Totals
- Total revenue
- $81,080,501
- Total expenses
- $69,638,989
- Contributions and grants received
- $20,783,781
- Grants paid
- $37,685,102
- Program service revenue
- $59,404,745
- Investment income
- $952,972
- Other revenue
- -$60,997
- Total assets, end of year
- $72,580,969
- Total liabilities, end of year
- $17,659,933
- Net assets or fund balances, end of year
- $54,921,036
- Program services expenses (Part IX)
- $59,495,383
- Management and general expenses
- $9,582,189
- Fundraising expenses
- $561,417
- Program service expenses (Part III)
- $59,495,383
Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1c · Fundraising events
$220,527
-
1e · Government grants (contributions)
$11,133,127
-
1f · All other contributions, gifts and grants
$9,430,127
-
2a · Program service revenue: TUITION & FEES
total $53,693,278 · related or exempt $53,693,278
-
2b · Program service revenue: STUDENT ROOM AND BOARD
total $5,181,115 · related or exempt $5,181,115
-
2c · Program service revenue: AUXILIARY ENTERPRISES
total $349,815 · related or exempt $349,815
-
2d · Program service revenue: SUMMER CAMP, PROFESSIONAL WORKSHO
total $180,537 · related or exempt $180,537
-
3 · Investment income
total $861,932 · excluded $861,932
-
7a · Gross sales of assets other than inventory
securities $3,792,523
-
7b · Less cost or other basis and sales expenses
securities $3,701,483
-
7c · Gain or loss
securities $91,040
-
7d · Net gain or loss
total $91,040 · related or exempt $91,040
-
8a · Fundraising events: gross income
$182,456
-
8a · Fundraising events: contributions included on line 1c
$220,527
-
8b · Fundraising events: direct expenses
$243,453
-
8c · Net income from fundraising events
total -$60,997 · excluded -$60,997
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $37,685,102 · program services $37,685,102
-
5 · Compensation of officers, directors and key employees
total $1,131,888 · program services $264,996 · management and general $523,181 · fundraising $343,711
-
7 · Other salaries and wages
total $12,272,254 · program services $10,186,225 · management and general $2,067,593 · fundraising $18,436
-
8 · Pension plan contributions
total $348,740 · program services $271,913 · management and general $67,405 · fundraising $9,422
-
9 · Other employee benefits
total $783,302 · program services $610,741 · management and general $151,398 · fundraising $21,163
-
10 · Payroll taxes
total $1,139,352 · program services $888,354 · management and general $220,216 · fundraising $30,782
-
11b · Fees: legal
total $66,132 · management and general $66,132
-
11g · Fees: other
total $3,016,803 · program services $780,003 · management and general $2,193,631 · fundraising $43,169
-
12 · Advertising and promotion
total $511,109 · program services $8,027 · management and general $502,582 · fundraising $500
-
13 · Office expenses
total $3,706,454 · program services $1,870,446 · management and general $1,772,733 · fundraising $63,275
-
16 · Occupancy
total $2,018,368 · program services $186,353 · management and general $1,832,015
-
17 · Travel
total $3,384,696 · program services $3,297,012 · management and general $80,636 · fundraising $7,048
-
19 · Conferences, conventions and meetings
total $13,433 · program services $7,421 · management and general $6,012
-
20 · Interest
total $480,510 · program services $480,510
-
22 · Depreciation, depletion and amortization
total $2,335,604 · program services $2,335,604
-
23 · Insurance
total $187,758 · program services $187,758
-
24a · Other expenses: MEMBERSHIPS/SUBSCRIPTIO
total $222,315 · program services $105,194 · management and general $93,210 · fundraising $23,911
-
24b · Other expenses: MISCELLANEOUS
total $221,315 · program services $215,870 · management and general $5,445
-
24c · Other expenses: RECRUITING
total $76,152 · program services $76,152
-
24d · Other expenses: PUBLICATIONS
total $25,942 · program services $25,942
-
24e · All other expenses
total $11,760 · program services $11,760
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $6,259,880 · end of year $10,229,141
-
3 · Pledges and grants receivable
beginning of year $426,107 · end of year $2,897,156
-
4 · Accounts receivable
beginning of year $1,486,226 · end of year $1,688,335
-
9 · Prepaid expenses and deferred charges
beginning of year $226,703 · end of year $350,087
-
10a · Land, buildings and equipment: cost or other basis
$66,009,510
-
10b · Land, buildings and equipment: accumulated depreciation
$28,794,599
-
10c · Land, buildings and equipment, net
beginning of year $35,546,739 · end of year $37,214,911
-
11 · Investments: publicly traded securities
beginning of year $13,594,855 · end of year $18,712,944
-
12 · Investments: other securities
beginning of year $2,104,996 · end of year $1,283,685
-
15 · Other assets
end of year $204,710
-
17 · Accounts payable and accrued expenses
beginning of year $3,381,860 · end of year $3,734,354
-
19 · Deferred revenue
beginning of year $1,811,732 · end of year $1,653,107
-
23 · Secured mortgages and notes payable
beginning of year $12,484,724 · end of year $12,067,762
-
25 · Other liabilities
beginning of year $0 · end of year $204,710
-
27 · Net assets without donor restrictions
beginning of year $24,458,109 · end of year $30,449,151
-
28 · Net assets with donor restrictions
beginning of year $17,509,081 · end of year $24,471,885
Mission and programs · 2022
Mission
TO PROVIDE PRIVATE CO-EDUCATIONAL POST-SECONDARY EDUCATION TO ALL RACES AND CREEDS OF THE GENERAL PUBLIC.
Activities or mission (Part I)
PROVIDING PRIVATE CO-EDUCATIONAL POST-SECONDARY EDUCATION TO ALL RACES AND CREEDS OF THE GENERAL PUBLIC.
-
INSTRUCTION - PRIVATE UNIVERSITY PROVIDING EDUCATION FOR APPROXIMATELY 1,923 FULL-TIME AND 443 PART-TIME UNDERGRADUATE AND 232 GRADUATE STUDENTS THROUGH ITS NINE UNDERGRADUATE DIVISIONS AND GRADUATE PROGRAMS.
Expenses $8,478,462 · Revenue $53,693,278
-
STUDENT SERVICES - PROVIDE SERVICES TO THE APPROXIMATELY 2,598 STUDENTS ENROLLED IN UNDERGRADUATE AND GRADUATE PROGRAMS.
Expenses $8,866,975 · Revenue $5,802,507
-
OTHER SERVICES - SERVICES OPERATED FOR THE CONVENIENCE OF ITS STUDENTS, FACULTY, AND STAFF.
Expenses $4,464,844
-
GRANTS & ALLOCATIONS - PROVIDES ASSISTANCE THROUGH FUNDED AND UNFUNDED SCHOLARSHIPS AND AWARDS TO THE APPROX 2,546 STUDENTS AND THROUGH GOVT FUNDED STUDENT FINANCIAL AID PROGRAMS TO APPROX 942 STUDENTS QUALIFYING FOR GOVT ASSISTANCE.
Expenses $37,685,102 · Grants $37,685,102
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Robert Carver Bone MDROBERT CARVER BONE MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
W P Bone IIIW P BONE III
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
J Samuel HatcherJ SAMUEL HATCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob McDonaldBOB MCDONALD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark RigginsMARK RIGGINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
W Joseph AdamsW JOSEPH ADAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Bob N Vero EdDBOB N VERO EDD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Cathy GraceyCATHY GRACEY
SECRETARY/TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Andre L Churchwell MDANDRE L CHURCHWELL MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael Spalding MDMICHAEL SPALDING MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Paul StumbPAUL STUMB
PRESIDENT
- Total calculated
- $285,727
- From this org
- $274,468
- From related orgs
- $0
- Other
- $11,259
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $274,468
- Bonus
- $0
- Other
- $0
- Deferred
- $11,259
- Nontaxable benefits
- $0
- Filer's total
- $285,727
-
Lewis W RankinLEWIS W RANKIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J Roderick Heller IIIJ RODERICK HELLER III
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William L VallettWILLIAM L VALLETT
VICE CHAIRMAN/TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Thomas R PateTHOMAS R PATE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Laura DailyLAURA DAILY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Michael MoscardelliMICHAEL MOSCARDELLI
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
C Wright Pinson MDC WRIGHT PINSON MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Rob E PorterROB E PORTER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Edward Powell Jr PhDEDWARD POWELL JR PHD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
William C Koch JrWILLIAM C KOCH JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jack D Lowery Ba JDJACK D LOWERY BA JD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
J Frank Rudy JrJ FRANK RUDY JR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Hal BoneHAL BONE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jessica FainJESSICA FAIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Erk A MosesERK A MOSES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jj OakleyJJ OAKLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
John McDearmanJOHN MCDEARMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Justin PittJUSTIN PITT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Heather Stafforfd MDHEATHER STAFFORFD MD
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Marc SuarezMARC SUAREZ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Judy JordanJUDY JORDAN
VP FINANCE
- Total calculated
- $96,102
- From this org
- $93,608
- From related orgs
- $0
- Other
- $2,494
- Hours/week
- 40
-
C William McKeeC WILLIAM MCKEE
PROVOST, VP ACADEMIC AFFAI
- Total calculated
- $165,912
- From this org
- $159,322
- From related orgs
- $0
- Other
- $6,590
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $159,322
- Bonus
- $0
- Other
- $0
- Deferred
- $6,590
- Nontaxable benefits
- $0
- Filer's total
- $165,912
-
Ron PavanRON PAVAN
VP ENROLLMENT, ATHLETIC DI
- Total calculated
- $171,082
- From this org
- $158,583
- From related orgs
- $0
- Other
- $12,499
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $158,583
- Bonus
- $0
- Other
- $0
- Deferred
- $6,499
- Nontaxable benefits
- $6,000
- Filer's total
- $171,082
-
Ronald FordRONALD FORD
CHIEF OPERATING OFFICER
- Total calculated
- $187,345
- From this org
- $180,753
- From related orgs
- $0
- Other
- $6,592
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,753
- Bonus
- $0
- Other
- $0
- Deferred
- $6,592
- Nontaxable benefits
- $0
- Filer's total
- $187,345
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Health or social club dues or initiation fees
- 1b · Written policy on the line-1a expenses
- 2 · Substantiation required before reimbursing expenses
- 3 · Compensation committee
- 3 · Written employment contract
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 20 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202400869349301765
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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