Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $22,828

• 1d · Related organizations

  $3,020,000

• 1e · Government grants (contributions)

  $1,537,940

• 1f · All other contributions, gifts and grants

  $3,533,711

• 1g · Noncash contributions included above

  $2,105

• 2a · Program service revenue: TUITION AND FEES

  total $37,993,053 · related or exempt $37,993,053

• 2b · Program service revenue: AUXILIARY

  total $8,420,756 · related or exempt $8,420,756

• 2c · Program service revenue: CONFERENCES & CAMPS

  total $18,743 · unrelated business $18,743

• 3 · Investment income

  total $209 · excluded $209

• 6a · Gross rents

  real property $62,259

• 6b · Less rental expenses

  real property $53,122

• 6c · Rental income or loss

  real property $9,137

• 6d · Net rental income or loss

  total $9,137 · unrelated business $9,137

• 7a · Gross sales of assets other than inventory

  securities $8,617,989 · other assets $314,643

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

  securities $8,537,313 · other assets $120,682

• 7c · Gain or loss

  securities $80,676 · other assets $193,961

• 7d · Net gain or loss

  total $274,637 · unrelated business $3,770 · excluded $270,867

• 8a · Fundraising events: gross income

  $12,325

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

  $22,828

• 8b · Fundraising events: direct expenses

  $13,201

• 8c · Net income from fundraising events

  total -$876 · excluded -$876

• 9a · Gaming: gross income

  $38,148

• 9b · Gaming: direct expenses

  $11,108

• 9c · Net income from gaming

  total $27,040 · excluded $27,040

• 11a · Other revenue: HOUSING MANAGEMENT

  total $484,606 · excluded $484,606

• 11e · Other revenue, total

  $484,606

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $20,209,444 · program services $20,209,444

• 3 · Grants to foreign organizations and individuals

  total $1,318,380 · program services $1,318,380

• 5 · Compensation of officers, directors and key employees

  total $799,570 · program services $91,451 · management and general $404,561 · fundraising $303,558

• 7 · Other salaries and wages

  total $13,282,340 · program services $10,183,689 · management and general $2,912,000 · fundraising $186,651

• 8 · Pension plan contributions

  total $260,296 · program services $201,733 · management and general $58,563

• 9 · Other employee benefits

  total $3,714,566 · program services $2,926,251 · management and general $788,315

• 10 · Payroll taxes

  total $1,019,731 · program services $780,364 · management and general $239,367

• 11b · Fees: legal

  total $200,922 · management and general $200,922

• 11c · Fees: accounting

  total $127,239 · management and general $127,239

• 11f · Fees: investment management

  total $244,991 · management and general $48,723 · fundraising $196,268

• 11g · Fees: other

  total $7,026,399 · program services $5,157,860 · management and general $1,857,443 · fundraising $11,096

• 12 · Advertising and promotion

  total $475,112 · program services $240,517 · management and general $127,226 · fundraising $107,369

• 13 · Office expenses

  total $449,345 · program services $286,588 · management and general $124,847 · fundraising $37,910

• 14 · Information technology

  total $132,486 · program services $67,304 · management and general $40,182 · fundraising $25,000

• 15 · Royalties

  total $1,618 · program services $1,618

• 16 · Occupancy

  total $1,642,566 · program services $297,091 · management and general $1,343,088 · fundraising $2,387

• 17 · Travel

  total $752,055 · program services $581,603 · management and general $149,628 · fundraising $20,824

• 20 · Interest

  total $401,700 · program services $349,479 · management and general $48,204 · fundraising $4,017

• 22 · Depreciation, depletion and amortization

  total $3,389,075 · program services $2,948,495 · management and general $406,689 · fundraising $33,891

• 23 · Insurance

  total $521,376 · program services $166,620 · management and general $354,756

• 24a · Other expenses: ACTIVITIES

  total $1,381,349 · program services $1,321,731 · management and general $40,599 · fundraising $19,019

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $318,318 · program services $129,570 · management and general $188,748

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $301,240 · program services $145,455 · management and general $150,629 · fundraising $5,156

• 24d · Other expenses: BAD DEBT

  total $185,200 · management and general $185,200

• 24e · All other expenses

  total $1,085,806 · program services $829,756 · management and general $254,596 · fundraising $1,454

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $384,956 · end of year $435,709

• 3 · Pledges and grants receivable

  beginning of year $1,167,853 · end of year $353,034

• 4 · Accounts receivable

  beginning of year $1,288,358 · end of year $1,839,008

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,051,039 · end of year $727,357

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

  $112,492,032

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

  $49,214,943

• 10c · Land, buildings and equipment, net

  beginning of year $65,243,161 · end of year $63,277,089

• 11 · Investments: publicly traded securities

  beginning of year $14,155,727 · end of year $16,193,051

• 15 · Other assets

  beginning of year $1,286,985 · end of year $1,026,347

• 17 · Accounts payable and accrued expenses

  beginning of year $2,777,522 · end of year $3,024,554

• 19 · Deferred revenue

  beginning of year $1,219,249 · end of year $1,149,905

• 20 · Tax-exempt bond liabilities

  beginning of year $12,537,804 · end of year $11,732,931

• 23 · Secured mortgages and notes payable

  end of year $1,910,000

• 25 · Other liabilities

  beginning of year $135,426 · end of year $133,826

• 27 · Net assets without donor restrictions

  beginning of year $49,150,410 · end of year $45,943,666

• 28 · Net assets with donor restrictions

  beginning of year $18,757,668 · end of year $19,956,713

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT OF THE UNIVERSITY RECEIVES A TAXABLE HOUSING ALLOWANCE.