Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $339,350

• 1e · Government grants (contributions)

  $21,025,900

• 1f · All other contributions, gifts and grants

  $9,233,096

• 1g · Noncash contributions included above

  $757,528

• 2a · Program service revenue: TUITION AND FEES

  total $239,070,809 · related or exempt $239,070,809

• 2b · Program service revenue: RESIDENCE, FOOD SERV., TELEPHONE

  total $56,233,026 · related or exempt $56,233,026

• 2c · Program service revenue: ATHLETICS, CONFERENCES, OTHER AUX

  total $2,463,129 · related or exempt $494,819 · unrelated business $85,568 · excluded $1,882,742

• 2d · Program service revenue: SPECIAL EDUCATION PROGRAMS

  total $756,796 · related or exempt $756,796

• 2e · Program service revenue: ID CARDS, ORIENTATION, PARKING

  total $607,933 · related or exempt $607,933

• 2f · All other program service revenue

  total $1,797,956 · related or exempt $1,797,956

• 3 · Investment income

  total $8,569,043 · unrelated business $152,293 · excluded $8,416,750

• 5 · Royalties

  total $88,292 · excluded $88,292

• 6a · Gross rents

  real property $764,795

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $764,795

• 6d · Net rental income or loss

  total $764,795 · excluded $764,795

• 7a · Gross sales of assets other than inventory

  securities $51,007,581

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

  securities $24,578,527

• 7c · Gain or loss

  securities $26,429,054

• 7d · Net gain or loss

  total $26,429,054 · excluded $26,429,054

• 8a · Fundraising events: gross income

  $263,839

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

  $339,350

• 8b · Fundraising events: direct expenses

  $455,429

• 8c · Net income from fundraising events

  total -$191,590 · excluded -$191,590

• 11a · Other revenue: MISCELLANEOUS

  total $995,270 · related or exempt $995,270

• 11e · Other revenue, total

  $995,270

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $45,807 · program services $45,807

• 2 · Grants to domestic individuals

  total $142,222,079 · program services $142,222,079

• 3 · Grants to foreign organizations and individuals

  total $2,886,056 · program services $2,886,056

• 5 · Compensation of officers, directors and key employees

  total $3,379,320 · program services $2,258,143 · management and general $615,760 · fundraising $505,417

• 7 · Other salaries and wages

  total $86,177,334 · program services $69,298,810 · management and general $14,285,348 · fundraising $2,593,176

• 8 · Pension plan contributions

  total $6,038,673 · program services $4,176,981 · management and general $1,715,617 · fundraising $146,075

• 9 · Other employee benefits

  total $10,594,637 · program services $7,343,624 · management and general $2,963,052 · fundraising $287,961

• 10 · Payroll taxes

  total $6,140,475 · program services $4,776,878 · management and general $1,145,819 · fundraising $217,778

• 11b · Fees: legal

  total $353,180 · management and general $353,180

• 11c · Fees: accounting

  total $333,685 · management and general $333,685

• 11d · Fees: lobbying

  total $32,627 · program services $32,627

• 11e · Fees: professional fundraising services

  total $619,300 · fundraising $619,300

• 11f · Fees: investment management

  total $2,130,573 · program services $15,793 · management and general $2,114,780

• 11g · Fees: other

  total $31,036,568 · program services $25,799,078 · management and general $5,074,493 · fundraising $162,997

• 12 · Advertising and promotion

  total $1,834,848 · program services $924,046 · management and general $885,397 · fundraising $25,405

• 13 · Office expenses

  total $5,195,275 · program services $2,294,675 · management and general $2,804,716 · fundraising $95,884

• 14 · Information technology

  total $5,018,259 · program services $1,576,887 · management and general $3,357,021 · fundraising $84,351

• 15 · Royalties

  total $7,416 · program services $7,416

• 16 · Occupancy

  total $7,754,921 · program services $3,069,800 · management and general $4,685,121

• 17 · Travel

  total $3,971,381 · program services $3,475,687 · management and general $437,992 · fundraising $57,702

• 19 · Conferences, conventions and meetings

  total $1,241,362 · program services $1,022,692 · management and general $78,325 · fundraising $140,345

• 20 · Interest

  total $5,391,797 · program services $5,380,548 · management and general $11,249

• 22 · Depreciation, depletion and amortization

  total $13,040,420 · program services $11,994,292 · management and general $943,906 · fundraising $102,222

• 23 · Insurance

  total $2,562,852 · program services $119,072 · management and general $2,443,780

• 24a · Other expenses: STUDY ABROAD TUITION

  total $3,466,314 · program services $3,466,314

• 24b · Other expenses: LIBRARY OPERATIONS

  total $3,313,296 · program services $3,313,296

• 24e · All other expenses

  total $15,098,083 · program services $12,075,807 · management and general $2,897,086 · fundraising $125,190

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $34,000 · end of year $34,002

• 2 · Savings and temporary cash investments

  beginning of year $16,827,673 · end of year $21,884,376

• 3 · Pledges and grants receivable

  beginning of year $6,245,852 · end of year $4,400,329

• 4 · Accounts receivable

  beginning of year $4,641,885 · end of year $4,947,136

• 7 · Other notes and loans receivable

  beginning of year $284,416 · end of year $104,649

• 9 · Prepaid expenses and deferred charges

  beginning of year $8,544,504 · end of year $6,128,553

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

  $589,159,901

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

  $259,668,214

• 10c · Land, buildings and equipment, net

  beginning of year $331,270,215 · end of year $329,491,687

• 11 · Investments: publicly traded securities

  beginning of year $162,631,686 · end of year $176,275,502

• 12 · Investments: other securities

  beginning of year $188,948,691 · end of year $185,612,302

• 13 · Investments: program-related

  beginning of year $423,049 · end of year $272,436

• 15 · Other assets

  beginning of year $21,365,579 · end of year $22,618,957

• 17 · Accounts payable and accrued expenses

  beginning of year $16,806,827 · end of year $18,019,906

• 19 · Deferred revenue

  beginning of year $6,318,656 · end of year $4,117,334

• 20 · Tax-exempt bond liabilities

  beginning of year $138,781,391 · end of year $133,951,435

• 25 · Other liabilities

  beginning of year $10,863,965 · end of year $11,822,621

• 27 · Net assets without donor restrictions

  beginning of year $381,375,573 · end of year $379,678,253

• 28 · Net assets with donor restrictions

  beginning of year $187,071,138 · end of year $204,180,380

The filer's explanations (Part III)

PART I, LINE 1A

HEALTH OR SOCIAL CLUB DUES: THE FOLLOWING INDIVIDUALS RECEIVED MEMBERSHIPS IN LOCAL COUNTRY CLUBS OR SOCIAL CLUBS AS PART OF THEIR JOB DUTIES WITH THE UNIVERSITY: TERRENCE SAWYER, DONNA WOODRUFF, JOHN COPPOLA, AND ERIC NICHOLS. THE UNIVERSITY TRACKS USAGE OF THESE CLUBS AND REPORTS PERSONAL USE AS TAXABLE INCOME ON THE EMPLOYEES' W-2.

Related corporations and trusts

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

• POOLED INCOME FUND-1

  T · POOLED INCOME FD · MD