Form 990 for tax year 2023

1e · Government grants (contributions)

$1,552,793

1f · All other contributions, gifts and grants

$2,851,860

1g · Noncash contributions included above

$343,042

2a · Program service revenue: TUITION AND FEES

total $32,407,495 · related or exempt $32,407,495

2b · Program service revenue: AUXILIARY ENTERPRISES

total $3,599,391 · related or exempt $3,599,391

2c · Program service revenue: OTHER INCOME

total $263,751 · related or exempt $263,751

3 · Investment income

total $911,738 · unrelated business $11,231 · excluded $900,507

7a · Gross sales of assets other than inventory

securities $19,964,412

7b · Less cost or other basis and sales expenses

securities $19,076,512

7c · Gain or loss

securities $887,900

7d · Net gain or loss

total $887,900 · excluded $887,900

2 · Grants to domestic individuals

total $13,042,070 · program services $13,042,070

5 · Compensation of officers, directors and key employees

total $1,128,686 · program services $465,139 · management and general $529,734 · fundraising $133,813

7 · Other salaries and wages

total $17,002,953 · program services $16,113,887 · management and general $465,771 · fundraising $423,295

8 · Pension plan contributions

total $563,472 · program services $515,412 · management and general $28,523 · fundraising $19,537

9 · Other employee benefits

total $2,727,076 · program services $1,876,583 · management and general $764,116 · fundraising $86,377

10 · Payroll taxes

total $1,302,730 · program services $1,168,624 · management and general $94,997 · fundraising $39,109

11b · Fees: legal

total $108,085 · management and general $108,085

11c · Fees: accounting

total $78,415 · management and general $78,415

11e · Fees: professional fundraising services

total $61,801 · fundraising $61,801

11f · Fees: investment management

total $110,891 · management and general $110,891

11g · Fees: other

total $5,816,470 · program services $5,322,340 · management and general $486,573 · fundraising $7,557

12 · Advertising and promotion

total $350,927 · program services $350,414 · fundraising $513

13 · Office expenses

total $888,047 · program services $793,041 · management and general $32,026 · fundraising $62,980

14 · Information technology

total $2,579,040 · program services $2,572,271 · management and general $4,405 · fundraising $2,364

16 · Occupancy

total $2,131,356 · program services $1,915,436 · management and general $215,920

17 · Travel

total $204,523 · program services $181,714 · management and general $16,648 · fundraising $6,161

20 · Interest

total $660,419 · program services $509,653 · management and general $144,593 · fundraising $6,173

22 · Depreciation, depletion and amortization

total $3,688,105 · program services $3,688,105

24a · Other expenses: BAD DEBT

total $1,082,802 · program services $409,995 · management and general $672,807

24b · Other expenses: MEMBERSHIP DUES

total $274,385 · program services $133,211 · management and general $141,174

1 · Cash, non-interest-bearing

beginning of year $336,983 · end of year $210,484

2 · Savings and temporary cash investments

beginning of year $6,050,141 · end of year $5,755,060

3 · Pledges and grants receivable

beginning of year $4,077,129 · end of year $3,252,616

4 · Accounts receivable

beginning of year $1,878,448 · end of year $2,153,720

7 · Other notes and loans receivable

beginning of year $542,801 · end of year $404,602

8 · Inventories for sale or use

beginning of year $107,397 · end of year $51,893

9 · Prepaid expenses and deferred charges

beginning of year $1,967,914 · end of year $438,126

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

$107,793,651

10b · Land, buildings and equipment: accumulated depreciation

$76,267,449

10c · Land, buildings and equipment, net

beginning of year $34,991,124 · end of year $31,526,202

11 · Investments: publicly traded securities

beginning of year $34,936,564 · end of year $28,723,981

12 · Investments: other securities

beginning of year $8,030,168 · end of year $7,821,784

15 · Other assets

beginning of year $949,237 · end of year $983,036

17 · Accounts payable and accrued expenses

beginning of year $5,240,539 · end of year $3,238,557

18 · Grants payable

beginning of year $446,368 · end of year $284,452

19 · Deferred revenue

beginning of year $3,325,747 · end of year $2,802,655

20 · Tax-exempt bond liabilities

beginning of year $7,672,849 · end of year $6,459,513

25 · Other liabilities

beginning of year $9,301,465 · end of year $9,610,227

27 · Net assets without donor restrictions

beginning of year $35,371,076 · end of year $25,318,306

28 · Net assets with donor restrictions

beginning of year $32,509,862 · end of year $33,607,794