Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $201,286

• 1d · Related organizations

  $2,967,784

• 1e · Government grants (contributions)

  $283,415

• 1f · All other contributions, gifts and grants

  $16,459,667

• 1g · Noncash contributions included above

  $1,370,198

• 2a · Program service revenue: TUITION AND FEES

  total $32,527,208 · related or exempt $32,527,208

• 2b · Program service revenue: FACULTY AND STUDENT HOUSING

  total $13,358,996 · related or exempt $13,358,996

• 2c · Program service revenue: MISCELLANEOUS PROGRAM REVENUE

  total $4,666,080 · related or exempt $4,666,080

• 3 · Investment income

  total $1,271,021 · excluded $1,271,021

• 5 · Royalties

  total $45,475 · excluded $45,475

• 6a · Gross rents

  real property $592,052

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $592,052

• 6d · Net rental income or loss

  total $592,052 · excluded $592,052

• 7a · Gross sales of assets other than inventory

  securities $25,212,000

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

  securities $25,343,964 · other assets $8,467

• 7c · Gain or loss

  securities -$131,964 · other assets -$8,467

• 7d · Net gain or loss

  total -$140,431 · excluded -$140,431

• 8a · Fundraising events: gross income

  $114,340

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

  $201,286

• 8b · Fundraising events: direct expenses

  $156,349

• 8c · Net income from fundraising events

  total -$42,009 · excluded -$42,009

• 10a · Gross sales of inventory

  $422,788

• 10b · Cost of goods sold

  $239,456

• 10c · Net income from sales of inventory

  total $183,332 · excluded $183,332

• 11a · Other revenue: CHANGE IN SPLIT INT AGREEMENT

  total $213,546 · related or exempt $213,546

• 11e · Other revenue, total

  $213,546

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $20,056,071 · program services $20,056,071

• 5 · Compensation of officers, directors and key employees

  total $2,510,144 · program services $2,041,585 · management and general $298,385 · fundraising $170,174

• 7 · Other salaries and wages

  total $14,103,366 · program services $11,470,743 · management and general $1,676,489 · fundraising $956,134

• 8 · Pension plan contributions

  total $146,986 · program services $119,548 · management and general $17,472 · fundraising $9,966

• 9 · Other employee benefits

  total $1,948,757 · program services $1,584,989 · management and general $231,652 · fundraising $132,116

• 10 · Payroll taxes

  total $1,389,969 · program services $1,130,508 · management and general $165,228 · fundraising $94,233

• 11b · Fees: legal

  total $796,771 · program services $122,516 · management and general $638,925 · fundraising $35,330

• 11c · Fees: accounting

  total $160,428 · program services $120,898 · management and general $28,912 · fundraising $10,618

• 11g · Fees: other

  total $1,212,126 · program services $186,384 · management and general $971,995 · fundraising $53,747

• 12 · Advertising and promotion

  total $702,769 · program services $558,944 · management and general $96,274 · fundraising $47,551

• 13 · Office expenses

  total $1,479,479 · program services $1,176,695 · management and general $202,678 · fundraising $100,106

• 14 · Information technology

  total $796,146 · program services $633,210 · management and general $109,066 · fundraising $53,870

• 16 · Occupancy

  total $5,731,764 · program services $4,558,726 · management and general $785,210 · fundraising $387,828

• 17 · Travel

  total $988,216 · program services $785,972 · management and general $135,378 · fundraising $66,866

• 19 · Conferences, conventions and meetings

  total $210,721 · program services $167,596 · management and general $28,867 · fundraising $14,258

• 20 · Interest

  total $5,028,208 · program services $3,720,875 · management and general $1,005,640 · fundraising $301,693

• 22 · Depreciation, depletion and amortization

  total $4,646,787 · program services $3,438,622 · management and general $929,358 · fundraising $278,807

• 23 · Insurance

  total $1,003,892 · program services $798,440 · management and general $137,526 · fundraising $67,926

• 24a · Other expenses: STUDENT ACTIVITIES

  total $3,922,934 · program services $3,120,083 · management and general $537,414 · fundraising $265,437

• 24b · Other expenses: LIBRARY AND ACADEMIC SU

  total $947,546 · program services $753,625 · management and general $129,807 · fundraising $64,114

• 24c · Other expenses: ATHLETIC EXPENSES

  total $673,764 · program services $535,874 · management and general $92,301 · fundraising $45,589

• 24d · Other expenses: DUES & SUBSCRIPTIONS

  total $481,541 · program services $382,991 · management and general $65,968 · fundraising $32,582

• 24e · All other expenses

  total $1,196,081 · program services $951,295 · management and general $163,855 · fundraising $80,931

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $22,689,902 · end of year $24,580,938

• 3 · Pledges and grants receivable

  beginning of year $581,050 · end of year $1,901,257

• 4 · Accounts receivable

  beginning of year $1,469,145 · end of year $913,077

• 7 · Other notes and loans receivable

  beginning of year $324,977 · end of year $175,313

• 8 · Inventories for sale or use

  beginning of year $87,520 · end of year $136,353

• 9 · Prepaid expenses and deferred charges

  beginning of year $277,898 · end of year $408,661

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

  $259,864,797

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

  $69,876,204

• 10c · Land, buildings and equipment, net

  beginning of year $178,937,616 · end of year $189,988,593

• 11 · Investments: publicly traded securities

  beginning of year $34,936,419 · end of year $25,396,705

• 15 · Other assets

  beginning of year $2,704,544 · end of year $3,260,476

• 17 · Accounts payable and accrued expenses

  beginning of year $5,504,222 · end of year $3,141,305

• 20 · Tax-exempt bond liabilities

  beginning of year $53,830,000 · end of year $55,957,300

• 23 · Secured mortgages and notes payable

  beginning of year $160,715 · end of year $120,235

• 25 · Other liabilities

  beginning of year $1,045,433 · end of year $1,430,274

• 27 · Net assets without donor restrictions

  beginning of year $144,339,066 · end of year $152,503,066

• 28 · Net assets with donor restrictions

  beginning of year $37,129,635 · end of year $33,609,193

The filer's explanations (Part III)

PART I, LINE 1A

THE UNIVERSITY PRESIDENT IS PROVIDED A RESIDENCE NEAR CAMPUS AS AN ORDINARY AND NECESSARY EXPENSE TO BE ACCESSIBLE AND AVAILABLE TO FACULTY, ADMINISTRATION, AND STUDENTS.