Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,139,184

• 1e · Government grants (contributions)

  $1,892,569

• 1f · All other contributions, gifts and grants

  $28,419,715

• 1g · Noncash contributions included above

  $9,505,973

• 2a · Program service revenue: TUITION AND FEES

  total $57,278,196 · related or exempt $57,278,196

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $6,818,477 · related or exempt $6,356,865 · unrelated business $446,162 · excluded $15,450

• 2c · Program service revenue: MISCELLANEOUS CAMPUS REVENUE

  total $425,353 · related or exempt $372,499 · unrelated business $41,583 · excluded $11,271

• 3 · Investment income

  total $1,311,504 · excluded $1,311,504

• 6a · Gross rents

  real property $152,661

• 6b · Less rental expenses

  real property $16,326

• 6c · Rental income or loss

  real property $136,335

• 6d · Net rental income or loss

  total $136,335 · excluded $136,335

• 7a · Gross sales of assets other than inventory

  securities $1,210,608

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

  securities $697,253

• 7c · Gain or loss

  securities $513,355

• 7d · Net gain or loss

  total $513,355 · excluded $513,355

• 8a · Fundraising events: gross income

  $63,377

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

  $1,139,184

• 8b · Fundraising events: direct expenses

  $632,092

• 8c · Net income from fundraising events

  total -$568,715 · excluded -$568,715

• 11a · Other revenue: WORKERS COMP REBATE

  total $111,872 · excluded $111,872

• 11e · Other revenue, total

  $111,872

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $28,705,588 · program services $28,705,588

• 3 · Grants to foreign organizations and individuals

  total $748,998 · program services $748,998

• 5 · Compensation of officers, directors and key employees

  total $1,762,860 · program services $577,302 · management and general $1,075,813 · fundraising $109,745

• 7 · Other salaries and wages

  total $19,728,502 · program services $17,253,780 · management and general $2,108,251 · fundraising $366,471

• 8 · Pension plan contributions

  total $601,021 · program services $525,630 · management and general $64,227 · fundraising $11,164

• 9 · Other employee benefits

  total $3,974,331 · program services $2,251,287 · management and general $1,659,795 · fundraising $63,249

• 10 · Payroll taxes

  total $1,641,657 · program services $1,361,743 · management and general $242,391 · fundraising $37,523

• 11b · Fees: legal

  total $146,854 · management and general $146,854

• 11c · Fees: accounting

  total $149,424 · management and general $149,424

• 11d · Fees: lobbying

  total $6,857 · management and general $6,857

• 11f · Fees: investment management

  total $119,235 · management and general $119,235

• 11g · Fees: other

  total $2,341,689 · program services $1,293,056 · management and general $875,977 · fundraising $172,656

• 12 · Advertising and promotion

  total $229,219 · program services $184,221 · management and general $28,772 · fundraising $16,226

• 13 · Office expenses

  total $571,148 · program services $371,058 · fundraising $200,090

• 14 · Information technology

  total $1,072,195 · program services $639,845 · management and general $372,092 · fundraising $60,258

• 16 · Occupancy

  total $1,479,024 · program services $43,424 · management and general $1,435,005 · fundraising $595

• 17 · Travel

  total $1,502,738 · program services $1,434,150 · management and general $46,962 · fundraising $21,626

• 19 · Conferences, conventions and meetings

  total $27,064 · management and general $27,064

• 20 · Interest

  total $1,670,403 · management and general $1,670,403

• 22 · Depreciation, depletion and amortization

  total $2,959,025 · management and general $669,570 · fundraising $2,289,455

• 23 · Insurance

  total $540,703 · program services $34,105 · management and general $506,598

• 24a · Other expenses: FOOD SERVICE

  total $3,307,026 · program services $3,248,630 · management and general $47,450 · fundraising $10,946

• 24b · Other expenses: DUES AND SUBSCRIPTIONS

  total $712,651 · program services $507,685 · management and general $189,510 · fundraising $15,456

• 24c · Other expenses: SMALL EQUIPMENT

  total $546,119 · program services $496,482 · management and general $42,688 · fundraising $6,949

• 24d · Other expenses: ON CAMPUS EVENTS

  total $516,416 · program services $440,066 · management and general $50,397 · fundraising $25,953

• 24e · All other expenses

  total $1,793,717 · program services $1,060,793 · management and general $716,116 · fundraising $16,808

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,989,858 · end of year $596,735

• 2 · Savings and temporary cash investments

  beginning of year $302,645 · end of year $18,456,656

• 3 · Pledges and grants receivable

  beginning of year $1,299,434 · end of year $950,411

• 4 · Accounts receivable

  beginning of year $4,056,534 · end of year $3,935,620

• 9 · Prepaid expenses and deferred charges

  beginning of year $790,848 · end of year $907,526

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

  $120,062,352

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

  $65,784,049

• 10c · Land, buildings and equipment, net

  beginning of year $55,634,637 · end of year $54,278,303

• 11 · Investments: publicly traded securities

  beginning of year $47,518,088 · end of year $58,007,605

• 12 · Investments: other securities

  beginning of year $13,403 · end of year $0

• 15 · Other assets

  beginning of year $698,180 · end of year $798,437

• 17 · Accounts payable and accrued expenses

  beginning of year $3,894,400 · end of year $4,249,088

• 19 · Deferred revenue

  beginning of year $2,002,985 · end of year $2,007,101

• 20 · Tax-exempt bond liabilities

  beginning of year $23,882,641 · end of year $22,707,849

• 25 · Other liabilities

  beginning of year $2,114,804 · end of year $3,396,426

• 27 · Net assets without donor restrictions

  beginning of year $35,034,779 · end of year $49,960,788

• 28 · Net assets with donor restrictions

  beginning of year $45,374,018 · end of year $55,610,041

The filer's explanations (Part III)

PART I, LINE 1A

THE BOARD APPROVES PAYMENTS OR REIMBURSEMENTS FOR THE PRESIDENT AND PRESIDENT'S SPOUSE FOR REASONABLE ENTERTAINMENT EXPENSES, TRAVEL EXPENSES, HOTEL BILLS, AND OTHER NECESSARY EXPENSES TO FURTHER THE INTERESTS OF THE UNIVERSITY. AMOUNTS THAT ARE PERSONAL ARE INCLUDED IN TAXABLE WAGES. THE BOARD PROVIDES A TAXABLE HOUSING AND AUTO ALLOWANCE UP TO $60,000 PER YEAR. THE BOARD PROVIDES THE PRESIDENT, AT THE UNIVERSITY'S EXPENSE, WITH MEMBERSHIP IN BUSINESS CLUBS, SERVICE ORGANIZATIONS AND PROFESSIONAL ORGANIZATIONS THAT WOULD FURTHER THE INTERESTS OF THE UNIVERSITY. ANY PERSONAL USE OF THE MEMBERSHIP DUES ARE INCLUDED IN TAXABLE WAGES.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (8)

  CHARITABLE TRUST · WA