Form 990 for tax year 2024

1c · Fundraising events

$56,845

1e · Government grants (contributions)

$4,589,285

1f · All other contributions, gifts and grants

$1,209,514

2a · Program service revenue: Tuition and Fees

total $57,806,417 · related or exempt $57,806,417

2b · Program service revenue: Student Room & Board

total $6,884,705 · related or exempt $6,884,705

2c · Program service revenue: Other Program Service Revenue

total $302,777 · related or exempt $302,777

2d · Program service revenue: Sports Camp

total $269,381 · related or exempt $269,381

3 · Investment income

total $2,339,987 · excluded $2,339,987

6a · Gross rents

real property $256,280

6b · Less rental expenses

real property $51,395

6c · Rental income or loss

real property $204,885

6d · Net rental income or loss

total $204,885 · excluded $204,885

7a · Gross sales of assets other than inventory

securities $7,294,367

7b · Less cost or other basis and sales expenses

securities $5,652,529

7c · Gain or loss

securities $1,641,838

7d · Net gain or loss

total $1,641,838 · excluded $1,641,838

8a · Fundraising events: gross income

$41,752

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

$56,845

8b · Fundraising events: direct expenses

$49,757

8c · Net income from fundraising events

total -$8,005 · excluded -$8,005

9a · Gaming: gross income

$60,045

9b · Gaming: direct expenses

$0

9c · Net income from gaming

total $60,045 · excluded $60,045

2 · Grants to domestic individuals

total $21,026,534 · program services $21,026,534

5 · Compensation of officers, directors and key employees

total $971,358 · program services $563,363 · management and general $321,933 · fundraising $86,062

7 · Other salaries and wages

total $17,296,199 · program services $16,287,130 · management and general $1,009,069

8 · Pension plan contributions

total $467,573 · program services $455,267 · management and general $12,306

9 · Other employee benefits

total $2,233,106 · program services $2,137,007 · management and general $96,099

10 · Payroll taxes

total $1,438,099 · program services $1,354,200 · management and general $83,899

11a · Fees: management

total $169,245 · management and general $169,245

11b · Fees: legal

total $100,881 · management and general $100,881

11c · Fees: accounting

total $47,000 · management and general $47,000

12 · Advertising and promotion

total $401,152 · program services $42 · management and general $401,110

13 · Office expenses

total $211,752 · program services $196,040 · management and general $13,741 · fundraising $1,971

14 · Information technology

total $55,699 · management and general $55,699

16 · Occupancy

total $6,291,401 · program services $3,963,654 · management and general $2,320,459 · fundraising $7,288

17 · Travel

total $478,254 · program services $471,325 · management and general $6,929

19 · Conferences, conventions and meetings

total $62,271 · program services $47,272 · management and general $11,954 · fundraising $3,045

20 · Interest

total $2,097,481 · program services $2,042,463 · management and general $55,018

22 · Depreciation, depletion and amortization

total $4,578,823 · program services $3,887,910 · management and general $690,913

23 · Insurance

total $642,784 · program services $344,658 · management and general $298,126

24a · Other expenses: Contract Service Suppor

total $4,424,533 · program services $2,466,503 · management and general $1,948,168 · fundraising $9,862

24b · Other expenses: Co-curricular & Support

total $2,413,336 · program services $1,703,997 · management and general $694,986 · fundraising $14,353

24c · Other expenses: Student Board Plan

total $2,113,460 · program services $2,113,460

24d · Other expenses: Contr Svcs - Religious

total $933,779 · program services $482,779 · management and general $451,000

24e · All other expenses

total $2,819,011 · program services $2,105,808 · management and general $666,777 · fundraising $46,426

1 · Cash, non-interest-bearing

beginning of year $337,550 · end of year $121,673

2 · Savings and temporary cash investments

beginning of year $9,710,982 · end of year $5,727,059

3 · Pledges and grants receivable

beginning of year $3,007,928 · end of year $2,214,788

4 · Accounts receivable

beginning of year $1,571,527 · end of year $1,235,765

7 · Other notes and loans receivable

beginning of year $144,090

9 · Prepaid expenses and deferred charges

beginning of year $1,434,018 · end of year $1,416,463

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

$153,782,889

10b · Land, buildings and equipment: accumulated depreciation

$51,365,418

10c · Land, buildings and equipment, net

beginning of year $91,293,929 · end of year $102,417,471

11 · Investments: publicly traded securities

beginning of year $61,854,831 · end of year $69,131,470

15 · Other assets

beginning of year $1,738,031 · end of year $17,805,414

17 · Accounts payable and accrued expenses

beginning of year $3,467,846 · end of year $6,693,624

18 · Grants payable

beginning of year $434,594 · end of year $338,358

19 · Deferred revenue

beginning of year $3,331,167 · end of year $2,306,352

20 · Tax-exempt bond liabilities

beginning of year $52,492,893 · end of year $71,994,061

21 · Escrow or custodial account liability

beginning of year $220,812 · end of year $683,575

25 · Other liabilities

beginning of year $9,345 · end of year $8,333

27 · Net assets without donor restrictions

beginning of year $85,178,047 · end of year $89,911,981

28 · Net assets with donor restrictions

beginning of year $25,958,182 · end of year $28,133,819