Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $25,823

• 1e · Government grants (contributions)

  $1,091,965

• 1f · All other contributions, gifts and grants

  $1,604,362

• 1g · Noncash contributions included above

  $5,638

• 2a · Program service revenue: Tuition and Fees

  total $35,051,928 · related or exempt $35,051,928

• 2b · Program service revenue: Residence & Dining

  total $7,396,261 · related or exempt $7,396,261

• 2c · Program service revenue: Miscellaneous Revenue

  total $1,735,112 · excluded $1,735,112

• 2d · Program service revenue: Sports & Recreation

  total $587,429 · unrelated business $587,429

• 3 · Investment income

  total $392,983 · excluded $392,983

• 7a · Gross sales of assets other than inventory

  securities $4,359,331 · other assets $568,906

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

  securities $4,380,190 · other assets $404,025

• 7c · Gain or loss

  securities -$20,859 · other assets $164,881

• 7d · Net gain or loss

  total $144,022 · excluded $144,022

• 8a · Fundraising events: gross income

  $80,994

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

  $25,823

• 8b · Fundraising events: direct expenses

  $37,402

• 8c · Net income from fundraising events

  total $43,592 · excluded $43,592

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $17,420,093 · program services $17,420,093

• 5 · Compensation of officers, directors and key employees

  total $1,168,515 · program services $1,168,515

• 7 · Other salaries and wages

  total $15,285,257 · program services $13,758,728 · management and general $1,221,223 · fundraising $305,306

• 8 · Pension plan contributions

  total $170,981 · program services $153,753 · management and general $13,782 · fundraising $3,446

• 9 · Other employee benefits

  total $1,591,230 · program services $1,432,055 · management and general $127,340 · fundraising $31,835

• 10 · Payroll taxes

  total $1,110,064 · program services $1,005,999 · management and general $83,252 · fundraising $20,813

• 11b · Fees: legal

  total $58,159 · management and general $58,159

• 11c · Fees: accounting

  total $69,885 · management and general $69,885

• 11f · Fees: investment management

  total $89,710 · management and general $89,710

• 11g · Fees: other

  total $1,778,237 · program services $1,600,413 · management and general $142,259 · fundraising $35,565

• 12 · Advertising and promotion

  total $2,412,477 · program services $2,171,229 · management and general $192,998 · fundraising $48,250

• 13 · Office expenses

  total $496,714 · program services $447,043 · management and general $39,737 · fundraising $9,934

• 14 · Information technology

  total $1,193,862 · program services $1,193,862

• 16 · Occupancy

  total $1,642,874 · program services $1,490,143 · management and general $132,457 · fundraising $20,274

• 17 · Travel

  total $423,915 · program services $381,524 · management and general $33,913 · fundraising $8,478

• 20 · Interest

  total $575,108 · program services $517,597 · management and general $46,009 · fundraising $11,502

• 22 · Depreciation, depletion and amortization

  total $2,755,824 · program services $2,480,242 · management and general $220,466 · fundraising $55,116

• 23 · Insurance

  total $435,425 · program services $413,654 · management and general $21,771

• 24a · Other expenses: Miscellaneous Expenses

  total $1,203,536 · program services $1,105,288 · management and general $98,248

• 24b · Other expenses: Food Services

  total $1,070,126 · program services $1,070,126

• 24c · Other expenses: Bad Debt Expense

  total $373,690 · program services $373,690

• 24d · Other expenses: Membership & Dues

  total $206,341 · program services $196,024 · management and general $10,317

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $78,725 · end of year $28,303

• 2 · Savings and temporary cash investments

  beginning of year $4,651,645 · end of year $2,172,053

• 3 · Pledges and grants receivable

  beginning of year $1,169,469 · end of year $122,718

• 4 · Accounts receivable

  beginning of year $511,683 · end of year $701,627

• 7 · Other notes and loans receivable

  beginning of year $1,113,510 · end of year $871,651

• 8 · Inventories for sale or use

  beginning of year $47,446 · end of year $60,743

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,515,653 · end of year $1,572,461

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

  $82,616,450

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

  $42,185,275

• 10c · Land, buildings and equipment, net

  beginning of year $40,186,511 · end of year $40,431,175

• 11 · Investments: publicly traded securities

  beginning of year $14,925,604 · end of year $15,324,786

• 14 · Intangible assets

  beginning of year $0 · end of year $253,153

• 15 · Other assets

  beginning of year $2,604,387 · end of year $2,770,717

• 17 · Accounts payable and accrued expenses

  beginning of year $1,843,693 · end of year $2,936,978

• 19 · Deferred revenue

  beginning of year $1,372,635 · end of year $1,208,070

• 20 · Tax-exempt bond liabilities

  beginning of year $13,694,014 · end of year $12,336,222

• 24 · Unsecured notes and loans payable

  beginning of year $82,353 · end of year $0

• 25 · Other liabilities

  beginning of year $787,000 · end of year $1,119,754

• 27 · Net assets without donor restrictions

  beginning of year $30,867,017 · end of year $27,282,609

• 28 · Net assets with donor restrictions

  beginning of year $18,157,921 · end of year $19,425,754

The filer's explanations (Part III)

Part I, Line 1a

The College provided a taxable housing allowance and automobile allowance benefits to Dr. James S. Dlugos, President, in the amount of $37,776 and $19,200, respectively.

Related corporations and trusts

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

• Charitable Remainder Annuity Trust (1)

  T · Trust · CA · controlled entity

  Directly controlled by Trustees of Saint Joseph's College