Form 990 for tax year 2024

1c · Fundraising events

$165,491

1e · Government grants (contributions)

$1,039,853

1f · All other contributions, gifts and grants

$913,744

1g · Noncash contributions included above

$33,430

2a · Program service revenue: TUITION

total $34,273,430 · related or exempt $34,273,430

2b · Program service revenue: HOUSING RENTAL INCOME

total $3,412,671 · related or exempt $3,412,671

2c · Program service revenue: AUXILIARY SERVICES

total $1,125,422 · related or exempt $1,125,422

3 · Investment income

total $564,701 · excluded $564,701

7a · Gross sales of assets other than inventory

securities $4,313,360 · other assets $533,200

7b · Less cost or other basis and sales expenses

securities $5,634,888 · other assets $589,000

7c · Gain or loss

securities -$1,321,528 · other assets -$55,800

7d · Net gain or loss

total -$1,377,328 · excluded -$1,377,328

8a · Fundraising events: gross income

$813,651

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

$165,491

8b · Fundraising events: direct expenses

$740,667

8c · Net income from fundraising events

total $72,984 · excluded $72,984

10a · Gross sales of inventory

$866,697

10b · Cost of goods sold

$795,073

10c · Net income from sales of inventory

total $71,624 · related or exempt $71,624

11a · Other revenue: MISCELLANEOUS INCOME

total $322,886 · excluded $322,886

11e · Other revenue, total

$322,886

2 · Grants to domestic individuals

total $17,837,086 · program services $17,837,086

5 · Compensation of officers, directors and key employees

total $818,602 · management and general $818,602

7 · Other salaries and wages

total $13,847,639 · program services $11,798,132 · management and general $1,674,218 · fundraising $375,289

8 · Pension plan contributions

total $456,701 · program services $372,116 · management and general $72,667 · fundraising $11,918

9 · Other employee benefits

total $1,626,582 · program services $1,242,200 · management and general $344,597 · fundraising $39,785

10 · Payroll taxes

total $1,046,626 · program services $786,207 · management and general $235,238 · fundraising $25,181

11b · Fees: legal

total $163,348 · management and general $163,348

11c · Fees: accounting

total $121,599 · management and general $121,599

11f · Fees: investment management

total $53,434 · management and general $53,434

11g · Fees: other

total $2,551,002 · program services $1,980,435 · management and general $356,434 · fundraising $214,133

12 · Advertising and promotion

total $159,366 · program services $127,835 · management and general $30,112 · fundraising $1,419

13 · Office expenses

total $494,994 · program services $356,059 · management and general $138,935

14 · Information technology

total $1,106,520 · program services $799,432 · management and general $278,228 · fundraising $28,860

16 · Occupancy

total $1,706,475 · program services $1,611,164 · management and general $95,311

17 · Travel

total $246,720 · program services $219,919 · management and general $23,387 · fundraising $3,414

19 · Conferences, conventions and meetings

total $36,401 · program services $28,698 · management and general $6,552 · fundraising $1,151

20 · Interest

total $1,136,397 · management and general $1,136,397

22 · Depreciation, depletion and amortization

total $2,035,735 · management and general $2,035,735

23 · Insurance

total $437,116 · management and general $437,116

24a · Other expenses: DUES AND SUBSCRIPTIONS

total $213,271 · program services $44,856 · management and general $162,420 · fundraising $5,995

24b · Other expenses: EQUIPMENT REPAIR AND PU

total $184,901 · program services $118,540 · management and general $47,445 · fundraising $18,916

24c · Other expenses: CLASSROOM MATERIALS/ART

total $126,964 · program services $126,964

24d · Other expenses: MISCELLANEOUS

total $95,735 · program services $73,803 · management and general $12,568 · fundraising $9,364

24e · All other expenses

total $1,757 · program services $1,757

1 · Cash, non-interest-bearing

beginning of year $78,086 · end of year $64,460

2 · Savings and temporary cash investments

beginning of year $2,381,443 · end of year $715,195

3 · Pledges and grants receivable

beginning of year $1,102,867 · end of year $666,149

4 · Accounts receivable

beginning of year $918,717 · end of year $1,175,342

7 · Other notes and loans receivable

beginning of year $91,201 · end of year $92,845

8 · Inventories for sale or use

beginning of year $174,554 · end of year $161,826

9 · Prepaid expenses and deferred charges

beginning of year $332,052 · end of year $461,624

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

$66,751,065

10b · Land, buildings and equipment: accumulated depreciation

$27,407,445

10c · Land, buildings and equipment, net

beginning of year $39,848,571 · end of year $39,343,620

11 · Investments: publicly traded securities

beginning of year $54,789,627 · end of year $56,742,224

12 · Investments: other securities

beginning of year $8,127,199 · end of year $8,576,976

15 · Other assets

beginning of year $1,218,482 · end of year $484,376

17 · Accounts payable and accrued expenses

beginning of year $2,841,988 · end of year $2,996,078

18 · Grants payable

beginning of year $165,809 · end of year $108,710

19 · Deferred revenue

beginning of year $790,916 · end of year $302,499

20 · Tax-exempt bond liabilities

beginning of year $21,473,000 · end of year $20,219,166

23 · Secured mortgages and notes payable

beginning of year $3,134,153 · end of year $2,710,000

25 · Other liabilities

beginning of year $622,204 · end of year $474,029

27 · Net assets without donor restrictions

beginning of year $34,676,623 · end of year $34,941,593

28 · Net assets with donor restrictions

beginning of year $45,358,106 · end of year $46,732,562