Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $15,841

• 1e · Government grants (contributions)

  $2,635,137

• 1f · All other contributions, gifts and grants

  $45,152,781

• 1g · Noncash contributions included above

  $5,250,080

• 2a · Program service revenue: TUITION AND FEES

  total $183,270,561 · related or exempt $183,270,561

• 2b · Program service revenue: ROOM AND BOARD

  total $25,373,563 · related or exempt $25,373,563

• 2c · Program service revenue: ATHLETICS

  total $2,914,658 · related or exempt $2,261,452 · unrelated business $653,206

• 2f · All other program service revenue

  total $904,028 · related or exempt $904,028

• 3 · Investment income

  total $6,173,879 · excluded $6,173,879

• 5 · Royalties

  total $29,691 · excluded $29,691

• 6a · Gross rents

  real property $60,640

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $60,640

• 6d · Net rental income or loss

  total $60,640 · excluded $60,640

• 7a · Gross sales of assets other than inventory

  securities $12,969,946

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

  securities $2,670,708

• 7c · Gain or loss

  securities $10,299,238

• 7d · Net gain or loss

  total $10,299,238 · excluded $10,299,238

• 8a · Fundraising events: gross income

  $22,400

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

  $15,841

• 8b · Fundraising events: direct expenses

  $10,570

• 8c · Net income from fundraising events

  total $11,830 · excluded $11,830

• 11a · Other revenue: OTHER INCOME

  total $4,000,146 · excluded $4,000,146

• 11b · Other revenue: ADVERTISING

  total $1,870 · unrelated business $1,870

• 11c · Other revenue: QUALIFIED PARTNERSHIPS

  total -$115 · unrelated business -$115

• 11e · Other revenue, total

  $4,001,901

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $50,549 · program services $50,549

• 2 · Grants to domestic individuals

  total $109,910,145 · program services $109,910,145

• 5 · Compensation of officers, directors and key employees

  total $4,021,695 · program services $1,920,453 · management and general $1,787,421 · fundraising $313,821

• 6 · Compensation of disqualified persons

  total $197,101 · management and general $197,101

• 7 · Other salaries and wages

  total $59,551,520 · program services $52,425,027 · management and general $5,880,642 · fundraising $1,245,851

• 8 · Pension plan contributions

  total $2,330,759 · program services $1,986,288 · management and general $287,466 · fundraising $57,005

• 9 · Other employee benefits

  total $11,725,527 · program services $9,992,571 · management and general $1,446,177 · fundraising $286,779

• 10 · Payroll taxes

  total $5,752,409 · program services $4,902,241 · management and general $709,478 · fundraising $140,690

• 11b · Fees: legal

  total $319,943 · program services $1,127 · management and general $257,293 · fundraising $61,523

• 11c · Fees: accounting

  total $107,780 · management and general $107,780

• 11f · Fees: investment management

  total $25,508 · management and general $25,508

• 11g · Fees: other

  total $17,055,296 · program services $14,056,483 · management and general $2,791,845 · fundraising $206,968

• 12 · Advertising and promotion

  total $469,623 · program services $221,230 · management and general $161,320 · fundraising $87,073

• 13 · Office expenses

  total $3,284,962 · program services $2,300,252 · management and general $962,535 · fundraising $22,175

• 14 · Information technology

  total $2,620,259 · program services $2,287,594 · management and general $28,662 · fundraising $304,003

• 15 · Royalties

  total $11,104 · program services $5,327 · management and general $5,777

• 16 · Occupancy

  total $4,916,565 · program services $4,905,680 · fundraising $10,885

• 17 · Travel

  total $4,181,540 · program services $3,962,560 · management and general $169,773 · fundraising $49,207

• 19 · Conferences, conventions and meetings

  total $3,325,122 · program services $2,072,486 · management and general $918,870 · fundraising $333,766

• 20 · Interest

  total $3,255,273 · program services $3,131,229 · management and general $124,044

• 22 · Depreciation, depletion and amortization

  total $13,615,259 · program services $12,992,080 · management and general $623,179

• 23 · Insurance

  total $2,154,324 · program services $214,707 · management and general $1,939,617

• 24a · Other expenses: STUDENT HEALTHCARE INSU

  total $1,698,325 · program services $74,428 · management and general $1,623,897

• 24b · Other expenses: BOOKS AND PERIODICALS

  total $1,217,986 · program services $1,217,937 · management and general $49

• 24c · Other expenses: UBI TAX

  total $74,980 · management and general $74,980

• 24e · All other expenses

  total $2,056,476 · program services $1,791,932 · management and general $228,461 · fundraising $36,083

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,944,895 · end of year $1,544,304

• 2 · Savings and temporary cash investments

  beginning of year $6,837,078 · end of year $20,151,559

• 3 · Pledges and grants receivable

  beginning of year $19,437,714 · end of year $22,494,562

• 4 · Accounts receivable

  beginning of year $3,394,097 · end of year $3,105,382

• 5 · Loans and receivables from officers and key people

  beginning of year $26,950 · end of year $20,750

• 7 · Other notes and loans receivable

  beginning of year $4,382,071 · end of year $4,073,724

• 9 · Prepaid expenses and deferred charges

  beginning of year $318,998 · end of year $297,750

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

  $542,574,067

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

  $171,876,168

• 10c · Land, buildings and equipment, net

  beginning of year $374,841,621 · end of year $370,697,899

• 11 · Investments: publicly traded securities

  beginning of year $5,934,196 · end of year $6,496,696

• 12 · Investments: other securities

  beginning of year $299,690,741 · end of year $354,870,836

• 15 · Other assets

  beginning of year $2,015,380 · end of year $2,038,400

• 17 · Accounts payable and accrued expenses

  beginning of year $13,897,227 · end of year $10,805,633

• 19 · Deferred revenue

  beginning of year $10,095,650 · end of year $5,031,021

• 20 · Tax-exempt bond liabilities

  beginning of year $72,254,998 · end of year $94,658,100

• 25 · Other liabilities

  beginning of year $8,098,006 · end of year $4,724,440

• 27 · Net assets without donor restrictions

  beginning of year $302,476,980 · end of year $307,463,924

• 28 · Net assets with donor restrictions

  beginning of year $312,000,880 · end of year $363,108,744

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

FIRST CLASS TRAVEL IS ALLOWED ONLY FOR FLIGHTS EXCEEDING EIGHT HOURS AND WITH OFFICER APPROVAL PER WRITTEN POLICY. REIMBURSEMENT FOR COMPANION TRAVEL ARE ONLY ALLOWED WITH A BONA FIDE BUSINESS PURPOSE AND APPROVAL OF AN OFFICER. UNIVERSITY RESIDENCES ON CAMPUS ARE PROVIDED TO UNIVERSITY EMPLOYEES WHO ARE REQUIRED TO BE AVAILABLE ON CAMPUS AT ALL HOURS. HOUSEKEEPING SERVICES ARE PROVIDED TO THE PRESIDENT'S HOUSE DUE TO IT BEING USED FOR FUNDRAISING AND EVENTS. SOCIAL/BUSINESS ASSOCIATION MEMBERSHIPS ARE PROVIDED IN LIMITED CIRCUMSTANCES WITH OFFICER APPROVAL WHEN REQUIRED FOR DEVELOPMENT ACTIVITIES PER WRITTEN POLICY. WHILE THE UNIVERSITY DOES NOT DIRECTLY INDEMNIFY ANY INDIVIDUAL WITH RESPECT TO TAXES, IT HAS IN SOME CIRCUMSTANCES INCREASED EMPLOYEE SALARIES IN AMOUNT THAT MAY OFFSET A PORTION OF THE EMPLOYEE'S TAXABLE BENEFIT, CONCURRENT WITH THE PROVISION OF THOSE BENEFITS.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUST (7)

  T · CHARITABLE TRUST · OR