Form 990 for tax year 2023

1a · Federated campaigns

$1,312,141

1c · Fundraising events

$96,013

1e · Government grants (contributions)

$1,404,495

1f · All other contributions, gifts and grants

$5,565,327

2a · Program service revenue: TUITION AND FEES

total $21,781,762 · related or exempt $21,781,762

3 · Investment income

total $625,171 · excluded $625,171

6a · Gross rents

real property $166,250

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $166,250

6d · Net rental income or loss

total $166,250 · excluded $166,250

8a · Fundraising events: gross income

$36,427

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

$96,013

8b · Fundraising events: direct expenses

$355,303

8c · Net income from fundraising events

total -$318,876 · excluded -$318,876

1 · Grants to domestic organizations and governments

total $825,146 · program services $825,146

2 · Grants to domestic individuals

total $7,194,728 · program services $7,194,728

7 · Other salaries and wages

total $12,212,166 · program services $10,977,603 · management and general $957,526 · fundraising $277,037

8 · Pension plan contributions

total $411,594 · program services $345,739 · management and general $61,739 · fundraising $4,116

9 · Other employee benefits

total $90,771 · program services $76,247 · management and general $13,616 · fundraising $908

10 · Payroll taxes

total $934,532 · program services $744,557 · management and general $170,133 · fundraising $19,842

11c · Fees: accounting

total $30,392 · management and general $30,392

11g · Fees: other

total $1,301,094 · program services $832,710 · management and general $468,384

13 · Office expenses

total $1,756,142 · program services $1,406,918 · management and general $290,549 · fundraising $58,675

14 · Information technology

total $130,100 · program services $125,849 · management and general $4,251

16 · Occupancy

total $1,743,614 · program services $1,718,160 · management and general $25,454

17 · Travel

total $89,074 · program services $89,074

20 · Interest

total $204,057 · management and general $204,057

22 · Depreciation, depletion and amortization

total $2,419,541 · program services $2,201,783 · management and general $193,563 · fundraising $24,195

24a · Other expenses: FOOD

total $932,825 · program services $932,825

24b · Other expenses: STUDENT ACTIVITIES

total $377,878 · program services $363,674 · management and general $14,204

24c · Other expenses: FUNDRAISING PROMOTIONAL

total $314,609 · fundraising $314,609

24d · Other expenses: BAD DEBTS

total $36,000 · program services $18,000 · fundraising $18,000

1 · Cash, non-interest-bearing

beginning of year $2,153,109 · end of year $1,587,195

2 · Savings and temporary cash investments

beginning of year $1,804,562 · end of year $2,096,376

3 · Pledges and grants receivable

beginning of year $7,591,982 · end of year $4,469,225

4 · Accounts receivable

beginning of year $1,676,835 · end of year $1,163,193

7 · Other notes and loans receivable

beginning of year $176,401 · end of year $176,401

9 · Prepaid expenses and deferred charges

beginning of year $12,934 · end of year $12,638

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

$65,998,198

10b · Land, buildings and equipment: accumulated depreciation

$21,404,682

10c · Land, buildings and equipment, net

beginning of year $38,579,420 · end of year $44,593,516

11 · Investments: publicly traded securities

beginning of year $22,668,023 · end of year $21,308,615

12 · Investments: other securities

beginning of year $937,009 · end of year $1,031,682

17 · Accounts payable and accrued expenses

beginning of year $3,327,140 · end of year $3,302,332

19 · Deferred revenue

beginning of year $153,865 · end of year $759,462

24 · Unsecured notes and loans payable

beginning of year $5,560,367 · end of year $5,306,219

25 · Other liabilities

beginning of year $3,890,314 · end of year $2,987,431

27 · Net assets without donor restrictions

beginning of year $44,905,055 · end of year $50,894,707

28 · Net assets with donor restrictions

beginning of year $17,763,534 · end of year $13,188,690