Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $218,199

• 1e · Government grants (contributions)

  $4,716,687

• 1f · All other contributions, gifts and grants

  $1,404,247

• 1g · Noncash contributions included above

  $31,234

• 2a · Program service revenue: TUITION AND FEES

  total $41,748,803 · related or exempt $41,748,803

• 2b · Program service revenue: ROOM & BOARD(AUX ENT.)

  total $6,406,743 · related or exempt $6,406,743

• 3 · Investment income

  total $284,182 · excluded $284,182

• 5 · Royalties

  total $59,228 · excluded $59,228

• 6a · Gross rents

  real property $380,673

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $380,673

• 6d · Net rental income or loss

  total $380,673 · excluded $380,673

• 8a · Fundraising events: gross income

  $54,304

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

  $218,199

• 8b · Fundraising events: direct expenses

  $101,265

• 8c · Net income from fundraising events

  total -$46,961 · excluded -$46,961

• 11a · Other revenue: STUDENT FEES

  total $22,405 · excluded $22,405

• 11b · Other revenue: APPLICATION FEES

  total $19,570 · related or exempt $19,570

• 11c · Other revenue: ATHLETICS CAMPS

  total $15,530 · unrelated business $15,530

• 11d · All other revenue

  total $105,776 · related or exempt $1,736 · unrelated business $1,225 · excluded $102,815

• 11e · Other revenue, total

  $163,281

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $16,159,023 · program services $16,159,023

• 5 · Compensation of officers, directors and key employees

  total $649,319 · program services $151,500 · management and general $497,819

• 7 · Other salaries and wages

  total $17,155,176 · program services $14,514,680 · management and general $2,075,738 · fundraising $564,758

• 8 · Pension plan contributions

  total $685,749 · program services $572,060 · management and general $91,843 · fundraising $21,846

• 9 · Other employee benefits

  total $2,772,271 · program services $2,327,462 · management and general $355,167 · fundraising $89,642

• 10 · Payroll taxes

  total $1,222,198 · program services $1,026,188 · management and general $156,520 · fundraising $39,490

• 11b · Fees: legal

  total $85,747 · management and general $85,747

• 11c · Fees: accounting

  total $192,945 · management and general $192,945

• 11d · Fees: lobbying

  total $117,600 · program services $117,600

• 11e · Fees: professional fundraising services

  total $176,635 · fundraising $176,635

• 11f · Fees: investment management

  total $64,226 · management and general $64,226

• 11g · Fees: other

  total $1,691,775 · management and general $1,691,775

• 12 · Advertising and promotion

  total $1,476,185 · program services $1,117,207 · management and general $153,787 · fundraising $205,191

• 13 · Office expenses

  total $565,169 · program services $478,179 · management and general $68,384 · fundraising $18,606

• 14 · Information technology

  total $616,750 · program services $521,821 · management and general $74,625 · fundraising $20,304

• 16 · Occupancy

  total $4,251,600 · program services $3,994,083 · management and general $257,517

• 17 · Travel

  total $215,407 · program services $182,252 · management and general $26,064 · fundraising $7,091

• 19 · Conferences, conventions and meetings

  total $6,607 · program services $5,939 · management and general $595 · fundraising $73

• 20 · Interest

  total $964,404 · program services $752,235 · management and general $212,169

• 22 · Depreciation, depletion and amortization

  total $2,305,206 · program services $2,226,829 · management and general $41,494 · fundraising $36,883

• 23 · Insurance

  total $732,939 · program services $436,099 · management and general $282,181 · fundraising $14,659

• 24a · Other expenses: STUDENT FOOD SERVICES

  total $2,509,173 · program services $2,509,173

• 24b · Other expenses: ATHLETICS DEPT. EXP.

  total $575,601 · program services $575,601

• 24c · Other expenses: SECURITY SERVICES

  total $535,650 · program services $482,085 · management and general $53,565

• 24d · Other expenses: STUDENT ACTIV/PROG.

  total $340,349 · program services $340,349

• 24e · All other expenses

  total $1,491,014 · program services $881,617 · management and general $609,397

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,420 · end of year $1,420

• 2 · Savings and temporary cash investments

  beginning of year $4,532,141 · end of year $3,192,512

• 3 · Pledges and grants receivable

  beginning of year $63,587 · end of year $152,492

• 4 · Accounts receivable

  beginning of year $1,932,982 · end of year $1,905,494

• 7 · Other notes and loans receivable

  beginning of year $80,257 · end of year $12,067

• 9 · Prepaid expenses and deferred charges

  beginning of year $234,102 · end of year $143,041

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

  $95,055,710

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

  $42,777,999

• 10c · Land, buildings and equipment, net

  beginning of year $50,298,539 · end of year $52,277,711

• 11 · Investments: publicly traded securities

  beginning of year $8,610,215 · end of year $8,579,902

• 15 · Other assets

  beginning of year $5,697,902 · end of year $6,412,095

• 17 · Accounts payable and accrued expenses

  beginning of year $2,195,195 · end of year $5,321,084

• 19 · Deferred revenue

  beginning of year $3,983,919 · end of year $3,699,546

• 20 · Tax-exempt bond liabilities

  beginning of year $25,564,928 · end of year $24,268,012

• 23 · Secured mortgages and notes payable

  beginning of year $2,200,819 · end of year $1,937,949

• 24 · Unsecured notes and loans payable

  beginning of year $1,000,000 · end of year $3,500,000

• 25 · Other liabilities

  beginning of year $4,925,666 · end of year $3,898,075

• 27 · Net assets without donor restrictions

  beginning of year $27,556,670 · end of year $26,406,652

• 28 · Net assets with donor restrictions

  beginning of year $4,023,948 · end of year $3,645,416

The filer's explanations (Part III)

SCHEDULE J

SEVERAL OF THE UNIVERSITY'S OFFICERS ARE MEMBERS OF THE SISTERS OF ST. DOMINIC OF BLAUVELT AND RECEIVE FREE HOUSING (E.G. A HOUSING ALLOWANCE) PROVIDED BY THE UNIVERSITY. THE FAIR MARKET RENTAL VALUE OF THE HOUSING ALLOWANCE (APPROXIMATELY $18,000 PER OFFICER) IS EXCLUDED FROM THESE OFFICERS' SALARIES AS IT REPRESENTS A PERMISSIBLE NON-TAXABLE FRINGE BENEFIT UNDER SECTION 107 OF THE INTERNAL REVENUE CODE FOR MEMBERS OF A RELIGIOUS ORDER.