Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,398,203

• 1f · All other contributions, gifts and grants

  $5,161,876

• 1g · Noncash contributions included above

  $153,922

• 2a · Program service revenue: TUITION AND FEES

  total $41,514,339 · related or exempt $41,514,339

• 2b · Program service revenue: RESIDENCE HALLS

  total $3,226,663 · related or exempt $3,226,663

• 2c · Program service revenue: DINING HALL

  total $3,089,259 · related or exempt $3,089,259

• 2d · Program service revenue: BOOKSTORE

  total $223,276 · related or exempt $64,567 · unrelated business $158,709

• 3 · Investment income

  total $1,256,382 · excluded $1,256,382

• 6a · Gross rents

  real property $42,700

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $42,700

• 6d · Net rental income or loss

  total $42,700 · related or exempt $42,700

• 7a · Gross sales of assets other than inventory

  securities $3,456,416 · other assets $9,314

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

  securities $3,440,229 · other assets $0

• 7c · Gain or loss

  securities $16,187 · other assets $9,314

• 7d · Net gain or loss

  total $25,501 · excluded $25,501

• 11a · Other revenue: MISCELLANEOUS

  total $583,537 · related or exempt $583,537

• 11e · Other revenue, total

  $583,537

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $19,302,123 · program services $19,302,123

• 5 · Compensation of officers, directors and key employees

  total $1,506,618 · program services $937,590 · management and general $415,782 · fundraising $153,246

• 7 · Other salaries and wages

  total $17,903,199 · program services $16,196,651 · management and general $1,301,542 · fundraising $405,006

• 8 · Pension plan contributions

  total $887,409 · program services $642,724 · management and general $220,988 · fundraising $23,697

• 9 · Other employee benefits

  total $2,881,301 · program services $2,589,620 · management and general $201,875 · fundraising $89,806

• 10 · Payroll taxes

  total $1,219,714 · program services $1,119,982 · management and general $69,738 · fundraising $29,994

• 11b · Fees: legal

  total $17,044 · program services $5,840 · management and general $11,204

• 11c · Fees: accounting

  total $98,252 · management and general $98,252

• 11f · Fees: investment management

  total $37,553 · management and general $37,553

• 11g · Fees: other

  total $69,516 · program services $41,599 · management and general $18,702 · fundraising $9,215

• 12 · Advertising and promotion

  total $289,485 · program services $131,186 · management and general $147,482 · fundraising $10,817

• 13 · Office expenses

  total $1,099,048 · program services $893,374 · management and general $154,344 · fundraising $51,330

• 16 · Occupancy

  total $1,640,447 · program services $1,420,194 · management and general $219,405 · fundraising $848

• 17 · Travel

  total $1,874,285 · program services $1,474,583 · management and general $318,738 · fundraising $80,964

• 20 · Interest

  total $102,944 · program services $102,944

• 22 · Depreciation, depletion and amortization

  total $2,864,490 · program services $2,494,080 · management and general $370,410

• 23 · Insurance

  total $531,840 · management and general $531,840

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $1,717,205 · program services $1,303,186 · management and general $414,019

• 24b · Other expenses: FOOD SERVICE

  total $1,613,117 · program services $1,583,673 · management and general $28,655 · fundraising $789

• 24c · Other expenses: OTHER EXPENSE

  total $1,390,901 · program services $1,110,908 · management and general $278,470 · fundraising $1,523

• 24d · Other expenses: DUES AND MEMBERSHIP

  total $613,583 · program services $486,300 · management and general $109,739 · fundraising $17,544

• 24e · All other expenses

  total $160,178 · program services $78,621 · management and general $79,328 · fundraising $2,229

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $37,076,559 · end of year $31,401,625

• 3 · Pledges and grants receivable

  beginning of year $2,864,433 · end of year $3,119,221

• 4 · Accounts receivable

  beginning of year $597,546 · end of year $961,608

• 8 · Inventories for sale or use

  beginning of year $193,673 · end of year $238,296

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

  $95,073,137

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

  $48,763,409

• 10c · Land, buildings and equipment, net

  beginning of year $43,326,084 · end of year $46,309,728

• 11 · Investments: publicly traded securities

  beginning of year $51,048,439 · end of year $60,544,585

• 12 · Investments: other securities

  beginning of year $19,394,953 · end of year $16,291,130

• 15 · Other assets

  beginning of year $2,608,705 · end of year $3,345,206

• 17 · Accounts payable and accrued expenses

  beginning of year $2,346,688 · end of year $3,507,082

• 19 · Deferred revenue

  beginning of year $3,116,065 · end of year $2,974,224

• 20 · Tax-exempt bond liabilities

  beginning of year $4,540,000 · end of year $4,085,000

• 25 · Other liabilities

  beginning of year $377,622 · end of year $1,080,099

• 27 · Net assets without donor restrictions

  beginning of year $90,331,405 · end of year $91,807,300

• 28 · Net assets with donor restrictions

  beginning of year $56,398,612 · end of year $58,757,694

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT'S RESIDENCE IS USED FOR BUSINESS PURPOSES AND TO FURTHER THE MISSION OF CENTRAL METHODIST UNIVERSITY. THE PRESIDENT IS REQUIRED TO RESIDE IN THE RESIDENCE AND HOST MANY EVENTS FOR FACULTY, STAFF, ALUMNI, BOARD MEMBERS, AND OTHERS.