Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $3,258,118

• 1e · Government grants (contributions)

  $15,166,000

• 1f · All other contributions, gifts and grants

  $2,330,820

• 2a · Program service revenue: ROOM AND BOARD

  total $16,448,465 · related or exempt $16,448,465

• 2b · Program service revenue: TUITION AND FEES

  total $15,883,238 · related or exempt $15,883,238

• 2c · Program service revenue: CONTRACTS & SPONSORED ACTIVITIES

  total $5,279,782 · related or exempt $5,279,782

• 3 · Investment income

  total $2,601 · excluded $2,601

• 6a · Gross rents

  personal property $733,128

• 6b · Less rental expenses

  personal property $0

• 6c · Rental income or loss

  personal property $733,128

• 6d · Net rental income or loss

  total $733,128 · unrelated business $577,633 · excluded $155,495

• 10a · Gross sales of inventory

  $274,312

• 10b · Cost of goods sold

  $358,314

• 10c · Net income from sales of inventory

  total -$84,002 · unrelated business -$84,002

• 11d · All other revenue

  total $1,242,642 · related or exempt $1,242,642

• 11e · Other revenue, total

  $1,242,642

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,409,704 · program services $2,409,704

• 5 · Compensation of officers, directors and key employees

  total $1,655,212 · program services $370,139 · management and general $840,759 · fundraising $444,314

• 7 · Other salaries and wages

  total $24,076,169 · program services $17,101,167 · management and general $6,642,650 · fundraising $332,352

• 8 · Pension plan contributions

  total $2,147,994 · program services $1,416,449 · management and general $678,016 · fundraising $53,529

• 9 · Other employee benefits

  total $4,059,599 · program services $2,401,215 · management and general $1,560,977 · fundraising $97,407

• 10 · Payroll taxes

  total $2,022,298 · program services $1,317,327 · management and general $648,651 · fundraising $56,320

• 11b · Fees: legal

  total $19,544 · management and general $19,544

• 11c · Fees: accounting

  total $361,418 · management and general $361,418

• 11g · Fees: other

  total $14,316,281 · program services $12,642,135 · management and general $1,618,262 · fundraising $55,884

• 12 · Advertising and promotion

  total $513,402 · program services $58,738 · management and general $436,975 · fundraising $17,689

• 13 · Office expenses

  total $2,832,160 · program services $1,792,088 · management and general $819,243 · fundraising $220,829

• 14 · Information technology

  total $256,066 · program services $233,942 · management and general $22,124

• 16 · Occupancy

  total $5,591,343 · program services $5,573,331 · management and general $11,530 · fundraising $6,482

• 17 · Travel

  total $515,721 · program services $496,740 · management and general $18,981

• 19 · Conferences, conventions and meetings

  total $1,506,480 · program services $1,190,098 · management and general $265,317 · fundraising $51,065

• 20 · Interest

  total $1,848,972 · management and general $1,846,735 · fundraising $2,237

• 22 · Depreciation, depletion and amortization

  total $6,762,452 · management and general $6,762,452

• 23 · Insurance

  total $1,253,403 · management and general $1,253,403

• 24a · Other expenses: MAINTENANCE

  total $692,766 · program services $679,488 · management and general $13,178 · fundraising $100

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,613,993 · end of year $871,304

• 3 · Pledges and grants receivable

  beginning of year $2,989,420 · end of year $1,885,177

• 4 · Accounts receivable

  beginning of year $3,121,457 · end of year $4,939,049

• 7 · Other notes and loans receivable

  beginning of year $1,030,531 · end of year $1,720,423

• 8 · Inventories for sale or use

  beginning of year $199,384 · end of year $201,389

• 9 · Prepaid expenses and deferred charges

  beginning of year $851,224 · end of year $812,507

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

  $412,804,633

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

  $168,157,642

• 10c · Land, buildings and equipment, net

  beginning of year $238,887,521 · end of year $244,646,991

• 12 · Investments: other securities

  beginning of year $47,842,082 · end of year $47,509,248

• 15 · Other assets

  beginning of year $5,356,808 · end of year $2,792,276

• 17 · Accounts payable and accrued expenses

  beginning of year $7,280,983 · end of year $5,926,887

• 19 · Deferred revenue

  beginning of year $1,902,523 · end of year $1,984,523

• 20 · Tax-exempt bond liabilities

  beginning of year $22,168,789 · end of year $23,690,420

• 23 · Secured mortgages and notes payable

  beginning of year $3,108,563 · end of year $2,273,996

• 24 · Unsecured notes and loans payable

  beginning of year $1,537,008 · end of year $1,218,035

• 25 · Other liabilities

  beginning of year $1,660,376 · end of year $3,190,652

• 27 · Net assets without donor restrictions

  beginning of year $38,434,186 · end of year $30,872,568

• 28 · Net assets with donor restrictions

  beginning of year $228,799,992 · end of year $236,221,283

The filer's explanations (Part III)

PART I, LINE 1A

PRESIDENT IS CONTRACTUALLY REQUIRED TO RESIDE ON CAMPUS. PRESIDENT'S RESIDENCE IS ALSO USED FOR VARIOUS UNIVERSITY AND BOARD FUNCTIONS. HOUSEKEEPING AND MAINTENANCE ARE PROVIDED FOR BY THE UNIVERSITY AND ARE DEEMED NONTAXABLE.