Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $12,988,154

• 1e · Government grants (contributions)

  $6,105,584

• 1f · All other contributions, gifts and grants

  $1,601

• 1g · Noncash contributions included above

  $1,601

• 2a · Program service revenue: STUDENT TUITION

  total $39,676,197 · related or exempt $39,676,197

• 2b · Program service revenue: AUXILIARY INCOME

  total $6,527,451 · related or exempt $6,527,451

• 3 · Investment income

  total $35,142 · excluded $35,142

• 5 · Royalties

  total $3,637 · excluded $3,637

• 11a · Other revenue: CONFERENCE/EVENTS

  total $530,486 · unrelated business $530,486

• 11d · All other revenue

  total $33,238 · related or exempt $33,238

• 11e · Other revenue, total

  $563,724

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $18,153,331 · program services $18,153,331

• 5 · Compensation of officers, directors and key employees

  total $884,322 · program services $170,284 · management and general $537,946 · fundraising $176,092

• 6 · Compensation of disqualified persons

  total $211,002 · program services $176,730 · management and general $34,272

• 7 · Other salaries and wages

  total $15,225,347 · program services $14,119,201 · management and general $665,307 · fundraising $440,839

• 8 · Pension plan contributions

  total $123,209 · program services $116,254 · management and general $5,089 · fundraising $1,866

• 9 · Other employee benefits

  total $3,410,687 · program services $3,092,100 · management and general $216,673 · fundraising $101,914

• 10 · Payroll taxes

  total $1,135,383 · program services $1,010,789 · management and general $83,377 · fundraising $41,217

• 11b · Fees: legal

  total $44,745 · management and general $44,745

• 11c · Fees: accounting

  total $222,958 · management and general $222,958

• 11g · Fees: other

  total $2,880,359 · program services $2,436,497 · management and general $260,561 · fundraising $183,301

• 12 · Advertising and promotion

  total $596,790 · program services $576,611 · management and general $9,679 · fundraising $10,500

• 13 · Office expenses

  total $1,472,887 · program services $1,266,155 · management and general $116,533 · fundraising $90,199

• 14 · Information technology

  total $1,099,749 · program services $979,066 · management and general $80,760 · fundraising $39,923

• 16 · Occupancy

  total $1,773,959 · program services $1,716,128 · management and general $40,735 · fundraising $17,096

• 17 · Travel

  total $1,324,752 · program services $1,221,733 · management and general $71,119 · fundraising $31,900

• 19 · Conferences, conventions and meetings

  total $69,912 · program services $36,192 · management and general $23,075 · fundraising $10,645

• 20 · Interest

  total $1,322,168 · program services $1,216,597 · management and general $85,809 · fundraising $19,762

• 22 · Depreciation, depletion and amortization

  total $2,409,917 · program services $2,123,230 · management and general $223,039 · fundraising $63,648

• 23 · Insurance

  total $973,725 · program services $819,137 · management and general $121,845 · fundraising $32,743

• 24a · Other expenses: BOOKSTORE & OTHER COGS

  total $568,757 · program services $568,757

• 24b · Other expenses: CHARGES/FEES/TESTING

  total $546,183 · program services $503,587 · management and general $42,596

• 24c · Other expenses: LABOR/MATERIALS EXPENSE

  total $387,528 · program services $49,172 · management and general $337,634 · fundraising $722

• 24d · Other expenses: UBI TAXES

  total $30,000 · program services $30,000

• 24e · All other expenses

  total $534,855 · program services $425,697 · management and general $6,862 · fundraising $102,296

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $35,065 · end of year $9,468

• 2 · Savings and temporary cash investments

  beginning of year $1,631,763 · end of year $1,692,871

• 4 · Accounts receivable

  beginning of year $4,895,744 · end of year $5,002,268

• 8 · Inventories for sale or use

  beginning of year $77,422 · end of year $62,369

• 9 · Prepaid expenses and deferred charges

  beginning of year $323,784 · end of year $250,407

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

  $103,580,906

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

  $45,510,360

• 10c · Land, buildings and equipment, net

  beginning of year $48,563,050 · end of year $58,070,546

• 13 · Investments: program-related

  beginning of year $206,313 · end of year $155,763

• 15 · Other assets

  beginning of year $915,903 · end of year $924,603

• 17 · Accounts payable and accrued expenses

  beginning of year $2,080,713 · end of year $3,356,083

• 19 · Deferred revenue

  beginning of year $848,973 · end of year $1,027,552

• 23 · Secured mortgages and notes payable

  beginning of year $14,309,470 · end of year $17,759,089

• 25 · Other liabilities

  beginning of year $8,702,327 · end of year $2,792,874

• 27 · Net assets without donor restrictions

  beginning of year $27,432,952 · end of year $28,870,103

• 28 · Net assets with donor restrictions

  beginning of year $3,274,609 · end of year $12,362,594

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT'S WIFE ACCOMPANIES THE PRESIDENT, DR. DAVID J. SPITTAL, TO CHURCH EVENTS AND UNIVERSITY ENGAGEMENTS. THIS IS A NONTAXABLE BENEFIT FOR THE PRESIDENT BECAUSE IT IS FOR A BONA FIDE BUSINESS PURPOSE.

PART I, LINE 7

THE ORGANIZATION MADE NONFIXED PAYMENTS IN THE FORM OF DISCRETIONARY BONUSES.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUST (1)

  T · CRUT · KS · controlled entity

  Directly controlled by MIDAMERICA NAZARENE UNIVERSITY

• CHURCH OF THE NAZARENE FOUNDATION

  T · PERPETUAL TRUST · KS · 100% owned · share of income $21,890 · share of assets $484,965 · controlled entity

  Directly controlled by MIDAMERICA NAZARENE UNIVERSITY