Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $23,885

• 1d · Related organizations

  $1,517

• 1e · Government grants (contributions)

  $881,851

• 1f · All other contributions, gifts and grants

  $3,760,172

• 1g · Noncash contributions included above

  $862,936

• 2a · Program service revenue: Tuition and Fees

  total $26,436,511 · related or exempt $26,436,511

• 2b · Program service revenue: Student Housing

  total $2,747,818 · related or exempt $2,747,818

• 2c · Program service revenue: Food Service

  total $1,411,984 · related or exempt $1,411,984

• 2f · All other program service revenue

  total $633,588 · related or exempt $633,588

• 3 · Investment income

  total $455,329 · excluded $455,329

• 5 · Royalties

  total $1,625 · excluded $1,625

• 6a · Gross rents

  real property $76,555

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $76,555

• 6d · Net rental income or loss

  total $76,555 · unrelated business $25,753 · excluded $50,802

• 7a · Gross sales of assets other than inventory

  securities $4,730,232

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

  securities $4,612,153

• 7c · Gain or loss

  securities $118,079

• 7d · Net gain or loss

  total $118,079 · excluded $118,079

• 8a · Fundraising events: gross income

  $9,490

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

  $23,885

• 8b · Fundraising events: direct expenses

  $23,506

• 8c · Net income from fundraising events

  total -$14,016 · excluded -$14,016

• 10a · Gross sales of inventory

  $288,276

• 10b · Cost of goods sold

  $231,311

• 10c · Net income from sales of inventory

  total $56,965 · excluded $56,965

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $9,878,846 · program services $9,878,846

• 5 · Compensation of officers, directors and key employees

  total $658,964 · management and general $439,521 · fundraising $219,443

• 7 · Other salaries and wages

  total $11,375,526 · program services $9,794,027 · management and general $1,399,207 · fundraising $182,292

• 8 · Pension plan contributions

  total $326,696 · program services $270,441 · management and general $50,983 · fundraising $5,272

• 9 · Other employee benefits

  total $1,551,384 · program services $1,211,890 · management and general $313,093 · fundraising $26,401

• 10 · Payroll taxes

  total $826,380 · program services $694,838 · management and general $107,256 · fundraising $24,286

• 11c · Fees: accounting

  total $88,675 · management and general $88,675

• 11e · Fees: professional fundraising services

  total $19,672 · fundraising $19,672

• 11f · Fees: investment management

  total $93,669 · management and general $93,277 · fundraising $392

• 11g · Fees: other

  total $2,818,372 · program services $2,199,820 · management and general $547,756 · fundraising $70,796

• 12 · Advertising and promotion

  total $525,432 · program services $158,487 · management and general $366,945

• 13 · Office expenses

  total $1,439,052 · program services $1,169,769 · management and general $230,473 · fundraising $38,810

• 14 · Information technology

  total $6,611 · program services $825 · management and general $5,786

• 16 · Occupancy

  total $2,321,648 · program services $2,163,309 · management and general $151,363 · fundraising $6,976

• 17 · Travel

  total $953,775 · program services $910,518 · management and general $35,501 · fundraising $7,756

• 19 · Conferences, conventions and meetings

  total $44,020 · program services $34,811 · management and general $8,499 · fundraising $710

• 20 · Interest

  total $667,221 · program services $609,640 · management and general $54,245 · fundraising $3,336

• 22 · Depreciation, depletion and amortization

  total $2,765,462 · program services $2,526,803 · management and general $224,832 · fundraising $13,827

• 23 · Insurance

  total $428,219 · program services $100,183 · management and general $323,124 · fundraising $4,912

• 24a · Other expenses: UBI Taxes

  total $4,421 · management and general $4,421

• 24b · Other expenses: Repairs/Maintenance

  total $806,432 · program services $352,976 · management and general $451,684 · fundraising $1,772

• 24c · Other expenses: Memberships, subscripti

  total $285,878 · program services $241,274 · management and general $39,093 · fundraising $5,511

• 24d · Other expenses: Meals and Entertainment

  total $237,157 · program services $196,087 · management and general $19,275 · fundraising $21,795

• 24e · All other expenses

  total $377,183 · program services $243,299 · management and general $104,838 · fundraising $29,046

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,770,495 · end of year $846,902

• 2 · Savings and temporary cash investments

  beginning of year $1,302,482 · end of year $1,364,369

• 3 · Pledges and grants receivable

  beginning of year $5,734,402 · end of year $2,399,254

• 4 · Accounts receivable

  beginning of year $633,042 · end of year $481,842

• 8 · Inventories for sale or use

  beginning of year $117,290 · end of year $140,711

• 9 · Prepaid expenses and deferred charges

  beginning of year $436,515 · end of year $773,226

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

  $103,163,409

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

  $48,092,302

• 10c · Land, buildings and equipment, net

  beginning of year $55,898,916 · end of year $55,071,107

• 11 · Investments: publicly traded securities

  beginning of year $23,988,161 · end of year $28,661,045

• 12 · Investments: other securities

  beginning of year $1,783,405 · end of year $630,779

• 13 · Investments: program-related

  beginning of year $610,656 · end of year $494,883

• 15 · Other assets

  beginning of year $2,195,880 · end of year $3,378,960

• 17 · Accounts payable and accrued expenses

  beginning of year $1,809,459 · end of year $1,920,251

• 18 · Grants payable

  beginning of year $685,400 · end of year $546,163

• 19 · Deferred revenue

  beginning of year $1,071,803 · end of year $975,059

• 20 · Tax-exempt bond liabilities

  beginning of year $16,227,493 · end of year $15,570,745

• 22 · Loans and payables to officers and key people

  beginning of year $653,415 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $445,907 · end of year $17,580

• 24 · Unsecured notes and loans payable

  beginning of year $186,925 · end of year $160,715

• 25 · Other liabilities

  beginning of year $350,652 · end of year $678,781

• 27 · Net assets without donor restrictions

  beginning of year $42,101,406 · end of year $42,600,929

• 28 · Net assets with donor restrictions

  beginning of year $30,938,784 · end of year $31,772,855

The filer's explanations (Part III)

Part I, Line 4a

Jonathan Anderson received a severance payment of $9,811.

Related corporations and trusts

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

• Charitable Remainder Trust (1)

  T · INVESTMENT · PA