Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $31,263

• 1e · Government grants (contributions)

  $141,585

• 1f · All other contributions, gifts and grants

  $2,467,579

• 2a · Program service revenue: TUITION AND FEES

  total $43,711,877 · related or exempt $43,711,877

• 2b · Program service revenue: SALES & SERVICES OF AUXILIARY ENTERPRISE

  total $5,092,926 · related or exempt $5,092,926

• 2c · Program service revenue: OTHER PROGRAM REVENUE

  total $758,129 · related or exempt $758,129

• 2f · All other program service revenue

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

• 3 · Investment income

  total $501,479 · unrelated business $17,419 · excluded $484,060

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $16,067,215

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

  securities $15,619,419

• 7c · Gain or loss

  securities $447,796 · other assets $0

• 7d · Net gain or loss

  total $447,796 · excluded $447,796

• 8a · Fundraising events: gross income

  $2,119

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

  $31,263

• 8b · Fundraising events: direct expenses

  $8,394

• 8c · Net income from fundraising events

  total -$6,275 · excluded -$6,275

• 11a · Other revenue: REIMBURSEMENTS

  total $787,670 · related or exempt $787,670

• 11b · Other revenue: OTHER REVENUE

  total $603,026 · related or exempt $603,026

• 11d · All other revenue

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

• 11e · Other revenue, total

  $1,390,696

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $20,584,193 · program services $20,584,193

• 5 · Compensation of officers, directors and key employees

  total $477,404 · program services $415,077 · management and general $55,362 · fundraising $6,965

• 7 · Other salaries and wages

  total $20,673,342 · program services $18,544,412 · management and general $1,977,856 · fundraising $151,074

• 8 · Pension plan contributions

  total $23,000 · program services $20,617 · management and general $2,211 · fundraising $172

• 9 · Other employee benefits

  total $1,993,100 · program services $1,786,611 · management and general $191,596 · fundraising $14,893

• 11b · Fees: legal

  total $192,982 · management and general $192,982

• 11c · Fees: accounting

  total $90,645 · management and general $90,645

• 11f · Fees: investment management

  total $131,034 · management and general $131,034

• 11g · Fees: other

  total $2,417,499 · program services $2,167,040 · management and general $250,459 · fundraising $0

• 12 · Advertising and promotion

  total $812,335 · management and general $812,335

• 13 · Office expenses

  total $799,442 · program services $716,619 · management and general $76,850 · fundraising $5,973

• 14 · Information technology

  total $401,255 · management and general $401,255

• 16 · Occupancy

  total $2,208,966 · program services $1,980,113 · management and general $212,348 · fundraising $16,505

• 17 · Travel

  total $746,026 · program services $668,737 · management and general $71,715 · fundraising $5,574

• 19 · Conferences, conventions and meetings

  total $72,987 · program services $65,918 · management and general $7,069

• 20 · Interest

  total $887,853 · program services $801,861 · management and general $85,992

• 22 · Depreciation, depletion and amortization

  total $3,251,968 · program services $2,915,058 · management and general $312,610 · fundraising $24,300

• 23 · Insurance

  total $685,865 · management and general $685,865

• 24a · Other expenses: EQUIPMENT AND EVENTS

  total $2,884,885 · program services $2,884,885

• 24b · Other expenses: ALL OTHER EXPENSES

  total $2,031,792 · program services $2,031,792

• 24c · Other expenses: ALLOWANCE FOR BAD DEBTS

  total $110,732 · program services $110,732

• 24d · Other expenses: ACADEMIC SUPPLIES, BOOKS, ETC

  total $91,144 · program services $91,144

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $9,394 · end of year $9,344

• 2 · Savings and temporary cash investments

  beginning of year $5,650,095 · end of year $6,178,233

• 3 · Pledges and grants receivable

  beginning of year $1,952,496 · end of year $2,763,235

• 4 · Accounts receivable

  beginning of year $4,168,104 · end of year $3,777,218

• 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 $388,582 · end of year $408,153

• 8 · Inventories for sale or use

  beginning of year $28,927 · end of year $28,927

• 9 · Prepaid expenses and deferred charges

  beginning of year $303,941 · end of year $467,495

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

  $148,819,001

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

  $79,139,308

• 10c · Land, buildings and equipment, net

  beginning of year $70,459,130 · end of year $69,679,693

• 11 · Investments: publicly traded securities

  beginning of year $28,682,829 · end of year $29,613,140

• 12 · Investments: other securities

  beginning of year $15,779,631 · end of year $8,731,810

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $1,750,572 · end of year $765,065

• 17 · Accounts payable and accrued expenses

  beginning of year $2,164,350 · end of year $2,611,915

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $1,853,958 · end of year $1,933,433

• 20 · Tax-exempt bond liabilities

  beginning of year $18,574,736 · end of year $13,670,587

• 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 $0 · end of year $7,011,758

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $7,622,572 · end of year $2,540,899

• 27 · Net assets without donor restrictions

  beginning of year $68,050,298 · end of year $61,876,103

• 28 · Net assets with donor restrictions

  beginning of year $30,907,787 · end of year $32,777,618

The filer's explanations (Part III)

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

THE PRESIDENT OF ROBERTS IS CONSIDERED A KEY REPRESENTATIVE OF THE UNIVERSITY AND THEREFORE TRAVEL COSTS RELATED TO CERTAIN OFFICIAL UNIVERSITY MEETINGS ARE NONTAXABLE TO THE PRESIDENT.

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

THE UNIVERSITY PRESIDENT RESIDES IN UNIVERSITY PROVIDED HOUSING WHICH ALSO SERVES AS A PLACE FOR MEETINGS WITH UNIVERSITY GUESTS, STUDENTS, DONORS, AND ALUMNI AT VARIOUS TIMES THROUGHOUT THE YEAR.

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

THE UNIVERSITY PAYS ANNUAL DUES FOR THE PRESIDENTS DINING CLUB MEMBERSHIP TO PROVIDE A QUALITY, OFF-CAMPUS MEETING VENUE. THE PRESIDENT IS THE ONLY INDIVIDUAL ABLE TO USE, SOLELY FOR UNIVERSITY RELATED PURPOSES.