Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $89,015

• 1e · Government grants (contributions)

  $3,606,755

• 1f · All other contributions, gifts and grants

  $9,607,213

• 1g · Noncash contributions included above

  $67,900

• 2a · Program service revenue: TUITION AND FEES

  total $13,374,211 · related or exempt $13,374,211

• 2b · Program service revenue: AUXILIARIES INCOME

  total $2,853,986 · related or exempt $2,853,986

• 2c · Program service revenue: OTHER PROGRAM REVENUE

  total $63,034 · related or exempt $63,034

• 3 · Investment income

  total $211,862 · excluded $211,862

• 6a · Gross rents

  real property $43,356

• 6b · Less rental expenses

  real property $20,690

• 6c · Rental income or loss

  real property $22,666

• 6d · Net rental income or loss

  total $22,666 · excluded $22,666

• 7a · Gross sales of assets other than inventory

  securities $474,873

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

  securities $448,840

• 7c · Gain or loss

  securities $26,033

• 7d · Net gain or loss

  total $26,033 · excluded $26,033

• 8a · Fundraising events: gross income

  $57,178

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

  $89,015

• 8b · Fundraising events: direct expenses

  $57,148

• 8c · Net income from fundraising events

  total $30 · excluded $30

• 11a · Other revenue: BAD DEBT RECOVERY

  total $3,077,022 · excluded $3,077,022

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $50,320 · excluded $50,320

• 11e · Other revenue, total

  $3,127,342

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $6,523,123 · program services $6,523,123

• 5 · Compensation of officers, directors and key employees

  total $415,352 · program services $119,966 · management and general $250,813 · fundraising $44,573

• 7 · Other salaries and wages

  total $10,457,112 · program services $7,183,674 · management and general $3,204,023 · fundraising $69,415

• 8 · Pension plan contributions

  total $648,341 · management and general $648,341

• 9 · Other employee benefits

  total $3,228,496 · program services $2,407,956 · management and general $762,227 · fundraising $58,313

• 11a · Fees: management

  total $3,512,000 · program services $433,168 · management and general $3,061,581 · fundraising $17,251

• 11b · Fees: legal

  total $123,967 · management and general $123,967

• 11c · Fees: accounting

  total $279,529 · management and general $279,529

• 11g · Fees: other

  total $458,266 · program services $458,266

• 12 · Advertising and promotion

  total $216,880 · program services $70,293 · management and general $146,587

• 13 · Office expenses

  total $837,105 · program services $495,473 · management and general $303,776 · fundraising $37,856

• 14 · Information technology

  total $165,063 · program services $137,134 · management and general $27,929

• 16 · Occupancy

  total $1,258,905 · management and general $1,258,905

• 17 · Travel

  total $347,887 · program services $269,983 · management and general $72,690 · fundraising $5,214

• 19 · Conferences, conventions and meetings

  total $13,949 · program services $1,799 · management and general $12,150

• 20 · Interest

  total $953,189 · management and general $953,189

• 22 · Depreciation, depletion and amortization

  total $1,650,140 · management and general $1,650,140

• 23 · Insurance

  total $416,043 · management and general $416,043

• 24a · Other expenses: REPAIRS & MAINTENANCE

  total $266,814 · program services $8,179 · management and general $258,635

• 24b · Other expenses: MEMBERSHIP DUES

  total $130,343 · program services $53,508 · management and general $76,795 · fundraising $40

• 24c · Other expenses: MEALS AND ENTERTAINMENT

  total $83,615 · program services $52,992 · management and general $29,165 · fundraising $1,458

• 24e · All other expenses

  total $1,120,436 · program services $793,118 · management and general $318,286 · fundraising $9,032

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $325,905 · end of year $22,176

• 2 · Savings and temporary cash investments

  beginning of year $8,760,201 · end of year $2,800,447

• 3 · Pledges and grants receivable

  beginning of year $110,902 · end of year $38,880

• 4 · Accounts receivable

  beginning of year $3,208,987 · end of year $9,063,189

• 7 · Other notes and loans receivable

  beginning of year $703,131 · end of year $667,697

• 8 · Inventories for sale or use

  beginning of year $117,351

• 9 · Prepaid expenses and deferred charges

  beginning of year $105,341 · end of year $176,928

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

  $59,788,484

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

  $34,095,190

• 10c · Land, buildings and equipment, net

  beginning of year $28,430,556 · end of year $25,693,294

• 11 · Investments: publicly traded securities

  beginning of year $436,900 · end of year $1,883,000

• 15 · Other assets

  beginning of year $192,820 · end of year $37,810

• 17 · Accounts payable and accrued expenses

  beginning of year $6,117,153 · end of year $5,640,451

• 19 · Deferred revenue

  beginning of year $130,651 · end of year $161,859

• 23 · Secured mortgages and notes payable

  beginning of year $20,429,698 · end of year $19,934,703

• 25 · Other liabilities

  beginning of year $2,002,753 · end of year $865,377

• 27 · Net assets without donor restrictions

  beginning of year $7,033,381 · end of year $7,733,176

• 28 · Net assets with donor restrictions

  beginning of year $6,678,458 · end of year $6,047,855

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AS PER HIS EMPLOYMENT. IT IS CONSIDERED A NONTAXABLE BENEFIT.