Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $881,848

• 1f · All other contributions, gifts and grants

  $6,988,554

• 1g · Noncash contributions included above

  $6,827,135

• 2a · Program service revenue: TUITION AND FEES

  total $42,052,314 · related or exempt $42,052,314

• 2b · Program service revenue: AUXILIARY SERVICES

  total $6,680,013 · related or exempt $6,680,013

• 3 · Investment income

  total $617,594 · unrelated business -$3,257 · excluded $620,851

• 7a · Gross sales of assets other than inventory

  securities $2,870,849 · other assets $147,966

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

  securities $0 · other assets $138,448

• 7c · Gain or loss

  securities $2,870,849 · other assets $9,518

• 7d · Net gain or loss

  total $2,880,367 · related or exempt $9,518 · excluded $2,870,849

• 11a · Other revenue: OTHER

  total $109,037 · related or exempt $109,037

• 11e · Other revenue, total

  $109,037

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $16,827,811 · program services $16,827,811

• 5 · Compensation of officers, directors and key employees

  total $610,927 · management and general $433,343 · fundraising $177,584

• 7 · Other salaries and wages

  total $20,031,438 · program services $16,520,258 · management and general $2,922,072 · fundraising $589,108

• 8 · Pension plan contributions

  total $45,225 · program services $45,225

• 9 · Other employee benefits

  total $3,403,415 · program services $2,682,680 · management and general $621,177 · fundraising $99,558

• 10 · Payroll taxes

  total $1,457,761 · program services $1,178,476 · management and general $225,501 · fundraising $53,784

• 11b · Fees: legal

  total $43,282 · management and general $43,282

• 11c · Fees: accounting

  total $94,236 · management and general $94,236

• 11d · Fees: lobbying

  total $511 · management and general $511

• 11f · Fees: investment management

  total $88,000 · management and general $88,000

• 11g · Fees: other

  total $5,430,023 · program services $4,717,938 · management and general $662,551 · fundraising $49,534

• 12 · Advertising and promotion

  total $115,177 · program services $53,125 · management and general $62,052

• 13 · Office expenses

  total $694,721 · program services $497,491 · management and general $157,613 · fundraising $39,617

• 16 · Occupancy

  total $2,479,886 · program services $2,069,851 · management and general $337,074 · fundraising $72,961

• 17 · Travel

  total $547,002 · program services $498,891 · management and general $39,461 · fundraising $8,650

• 20 · Interest

  total $1,056,777 · program services $1,056,777

• 22 · Depreciation, depletion and amortization

  total $2,469,761 · program services $2,252,446 · management and general $217,315

• 23 · Insurance

  total $440,430 · management and general $439,557 · fundraising $873

• 24a · Other expenses: OTHER

  total $2,057,572 · program services $964,150 · management and general $1,037,116 · fundraising $56,306

• 24b · Other expenses: FOOD

  total $1,249,111 · program services $1,191,764 · management and general $27,322 · fundraising $30,025

• 24c · Other expenses: MAINTENANCE CONTRACTS

  total $1,163,649 · program services $3,105 · management and general $1,160,544

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $2,685,460 · end of year $2,504,506

• 3 · Pledges and grants receivable

  beginning of year $14,122,244 · end of year $12,730,654

• 4 · Accounts receivable

  beginning of year $1,623,226 · end of year $2,501,386

• 7 · Other notes and loans receivable

  beginning of year $28,533 · end of year $19,797

• 8 · Inventories for sale or use

  beginning of year $77,748 · end of year $111,823

• 9 · Prepaid expenses and deferred charges

  beginning of year $326,159 · end of year $435,490

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

  $91,340,650

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

  $62,234,540

• 10c · Land, buildings and equipment, net

  beginning of year $31,413,492 · end of year $29,106,110

• 11 · Investments: publicly traded securities

  beginning of year $20,359,057 · end of year $22,532,945

• 12 · Investments: other securities

  beginning of year $6,828,486 · end of year $5,866,825

• 15 · Other assets

  beginning of year $475,803 · end of year $399,554

• 17 · Accounts payable and accrued expenses

  beginning of year $2,187,463 · end of year $1,480,622

• 18 · Grants payable

  beginning of year $164,687 · end of year $160,477

• 19 · Deferred revenue

  beginning of year $3,145,451 · end of year $3,624,757

• 23 · Secured mortgages and notes payable

  beginning of year $18,804,500 · end of year $18,309,922

• 25 · Other liabilities

  beginning of year $885,501 · end of year $682,304

• 27 · Net assets without donor restrictions

  beginning of year $10,710,714 · end of year $10,191,283

• 28 · Net assets with donor restrictions

  beginning of year $42,041,892 · end of year $41,759,725

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

THE PRESIDENT OF THE UNIVERSITY IS PROVIDED WITH ON CAMPUS HOUSING AND CLEANING STAFF