Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $218,718

• 1f · All other contributions, gifts and grants

  $10,603,821

• 1g · Noncash contributions included above

  $844,969

• 2a · Program service revenue: TUITION & FEES

  total $155,554,512 · related or exempt $155,554,512

• 2b · Program service revenue: AUXILIARY PROGRAMS

  total $6,385,507 · related or exempt $6,381,507 · unrelated business $4,000

• 2c · Program service revenue: CONFERENCES

  total $1,503,398 · related or exempt $1,503,398

• 2d · Program service revenue: ASSOCIATED STUDENT

  total $772,128 · related or exempt $772,128

• 2e · Program service revenue: STUDENT LOAN INTEREST

  total $91,892 · related or exempt $91,892

• 3 · Investment income

  total $8,724,841 · unrelated business $53,536 · excluded $8,671,305

• 5 · Royalties

  total $141,743 · excluded $141,743

• 6a · Gross rents

  real property $357,770

• 6b · Less rental expenses

  real property $291,719

• 6c · Rental income or loss

  real property $66,051

• 6d · Net rental income or loss

  total $66,051 · unrelated business -$7,512 · excluded $73,563

• 7a · Gross sales of assets other than inventory

  securities $271,970,498

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

  securities $274,260,940

• 7c · Gain or loss

  securities -$2,290,442

• 7d · Net gain or loss

  total -$2,290,442 · excluded -$2,290,442

• 11a · Other revenue: GAIN ON BOND ISSUANCE

  total $972,403 · excluded $972,403

• 11e · Other revenue, total

  $972,403

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $67,680,972 · program services $67,680,972

• 3 · Grants to foreign organizations and individuals

  total $2,219,967 · program services $2,219,967

• 5 · Compensation of officers, directors and key employees

  total $2,886,728 · program services $720,160 · management and general $2,166,568

• 7 · Other salaries and wages

  total $56,124,476 · program services $43,886,804 · management and general $10,724,278 · fundraising $1,513,394

• 8 · Pension plan contributions

  total $2,806,048 · program services $2,191,934 · management and general $538,354 · fundraising $75,760

• 9 · Other employee benefits

  total $5,887,569 · program services $4,537,378 · management and general $1,195,263 · fundraising $154,928

• 10 · Payroll taxes

  total $4,282,287 · program services $3,247,429 · management and general $924,546 · fundraising $110,312

• 11b · Fees: legal

  total $582,378 · program services $53 · management and general $582,325

• 11c · Fees: accounting

  total $287,981 · management and general $287,981

• 11f · Fees: investment management

  total $1,220,409 · management and general $1,220,409

• 11g · Fees: other

  total $3,562,274 · program services $1,216,663 · management and general $2,279,376 · fundraising $66,235

• 12 · Advertising and promotion

  total $4,609,270 · program services $3,752,612 · management and general $754,934 · fundraising $101,724

• 13 · Office expenses

  total $2,856,414 · program services $1,325,154 · management and general $1,489,682 · fundraising $41,578

• 14 · Information technology

  total $2,644,643 · program services $2,009,931 · management and general $552,980 · fundraising $81,732

• 16 · Occupancy

  total $11,011,077 · program services $3,453,586 · management and general $7,520,658 · fundraising $36,833

• 17 · Travel

  total $2,144,963 · program services $1,931,385 · management and general $190,419 · fundraising $23,159

• 19 · Conferences, conventions and meetings

  total $173,455 · program services $151,653 · management and general $16,669 · fundraising $5,133

• 20 · Interest

  total $3,111,133 · management and general $3,111,133

• 22 · Depreciation, depletion and amortization

  total $10,374,832 · program services $10,374,832

• 23 · Insurance

  total $2,037,384 · program services $1,684,917 · management and general $317,220 · fundraising $35,247

• 24a · Other expenses: STUDENT PROGRAMS

  total $7,980,138 · program services $7,517,901 · management and general $456,866 · fundraising $5,371

• 24b · Other expenses: FOOD SERVICE

  total $6,048,221 · program services $5,939,456 · management and general $91,569 · fundraising $17,196

• 24c · Other expenses: MEMBERSHIPS

  total $305,007 · program services $76,394 · management and general $227,934 · fundraising $679

• 24d · Other expenses: BAD DEBT

  total $60,075 · management and general $60,075

• 24e · All other expenses

  total $2,076,376 · program services $621,903 · management and general $1,454,473

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,002,936 · end of year $2,199,476

• 2 · Savings and temporary cash investments

  beginning of year $7,100,829 · end of year $5,612,475

• 3 · Pledges and grants receivable

  beginning of year $7,658,783 · end of year $7,171,021

• 4 · Accounts receivable

  beginning of year $3,653,332 · end of year $3,661,791

• 7 · Other notes and loans receivable

  beginning of year $446,081 · end of year $271,565

• 8 · Inventories for sale or use

  beginning of year $124,120 · end of year $85,574

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,455,049 · end of year $2,230,689

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

  $382,943,377

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

  $196,112,150

• 10c · Land, buildings and equipment, net

  beginning of year $169,653,292 · end of year $186,831,227

• 11 · Investments: publicly traded securities

  beginning of year $94,610,191 · end of year $126,651,438

• 12 · Investments: other securities

  beginning of year $177,260,092 · end of year $174,184,889

• 13 · Investments: program-related

  beginning of year $3,659,868 · end of year $3,226,160

• 15 · Other assets

  beginning of year $8,422,282 · end of year $6,644,186

• 17 · Accounts payable and accrued expenses

  beginning of year $12,304,676 · end of year $15,673,564

• 19 · Deferred revenue

  beginning of year $5,650,969 · end of year $4,657,009

• 20 · Tax-exempt bond liabilities

  beginning of year $52,165,771 · end of year $103,059,087

• 25 · Other liabilities

  beginning of year $28,135,857 · end of year $23,971,938

• 27 · Net assets without donor restrictions

  beginning of year $110,839,380 · end of year $103,892,305

• 28 · Net assets with donor restrictions

  beginning of year $269,950,202 · end of year $267,516,588

The filer's explanations (Part III)

PART I, LINE 1A

FOR FLIGHTS THAT EXCEED TWO HOURS IN DURATION, THE PRESIDENT IS APPROVED TO TRAVEL IN BUSINESS CLASS (OR IF NOT AVAILABLE, THEN THE NEXT HIGHER CLASS OF TRAVEL ABOVE COACH). THESE EXPENSES ARE NOT INCLUDED IN THE PRESIDENT'S TAXABLE FRINGE BENEFITS. THE PRESIDENT'S SPOUSE IS EXPECTED TO ACCOMPANY THE PRESIDENT ON UNIVERSITY BUSINESS TRAVEL WHERE APPROPRIATE AND THE RELATED TRAVEL EXPENSES ARE NOT A TAXABLE FRINGE BENEFIT. THE UNIVERSITY REQUIRES THE PRESIDENT TO LIVE IN A UNIVERSITY OWNED RESIDENCE. PERSONAL SERVICES PROVIDED TO THE PRESIDENT ARE LIMITED TO CUSTODIAL CLEANING OF THE RESIDENCE. THE RESIDENCE IS WITHIN CLOSE PROXIMITY TO CAMPUS, IS FURNISHED TO THE PRESIDENT FOR THE UNIVERSITY'S CONVENIENCE AS IT HOSTS REGULARLY CARRIED ON BUSINESS ACTIVITIES, AND IS REQUIRED FOR THE PRESIDENT TO ACCEPT AS A CONDITION OF EMPLOYMENT, THUS THE INCOME IS NOT REPORTED AS TAXABLE. THE UNIVERSITY PAID COUNTRY CLUB DUES ON BEHALF OF KEVIN DYERLY, VP FINANCE/CFO. THE PERSONAL USE PORTION OF THE VALUE OF THE COUNTRY CLUB DUES IS INCLUDED IN REPORTABLE (TAXABLE) COMPENSATION FOR THIS EMPLOYEE ON FORM 990.

PART I, LINE 4B

LINE 4B - RALPH KUNCL, FORMER PRESIDENT RECEIVED A DISTRIBUTION FROM THE 457(F) PLAN OF $786,441 IN THE CURRENT YEAR WHICH IS INCLUDED IN "OTHER REPORTABLE COMPENSATION AND "COMPENSATION REPORTED ON A PRIOR YEAR RETURN" ON SCHEDULE J, PART II.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• REDLANDS PROPERTY MANAGEMENT INC

  TITLE HOLDING · CA · income $0 · assets $0

  Directly controlled by UNIVERSITY OF REDLANDS

• REDLANDS PROPERTY MANAGEMENT TRUST

  TITLE HOLDING · CA · income $0 · assets $0

  Directly controlled by UNIVERSITY OF REDLANDS

• ZANJA LLC

  TITLE HOLDING · CA · income $0 · assets $0

  Directly controlled by UNIVERSITY OF REDLANDS

Related corporations and trusts

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

• POOLED INCOME FUND (1)

  CHARITABLE GIFTS · CA · controlled entity

  Directly controlled by UNIVERSITY OF REDLANDS

• CHARITABLE REMAINDER UNITRUSTS (9)

  CHARITABLE GIFTS · CA · controlled entity

  Directly controlled by UNIVERSITY OF REDLANDS

• CHARITABLE REMAINDER TRUSTS (2)

  CHARITABLE GIFTS · CA · controlled entity

  Directly controlled by UNIVERSITY OF REDLANDS