Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $72,496

• 1f · All other contributions, gifts and grants

  $5,276,924

• 1g · Noncash contributions included above

  $15,500

• 2a · Program service revenue: TUITION & FEES

  total $24,177,084 · related or exempt $24,177,084

• 2b · Program service revenue: AUXILIARY REVENUE

  total $4,539,948 · related or exempt $4,539,948

• 2c · Program service revenue: STUDENT HOUSING

  total $718,985 · related or exempt $718,985

• 3 · Investment income

  total $88,916 · excluded $88,916

• 7a · Gross sales of assets other than inventory

  securities $460,624

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

  securities $0 · other assets $48,333

• 7c · Gain or loss

  securities $460,624 · other assets -$48,333

• 7d · Net gain or loss

  total $412,291 · excluded $412,291

• 8a · Fundraising events: gross income

  $30,325

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

  $72,496

• 8b · Fundraising events: direct expenses

  $35,936

• 8c · Net income from fundraising events

  total -$5,611 · excluded -$5,611

• 11a · Other revenue: OTHER INCOME

  total $128,906 · related or exempt $128,906

• 11e · Other revenue, total

  $128,906

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $11,143,089 · program services $11,143,089

• 5 · Compensation of officers, directors and key employees

  total $561,626 · program services $150,279 · management and general $411,347

• 7 · Other salaries and wages

  total $10,890,576 · program services $8,053,849 · management and general $2,133,215 · fundraising $703,512

• 8 · Pension plan contributions

  total $254,895 · program services $191,681 · management and general $46,030 · fundraising $17,184

• 9 · Other employee benefits

  total $1,396,806 · program services $1,006,860 · management and general $303,517 · fundraising $86,429

• 10 · Payroll taxes

  total $810,094 · program services $581,281 · management and general $178,916 · fundraising $49,897

• 11c · Fees: accounting

  total $96,208 · management and general $96,208

• 11g · Fees: other

  total $4,504,456 · program services $3,169,704 · management and general $1,200,606 · fundraising $134,146

• 12 · Advertising and promotion

  total $475,248 · program services $7,941 · management and general $163,085 · fundraising $304,222

• 13 · Office expenses

  total $274,749 · program services $101,317 · management and general $169,025 · fundraising $4,407

• 14 · Information technology

  total $482,866 · program services $25,616 · management and general $450,376 · fundraising $6,874

• 16 · Occupancy

  total $1,940,666 · program services $1,571,940 · management and general $368,726

• 17 · Travel

  total $340,043 · program services $238,785 · management and general $70,486 · fundraising $30,772

• 19 · Conferences, conventions and meetings

  total $99,101 · program services $91,667 · management and general $7,434

• 20 · Interest

  total $379,138 · program services $765 · management and general $377,551 · fundraising $822

• 22 · Depreciation, depletion and amortization

  total $3,052,380 · program services $2,472,428 · management and general $579,952

• 23 · Insurance

  total $455,772 · program services $358,194 · management and general $90,262 · fundraising $7,316

• 24a · Other expenses: CLASSROOM SUPPLIES

  total $619,281 · program services $136,409 · management and general $482,872

• 24b · Other expenses: MEMBERSHIPS AND DUES

  total $422,805 · program services $324,936 · management and general $96,676 · fundraising $1,193

• 24c · Other expenses: BAD DEBTS

  total $373,126 · management and general $373,126

• 24d · Other expenses: ATHLETIC EQUIPMENT AND

  total $356,384 · program services $356,384

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,741,825 · end of year $1,621,396

• 2 · Savings and temporary cash investments

  beginning of year $42,795 · end of year $82,814

• 3 · Pledges and grants receivable

  beginning of year $884,164 · end of year $692,521

• 4 · Accounts receivable

  beginning of year $780,046 · end of year $1,065,794

• 7 · Other notes and loans receivable

  beginning of year $2,106,875

• 9 · Prepaid expenses and deferred charges

  beginning of year $246,795 · end of year $419,110

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

  $80,394,485

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

  $38,256,431

• 10c · Land, buildings and equipment, net

  beginning of year $43,015,564 · end of year $42,138,054

• 11 · Investments: publicly traded securities

  beginning of year $1,418,834 · end of year $1,921,946

• 12 · Investments: other securities

  beginning of year $144,127 · end of year $144,127

• 15 · Other assets

  beginning of year $1,201,586 · end of year $1,223,737

• 17 · Accounts payable and accrued expenses

  beginning of year $1,711,874 · end of year $2,842,891

• 19 · Deferred revenue

  beginning of year $407,863 · end of year $455,176

• 23 · Secured mortgages and notes payable

  beginning of year $37,465,446 · end of year $18,904,265

• 25 · Other liabilities

  beginning of year $448,032 · end of year $20,388,829

• 27 · Net assets without donor restrictions

  beginning of year -$6,902,770 · end of year -$11,733,828

• 28 · Net assets with donor restrictions

  beginning of year $18,452,166 · end of year $18,452,166

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT OF THE COLLEGE IS GIVEN A HOUSING ALLOWANCE PER THE EMPLOYEE AGREEMENT AND THE TRAVEL FOR THE PRESIDENT'S SPOUSE IS PAID FOR SOME TRIPS WHEN DEEMED NECESSARY FOR THE COLLEGE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• SMWC REAL ESTATE FOUNDATION INC

  ACQUIRE/OWN REAL ESTATE FOR EXCLUSIVE USE OF THE COLLEGE · IN · income -$857,733 · assets $15,618,430

  Directly controlled by SAINT MARY OF THE WOODS COLLEGE

Related corporations and trusts

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

• CHARITABLE REMAINDER UNITRUST

  T · BENEFICIAL TRUST · IN