Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $560,834

• 1f · All other contributions, gifts and grants

  $5,377,118

• 1g · Noncash contributions included above

  $432,789

• 2a · Program service revenue: TUITION AND FEES

  total $38,498,099 · related or exempt $38,498,099

• 2b · Program service revenue: AUXILIARY PROGRAMS REV

  total $3,719,415 · related or exempt $3,719,415

• 3 · Investment income

  total $1,855,116 · unrelated business -$18,349 · excluded $1,873,465

• 6a · Gross rents

  real property $467,416

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $467,416

• 6d · Net rental income or loss

  total $467,416 · excluded $467,416

• 7a · Gross sales of assets other than inventory

  securities $23,614,352 · other assets $41,684

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

  securities $22,576,669 · other assets $10,663

• 7c · Gain or loss

  securities $1,037,683 · other assets $31,021

• 7d · Net gain or loss

  total $1,068,704 · excluded $1,068,704

• 8a · Fundraising events: gross income

  $465,077

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

  $560,834

• 8b · Fundraising events: direct expenses

  $465,077

• 8c · Net income from fundraising events

  total $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $16,221 · program services $16,221

• 2 · Grants to domestic individuals

  total $4,138,868 · program services $4,138,868

• 5 · Compensation of officers, directors and key employees

  total $813,674 · management and general $813,674

• 6 · Compensation of disqualified persons

  total $74,910 · management and general $74,910

• 7 · Other salaries and wages

  total $20,235,648 · program services $16,355,045 · management and general $3,275,023 · fundraising $605,580

• 8 · Pension plan contributions

  total $1,217,471 · program services $976,699 · management and general $209,567 · fundraising $31,205

• 9 · Other employee benefits

  total $3,575,326 · program services $2,911,620 · management and general $570,681 · fundraising $93,025

• 10 · Payroll taxes

  total $1,506,681 · program services $1,181,906 · management and general $282,103 · fundraising $42,672

• 11a · Fees: management

  total $18,199 · program services $10,919 · management and general $5,460 · fundraising $1,820

• 11b · Fees: legal

  total $6,187 · management and general $6,187

• 11c · Fees: accounting

  total $59,900 · program services $35,940 · management and general $17,970 · fundraising $5,990

• 11f · Fees: investment management

  total $168,793 · management and general $168,793

• 11g · Fees: other

  total $1,150,072 · program services $707,513 · management and general $304,210 · fundraising $138,349

• 12 · Advertising and promotion

  total $435,365 · program services $10,897 · management and general $122,849 · fundraising $301,619

• 13 · Office expenses

  total $2,584,201 · program services $1,885,782 · management and general $395,432 · fundraising $302,987

• 14 · Information technology

  total $805,739 · program services $589,098 · management and general $122,658 · fundraising $93,983

• 16 · Occupancy

  total $3,590,165 · program services $2,904,590 · management and general $670,396 · fundraising $15,179

• 17 · Travel

  total $197,683 · program services $98,886 · management and general $90,972 · fundraising $7,825

• 19 · Conferences, conventions and meetings

  total $297,363 · program services $148,749 · management and general $136,844 · fundraising $11,770

• 20 · Interest

  total $775,131 · program services $630,289 · management and general $141,555 · fundraising $3,287

• 22 · Depreciation, depletion and amortization

  total $7,080,425 · program services $5,757,366 · management and general $1,293,030 · fundraising $30,029

• 23 · Insurance

  total $478,156 · program services $386,847 · management and general $89,287 · fundraising $2,022

• 24a · Other expenses: CAFETERIA

  total $1,581,224 · program services $1,457,188 · management and general $108,948 · fundraising $15,088

• 24b · Other expenses: INSTRUCTIONAL & STUDENT

  total $1,132,455 · program services $1,132,455

• 24e · All other expenses

  total $539,429 · program services $326,681 · management and general $197,013 · fundraising $15,735

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,190,868 · end of year $3,802,619

• 2 · Savings and temporary cash investments

  beginning of year $3,747,664 · end of year $4,283,253

• 3 · Pledges and grants receivable

  beginning of year $1,634,947 · end of year $1,273,128

• 4 · Accounts receivable

  beginning of year $308,069 · end of year $310,698

• 8 · Inventories for sale or use

  beginning of year $325,080 · end of year $451,726

• 9 · Prepaid expenses and deferred charges

  beginning of year $454,704 · end of year $349,616

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

  $208,020,467

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

  $79,268,358

• 10c · Land, buildings and equipment, net

  beginning of year $129,952,868 · end of year $128,752,109

• 11 · Investments: publicly traded securities

  beginning of year $95,743,431 · end of year $95,596,072

• 12 · Investments: other securities

  beginning of year $2,643,860 · end of year $1,692,356

• 14 · Intangible assets

  beginning of year $55,250 · end of year $38,250

• 15 · Other assets

  beginning of year $32,820,830 · end of year $35,554,407

• 17 · Accounts payable and accrued expenses

  beginning of year $3,197,902 · end of year $3,521,527

• 19 · Deferred revenue

  beginning of year $2,118,929 · end of year $2,300,547

• 20 · Tax-exempt bond liabilities

  beginning of year $34,544,424 · end of year $34,798,677

• 23 · Secured mortgages and notes payable

  beginning of year $60,433 · end of year $0

• 25 · Other liabilities

  beginning of year $32,820,830 · end of year $35,554,407

• 27 · Net assets without donor restrictions

  beginning of year $150,909,233 · end of year $146,704,322

• 28 · Net assets with donor restrictions

  beginning of year $48,225,820 · end of year $49,224,754

The filer's explanations (Part III)

PART I, LINE 1A

DAVID BRAEMAR RECEIVED NONTAXABLE HOUSING BENEFITS OF $60,000 FOR ON CAMPUS HOUSING WHERE HE IS REQUIRED TO LIVE AS A CONDITION OF HIS EMPLOYMENT FOR THE CONVENIENCE OF THE SCHOOL. THESE AMOUNTS ARE INCLUDED IN PART II, COLUMN (D). DAVID BRAEMER AND PRENTICE STABLER BOTH RECEIVE A GROSS-UP PAYMENT FOR THE OTHER 50% TUITION REMISSION FOR THEIR CHILDREN.