Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $3,761

• 1e · Government grants (contributions)

  $3,605,441

• 1f · All other contributions, gifts and grants

  $1,852,848

• 1g · Noncash contributions included above

  $134,086

• 2a · Program service revenue: TUITION AND FEES

  total $32,534,555 · related or exempt $32,534,555

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $7,920,366 · related or exempt $7,920,366

• 2c · Program service revenue: OTHER SOURCES

  total $1,294,807 · related or exempt $1,294,807

• 3 · Investment income

  total $296,995 · excluded $296,995

• 6a · Gross rents

  real property $124,101

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $124,101

• 6d · Net rental income or loss

  total $124,101 · unrelated business $124,101

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

  securities $59,725 · other assets $168,212

• 7c · Gain or loss

  securities -$59,725 · other assets -$168,212

• 7d · Net gain or loss

  total -$227,937 · related or exempt -$168,212 · excluded -$59,725

• 8a · Fundraising events: gross income

  $33,194

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

  $3,761

• 8b · Fundraising events: direct expenses

  $10,964

• 8c · Net income from fundraising events

  total $22,230 · excluded $22,230

• 11a · Other revenue: CENTER FOR THE PERFORMING ARTS -

  total $98,260 · unrelated business $98,260

• 11e · Other revenue, total

  $98,260

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $19,381,368 · program services $19,381,368

• 5 · Compensation of officers, directors and key employees

  total $933,312 · program services $402,720 · management and general $417,733 · fundraising $112,859

• 7 · Other salaries and wages

  total $11,252,168 · program services $9,703,849 · management and general $1,225,701 · fundraising $322,618

• 8 · Pension plan contributions

  total $469,978 · program services $291,945 · management and general $178,033

• 9 · Other employee benefits

  total $1,896,298 · program services $1,089,927 · management and general $806,371

• 10 · Payroll taxes

  total $916,397 · program services $564,426 · management and general $351,971

• 11b · Fees: legal

  total $13,248 · management and general $13,248

• 11c · Fees: accounting

  total $82,884 · management and general $82,884

• 11f · Fees: investment management

  total $39,880 · management and general $39,880

• 11g · Fees: other

  total $651,376 · program services $448,323 · management and general $199,616 · fundraising $3,437

• 12 · Advertising and promotion

  total $450,192 · program services $21,058 · management and general $429,134

• 13 · Office expenses

  total $210,635 · program services $194,121 · management and general -$7,418 · fundraising $23,932

• 14 · Information technology

  total $678,189 · management and general $678,189

• 16 · Occupancy

  total $4,114,144 · program services $3,801,365 · management and general $312,779

• 17 · Travel

  total $496,203 · program services $477,586 · management and general $17,831 · fundraising $786

• 20 · Interest

  total $392,550 · program services $286,562 · management and general $105,988

• 22 · Depreciation, depletion and amortization

  total $2,254,544 · program services $1,862,254 · management and general $392,290

• 23 · Insurance

  total $414,113 · program services $86,564 · management and general $327,549

• 24a · Other expenses: OTHER EXPENSES

  total $4,103,154 · program services $3,489,727 · management and general $579,468 · fundraising $33,959

• 24b · Other expenses: FOOD SERVICES

  total $2,039,772 · program services $2,039,772

• 24c · Other expenses: BAD DEBT EXPENSE

  total $431,783 · management and general $431,783

• 24d · Other expenses: EQUIPMENT PURCHASE AND

  total $358,190 · program services $257,894 · management and general $100,296

• 24e · All other expenses

  total $918,042 · program services $645,388 · management and general $269,058 · fundraising $3,596

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,860,272 · end of year $533,149

• 3 · Pledges and grants receivable

  beginning of year $2,290,727 · end of year $614,168

• 4 · Accounts receivable

  beginning of year $1,083,171 · end of year $970,512

• 7 · Other notes and loans receivable

  beginning of year $73,484 · end of year $71,914

• 8 · Inventories for sale or use

  beginning of year $185,331 · end of year $104,829

• 9 · Prepaid expenses and deferred charges

  beginning of year $412,948 · end of year $650,874

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

  $71,540,204

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

  $29,309,250

• 10c · Land, buildings and equipment, net

  beginning of year $39,113,374 · end of year $42,230,954

• 11 · Investments: publicly traded securities

  beginning of year $10,751,907 · end of year $10,224,396

• 12 · Investments: other securities

  beginning of year $7,802,506 · end of year $3,802,303

• 15 · Other assets

  beginning of year $700,295 · end of year $1,473,102

• 17 · Accounts payable and accrued expenses

  beginning of year $3,149,172 · end of year $3,098,928

• 19 · Deferred revenue

  beginning of year $2,050,615 · end of year $965,853

• 23 · Secured mortgages and notes payable

  beginning of year $10,003,524 · end of year $10,866,189

• 25 · Other liabilities

  beginning of year $149,350 · end of year $1,199,527

• 27 · Net assets without donor restrictions

  beginning of year $30,013,804 · end of year $30,690,111

• 28 · Net assets with donor restrictions

  beginning of year $19,907,550 · end of year $13,855,593

The filer's explanations (Part III)

PART I, LINE 1A

THE UNIVERSITY PROVIDES A RESIDENCE AND PAYS COMPENSATION TO THE PRESIDENT OF THE UNIVERSITY. THE RESIDENCE IS ON CAMPUS AND THE PRESIDENT IS REQUIRED TO LIVE AT THE RESIDENCE.