Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $31,250

• 1e · Government grants (contributions)

  $4,134,308

• 1f · All other contributions, gifts and grants

  $2,169,757

• 1g · Noncash contributions included above

  $21,363

• 2a · Program service revenue: Tuition and Fees

  total $63,409,701 · related or exempt $63,409,701

• 2b · Program service revenue: Auxiliary Services

  total $14,383,908 · related or exempt $14,011,001 · unrelated business $372,907

• 2c · Program service revenue: Miscellaneous Revenue

  total $942,201 · related or exempt $942,201

• 3 · Investment income

  total $956,610 · excluded $956,610

• 7a · Gross sales of assets other than inventory

  securities $7,091,866

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

  securities $7,316,122

• 7c · Gain or loss

  securities -$224,256

• 7d · Net gain or loss

  total -$224,256 · excluded -$224,256

• 8a · Fundraising events: gross income

  $16,875

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

  $31,250

• 8b · Fundraising events: direct expenses

  $14,088

• 8c · Net income from fundraising events

  total $2,787 · excluded $2,787

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $33,191,754 · program services $33,191,754

• 5 · Compensation of officers, directors and key employees

  total $1,003,380 · management and general $1,003,380

• 7 · Other salaries and wages

  total $20,971,746 · program services $18,957,787 · management and general $1,507,479 · fundraising $506,480

• 8 · Pension plan contributions

  total $771,199 · program services $681,884 · management and general $71,098 · fundraising $18,217

• 9 · Other employee benefits

  total $4,382,429 · program services $3,823,120 · management and general $481,880 · fundraising $77,429

• 10 · Payroll taxes

  total $1,531,549 · program services $1,326,047 · management and general $170,074 · fundraising $35,428

• 11b · Fees: legal

  total $208,471 · management and general $208,471

• 11c · Fees: accounting

  total $196,291 · management and general $196,291

• 11f · Fees: investment management

  total $168,208 · management and general $168,208

• 11g · Fees: other

  total $4,703,368 · program services $3,715,604 · management and general $908,534 · fundraising $79,230

• 12 · Advertising and promotion

  total $347,134 · program services $343,368 · management and general $275 · fundraising $3,491

• 13 · Office expenses

  total $1,016,849 · program services $392,455 · management and general $596,717 · fundraising $27,677

• 14 · Information technology

  total $543,988 · program services $445,968 · management and general $98,020

• 16 · Occupancy

  total $5,818,853 · program services $5,438,594 · management and general $379,043 · fundraising $1,216

• 17 · Travel

  total $237,879 · program services $225,931 · management and general $2,731 · fundraising $9,217

• 20 · Interest

  total $1,174,345 · program services $1,123,889 · management and general $50,456

• 22 · Depreciation, depletion and amortization

  total $4,166,176 · program services $3,987,177 · management and general $178,999

• 23 · Insurance

  total $946,748 · program services $906,071 · management and general $40,677

• 24a · Other expenses: Student Board

  total $2,720,730 · program services $2,696,995 · management and general $23,735

• 24b · Other expenses: Athletics

  total $1,474,921 · program services $1,474,921

• 24c · Other expenses: Other Expenses

  total $722,145 · program services $597,879 · management and general $102,879 · fundraising $21,387

• 24d · Other expenses: Federal Perkins Loan ca

  total $518,638 · program services $518,638

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $19,567,735 · end of year $12,131,809

• 2 · Savings and temporary cash investments

  beginning of year $427,273 · end of year $702,644

• 3 · Pledges and grants receivable

  beginning of year $343,081 · end of year $8,876,787

• 4 · Accounts receivable

  beginning of year $688,504 · end of year $830,607

• 7 · Other notes and loans receivable

  beginning of year $1,709,276 · end of year $649,286

• 8 · Inventories for sale or use

  beginning of year $239,109 · end of year $131,689

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,159,226 · end of year $1,175,070

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

  $113,164,012

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

  $70,666,462

• 10c · Land, buildings and equipment, net

  beginning of year $48,929,004 · end of year $42,497,550

• 11 · Investments: publicly traded securities

  beginning of year $20,797,394 · end of year $20,292,304

• 14 · Intangible assets

  beginning of year $0 · end of year $5,091,389

• 15 · Other assets

  beginning of year $354,427 · end of year $373,921

• 17 · Accounts payable and accrued expenses

  beginning of year $5,082,281 · end of year $3,978,276

• 19 · Deferred revenue

  beginning of year $3,087,564 · end of year $3,934,536

• 20 · Tax-exempt bond liabilities

  beginning of year $30,057,425 · end of year $29,281,012

• 25 · Other liabilities

  beginning of year $8,935,044 · end of year $9,310,076

• 27 · Net assets without donor restrictions

  beginning of year $37,004,266 · end of year $34,248,426

• 28 · Net assets with donor restrictions

  beginning of year $10,048,449 · end of year $12,000,730

The filer's explanations (Part III)

Part I, Line 7

Dr. Kim Mooney, President, Priscilla Marsicovetere, Dean Coll Heatlh & Nat Science/ HP, and Marci Contreras, Academic Program Director - MPAS AZ, received bonuses based on industry comparisons for merit and job performance.

Form 990, Part VII, Line 5:

During calendar year 2022, Janet Waldron, Interim CFO/VP of Finance & Accounting, was compensated by The Registry for services rendered to the University. Compensation for Mrs. Waldron totaled $280,000.