Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $10,246,148

• 1f · All other contributions, gifts and grants

  $5,085,948

• 2a · Program service revenue: TUITION AND FEES

  total $62,571,694 · related or exempt $62,571,694

• 2b · Program service revenue: AUXILIARY REVENUE

  total $4,394,066 · related or exempt $4,394,066

• 3 · Investment income

  total $1,978,670 · excluded $1,978,670

• 7a · Gross sales of assets other than inventory

  securities $4,961,722

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

  securities $3,969,350

• 7c · Gain or loss

  securities $992,372

• 7d · Net gain or loss

  total $992,372 · excluded $992,372

• 11a · Other revenue: OTHER INCOME

  total $250,497 · excluded $250,497

• 11b · Other revenue: BOOKSTORE INCOME

  total $56,648 · excluded $56,648

• 11e · Other revenue, total

  $307,145

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $21,971,579 · program services $21,971,579

• 5 · Compensation of officers, directors and key employees

  total $2,173,009 · management and general $2,173,009

• 7 · Other salaries and wages

  total $28,076,407 · program services $25,556,747 · management and general $1,409,568 · fundraising $1,110,092

• 8 · Pension plan contributions

  total $1,043,291 · program services $881,442 · management and general $123,562 · fundraising $38,287

• 9 · Other employee benefits

  total $2,782,928 · program services $2,351,205 · management and general $329,595 · fundraising $102,128

• 10 · Payroll taxes

  total $2,072,987 · program services $1,751,400 · management and general $245,513 · fundraising $76,074

• 11a · Fees: management

  total $2,550 · program services $2,524 · management and general $26

• 11b · Fees: legal

  total $65,056 · management and general $65,056

• 11c · Fees: accounting

  total $137,491 · management and general $137,491

• 12 · Advertising and promotion

  total $804,967 · program services $600,548 · management and general $105,110 · fundraising $99,309

• 13 · Office expenses

  total $2,800,875 · program services $1,779,002 · management and general $245,108 · fundraising $776,765

• 14 · Information technology

  total $1,255,311 · program services $99,413 · management and general $1,117,710 · fundraising $38,188

• 16 · Occupancy

  total $6,851,616 · program services $5,741,671 · management and general $1,079,201 · fundraising $30,744

• 17 · Travel

  total $1,184,381 · program services $1,153,016 · management and general $30,368 · fundraising $997

• 19 · Conferences, conventions and meetings

  total $72,101 · management and general $72,101

• 20 · Interest

  total $60,255 · management and general $60,255

• 22 · Depreciation, depletion and amortization

  total $4,826,797 · program services $4,433,313 · management and general $345,979 · fundraising $47,505

• 23 · Insurance

  total $563,774 · program services $520,234 · management and general $40,240 · fundraising $3,300

• 24a · Other expenses: ALL OTHER

  total $1,293,622 · program services $2,450,352 · management and general $112,994 · fundraising -$1,269,724

• 24b · Other expenses: STUDENT SUPPORT

  total $1,209,529 · program services $1,209,529 · management and general $0 · fundraising $0

• 24c · Other expenses: INSTITUTIONAL SUPPORT

  total $1,185,832 · program services $0 · management and general $1,185,832 · fundraising $0

• 24d · Other expenses: BAD DEBT EXPENSE

  total $772,399 · program services $772,399 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $2,520,613 · program services $2,098,981 · management and general $360,541 · fundraising $61,091

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $11,890,379 · end of year $12,251,574

• 2 · Savings and temporary cash investments

  beginning of year $2,317,425 · end of year $2,358,641

• 3 · Pledges and grants receivable

  beginning of year $3,212,163 · end of year $4,023,797

• 4 · Accounts receivable

  beginning of year $2,964,854 · end of year $3,090,597

• 9 · Prepaid expenses and deferred charges

  beginning of year $545,701 · end of year $369,349

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

  $122,675,692

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

  $69,079,811

• 10c · Land, buildings and equipment, net

  beginning of year $55,042,628 · end of year $53,595,881

• 11 · Investments: publicly traded securities

  beginning of year $38,110,554 · end of year $43,757,468

• 15 · Other assets

  beginning of year $9,231,994 · end of year $27,378,980

• 17 · Accounts payable and accrued expenses

  beginning of year $4,696,855 · end of year $6,190,102

• 19 · Deferred revenue

  beginning of year $6,505,869 · end of year $4,367,632

• 20 · Tax-exempt bond liabilities

  beginning of year $19,414,801 · end of year $18,918,532

• 25 · Other liabilities

  beginning of year $5,287,053 · end of year $4,887,312

• 27 · Net assets without donor restrictions

  beginning of year $48,768,788 · end of year $50,295,725

• 28 · Net assets with donor restrictions

  beginning of year $38,642,332 · end of year $62,166,984

The filer's explanations (Part III)

PART I, LINE 1A

THE EXEMPT ORGANIZATION PAYS FOR HEALTH OR SOCIAL CLUB DUES ON BEHALF OF PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1A. AMOUNTS PAID ARE TO FACILITATE BUSINESS ACTIVITIES CONDUCTED BY SUCH PERSONS AT THE CLUB. CLUB DUES ARE PAID ON BEHALF OF LYNN BABINGTON AND ROY PANZARELLA. AS ALL DUES PAID ARE TO FACILITATE BUSINESS ACTIVITIES, THE CLUB DUES QUALIFY AS WORKING CONDITION FRINGE BENEFITS AND ARE NOT REQUIRED TO BE TREATED AS TAXABLE COMPENSATION.

PART I, LINE 1B

THE EXEMPT ORGANIZATION DOES NOT FOLLOW A WRITTEN POLICY SPECIFICALLY FOR HEALTH OR SOCIAL CLUB DUES. HOWEVER, WRITTEN DOCUMENTATION IS REQUIRED FOR ALL CHARGES INCURRED ON THE MONTHLY DUES STATEMENTS. ADDITIONALLY, ALL REIMBURSEMENTS ARE PAID DIRECTLY TO THE CLUB.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUST

  T · PROVIDE FUNDING TO SUPPORT ATHLETIC FACILITIES · HI · controlled entity

  Directly controlled by CHAMINADE UNIVERSITY OF HONOLULU