Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $2,528,858

• 1e · Government grants (contributions)

  $3,313,335

• 1f · All other contributions, gifts and grants

  $2,304,779

• 2a · Program service revenue: TUITION AND FEES

  total $136,948,950 · related or exempt $136,948,950

• 2b · Program service revenue: RESIDENCE HALL CHARGES

  total $14,654,926 · related or exempt $14,654,926

• 2c · Program service revenue: FOOD SERVICE CHARGES

  total $5,277,234 · related or exempt $5,277,234

• 2d · Program service revenue: OTHER AUXILIARY AND LOCAL SUPPORT

  total $266,747 · related or exempt $266,747

• 3 · Investment income

  total $261,577 · excluded $261,577

• 6a · Gross rents

  real property $30,653

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $30,653

• 6d · Net rental income or loss

  total $30,653 · excluded $30,653

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

  other assets $234,222

• 7c · Gain or loss

  other assets -$234,222

• 7d · Net gain or loss

  total -$234,222 · excluded -$234,222

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $942,002 · excluded $942,002

• 11e · Other revenue, total

  $942,002

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $210,744 · program services $210,744

• 2 · Grants to domestic individuals

  total $49,264,375 · program services $49,264,375

• 5 · Compensation of officers, directors and key employees

  total $1,061,749 · program services $979,725 · management and general $54,040 · fundraising $27,984

• 7 · Other salaries and wages

  total $48,302,375 · program services $43,782,940 · management and general $3,310,995 · fundraising $1,208,440

• 8 · Pension plan contributions

  total $3,574,737 · program services $3,222,429 · management and general $269,296 · fundraising $83,012

• 9 · Other employee benefits

  total $16,764,342 · program services $16,213,037 · fundraising $551,305

• 10 · Payroll taxes

  total $3,736,437 · program services $3,127,184 · management and general $609,253

• 11b · Fees: legal

  total $250,470 · program services $185,501 · management and general $58,126 · fundraising $6,843

• 11c · Fees: accounting

  total $60,043 · management and general $60,043

• 11g · Fees: other

  total $1,799,331 · program services $665,352 · management and general $1,021,378 · fundraising $112,601

• 12 · Advertising and promotion

  total $4,133,145 · program services $257,116 · management and general $3,862,774 · fundraising $13,255

• 13 · Office expenses

  total $5,314,773 · program services $3,986,281 · management and general $1,328,492

• 14 · Information technology

  total $2,600,967 · program services $1,912,039 · management and general $688,928

• 16 · Occupancy

  total $2,051,726 · program services $2,037,966 · management and general $13,760

• 17 · Travel

  total $551,221 · program services $332,292 · management and general $193,427 · fundraising $25,502

• 19 · Conferences, conventions and meetings

  total $2,492,590 · program services $2,274,072 · management and general $218,518

• 20 · Interest

  total $750,793 · management and general $750,793

• 22 · Depreciation, depletion and amortization

  total $7,064,530 · program services $6,144,252 · management and general $920,278

• 23 · Insurance

  total $1,705,410 · program services $88,066 · management and general $1,617,344

• 24a · Other expenses: PROPERTY PLANT & EQUIP

  total $15,402,964 · program services $14,011,116 · management and general $1,371,526 · fundraising $20,322

• 24b · Other expenses: UTILITIES

  total $2,264,176 · program services $2,264,176

• 24c · Other expenses: VARIOUS OTHER EXPENSES

  total $1,704,709 · management and general $752,162 · fundraising $952,547

• 24d · Other expenses: EQUIPMENT RENTAL

  total $184,505 · program services $75,100 · management and general $109,405

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,096,196 · end of year $628,935

• 3 · Pledges and grants receivable

  beginning of year $2,087,263 · end of year $1,788,345

• 4 · Accounts receivable

  beginning of year $4,017,428 · end of year $7,793,885

• 8 · Inventories for sale or use

  beginning of year $271,635 · end of year $296,610

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,588,641 · end of year $1,008,917

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

  $246,235,089

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

  $89,371,143

• 10c · Land, buildings and equipment, net

  beginning of year $159,182,241 · end of year $156,863,946

• 11 · Investments: publicly traded securities

  beginning of year $1,892,305 · end of year $1,331,247

• 15 · Other assets

  beginning of year $1,708,338 · end of year $1,572,295

• 17 · Accounts payable and accrued expenses

  beginning of year $4,692,782 · end of year $4,244,800

• 19 · Deferred revenue

  beginning of year $4,832,502 · end of year $4,389,131

• 23 · Secured mortgages and notes payable

  beginning of year $23,604,656 · end of year $22,504,974

• 25 · Other liabilities

  beginning of year $8,703,714 · end of year $8,947,988

• 27 · Net assets without donor restrictions

  beginning of year $115,118,446 · end of year $120,649,392

• 28 · Net assets with donor restrictions

  beginning of year $20,891,947 · end of year $10,547,895

The filer's explanations (Part III)

PART I, LINE 1A

THOSE APPROVED BY THE BOARD AS "MINISTERS OF THE GOSPEL" RECEIVED A BOARD APPROVED HOUSING ALLOWANCE PERCENTAGE. CUI PAYS THE TRAVEL EXPENSES FOR THE EMPLOYEE AND A COMPANION TO ATTEND THE ONCE-A-YEAR OFF CAMPUS BOARD-ON BOARD MEETING. WILLIAM CARIO, ALLEN PROCHNOW, AND ROY PETERSON HAVE MEMBERSHIPS TO THE WISCONSIN CLUB PAID FOR BY CUI. THESE MEMBERSHIPS THAT ARE PAID FOR BY CUI ARE ALSO USED FOR MEETING WITH DONORS AND POTENTIAL DONORS, AS WELL AS OTHER BUSINESS CONTACTS. THESE MEMBERSHIPS ARE EXCLUSIVELY USED FOR BUSINESS PURPOSES.

PART I, LINE 4A

DR. THOMAS PHILLIP - $74,150