Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $312,620

• 1c · Fundraising events

  $97,233

• 1f · All other contributions, gifts and grants

  $42,444,170

• 1g · Noncash contributions included above

  $5,892,519

• 2a · Program service revenue: TUITION & FEES

  total $296,830,670 · related or exempt $296,830,670

• 2b · Program service revenue: SPONSORED PROGRAMS

  total $68,000,011 · related or exempt $68,000,011

• 2c · Program service revenue: AUXILIARY SERVICES

  total $50,334,008 · related or exempt $50,210,618 · unrelated business $123,390

• 2d · Program service revenue: BRANDEIS NATIONAL COMMITTEE

  total $549,409 · related or exempt $549,409

• 2e · Program service revenue: BRANDEIS OSHER LIFETIME LEARNING

  total $360,873 · related or exempt $360,873

• 2f · All other program service revenue

  total $5,845,394 · related or exempt $5,795,826 · unrelated business $49,568

• 3 · Investment income

  total $4,549,559 · unrelated business -$2,570,714 · excluded $7,120,273

• 4 · Income from investment of tax-exempt bond proceeds

  total $690 · excluded $690

• 5 · Royalties

  total $2,558,786 · excluded $2,558,786

• 6a · Gross rents

  real property $1,665,701

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,665,701

• 6d · Net rental income or loss

  total $1,665,701 · unrelated business $1,100,693 · excluded $565,008

• 7a · Gross sales of assets other than inventory

  securities $177,272,556

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

  securities $174,189,746

• 7c · Gain or loss

  securities $3,082,810

• 7d · Net gain or loss

  total $3,082,810 · unrelated business $5,554,357 · excluded -$2,471,547

• 8a · Fundraising events: gross income

  $156,716

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

  $97,233

• 8b · Fundraising events: direct expenses

  $156,716

• 8c · Net income from fundraising events

  total $0

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $2,061,265 · related or exempt $2,061,265

• 11e · Other revenue, total

  $2,061,265

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,171,859 · program services $5,171,859

• 2 · Grants to domestic individuals

  total $115,782,091 · program services $115,782,091

• 3 · Grants to foreign organizations and individuals

  total $1,181,213 · program services $1,181,213

• 5 · Compensation of officers, directors and key employees

  total $6,402,576 · program services $897,936 · management and general $4,805,459 · fundraising $699,181

• 6 · Compensation of disqualified persons

  total $325,576 · program services $325,576

• 7 · Other salaries and wages

  total $183,006,417 · program services $158,091,222 · management and general $16,870,587 · fundraising $8,044,608

• 8 · Pension plan contributions

  total $11,718,326 · program services $10,239,426 · management and general $977,066 · fundraising $501,834

• 9 · Other employee benefits

  total $21,735,412 · program services $18,198,908 · management and general $2,540,140 · fundraising $996,364

• 10 · Payroll taxes

  total $12,264,904 · program services $10,499,051 · management and general $1,214,388 · fundraising $551,465

• 11b · Fees: legal

  total $1,444,741 · program services $495,447 · management and general $949,294

• 11c · Fees: accounting

  total $382,567 · management and general $382,567

• 11d · Fees: lobbying

  total $12,978 · program services $12,978

• 11f · Fees: investment management

  total $3,130,558 · management and general $3,130,558

• 11g · Fees: other

  total $6,020,512 · program services $3,970,824 · management and general $1,708,254 · fundraising $341,434

• 12 · Advertising and promotion

  total $4,186,534 · program services $1,666,415 · management and general $2,448,239 · fundraising $71,880

• 13 · Office expenses

  total $14,089,646 · program services $10,702,172 · management and general $2,697,567 · fundraising $689,907

• 14 · Information technology

  total $12,052,575 · program services $6,712,362 · management and general $5,050,919 · fundraising $289,294

• 16 · Occupancy

  total $22,421,065 · program services $18,838,405 · management and general $3,552,609 · fundraising $30,051

• 17 · Travel

  total $4,741,372 · program services $4,288,385 · management and general $245,061 · fundraising $207,926

• 19 · Conferences, conventions and meetings

  total $1,846,393 · program services $1,754,374 · management and general $58,632 · fundraising $33,387

• 20 · Interest

  total $11,157,113 · program services $8,284,741 · management and general $2,872,372

• 22 · Depreciation, depletion and amortization

  total $28,365,976 · program services $26,375,418 · management and general $1,990,558

• 23 · Insurance

  total $2,540,076 · management and general $2,540,076

• 24a · Other expenses: DINING SERVICES

  total $19,629,376 · program services $19,418,965 · management and general $115,065 · fundraising $95,346

• 24b · Other expenses: STIPENDS AND FELLOWSHIP

  total $9,013,311 · program services $8,922,448 · management and general $90,863

• 24c · Other expenses: LIBRARY

  total $4,667,265 · program services $4,603,199 · management and general $63,865 · fundraising $201

• 24d · Other expenses: STUDY ABROAD PAYMENTS

  total $2,760,320 · program services $2,760,320

• 24e · All other expenses

  total $10,239,489 · program services $8,908,357 · management and general $1,126,342 · fundraising $204,790

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,259,632 · end of year $11,019,716

• 2 · Savings and temporary cash investments

  beginning of year $53,976,198 · end of year $35,722,326

• 3 · Pledges and grants receivable

  beginning of year $18,526,021 · end of year $18,651,176

• 4 · Accounts receivable

  beginning of year $25,003,653 · end of year $20,937,479

• 7 · Other notes and loans receivable

  beginning of year $4,727,748 · end of year $3,749,668

• 8 · Inventories for sale or use

  beginning of year $611,845 · end of year $948,776

• 9 · Prepaid expenses and deferred charges

  beginning of year $22,892,421 · end of year $25,442,335

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

  $918,482,087

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

  $567,201,087

• 10c · Land, buildings and equipment, net

  beginning of year $351,861,101 · end of year $351,281,000

• 11 · Investments: publicly traded securities

  beginning of year $120,855,927 · end of year $113,309,618

• 12 · Investments: other securities

  beginning of year $1,107,905,243 · end of year $1,125,501,652

• 15 · Other assets

  beginning of year $20,102,618 · end of year $22,545,073

• 17 · Accounts payable and accrued expenses

  beginning of year $35,569,834 · end of year $31,316,004

• 19 · Deferred revenue

  beginning of year $25,363,564 · end of year $23,277,652

• 20 · Tax-exempt bond liabilities

  beginning of year $241,697,875 · end of year $229,839,045

• 23 · Secured mortgages and notes payable

  beginning of year $27,000,000 · end of year $26,325,000

• 25 · Other liabilities

  beginning of year $25,253,581 · end of year $27,509,723

• 27 · Net assets without donor restrictions

  beginning of year $190,662,088 · end of year $196,332,513

• 28 · Net assets with donor restrictions

  beginning of year $1,182,175,465 · end of year $1,194,508,882

The filer's explanations (Part III)

PART I, LINE 1A

TRAVEL FOR COMPANIONS: DURING CALENDAR YEAR 2022, THE UNIVERSITY REIMBURSED PRESIDENT LIEBOWITZ FOR TRAVEL EXPENSES INCURRED BY HIS FAMILY WHILE CONDUCTING BUSINESS OF THE UNIVERSITY. SUCH REIMBURSEMENTS WERE MADE IN ACCORDANCE WITH UNIVERSITY POLICY. TRAVEL REIMBURSEMENTS FOR THE PRESIDENT'S FAMILY THAT ARE CONSIDERED PERSONAL IN NATURE ARE INCLUDED IN TAXABLE COMPENSATION AND REPORTED ON FORM W-2 AND ON SCHEDULE J, PART II, COLUMN B(III). BUSINESS EXPENSE REIMBURSEMENTS ARE NOT TREATED AS TAXABLE COMPENSATION. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE UNIVERSITY PROVIDED PRESIDENT LIEBOWITZ WITH A HOUSING ALLOWANCE AS A CONDITION OF HIS EMPLOYMENT. THE VALUE OF SUCH HOUSING IS INCLUDABLE AS TAXABLE INCOME UNDER IRS CODE SECTION 119 (D). PERSONAL SERVICES: DURING CALENDAR YEAR 2022, THE UNIVERSITY REIMBURSED PRESIDENT LIEBOWITZ FOR PERSONAL LEGAL AND FINANCIAL SERVICE EXPENSES. THE AMOUNT PAID BY THE UNIVERSITY WAS INCLUDED IN THE INDIVIDUAL'S FORM W-2 AND REPORTED ON SCHEDULE J, PART II, COLUMN B(III). OTHER BUSINESS EXPENSES: THE UNIVERSITY REIMBURSES ITS OFFICERS AND KEY EMPLOYEES FOR ORDINARY AND NECESSARY BUSINESS EXPENSES INCURRED WHILE CONDUCTING BUSINESS OF THE UNIVERSITY. SUCH REIMBURSEMENT IS MADE UNDER AN ACCOUNTABLE PLAN AND REQUIRES SUBSTANTIATION USING THE ORIGINAL EXPENSE DOCUMENTATIONS AND APPROVAL BY APPROPRIATE PARTIES AS AUTHORIZED UNDER UNIVERSITY POLICY.

PART I, LINES 4A-B

PART I, QUESTION 4A: SEVERANCE OR CHANGE OF CONTROL PAYMENT THE UNIVERSITY HAS AN EMPLOYMENT AND SEPARATION POLICY THAT COVERS MEMBERS OF THE SENIOR MANAGEMENT GROUP, WHICH PROVIDES SEVERANCE PROVISION FROM 4 WEEKS TO 20 WEEKS. SOME SENIOR MANAGEMENT MAY HAVE ADDITIONAL SEVERANCE PROVISION AS PART OF THEIR EMPLOYMENT ARRANGEMENT. ZAMIRA KORFF, SVP OF INSTITUTIONAL ADVANCEMENT, LEFT HER POSITION IN OCTOBER 2021. AS PART OF HER SEPARATION AGREEMENT, MS. KORFF RECEIVED SIX MONTHS OF SEVERANCE PAY, WHICH WAS INCLUDED IN HER W-2. PART I, QUESTION 4B: DEFERRED COMPENSATION ARRANGEMENT PRESIDENT LIEBOWITZ PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT UNDER IRS CODE SECTION 457(F). IN ACCORDANCE WITH HIS EMPLOYMENT AGREEMENT, THE UNIVERSITY WILL CREDIT A DEFERRED COMPENSATION ACCOUNT ON JUNE 30TH OF EVERY YEAR BEGINNING ON JUNE 30, 2017. THE DEFERRED COMPENSATION ACCOUNT WILL VEST EVERY THREE YEARS CONTINGENT UPON CONTINUOUS EMPLOYMENT. THE DEFERRED COMPENSATION ACCOUNT WAS CREDITED WITH $142,713 ON JUNE 30, 2022, WHICH ALSO VESTED AND BECAME TAXABLE ON JUNE 30, 2022. A TOTAL OF $306,181 IN DEFERRED COMPENSATION WAS PAID OUT DURING CALENDAR YEAR 2022, WHICH INCLUDES DEFERRED COMPENSATION CREDITED FROM 2020-2022. DEFERRED COMPENSATION PAYOUT IS REPORTED ON SCHEDULE J, PART II, COLUMN B (III). DEFERRED COMPENSATION PAYOUT THAT WAS PREVIOUSLY REPORTED AS DEFERRED COMPENSATION CREDITS IN PRIOR FORMS 990 ARE REPORTED ON SCHEDULE J, PART II, COLUMN F.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• PARTNERSHIP 1

  EXCLUDED · INVESTING · TX · 97.38% owned · share of income -$750,144 · share of assets $4,855,320

  Directly controlled by BRANDEIS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• CHARITABLE REMAINDER TRUSTS (22)

  T · INVESTING · MA · controlled entity

• CHARITABLE REMAINDER TRUSTS (1)

  T · INVESTING · FL · controlled entity