Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $19,585

• 1e · Government grants (contributions)

  $2,616,384

• 1f · All other contributions, gifts and grants

  $7,425,258

• 1g · Noncash contributions included above

  $298,125

• 2a · Program service revenue: TUITION AND FEES

  total $67,708,881 · related or exempt $67,708,881

• 2b · Program service revenue: RESIDENCE HALL - RM & BO

  total $8,510,015 · related or exempt $8,510,015

• 2c · Program service revenue: FOOD SERVICE/ATHLETICS/BOOKSTORE

  total $1,977,904 · related or exempt $1,741,219 · unrelated business $236,685

• 3 · Investment income

  total $662,831 · excluded $662,831

• 6a · Gross rents

  real property $134,043

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $134,043

• 6d · Net rental income or loss

  total $134,043 · excluded $134,043

• 7a · Gross sales of assets other than inventory

  securities $31,477,987 · other assets $2,150,000

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

  securities $29,878,982 · other assets $4,643,807

• 7c · Gain or loss

  securities $1,599,005 · other assets -$2,493,807

• 7d · Net gain or loss

  total -$894,802 · excluded -$894,802

• 8a · Fundraising events: gross income

  $92,331

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

  $19,585

• 8b · Fundraising events: direct expenses

  $61,991

• 8c · Net income from fundraising events

  total $30,340 · excluded $30,340

• 11a · Other revenue: NET PROCEEDS FROM INSURANCE CLAIM

  total $6,476,610 · excluded $6,476,610

• 11b · Other revenue: EMPLOYEE RETENTION CREDIT

  total $3,184,438 · excluded $3,184,438

• 11c · Other revenue: OTHER INCOME

  total $2,081,543 · related or exempt $2,081,543

• 11e · Other revenue, total

  $11,742,591

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $34,081,955 · program services $34,081,955

• 5 · Compensation of officers, directors and key employees

  total $1,259,370 · program services $367,587 · management and general $740,415 · fundraising $151,368

• 7 · Other salaries and wages

  total $27,604,773 · program services $21,455,288 · management and general $5,363,822 · fundraising $785,663

• 8 · Pension plan contributions

  total $958,724 · program services $741,065 · management and general $185,266 · fundraising $32,393

• 9 · Other employee benefits

  total $5,774,981 · program services $4,388,986 · management and general $1,212,746 · fundraising $173,249

• 10 · Payroll taxes

  total $2,207,721 · program services $1,677,868 · management and general $463,621 · fundraising $66,232

• 11b · Fees: legal

  total $258,670 · management and general $258,670

• 11c · Fees: accounting

  total $54,235 · management and general $54,235

• 14 · Information technology

  total $55,000 · management and general $55,000

• 20 · Interest

  total $1,697,606 · program services $1,442,965 · management and general $220,689 · fundraising $33,952

• 22 · Depreciation, depletion and amortization

  total $6,349,742 · program services $5,397,281 · management and general $825,466 · fundraising $126,995

• 24a · Other expenses: ACADEMIC SUPPORT

  total $10,656,013 · program services $10,656,013

• 24b · Other expenses: INSTITUTIONAL SUPPORT

  total $6,539,957 · management and general $6,252,855 · fundraising $287,102

• 24c · Other expenses: INSTRUCTION

  total $3,876,611 · program services $3,876,611

• 24d · Other expenses: MISCELLANEOUS

  total $1,945,050 · program services $1,310,227 · management and general $634,823

• 24e · All other expenses

  total $1,258,124 · management and general $1,258,124

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,298,463 · end of year $16,337,516

• 2 · Savings and temporary cash investments

  beginning of year $3,149,794 · end of year $2,894,564

• 3 · Pledges and grants receivable

  beginning of year $10,264,708 · end of year $8,041,140

• 4 · Accounts receivable

  beginning of year $3,301,538 · end of year $6,751,672

• 7 · Other notes and loans receivable

  beginning of year $1,794,638 · end of year $958,677

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

  $264,446,627

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

  $167,414,341

• 10c · Land, buildings and equipment, net

  beginning of year $104,577,084 · end of year $97,032,286

• 12 · Investments: other securities

  beginning of year $158,044,405 · end of year $141,563,398

• 15 · Other assets

  beginning of year $1,056,149 · end of year $2,490,026

• 17 · Accounts payable and accrued expenses

  beginning of year $12,442,477 · end of year $10,516,795

• 19 · Deferred revenue

  beginning of year $4,973,731 · end of year $5,489,254

• 20 · Tax-exempt bond liabilities

  beginning of year $45,532,628 · end of year $42,587,625

• 23 · Secured mortgages and notes payable

  beginning of year $227,192 · end of year $204,370

• 25 · Other liabilities

  beginning of year $6,803,148 · end of year $6,879,219

• 27 · Net assets without donor restrictions

  beginning of year $80,275,986 · end of year $70,014,105

• 28 · Net assets with donor restrictions

  beginning of year $139,231,617 · end of year $140,377,911

The filer's explanations (Part III)

PART 1, LINE 1A:

THE UNIVERSITY PAID FOR HEALTH AND SOCIAL CLUB DUES OR COUNTRY CLUB DUES FOR TWO OF THE OFFICERS/HIGHEST COMPENSATED EMPLOYEES LISTED IN PART VII. CANISIUS WILL ONLY REIMBURSE A BUSINESS EXPENSE WHEN ALL THREE OF THE FOLLOWING IRS REQUIREMENTS ARE MET: 1) THE EXPENSE MUST HAVE BUSINESS CONNECTION (I.E., THE EXPENSES MUST BE INCURRED WHILE PERFORMING SERVICES ON BEHALF OF THE UNIVERSITY), 2) THE EXPENSES MUST BE ADEQUATELY SUBSTANTIATED BY THE EMPLOYEE WITHIN A REASONABLE PERIOD OF TIME; AND 3) THE EMPLOYEE MUST RETURN ANY EXCESS REIMBURSEMENT OF ALLOWANCE WITHIN A REASONABLE PERIOD OF TIME. A PORTION OF THESE DUES WERE TAXABLE BASED ON THE PERCENTAGE OF NON-BUSINESS TO BUSINESS USE FOR EACH EMPLOYEE. THE UNIVERSITY "GROSSED UP" THE APPLICABLE NON-BUSINESS EXPENSES AND INCLUDED IN THE EMPLOYEES' W-2 AS ADDITIONAL TAXABLE COMPENSATION.