Form 990 for tax year 2023

1c · Fundraising events

$51,201

1d · Related organizations

$502,100

1e · Government grants (contributions)

$1,118,236

1f · All other contributions, gifts and grants

$12,416,243

1g · Noncash contributions included above

$391,997

2a · Program service revenue: TUITION & FEES

total $92,430,690 · related or exempt $92,430,690

2b · Program service revenue: AUXILIARY SERVICES

total $14,692,283 · related or exempt $14,675,078 · unrelated business $17,205

2c · Program service revenue: OTHER STUDENT FEES

total $3,037,758 · related or exempt $3,037,758

3 · Investment income

total $1,736,751 · excluded $1,736,751

6a · Gross rents

personal property $17,457

6b · Less rental expenses

personal property $4,980

6c · Rental income or loss

personal property $12,477

6d · Net rental income or loss

total $12,477 · unrelated business $12,477

7a · Gross sales of assets other than inventory

securities $30,772,071

7b · Less cost or other basis and sales expenses

securities $29,625,936

7c · Gain or loss

securities $1,146,135

7d · Net gain or loss

total $1,146,135 · excluded $1,146,135

8a · Fundraising events: gross income

$22,844

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

$51,201

8b · Fundraising events: direct expenses

$53,939

8c · Net income from fundraising events

total -$31,095 · excluded -$31,095

10a · Gross sales of inventory

$842,749

10b · Cost of goods sold

$819,443

10c · Net income from sales of inventory

total $23,306 · related or exempt $23,306

2 · Grants to domestic individuals

total $36,820,712 · program services $36,820,712

3 · Grants to foreign organizations and individuals

total $118,627 · program services $118,627

5 · Compensation of officers, directors and key employees

total $1,093,767 · program services $511,858 · management and general $227,076 · fundraising $354,833

7 · Other salaries and wages

total $37,708,001 · program services $27,561,190 · management and general $9,825,321 · fundraising $321,490

8 · Pension plan contributions

total $731,271 · program services $540,304 · management and general $179,333 · fundraising $11,634

9 · Other employee benefits

total $8,995,283 · program services $6,652,478 · management and general $2,200,123 · fundraising $142,682

10 · Payroll taxes

total $2,704,575 · program services $1,957,912 · management and general $700,758 · fundraising $45,905

11b · Fees: legal

total $391,266 · program services $3,045 · management and general $388,221

11c · Fees: accounting

total $113,154 · management and general $113,154

11d · Fees: lobbying

total $155,443 · management and general $155,443

11g · Fees: other

total $4,112,327 · program services $2,001,781 · management and general $2,015,686 · fundraising $94,860

12 · Advertising and promotion

total $3,952,897 · program services $270,897 · management and general $3,607,224 · fundraising $74,776

13 · Office expenses

total $2,869,220 · program services $1,545,731 · management and general $1,289,257 · fundraising $34,232

14 · Information technology

total $1,916,501 · program services $186,525 · management and general $1,729,976

16 · Occupancy

total $3,566,432 · program services $540,717 · management and general $3,025,715

17 · Travel

total $2,529,673 · program services $2,215,019 · management and general $296,942 · fundraising $17,712

20 · Interest

total $2,282,751 · program services $1,849,028 · management and general $433,723

22 · Depreciation, depletion and amortization

total $5,160,862 · program services $4,180,298 · management and general $980,564

23 · Insurance

total $1,203,288 · management and general $1,203,288

24a · Other expenses: DUES MEMBERSHIP & LICEN

total $5,306,663 · program services $5,306,663

24b · Other expenses: OTHER EXPENSES

total $3,173,231 · program services $2,496,766 · management and general $637,394 · fundraising $39,071

24c · Other expenses: REPAIRS & MAINTENENCE

total $252,784 · program services $12,109 · management and general $240,675

1 · Cash, non-interest-bearing

beginning of year $7,105,101 · end of year $9,021,443

2 · Savings and temporary cash investments

beginning of year $357,763 · end of year $1,465,666

3 · Pledges and grants receivable

beginning of year $4,848,460 · end of year $1,421,454

4 · Accounts receivable

beginning of year $3,054,831 · end of year $4,412,988

8 · Inventories for sale or use

beginning of year $745,366 · end of year $821,774

9 · Prepaid expenses and deferred charges

beginning of year $794,497 · end of year $1,034,400

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

$236,052,834

10b · Land, buildings and equipment: accumulated depreciation

$127,338,394

10c · Land, buildings and equipment, net

beginning of year $110,598,119 · end of year $108,714,440

11 · Investments: publicly traded securities

beginning of year $77,378,191 · end of year $89,896,821

12 · Investments: other securities

beginning of year $15,869,431 · end of year $18,918,402

13 · Investments: program-related

beginning of year $168,772 · end of year $1,053

17 · Accounts payable and accrued expenses

beginning of year $2,916,904 · end of year $3,630,532

19 · Deferred revenue

beginning of year $2,623,404 · end of year $2,432,246

20 · Tax-exempt bond liabilities

beginning of year $47,641,825 · end of year $47,513,177

25 · Other liabilities

beginning of year $26,499,310 · end of year $21,770,721

27 · Net assets without donor restrictions

beginning of year $42,331,381 · end of year $44,391,310

28 · Net assets with donor restrictions

beginning of year $98,907,707 · end of year $115,970,455

ROYALS INVESTMENT FUND LLC

INVESTMENT INCOME · INVESTMENT FUND · MN · general or managing partner

Directly controlled by BETHEL UNIVERSITY