Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $635,379

• 1f · All other contributions, gifts and grants

  $2,582,900

• 1g · Noncash contributions included above

  $706,694

• 2a · Program service revenue: TUITION AND FEES

  total $66,920,266 · related or exempt $66,920,266

• 2b · Program service revenue: FOOD AND HOUSING

  total $9,144,402 · related or exempt $9,144,402

• 2c · Program service revenue: BOOK STORE AND ANCILLARY SERVICES

  total $2,810,877 · related or exempt $2,130,647 · unrelated business $680,230

• 3 · Investment income

  total $1,838,277 · excluded $1,838,277

• 7a · Gross sales of assets other than inventory

  securities $4,313,057 · other assets $3,901

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

  securities $3,743,259 · other assets $1,161

• 7c · Gain or loss

  securities $569,798 · other assets $2,740

• 7d · Net gain or loss

  total $572,538 · excluded $572,538

• 11a · Other revenue: OTHER REVENUE

  total $767,216 · related or exempt $767,216

• 11b · Other revenue: RECOVERY OF BAD DEBT

  total $66,744 · related or exempt $66,744

• 11e · Other revenue, total

  $833,960

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $27,272,339 · program services $27,272,339

• 5 · Compensation of officers, directors and key employees

  total $1,744,828 · program services $580,657 · management and general $1,012,566 · fundraising $151,605

• 7 · Other salaries and wages

  total $22,015,256 · program services $20,256,095 · management and general $1,544,476 · fundraising $214,685

• 8 · Pension plan contributions

  total $647,158 · program services $624,176 · management and general $16,998 · fundraising $5,984

• 9 · Other employee benefits

  total $3,053,247 · program services $2,762,061 · management and general $253,084 · fundraising $38,102

• 10 · Payroll taxes

  total $1,662,274 · program services $1,514,415 · management and general $122,775 · fundraising $25,084

• 11a · Fees: management

  total $8,234 · management and general $8,234

• 11b · Fees: legal

  total $72,645 · management and general $72,645

• 11f · Fees: investment management

  total $175,844 · management and general $175,844

• 12 · Advertising and promotion

  total $258,284 · program services $212,384 · management and general $6,628 · fundraising $39,272

• 13 · Office expenses

  total $443,668 · program services $418,880 · management and general $22,953 · fundraising $1,835

• 14 · Information technology

  total $702,682 · program services $392,626 · management and general $310,056

• 16 · Occupancy

  total $3,399,869 · program services $3,205,503 · management and general $193,730 · fundraising $636

• 17 · Travel

  total $1,821,977 · program services $1,715,384 · management and general $97,263 · fundraising $9,330

• 19 · Conferences, conventions and meetings

  total $9,066 · program services $9,066

• 20 · Interest

  total $628,597 · program services $438,158 · management and general $190,439

• 22 · Depreciation, depletion and amortization

  total $2,262,973 · program services $2,202,364 · management and general $57,283 · fundraising $3,326

• 23 · Insurance

  total $746,778 · program services $694,911 · management and general $47,093 · fundraising $4,774

• 24a · Other expenses: ALL OTHER EXPENSES

  total $5,958,174 · program services $4,726,569 · management and general $1,151,689 · fundraising $79,916

• 24b · Other expenses: FOOD SERVICE

  total $1,226,518 · program services $1,226,518

• 24c · Other expenses: SUPPLIES

  total $1,137,539 · program services $1,137,539

• 24d · Other expenses: BAD DEBT

  total $545,657 · management and general $545,657

• 24e · All other expenses

  total $157,744 · program services $143,192 · management and general $14,552

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $15,623,285 · end of year $23,512,040

• 3 · Pledges and grants receivable

  beginning of year $3,598,432 · end of year $0

• 4 · Accounts receivable

  beginning of year $3,743,125 · end of year $5,964,347

• 5 · Loans and receivables from officers and key people

  beginning of year $782,683 · end of year $860,849

• 8 · Inventories for sale or use

  beginning of year $271,732 · end of year $313,727

• 9 · Prepaid expenses and deferred charges

  beginning of year $179,402 · end of year $220,030

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

  $102,212,246

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

  $52,424,863

• 10c · Land, buildings and equipment, net

  beginning of year $49,053,960 · end of year $49,787,383

• 11 · Investments: publicly traded securities

  beginning of year $38,241,676 · end of year $44,311,307

• 12 · Investments: other securities

  beginning of year $2,451,098 · end of year $2,554,454

• 15 · Other assets

  beginning of year $1,610,603 · end of year $1,795,145

• 17 · Accounts payable and accrued expenses

  beginning of year $3,877,262 · end of year $3,419,256

• 19 · Deferred revenue

  beginning of year $4,320,555 · end of year $5,173,664

• 20 · Tax-exempt bond liabilities

  beginning of year $16,675,000 · end of year $15,445,000

• 22 · Loans and payables to officers and key people

  beginning of year $155,118 · end of year $134,020

• 25 · Other liabilities

  beginning of year $3,416,499 · end of year $2,828,842

• 27 · Net assets without donor restrictions

  beginning of year $52,811,692 · end of year $63,473,585

• 28 · Net assets with donor restrictions

  beginning of year $34,299,870 · end of year $38,844,915

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND THEREFORE RESIDES IN A HOME PROVIDED FOR HIM. THE HOUSE IS MAINTAINED BY COLLEGE STAFF.