Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $651,275

• 1e · Government grants (contributions)

  $2,961,930

• 1f · All other contributions, gifts and grants

  $12,037,915

• 1g · Noncash contributions included above

  $1,712,492

• 2a · Program service revenue: TUITION AND FEES

  total $112,234,225 · related or exempt $112,234,225

• 2b · Program service revenue: DORMITORY AND DINING INCOME

  total $16,294,056 · related or exempt $16,294,056

• 2c · Program service revenue: ATHLETICS

  total $626,032 · related or exempt $626,032

• 2d · Program service revenue: STUDENT SERVICES/ACTIVITIES

  total $568,471 · related or exempt $568,471

• 2e · Program service revenue: COMMISSIONS

  total $271,727 · related or exempt $271,727

• 2f · All other program service revenue

  total $59,220 · related or exempt $59,220

• 3 · Investment income

  total $3,637,053 · excluded $3,637,053

• 5 · Royalties

  total $61,310 · excluded $61,310

• 6a · Gross rents

  real property $212,809

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $212,809

• 6d · Net rental income or loss

  total $212,809 · excluded $212,809

• 7a · Gross sales of assets other than inventory

  securities $8,396,408 · other assets $89,045

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

  securities $8,263,520 · other assets $312,010

• 7c · Gain or loss

  securities $132,888 · other assets -$222,965

• 7d · Net gain or loss

  total -$90,077 · excluded -$90,077

• 8a · Fundraising events: gross income

  $97,611

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

  $651,275

• 8b · Fundraising events: direct expenses

  $640,451

• 8c · Net income from fundraising events

  total -$542,840 · excluded -$542,840

• 11a · Other revenue: FOOD SERVICE INVESTMENT

  total $538,889 · excluded $538,889

• 11b · Other revenue: COMMUNITY INVOLVEMENT

  total $263,297 · excluded $263,297

• 11c · Other revenue: ADMINISTRATIVE COST ALLOWANCE

  total $33,603 · excluded $33,603

• 11d · All other revenue

  total $135,849 · excluded $135,849

• 11e · Other revenue, total

  $971,638

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $43,918,057 · program services $43,918,057

• 3 · Grants to foreign organizations and individuals

  total $2,670,560 · program services $2,670,560

• 5 · Compensation of officers, directors and key employees

  total $3,411,785 · program services $764,449 · management and general $2,451,481 · fundraising $195,855

• 7 · Other salaries and wages

  total $43,581,772 · program services $34,064,839 · management and general $8,640,496 · fundraising $876,437

• 8 · Pension plan contributions

  total $1,343,592 · program services $1,077,723 · management and general $232,941 · fundraising $32,928

• 9 · Other employee benefits

  total $3,126,213 · program services $2,309,479 · management and general $745,296 · fundraising $71,438

• 10 · Payroll taxes

  total $3,175,462 · program services $2,475,152 · management and general $632,000 · fundraising $68,310

• 11b · Fees: legal

  total $107,994 · management and general $107,994

• 11c · Fees: accounting

  total $159,053 · management and general $159,053

• 11e · Fees: professional fundraising services

  total $51,500 · fundraising $51,500

• 11f · Fees: investment management

  total $30,875 · management and general $30,875

• 11g · Fees: other

  total $11,678,341 · program services $6,508,492 · management and general $5,108,963 · fundraising $60,886

• 12 · Advertising and promotion

  total $3,033,250 · program services $2,873,622 · management and general $141,659 · fundraising $17,969

• 13 · Office expenses

  total $3,335,308 · program services $2,092,416 · management and general $1,157,405 · fundraising $85,487

• 14 · Information technology

  total $1,373,731 · program services $603,256 · management and general $768,134 · fundraising $2,341

• 16 · Occupancy

  total $7,790,128 · program services $4,324,722 · management and general $3,458,086 · fundraising $7,320

• 17 · Travel

  total $5,188,598 · program services $4,191,066 · management and general $978,366 · fundraising $19,166

• 19 · Conferences, conventions and meetings

  total $563,480 · program services $461,295 · management and general $101,185 · fundraising $1,000

• 20 · Interest

  total $98,514 · management and general $98,514

• 22 · Depreciation, depletion and amortization

  total $7,714,591 · program services $6,989,745 · management and general $724,846

• 23 · Insurance

  total $1,867,435 · program services $568 · management and general $1,866,867

• 24a · Other expenses: TUITION REMISSION

  total $3,521,488 · program services $2,468,010 · management and general $1,053,478

• 24b · Other expenses: EQUIPMENT PURCHASE AND

  total $1,575,149 · program services $1,298,609 · management and general $276,540

• 24c · Other expenses: STUDENT FINE ARTS PRODU

  total $104,463 · program services $104,463

• 24d · Other expenses: OTHER EXPENSES

  total $10,777 · program services $7,939 · management and general $2,838

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,247,731 · end of year $12,593,705

• 2 · Savings and temporary cash investments

  beginning of year $64 · end of year $29

• 3 · Pledges and grants receivable

  end of year $0

• 4 · Accounts receivable

  beginning of year $3,445,333 · end of year $3,826,724

• 8 · Inventories for sale or use

  beginning of year $68,827 · end of year $38,181

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,575,172 · end of year $2,182,729

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

  $248,289,864

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

  $124,828,244

• 10c · Land, buildings and equipment, net

  beginning of year $129,305,014 · end of year $123,461,620

• 12 · Investments: other securities

  beginning of year $71,187,535 · end of year $79,618,102

• 15 · Other assets

  beginning of year $7,426,486 · end of year $9,089,939

• 17 · Accounts payable and accrued expenses

  beginning of year $3,822,504 · end of year $3,850,292

• 19 · Deferred revenue

  beginning of year $3,484,733 · end of year $1,992,689

• 23 · Secured mortgages and notes payable

  beginning of year $4,274,868 · end of year $4,065,407

• 25 · Other liabilities

  beginning of year $2,144,240 · end of year $2,248,342

• 27 · Net assets without donor restrictions

  beginning of year $141,717,279 · end of year $135,751,114

• 28 · Net assets with donor restrictions

  beginning of year $69,812,538 · end of year $82,903,185

The filer's explanations (Part III)

PART II

COLUMN B(I) - AMOUNTS IN COLUMN INCLUDE, BUT ARE NOT LIMITED TO, CONTRACTUAL PAY. COLUMN B(III) - (1) A DEFERRED COMPENSATION ARRANGEMENT WAS ENTERED INTO FOR YEARS BEGINNING IN 2000 (LATER REVISED.) INCLUDES AMOUNTS FOR HOUSING, MILEAGE EXPENSE, WELLNESS AWARD, TAXABLE GROUP TERM LIFE, TAXABLE FRINGE BENEFITS, AND CONTRIBUTION TO COOK'S 403(B) PLAN; AS WELL AS HOUSING, TUITION REMISSION BENEFITS, MILEAGE EXPENSE, WELLNESS AWARD, TAXABLE FRINGE BENEFITS, TAXABLE GROUP TERM LIFE FOR OTHERS; AND CONTRIBUTION TO WRIGHT'S 403(B). COLUMN C - (2) INCLUDES DEFERRED COMPENSATION PROVIDED IN 2000, WHICH VESTED IN 2019, BUT IS NOT PAID (FOR COOK), AS WELL AS NONTAXABLE RETIREMENT EMPLOYER CONTRIBUTIONS. COLUMN D - (3) AMOUNTS IN COLUMN D PROVIDE FOR THE NONTAXABLE VALUE OF CAMPUS HOUSING UNDER SECTION 119 FOR COOK, WRIGHT AND/OR NONTAXABLE MEDICAL BENEFITS FOR ALL.