Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $18,150

• 1f · All other contributions, gifts and grants

  $778,029

• 3 · Investment income

  total $192,338 · excluded $192,338

• 7a · Gross sales of assets other than inventory

  securities $1,354,110

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

  securities $1,322,326

• 7c · Gain or loss

  securities $31,784

• 7d · Net gain or loss

  total $31,784 · excluded $31,784

• 8a · Fundraising events: gross income

  $20,705

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

  $18,150

• 8b · Fundraising events: direct expenses

  $17,067

• 8c · Net income from fundraising events

  total $3,638 · excluded $3,638

• 11a · Other revenue: RECOVERY OF UNCLAIMED SCHOLARSHIP

  total $55,656 · excluded $55,656

• 11e · Other revenue, total

  $55,656

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $133,395 · program services $133,395

• 2 · Grants to domestic individuals

  total $634,864 · program services $634,864

• 11a · Fees: management

  total $100,000 · management and general $100,000

• 11c · Fees: accounting

  total $8,107 · management and general $8,107

• 11f · Fees: investment management

  total $26,750 · management and general $26,750

• 13 · Office expenses

  total $6,266 · management and general $5,620 · fundraising $646

• 14 · Information technology

  total $16,009 · management and general $16,009

• 17 · Travel

  total $2,977 · management and general $666 · fundraising $2,311

• 23 · Insurance

  total $6,284 · fundraising $6,284

• 24a · Other expenses: OTHER EXPENSES

  total $8,096 · management and general $5,990 · fundraising $2,106

• 24b · Other expenses: DONOR RECOGNITION

  total $6,014 · fundraising $6,014

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $445,734 · end of year $539,283

• 3 · Pledges and grants receivable

  beginning of year $69,985 · end of year $71,225

• 4 · Accounts receivable

  beginning of year $1,800 · end of year $3,353

• 11 · Investments: publicly traded securities

  beginning of year $8,355,891 · end of year $9,072,344

• 15 · Other assets

  beginning of year $403,786 · end of year $416,387

• 17 · Accounts payable and accrued expenses

  beginning of year $16

• 18 · Grants payable

  beginning of year $266,280 · end of year $202,274

• 25 · Other liabilities

  beginning of year $642,211 · end of year $865,334

• 27 · Net assets without donor restrictions

  beginning of year $289,294 · end of year $384,824

• 28 · Net assets with donor restrictions

  beginning of year $8,079,395 · end of year $8,650,160

The filer's explanations (Part III)

PART I, LINE 3

COMPENSATION IS DETERMINED BY THE COLLEGE AND APPROVED THROUGH THE COLLEGE'S BOARD OF DIRECTORS USING VARIOUS MECHANISMS INCLUDING BUT NOT LIMITED TO DISCRETIONARY MARKET DATA, THE CONSUMER PRICE INDEX (CPI), INTERNAL AND EXTERNAL EQUITY, AND OTHER FACTORS DETERMINED BY ELT.