Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $16,541

• 1e · Government grants (contributions)

  $1,446,939

• 1f · All other contributions, gifts and grants

  $3,308,713

• 1g · Noncash contributions included above

  $9,950

• 2a · Program service revenue: TUITION AND FEES

  total $29,005,252 · related or exempt $29,005,252

• 2b · Program service revenue: AUXILIARY SERVICES

  total $8,134,585 · related or exempt $8,134,585

• 2c · Program service revenue: STUDENT ACTIVITIES

  total $10,010 · related or exempt $10,010

• 3 · Investment income

  total $1,919,186 · excluded $1,919,186

• 7a · Gross sales of assets other than inventory

  securities $13,121,615

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

  securities $12,391,586

• 7c · Gain or loss

  securities $730,029

• 7d · Net gain or loss

  total $730,029 · excluded $730,029

• 8a · Fundraising events: gross income

  $149,000

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

  $16,541

• 8b · Fundraising events: direct expenses

  $70,063

• 8c · Net income from fundraising events

  total $78,937 · excluded $78,937

• 11a · Other revenue: INCOME (LOSS) FROM PAR

  total $16,393 · unrelated business $16,393

• 11e · Other revenue, total

  $16,393

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $13,071,304 · program services $13,071,304

• 3 · Grants to foreign organizations and individuals

  total $1,328,561 · program services $1,328,561

• 5 · Compensation of officers, directors and key employees

  total $816,770 · program services $694,033 · management and general $93,887 · fundraising $28,850

• 7 · Other salaries and wages

  total $10,416,419 · program services $8,851,130 · management and general $1,197,362 · fundraising $367,927

• 9 · Other employee benefits

  total $1,958,752 · program services $1,664,408 · management and general $225,157 · fundraising $69,187

• 10 · Payroll taxes

  total $860,541 · program services $731,226 · management and general $98,919 · fundraising $30,396

• 11b · Fees: legal

  total $23,651 · management and general $23,651

• 11c · Fees: accounting

  total $270,707 · management and general $270,707

• 11f · Fees: investment management

  total $268,845 · management and general $268,845

• 11g · Fees: other

  total $4,098,436 · program services $2,863,868 · management and general $1,158,122 · fundraising $76,446

• 12 · Advertising and promotion

  total $160,254 · program services $101,001 · management and general $56,290 · fundraising $2,963

• 13 · Office expenses

  total $321,238 · program services $212,954 · management and general $108,284

• 16 · Occupancy

  total $1,304,589 · program services $1,200,654 · management and general $98,738 · fundraising $5,197

• 17 · Travel

  total $917,134 · program services $899,955 · management and general $16,320 · fundraising $859

• 20 · Interest

  total $1,313,446 · program services $1,313,446

• 22 · Depreciation, depletion and amortization

  total $3,308,009 · program services $3,044,465 · management and general $250,367 · fundraising $13,177

• 23 · Insurance

  total $816,366 · program services $540,173 · management and general $262,383 · fundraising $13,810

• 24a · Other expenses: REPAIRS AND MAINTENANCE

  total $2,767,367 · program services $1,831,112 · management and general $889,443 · fundraising $46,812

• 24b · Other expenses: STUDENT AND GUEST MEALS

  total $2,364,295 · program services $2,364,295

• 24c · Other expenses: PROGRAM EXPENSE

  total $1,541,269 · management and general $1,541,269

• 24d · Other expenses: ATHLETIC EXPENSE

  total $724,686 · program services $724,686

• 24e · All other expenses

  total $2,007,815 · program services $1,771,274 · management and general $230,208 · fundraising $6,333

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,145,890 · end of year $1,429,521

• 3 · Pledges and grants receivable

  beginning of year $8,799 · end of year $411,845

• 4 · Accounts receivable

  beginning of year $2,176,736 · end of year $2,120,024

• 7 · Other notes and loans receivable

  beginning of year $312,809 · end of year $721,068

• 8 · Inventories for sale or use

  beginning of year $54,516 · end of year $51,899

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,198,171 · end of year $558,942

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

  $114,836,908

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

  $61,705,986

• 10c · Land, buildings and equipment, net

  beginning of year $54,487,723 · end of year $53,130,922

• 11 · Investments: publicly traded securities

  beginning of year $42,628,723 · end of year $37,296,528

• 12 · Investments: other securities

  beginning of year $4,348,817 · end of year $8,933,393

• 15 · Other assets

  beginning of year $3,754,423 · end of year $3,891,672

• 17 · Accounts payable and accrued expenses

  beginning of year $2,599,141 · end of year $2,941,502

• 19 · Deferred revenue

  beginning of year $943,866 · end of year $997,410

• 23 · Secured mortgages and notes payable

  beginning of year $37,467,751 · end of year $38,104,224

• 27 · Net assets without donor restrictions

  beginning of year $34,706,197 · end of year $29,270,670

• 28 · Net assets with donor restrictions

  beginning of year $35,399,652 · end of year $37,232,008

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING ALLOWANCE: AS A CONVINIENCE OF THE UNIVERSITY, THE PRESIDENT RESIDES IN CAMPUS HOUSING. THEREFORE, NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION. PERSONAL SERVICES: CLEANING SERVICES ARE PROVIDED FOR THE PRESIDENT ON AN IRREGULAR BASIS AND THE VALUE IS CONSIDERED NOMINAL. NONE OF THE BENEFIT WAS TREATED AS TAXABLE COMPENSATION.