Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,020,372

• 1f · All other contributions, gifts and grants

  $1,345,036

• 2a · Program service revenue: TUITION AND FEES

  total $34,901,409 · related or exempt $34,901,409

• 2b · Program service revenue: AUXILIARY - BOOKSTORE

  total $3,141,117 · related or exempt $3,141,117

• 2c · Program service revenue: AUXILIARY - OTHER

  total $1,004,864 · related or exempt $1,004,864

• 2d · Program service revenue: AUXILIARY - ROOM AND BOARD

  total $686,370 · related or exempt $686,370

• 2e · Program service revenue: SUMMER CAMPS

  total $13,722 · related or exempt $13,722

• 3 · Investment income

  total $690,566 · excluded $690,566

• 6a · Gross rents

  real property $93,500

• 6b · Less rental expenses

  real property $14,893

• 6c · Rental income or loss

  real property $78,607

• 6d · Net rental income or loss

  total $78,607 · excluded $78,607

• 7a · Gross sales of assets other than inventory

  securities $5,581,731 · other assets $517,598

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

  securities $1,789,882 · other assets $156,692

• 7c · Gain or loss

  securities $3,791,849 · other assets $360,906

• 7d · Net gain or loss

  total $4,152,755 · excluded $4,152,755

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $14,702,169 · program services $14,702,169

• 5 · Compensation of officers, directors and key employees

  total $837,427 · program services $715,555 · management and general $91,888 · fundraising $29,984

• 7 · Other salaries and wages

  total $15,252,420 · program services $12,091,227 · management and general $3,034,932 · fundraising $126,261

• 8 · Pension plan contributions

  total $413,280 · program services $325,279 · management and general $88,001

• 9 · Other employee benefits

  total $2,007,909 · program services $1,597,757 · management and general $410,152

• 10 · Payroll taxes

  total $1,173,269 · program services $933,607 · management and general $239,662

• 11b · Fees: legal

  total $255,607 · management and general $255,607

• 11c · Fees: accounting

  total $146,235 · management and general $146,235

• 11f · Fees: investment management

  total $51,571 · management and general $51,571

• 11g · Fees: other

  total $195,725 · program services $195,725

• 12 · Advertising and promotion

  total $183,378 · program services $145,921 · management and general $37,457

• 13 · Office expenses

  total $1,107,960 · program services $777,670 · management and general $320,643 · fundraising $9,647

• 14 · Information technology

  total $1,276,286 · management and general $1,276,286

• 16 · Occupancy

  total $2,343,260 · program services $2,070,957 · management and general $272,303

• 17 · Travel

  total $1,105,922 · program services $880,024 · management and general $218,063 · fundraising $7,835

• 20 · Interest

  total $1,265,626 · management and general $1,265,626

• 22 · Depreciation, depletion and amortization

  total $2,732,966 · program services $2,404,486 · management and general $328,480

• 23 · Insurance

  total $883,222 · program services $399,411 · management and general $483,811

• 24a · Other expenses: AUXILIARY EXPENSES

  total $2,398,952 · program services $2,398,952

• 24b · Other expenses: BAD DEBT

  total $540,977 · program services $476,060 · management and general $64,917

• 24c · Other expenses: BOOKSTORE EXPENSES

  total $523,113 · program services $523,113

• 24d · Other expenses: UNIFORMS

  total $309,861 · program services $246,568 · management and general $63,293

• 24e · All other expenses

  total $3,273,763 · program services $2,848,936 · management and general $160,201 · fundraising $264,626

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $41,360 · end of year $41,423

• 2 · Savings and temporary cash investments

  beginning of year $7,773,254 · end of year $3,503,278

• 3 · Pledges and grants receivable

  beginning of year $703,709 · end of year $761,523

• 4 · Accounts receivable

  beginning of year $1,909,344 · end of year $1,655,189

• 8 · Inventories for sale or use

  beginning of year $36,488 · end of year $35,368

• 9 · Prepaid expenses and deferred charges

  beginning of year $94,513 · end of year $2,318

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

  $82,868,647

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

  $36,679,844

• 10c · Land, buildings and equipment, net

  beginning of year $48,272,885 · end of year $46,188,803

• 11 · Investments: publicly traded securities

  beginning of year $10,579,900 · end of year $7,545,403

• 15 · Other assets

  beginning of year $3,731,810 · end of year $1,315,025

• 17 · Accounts payable and accrued expenses

  beginning of year $2,029,488 · end of year $1,751,844

• 19 · Deferred revenue

  beginning of year $2,326,215 · end of year $2,281,834

• 23 · Secured mortgages and notes payable

  beginning of year $32,948,872 · end of year $31,241,751

• 25 · Other liabilities

  beginning of year $3,392,201 · end of year $942,985

• 27 · Net assets without donor restrictions

  beginning of year $1,040,644 · end of year $4,262,787

• 28 · Net assets with donor restrictions

  beginning of year $31,405,843 · end of year $20,567,129

The filer's explanations (Part III)

PART I, LINE 4A

DURING 2024, MONICA BALOGA, PRESIDENT, RECEIVED A SEVERANCE PAYMENT IN THE AMOUNT OF $25,672.