Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $980,784

• 1f · All other contributions, gifts and grants

  $6,711,104

• 1g · Noncash contributions included above

  $303,971

• 2a · Program service revenue: UNDERGRADUATE TUITION/FEES

  total $93,205,633 · related or exempt $93,205,633

• 2b · Program service revenue: AUXILIARY ENTEPRISES

  total $19,207,710 · related or exempt $19,207,710

• 2c · Program service revenue: GRADUATE TUITION/FEES

  total $7,079,474 · related or exempt $7,079,474

• 2d · Program service revenue: OTHER EDUCATION PROG.

  total $1,562,840 · related or exempt $1,562,840

• 3 · Investment income

  total $1,397,399 · unrelated business -$70,966 · excluded $1,468,365

• 6a · Gross rents

  real property $1,013,960

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,013,960

• 6d · Net rental income or loss

  total $1,013,960 · excluded $1,013,960

• 7a · Gross sales of assets other than inventory

  securities $142,918,831

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

  securities $135,703,258

• 7c · Gain or loss

  securities $7,215,573

• 7d · Net gain or loss

  total $7,215,573 · excluded $7,215,573

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $48,847,833 · program services $48,847,833

• 5 · Compensation of officers, directors and key employees

  total $2,060,981 · program services $890,475 · management and general $710,098 · fundraising $460,408

• 6 · Compensation of disqualified persons

  total $159,908 · management and general $159,908

• 7 · Other salaries and wages

  total $37,376,561 · program services $31,089,215 · management and general $4,239,887 · fundraising $2,047,459

• 8 · Pension plan contributions

  total $1,592,646 · program services $1,328,527 · management and general $176,626 · fundraising $87,493

• 9 · Other employee benefits

  total $8,883,226 · program services $7,413,551 · management and general $981,437 · fundraising $488,238

• 10 · Payroll taxes

  total $2,719,566 · program services $2,256,166 · management and general $314,813 · fundraising $148,587

• 11b · Fees: legal

  total $221,806 · program services $8,800 · management and general $213,006

• 11c · Fees: accounting

  total $232,892 · management and general $232,892

• 11f · Fees: investment management

  total $379,586 · management and general $379,586

• 11g · Fees: other

  total $1,338,314 · program services $642,110 · management and general $637,999 · fundraising $58,205

• 12 · Advertising and promotion

  total $958,325 · program services $122,246 · management and general $819,805 · fundraising $16,274

• 13 · Office expenses

  total $2,203,883 · program services $1,781,330 · management and general $289,167 · fundraising $133,386

• 14 · Information technology

  total $2,080,892 · program services $305,344 · management and general $1,538,015 · fundraising $237,533

• 16 · Occupancy

  total $3,010,198 · program services $2,767,447 · management and general $231,650 · fundraising $11,101

• 17 · Travel

  total $1,140,003 · program services $942,754 · management and general $80,038 · fundraising $117,211

• 19 · Conferences, conventions and meetings

  total $893,061 · program services $542,886 · management and general $84,763 · fundraising $265,412

• 20 · Interest

  total $4,328,683 · program services $3,927,156 · management and general $383,002 · fundraising $18,525

• 22 · Depreciation, depletion and amortization

  total $5,007,588 · program services $4,543,087 · management and general $443,071 · fundraising $21,430

• 23 · Insurance

  total $1,606,818 · management and general $1,606,818

• 24a · Other expenses: FOREIGN PROGRAM COSTS

  total $6,265,527 · program services $6,265,527

• 24b · Other expenses: CONTRACTED FOOD SERVICE

  total $5,056,806 · program services $5,056,806

• 24c · Other expenses: HOUSEKEEPING & MAINT.

  total $3,380,070 · program services $3,281,838 · management and general $93,248 · fundraising $4,984

• 24d · Other expenses: BUILDING REPAIR & REN.

  total $1,251,663 · program services $1,083,990 · management and general $163,191 · fundraising $4,482

• 24e · All other expenses

  total $2,130,495 · program services $811,576 · management and general $1,125,270 · fundraising $193,649

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,780,368 · end of year $8,764,020

• 3 · Pledges and grants receivable

  beginning of year $15,386,780 · end of year $4,205,173

• 4 · Accounts receivable

  beginning of year $418,202 · end of year $442,621

• 7 · Other notes and loans receivable

  beginning of year $188,263

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,643,590 · end of year $4,534,547

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

  $195,049,133

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

  $86,061,136

• 10c · Land, buildings and equipment, net

  beginning of year $108,735,508 · end of year $108,987,997

• 11 · Investments: publicly traded securities

  beginning of year $4,913,249 · end of year $3,267,281

• 12 · Investments: other securities

  beginning of year $160,516,828 · end of year $180,504,877

• 15 · Other assets

  beginning of year $3,196,669 · end of year $3,524,647

• 17 · Accounts payable and accrued expenses

  beginning of year $5,560,519 · end of year $7,204,663

• 19 · Deferred revenue

  beginning of year $6,852,227 · end of year $5,276,540

• 20 · Tax-exempt bond liabilities

  beginning of year $40,632,634 · end of year $40,667,673

• 23 · Secured mortgages and notes payable

  beginning of year $46,382,736 · end of year $45,922,879

• 25 · Other liabilities

  beginning of year $6,667,823 · end of year $16,574,113

• 27 · Net assets without donor restrictions

  beginning of year $43,475,911 · end of year $40,100,189

• 28 · Net assets with donor restrictions

  beginning of year $150,207,607 · end of year $158,485,106

The filer's explanations (Part III)

PART I, LINE 1A

FIRST-CLASS OR CHARTER TRAVEL CRISTLE COLLINS JUDD, PRESIDENT/TRUSTEE, HAS A CONTRACT THAT SPECIFIES THAT SHE MAY FLY BUSINESS CLASS FOR ANY FLIGHT IN EXCESS OF 4 HOURS. ON SOME FLIGHTS THERE ARE NO BUSINESS CLASS OPTIONS (ONLY FIRST CLASS OR ECONOMY) AND IN THOSE RARE CASES SHE HAS FLOWN FIRST CLASS. SHE HAS NEVER FLOWN FIRST CLASS WHEN THERE IS A BUSINESS CLASS OPTION. HOUSING ALLOWANCE FOR RESIDENCE OR PERSONAL USE IN 2023 THE COLLEGE HOUSED THE PRESIDENT (CRISTLE COLLINS JUDD) IN A RESIDENCE ON CAMPUS. THIS HOUSING IS REQUIRED BY THE NATURE OF THE POSITION AND IS A CONDITION OF EMPLOYMENT. THE AMOUNT HAS BEEN REPORTED IN FORM 990, SCHEDULE J, PART II, COLUMN (D) AND TOTALED $99,552. PRESIDENT JUDD'S POSITION AT THE COLLEGE REQUIRES REGULAR ACTIVE AND MEANINGFUL ENGAGEMENT WITH THE CAMPUS COMMUNITY AND NECESSETATES HER BEING ACCESSIBLE ON AT ALL TIMES TO RESPOND TO POTENTIAL EMERGENCY CONDITIONS. PERSONAL SERVICES THE PRESIDENT'S HOUSE SERVES NOT ONLY AS A RESIDENCE, BUT ALSO AS A HOST LOCATION FOR MANY COLLEGE EVENTS AND THE COLLEGE PROVIDES STAFF TO MAINTAIN THE HOME. THESE INCIDENTAL COSTS ARE NOT DEEMED TAXABLE TO THE PRESIDENT.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (9)

  N/A · NY · controlled entity