Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,906,747

• 1f · All other contributions, gifts and grants

  $5,608,266

• 2a · Program service revenue: TUITION & INSTRUCTION

  total $39,872,861 · related or exempt $39,872,861

• 2b · Program service revenue: RESIDENCE HALL & STUDENT MEALS

  total $11,528,181 · excluded $11,528,181

• 2c · Program service revenue: CLAYTON CENTER FOR THE ARTS

  total $816,437 · related or exempt $44,270 · unrelated business $772,167

• 2d · Program service revenue: OTHER INCOME

  total $146,568 · related or exempt $146,568

• 2e · Program service revenue: SALES OF EDUCATION ACTIVITIES

  total $29,840 · related or exempt $29,840

• 3 · Investment income

  total $2,673,025 · excluded $2,673,025

• 6a · Gross rents

  real property $153,751

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $153,751

• 6d · Net rental income or loss

  total $153,751 · related or exempt $153,751

• 7a · Gross sales of assets other than inventory

  securities $2,657,947

• 7b · Less cost or other basis and sales expenses

  securities $0 · other assets $127,739

• 7c · Gain or loss

  securities $2,657,947 · other assets -$127,739

• 7d · Net gain or loss

  total $2,530,208 · related or exempt $2,530,208

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $24,748,555 · program services $24,748,555

• 4 · Benefits paid to or for members

  total $172,961 · program services $172,961

• 5 · Compensation of officers, directors and key employees

  total $1,330,719 · program services $1,330,719

• 7 · Other salaries and wages

  total $15,747,169 · program services $11,478,813 · management and general $3,459,142 · fundraising $809,214

• 9 · Other employee benefits

  total $1,999,792 · program services $1,400,899 · management and general $500,409 · fundraising $98,484

• 10 · Payroll taxes

  total $1,056,500 · program services $765,289 · management and general $243,323 · fundraising $47,888

• 11g · Fees: other

  total $468,873 · program services $172,112 · management and general $249,697 · fundraising $47,064

• 12 · Advertising and promotion

  total $67,676 · program services $8,707 · management and general $58,969

• 13 · Office expenses

  total $851,220 · program services $730,660 · management and general $15,133 · fundraising $105,427

• 14 · Information technology

  total $1,015,075 · program services $6,004 · management and general $1,009,071

• 16 · Occupancy

  total $467,223 · program services $203,911 · management and general $263,312

• 17 · Travel

  total $886,307 · program services $831,242 · management and general $22,054 · fundraising $33,011

• 19 · Conferences, conventions and meetings

  total $167,148 · program services $71,420 · management and general $94,848 · fundraising $880

• 20 · Interest

  total $513,636 · management and general $513,636

• 22 · Depreciation, depletion and amortization

  total $3,140,639 · management and general $3,140,639

• 23 · Insurance

  total $729,766 · program services $109,367 · management and general $620,399

• 24a · Other expenses: OTHER EXPENSES

  total $3,681,833 · program services $2,183,243 · management and general $1,498,590 · fundraising $0

• 24b · Other expenses: DINING HALL OPERATIONS

  total $2,787,337 · program services $2,787,337 · management and general $0 · fundraising $0

• 24c · Other expenses: PLANT MAINTENANCE, OPER

  total $2,019,193 · program services $837,847 · management and general $1,181,346 · fundraising $0

• 24d · Other expenses: ATHLETICS PROGRAMS

  total $1,699,041 · program services $1,699,041 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $136,325 · program services $127,322 · management and general $9,003

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,790,186 · end of year $1,386,468

• 2 · Savings and temporary cash investments

  beginning of year $27,521 · end of year $27,521

• 3 · Pledges and grants receivable

  beginning of year $1,729,424 · end of year $1,637,003

• 4 · Accounts receivable

  beginning of year $1,066,204 · end of year $662,262

• 8 · Inventories for sale or use

  beginning of year $2,512 · end of year $2,836

• 9 · Prepaid expenses and deferred charges

  beginning of year $13,180,141 · end of year $12,968,589

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

  $132,890,984

• 10b · Land, buildings and equipment: accumulated depreciation

  $60,723,125

• 10c · Land, buildings and equipment, net

  beginning of year $70,774,045 · end of year $72,167,859

• 13 · Investments: program-related

  beginning of year $113,649,556 · end of year $118,698,899

• 15 · Other assets

  beginning of year $5,527,627 · end of year $5,296,250

• 17 · Accounts payable and accrued expenses

  beginning of year $2,784,427 · end of year $3,304,005

• 19 · Deferred revenue

  beginning of year $127,125 · end of year $535,876

• 20 · Tax-exempt bond liabilities

  beginning of year $22,691,383 · end of year $23,606,831

• 23 · Secured mortgages and notes payable

  beginning of year $8,008,416 · end of year $6,391,990

• 25 · Other liabilities

  beginning of year $981,106 · end of year $1,058,065

• 27 · Net assets without donor restrictions

  beginning of year $52,521,141 · end of year $53,205,236

• 28 · Net assets with donor restrictions

  beginning of year $120,633,618 · end of year $124,745,684

The filer's explanations (Part III)

PART I, LINE 1A

THE SPOUSE OF THE PRESIDENT SOMETIMES ACCOMPANIES HIM TO CONFERENCES AND MEETINGS DURING THE YEAR. THE COLLEGE PAYS FOR HER TRAVEL EXPENSES. ALSO, THE PRESIDENT RECEIVES AN ANNUAL HOUSING ALLOWANCE AND AN AUTO ALLOWANCE. THE ANNUAL VALUES OF THESE ALLOWANCES ARE ADDED TO HIS TAXABLE COMPENSATION.