Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $394,100

• 1e · Government grants (contributions)

  $4,481,407

• 1f · All other contributions, gifts and grants

  $409,987

• 1g · Noncash contributions included above

  $168,129

• 2a · Program service revenue: STUDENT TUITION & FEES

  total $28,348,188 · related or exempt $28,348,188

• 2b · Program service revenue: AUXILIARY REVENUE

  total $1,758,641 · related or exempt $1,758,641

• 3 · Investment income

  total $474,332 · excluded $474,332

• 4 · Income from investment of tax-exempt bond proceeds

  total $196,077 · excluded $196,077

• 6a · Gross rents

  real property $18,000

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $18,000

• 6d · Net rental income or loss

  total $18,000 · excluded $18,000

• 7a · Gross sales of assets other than inventory

  securities $13,424,711

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

  securities $8,879,932

• 7c · Gain or loss

  securities $4,544,779

• 7d · Net gain or loss

  total $4,544,779 · excluded $4,544,779

• 8a · Fundraising events: gross income

  $69,600

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

  $394,100

• 8b · Fundraising events: direct expenses

  $94,766

• 8c · Net income from fundraising events

  total -$25,166 · excluded -$25,166

• 11a · Other revenue: BAD DEBT RECOVERY

  total $53,994 · excluded $53,994

• 11b · Other revenue: MISCELLANEOUS REVENUE

  total $39,002 · excluded $39,002

• 11c · Other revenue: PARTNERSHIP INCOME

  total $199 · unrelated business $199

• 11e · Other revenue, total

  $93,195

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $4,228,061 · program services $4,228,061

• 5 · Compensation of officers, directors and key employees

  total $1,248,370 · program services $1,002,109 · management and general $230,650 · fundraising $15,611

• 7 · Other salaries and wages

  total $12,836,167 · program services $10,304,030 · management and general $2,371,625 · fundraising $160,512

• 8 · Pension plan contributions

  total $138,073 · program services $110,836 · management and general $25,511 · fundraising $1,726

• 9 · Other employee benefits

  total $1,698,216 · program services $1,363,215 · management and general $313,765 · fundraising $21,236

• 10 · Payroll taxes

  total $1,172,197 · program services $940,963 · management and general $216,576 · fundraising $14,658

• 11b · Fees: legal

  total $129,273 · management and general $129,273

• 11c · Fees: accounting

  total $113,492 · management and general $113,492

• 11f · Fees: investment management

  total $74,711 · management and general $74,711

• 11g · Fees: other

  total $3,956,618 · program services $2,798,437 · management and general $1,133,668 · fundraising $24,513

• 12 · Advertising and promotion

  total $1,604,544 · program services $35,489 · management and general $1,529,078 · fundraising $39,977

• 13 · Office expenses

  total $781,131 · program services $512,551 · management and general $262,716 · fundraising $5,864

• 16 · Occupancy

  total $2,595,134 · program services $1,811,819 · management and general $783,315

• 17 · Travel

  total $350,415 · program services $244,646 · management and general $88,094 · fundraising $17,675

• 19 · Conferences, conventions and meetings

  total $56,690 · program services $40,715 · management and general $15,248 · fundraising $727

• 20 · Interest

  total $3,200,480 · program services $3,200,480

• 22 · Depreciation, depletion and amortization

  total $4,098,564 · program services $3,017,060 · management and general $1,081,504

• 23 · Insurance

  total $409,871 · program services $286,155 · management and general $123,716

• 24a · Other expenses: BAD DEBT

  total $1,400,000 · management and general $1,400,000

• 24b · Other expenses: COLLEGE RELATIONS

  total $897,852 · program services $666,227 · management and general $95,547 · fundraising $136,078

• 24c · Other expenses: FOOD SERVICE

  total $247,680 · program services $247,680

• 24d · Other expenses: MEMBERSHIP

  total $106,802 · program services $76,706 · management and general $28,726 · fundraising $1,370

• 24e · All other expenses

  total $2,218,623 · program services $1,578,480 · management and general $632,116 · fundraising $8,027

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $624,482 · end of year $546,731

• 3 · Pledges and grants receivable

  end of year $1,227,484

• 4 · Accounts receivable

  beginning of year $1,099,801 · end of year $662,245

• 9 · Prepaid expenses and deferred charges

  beginning of year $782,577 · end of year $652,874

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

  $143,746,081

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

  $86,447,510

• 10c · Land, buildings and equipment, net

  beginning of year $60,539,677 · end of year $57,298,571

• 11 · Investments: publicly traded securities

  beginning of year $29,011,080 · end of year $23,736,027

• 12 · Investments: other securities

  beginning of year $759,909 · end of year $880,512

• 15 · Other assets

  beginning of year $5,637,864 · end of year $5,836,663

• 17 · Accounts payable and accrued expenses

  beginning of year $2,719,585 · end of year $2,928,978

• 19 · Deferred revenue

  beginning of year $1,199,067 · end of year $2,062,361

• 20 · Tax-exempt bond liabilities

  beginning of year $48,246,283 · end of year $46,986,019

• 23 · Secured mortgages and notes payable

  beginning of year $11,028,577 · end of year $8,600,969

• 25 · Other liabilities

  beginning of year $163,298 · end of year $114,000

• 27 · Net assets without donor restrictions

  beginning of year $30,378,554 · end of year $24,761,674

• 28 · Net assets with donor restrictions

  beginning of year $4,720,026 · end of year $5,387,106

The filer's explanations (Part III)

SCHEDULE J PART II COLUMN B(III):

OTHER REPORTABLE COMPENSATION IN COLUMN B(III) REPRESENTS AUTO ALLOWANCES PROVIDED TO EMPLOYEES.