Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $82,490

• 1e · Government grants (contributions)

  $186,888

• 1f · All other contributions, gifts and grants

  $7,670,041

• 1g · Noncash contributions included above

  $596,670

• 2a · Program service revenue: TUITION & FEES

  total $27,532,586 · related or exempt $27,532,586

• 2b · Program service revenue: AUXILIARY SERVICES

  total $7,634,287 · related or exempt $7,634,287

• 2c · Program service revenue: STUDENT SUPPORT

  total $696,162 · related or exempt $696,162

• 3 · Investment income

  total $4,088,245 · excluded $4,088,245

• 7a · Gross sales of assets other than inventory

  securities $8,649,037

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

  securities $9,315,909

• 7c · Gain or loss

  securities -$666,872

• 7d · Net gain or loss

  total -$666,872 · excluded -$666,872

• 8a · Fundraising events: gross income

  $53,437

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

  $82,490

• 8b · Fundraising events: direct expenses

  $45,329

• 8c · Net income from fundraising events

  total $8,108 · excluded $8,108

• 11a · Other revenue: INCOME (LOSS) FROM PAR

  total $46,050 · unrelated business $46,050

• 11b · Other revenue: INCOME (LOSS) FROM REC

  total -$8,423 · unrelated business -$8,423

• 11e · Other revenue, total

  $37,627

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $16,223,877 · program services $16,223,877

• 3 · Grants to foreign organizations and individuals

  total $1,552,573 · program services $1,552,573

• 5 · Compensation of officers, directors and key employees

  total $410,700 · program services $350,158 · management and general $38,917 · fundraising $21,625

• 7 · Other salaries and wages

  total $10,302,052 · program services $8,783,416 · management and general $976,192 · fundraising $542,444

• 8 · Pension plan contributions

  total $402,071 · program services $342,801 · management and general $38,099 · fundraising $21,171

• 9 · Other employee benefits

  total $2,273,940 · program services $1,938,738 · management and general $215,470 · fundraising $119,732

• 10 · Payroll taxes

  total $746,115 · program services $636,129 · management and general $70,700 · fundraising $39,286

• 11b · Fees: legal

  total $5,849 · management and general $5,849

• 11c · Fees: accounting

  total $105,395 · management and general $105,395

• 11g · Fees: other

  total $1,088,430 · program services $708,216 · management and general $340,914 · fundraising $39,300

• 13 · Office expenses

  total $4,590,238 · program services $4,415,710 · management and general $85,486 · fundraising $89,042

• 16 · Occupancy

  total $2,062,357 · program services $2,061,452 · management and general $905

• 17 · Travel

  total $751,697 · program services $691,025 · management and general $37,085 · fundraising $23,587

• 20 · Interest

  total $838,578 · program services $806,910 · management and general $25,434 · fundraising $6,234

• 22 · Depreciation, depletion and amortization

  total $1,956,008 · program services $1,785,145 · management and general $156,689 · fundraising $14,174

• 23 · Insurance

  total $528,084 · program services $359,429 · management and general $168,655

• 24a · Other expenses: STUDENT MEALS

  total $2,515,103 · program services $2,488,765 · management and general $9,760 · fundraising $16,578

• 24b · Other expenses: OTHER EXPENSE

  total $330,069 · program services $151,969 · management and general $168,233 · fundraising $9,867

• 24c · Other expenses: FACULTY AND STUDENT REC

  total $308,675 · program services $170,279 · management and general $3,771 · fundraising $134,625

• 24d · Other expenses: DUE AND SUBSCRIPTIONS

  total $280,629 · program services $194,016 · management and general $70,394 · fundraising $16,219

• 24e · All other expenses

  total $313,857 · program services $115,962 · management and general $8,898 · fundraising $188,997

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,588,767 · end of year $1,286,829

• 3 · Pledges and grants receivable

  beginning of year $70,657 · end of year $4,123,685

• 4 · Accounts receivable

  beginning of year $132,897 · end of year $113,044

• 9 · Prepaid expenses and deferred charges

  end of year $265,156

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

  $106,701,861

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

  $50,541,069

• 10c · Land, buildings and equipment, net

  beginning of year $56,567,258 · end of year $56,160,792

• 11 · Investments: publicly traded securities

  beginning of year $39,850,360 · end of year $43,673,491

• 12 · Investments: other securities

  beginning of year $77,747,434 · end of year $82,955,738

• 13 · Investments: program-related

  beginning of year $1,229,122 · end of year $1,128,396

• 15 · Other assets

  beginning of year $450,412 · end of year $1,062,423

• 17 · Accounts payable and accrued expenses

  beginning of year $1,475,423 · end of year $1,266,188

• 19 · Deferred revenue

  beginning of year $884,412 · end of year $1,092,929

• 23 · Secured mortgages and notes payable

  beginning of year $22,366,463 · end of year $21,987,267

• 25 · Other liabilities

  beginning of year $681,757 · end of year $1,110,526

• 27 · Net assets without donor restrictions

  beginning of year $52,806,631 · end of year $54,741,923

• 28 · Net assets with donor restrictions

  beginning of year $99,422,221 · end of year $110,570,721

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT OF THE COLLEGE IS PROVIDED WITH A RESIDENCE ON ITS CAMPUS AS A CONDITION OF EMPLOYMENT TO PERFORM RESPONSIBILITIES INTEGRALLY RELATED TO HIS RESPONSIBILITIES. ACCORDINGLY, THE VALUE OF THIS HOUSING IS NOT INCLUDED IN TAXABLE COMPENSATION.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• YOUNG HARRIS COLLEGE REAL ESTATE LLC

  RELATED · COLLEGE FACILITIES (ROLLINS CAMPUS CENTER) · GA · 99.95% owned · share of income -$413,545 · share of assets $3,700,791 · general or managing partner

  Directly controlled by YOUNG HARRIS COLLEGE