Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $57,413

• 1f · All other contributions, gifts and grants

  $8,481,761

• 1g · Noncash contributions included above

  $3,014,273

• 2a · Program service revenue: STUDENT TUITION & FEES

  total $35,625,045 · related or exempt $35,625,045

• 2b · Program service revenue: AUXILIARY SERVICES

  total $7,962,139 · related or exempt $7,962,139

• 3 · Investment income

  total $260,497 · excluded $260,497

• 7a · Gross sales of assets other than inventory

  securities $69,694

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

  securities $74,293

• 7c · Gain or loss

  securities -$4,599

• 7d · Net gain or loss

  total -$4,599 · excluded -$4,599

• 11a · Other revenue: OTHER REVENUE

  total $94,606 · excluded $94,606

• 11e · Other revenue, total

  $94,606

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $19,141,205 · program services $19,141,205

• 5 · Compensation of officers, directors and key employees

  total $1,304,835 · program services $503,620 · management and general $599,121 · fundraising $202,094

• 7 · Other salaries and wages

  total $10,077,304 · program services $8,827,750 · management and general $78,323 · fundraising $1,171,231

• 8 · Pension plan contributions

  total $124,399 · program services $119,828 · fundraising $4,571

• 9 · Other employee benefits

  total $1,478,026 · program services $1,353,752 · management and general $45,091 · fundraising $79,183

• 10 · Payroll taxes

  total $779,653 · program services $669,075 · management and general $45,682 · fundraising $64,896

• 11b · Fees: legal

  total $113,684 · management and general $113,684

• 11c · Fees: accounting

  total $130,673 · management and general $130,673

• 11e · Fees: professional fundraising services

  total $21,461 · fundraising $21,461

• 11f · Fees: investment management

  total $11,164 · management and general $11,164

• 11g · Fees: other

  total $6,698,700 · program services $5,860,149 · management and general $24,492 · fundraising $814,059

• 12 · Advertising and promotion

  total $235,580 · program services $15,869 · fundraising $219,711

• 13 · Office expenses

  total $330,887 · program services $227,145 · management and general $3,802 · fundraising $99,940

• 16 · Occupancy

  total $1,327,454 · program services $1,238,001 · management and general $58,490 · fundraising $30,963

• 17 · Travel

  total $1,156,734 · program services $1,118,348 · management and general $8,322 · fundraising $30,064

• 19 · Conferences, conventions and meetings

  total $236,505 · program services $218,014 · management and general $6,080 · fundraising $12,411

• 20 · Interest

  total $2,650,437 · program services $2,472,166 · management and general $117,311 · fundraising $60,960

• 22 · Depreciation, depletion and amortization

  total $2,416,157 · program services $2,209,558 · management and general $152,645 · fundraising $53,954

• 23 · Insurance

  total $529,312 · program services $423,154 · management and general $95,992 · fundraising $10,166

• 24a · Other expenses: MAINTENANCE & REPAIRS

  total $756,019 · program services $613,977 · management and general $35,320 · fundraising $106,722

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $625,695 · program services $502,524 · management and general $19,505 · fundraising $103,666

• 24c · Other expenses: BAD DEBT EXPENSE

  total $431,060 · management and general $431,060

• 24d · Other expenses: BANK FEES

  total $370,754 · program services $26,924 · management and general $323,148 · fundraising $20,682

• 24e · All other expenses

  total $375,314 · program services $300,041 · management and general $68,064 · fundraising $7,209

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,559,879 · end of year $3,374,264

• 2 · Savings and temporary cash investments

  end of year $372,036

• 3 · Pledges and grants receivable

  beginning of year $5,725,308 · end of year $7,786,703

• 4 · Accounts receivable

  beginning of year $814,360 · end of year $1,179,460

• 9 · Prepaid expenses and deferred charges

  beginning of year $93,277 · end of year $200,858

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

  $51,982,023

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

  $8,592,804

• 10c · Land, buildings and equipment, net

  beginning of year $44,421,620 · end of year $43,389,219

• 11 · Investments: publicly traded securities

  beginning of year $1,335,516 · end of year $1,470,849

• 15 · Other assets

  beginning of year $4,022,171 · end of year $7,825,114

• 17 · Accounts payable and accrued expenses

  beginning of year $3,357,726 · end of year $4,538,077

• 19 · Deferred revenue

  beginning of year $1,864,720 · end of year $2,133,941

• 20 · Tax-exempt bond liabilities

  beginning of year $8,260,000 · end of year $8,110,000

• 23 · Secured mortgages and notes payable

  beginning of year $23,828,169 · end of year $27,071,985

• 25 · Other liabilities

  beginning of year $2,727,831 · end of year $2,484,596

• 27 · Net assets without donor restrictions

  beginning of year $14,256,037 · end of year $13,959,495

• 28 · Net assets with donor restrictions

  beginning of year $5,677,648 · end of year $7,300,409

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT'S SPOUSE (ALSO A UNIVERSITY EMPLOYEE) ACCOMPANIES HIM TO CONFERENCES, EVENTS AND DONOR MEETINGS WHERE HER PRESENCE IS REQUESTED AND THERE IS A VALID BUSINESS PURPOSE. THIS IS TREATED AS A BUSINESS EXPENSE AND IS NOT INCLUDED IN TAXABLE COMPENSATION.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUST (1)

  T · HOLD ASSETS AND REMIT INCOME TO UNIVERSITY · AZ

  Directly controlled by ARIZONA CHRISTIAN UNIVERSITY