Form 990 for tax year 2023

1c · Fundraising events

$1,091,096

1d · Related organizations

$1,293,326

1e · Government grants (contributions)

$527,981

1f · All other contributions, gifts and grants

$10,687,447

1g · Noncash contributions included above

$3,317,419

2a · Program service revenue: Tuition and Fees

total $37,957,649 · related or exempt $37,957,649

2b · Program service revenue: Room and Board

total $8,430,277 · related or exempt $8,429,453 · unrelated business $824

2c · Program service revenue: Athletics

total $1,398,628 · related or exempt $1,398,628

2d · Program service revenue: Academics

total $138,449 · related or exempt $138,449

2e · Program service revenue: Other Student Services

total $118,655 · related or exempt $118,655

3 · Investment income

total $1,167,502 · excluded $1,167,502

7a · Gross sales of assets other than inventory

securities $16,967,193

7b · Less cost or other basis and sales expenses

securities $7,162,833 · other assets $89,598

7c · Gain or loss

securities $9,804,360 · other assets -$89,598

7d · Net gain or loss

total $9,714,762 · excluded $9,714,762

8a · Fundraising events: gross income

$271,256

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

$1,091,096

8b · Fundraising events: direct expenses

$183,021

8c · Net income from fundraising events

total $88,235 · excluded $88,235

9a · Gaming: gross income

$58,241

9b · Gaming: direct expenses

$47,799

9c · Net income from gaming

total $10,442 · excluded $10,442

2 · Grants to domestic individuals

total $28,329,431 · program services $28,329,431

5 · Compensation of officers, directors and key employees

total $1,588,604 · program services $227,437 · management and general $972,963 · fundraising $388,204

7 · Other salaries and wages

total $14,797,059 · program services $13,501,394 · management and general $1,052,374 · fundraising $243,291

8 · Pension plan contributions

total $716,085 · program services $674,496 · management and general $35,908 · fundraising $5,681

9 · Other employee benefits

total $2,934,789 · program services $2,550,983 · management and general $310,137 · fundraising $73,669

10 · Payroll taxes

total $1,101,739 · program services $932,258 · management and general $130,394 · fundraising $39,087

11f · Fees: investment management

total $199,352 · management and general $199,352

11g · Fees: other

total $4,989,849 · program services $4,721,003 · management and general $268,846

12 · Advertising and promotion

total $472,385 · program services $288,056 · management and general $184,329

13 · Office expenses

total $1,426,879 · program services $1,343,690 · management and general $50,124 · fundraising $33,065

16 · Occupancy

total $1,290,819 · program services $1,199,814 · management and general $91,005

17 · Travel

total $2,899,167 · program services $2,760,247 · management and general $138,920

20 · Interest

total $1,728,787 · program services $26,354 · management and general $1,702,433

22 · Depreciation, depletion and amortization

total $3,184,573 · program services $2,483,116 · management and general $701,457

23 · Insurance

total $544,283 · program services $124 · management and general $544,159

24a · Other expenses: Repairs and Maintenance

total $1,368,554 · program services $1,298,249 · management and general $70,305

24b · Other expenses: Subscription and Librar

total $1,246,440 · program services $830,712 · management and general $415,728

24c · Other expenses: Student Organizations

total $377,250 · program services $377,250

24e · All other expenses

total $282,052 · management and general $282,052

1 · Cash, non-interest-bearing

beginning of year $3,183,254 · end of year $7,825,311

3 · Pledges and grants receivable

beginning of year $4,231,233 · end of year $3,262,755

4 · Accounts receivable

beginning of year $132,466 · end of year $53,721

8 · Inventories for sale or use

beginning of year $106,304 · end of year $89,066

9 · Prepaid expenses and deferred charges

beginning of year $658,044 · end of year $284,368

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

$131,475,010

10b · Land, buildings and equipment: accumulated depreciation

$53,881,991

10c · Land, buildings and equipment, net

beginning of year $76,978,051 · end of year $77,593,019

11 · Investments: publicly traded securities

beginning of year $86,988,775 · end of year $94,620,077

12 · Investments: other securities

beginning of year $6,207,470 · end of year $5,497,523

13 · Investments: program-related

beginning of year $10,252 · end of year $8,631

15 · Other assets

beginning of year $509,473 · end of year $110,805

17 · Accounts payable and accrued expenses

beginning of year $2,977,388 · end of year $4,149,301

19 · Deferred revenue

beginning of year $324,007 · end of year $209,133

20 · Tax-exempt bond liabilities

beginning of year $18,969,865 · end of year $26,135,697

22 · Loans and payables to officers and key people

beginning of year $625,000 · end of year $600,000

23 · Secured mortgages and notes payable

beginning of year $535,000 · end of year $560,000

25 · Other liabilities

beginning of year $1,330,247 · end of year $1,030,614

27 · Net assets without donor restrictions

beginning of year $64,350,719 · end of year $55,908,852

28 · Net assets with donor restrictions

beginning of year $89,893,096 · end of year $100,751,679

Charitable Remainder Trust (1)

T · Investment Management · ID