Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,458,229

• 1f · All other contributions, gifts and grants

  $10,217,101

• 1g · Noncash contributions included above

  $264,594

• 2a · Program service revenue: TUITION AND FEES

  total $69,068,983 · related or exempt $69,068,983

• 2b · Program service revenue: CLINIC REVENUE

  total $1,561,296 · related or exempt $1,561,296

• 2c · Program service revenue: AUXILIARY ENTERPRISES

  total $445,755 · related or exempt $445,755

• 2d · Program service revenue: INT ON LOANS RECEIVABL

  total $96,013 · excluded $96,013

• 2e · Program service revenue: REGSTRTN FEES & LIBRAR

  total $75,563 · excluded $75,563

• 3 · Investment income

  total $2,346,514 · excluded $2,346,514

• 6a · Gross rents

  real property $2,643,141

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $2,643,141

• 6d · Net rental income or loss

  total $2,643,141 · excluded $2,643,141

• 7a · Gross sales of assets other than inventory

  securities $2,791,810

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

  securities $2,191,649 · other assets $104,623

• 7c · Gain or loss

  securities $600,161 · other assets -$104,623

• 7d · Net gain or loss

  total $495,538 · excluded $495,538

• 10a · Gross sales of inventory

  $1,981,943

• 10b · Cost of goods sold

  $1,306,197

• 10c · Net income from sales of inventory

  total $675,746 · excluded $675,746

• 11a · Other revenue: RESEARCH EXP RECOVERY

  total $219,888 · excluded $219,888

• 11b · Other revenue: SUNDRY INCOME

  total $74,644 · excluded $74,644

• 11c · Other revenue: CAMPUS BASE ADMIN INC

  total $41,387 · excluded $41,387

• 11d · All other revenue

  total $17,130 · unrelated business $17,130

• 11e · Other revenue, total

  $353,049

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $40,000 · program services $40,000

• 2 · Grants to domestic individuals

  total $2,928,966 · program services $2,928,966

• 5 · Compensation of officers, directors and key employees

  total $1,865,251 · program services $84,723 · management and general $1,780,528

• 7 · Other salaries and wages

  total $24,229,141 · program services $19,341,078 · management and general $4,888,063

• 8 · Pension plan contributions

  total $1,733,256 · program services $1,218,803 · management and general $514,453

• 9 · Other employee benefits

  total $4,914,657 · program services $3,825,448 · management and general $1,089,209

• 10 · Payroll taxes

  total $1,857,831 · program services $1,416,576 · management and general $441,255

• 11b · Fees: legal

  total $53,470 · management and general $53,470

• 11c · Fees: accounting

  total $132,500 · management and general $132,500

• 11e · Fees: professional fundraising services

  total $154,361 · fundraising $154,361

• 11f · Fees: investment management

  total $235,834 · management and general $235,834

• 11g · Fees: other

  total $6,644,378 · program services $5,323,312 · management and general $1,308,068 · fundraising $12,998

• 12 · Advertising and promotion

  total $917,158 · program services $262,020 · management and general $654,621 · fundraising $517

• 13 · Office expenses

  total $1,309,676 · program services $1,077,605 · management and general $221,766 · fundraising $10,305

• 14 · Information technology

  total $2,162,262 · program services $1,535,206 · management and general $627,056

• 16 · Occupancy

  total $7,448,558 · program services $6,686,107 · management and general $762,451

• 17 · Travel

  total $496,171 · program services $215,845 · management and general $249,593 · fundraising $30,733

• 19 · Conferences, conventions and meetings

  total $293,833 · program services $7,849 · management and general $285,984

• 20 · Interest

  total $973,381 · program services $973,381

• 22 · Depreciation, depletion and amortization

  total $6,715,468 · program services $4,297,900 · management and general $2,417,568

• 23 · Insurance

  total $1,174,860 · program services $138,569 · management and general $1,036,291

• 24a · Other expenses: RESEARCH EXPENSE

  total $1,094,126 · program services $1,094,126

• 24b · Other expenses: MISCELLANEOUS

  total $711,201 · program services $30,925 · management and general $680,276

• 24c · Other expenses: STUDENT AID

  total $672,456 · program services $672,456

• 24d · Other expenses: LIBRARY

  total $440,164 · program services $440,164

• 24e · All other expenses

  total $1,023,254 · program services $824,354 · management and general $198,900

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $503,460 · end of year $3,525,542

• 2 · Savings and temporary cash investments

  beginning of year $2,619,679 · end of year $11,629,891

• 3 · Pledges and grants receivable

  beginning of year $2,925,831 · end of year $3,139,344

• 4 · Accounts receivable

  beginning of year $521,021 · end of year $680,742

• 8 · Inventories for sale or use

  beginning of year $613,101 · end of year $719,857

• 9 · Prepaid expenses and deferred charges

  beginning of year $413,818 · end of year $976,285

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

  $246,474,379

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

  $86,662,938

• 10c · Land, buildings and equipment, net

  beginning of year $155,122,106 · end of year $159,811,441

• 11 · Investments: publicly traded securities

  beginning of year $89,024,139 · end of year $108,208,888

• 13 · Investments: program-related

  beginning of year $2,640,351 · end of year $2,058,011

• 15 · Other assets

  beginning of year $2,999,743 · end of year $6,998,897

• 17 · Accounts payable and accrued expenses

  beginning of year $7,044,440 · end of year $7,156,164

• 18 · Grants payable

  beginning of year $1,740,032 · end of year $841,777

• 19 · Deferred revenue

  beginning of year $2,078,798 · end of year $1,931,712

• 20 · Tax-exempt bond liabilities

  beginning of year $36,477,055 · end of year $34,891,978

• 23 · Secured mortgages and notes payable

  beginning of year $142,842 · end of year $14,337,763

• 25 · Other liabilities

  beginning of year $892,225 · end of year $842,415

• 27 · Net assets without donor restrictions

  beginning of year $162,712,293 · end of year $183,060,331

• 28 · Net assets with donor restrictions

  beginning of year $46,295,564 · end of year $54,686,758

The filer's explanations (Part III)

PART I, LINE 1A

FIRST CLASS OR CHARTER TRAVEL - FIRST CLASS TRAVEL IS ONLY PERMITTED BY THE CURRENT CHAIRMAN OF THE BOARD OF TRUSTEES SINCE HE IS LOCATED IN ANCHORAGE, ALASKA. CHARTER TRAVEL IS ALLOWED IF IT IS LESS EXPENSIVE THAN INDIVIDUAL AIRFARE WHEN A GROUP IS TRAVELING. THESE BENEFITS ARE NOT TREATED AS TAXABLE INCOME. TRAVELS FOR COMPANIONS - FOR ONE BOARD MEETING A YEAR, SPOUSES OF THE BOARD OF TRUSTEES ARE INVITED TO ACCOMPANY HIS/HER SPOUSE TO THE CITY WHERE THE MEETING TAKES PLACE. MOST YEARS THE COLLEGE REIMBURSES THE TRUSTEE MEMBER FOR THE SPOUSE'S TRAVEL AND EACH TRUSTEE MEMBER IS PROVIDED AN IRS FORM 1099 FOR THAT REIMBURSEMENT. ON A LESS FREQUENT BASIS, SPOUSES OF EXECUTIVES ARE INVITED TO BOARD MEETINGS. THE COST OF THAT TRAVEL IS ADDED TO AN EMPLOYEE'S IRS FORM W-2.

PART I, LINE 4B

THE ORGANIZATION MAINTAINS A NON-QUALIFIED DEFERRED COMPENSATION PLAN UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE. THE PLAN PROVIDES FOR THE ORGANIZATION TO MAKE CONTRIBUTIONS FOR ELIGIBLE EMPLOYEES. CONTRIBUTIONS DURING THE YEAR TOTALED $15,864 FOR DENNIS MARCHIORI.

PART I, LINE 7

EXECUTIVE ADMINISTRATORS REPORTING DIRECTLY AND PRIMARILY TO THE CHANCELLOR ARE AWARDED BONUSES ON A DISCRETIONARY BASIS DETERMINED BY THE CHANCELLOR USING A REVIEW OF DIFFERENT FACTORS SUCH AS COLLEGE, DIVISION AND DEPARTMENT OUTCOMES. THE FUNDS USED FOR THESE BONUSES ARE DETERMINED BY THE CHANCELLOR AND VICE CHANCELLOR FOR FINANCE BASED ON A REVIEW OF FINANCES AND GENERAL ACCOMPLISHMENTS OF THE ADMINISTRATION. ADMINISTRATORS AND STAFF BELOW THE ORGANIZATIONAL LEVEL ARE ALSO ELIGIBLE FOR DISCRETIONARY BONUSES REVIEWED BY THE EXECUTIVE ADMINISTRATION TEAM.