Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,357,108

• 1f · All other contributions, gifts and grants

  $3,993,556

• 1g · Noncash contributions included above

  $286,536

• 2a · Program service revenue: TUITION & FEES

  total $30,670,174 · related or exempt $30,670,174

• 2b · Program service revenue: AUXILLARY INCOME

  total $9,743,080 · excluded $9,743,080

• 3 · Investment income

  total $1,975,222 · excluded $1,975,222

• 7a · Gross sales of assets other than inventory

  securities $19,566,346 · other assets $42,822

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

  securities $14,433,435 · other assets $3,799

• 7c · Gain or loss

  securities $5,132,911 · other assets $39,023

• 7d · Net gain or loss

  total $5,171,934 · excluded $5,171,934

• 11a · Other revenue: OTHER INCOME

  total $600,340 · excluded $600,340

• 11e · Other revenue, total

  $600,340

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $19,338,056 · program services $19,338,056

• 5 · Compensation of officers, directors and key employees

  total $1,142,099 · program services $514,719 · management and general $461,401 · fundraising $165,979

• 7 · Other salaries and wages

  total $11,094,342 · program services $9,565,947 · management and general $1,100,098 · fundraising $428,297

• 8 · Pension plan contributions

  total $723,684 · program services $622,288 · management and general $79,482 · fundraising $21,914

• 9 · Other employee benefits

  total $1,793,070 · program services $1,150,613 · management and general $612,731 · fundraising $29,726

• 10 · Payroll taxes

  total $840,831 · program services $690,227 · management and general $108,755 · fundraising $41,849

• 11b · Fees: legal

  total $54,043 · management and general $54,043

• 11c · Fees: accounting

  total $88,342 · management and general $88,342

• 11g · Fees: other

  total $36,985 · program services $37 · management and general $33,948 · fundraising $3,000

• 13 · Office expenses

  total $1,554,016 · program services $1,339,796 · management and general $88,520 · fundraising $125,700

• 16 · Occupancy

  total $1,441,762 · program services $1,340,979 · management and general $59,492 · fundraising $41,291

• 17 · Travel

  total $611,427 · program services $575,945 · management and general $28,821 · fundraising $6,661

• 20 · Interest

  total $521,446 · program services $507,174 · management and general $14,272

• 22 · Depreciation, depletion and amortization

  total $3,100,859 · program services $2,695,051 · management and general $336,410 · fundraising $69,398

• 23 · Insurance

  total $814,380 · program services $773,099 · management and general $24,238 · fundraising $17,043

• 24a · Other expenses: FOOD SERVICE

  total $2,280,807 · program services $2,236,364 · management and general $26,569 · fundraising $17,874

• 24b · Other expenses: OTHER CONTRACT SERVICES

  total $2,080,813 · program services $1,360,803 · management and general $649,820 · fundraising $70,190

• 24c · Other expenses: MISCELLANEOUS

  total $530,655 · program services $341,678 · management and general $187,179 · fundraising $1,798

• 24d · Other expenses: EQUIPMENT RENTAL/MAINTE

  total $491,257 · program services $331,957 · management and general $149,292 · fundraising $10,008

• 24e · All other expenses

  total $337,834 · program services $219,610 · management and general $64,712 · fundraising $53,512

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $13,138,880 · end of year $13,612,719

• 3 · Pledges and grants receivable

  beginning of year $555,629 · end of year $875,658

• 4 · Accounts receivable

  beginning of year $213,537 · end of year $393,559

• 7 · Other notes and loans receivable

  beginning of year $460,545 · end of year $439,241

• 8 · Inventories for sale or use

  beginning of year $48,416 · end of year $40,951

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,136,736 · end of year $1,130,363

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

  $116,040,834

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

  $82,316,073

• 10c · Land, buildings and equipment, net

  beginning of year $35,406,768 · end of year $33,724,761

• 11 · Investments: publicly traded securities

  beginning of year $73,477,478 · end of year $82,469,118

• 15 · Other assets

  beginning of year $12,417,758 · end of year $13,313,321

• 17 · Accounts payable and accrued expenses

  beginning of year $1,617,665 · end of year $1,739,987

• 19 · Deferred revenue

  beginning of year $694,378 · end of year $928,579

• 20 · Tax-exempt bond liabilities

  beginning of year $12,728,016 · end of year $11,515,886

• 23 · Secured mortgages and notes payable

  beginning of year $449,570 · end of year $70,636

• 25 · Other liabilities

  beginning of year $962,398 · end of year $1,128,388

• 27 · Net assets without donor restrictions

  beginning of year $21,988,594 · end of year $21,626,840

• 28 · Net assets with donor restrictions

  beginning of year $98,415,126 · end of year $108,989,375

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT RECEIVES A HOUSING ALLOWANCE IN LIEU OF RESIDING IN CAMPUS HOUSING.