Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $15,626

• 1e · Government grants (contributions)

  $1,998,148

• 1f · All other contributions, gifts and grants

  $3,284,865

• 1g · Noncash contributions included above

  $748,360

• 2a · Program service revenue: TUITION & FEES

  total $147,909,068 · related or exempt $147,909,068

• 2b · Program service revenue: AUXILIARY SALES & SERVICE

  total $1,384,488 · related or exempt $1,384,488

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $5,225,970 · excluded $5,225,970

• 6a · Gross rents

  real property $587,523

• 6b · Less rental expenses

  real property $53,677

• 6c · Rental income or loss

  real property $533,846 · personal property $0

• 6d · Net rental income or loss

  total $533,846 · excluded $533,846

• 7a · Gross sales of assets other than inventory

  securities $53,274,412 · other assets $53,115

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

  securities $53,565,650 · other assets $879,261

• 7c · Gain or loss

  securities -$291,238 · other assets -$826,146

• 7d · Net gain or loss

  total -$1,117,384 · related or exempt -$826,146 · excluded -$291,238

• 10a · Gross sales of inventory

  $111,498

• 10b · Cost of goods sold

  $104,204

• 10c · Net income from sales of inventory

  total $7,294 · unrelated business $7,294

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $821,789 · related or exempt $821,789

• 11b · Other revenue: TESTING CENTER

  total $3,767 · related or exempt $3,767

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $825,556

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $103,090 · program services $103,090

• 2 · Grants to domestic individuals

  total $6,373,245 · program services $6,373,245

• 5 · Compensation of officers, directors and key employees

  total $2,604,541 · program services $888,567 · management and general $1,544,000 · fundraising $171,974

• 7 · Other salaries and wages

  total $56,482,349 · program services $45,011,192 · management and general $11,357,147 · fundraising $114,010

• 8 · Pension plan contributions

  total $1,927,459 · program services $1,551,987 · management and general $375,472 · fundraising $0

• 9 · Other employee benefits

  total $6,394,919 · program services $3,940,440 · management and general $2,442,906 · fundraising $11,573

• 10 · Payroll taxes

  total $4,258,488 · program services $3,381,978 · management and general $861,154 · fundraising $15,356

• 11b · Fees: legal

  total $41,214 · management and general $41,214

• 11c · Fees: accounting

  total $144,773 · management and general $144,773

• 11g · Fees: other

  total $34,964,774 · program services $30,679,422 · management and general $4,246,117 · fundraising $39,235

• 12 · Advertising and promotion

  total $8,022,278 · program services $22,159 · management and general $8,000,119

• 14 · Information technology

  total $5,883,367 · program services $4,011,587 · management and general $1,871,764 · fundraising $16

• 16 · Occupancy

  total $208,115 · program services $208,115

• 17 · Travel

  total $1,590,542 · program services $1,379,245 · management and general $196,566 · fundraising $14,731

• 20 · Interest

  total $882,239 · management and general $882,239

• 22 · Depreciation, depletion and amortization

  total $4,192,221 · program services $3,111,948 · management and general $1,080,273

• 23 · Insurance

  total $781,000 · program services $76,388 · management and general $704,612

• 24a · Other expenses: WRITE OFF EXPENSE

  total $2,020,431 · program services $8,086 · management and general $2,012,345

• 24b · Other expenses: UTILITIES

  total $1,028,814 · program services $73,183 · management and general $955,631

• 24c · Other expenses: BANK & REGULATORY CHARGES

  total $994,156 · program services $44,382 · management and general $949,774

• 24d · Other expenses: STUDENT HOUSING

  total $873,851 · program services $777,256 · management and general $96,595

• 24e · All other expenses

  total $9,146,812 · program services $2,731,779 · management and general $6,387,549 · fundraising $27,484

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,425 · end of year $2,803

• 2 · Savings and temporary cash investments

  beginning of year $57,307,850 · end of year $44,568,986

• 3 · Pledges and grants receivable

  beginning of year $1,761,723 · end of year $1,617,358

• 4 · Accounts receivable

  beginning of year $37,047,503 · end of year $41,331,210

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,500,742 · end of year $4,824,480

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

  $166,296,587

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

  $69,275,766

• 10c · Land, buildings and equipment, net

  beginning of year $79,227,906 · end of year $97,020,821

• 11 · Investments: publicly traded securities

  beginning of year $93,729,071 · end of year $106,291,734

• 12 · Investments: other securities

  beginning of year $128,505 · end of year $98,276

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $338,154 · end of year $202,421

• 17 · Accounts payable and accrued expenses

  beginning of year $16,638,928 · end of year $19,946,652

• 19 · Deferred revenue

  beginning of year $17,092,130 · end of year $17,312,286

• 20 · Tax-exempt bond liabilities

  beginning of year $31,229,505 · end of year $29,220,146

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $162,439 · end of year $457,780

• 27 · Net assets without donor restrictions

  beginning of year $173,417,658 · end of year $190,440,237

• 28 · Net assets with donor restrictions

  beginning of year $34,505,219 · end of year $38,580,988

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

FOR THE CURRENT REPORTING PERIOD THE USAGE OF THE COUNTRY CLUB MEMBERSHIP WAS FOR BUSINESS USE ONLY AND IS THEREFORE NOT TAXABLE COMPENSATION TO ANY EMPLOYEE. THE UNIVERSITY FOLLOWED ITS GENERAL EXPENSE POLICY FOR THESE EXPENSES, WHICH REQUIRES RECEIPT DOCUMENTATION TO BE PROVIDED PROVING THE BUSINESS PURPOSE FOR THE USE.

Schedule J, Part I, Line 7 Non-fixed payments

BONUSES ARE GENERALLY AWARDED ANNUALLY AT A SET PERCENTAGE OF COMPENSATION FOR EMPLOYEES. ON A RARE OCCASION, THERE MAY BE AN ADDITIONAL BONUSES AWARDED, BUT THAT DID NOT OCCUR IN THE CURRENT FISCAL YEAR. THE BONUS IS A PERCENTAGE, DECIDED BY THE UNIVERSITY PRESIDENT, AND APPROVED BY THE BOARD EACH YEAR. EMPLOYEES WHO WERE EMPLOYED THE ENTIRE FISCAL YEAR RECEIVE 100% OF THE PERCENTAGE AWARDED. EMPLOYEES WHO WERE HIRED AFTER 7/1 BUT BEFORE 12/31 WOULD RECEIVE 50% OF THE PERCENTAGE AWARDED. EMPLOYEES WHO WERE HIRED AFTER THE FIRST OF THE YEAR ARE NOT ELIGIBLE FOR A BONUS.

Related corporations and trusts

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

• BU VENTURES INC

  C Corporation · LEAD GENERATION · NE · 100% owned · share of income $0 · share of assets $127,440 · controlled entity

  Directly controlled by BELLEVUE UNIVERSITY