Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $638,826

• 1d · Related organizations

  $1,254,474

• 1e · Government grants (contributions)

  $10,211

• 1f · All other contributions, gifts and grants

  $1,953,281

• 1g · Noncash contributions included above

  $559,313

• 2a · Program service revenue: TUITION

  total $672,354 · related or exempt $672,354

• 2b · Program service revenue: CAFETERIA INCOME

  total $234,621 · related or exempt $234,621

• 2c · Program service revenue: NEW YORK MANDATED SERV

  total $161,052 · related or exempt $161,052

• 3 · Investment income

  total $37,494 · excluded $37,494

• 6a · Gross rents

  real property $34,389

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $34,389

• 6d · Net rental income or loss

  total $34,389 · excluded $34,389

• 8a · Fundraising events: gross income

  $154,017

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

  $638,826

• 8b · Fundraising events: direct expenses

  $214,263

• 8c · Net income from fundraising events

  total -$60,246 · excluded -$60,246

• 11a · Other revenue: REIMBURSEMENTS

  total $58,806 · excluded $58,806

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $5,488 · excluded $5,488

• 11e · Other revenue, total

  $64,294

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $162,392 · program services $162,392

• 5 · Compensation of officers, directors and key employees

  total $370,490 · program services $98,066 · management and general $174,358 · fundraising $98,066

• 7 · Other salaries and wages

  total $3,281,304 · program services $2,728,908 · management and general $358,272 · fundraising $194,124

• 9 · Other employee benefits

  total $235,743 · program services $206,434 · management and general $24,544 · fundraising $4,765

• 10 · Payroll taxes

  total $257,755 · program services $209,794 · management and general $30,044 · fundraising $17,917

• 11b · Fees: legal

  total $30,800 · program services $30,800

• 11c · Fees: accounting

  total $34,925 · management and general $34,925

• 11e · Fees: professional fundraising services

  total $141,856 · fundraising $141,856

• 11g · Fees: other

  total $485,699 · program services $476,000 · management and general $9,699

• 12 · Advertising and promotion

  total $17,719 · management and general $17,719

• 13 · Office expenses

  total $75,791 · program services $52,012 · management and general $23,779

• 14 · Information technology

  total $12,977 · program services $12,977

• 16 · Occupancy

  total $179,986 · program services $179,986

• 17 · Travel

  total $18,707 · program services $18,707

• 20 · Interest

  total $325,810 · management and general $325,810

• 21 · Payments to affiliates

  total $60,000 · management and general $60,000

• 22 · Depreciation, depletion and amortization

  total $354,877 · program services $354,877

• 23 · Insurance

  total $92,231 · program services $92,231

• 24a · Other expenses: COLLEGE VISIT AND CAMPU

  total $290,747 · program services $290,747

• 24b · Other expenses: REPAIR AND MAINTENANCE

  total $111,800 · program services $111,800

• 24c · Other expenses: TRANSPORTATION AND FEES

  total $69,657 · program services $69,657

• 24d · Other expenses: PROFESSIONAL DEVELOPMEN

  total $29,999 · program services $29,999

• 24e · All other expenses

  total $36,690 · program services $33,452 · fundraising $3,238

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $168,534 · end of year $378,846

• 2 · Savings and temporary cash investments

  beginning of year $949,042 · end of year $7,635

• 3 · Pledges and grants receivable

  beginning of year $1,041,184 · end of year $574,461

• 4 · Accounts receivable

  beginning of year $70,876 · end of year $130,906

• 9 · Prepaid expenses and deferred charges

  beginning of year $10,743 · end of year $66,387

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

  $8,276,121

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

  $936,566

• 10c · Land, buildings and equipment, net

  beginning of year $7,607,439 · end of year $7,339,555

• 11 · Investments: publicly traded securities

  beginning of year $195,694 · end of year $436,946

• 15 · Other assets

  beginning of year $38,359 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $600,890 · end of year $659,674

• 19 · Deferred revenue

  beginning of year $44,458 · end of year $54,417

• 23 · Secured mortgages and notes payable

  beginning of year $4,519,338 · end of year $4,980,665

• 27 · Net assets without donor restrictions

  beginning of year $3,516,275 · end of year $1,839,070

• 28 · Net assets with donor restrictions

  beginning of year $1,400,910 · end of year $1,400,910

The filer's explanations (Part III)

PART I, LINE 7

THE ORGANIZATION PAID PERFORMANCE BASED BONUS TO DEANNA PHILIPPE IN 2024,