Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $45,140

• 1d · Related organizations

  $833,825

• 1e · Government grants (contributions)

  $25,074,964

• 1f · All other contributions, gifts and grants

  $7,140,754

• 1g · Noncash contributions included above

  $104,839

• 2a · Program service revenue: HOUSING, DINING & RESIDENTIAL LIF

  total $47,992,599 · related or exempt $47,992,599

• 2b · Program service revenue: COMMISSIONS AND SERVICE FEES

  total $3,387,305 · related or exempt $3,387,305

• 2c · Program service revenue: RADIO STATION FUNDING

  total $1,837,550 · related or exempt $1,837,550

• 2d · Program service revenue: ROU NONOPERATING REVENUE

  total $367,738 · related or exempt $367,738

• 3 · Investment income

  total $2,323,099 · excluded $2,323,099

• 6a · Gross rents

  real property $1,168,996

• 6b · Less rental expenses

  real property $1,539,722

• 6c · Rental income or loss

  real property -$370,726

• 6d · Net rental income or loss

  total -$370,726 · related or exempt -$17,694 · unrelated business -$104,180 · excluded -$248,852

• 7a · Gross sales of assets other than inventory

  securities $69,596,612

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

  securities $64,073,094 · other assets $60,190

• 7c · Gain or loss

  securities $5,523,518 · other assets -$60,190

• 7d · Net gain or loss

  total $5,463,328 · excluded $5,463,328

• 8a · Fundraising events: gross income

  $9,962

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

  $45,140

• 8b · Fundraising events: direct expenses

  $53,384

• 8c · Net income from fundraising events

  total -$43,422 · excluded -$43,422

• 10a · Gross sales of inventory

  $14,618,595

• 10b · Cost of goods sold

  $13,117,877

• 10c · Net income from sales of inventory

  total $1,500,718 · related or exempt $1,500,718

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $11,972,770 · program services $11,972,770

• 2 · Grants to domestic individuals

  total $1,132,952 · program services $1,132,952

• 5 · Compensation of officers, directors and key employees

  total $16,356 · program services $12,941 · management and general $3,415

• 7 · Other salaries and wages

  total $14,273,376 · program services $12,848,796 · management and general $898,451 · fundraising $526,129

• 8 · Pension plan contributions

  total $898,620 · program services $627,760 · management and general $222,406 · fundraising $48,454

• 9 · Other employee benefits

  total $2,908,944 · program services $2,134,038 · management and general $681,051 · fundraising $93,855

• 10 · Payroll taxes

  total $1,330,997 · program services $1,058,757 · management and general $224,930 · fundraising $47,310

• 11a · Fees: management

  total $494,383 · program services $494,383

• 11b · Fees: legal

  total $173,532 · program services $110,342 · management and general $63,190

• 11c · Fees: accounting

  total $102,845 · program services $13,900 · management and general $88,945

• 11f · Fees: investment management

  total $69,493 · program services $69,493

• 11g · Fees: other

  total $12,659,861 · program services $11,539,533 · management and general $1,118,741 · fundraising $1,587

• 12 · Advertising and promotion

  total $220,199 · program services $194,545 · management and general $24,930 · fundraising $724

• 13 · Office expenses

  total $1,669,237 · program services $1,605,668 · management and general $46,629 · fundraising $16,940

• 14 · Information technology

  total $1,052,978 · program services $592,141 · management and general $460,617 · fundraising $220

• 16 · Occupancy

  total $11,106,699 · program services $10,922,312 · management and general $184,387

• 17 · Travel

  total $746,445 · program services $716,013 · management and general $26,049 · fundraising $4,383

• 19 · Conferences, conventions and meetings

  total $776,593 · program services $706,121 · management and general $28,498 · fundraising $41,974

• 20 · Interest

  total $3,460,900 · program services $3,460,672 · management and general $228

• 21 · Payments to affiliates

  total $7,490 · management and general $7,490

• 22 · Depreciation, depletion and amortization

  total $9,915,375 · program services $9,541,726 · management and general $373,649

• 24a · Other expenses: MAINTENANCE

  total $11,669,267 · program services $11,549,073 · management and general $120,194

• 24b · Other expenses: STUDENT SERVICES

  total $1,907,961 · program services $1,907,933 · management and general $28

• 24c · Other expenses: OTHER EXPENSES

  total $276,008 · program services $274,493 · management and general $1,290 · fundraising $225

• 24d · Other expenses: NON-CAPITALIZED EQUIPME

  total $51,535 · program services $27,009 · management and general $24,526

• 24e · All other expenses

  total $94,066 · program services $53,279 · management and general $11,579 · fundraising $29,208

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,409,216 · end of year $3,310,560

• 2 · Savings and temporary cash investments

  beginning of year $3,494,940 · end of year $10,980,128

• 3 · Pledges and grants receivable

  beginning of year $8,738,176 · end of year $10,339,289

• 4 · Accounts receivable

  beginning of year $3,770,261 · end of year $6,989,354

• 7 · Other notes and loans receivable

  end of year $204,972

• 9 · Prepaid expenses and deferred charges

  beginning of year $164,736 · end of year $298,822

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

  $216,681,067

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

  $79,263,469

• 10c · Land, buildings and equipment, net

  beginning of year $135,430,289 · end of year $137,417,598

• 11 · Investments: publicly traded securities

  beginning of year $54,315,359 · end of year $39,278,361

• 14 · Intangible assets

  beginning of year $61,906 · end of year $150,140

• 15 · Other assets

  beginning of year $9,776,245 · end of year $11,172,792

• 17 · Accounts payable and accrued expenses

  beginning of year $11,936,633 · end of year $10,832,133

• 19 · Deferred revenue

  beginning of year $6,965,133 · end of year $6,891,907

• 25 · Other liabilities

  beginning of year $132,356,850 · end of year $128,032,988

• 29 · Capital stock, trust principal or current funds

  beginning of year $0 · end of year $0

• 30 · Paid-in or capital surplus, or land, building or equipment fund

  beginning of year $0 · end of year $0

• 31 · Retained earnings, endowment or other funds

  beginning of year $70,902,512 · end of year $74,384,988

The filer's explanations (Part III)

PART I, LINE 1A

THE CORPORATION PAYS THE RENT ON A PORTION OF THE UNIVERSITY PRESIDENT'S RESIDENCE THAT IS USED FOR BUSINESS PURPOSES.