Form 990 for tax year 2023

1e · Government grants (contributions)

$7,808,663

1f · All other contributions, gifts and grants

$4,832,996

1g · Noncash contributions included above

$334,500

2a · Program service revenue: TUITION & FEES

total $89,403,336 · related or exempt $89,403,336

2b · Program service revenue: DORMITORIES AND FOOD SERVICE

total $10,696,953 · related or exempt $10,696,953

2c · Program service revenue: AUXILIARY ENTERPRISES

total $619,840 · related or exempt $458,764 · unrelated business $161,076

3 · Investment income

total $3,949,784 · unrelated business -$5,698 · excluded $3,955,482

5 · Royalties

total $7,968 · excluded $7,968

6a · Gross rents

real property $101,945

6b · Less rental expenses

real property $0

6c · Rental income or loss

real property $101,945

6d · Net rental income or loss

total $101,945 · excluded $101,945

7a · Gross sales of assets other than inventory

securities $50,555,019 · other assets $1,038,238

7b · Less cost or other basis and sales expenses

securities $34,489,534 · other assets $484,326

7c · Gain or loss

securities $16,065,485 · other assets $553,912

7d · Net gain or loss

total $16,619,397 · excluded $16,619,397

10a · Gross sales of inventory

$678,338

10b · Cost of goods sold

$424,968

10c · Net income from sales of inventory

total $253,370 · excluded $253,370

11a · Other revenue: OTHER REVENUE

total $312,285 · related or exempt $312,285

11e · Other revenue, total

$312,285

2 · Grants to domestic individuals

total $35,660,734 · program services $35,660,734

5 · Compensation of officers, directors and key employees

total $4,394,268 · program services $2,249,342 · management and general $1,773,166 · fundraising $371,760

7 · Other salaries and wages

total $40,217,328 · program services $30,765,209 · management and general $8,586,310 · fundraising $865,809

8 · Pension plan contributions

total $2,387,101 · program services $1,826,070 · management and general $509,641 · fundraising $51,390

9 · Other employee benefits

total $4,996,418 · program services $3,822,130 · management and general $1,066,724 · fundraising $107,564

10 · Payroll taxes

total $3,036,093 · program services $2,322,532 · management and general $648,199 · fundraising $65,362

11b · Fees: legal

total $353,229 · program services $40,912 · management and general $312,317

11c · Fees: accounting

total $178,633 · management and general $178,633

11f · Fees: investment management

total $85,185 · management and general $85,185

11g · Fees: other

total $4,178,386 · program services $2,825,322 · management and general $1,349,483 · fundraising $3,581

12 · Advertising and promotion

total $2,591,424 · program services $2,261,188 · management and general $308,018 · fundraising $22,218

13 · Office expenses

total $1,966,062 · program services $1,365,514 · management and general $520,772 · fundraising $79,776

14 · Information technology

total $2,390,684 · program services $1,037,570 · management and general $1,302,845 · fundraising $50,269

16 · Occupancy

total $6,036,020 · program services $1,327,361 · management and general $4,708,659

17 · Travel

total $674,466 · program services $558,677 · management and general $105,230 · fundraising $10,559

19 · Conferences, conventions and meetings

total $560,149 · program services $418,597 · management and general $66,259 · fundraising $75,293

20 · Interest

total $3,267,062 · management and general $3,267,062

22 · Depreciation, depletion and amortization

total $7,659,374 · program services $690,363 · management and general $6,967,798 · fundraising $1,213

23 · Insurance

total $2,333,742 · program services $2,333,742

24a · Other expenses: AUXILIARY-OTHER

total $2,224,109 · program services $2,224,109

24b · Other expenses: STUDENT SERVICES

total $332,532 · program services $332,532

24c · Other expenses: BAD DEBT

total $274,887 · program services $274,887

24d · Other expenses: DUES AND MEMBERSHIPS

total $271,282 · program services $81,233 · management and general $189,739 · fundraising $310

24e · All other expenses

total $53,420 · program services $37,544 · management and general $15,876

2 · Savings and temporary cash investments

beginning of year $25,678,360 · end of year $19,961,538

3 · Pledges and grants receivable

beginning of year $6,278,830 · end of year $5,552,164

4 · Accounts receivable

beginning of year $4,139,439 · end of year $3,471,220

8 · Inventories for sale or use

beginning of year $361,079 · end of year $337,351

9 · Prepaid expenses and deferred charges

beginning of year $1,556,220 · end of year $2,345,504

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

$304,983,330

10b · Land, buildings and equipment: accumulated depreciation

$148,628,115

10c · Land, buildings and equipment, net

beginning of year $161,410,069 · end of year $156,355,215

11 · Investments: publicly traded securities

beginning of year $91,712,264 · end of year $101,398,123

12 · Investments: other securities

beginning of year $22,509,325 · end of year $25,218,010

13 · Investments: program-related

beginning of year $354,484 · end of year $0

15 · Other assets

beginning of year $5,808,608 · end of year $6,628,170

17 · Accounts payable and accrued expenses

beginning of year $11,371,613 · end of year $10,463,560

19 · Deferred revenue

beginning of year $3,719,193 · end of year $2,827,260

20 · Tax-exempt bond liabilities

beginning of year $83,755,910 · end of year $81,795,975

25 · Other liabilities

beginning of year $664,655 · end of year $481,781

27 · Net assets without donor restrictions

beginning of year $127,426,945 · end of year $122,667,020

28 · Net assets with donor restrictions

beginning of year $92,870,362 · end of year $103,031,699

POOLED INCOME FUND (1)

T · ANNUITY · MD

CHARITABLE REMAINDER TRUSTS (4)

T · ANNUITY · MD