Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $5,000

• 1c · Fundraising events

  $7,789

• 1e · Government grants (contributions)

  $1,198,538

• 1f · All other contributions, gifts and grants

  $6,482,704

• 1g · Noncash contributions included above

  $440,136

• 2a · Program service revenue: TUITION & FEES

  total $64,298,510 · related or exempt $64,298,510

• 2b · Program service revenue: ROOM & BOARD

  total $15,724,114 · related or exempt $15,724,114

• 2c · Program service revenue: AUXILIARY ENTERPRISES

  total $1,284,294 · related or exempt $943,639 · unrelated business $340,655

• 2d · Program service revenue: HIGH CENTER MEMBERSHIP DUES

  total $1,262,969 · related or exempt $1,262,969

• 2e · Program service revenue: HUMAN PERFORMANCE LAB

  total $1,954 · related or exempt $1,954

• 3 · Investment income

  total $1,313,081 · unrelated business $296,490 · excluded $1,016,591

• 6a · Gross rents

  real property $997,514

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $997,514

• 6d · Net rental income or loss

  total $997,514 · unrelated business $844,785 · excluded $152,729

• 7a · Gross sales of assets other than inventory

  other assets $22,000

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

  other assets $0

• 7c · Gain or loss

  other assets $22,000

• 7d · Net gain or loss

  total $22,000 · excluded $22,000

• 8a · Fundraising events: gross income

  $34,151

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

  $7,789

• 8b · Fundraising events: direct expenses

  $21,138

• 8c · Net income from fundraising events

  total $13,013 · excluded $13,013

• 9a · Gaming: gross income

  $18,122

• 9b · Gaming: direct expenses

  $5,406

• 9c · Net income from gaming

  total $12,716 · excluded $12,716

• 10a · Gross sales of inventory

  $1,314,220

• 10b · Cost of goods sold

  $1,034,602

• 10c · Net income from sales of inventory

  total $279,618 · excluded $279,618

• 11a · Other revenue: REBATES

  total $146,540 · excluded $146,540

• 11b · Other revenue: ONLINE EDUC. COURSES

  total $45,005 · related or exempt $45,005

• 11d · All other revenue

  total $18,455 · excluded $18,455

• 11e · Other revenue, total

  $210,000

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $29,120,084 · program services $29,120,084

• 5 · Compensation of officers, directors and key employees

  total $2,104,540 · program services $319,618 · management and general $1,340,749 · fundraising $444,173

• 7 · Other salaries and wages

  total $29,076,919 · program services $23,843,074 · management and general $4,652,307 · fundraising $581,538

• 8 · Pension plan contributions

  total $2,161,165 · program services $1,772,155 · management and general $324,175 · fundraising $64,835

• 9 · Other employee benefits

  total $7,763,201 · program services $6,365,825 · management and general $1,164,480 · fundraising $232,896

• 10 · Payroll taxes

  total $2,154,604 · program services $1,766,775 · management and general $323,191 · fundraising $64,638

• 11b · Fees: legal

  total $25,880 · management and general $25,880

• 11c · Fees: accounting

  total $108,954 · management and general $108,954

• 11f · Fees: investment management

  total $47,623 · management and general $47,623

• 11g · Fees: other

  total $104,041 · management and general $104,041

• 12 · Advertising and promotion

  total $1,155,792 · program services $1,155,792

• 13 · Office expenses

  total $1,813,772 · program services $1,378,467 · management and general $399,030 · fundraising $36,275

• 14 · Information technology

  total $1,381,247 · program services $1,049,748 · management and general $317,687 · fundraising $13,812

• 16 · Occupancy

  total $3,634,198 · program services $3,488,830 · management and general $109,026 · fundraising $36,342

• 17 · Travel

  total $476,417 · program services $366,841 · management and general $71,463 · fundraising $38,113

• 19 · Conferences, conventions and meetings

  total $67,905 · program services $51,608 · management and general $14,939 · fundraising $1,358

• 20 · Interest

  total $3,319,962 · program services $3,319,962

• 22 · Depreciation, depletion and amortization

  total $6,369,861 · program services $6,115,066 · management and general $191,096 · fundraising $63,699

• 23 · Insurance

  total $791,307 · program services $759,655 · management and general $23,739 · fundraising $7,913

• 24a · Other expenses: CONTRACTED SERVICES

  total $3,972,645 · program services $3,058,937 · management and general $873,982 · fundraising $39,726

• 24b · Other expenses: COST OF FOOD

  total $2,549,785 · program services $2,549,785

• 24c · Other expenses: STUDENT PROGRAMS

  total $2,058,013 · program services $2,058,013

• 24d · Other expenses: ADMISSION

  total $851,000 · program services $646,760 · management and general $195,730 · fundraising $8,510

• 24e · All other expenses

  total $6,173,993 · program services $5,116,277 · management and general $963,123 · fundraising $94,593

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,102,554 · end of year $3,501,733

• 2 · Savings and temporary cash investments

  beginning of year $29,862,244 · end of year $11,677,604

• 3 · Pledges and grants receivable

  beginning of year $2,127,658 · end of year $1,706,611

• 4 · Accounts receivable

  beginning of year $1,785,831 · end of year $1,668,491

• 7 · Other notes and loans receivable

  beginning of year $357,855 · end of year $259,037

• 8 · Inventories for sale or use

  beginning of year $498,115 · end of year $424,691

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,153,760 · end of year $1,419,283

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

  $195,702,118

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

  $100,453,301

• 10c · Land, buildings and equipment, net

  beginning of year $96,176,592 · end of year $95,248,817

• 11 · Investments: publicly traded securities

  beginning of year $20,057,748 · end of year $31,577,568

• 12 · Investments: other securities

  beginning of year $77,906,910 · end of year $75,109,693

• 15 · Other assets

  beginning of year $1,717,374 · end of year $1,828,748

• 17 · Accounts payable and accrued expenses

  beginning of year $1,986,457 · end of year $4,161,826

• 20 · Tax-exempt bond liabilities

  beginning of year $56,783,967 · end of year $56,807,640

• 21 · Escrow or custodial account liability

  beginning of year $3,218,915 · end of year $3,203,766

• 23 · Secured mortgages and notes payable

  beginning of year $1,717,374 · end of year $1,828,748

• 25 · Other liabilities

  beginning of year $19,423,675 · end of year $17,872,293

• 27 · Net assets without donor restrictions

  beginning of year $53,916,993 · end of year $43,724,097

• 28 · Net assets with donor restrictions

  beginning of year $95,699,260 · end of year $96,823,906

The filer's explanations (Part III)

PART I, LINE 1A

VP FOR ENROLLMENT, JOHN CHAMPOLI RECEIVED ON-CAMPUS HOUSING. BEGINNING IN JANUARY 2022, THE VALUE OF THE HOUSING WAS ASSIGNED A FAIR MARKET VALUE AND WAS INCLUDED IN COMPENSATION FOR CALENDAR YEAR 2022.