841 · management and general $680

• 20 · Interest

  total $284,560 · program services $284,560

• 22 · Depreciation, depletion and amortization

  total $324,736 · program services $324,736

• 23 · Insurance

  total $139,125 · program services $139,125

• 24a · Other expenses: FOOD SERVICES

  total $341,218 · program services $325,300 · management and general $15,918

• 24b · Other expenses: ALL OTHER EXPENSES

  total $260,581 · program services $248,425 · management and general $12,156

• 24c · Other expenses: INSTRUCTIONAL MATERIALS

  total $202,535 · program services $202,535

• 24d · Other expenses: LICENSING SOFTWARE

  total $182,988 · program services $174,451 · management and general $8,537

• 24e · All other expenses

  total $182,631 · program services $174,111 · management and general $8,520

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $756,328 · end of year $987,414

• 2 · Savings and temporary cash investments

  beginning of year $5,675,110 · end of year $4,529,655

• 4 · Accounts receivable

  beginning of year $555,342 · end of year $1,281,596

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $21,055

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

  $12,022,052

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

  $894,180

• 10c · Land, buildings and equipment, net

  beginning of year $10,007,726 · end of year $11,127,872

• 15 · Other assets

  beginning of year $91,740 · end of year $523,775

• 17 · Accounts payable and accrued expenses

  beginning of year $452,323 · end of year $591,915

• 19 · Deferred revenue

  beginning of year $219,258 · end of year $220,943

• 23 · Secured mortgages and notes payable

  beginning of year $6,745,232 · end of year $6,607,077

• 25 · Other liabilities

  beginning of year $91,793 · end of year $510,137

• 27 · Net assets without donor restrictions

  beginning of year $9,577,640 · end of year $10,541,295

The filer's explanations (Part III)

PART I, LINE 3

OUR OFFICE STAFF CONDUCTS ANNUAL COMPENSATION STUDIES, THAT ARE SHARED WITH THE BOARD, AND THE BOARD APPROVES THE SUPERINTENDENTS/CEO CONTRACT.