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Statement of Financial Position

As of June 30, 2025

Assets

Current Assets $977,012
Property and Equipment, net $18,193,492
Contributions receivable, net of current portion $386,272
Investments $18,833,513
Right of Use Assets $4,148,955
Other Assets $18,000
Total Assets $42,557,244

Liabilities and Net Assets

Current Liabilities $95,191
Due to College (NOWI) $13,682,140
Lease Liability $4,309,302
Mortgage notes payable, net of current portion. $1,697,304
Total Liabilities $19,783,937

Net Assets

Unrestricted $3,688,296
Temporarily Restricted                                                 $19,085,011
Total Net Assets
$22,773,307

 

Total Liabilities and Net Assets                           
$42,557,244

Statement of Revenue & Expenses

As of June 30, 2025

Revenue and Support

Contributions $1,052,029
Special Events $69,721
Investment Return $1,621,827
Rent and Other Income $1,667,228
Total Revenue and Support
$4,410,805

Expenses

Scholarships, Awards and Student Support $3,432,726
General and Administrative $87,085
Fundraising $248,085
Total Expenses
$3,767,896

 

Changes in Net Assets            
$642,909