Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $383,490,753

• 1f · All other contributions, gifts and grants

  $277,930,008

• 1g · Noncash contributions included above

  $68,097

• 2a · Program service revenue: Tuition and Fees

  total $602,105,338 · related or exempt $602,105,338

• 2b · Program service revenue: Sales and Service Aux

  total $41,303,540 · related or exempt $39,900,454 · unrelated business $1,403,086

• 2c · Program service revenue: Sales and Service Edu

  total $95,224,241 · related or exempt $95,224,241

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $42,544,359 · unrelated business $3,604,642 · excluded $38,939,717

• 5 · Royalties

  total $851,976 · excluded $851,976

• 6a · Gross rents

  real property $624,066 · personal property $138,530

• 6b · Less rental expenses

  real property $515,317 · personal property $1,275,674

• 6c · Rental income or loss

  real property $108,749 · personal property -$1,137,144

• 6d · Net rental income or loss

  total -$1,028,395 · unrelated business -$241,665 · excluded -$786,730

• 7a · Gross sales of assets other than inventory

  securities $1,401,079,766

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

  securities $1,317,800,049 · other assets $348,499

• 7c · Gain or loss

  securities $83,279,717 · other assets -$348,499

• 7d · Net gain or loss

  total $82,931,218 · excluded $82,931,218

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $265,386,152 · program services $265,386,152

• 3 · Grants to foreign organizations and individuals

  total $5,696,341 · program services $5,696,341

• 5 · Compensation of officers, directors and key employees

  total $6,202,003 · program services $1,270,994 · management and general $4,248,595 · fundraising $682,414

• 7 · Other salaries and wages

  total $408,676,822 · program services $358,647,948 · management and general $44,391,134 · fundraising $5,637,740

• 8 · Pension plan contributions

  total $32,399,231 · program services $28,107,236 · management and general $3,798,434 · fundraising $493,561

• 9 · Other employee benefits

  total $54,453,674 · program services $45,620,119 · management and general $6,384,062 · fundraising $2,449,493

• 10 · Payroll taxes

  total $25,674,710 · program services $22,273,526 · management and general $3,010,062 · fundraising $391,122

• 11a · Fees: management

  total $1,365,166 · program services $473,370 · management and general $891,796

• 11b · Fees: legal

  total $8,344,813 · program services $117,443 · management and general $8,226,396 · fundraising $974

• 11c · Fees: accounting

  total $473,370 · management and general $473,370

• 11d · Fees: lobbying

  total $897,313 · management and general $897,313

• 11e · Fees: professional fundraising services

  total $124,066 · fundraising $124,066

• 11g · Fees: other

  total $63,728,587 · program services $57,984,352 · management and general $5,471,394 · fundraising $272,841

• 12 · Advertising and promotion

  total $2,988,218 · program services $1,473,144 · management and general $1,477,583 · fundraising $37,491

• 13 · Office expenses

  total $87,478,687 · program services $84,206,975 · management and general $2,941,986 · fundraising $329,726

• 14 · Information technology

  total $20,911,813 · program services $8,289,338 · management and general $12,404,831 · fundraising $217,644

• 16 · Occupancy

  total $67,007,685 · program services $64,817,398 · management and general $2,177,837 · fundraising $12,450

• 17 · Travel

  total $16,738,615 · program services $15,096,750 · management and general $1,298,156 · fundraising $343,709

• 19 · Conferences, conventions and meetings

  total $6,033,137 · program services $5,064,099 · management and general $805,852 · fundraising $163,186

• 20 · Interest

  total $29,655,264 · program services $28,030,297 · management and general $1,624,967

• 21 · Payments to affiliates

  total $14,476,999 · program services $14,476,999

• 22 · Depreciation, depletion and amortization

  total $70,125,652 · program services $59,201,178 · management and general $10,924,474

• 23 · Insurance

  total $22,256,627 · program services $2,973,941 · management and general $19,282,686

• 24a · Other expenses: CCLCM

  total $143,324,935 · program services $143,324,935

• 24b · Other expenses: Research

  total $46,058,391 · program services $46,058,391

• 24c · Other expenses: Provision for Bad Debts

  total $7,159,514 · program services $7,159,514

• 24d · Other expenses: Maintenance Supplies

  total $3,862,179 · management and general $3,862,179

• 24e · All other expenses

  total $42,749,416 · program services $27,516,973 · management and general $15,016,666 · fundraising $215,777

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $481,106,293 · end of year $220,773,766

• 2 · Savings and temporary cash investments

  beginning of year $70,832,705 · end of year $131,948,032

• 3 · Pledges and grants receivable

  beginning of year $196,436,308 · end of year $215,308,013

• 4 · Accounts receivable

  beginning of year $11,691,355 · end of year $18,886,868

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $39,085,690 · end of year $39,448,523

• 8 · Inventories for sale or use

  beginning of year $190,411 · end of year $103,990

• 9 · Prepaid expenses and deferred charges

  beginning of year $9,788,503 · end of year $9,554,104

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

  $2,133,418,937

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

  $1,371,672,342

• 10c · Land, buildings and equipment, net

  beginning of year $717,407,454 · end of year $761,746,595

• 11 · Investments: publicly traded securities

  beginning of year $355,532,493 · end of year $656,157,736

• 12 · Investments: other securities

  beginning of year $1,669,665,800 · end of year $1,737,421,107

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0

• 15 · Other assets

  beginning of year $454,294,796 · end of year $470,466,558

• 17 · Accounts payable and accrued expenses

  beginning of year $72,616,571 · end of year $85,759,846

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $0 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $408,025,551 · end of year $385,096,670

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $408,428,504 · end of year $523,812,717

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $228,971,358 · end of year $213,932,255

• 27 · Net assets without donor restrictions

  beginning of year $373,485,269 · end of year $437,257,250

• 28 · Net assets with donor restrictions

  beginning of year $2,514,504,555 · end of year $2,615,956,554

• 29 · Capital stock, trust principal or current funds

  beginning of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $0

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel

There may be instances where first class travel is necessary. In these instances prior approval must be secured. Reimbursement for upgraded travel that does not comply with the University guidelines is made at the policy supported economy class level.

Schedule J, Part I, Line 1a Travel for companions

The University Travel Policy stipulates no reimbursement for travel-related expenses of a companion unless it provides a clear and direct benefit to the University. The policy establishes the guidelines and approvals required. On occasion the president is asked to participate in off site professional meetings where leadership and their spouses from various Universities gather for professional development and other business purposes. The contract between the president and the University requires the spouse be available for such meetings.

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments

The University has followed its long established past practice of administering gross-up payments. Additionally, written policies were put into place in 2009.

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

The University provides housing for the President. The housing is on the edge of campus and is provided for the benefit of the University because of the substantial demands that it places on the President. A written policy has been approved by the Board of Directors.

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

For health or social club dues or initiation fees, a written policy was in place and adhered to. At each year end a determination is made what portion is allocable as personal. The portion that is deemed personal is then added to the W-2 earnings and is taxable to the employee.

Schedule J, Part I, Line 1a Personal services

Cleaning services are provided at the University owned house occupied by the President. Periodically the University makes an assessment of the services and whether any portion is taxable to the President. At such time (if applicable) the taxable amount would be includable in W-2 wages for the President.

Schedule J, Part I, Line 7 Non-fixed payments

For non-fixed payments, accomplishment of set performance indicators both financial and non-financial are required to receive such payments.

Schedule J, Part II, Column (F)

ERIC KALER WAS ISSUED $225,000 OF DEFERRED COMPENSATION FOR THE FISCAL YEAR ENEDED JUNE 30, 2022, NONE OF WHICH HAS BEEN PAID. 33-1/3% VESTED ON JUNE 30, 2022. AN ADDITIONAL 33-1/3% VESTED ON JUNE 30, 2023, AND THE FINAL 33-1/3% WILL VEST ON JUNE 30, 2024.

Schedule J, Part II, Column (F)

STANTON GERSON WAS ISSUED $200,000 OF DEFERRED COMPENSATION, NONE OF WHICH HAS BEEN PAID. 33-1/3% VESTED ON JUNE 30, 2022. AN ADDITIONAL 33-1/3% VESTED ON JUNE 30, 2023, AND THE FINAL 33-1/3% WILL VEST ON JUNE 30, 2024.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ERIE TIMBER LLC

  TIMBER FARM · OH · income $725,796 · assets $16,427,905

  Directly controlled by CASE WESTERN RESERVE UNIVERSITY

• ERIE FOREST INVESTMENTS LLC

  TIMBER FARM · OH · income $0 · assets $0

  Directly controlled by ERIE TIMBER

• CASE DENTAL MEDICINE SUPPORT SERVICES LLC

  HEALTH CARE · OH · income $1,196,198 · assets $0

  Directly controlled by CASE WESTERN RESERVE UNIVERSITY

• CWRU SCHOOL OF DENTISTRY ADMIN SUPPORT LLC

  HEALTH CARE · OH · income $271,932 · assets $0

  Directly controlled by CASE WESTERN RESERVE UNIVERSITY

• FPB Clinical Practice LLC

  Health Care · OH · income $397 · assets $0

  Directly controlled by Case Western Reserve University