Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $25,900

• 1d · Related organizations

  $2,168,365

• 1e · Government grants (contributions)

  $101,335

• 1f · All other contributions, gifts and grants

  $3,049,592

• 1g · Noncash contributions included above

  $24,327

• 2a · Program service revenue: EDUCATION, TUITION, AND FEES

  total $34,181,475 · related or exempt $34,181,475

• 2b · Program service revenue: AUXILIARY SERVICES

  total $2,033,616 · related or exempt $2,033,616

• 2c · Program service revenue: INSTRUCTION ACTIVITIES

  total $569,615 · related or exempt $569,615

• 2d · Program service revenue: OTHER PROGRAM REVENUE

  total $367,988 · related or exempt $367,988

• 2e · Program service revenue: JAKE

  total $193,245 · related or exempt $193,245

• 2f · All other program service revenue

  total $101,659 · related or exempt $101,659

• 3 · Investment income

  total $156,236 · excluded $156,236

• 7a · Gross sales of assets other than inventory

  securities $2,226,105

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

  securities $2,335,689 · other assets $1,208,949

• 7c · Gain or loss

  securities -$109,584 · other assets -$1,208,949

• 7d · Net gain or loss

  total -$1,318,533 · excluded -$1,318,533

• 8a · Fundraising events: gross income

  $23,077

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

  $25,900

• 8b · Fundraising events: direct expenses

  $25,514

• 8c · Net income from fundraising events

  total -$2,437 · excluded -$2,437

• 10a · Gross sales of inventory

  $2,283,032

• 10b · Cost of goods sold

  $919,168

• 10c · Net income from sales of inventory

  total $1,363,864 · related or exempt $1,363,864

• 11a · Other revenue: LITIGATION INCOME

  total $490,000 · excluded $490,000

• 11e · Other revenue, total

  $490,000

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $13,633,599 · program services $13,633,599

• 5 · Compensation of officers, directors and key employees

  total $1,094,502 · program services $90,515 · management and general $1,003,987

• 7 · Other salaries and wages

  total $14,520,419 · program services $13,900,202 · management and general $297,319 · fundraising $322,898

• 8 · Pension plan contributions

  total $151,810 · program services $148,327 · fundraising $3,483

• 9 · Other employee benefits

  total $2,879,464 · program services $2,451,333 · management and general $384,253 · fundraising $43,878

• 10 · Payroll taxes

  total $1,032,813 · program services $928,704 · management and general $82,671 · fundraising $21,438

• 11b · Fees: legal

  total $47,937 · management and general $47,937

• 11c · Fees: accounting

  total $45,489 · management and general $45,489

• 11f · Fees: investment management

  total $127,064 · management and general $127,064

• 11g · Fees: other

  total $1,841,952 · program services $1,669,666 · management and general $167,622 · fundraising $4,664

• 12 · Advertising and promotion

  total $906,442 · program services $886,150 · management and general $18,502 · fundraising $1,790

• 13 · Office expenses

  total $151,017 · program services $108,681 · management and general $28,620 · fundraising $13,716

• 14 · Information technology

  total $718,756 · program services $493,139 · management and general $225,617

• 16 · Occupancy

  total $2,942,197 · program services $2,938,162 · management and general $4,035

• 17 · Travel

  total $934,173 · program services $891,827 · management and general $27,688 · fundraising $14,658

• 20 · Interest

  total $1,127,452 · program services $1,118,894 · management and general $8,558

• 22 · Depreciation, depletion and amortization

  total $4,075,199 · program services $3,963,897 · management and general $98,786 · fundraising $12,516

• 23 · Insurance

  total $391,295 · program services $6,922 · management and general $384,373

• 24a · Other expenses: MAINTENANCE AND REPAIRS

  total $2,322,988 · program services $2,042,166 · management and general $268,914 · fundraising $11,908

• 24b · Other expenses: SUPPLIES

  total $588,609 · program services $529,642 · management and general $51,242 · fundraising $7,725

• 24c · Other expenses: UNCOLLECTIBLE ACCOUNTS

  total $497,587 · program services $318,619 · management and general $178,968

• 24d · Other expenses: MEMBERSHIPS

  total $218,621 · program services $98,710 · management and general $118,111 · fundraising $1,800

• 24e · All other expenses

  total $786,667 · program services $416,038 · management and general $364,113 · fundraising $6,516

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $1,381,656 · end of year $1,365,641

• 3 · Pledges and grants receivable

  beginning of year $1,788,260 · end of year $3,534,494

• 7 · Other notes and loans receivable

  beginning of year $27,472 · end of year $76,953

• 8 · Inventories for sale or use

  beginning of year $132,252 · end of year $165,817

• 9 · Prepaid expenses and deferred charges

  beginning of year $262,753 · end of year $287,619

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

  $116,339,798

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

  $56,616,100

• 10c · Land, buildings and equipment, net

  beginning of year $60,703,777 · end of year $59,723,698

• 11 · Investments: publicly traded securities

  beginning of year $9,130,242 · end of year $7,746,877

• 15 · Other assets

  beginning of year $1,011,049 · end of year $895,900

• 17 · Accounts payable and accrued expenses

  beginning of year $7,451,850 · end of year $7,213,707

• 18 · Grants payable

  beginning of year $26,266 · end of year $28,624

• 19 · Deferred revenue

  beginning of year $2,520,183 · end of year $2,328,390

• 23 · Secured mortgages and notes payable

  beginning of year $30,685,863 · end of year $35,700,874

• 25 · Other liabilities

  beginning of year $2,263,393 · end of year $3,803,753

• 27 · Net assets without donor restrictions

  beginning of year $29,151,807 · end of year $21,969,827

• 28 · Net assets with donor restrictions

  beginning of year $2,338,099 · end of year $2,751,824

The filer's explanations (Part III)

PART I, LINE 1A

PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND RESIDES IN THE PRESIDENT'S HOUSE