Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $294,770

• 1f · All other contributions, gifts and grants

  $8,323,070

• 1g · Noncash contributions included above

  $3,605,440

• 2a · Program service revenue: Tuition, Room & Board

  total $84,022,920 · related or exempt $84,022,920

• 2b · Program service revenue: Co-Curricular Op.

  total $538,403 · related or exempt $538,403

• 2c · Program service revenue: Fed Grants & Contracts

  total $484,233 · related or exempt $484,233

• 2d · Program service revenue: Inventory Sales

  total $39,156 · related or exempt $39,156

• 2f · All other program service revenue

  total $1,628,626 · related or exempt $1,628,626

• 3 · Investment income

  total $6,042,989 · unrelated business $3,470,661 · excluded $2,572,328

• 5 · Royalties

  total $5,065 · excluded $5,065

• 6a · Gross rents

  real property $309,837

• 6b · Less rental expenses

  real property $1,209,784

• 6c · Rental income or loss

  real property -$899,947

• 6d · Net rental income or loss

  total -$899,947 · excluded -$899,947

• 7a · Gross sales of assets other than inventory

  securities $367,377,237

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

  securities $356,274,640

• 7c · Gain or loss

  securities $11,102,597

• 7d · Net gain or loss

  total $11,102,597 · excluded $11,102,597

• 11a · Other revenue: Insurance proceeds

  total $1,800,831 · excluded $1,800,831

• 11e · Other revenue, total

  $1,800,831

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $21,797,513 · program services $21,797,513

• 5 · Compensation of officers, directors and key employees

  total $3,376,532 · program services $1,950,951 · management and general $1,234,242 · fundraising $191,339

• 7 · Other salaries and wages

  total $28,968,347 · program services $24,979,205 · management and general $1,945,171 · fundraising $2,043,971

• 8 · Pension plan contributions

  total $2,913,347 · program services $2,523,768 · management and general $191,422 · fundraising $198,157

• 9 · Other employee benefits

  total $4,218,035 · program services $3,428,052 · management and general $493,146 · fundraising $296,837

• 10 · Payroll taxes

  total $2,232,727 · program services $1,871,360 · management and general $212,706 · fundraising $148,661

• 11a · Fees: management

  total $1,935,511 · program services $1,923,725 · fundraising $11,786

• 11b · Fees: legal

  total $304,888 · program services $72,525 · management and general $210,870 · fundraising $21,493

• 11c · Fees: accounting

  total $241,135 · management and general $241,135

• 11f · Fees: investment management

  total $1,978,755 · management and general $1,978,755

• 11g · Fees: other

  total $5,947,606 · program services $4,982,949 · management and general $758,637 · fundraising $206,020

• 12 · Advertising and promotion

  total $333,938 · program services $221,660 · management and general $45,903 · fundraising $66,375

• 13 · Office expenses

  total $4,847,078 · program services $4,545,765 · management and general $197,914 · fundraising $103,399

• 14 · Information technology

  total $1,388,003 · program services $1,064,785 · management and general $238,999 · fundraising $84,219

• 16 · Occupancy

  total $3,998,130 · program services $3,294,280 · management and general $595,276 · fundraising $108,574

• 17 · Travel

  total $1,232,020 · program services $1,030,449 · management and general $73,342 · fundraising $128,229

• 19 · Conferences, conventions and meetings

  total $747,000 · program services $610,505 · management and general $55,828 · fundraising $80,667

• 20 · Interest

  total $2,501,101 · program services $2,429,030 · management and general $49,862 · fundraising $22,209

• 21 · Payments to affiliates

  total $218,026 · program services $127,489 · management and general $85,514 · fundraising $5,023

• 22 · Depreciation, depletion and amortization

  total $9,437,753 · program services $9,224,442 · management and general $137,775 · fundraising $75,536

• 23 · Insurance

  total $810,860 · program services $151,444 · management and general $659,416

• 24a · Other expenses: Related Orgs and Affili

  total $13,747,723 · program services $11,873,631 · management and general $1,735,009 · fundraising $139,083

• 24b · Other expenses: Repairs & Maintenance

  total $1,426,604 · program services $1,365,184 · management and general $48,796 · fundraising $12,624

• 24c · Other expenses: Non-Capitalized Equipme

  total $487,205 · program services $466,012 · management and general $17,481 · fundraising $3,712

• 24d · Other expenses: Books

  total $169,559 · program services $162,581 · management and general $3,330 · fundraising $3,648

• 24e · All other expenses

  total $376,931 · program services $119,235 · management and general $24,725 · fundraising $232,971

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $310,622 · end of year $349,082

• 2 · Savings and temporary cash investments

  beginning of year $45,669,115 · end of year $36,515,475

• 3 · Pledges and grants receivable

  beginning of year $4,068,761 · end of year $3,095,846

• 4 · Accounts receivable

  beginning of year $1,643,975 · end of year $3,407,809

• 7 · Other notes and loans receivable

  beginning of year $19,214 · end of year $216,428

• 8 · Inventories for sale or use

  beginning of year $31,194 · end of year $34,705

• 9 · Prepaid expenses and deferred charges

  beginning of year $605,600 · end of year $543,727

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

  $253,600,037

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

  $110,970,615

• 10c · Land, buildings and equipment, net

  beginning of year $147,391,610 · end of year $142,629,422

• 11 · Investments: publicly traded securities

  beginning of year $195,522,630 · end of year $223,858,418

• 12 · Investments: other securities

  beginning of year $284,538,663 · end of year $281,821,885

• 13 · Investments: program-related

  beginning of year $2,545,495 · end of year $2,283,114

• 15 · Other assets

  beginning of year $21,537,416 · end of year $22,332,924

• 17 · Accounts payable and accrued expenses

  beginning of year $7,476,436 · end of year $5,941,145

• 19 · Deferred revenue

  beginning of year $2,304,780 · end of year $2,897,699

• 20 · Tax-exempt bond liabilities

  beginning of year $95,408,579 · end of year $93,112,167

• 21 · Escrow or custodial account liability

  beginning of year $101,842 · end of year $108,465

• 25 · Other liabilities

  beginning of year $4,484,626 · end of year $5,229,488

• 27 · Net assets without donor restrictions

  beginning of year $142,432,549 · end of year $140,571,257

• 28 · Net assets with donor restrictions

  beginning of year $451,675,483 · end of year $469,228,614

The filer's explanations (Part III)

Part I, Line 1a

The President's written contract allows for first-class travel when travelling during off-peak hours or foregoing a one-night hotel stay. The value of first-class travel was not included in taxable compensation. The President's written contract includes housing as a condition of employment which was not included in taxable compensation. Cleaning services to the President's house are provided as maintenance of a campus-owned building, which is used for institutional events as well as being the personal residence of the President and family. No material services were performed in the private use portion of the residence, therefore, the value of the services was not included in taxable compensation.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Scripps-Pitzer Property Holdings LLC

  Related · Property holding · CA · 50% owned · share of income -$264,072 · share of assets $42,186,317 · general or managing partner

Related corporations and trusts

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

• Charitable Remainder Unitrusts (7)

  T · Holding Co · CA · controlled entity