Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $58,490

• 1e · Government grants (contributions)

  $2,660,599

• 1f · All other contributions, gifts and grants

  $16,139,187

• 1g · Noncash contributions included above

  $58,502

• 2a · Program service revenue: TUITION AND FEES

  total $104,537,772 · related or exempt $104,537,772

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $20,145,721 · related or exempt $20,145,721

• 2c · Program service revenue: ISLAND SPORTS CENTER

  total $6,016,488 · unrelated business $6,016,488

• 2d · Program service revenue: OTHER REVENUE

  total $3,591,689 · related or exempt $3,591,689

• 2e · Program service revenue: EVENT CENTER

  total $1,047,257 · unrelated business $1,047,257

• 2f · All other program service revenue

  total $429,677 · related or exempt $413,597 · unrelated business $16,080

• 3 · Investment income

  total $1,616,747 · excluded $1,616,747

• 7a · Gross sales of assets other than inventory

  securities $7,656,832 · other assets $1,892,478

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

  securities $8,033,881 · other assets $2,472,405

• 7c · Gain or loss

  securities -$377,049 · other assets -$579,927

• 7d · Net gain or loss

  total -$956,976 · excluded -$956,976

• 8a · Fundraising events: gross income

  $13,160

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

  $58,490

• 8b · Fundraising events: direct expenses

  $21,316

• 8c · Net income from fundraising events

  total -$8,156 · excluded -$8,156

• 9a · Gaming: gross income

  $16,080

• 9b · Gaming: direct expenses

  $16,080

• 9c · Net income from gaming

  total $0

• 11a · Other revenue: PARKING

  total $425,868 · excluded $425,868

• 11e · Other revenue, total

  $425,868

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $43,400 · program services $43,400

• 2 · Grants to domestic individuals

  total $44,710,838 · program services $44,710,838

• 3 · Grants to foreign organizations and individuals

  total $442,258 · program services $442,258

• 5 · Compensation of officers, directors and key employees

  total $3,843,985 · program services $2,996,002 · management and general $785,326 · fundraising $62,657

• 6 · Compensation of disqualified persons

  total $362,304 · program services $341,689 · management and general $181 · fundraising $20,434

• 7 · Other salaries and wages

  total $45,486,828 · program services $43,135,159 · management and general $1,100,781 · fundraising $1,250,888

• 8 · Pension plan contributions

  total $2,731,623 · program services $2,590,398 · management and general $66,105 · fundraising $75,120

• 9 · Other employee benefits

  total $8,434,933 · program services $7,998,847 · management and general $204,125 · fundraising $231,961

• 10 · Payroll taxes

  total $3,508,148 · program services $3,326,777 · management and general $84,897 · fundraising $96,474

• 11b · Fees: legal

  total $200,647 · program services $189,230 · management and general $100 · fundraising $11,317

• 11c · Fees: accounting

  total $236,032 · program services $222,602 · management and general $118 · fundraising $13,312

• 11g · Fees: other

  total $22,953,665 · program services $21,647,603 · management and general $11,475 · fundraising $1,294,587

• 12 · Advertising and promotion

  total $625,741 · program services $590,136 · management and general $313 · fundraising $35,292

• 13 · Office expenses

  total $1,270,231 · program services $1,197,955 · management and general $635 · fundraising $71,641

• 14 · Information technology

  total $3,789,206 · program services $3,573,600 · management and general $1,895 · fundraising $213,711

• 16 · Occupancy

  total $3,357,247 · program services $3,166,219 · management and general $1,679 · fundraising $189,349

• 17 · Travel

  total $2,794,323 · program services $2,635,326 · management and general $1,397 · fundraising $157,600

• 20 · Interest

  total $3,935,718 · program services $3,711,776 · management and general $1,968 · fundraising $221,974

• 22 · Depreciation, depletion and amortization

  total $11,633,581 · program services $10,971,630 · management and general $5,817 · fundraising $656,134

• 23 · Insurance

  total $1,303,724 · program services $1,229,542 · management and general $652 · fundraising $73,530

• 24a · Other expenses: BAD DEBT

  total $1,075,804 · program services $1,014,591 · management and general $538 · fundraising $60,675

• 24b · Other expenses: NON CAP EQUIPMENT

  total $823,450 · program services $776,595 · management and general $412 · fundraising $46,443

• 24c · Other expenses: DUES/SUBSCRIPTIONS

  total $780,348 · program services $735,946 · management and general $390 · fundraising $44,012

• 24d · Other expenses: PROF. DEVELOPMENT

  total $202,571 · program services $191,045 · management and general $101 · fundraising $11,425

• 24e · All other expenses

  total $996,930 · program services $940,205 · management and general $498 · fundraising $56,227

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $235,344 · end of year $334,117

• 2 · Savings and temporary cash investments

  beginning of year $29,067,692 · end of year $20,762,921

• 3 · Pledges and grants receivable

  beginning of year $7,772,713 · end of year $11,731,208

• 4 · Accounts receivable

  beginning of year $3,104,597 · end of year $4,335,999

• 5 · Loans and receivables from officers and key people

  beginning of year $710,177 · end of year $710,177

• 7 · Other notes and loans receivable

  beginning of year $2,153 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $251,839 · end of year $296,794

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,026,740 · end of year $1,060,324

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

  $359,545,368

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

  $195,059,377

• 10c · Land, buildings and equipment, net

  beginning of year $172,269,693 · end of year $164,485,991

• 11 · Investments: publicly traded securities

  beginning of year $31,530,037 · end of year $31,397,719

• 12 · Investments: other securities

  beginning of year $13,534,310 · end of year $14,127,811

• 15 · Other assets

  beginning of year $10,218,101 · end of year $18,568,242

• 17 · Accounts payable and accrued expenses

  beginning of year $19,943,253 · end of year $21,077,109

• 19 · Deferred revenue

  beginning of year $9,391,475 · end of year $8,327,753

• 20 · Tax-exempt bond liabilities

  beginning of year $48,304,383 · end of year $46,741,360

• 23 · Secured mortgages and notes payable

  beginning of year $37,046,777 · end of year $47,276,768

• 25 · Other liabilities

  beginning of year $924,553 · end of year $862,798

• 27 · Net assets without donor restrictions

  beginning of year $110,394,180 · end of year $97,805,272

• 28 · Net assets with donor restrictions

  beginning of year $43,718,775 · end of year $45,720,243

The filer's explanations (Part III)

PART I, LINE 1A

THE UNIVERSITY PRESIDENT IS PROVIDED A TAXABLE HOUSING ALLOWANCE OF 4,000 PER MONTH IN LIEU OF UNIVERSITY-PROVIDED HOUSING. THE UNIVERSITY PRESIDENT, ATHLETIC DIRECTOR, AND HEAD COACH, MENS BASKETBALL, HAVE SOCIAL CLUB AND/OR COUNTRY CLUB MEMBERSHIPS FOR ENTERTAINMENT OF BUSINESS PARTNERS, DONORS, AND POTENTIAL DONORS. THE UNIVERSITY PAYS THE MEMBERSHIP DUES ON BEHALF OF THESE EMPLOYEES. THERE ARE ALSO OCCASIONAL BOARD RETREATS WHERE SPOUSES OF TRUSTEES AND EXECUTIVE MANAGEMENT ARE INVITED TO PARTICIPANT IN SELECT BUSINESS/SOCIAL FUNCTIONS.

PART I, LINE 4A:

SEVERANCE PAYMENTS WERE MADE DURING THE YEAR TO THE FOLLOWING LISTED PERSON IN PART VII: MARY ANN RAFOTH: $104,936 JONATHAN POTTS: $67,332 PART I, LINE 4B: ELIGIBLE EMPLOYEES PARTICIPATE IN VARIOUS NONQUALIFIED DEFERRED COMPENSATION PLANS UNDER CODE SECTION 457(F). THE EXACT PURPOSE OF EACH PLAN VARIES. NO SUPPLEMENTAL NONQUALIFIED PLAN PAYMENTS WERE MADE DURING THE YEAR TO ANY PERSONS LISTED IN PART VII. IN ADDITION, THE ORGANIZATION HAS CONTINUED A SPLIT DOLLAR LIFE INSURANCE ARRANGEMENT WITH ITS FORMER PRESIDENT. THE ORGANIZATION MADE NO PREMIUM PAYMENTS DURING THE YEAR UNDER THE ARRANGEMENT.

Related corporations and trusts

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

• RMC COLONIAL CORPORATION

  C · INACTIVE · PA · 100% owned · controlled entity

  Directly controlled by ROBERT MORRIS UNIVERSITY