Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $255,748

• 1e · Government grants (contributions)

  $257,081

• 1f · All other contributions, gifts and grants

  $6,517,681

• 1g · Noncash contributions included above

  $3,415,647

• 3 · Investment income

  total $776,308 · excluded $776,308

• 7a · Gross sales of assets other than inventory

  securities $19,608,765

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

  securities $18,497,707

• 7c · Gain or loss

  securities $1,111,058

• 7d · Net gain or loss

  total $1,111,058 · excluded $1,111,058

• 8a · Fundraising events: gross income

  $938,586

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

  $255,748

• 8b · Fundraising events: direct expenses

  $235,155

• 8c · Net income from fundraising events

  total $703,431 · excluded $703,431

• 11a · Other revenue: DEFINED BENEFITS RETIREMENT PLAN

  total $402,357 · excluded $402,357

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $25,135 · excluded $25,135

• 11e · Other revenue, total

  $427,492

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $833,351 · program services $65,470 · management and general $534,044 · fundraising $233,837

• 7 · Other salaries and wages

  total $398,029 · program services $31,270 · management and general $255,073 · fundraising $111,686

• 8 · Pension plan contributions

  total $751,446 · program services $682,439 · management and general $50,282 · fundraising $18,725

• 9 · Other employee benefits

  total $57,946 · program services $5,707 · management and general $31,826 · fundraising $20,413

• 10 · Payroll taxes

  total $80,509 · program services $6,521 · management and general $48,928 · fundraising $25,060

• 11b · Fees: legal

  total $2,695 · management and general $2,695

• 11c · Fees: accounting

  total $53,580 · program services $49,990 · management and general $2,218 · fundraising $1,372

• 11f · Fees: investment management

  total $111,571 · program services $104,096 · management and general $4,619 · fundraising $2,856

• 11g · Fees: other

  total $201,854 · program services $540 · management and general $14,902 · fundraising $186,412

• 12 · Advertising and promotion

  total $1,231 · fundraising $1,231

• 13 · Office expenses

  total $326,593 · program services $242,551 · management and general $15,228 · fundraising $68,814

• 14 · Information technology

  total $21,655 · program services $18,881 · management and general $2,033 · fundraising $741

• 16 · Occupancy

  total $262,171 · program services $243,357 · management and general $12,137 · fundraising $6,677

• 17 · Travel

  total $1,786 · program services $103 · management and general $344 · fundraising $1,339

• 20 · Interest

  total $525,611 · program services $490,395 · management and general $21,760 · fundraising $13,456

• 22 · Depreciation, depletion and amortization

  total $807,861 · program services $753,735 · management and general $33,445 · fundraising $20,681

• 23 · Insurance

  total $506,791 · program services $472,836 · management and general $20,981 · fundraising $12,974

• 24a · Other expenses: FEES & SUBSCRIPTIONS

  total $151,709 · program services $69,557 · management and general $31,725 · fundraising $50,427

• 24b · Other expenses: PAYROLL FEES

  total $80,774 · program services $75,362 · management and general $3,344 · fundraising $2,068

• 24c · Other expenses: STUDENT ACTIVITIES

  total $13,858 · program services $10,626 · management and general $2,201 · fundraising $1,031

• 24d · Other expenses: TRAINING

  total $7,018 · program services $5,043 · management and general $1,817 · fundraising $158

• 24e · All other expenses

  total $24,932 · program services $275 · management and general $1,022 · fundraising $23,635

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,841,472 · end of year $4,574,666

• 3 · Pledges and grants receivable

  beginning of year $2,077,652 · end of year $1,223,375

• 4 · Accounts receivable

  beginning of year $54,253 · end of year $26,062

• 9 · Prepaid expenses and deferred charges

  beginning of year $606,010 · end of year $751,226

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

  $19,027,509

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

  $12,644,936

• 10c · Land, buildings and equipment, net

  beginning of year $6,953,718 · end of year $6,382,573

• 11 · Investments: publicly traded securities

  beginning of year $208,248 · end of year $217,252

• 12 · Investments: other securities

  beginning of year $44,246,996 · end of year $44,611,125

• 15 · Other assets

  beginning of year $39,274,087 · end of year $43,920,993

• 17 · Accounts payable and accrued expenses

  beginning of year $2,119,450 · end of year $1,944,964

• 20 · Tax-exempt bond liabilities

  beginning of year $16,004,385 · end of year $16,042,472

• 27 · Net assets without donor restrictions

  beginning of year $44,088,800 · end of year $49,780,152

• 28 · Net assets with donor restrictions

  beginning of year $33,049,801 · end of year $33,939,684

The filer's explanations (Part III)

PART I, LINE 1A

A RESIDENCE ON CAMPUS IS PROVIDED FOR THE PRESIDENT TO ALLOW THE PRESIDENT TO BE AVAILABLE AS NECESSARY. THE BENEFIT WAS NOT INCLUDED AS TAXABLE COMPENSATION. TRAVEL EXPENSES SUCH AS MILEAGE, GAS, AND MAINTENANCE THAT ARE INCURRED ARE REIMBURSED BY THE ORGANIZATION.