Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $148,776

• 1f · All other contributions, gifts and grants

  $12,992,996

• 1g · Noncash contributions included above

  $19,189

• 2a · Program service revenue: ADMINISTRATIVE FEES

  total $3,630,421 · related or exempt $3,630,421

• 3 · Investment income

  total $5,529,065 · unrelated business -$926,651 · excluded $6,455,716

• 6a · Gross rents

  real property $2,159,249

• 6b · Less rental expenses

  real property $3,106,824

• 6c · Rental income or loss

  real property -$947,575

• 6d · Net rental income or loss

  total -$947,575 · related or exempt -$662,201 · unrelated business $776 · excluded -$286,150

• 7a · Gross sales of assets other than inventory

  securities $91,729,669

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

  securities $84,459,145

• 7c · Gain or loss

  securities $7,270,524

• 7d · Net gain or loss

  total $7,270,524 · excluded $7,270,524

• 8a · Fundraising events: gross income

  $115,090

• 8a · Fundraising events: contributions included on line 1c

  $148,776

• 8b · Fundraising events: direct expenses

  $117,197

• 8c · Net income from fundraising events

  total -$2,107 · excluded -$2,107

• 9a · Gaming: gross income

  $97,477

• 9b · Gaming: direct expenses

  $40,564

• 9c · Net income from gaming

  total $56,913 · excluded $56,913

• 10a · Gross sales of inventory

  $3,182,510

• 10b · Cost of goods sold

  $2,909,389

• 10c · Net income from sales of inventory

  total $273,121 · unrelated business $925 · excluded $272,196

• 11a · Other revenue: EVENTS

  total $518,573 · related or exempt $518,573

• 11b · Other revenue: UNIV ORG PROF DEVELOP

  total $269,034 · related or exempt $269,034

• 11c · Other revenue: UNIVERSITY SUPPORT INC

  total $92,460 · excluded $92,460

• 11d · All other revenue

  total $88,051 · excluded $88,051

• 11e · Other revenue, total

  $968,118

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $18,106,836 · program services $18,106,836

• 5 · Compensation of officers, directors and key employees

  total $561,792 · management and general $561,792

• 7 · Other salaries and wages

  total $5,066,282 · management and general $1,594,707 · fundraising $3,471,575

• 8 · Pension plan contributions

  total $344,783 · management and general $126,725 · fundraising $218,058

• 9 · Other employee benefits

  total $1,000,502 · management and general $346,844 · fundraising $653,658

• 10 · Payroll taxes

  total $436,493 · management and general $155,612 · fundraising $280,881

• 11b · Fees: legal

  total $35,442 · management and general $35,442

• 11c · Fees: accounting

  total $75,286 · management and general $75,286

• 11e · Fees: professional fundraising services

  total $105,700 · fundraising $105,700

• 11f · Fees: investment management

  total $853,959 · management and general $853,959

• 11g · Fees: other

  total $438,726 · management and general $412,169 · fundraising $26,557

• 13 · Office expenses

  total $100,668 · program services $39,247 · management and general $15,720 · fundraising $45,701

• 14 · Information technology

  total $145,710 · program services $139,177 · fundraising $6,533

• 16 · Occupancy

  total $37,184 · management and general $37,184

• 17 · Travel

  total $147,348 · program services $3,202 · fundraising $144,146

• 19 · Conferences, conventions and meetings

  total $365,975 · program services $19,168 · management and general $45,357 · fundraising $301,450

• 23 · Insurance

  total $28,812 · management and general $28,812

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $261,729 · management and general $94,338 · fundraising $167,391

• 24b · Other expenses: EQUIPMENT/SUPPLIES

  total $20,152 · management and general $18,764 · fundraising $1,388

• 24c · Other expenses: DONOR APPRECIATION GIFT

  total $13,396 · fundraising $13,396

• 24e · All other expenses

  total $48,572 · management and general $2,341 · fundraising $46,231

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,462,251 · end of year $2,402,046

• 3 · Pledges and grants receivable

  beginning of year $10,004,927 · end of year $10,038,132

• 4 · Accounts receivable

  beginning of year $942,905 · end of year $1,191,041

• 7 · Other notes and loans receivable

  beginning of year $8,303,504 · end of year $9,491,860

• 9 · Prepaid expenses and deferred charges

  beginning of year $83,126 · end of year $487,709

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

  $48,626,965

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

  $8,287,802

• 10c · Land, buildings and equipment, net

  beginning of year $41,109,781 · end of year $40,339,163

• 11 · Investments: publicly traded securities

  beginning of year $429,076,918 · end of year $446,031,197

• 12 · Investments: other securities

  beginning of year $180,261,478 · end of year $207,354,101

• 15 · Other assets

  beginning of year $1,753,400 · end of year $1,690,182

• 17 · Accounts payable and accrued expenses

  beginning of year $2,271,757 · end of year $3,174,100

• 19 · Deferred revenue

  beginning of year $60,282 · end of year $54,956

• 21 · Escrow or custodial account liability

  beginning of year $275,117,455 · end of year $306,915,279

• 23 · Secured mortgages and notes payable

  beginning of year $10,028,404 · end of year $9,693,220

• 25 · Other liabilities

  beginning of year $4,427,765 · end of year $4,751,924

• 27 · Net assets without donor restrictions

  beginning of year $67,835,941 · end of year $68,593,491

• 28 · Net assets with donor restrictions

  beginning of year $313,256,686 · end of year $325,842,461

The filer's explanations (Part III)

PART I, LINE 4A

NAME: DONNA WELCH, DESCRIPTION: SEVERENCE, CURRENT YEAR AMOUNT: $17,135. PLAN DESCRIPTION: SEVERANCE - SEPARATION AGREEMENT

FORM 990, PART VII, SECTION A, LINE 5

FLOYD AKINS IS COMPENSATED BY THE UNIVERSITY OF TOLEDO, AN UNRELATED ORGANIZATION.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• UTF GATEWAY INVESTMENTS

  STUDENT HOUSING/RETAIL · OH · income $1,644,435 · assets $15,807,900

  Directly controlled by UNIVERSITY OF TOLEDO FOUNDATION