Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $198,494

• 1e · Government grants (contributions)

  $1,349,026

• 1f · All other contributions, gifts and grants

  $6,979,456

• 1g · Noncash contributions included above

  $451,520

• 2a · Program service revenue: TUITION AND FEES

  total $108,819,802 · related or exempt $108,819,802

• 2b · Program service revenue: HOUSING

  total $4,840,288 · related or exempt $4,840,288

• 2c · Program service revenue: FOOD SERVICE

  total $1,673,001 · related or exempt $1,673,001

• 2d · Program service revenue: CAMPUS STORE

  total $233,312 · related or exempt $233,312

• 2e · Program service revenue: MEMBERSHIP DUES

  total $6,785 · related or exempt $6,785

• 2f · All other program service revenue

  total $5,753,022 · related or exempt $5,753,022

• 3 · Investment income

  total $1,441,767 · unrelated business $8,260 · excluded $1,433,507

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

  total $189,690 · excluded $189,690

• 6a · Gross rents

  real property $164,432

• 6b · Less rental expenses

  real property $83,337

• 6c · Rental income or loss

  real property $81,095

• 6d · Net rental income or loss

  total $81,095 · excluded $81,095

• 7a · Gross sales of assets other than inventory

  securities $13,259,276 · other assets $9,350

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

  securities $11,645,829 · other assets $13,787

• 7c · Gain or loss

  securities $1,613,447 · other assets -$4,437

• 7d · Net gain or loss

  total $1,609,010 · excluded $1,609,010

• 8a · Fundraising events: gross income

  $385,310

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

  $198,494

• 8b · Fundraising events: direct expenses

  $326,132

• 8c · Net income from fundraising events

  total $59,178 · excluded $59,178

• 9a · Gaming: gross income

  $57,976

• 9b · Gaming: direct expenses

  $14,996

• 9c · Net income from gaming

  total $42,980 · excluded $42,980

• 11a · Other revenue: ATHLETIC REVENUE

  total $1,555,399 · related or exempt $1,555,399

• 11b · Other revenue: OTHER

  total $586,936 · related or exempt $586,936

• 11c · Other revenue: SPORTS CAMP

  total $419,337 · related or exempt $419,337

• 11d · All other revenue

  total $79,167 · related or exempt $79,167

• 11e · Other revenue, total

  $2,640,839

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $63,709,674 · program services $63,709,674

• 5 · Compensation of officers, directors and key employees

  total $1,957,052 · program services $714,506 · management and general $902,668 · fundraising $339,878

• 7 · Other salaries and wages

  total $39,248,276 · program services $33,011,749 · management and general $5,352,455 · fundraising $884,072

• 8 · Pension plan contributions

  total $979,296 · program services $778,488 · management and general $171,007 · fundraising $29,801

• 9 · Other employee benefits

  total $5,734,665 · program services $4,605,421 · management and general $994,230 · fundraising $135,014

• 10 · Payroll taxes

  total $2,665,935 · program services $2,182,670 · management and general $418,792 · fundraising $64,473

• 11b · Fees: legal

  total $165,286 · management and general $165,286

• 11c · Fees: accounting

  total $52,520 · management and general $52,520

• 11d · Fees: lobbying

  total $20,000 · management and general $20,000

• 11e · Fees: professional fundraising services

  total $14,424 · fundraising $14,424

• 11g · Fees: other

  total $5,317,415 · program services $1,564,425 · management and general $3,729,605 · fundraising $23,385

• 12 · Advertising and promotion

  total $733,049 · program services $680,558 · management and general $45,663 · fundraising $6,828

• 13 · Office expenses

  total $3,580,116 · program services $2,835,699 · management and general $631,147 · fundraising $113,270

• 14 · Information technology

  total $1,795,898 · program services $1,024,870 · management and general $714,640 · fundraising $56,388

• 16 · Occupancy

  total $2,473,870 · program services $1,367,847 · management and general $1,105,897 · fundraising $126

• 17 · Travel

  total $2,535,118 · program services $2,351,291 · management and general $85,782 · fundraising $98,045

• 19 · Conferences, conventions and meetings

  total $218,600 · program services $119,632 · management and general $39,126 · fundraising $59,842

• 20 · Interest

  total $2,881,584 · program services $2,799,288 · management and general $82,296

• 22 · Depreciation, depletion and amortization

  total $5,096,271 · program services $4,859,423 · management and general $236,848

• 23 · Insurance

  total $873,800 · program services $449,929 · management and general $423,871

• 24a · Other expenses: CLASSROOM SUPPLIES

  total $2,359,752 · program services $2,359,752

• 24b · Other expenses: MEALS

  total $1,282,259 · program services $1,042,072 · management and general $206,043 · fundraising $34,144

• 24c · Other expenses: PLANT

  total $927,843 · program services $266,543 · management and general $658,607 · fundraising $2,693

• 24d · Other expenses: MEMBERSHIP AND DUES

  total $775,455 · program services $478,392 · management and general $291,928 · fundraising $5,135

• 24e · All other expenses

  total $1,618,619 · program services $1,431,161 · management and general $144,489 · fundraising $42,969

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,370 · end of year $8,370

• 2 · Savings and temporary cash investments

  beginning of year $8,169,018 · end of year $9,219,861

• 3 · Pledges and grants receivable

  beginning of year $7,755,611 · end of year $4,998,963

• 4 · Accounts receivable

  beginning of year $5,467,937 · end of year $6,098,171

• 7 · Other notes and loans receivable

  beginning of year $407,349 · end of year $292,665

• 8 · Inventories for sale or use

  beginning of year $127,650 · end of year $98,933

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,299,647 · end of year $3,593,060

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

  $197,885,133

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

  $93,847,138

• 10c · Land, buildings and equipment, net

  beginning of year $110,913,511 · end of year $104,037,995

• 11 · Investments: publicly traded securities

  beginning of year $52,873,011 · end of year $44,343,504

• 12 · Investments: other securities

  beginning of year $11,709,986 · end of year $8,346,780

• 15 · Other assets

  beginning of year $15,741,867 · end of year $20,685,326

• 17 · Accounts payable and accrued expenses

  beginning of year $4,784,062 · end of year $5,368,558

• 19 · Deferred revenue

  beginning of year $6,466,146 · end of year $5,961,443

• 20 · Tax-exempt bond liabilities

  beginning of year $64,441,601 · end of year $60,869,732

• 25 · Other liabilities

  beginning of year $3,210,364 · end of year $5,202,297

• 27 · Net assets without donor restrictions

  beginning of year $78,744,617 · end of year $67,251,390

• 28 · Net assets with donor restrictions

  beginning of year $59,825,167 · end of year $57,070,208

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS TRAVEL IS PROVIDED ONLY IN CERTAIN LIMITED SITUATIONS. THE PRESIDENT'S SPOUSE SOMETIMES ACCOMPANIES THE PRESIDENT ON OFFICIAL BUSINESS FOR THE UNIVERSITY. THE PRESIDENT RECEIVES A HOUSING ALLOWANCE BUT DOES NOT RESIDE IN A RESIDENCE OWNED BY THE UNIVERSITY.

PART I, LINE 7

THE EXECUTIVE COMMITTEE REVIEWS THE PRESIDENT'S PERFORMANCE ON AN ANNUAL BASIS AND ESTABLISHES CRITERIA DURING THE NEXT FISCAL YEAR TO ESTABLISH GOALS THE PRESIDENT MUST MEET OR EXCEED IN ORDER TO QUALIFY FOR BONUS COMPENSATION.

Related corporations and trusts

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

• PLAMP CHARITABLE REMAINDER UNITRUST

  T · KY

• GORMAN CHARITABLE REMAINDER UNITRUST

  T · KY