Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $7,354,679

• 1f · All other contributions, gifts and grants

  $4,644,743

• 2a · Program service revenue: TUITION & FEES

  total $94,295,401 · related or exempt $94,295,401

• 2b · Program service revenue: DORMITORIES

  total $7,899,832 · related or exempt $7,899,832

• 2c · Program service revenue: AUXILIARY ENTERPRISES

  total $2,648,643 · related or exempt $2,633,030 · unrelated business $15,613

• 2d · Program service revenue: BOOKSTORE

  total $838,581 · related or exempt $838,581

• 3 · Investment income

  total $2,682,181 · unrelated business $6,695 · excluded $2,675,486

• 4 · Income from investment of tax-exempt bond proceeds

  total $4,315 · excluded $4,315

• 5 · Royalties

  total $13,082 · excluded $13,082

• 6a · Gross rents

  real property $184,120

• 6b · Less rental expenses

  real property $30,071

• 6c · Rental income or loss

  real property $154,049

• 6d · Net rental income or loss

  total $154,049 · excluded $154,049

• 7a · Gross sales of assets other than inventory

  securities $17,359,640

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

  securities $15,967,776

• 7c · Gain or loss

  securities $1,391,864

• 7d · Net gain or loss

  total $1,391,864 · excluded $1,391,864

• 11a · Other revenue: DIGITAL PRINTING

  total $122,128 · related or exempt $122,128

• 11b · Other revenue: TICKET AND EVENT INCOME

  total $20,091 · excluded $20,091

• 11c · Other revenue: GRADUATE LAB

  total $3,941 · related or exempt $3,941

• 11d · All other revenue

  total $89,524 · excluded $89,524

• 11e · Other revenue, total

  $235,684

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $35,030,660 · program services $35,030,660

• 5 · Compensation of officers, directors and key employees

  total $3,683,205 · program services $852,933 · management and general $2,492,115 · fundraising $338,157

• 7 · Other salaries and wages

  total $39,994,868 · program services $31,749,582 · management and general $7,243,278 · fundraising $1,002,008

• 8 · Pension plan contributions

  total $2,437,605 · program services $1,935,072 · management and general $441,463 · fundraising $61,070

• 9 · Other employee benefits

  total $4,313,345 · program services $3,424,112 · management and general $781,169 · fundraising $108,064

• 10 · Payroll taxes

  total $2,974,240 · program services $2,220,055 · management and general $662,927 · fundraising $91,258

• 11b · Fees: legal

  total $243,711 · program services $13,242 · management and general $254,983 · fundraising -$24,514

• 11c · Fees: accounting

  total $214,430 · management and general $214,430

• 11e · Fees: professional fundraising services

  total $6,893 · fundraising $6,893

• 11f · Fees: investment management

  total $76,962 · management and general $76,962

• 11g · Fees: other

  total $1,870,710 · program services $1,336,745 · management and general $522,604 · fundraising $11,361

• 12 · Advertising and promotion

  total $1,929,198 · program services $1,634,538 · management and general $289,245 · fundraising $5,415

• 13 · Office expenses

  total $1,583,672 · program services $1,174,689 · management and general $352,619 · fundraising $56,364

• 14 · Information technology

  total $1,877,972 · program services $652,716 · management and general $1,188,084 · fundraising $37,172

• 16 · Occupancy

  total $5,998,635 · program services $1,319,780 · management and general $4,673,587 · fundraising $5,268

• 17 · Travel

  total $801,344 · program services $728,050 · management and general $65,073 · fundraising $8,221

• 19 · Conferences, conventions and meetings

  total $474,513 · program services $366,161 · management and general $63,103 · fundraising $45,249

• 20 · Interest

  total $3,312,719 · program services $3,134,360 · management and general $178,359

• 22 · Depreciation, depletion and amortization

  total $8,016,407 · program services $7,441,226 · management and general $575,181

• 23 · Insurance

  total $2,072,801 · program services $1,411,254 · management and general $661,547

• 24a · Other expenses: AUXILIARY-OTHER

  total $2,580,256 · program services $2,580,256 · management and general $0 · fundraising $0

• 24b · Other expenses: ALL OTHER EXPENSES

  total $1,755,409 · program services $1,760,759 · management and general -$5,350

• 24c · Other expenses: BAD DEBT

  total $428,807 · management and general $428,807

• 24d · Other expenses: STUDENT SERVICES

  total $419,135 · program services $214,986 · management and general $203,409 · fundraising $740

• 24e · All other expenses

  total $484,369 · program services $331,090 · management and general $153,237 · fundraising $42

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $29,995,250 · end of year $25,678,360

• 3 · Pledges and grants receivable

  beginning of year $7,570,990 · end of year $6,278,830

• 4 · Accounts receivable

  beginning of year $2,908,769 · end of year $4,139,439

• 8 · Inventories for sale or use

  beginning of year $385,026 · end of year $361,079

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,670,478 · end of year $1,556,220

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

  $302,343,188

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

  $140,933,119

• 10c · Land, buildings and equipment, net

  beginning of year $160,864,386 · end of year $161,410,069

• 11 · Investments: publicly traded securities

  beginning of year $96,214,228 · end of year $91,712,264

• 12 · Investments: other securities

  beginning of year $22,086,366 · end of year $22,509,325

• 13 · Investments: program-related

  beginning of year $354,484 · end of year $354,484

• 15 · Other assets

  beginning of year $6,005,556 · end of year $5,808,608

• 17 · Accounts payable and accrued expenses

  beginning of year $12,218,836 · end of year $11,371,613

• 19 · Deferred revenue

  beginning of year $3,904,874 · end of year $3,719,193

• 20 · Tax-exempt bond liabilities

  beginning of year $85,659,945 · end of year $83,755,910

• 25 · Other liabilities

  beginning of year $910,164 · end of year $664,655

• 27 · Net assets without donor restrictions

  beginning of year $131,403,137 · end of year $127,426,945

• 28 · Net assets with donor restrictions

  beginning of year $94,958,577 · end of year $92,870,362

The filer's explanations (Part III)

SCHEDULE J, PART II

SEVERANCE PAYOUTS FOR SEPERATION: SHERI PARKS PAYOUT DATE: 9/2022 $44,833.02 AUDREY TANNER PAYOUT DATE: 1/2023 $116,813.06

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• POOLED INCOME FUND (1)

  T · ANNUITY · MD

• CHARITABLE REMAINDER TRUSTS (4)

  T · ANNUITY · MD