Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $65,445

• 1e · Government grants (contributions)

  $4,382,793

• 1f · All other contributions, gifts and grants

  $11,156,654

• 1g · Noncash contributions included above

  $321,166

• 2a · Program service revenue: INSTRUCTION & RESEARCH

  total $168,016,377 · related or exempt $168,016,377

• 2b · Program service revenue: AUXILIARY SERVICE

  total $14,450,701 · related or exempt $14,450,701

• 2c · Program service revenue: FOOD SERVICE REVENUE

  total $8,644,882 · related or exempt $8,644,882

• 2d · Program service revenue: INTERCOLLEGIATE ATHLETICS

  total $2,538,646 · related or exempt $2,538,646

• 2e · Program service revenue: CONTRACT REVENUE

  total $1,173,796 · related or exempt $1,173,796

• 2f · All other program service revenue

  total $13,734 · related or exempt $13,734

• 3 · Investment income

  total $19,179,151 · unrelated business $1,823,800 · excluded $17,355,351

• 6a · Gross rents

  real property $113,527

• 6b · Less rental expenses

  real property $34,386

• 6c · Rental income or loss

  real property $79,141

• 6d · Net rental income or loss

  total $79,141 · unrelated business $79,141

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

  securities $7,619,861 · other assets $6,441

• 7c · Gain or loss

  securities -$7,619,861 · other assets -$6,441

• 7d · Net gain or loss

  total -$7,626,302 · excluded -$7,626,302

• 8a · Fundraising events: gross income

  $162,505

• 8b · Fundraising events: direct expenses

  $44,323

• 8c · Net income from fundraising events

  total $118,182 · excluded $118,182

• 9a · Gaming: gross income

  $66,978

• 9b · Gaming: direct expenses

  $39,026

• 9c · Net income from gaming

  total $27,952 · excluded $27,952

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $4,209,591 · related or exempt $4,209,591

• 11e · Other revenue, total

  $4,209,591

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $83,447,937 · program services $83,447,937

• 5 · Compensation of officers, directors and key employees

  total $3,174,382 · program services $2,825,200 · management and general $253,951 · fundraising $95,231

• 7 · Other salaries and wages

  total $73,290,748 · program services $64,933,706 · management and general $5,985,677 · fundraising $2,371,365

• 8 · Pension plan contributions

  total $3,694,284 · program services $3,386,320 · management and general $307,964

• 9 · Other employee benefits

  total $6,595,699 · program services $6,046,024 · management and general $549,675

• 10 · Payroll taxes

  total $5,369,542 · program services $4,922,129 · management and general $447,413

• 11a · Fees: management

  total $2,411,023 · program services $1,945,914 · management and general $440,576 · fundraising $24,533

• 11b · Fees: legal

  total $362,630 · program services $296,365 · management and general $66,265

• 11c · Fees: accounting

  total $127,610 · management and general $127,610

• 11f · Fees: investment management

  total $1,618,133 · management and general $1,618,133

• 11g · Fees: other

  total $1,903,219 · program services $1,903,219

• 12 · Advertising and promotion

  total $988,831 · program services $887,015 · management and general $74,116 · fundraising $27,700

• 13 · Office expenses

  total $7,473,108 · program services $6,841,450 · management and general $285,680 · fundraising $345,978

• 14 · Information technology

  total $3,660,611 · program services $3,622,295 · management and general $36,353 · fundraising $1,963

• 16 · Occupancy

  total $16,225,291 · program services $15,710,681 · management and general $514,462 · fundraising $148

• 17 · Travel

  total $3,406,285 · program services $3,142,205 · management and general $149,520 · fundraising $114,560

• 19 · Conferences, conventions and meetings

  total $1,362,600 · program services $1,300,550 · management and general $59,812 · fundraising $2,238

• 20 · Interest

  total $5,401,251 · program services $4,932,174 · management and general $469,077

• 22 · Depreciation, depletion and amortization

  total $13,530,402 · program services $13,530,402

• 23 · Insurance

  total $2,191,987 · program services $2,122,485 · management and general $69,502

• 24a · Other expenses: OTHER OPERATING EXPENSE

  total $2,516,356 · program services $2,180,071 · management and general $94,869 · fundraising $241,416

• 24b · Other expenses: OTHER NONOPERATING EXPE

  total $1,757,311 · management and general $1,757,311

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,729,125 · end of year $17,519,667

• 2 · Savings and temporary cash investments

  end of year $701,173

• 3 · Pledges and grants receivable

  beginning of year $2,589,167 · end of year $4,608,337

• 4 · Accounts receivable

  beginning of year $4,530,412 · end of year $3,398,833

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,375,434 · end of year $1,369,688

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

  $592,128,159

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

  $266,370,937

• 10c · Land, buildings and equipment, net

  beginning of year $336,817,692 · end of year $325,757,222

• 11 · Investments: publicly traded securities

  beginning of year $89,589,093 · end of year $212,186,807

• 12 · Investments: other securities

  beginning of year $257,921,061 · end of year $149,533,772

• 13 · Investments: program-related

  beginning of year $26,027

• 15 · Other assets

  beginning of year $1,929,425 · end of year $1,899,062

• 17 · Accounts payable and accrued expenses

  beginning of year $24,482,302 · end of year $20,870,725

• 19 · Deferred revenue

  beginning of year $3,076,165 · end of year $2,358,585

• 20 · Tax-exempt bond liabilities

  beginning of year $140,644,848 · end of year $136,506,765

• 23 · Secured mortgages and notes payable

  beginning of year $852,295 · end of year $679,093

• 24 · Unsecured notes and loans payable

  beginning of year $2,115,493 · end of year $3,231,917

• 25 · Other liabilities

  beginning of year $24,866,357 · end of year $24,926,928

• 27 · Net assets without donor restrictions

  beginning of year $360,805,313 · end of year $370,803,038

• 28 · Net assets with donor restrictions

  beginning of year $149,664,663 · end of year $157,597,510

The filer's explanations (Part III)

PART I, LINE 1A

ALL BENEFITS IDENTIFIED IN PART 1, LINE 1A ARE TREATED AS TAXABLE COMPENSATION.

PART I, LINE 1B

THE UNIVERSITY HAS A POLICY FOR CHARTER TRAVEL. HOWEVER, FOR ALL OTHER COMPONENTS INDICATED, THE UNIVERSITY PROVIDES FOR IN A WRITTEN CONTRACT WITH THE EMPLOYEE.