Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,503,232

• 1f · All other contributions, gifts and grants

  $6,145,041

• 1g · Noncash contributions included above

  $226,015

• 2a · Program service revenue: TUITION AND FEES

  total $64,360,984 · related or exempt $64,360,984

• 2b · Program service revenue: AUXILIARY ENTERPRISE

  total $8,699,584 · related or exempt $8,699,584

• 3 · Investment income

  total $2,898,677 · excluded $2,898,677

• 6a · Gross rents

  real property $225,554

• 6b · Less rental expenses

  real property $214,630

• 6c · Rental income or loss

  real property $10,924

• 6d · Net rental income or loss

  total $10,924 · related or exempt $10,924

• 7a · Gross sales of assets other than inventory

  securities $11,854,568 · other assets $623,000

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

  securities $11,465,236 · other assets $539,619

• 7c · Gain or loss

  securities $389,332 · other assets $83,381

• 7d · Net gain or loss

  total $472,713 · excluded $472,713

• 11a · Other revenue: MISC REVENUE

  total $501,991 · excluded $501,991

• 11b · Other revenue: ATHLETIC SPORTS REVENU

  total $224,017 · unrelated business $2,850 · excluded $221,167

• 11c · Other revenue: SALES REVENUE

  total $75,390 · excluded $75,390

• 11e · Other revenue, total

  $801,398

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $250,000 · program services $250,000

• 2 · Grants to domestic individuals

  total $39,745,207 · program services $39,745,207

• 5 · Compensation of officers, directors and key employees

  total $1,554,735 · program services $193,326 · management and general $1,036,284 · fundraising $325,125

• 7 · Other salaries and wages

  total $17,600,127 · program services $15,609,037 · management and general $817,918 · fundraising $1,173,172

• 8 · Pension plan contributions

  total $716,442 · program services $562,836 · management and general $92,352 · fundraising $61,254

• 9 · Other employee benefits

  total $4,200,442 · program services $3,451,595 · management and general $520,084 · fundraising $228,763

• 10 · Payroll taxes

  total $1,321,784 · program services $1,095,997 · management and general $111,192 · fundraising $114,595

• 11b · Fees: legal

  total $24,288 · management and general $24,288

• 11c · Fees: accounting

  total $98,383 · management and general $98,383

• 11f · Fees: investment management

  total $146,747 · management and general $146,747

• 11g · Fees: other

  total $2,787,992 · program services $2,588,936 · management and general $175,507 · fundraising $23,549

• 12 · Advertising and promotion

  total $596,209 · program services $479,646 · management and general $28,577 · fundraising $87,986

• 13 · Office expenses

  total $2,350,209 · program services $2,078,675 · management and general $152,592 · fundraising $118,942

• 14 · Information technology

  total $1,552,736 · program services $1,470,193 · management and general $4,978 · fundraising $77,565

• 16 · Occupancy

  total $1,319,576 · program services $1,275,569 · management and general $25,782 · fundraising $18,225

• 17 · Travel

  total $1,629,640 · program services $1,484,924 · management and general $113,005 · fundraising $31,711

• 20 · Interest

  total $181,743 · program services $161,948 · management and general $19,795

• 22 · Depreciation, depletion and amortization

  total $3,014,401 · program services $2,867,685 · management and general $144,161 · fundraising $2,555

• 23 · Insurance

  total $937,083 · program services $905,556 · management and general $18,470 · fundraising $13,057

• 24a · Other expenses: BUILDING, GROUNDS, MAIN

  total $1,620,746 · program services $1,566,453 · management and general $36,833 · fundraising $17,460

• 24b · Other expenses: MISC

  total $450,848 · program services $152,306 · management and general $277,443 · fundraising $21,099

• 24c · Other expenses: LIBRARY

  total $326,435 · program services $326,435

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,526,939 · end of year $1,624,043

• 2 · Savings and temporary cash investments

  beginning of year $1,159,066 · end of year $2,472,132

• 3 · Pledges and grants receivable

  beginning of year $717,770 · end of year $479,450

• 4 · Accounts receivable

  beginning of year $1,528,349 · end of year $1,718,882

• 7 · Other notes and loans receivable

  beginning of year $248,714 · end of year $111,653

• 9 · Prepaid expenses and deferred charges

  beginning of year $719,929 · end of year $1,193,463

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

  $110,553,305

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

  $57,186,187

• 10c · Land, buildings and equipment, net

  beginning of year $53,110,935 · end of year $53,367,118

• 11 · Investments: publicly traded securities

  beginning of year $72,051,478 · end of year $78,306,055

• 12 · Investments: other securities

  beginning of year $11,622,080 · end of year $12,446,088

• 15 · Other assets

  beginning of year $6,830,623 · end of year $9,220,562

• 17 · Accounts payable and accrued expenses

  beginning of year $5,787,305 · end of year $4,619,783

• 19 · Deferred revenue

  beginning of year $460,507 · end of year $538,799

• 20 · Tax-exempt bond liabilities

  beginning of year $9,301,514 · end of year $8,209,321

• 21 · Escrow or custodial account liability

  beginning of year $998,329 · end of year $2,175,055

• 25 · Other liabilities

  beginning of year $784,948 · end of year $746,662

• 27 · Net assets without donor restrictions

  beginning of year $64,070,503 · end of year $65,911,879

• 28 · Net assets with donor restrictions

  beginning of year $68,112,777 · end of year $78,737,947

The filer's explanations (Part III)

PART I, LINE 1A:

HEALTH OR SOCIAL CLUB DUES - THE PRESIDENT OF THE UNIVERSITY UTILIZES THE MEMBERSHIP FOR BUSINESS PURPOSES. NOT INCLUDED IN THE PRESIDENT'S TAXABLE INCOME SINCE THE USE IS BUSINESS RELATED. REIMBURSEMENTS/PAYMENTS ARE NOT ALLOWED FOR ITEMS LISTED EXCEPT FOR THE PRESIDENT. THE SPECIFIC ITEMS CHECKED ARE ADDRESSED IN THE PRESIDENT'S CONTRACT. ALL REIMBURSABLE EXPENSES SHALL CONFORM TO THE UNIVERSITY'S REIMBURSEMENT POLICY AND APPLICABLE IRS REGULATIONS. IF APPLICABLE, THE UNIVERSITY WILL WITHHOLD ANY REQUIRED TAXES WITH RESPECT TO ANY REIMBURSED EXPENSE. BUSINESS EXPENSES ARE NOT TAXABLE WHILE PERSONAL EXPENSES ARE INCLUDED IN THE PRESIDENT'S TAXABLE INCOME.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (11)

  CHARITABLE · NE · 100% owned

  Directly controlled by NEBRASKA WESLEYAN UNIVERSITY