Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $78,487

• 1e · Government grants (contributions)

  $158,296

• 1f · All other contributions, gifts and grants

  $3,594,430

• 1g · Noncash contributions included above

  $243,443

• 2a · Program service revenue: TUITION & FEES

  total $40,792,263 · related or exempt $40,792,263

• 2b · Program service revenue: AUXILIARY SERVICES

  total $5,121,460 · related or exempt $5,121,460

• 2c · Program service revenue: FEES & ASSESSMENTS

  total $1,129,063 · related or exempt $1,129,063

• 3 · Investment income

  total $929,893 · unrelated business $28,958 · excluded $900,935

• 7a · Gross sales of assets other than inventory

  securities $22,942,581

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

  securities $21,921,844

• 7c · Gain or loss

  securities $1,020,737

• 7d · Net gain or loss

  total $1,020,737 · excluded $1,020,737

• 8a · Fundraising events: gross income

  $12,749

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

  $78,487

• 8b · Fundraising events: direct expenses

  $21,516

• 8c · Net income from fundraising events

  total -$8,767 · excluded -$8,767

• 9a · Gaming: gross income

  $11,475

• 9b · Gaming: direct expenses

  $4,524

• 9c · Net income from gaming

  total $6,951 · excluded $6,951

• 11a · Other revenue: INSURANCE PROCEEDS

  total $237,169 · excluded $237,169

• 11e · Other revenue, total

  $237,169

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $19,716,849 · program services $19,716,849

• 3 · Grants to foreign organizations and individuals

  total $3,186,767 · program services $3,186,767

• 5 · Compensation of officers, directors and key employees

  total $896,136 · management and general $806,522 · fundraising $89,614

• 7 · Other salaries and wages

  total $14,749,874 · program services $13,536,768 · management and general $685,034 · fundraising $528,072

• 8 · Pension plan contributions

  total $573,289 · program services $538,436 · management and general $15,189 · fundraising $19,664

• 9 · Other employee benefits

  total $1,246,428 · program services $1,153,579 · management and general $48,901 · fundraising $43,948

• 10 · Payroll taxes

  total $1,076,419 · program services $938,555 · management and general $95,875 · fundraising $41,989

• 11b · Fees: legal

  total $32,839 · management and general $32,839

• 11c · Fees: accounting

  total $133,400 · management and general $133,400

• 11e · Fees: professional fundraising services

  total $112,000 · fundraising $112,000

• 11f · Fees: investment management

  total $143,588 · management and general $143,588

• 11g · Fees: other

  total $3,635,899 · program services $3,006,736 · management and general $574,047 · fundraising $55,116

• 12 · Advertising and promotion

  total $1,355,883 · program services $869,205 · management and general $481,501 · fundraising $5,177

• 13 · Office expenses

  total $366,179 · program services $324,821 · management and general $33,191 · fundraising $8,167

• 14 · Information technology

  total $42,430 · program services $27,200 · management and general $15,068 · fundraising $162

• 16 · Occupancy

  total $1,458,429 · program services $1,302,235 · management and general $133,064 · fundraising $23,130

• 17 · Travel

  total $221,403 · program services $218,168 · management and general $890 · fundraising $2,345

• 19 · Conferences, conventions and meetings

  total $153,019 · program services $98,095 · management and general $54,340 · fundraising $584

• 20 · Interest

  total $541,681 · program services $524,293 · management and general $14,320 · fundraising $3,068

• 22 · Depreciation, depletion and amortization

  total $2,703,208 · program services $2,616,435 · management and general $71,460 · fundraising $15,313

• 23 · Insurance

  total $514,659 · program services $456,532 · management and general $46,649 · fundraising $11,478

• 24a · Other expenses: ATHLETICS

  total $1,434,526 · program services $919,620 · management and general $509,429 · fundraising $5,477

• 24b · Other expenses: EQUIP, SUPPLIES, MAINT.

  total $742,915 · program services $732,059 · management and general $2,987 · fundraising $7,869

• 24c · Other expenses: BAD DEBT

  total $410,942 · program services $263,439 · management and general $145,934 · fundraising $1,569

• 24d · Other expenses: MEMBERSHIP & JOURNALS

  total $162,779 · program services $104,351 · management and general $57,806 · fundraising $622

• 24e · All other expenses

  total $569,823 · program services $377,363 · management and general $190,211 · fundraising $2,249

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,500 · end of year $2,500

• 2 · Savings and temporary cash investments

  beginning of year $10,351,795 · end of year $9,935,500

• 3 · Pledges and grants receivable

  beginning of year $1,649,965 · end of year $843,558

• 4 · Accounts receivable

  beginning of year $1,562,426 · end of year $815,430

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,383,579 · end of year $1,256,420

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

  $88,644,205

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

  $43,982,649

• 10c · Land, buildings and equipment, net

  beginning of year $47,584,613 · end of year $44,661,556

• 11 · Investments: publicly traded securities

  beginning of year $24,611,770 · end of year $25,832,183

• 12 · Investments: other securities

  beginning of year $11,045,214 · end of year $13,453,665

• 13 · Investments: program-related

  beginning of year $292,095 · end of year $355,090

• 15 · Other assets

  beginning of year $2,457,111 · end of year $3,001,289

• 17 · Accounts payable and accrued expenses

  beginning of year $1,886,671 · end of year $2,164,618

• 19 · Deferred revenue

  beginning of year $346,402 · end of year $344,852

• 20 · Tax-exempt bond liabilities

  beginning of year $12,710,780 · end of year $12,320,933

• 23 · Secured mortgages and notes payable

  beginning of year $107,143 · end of year $85,714

• 25 · Other liabilities

  beginning of year $475,574 · end of year $377,124

• 27 · Net assets without donor restrictions

  beginning of year $46,442,609 · end of year $42,156,634

• 28 · Net assets with donor restrictions

  beginning of year $38,971,889 · end of year $42,707,316

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT AND VP FOR DEVELOPMENT HAVE COUNTRY CLUB MEMBERSHIPS PAID FOR BY THE UNIVERSITY AS PART OF THEIR REGULAR JOB RESPONSIBILITIES. THE UNIVERSITY'S FACILITIES WERE USED IN CARRYING OUT THESE RESPONSIBILITIES. THIS BENEFIT WAS NOT INCLUDED IN THEIR TAXABLE COMPENSATION.