Form 990 for tax year 2022

1e · Government grants (contributions)

$1,741,795

1f · All other contributions, gifts and grants

$8,672,629

1g · Noncash contributions included above

$49,960

2a · Program service revenue: TUITION & FEES

total $48,844,971 · related or exempt $48,844,971

3 · Investment income

total $942,270 · unrelated business -$13,166 · excluded $955,436

6a · Gross rents

real property $5,014,503

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $5,014,503

6d · Net rental income or loss

total $5,014,503 · excluded $5,014,503

7a · Gross sales of assets other than inventory

securities $40,949,680 · other assets $207,900

7b · Less cost or other basis and sales expenses

securities $42,714,688 · other assets $24,800

7c · Gain or loss

securities -$1,765,008 · other assets $183,100

7d · Net gain or loss

total -$1,581,908 · excluded -$1,581,908

8a · Fundraising events: gross income

$124,350

8b · Fundraising events: direct expenses

$16,563

8c · Net income from fundraising events

total $107,787 · excluded $107,787

11a · Other revenue: OTHER INCOME

total $1,479,667 · related or exempt $1,479,667

11b · Other revenue: ATHLETIC DEPARTMENT REVENUE

total $149,322 · excluded $149,322

11c · Other revenue: DORM SUPPORT SERVICES

total $28,786 · excluded $28,786

11e · Other revenue, total

$1,657,775

2 · Grants to domestic individuals

total $24,456,094 · program services $24,456,094

5 · Compensation of officers, directors and key employees

total $528,453 · program services $94,257 · management and general $296,156 · fundraising $138,040

7 · Other salaries and wages

total $21,235,391 · program services $17,041,005 · management and general $3,824,619 · fundraising $369,767

8 · Pension plan contributions

total $1,073,610 · program services $818,334 · management and general $215,289 · fundraising $39,987

9 · Other employee benefits

total $3,127,786 · program services $2,275,019 · management and general $758,851 · fundraising $93,916

10 · Payroll taxes

total $1,560,631 · program services $1,189,555 · management and general $312,950 · fundraising $58,126

11b · Fees: legal

total $199,354 · program services $63,228 · management and general $136,126

11c · Fees: accounting

total $101,712 · program services $32,259 · management and general $69,453

11g · Fees: other

total $5,793,190 · program services $2,584,416 · management and general $3,109,049 · fundraising $99,725

12 · Advertising and promotion

total $217,379 · program services $55,218 · management and general $158,911 · fundraising $3,250

13 · Office expenses

total $863,330 · program services $421,327 · management and general $425,584 · fundraising $16,419

14 · Information technology

total $1,243,763 · program services $298,306 · management and general $940,999 · fundraising $4,458

16 · Occupancy

total $1,793,433 · program services $1,201,769 · management and general $584,440 · fundraising $7,224

17 · Travel

total $1,224,271 · program services $992,706 · management and general $229,738 · fundraising $1,827

19 · Conferences, conventions and meetings

total $74,120 · program services $43,885 · management and general $30,037 · fundraising $198

20 · Interest

total $563,309 · program services $563,309

22 · Depreciation, depletion and amortization

total $3,012,940 · program services $2,644,246 · management and general $368,694

23 · Insurance

total $483,265 · program services $384,679 · management and general $95,686 · fundraising $2,900

24a · Other expenses: OTHER EXPENSES

total $1,419,216 · program services $196,163 · management and general $1,181,529 · fundraising $41,524

24b · Other expenses: RECRUITING

total $1,160,419 · program services $1,067,885 · management and general $92,534

24c · Other expenses: BOOKS & PERIODICALS

total $1,036,343 · program services $111,456 · management and general $924,418 · fundraising $469

24d · Other expenses: CAMPUS & STUDENT ACTIVI

total $385,010 · program services $306,369 · management and general $78,122 · fundraising $519

24e · All other expenses

total $659,174 · program services $479,812 · management and general $178,972 · fundraising $390

1 · Cash, non-interest-bearing

beginning of year $1,695,991 · end of year $4,857,755

2 · Savings and temporary cash investments

beginning of year $17,524,662 · end of year $3,629,201

3 · Pledges and grants receivable

beginning of year $844,162 · end of year $3,919,676

4 · Accounts receivable

beginning of year $732,708 · end of year $962,206

7 · Other notes and loans receivable

beginning of year $821,817 · end of year $305,737

9 · Prepaid expenses and deferred charges

beginning of year $786,373 · end of year $491,557

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

$102,139,937

10b · Land, buildings and equipment: accumulated depreciation

$61,353,341

10c · Land, buildings and equipment, net

beginning of year $41,458,800 · end of year $40,786,596

11 · Investments: publicly traded securities

beginning of year $39,555,383 · end of year $32,010,536

12 · Investments: other securities

beginning of year $803,900 · end of year $803,900

15 · Other assets

beginning of year $2,915,858 · end of year $4,830,710

17 · Accounts payable and accrued expenses

beginning of year $2,262,677 · end of year $2,736,200

19 · Deferred revenue

beginning of year $3,244,113 · end of year $3,238,754

20 · Tax-exempt bond liabilities

beginning of year $9,384,077 · end of year $0

23 · Secured mortgages and notes payable

beginning of year $1,707,789 · end of year $884,424

25 · Other liabilities

beginning of year $814,880 · end of year $2,163,185

27 · Net assets without donor restrictions

beginning of year $42,685,032 · end of year $36,377,125

28 · Net assets with donor restrictions

beginning of year $47,041,086 · end of year $47,198,186