Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $1,785,009

• 1f · All other contributions, gifts and grants

  $147,727

• 2a · Program service revenue: EDUCATIONAL SERVICES

  total $49,047,781 · related or exempt $49,047,781

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

  other assets $7,475

• 7c · Gain or loss

  other assets -$7,475

• 7d · Net gain or loss

  total -$7,475 · excluded -$7,475

• 10a · Gross sales of inventory

  $9,284

• 10b · Cost of goods sold

  $1,790

• 10c · Net income from sales of inventory

  total $7,494 · excluded $7,494

• 11d · All other revenue

  total $27,032 · excluded $27,032

• 11e · Other revenue, total

  $27,032

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,773,215 · program services $5,773,215

• 3 · Grants to foreign organizations and individuals

  total $34,054 · program services $34,054

• 5 · Compensation of officers, directors and key employees

  total $295,281 · program services $42,641 · management and general $252,640

• 7 · Other salaries and wages

  total $10,316,357 · program services $10,101,511 · management and general $214,846

• 8 · Pension plan contributions

  total $198,308 · program services $189,934 · management and general $8,374

• 9 · Other employee benefits

  total $925,776 · program services $881,361 · management and general $44,415

• 10 · Payroll taxes

  total $730,601 · program services $712,040 · management and general $18,561

• 11b · Fees: legal

  total $24,985 · management and general $24,985

• 11g · Fees: other

  total $221,510 · program services $139,261 · management and general $82,249

• 12 · Advertising and promotion

  total $9,799,572 · program services $9,776,130 · management and general $23,442

• 13 · Office expenses

  total $307,426 · program services $101,080 · management and general $206,346

• 14 · Information technology

  total $125,522 · program services $99,032 · management and general $26,490

• 17 · Travel

  total $154,693 · program services $131,392 · management and general $23,301

• 19 · Conferences, conventions and meetings

  total $79,852 · program services $72,290 · management and general $7,562

• 20 · Interest

  total $27,443 · management and general $27,443

• 21 · Payments to affiliates

  total $19,458,960 · program services $9,066,589 · management and general $10,392,371

• 22 · Depreciation, depletion and amortization

  total $1,550,965 · program services $1,131,380 · management and general $419,585

• 23 · Insurance

  total $1,957 · management and general $1,957

• 24a · Other expenses: BAD DEBT

  total $1,542,483 · program services $1,484,673 · management and general $57,810

• 24b · Other expenses: COURSE MATERIALS AND LI

  total $683,876 · program services $683,876

• 24e · All other expenses

  total $5,665 · program services $5,665

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,343,133 · end of year $0

• 2 · Savings and temporary cash investments

  end of year $0

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $16,381,658 · end of year $0

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 7 · Other notes and loans receivable

  end of year $0

• 8 · Inventories for sale or use

  end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,743,875 · end of year $0

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $5,531,276 · end of year $0

• 11 · Investments: publicly traded securities

  end of year $0

• 12 · Investments: other securities

  end of year $0

• 13 · Investments: program-related

  beginning of year $18,917,333 · end of year $0

• 14 · Intangible assets

  end of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $2,691,331 · end of year $0

• 19 · Deferred revenue

  beginning of year $12,419,354 · end of year $0

• 25 · Other liabilities

  beginning of year $6,862,906 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $32,943,684 · end of year $0

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS TRAVEL IS MADE AVAILABLE TO BOARD MEMBERS IF THE FLIGHT IS OVER 3 HOURS. THIS IS NOT INCLUDED AS TAXABLE INCOME TO SUCH BOARD MEMBERS.

PART I, LINE 7

NON-FIXED PAYMENTS RECEIVED BY LISTED PERSONS ON SCHEDULE J, PART II, REPRESENT DISCRETIONARY BONUSES NOT BASED ON A FORMULA SPECIFIED IN CONTRACTS.