Form 990 for tax year 2024

1e · Government grants (contributions)

$157,956

1f · All other contributions, gifts and grants

$10,120,241

1g · Noncash contributions included above

$121,751

2a · Program service revenue: TUITION AND FEES

total $22,946,813 · related or exempt $22,946,813

2b · Program service revenue: ROOM & BOARD

total $8,859,923 · related or exempt $8,859,923

2c · Program service revenue: OTHER INCOME

total $2,900,506 · related or exempt $2,900,506

3 · Investment income

total $888,940 · excluded $888,940

7a · Gross sales of assets other than inventory

securities $781,057 · other assets $500,779

7b · Less cost or other basis and sales expenses

securities $0 · other assets $537,782

7c · Gain or loss

securities $781,057 · other assets -$37,003

7d · Net gain or loss

total $744,054 · related or exempt -$37,003 · excluded $781,057

11a · Other revenue: INSURANCE PROCEEDS

total $5,625,654 · related or exempt $5,625,654

11b · Other revenue: COMMUNITY OUTREACH

total $91,524 · related or exempt $91,524

11e · Other revenue, total

$5,717,178

2 · Grants to domestic individuals

total $13,195,990 · program services $13,195,990

5 · Compensation of officers, directors and key employees

total $929,755 · program services $686,227 · management and general $243,528

7 · Other salaries and wages

total $11,440,548 · program services $10,436,587 · management and general $754,149 · fundraising $249,812

8 · Pension plan contributions

total $228,631 · program services $131,899 · management and general $92,057 · fundraising $4,675

9 · Other employee benefits

total $1,715,992 · program services $989,967 · management and general $690,936 · fundraising $35,089

10 · Payroll taxes

total $899,318 · program services $822,570 · management and general $60,028 · fundraising $16,720

11f · Fees: investment management

total $130,191 · management and general $130,191

11g · Fees: other

total $4,259,226 · program services $3,749,571 · management and general $509,655

12 · Advertising and promotion

total $27,990 · program services $4,443 · management and general $23,547

13 · Office expenses

total $1,070,642 · program services $837,611 · management and general $186,171 · fundraising $46,860

16 · Occupancy

total $1,291,865 · program services $1,173,271 · management and general $100,804 · fundraising $17,790

17 · Travel

total $797,590 · program services $747,653 · management and general $31,930 · fundraising $18,007

20 · Interest

total $1,514,676 · program services $1,163,270 · management and general $351,406

22 · Depreciation, depletion and amortization

total $2,310,173 · program services $1,737,251 · management and general $572,922

23 · Insurance

total $536,371 · program services $85,140 · management and general $451,231

24a · Other expenses: REPAIRS & MAINTENANCE

total $3,456,517 · program services $835,047 · management and general $2,609,288 · fundraising $12,182

24b · Other expenses: OTHER

total $3,198,546 · program services $507,719 · management and general $2,690,827

24c · Other expenses: FOOD SERVICES

total $366,653 · program services $366,653

24d · Other expenses: WORK STUDY PROGRAMS

total $67,131 · program services $61,843 · management and general $4,712 · fundraising $576

24e · All other expenses

total $19,286 · program services $19,286

1 · Cash, non-interest-bearing

beginning of year $3,477,518 · end of year $1,979,190

2 · Savings and temporary cash investments

beginning of year $921,420 · end of year $2,030,159

3 · Pledges and grants receivable

beginning of year $2,717,487 · end of year $2,677,586

4 · Accounts receivable

beginning of year $2,392,240 · end of year $3,862,976

7 · Other notes and loans receivable

beginning of year $63,461 · end of year $29,750

8 · Inventories for sale or use

beginning of year $12,130 · end of year $13,266

9 · Prepaid expenses and deferred charges

beginning of year $13,266 · end of year $5,061

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

$116,928,914

10b · Land, buildings and equipment: accumulated depreciation

$37,963,706

10c · Land, buildings and equipment, net

beginning of year $75,670,306 · end of year $78,965,208

11 · Investments: publicly traded securities

beginning of year $35,156,876 · end of year $37,921,921

12 · Investments: other securities

end of year $898,319

15 · Other assets

beginning of year $2,804,471 · end of year $2,930,408

17 · Accounts payable and accrued expenses

beginning of year $7,222,853 · end of year $5,025,676

19 · Deferred revenue

beginning of year $725,739 · end of year $724,582

23 · Secured mortgages and notes payable

beginning of year $42,621,266 · end of year $46,211,112

25 · Other liabilities

beginning of year $213,153 · end of year $248,482

27 · Net assets without donor restrictions

beginning of year $33,158,862 · end of year $36,540,270

28 · Net assets with donor restrictions

beginning of year $39,287,302 · end of year $42,563,722