Civic Intelligence

Breakwater Learning

990 • Fiscal year 2023 • EIN 01-0249577

Jul 01, 2022 to Jun 30, 2023 • Filed on May 07, 2024

Organization ProfileWWW.BREAKWATERLEARNING.ORG

View Organization Page

856 Brighton AvenuePortland, ME 04102

(207) 772-8689

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

84th percentile

0.61x

Higher debt load relative to assets than 84% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Liabilities / Revenue

79th percentile

0.75x

Higher debt load relative to revenue than 79% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Net Margin

45th percentile

1.8%

Higher net margin than 45% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Top Officer Pay

60th percentile

$149,929

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 3.1% of source-year revenue.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2023

Asset Growth

63rd percentile

10%

Faster asset growth than 63% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Revenue Growth

62nd percentile

14%

Faster revenue growth than 62% of similar nonprofits.

2023 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$5,885,434

Up $556,217 (+10%) from 2022

Net Assets

Up

$2,304,925

Up $129,892 (+6.0%) from 2022

Liabilities

Up

$3,580,509

Up $426,325 (+14%) from 2022

Revenue And Expenses
Liabilities / Revenue79th percentileNet Margin45th percentile

Revenue

Up

$4,775,965

Up $574,456 (+14%) from 2022

Expenses

Up

$4,690,463

Up $771,552 (+20%) from 2022

Net Income

Down

$85,502

Down $197,096 (-70%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth63rd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2011: $3,711,998Liabilities 2011: $1,732,546Net Assets 2011: $1,979,4522011Assets 2012: $3,785,527Liabilities 2012: $1,947,881Net Assets 2012: $1,837,6462012Assets 2013: $3,796,495Liabilities 2013: $2,074,670Net Assets 2013: $1,721,8252013Assets 2014: $3,736,378Liabilities 2014: $1,635,910Net Assets 2014: $2,100,4682014Assets 2015: $3,848,328Liabilities 2015: $1,735,229Net Assets 2015: $2,113,0992015Assets 2016: $4,096,984Liabilities 2016: $2,062,859Net Assets 2016: $2,034,1252016Assets 2017: $4,409,559Liabilities 2017: $2,431,205Net Assets 2017: $1,978,3542017Assets 2018: $4,462,240Liabilities 2018: $2,824,338Net Assets 2018: $1,637,9022018Assets 2019: $4,106,973Liabilities 2019: $2,641,471Net Assets 2019: $1,465,5022019Assets 2020: $4,023,327Liabilities 2020: $2,355,307Net Assets 2020: $1,668,0202020Assets 2021: $5,120,298Liabilities 2021: $3,055,241Net Assets 2021: $2,065,0572021Assets 2022: $5,329,217Liabilities 2022: $3,154,184Net Assets 2022: $2,175,0332022Assets 2023: $5,885,434Liabilities 2023: $3,580,509Net Assets 2023: $2,304,9252023Assets 2024: $5,954,117Liabilities 2024: $3,034,349Net Assets 2024: $2,919,7682024Assets 2025: $5,650,338Liabilities 2025: $2,926,051Net Assets 2025: $2,724,2872025

Highlighted filing

2023

Assets$5,885,434
Liabilities$3,580,509
Net Assets$2,304,925
Open 2023 Filing

Operations Trend

Revenue Growth62nd percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $2,192,4182011Expenses 2012: $2,388,0102012Revenue 2013: $2,186,283Expenses 2013: $2,407,888Net Income 2013: -$221,6052013Revenue 2014: $2,798,085Expenses 2014: $2,388,153Net Income 2014: $409,9322014Revenue 2015: $3,128,404Expenses 2015: $3,107,230Net Income 2015: $21,1742015Revenue 2016: $3,178,127Expenses 2016: $3,249,267Net Income 2016: -$71,1402016Revenue 2017: $3,535,183Expenses 2017: $3,496,277Net Income 2017: $38,9062017Revenue 2018: $3,809,540Expenses 2018: $4,130,444Net Income 2018: -$320,9042018Revenue 2019: $3,859,527Expenses 2019: $4,031,927Net Income 2019: -$172,4002019Revenue 2020: $4,073,860Expenses 2020: $3,871,342Net Income 2020: $202,5182020Revenue 2021: $3,833,883Expenses 2021: $3,489,779Net Income 2021: $344,1042021Revenue 2022: $4,201,509Expenses 2022: $3,918,911Net Income 2022: $282,5982022Revenue 2023: $4,775,965Expenses 2023: $4,690,463Net Income 2023: $85,5022023Revenue 2024: $5,564,974Expenses 2024: $5,017,473Net Income 2024: $547,5012024Revenue 2025: $5,029,887Expenses 2025: $5,275,147Net Income 2025: -$245,2602025

Highlighted filing

2023

Revenue$4,775,965
Expenses$4,690,463
Net Income$85,502
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 7, 2024
Return Version
2022v5.0
Gross Receipts
$4,847,456
Mission and Program Overview

Mission

The school's mission is to engage students in an optimal learning experience that inspires them to live well on the planet, embrace their whole being, and realize their full potential. This is accomplished by continually reviewing and applying best educational practice while remaining true to our community's values and spirit.

School with programs for toddler through grade eight.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,175,872$2,756,967▲ $581,095
Land, Buildings, and Equipment, Net$2,821,498$2,654,501▼ $166,997
Investments in Publicly Traded Securities$202,768$265,854▲ $63,086
Accounts Receivable$74,601$162,412▲ $87,811
Intangible Assets$30,029$27,420▼ $2,609
Prepaid Expenses and Deferred Charges$24,449$18,280▼ $6,169
Total Assets$5,329,217$5,885,434▲ $556,217
Liabilities
Deferred Revenue$1,260,772$1,599,172▲ $338,400
Mortgage Notes Payable Secured by Investment Property$1,611,545$1,577,606▼ $33,939
Accounts Payable and Accrued Expenses$281,867$403,731▲ $121,864
Total Liabilities$3,154,184$3,580,509▲ $426,325
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,703,937$1,760,687▲ $56,750
Net Assets With Donor Restrictions$471,096$544,238▲ $73,142
Total Net Assets Fund Balance$2,175,033$2,304,925▲ $129,892
Total Liabilities and Net Assets / Fund Balance$5,329,217$5,885,434▲ $556,217

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,311,391$2,508,433$4,819,824
Equipment$19,784$432,683$452,467
Land$323,326-$323,326

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2023$202,768$13,920▲ $49,166-$265,854
2022$205,425$38,436▼ $41,093-$202,768
2021$150,064-▲ $55,361-$205,425
2020$137,734-▲ $12,330-$150,064
2019$125,202$274▲ $12,258-$137,734
Compensation and Service Providers
Top Officer Pay60th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
David SullivanExecutive DirectorFT$135,194$14,735$149,929

Board Members and Trustees

NameTitle
Chad SnowPresident
Erik CalhounVice President
Bill MelcherTrustee
Dan NogardTrustee
Meredith CoolidgeTrustee
Nora BosworthTrustee
Rebecca ThillTrustee
Josh EdwardsSecretary
Whit FordTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$667,380
Program Service Revenue
$4,098,367
Investment Income
$10,218
Other Revenue
$0
All Other Contributions
$383,542
Change in Net Assets
$85,502

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded2$70,934Quoted
Total Noncash Contributions2$70,934-

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,138,114
Revenue Not Reported on Financial Statements
$637,851
Revenue Not Reported on Form 990
$44,390
Other Revenue Adjustments
$637,851
Total Revenue per Audited Statements
$4,182,504
Total Revenue per Form 990
$4,775,965
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$2,994,888
Other Expenses$1,057,724
Grants and Similar Amounts Paid$637,851
Total Fundraising Expense$111,948
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,159,630$95,792$95,359$2,350,781
Grants to Domestic Individuals$637,851--$637,851
Other Employee Benefits$213,620$80,674$2,363$296,657
Depreciation Depletion$143,472$61,949-$205,421
Fees for Services Other$67,957$131,027-$198,984
Payroll Taxes$173,452$17,927$6,142$197,521
Occupancy$189,477--$189,477
Current Officers, Directors, Trustees, and Key Employees-$149,929-$149,929
Insurance$12,984$41,033$42$54,059
Other Expenses$78,814$52,898$62$52,960
Office Expenses$15,336$31,771$3,513$50,620
Interest$27,938$5,142-$33,080
Travel$27,661$197-$27,858
All Other Expenses$18,757$3,500$1,733$23,990
Advertising-$20,926-$20,926
Information Technology$14,570$835-$15,405
Total Functional Expenses$3,872,830$705,685$111,948$4,690,463

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$4,690,463
Expenses per Audited Statements$4,052,612
Total Expenses per Audited Statements$4,052,612
Expenses Not Reported on Financial Statements$637,851
Other Expense Adjustments$637,851
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 return is reviewed and approved by the executive director, then sent to all members of the finance committee for review prior to filing. A copy is distributed to the full board prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Once a year the board of directors are required to disclose any conflict of interests and sign the conflict-of-interest policy.”

Form 990, Part VI, Section B, Line 15

“The school has a compensation committee that reviews and approves the executive director's salary each year, taking into account salary and benefit levels for similar positions at other schools.”

Form 990, Part VI, Section C, Line 18

“The school makes its governing documents, conflict-of-interest policy, financial statements and 990 available to the public upon request at the school's library. The 990 is also available on guidestar.”

Form 990, Part VI, Section C, Line 19

“SEE LINE 18 ABOVE.”

Filing and Contact Details

Filer

Filer Name
Breakwater Learning
EIN
01-0249577
Phone
2077728689
Address
856 BRIGHTON AVENUE, PORTLAND, ME 04102

Signing Officer

Name
Tom Fisher
Title
Co-director
Phone
2077728689
Signed
2024-05-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tom Fisher
Formed
1977
Legal Domicile
Me
Voting Board Members
9
Independent Board Members
9
Employees
148
Volunteers
25

Preparer

Firm
Wipfli Llp
Address
30 LONG CREEK DRIVE, SOUTH PORTLAND, ME 04106-2437
Preparer
Patrick Nicholas CPA
Phone
2077745701
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1

“Breakwater learning's mission is to engage students in an optimal learning experience that inspires them to live well on the planet, embrace their whole being, and realize their full potential. This is accomplished by continually reviewing and applying best educational practices while remaining true to our community's values and spirit.”

Financial Statement Notes

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid for students 637,851.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Financial aid for students 637,851.”

Raw XML AppendixShowing 400 of 504 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt02941116
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02821498
IRS990/LandBldgEquipBasisNetGrp/EOYAmt02654501
IRS990/LandBldgEquipCostOrOtherBssAmt05595617
IRS990/LegalDomicileStateCd0ME
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt071491
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SEE SCHEDULE O.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01611545
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01577606
IRS990/NetAssetsOrFundBalancesBOYAmt02175033
IRS990/NetAssetsOrFundBalancesEOYAmt02304925
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-222
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-222
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt044390
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt01703937
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt01760687
IRS990/NoncashContributionsAmt070934
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0189477
IRS990/OccupancyGrp/TotalAmt0189477
IRS990/OfficeExpensesGrp/FundraisingAmt03513
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt031771
IRS990/OfficeExpensesGrp/ProgramServicesAmt015336
IRS990/OfficeExpensesGrp/TotalAmt050620
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt02363
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt080674
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0213620
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0296657
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1PROGRAM COST
IRS990/OtherExpensesGrp/Desc2BANK FEES
IRS990/OtherExpensesGrp/FundraisingAmt0191
IRS990/OtherExpensesGrp/FundraisingAmt12543
IRS990/OtherExpensesGrp/FundraisingAmt262
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt02048
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt110037
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt252898
IRS990/OtherExpensesGrp/ProgramServicesAmt091311
IRS990/OtherExpensesGrp/ProgramServicesAmt178814
IRS990/OtherExpensesGrp/TotalAmt093550
IRS990/OtherExpensesGrp/TotalAmt191394
IRS990/OtherExpensesGrp/TotalAmt252960
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt095359
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt095792
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt02159630
IRS990/OtherSalariesAndWagesGrp/TotalAmt02350781
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt06142
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt017927
IRS990/PayrollTaxesGrp/ProgramServicesAmt0173452
IRS990/PayrollTaxesGrp/TotalAmt0197521
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024449
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018280
IRS990/PrincipalOfficerNm0TOM FISHER
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0611600
IRS990/ProgramServiceRevenueGrp/Desc0TUITION AND FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04098367
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04098367
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0605240
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0532358
IRS990/PYInvestmentIncomeAmt05779
IRS990/PYOtherExpensesAmt0931058
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03590490
IRS990/PYRevenuesLessExpensesAmt0282598
IRS990/PYSalariesCompEmpBnftPaidAmt02455495
IRS990/PYTotalExpensesAmt03918911
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04201509
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt085502
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04098367
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02175872
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02756967
IRS990ScheduleA/SchoolInd0X
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.30000
IRS990ScheduleD/BuildingsGrp/BookValueAmt02311391
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02508433
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04819824
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0202768
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt013920
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt0265854
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt049166
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0205425
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt038436
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0202768
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-41093
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0150064
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0205425
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt055361
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0137734
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0150064
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012330
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0125202
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0274
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0137734
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt012258
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt019784
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0432683
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0452467
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0637851
IRS990ScheduleD/ExpensesSubtotalAmt04052612
IRS990ScheduleD/LandGrp/BookValueAmt0323326
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0323326
IRS990ScheduleD/NetUnrealizedGainsInvstAmt044390
IRS990ScheduleD/OtherExpensesNotIncludedAmt0637851
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0637851
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.70000
IRS990ScheduleD/RevenueNotReportedAmt044390
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0637851
IRS990ScheduleD/RevenueSubtotalAmt04138114
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0FINANCIAL AID FOR STUDENTS 637,851.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1FINANCIAL AID FOR STUDENTS 637,851.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02654501
IRS990ScheduleD/TotalExpensesPerForm990Amt04690463
IRS990ScheduleD/TotalRevenuePerForm990Amt04775965
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04182504
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04052612
IRS990ScheduleE/ComplianceWithRevProc7550Ind00
IRS990ScheduleE/DiscriminateRaceAdmissPlcyInd00
IRS990ScheduleE/DiscriminateRaceAthltProgInd00
IRS990ScheduleE/DiscriminateRaceEducPlcyInd00
IRS990ScheduleE/DiscriminateRaceEmplmFcultyInd00
IRS990ScheduleE/DiscriminateRaceOtherActyInd00
IRS990ScheduleE/DiscriminateRaceSchsInd00
IRS990ScheduleE/DiscriminateRaceStdntsRghtsInd00
IRS990ScheduleE/DiscriminateRaceUseOfFcltsInd00
IRS990ScheduleE/GovernmentFinancialAidRcvdInd00
IRS990ScheduleE/GovernmentFinancialAidRvkdInd00
IRS990ScheduleE/MaintainCpyOfAllSolInd01
IRS990ScheduleE/MaintainCpyOfBrochuresEtcInd01
IRS990ScheduleE/MaintainRacialCompRecsInd01
IRS990ScheduleE/MaintainScholarshipsRecsInd01
IRS990ScheduleE/NondiscriminatoryPolicyStmtInd01
IRS990ScheduleE/PlcyPblczdViaBroadcastMediaInd00
IRS990ScheduleE/PolicyStmtInBrochuresEtcInd01
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt0DUE TO COST CONSTRAINTS, THE SCHOOL'S NON-DISCRIMINATION POLICY IS NOT INCLUDED IN NEWSPAPER, RADIO, OR TELEVISION ADVERTISING. IT IS, HOWEVER, INCLUDED ON THE ADMISSIONS PAGE OF THE SCHOOL'S WEBSITE, AND ON THE APPLICATION FORM WHICH IS INCLUDED IN THE MATERIALS SENT TO EVERYONE WHO INQUIRES ABOUT THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/ExplanationTxt1DUE TO COST CONSTRAINTS, THE SCHOOL'S NON-DISCRIMINATION POLICY IS NOT INCLUDED IN NEWSPAPER, RADIO, OR TELEVISION ADVERTISING. IT IS, HOWEVER, INCLUDED ON THE ADMISSIONS PAGE OF THE SCHOOL'S WEBSITE, AND ON THE APPLICATION FORM WHICH IS INCLUDED IN THE MATERIALS SENT TO EVERYONE WHO INQUIRES ABOUT THE SCHOOL.
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE E, PART I, LINE 3
IRS990ScheduleE/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE E, PART I, LINE 7
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0637851
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FINANCIAL AID TO STUDENTS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/NonCashAssistanceDesc0REDUCTION OF TUITION DUE FROM STUDENT.
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt065
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/ValuationMethodUsedDesc0BASED ON THE DISCOUNT GRANTED FROM STATED TUITION RATES.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT FUNDS (FINANCIAL AID) ARE DIRECT REDUCTIONS OF TUITION.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd01
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/ContributionCnt02
IRS990ScheduleM/SecuritiesPubliclyTradedGrp/MethodOfDeterminingRevenuesTxt0QUOTED

Document Assets

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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$5,885,434
Liabilities
$3,580,509
Net assets
$2,304,925
Revenue
$4,775,965
Expenses
$4,690,463
Net income
$85,502
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.65$2.93$2.72$5.03$5.28$0.25
2024Detailed filing. Detailed filing data is available for this year.$5.95$3.03$2.92$5.56$5.02$0.55
2023Detailed filing. Detailed filing data is available for this year.$5.89$3.58$2.30$4.78$4.69$0.09
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.33$3.15$2.18$4.20$3.92$0.28
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.12$3.06$2.07$3.83$3.49$0.34
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.02$2.36$1.67$4.07$3.87$0.20
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.11$2.64$1.47$3.86$4.03$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.46$2.82$1.64$3.81$4.13$0.32
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.41$2.43$1.98$3.54$3.50$0.04
2016Detailed filing. Detailed filing data is available for this year.$4.10$2.06$2.03$3.18$3.25$0.07
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.85$1.74$2.11$3.13$3.11$0.02
2014Summary only. Only limited summary data is available for this year.$3.74$1.64$2.10$2.80$2.39$0.41
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.80$2.07$1.72$2.19$2.41$0.22
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.79$1.95$1.84$2.39
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.71$1.73$1.98$2.19