Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $3,167,733

• 1f · All other contributions, gifts and grants

  $18,924,178

• 1g · Noncash contributions included above

  $3,050,696

• 2a · Program service revenue: TUITION AND FEES

  total $94,760,392 · related or exempt $94,760,392

• 2b · Program service revenue: STUDENT HOUSING

  total $12,705,205 · related or exempt $12,705,205

• 2c · Program service revenue: DINING SERVICES

  total $8,111,384 · related or exempt $8,111,384

• 2d · Program service revenue: OTHER PROGRAM SERVICE REVENUE

  total $3,502,877 · related or exempt $3,502,877

• 3 · Investment income

  total $3,888,378 · excluded $3,888,378

• 6a · Gross rents

  real property $6,328

• 6b · Less rental expenses

  real property $4,182

• 6c · Rental income or loss

  real property $2,146

• 6d · Net rental income or loss

  total $2,146 · excluded $2,146

• 7a · Gross sales of assets other than inventory

  securities $100,122,582 · other assets $1,467,610

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

  securities $96,077,719 · other assets $1,939,725

• 7c · Gain or loss

  securities $4,044,863 · other assets -$472,115

• 7d · Net gain or loss

  total $3,572,748 · excluded $3,572,748

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $233,946 · program services $233,946

• 2 · Grants to domestic individuals

  total $63,026,901 · program services $63,026,901

• 5 · Compensation of officers, directors and key employees

  total $1,847,964 · program services $261,435 · management and general $1,383,106 · fundraising $203,423

• 7 · Other salaries and wages

  total $39,687,607 · program services $32,260,811 · management and general $4,800,444 · fundraising $2,626,352

• 8 · Pension plan contributions

  total $2,053,140 · program services $1,607,604 · management and general $305,658 · fundraising $139,878

• 9 · Other employee benefits

  total $6,207,452 · program services $4,860,419 · management and general $924,126 · fundraising $422,907

• 10 · Payroll taxes

  total $2,891,783 · program services $2,264,259 · management and general $430,510 · fundraising $197,014

• 11b · Fees: legal

  total $225,125 · management and general $225,125

• 11c · Fees: accounting

  total $198,340 · management and general $198,340

• 11f · Fees: investment management

  total $771,439 · program services $168,361 · management and general $603,078

• 11g · Fees: other

  total $12,549,334 · program services $9,789,406 · management and general $2,708,787 · fundraising $51,141

• 12 · Advertising and promotion

  total $69,320 · program services $46,664 · management and general $21,493 · fundraising $1,163

• 13 · Office expenses

  total $2,195,147 · program services $1,635,643 · management and general $383,251 · fundraising $176,253

• 14 · Information technology

  total $1,077,724 · program services $366,831 · management and general $710,893

• 16 · Occupancy

  total $12,995,042 · program services $11,955,940 · management and general $1,034,419 · fundraising $4,683

• 17 · Travel

  total $1,869,301 · program services $1,675,116 · management and general $80,575 · fundraising $113,610

• 19 · Conferences, conventions and meetings

  total $1,785,694 · program services $1,148,468 · management and general $368,686 · fundraising $268,540

• 20 · Interest

  total $2,492,271 · program services $2,492,271

• 22 · Depreciation, depletion and amortization

  total $7,503,486 · program services $7,075,410 · management and general $428,076

• 23 · Insurance

  total $1,741,824 · program services $2,846 · management and general $1,736,978 · fundraising $2,000

• 24a · Other expenses: MISC ATHLETICS

  total $2,936,649 · program services $2,936,649

• 24b · Other expenses: MISC GLOBAL ED

  total $2,533,205 · program services $2,532,107 · management and general $1,098

• 24c · Other expenses: OTHER

  total $1,632,514 · program services $1,495,894 · management and general $116,657 · fundraising $19,963

• 24d · Other expenses: MISC LIBRARY

  total $1,047,289 · program services $1,047,289

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $21,277,871 · end of year $9,997,516

• 3 · Pledges and grants receivable

  beginning of year $9,326,775 · end of year $12,980,079

• 4 · Accounts receivable

  beginning of year $1,071,729 · end of year $2,068,848

• 7 · Other notes and loans receivable

  beginning of year $1,541,551 · end of year $1,184,024

• 9 · Prepaid expenses and deferred charges

  beginning of year $3,500,907 · end of year $2,311,432

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

  $318,875,896

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

  $164,208,935

• 10c · Land, buildings and equipment, net

  beginning of year $154,476,976 · end of year $154,666,961

• 11 · Investments: publicly traded securities

  beginning of year $113,563,636 · end of year $112,136,022

• 12 · Investments: other securities

  beginning of year $122,585,303 · end of year $122,178,014

• 15 · Other assets

  beginning of year $2,634,348 · end of year $2,444,633

• 17 · Accounts payable and accrued expenses

  beginning of year $11,207,235 · end of year $12,231,582

• 18 · Grants payable

  beginning of year $4,494 · end of year $4,494

• 19 · Deferred revenue

  beginning of year $3,440,123 · end of year $2,714,063

• 20 · Tax-exempt bond liabilities

  beginning of year $21,227,578 · end of year $20,284,779

• 23 · Secured mortgages and notes payable

  beginning of year $36,372,387 · end of year $36,013,137

• 25 · Other liabilities

  beginning of year $8,380,725 · end of year $7,071,682

• 27 · Net assets without donor restrictions

  beginning of year $119,566,021 · end of year $134,157,587

• 28 · Net assets with donor restrictions

  beginning of year $229,780,533 · end of year $207,490,205

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: DURING CALENDAR YEAR 2021, PRESIDENT JOYCE JACOBSEN WAS PROVIDED HOUSING AS A CONDITION OF HER EMPLOYMENT AND FOR THE CONVENIENCE OF THE COLLEGES. THE FAIR MARKET VALUE OF THE HOUSING ALLOWANCE AND PERSONAL MAID SERVICES ARE INCLUDED AS A NON-TAXABLE BENEFIT IN SCHEDULE J, COLUMN (D).

PART I, LINE 4A

DURING 2023 JOYCE JACOBSEN, FORMER PRESIDENT OF HOBART AND WILLIAM SMITH COLLEGES, RECEIVED PAYMENTS OF $325,000.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUST (1)

  T · CRAT · NY · controlled entity

• CHARITABLE REMAINDER UNITRUST (3)

  T · CRUT · NY · controlled entity

• POOLED INCOME FUND

  T · POOLED INCOME FUND · NY · controlled entity