Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $7,333,489

• 1f · All other contributions, gifts and grants

  $17,587,499

• 2a · Program service revenue: TUITION & FEES

  total $27,822,374 · related or exempt $27,822,374

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $9,700,421 · related or exempt $9,700,421

• 2c · Program service revenue: INDEPENDENT OPERATIONS

  total $1,492,089 · related or exempt $1,492,089

• 2d · Program service revenue: EDUCATIONAL ACTIVITIES

  total $325,972 · related or exempt $325,972

• 3 · Investment income

  total $495,040 · excluded $495,040

• 6a · Gross rents

  real property $132,232

• 6b · Less rental expenses

  real property $253,680

• 6c · Rental income or loss

  real property -$121,448

• 6d · Net rental income or loss

  total -$121,448 · excluded -$121,448

• 7a · Gross sales of assets other than inventory

  securities $9,150,136

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

  securities $4,723,688

• 7c · Gain or loss

  securities $4,426,448

• 7d · Net gain or loss

  total $4,426,448 · excluded $4,426,448

• 8a · Fundraising events: gross income

  $602,084

• 8b · Fundraising events: direct expenses

  $58,415

• 8c · Net income from fundraising events

  total $543,669 · excluded $543,669

• 10a · Gross sales of inventory

  $349,001

• 10b · Cost of goods sold

  $187,501

• 10c · Net income from sales of inventory

  total $161,500 · unrelated business $161,500

• 11a · Other revenue: OTHER EDUC. SOURCES

  total $2,084,170 · related or exempt $2,084,170

• 11e · Other revenue, total

  $2,084,170

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $17,803,976 · program services $17,803,976

• 5 · Compensation of officers, directors and key employees

  total $737,345 · program services $737,345

• 7 · Other salaries and wages

  total $18,275,591 · program services $11,738,658 · management and general $6,252,748 · fundraising $284,185

• 9 · Other employee benefits

  total $7,739,345 · program services $5,032,230 · management and general $2,586,546 · fundraising $120,569

• 11b · Fees: legal

  total $562,856 · management and general $534,713 · fundraising $28,143

• 11c · Fees: accounting

  total $47,094 · management and general $44,739 · fundraising $2,355

• 11g · Fees: other

  total $4,543,129 · program services $303,736 · management and general $4,039,896 · fundraising $199,497

• 12 · Advertising and promotion

  total $176,585 · program services $27,466 · management and general $141,663 · fundraising $7,456

• 14 · Information technology

  total $217,431 · program services $32,709 · management and general $175,543 · fundraising $9,179

• 15 · Royalties

  total $35,733 · program services $35,733

• 16 · Occupancy

  total $4,443,623 · program services $1,625,691 · management and general $2,801,936 · fundraising $15,996

• 17 · Travel

  total $1,129,680 · program services $497,310 · management and general $601,423 · fundraising $30,947

• 20 · Interest

  total $624,783 · management and general $624,347 · fundraising $436

• 22 · Depreciation, depletion and amortization

  total $4,964,288 · program services $4,964,288

• 23 · Insurance

  total $2,172,407 · management and general $2,131,789 · fundraising $40,618

• 24a · Other expenses: MISCELLANEOUS EXPENSES

  total $3,100,891 · program services $2,236,309 · management and general $813,336 · fundraising $51,246

• 24b · Other expenses: CAFETERIA

  total $2,919,782 · program services $2,919,782

• 24c · Other expenses: BAD DEBT

  total $1,633,866 · program services $1,421,808 · management and general $201,455 · fundraising $10,603

• 24d · Other expenses: EQUIPMENT RENTAL & MAIN

  total $1,015,264 · program services $415,382 · management and general $569,888 · fundraising $29,994

• 24e · All other expenses

  total $3,347,808 · program services $1,120,782 · management and general $2,124,622 · fundraising $102,404

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $5,632,338 · end of year $7,049,467

• 3 · Pledges and grants receivable

  beginning of year $754,756 · end of year $674,203

• 4 · Accounts receivable

  beginning of year $22,130,560 · end of year $21,181,385

• 7 · Other notes and loans receivable

  beginning of year $11,769,685 · end of year $11,769,547

• 9 · Prepaid expenses and deferred charges

  beginning of year $117,029 · end of year $140,702

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

  $134,672,299

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

  $85,591,971

• 10c · Land, buildings and equipment, net

  beginning of year $52,553,184 · end of year $49,080,328

• 11 · Investments: publicly traded securities

  beginning of year $227,858 · end of year $267,046

• 12 · Investments: other securities

  beginning of year $17,976,869 · end of year $16,234,911

• 15 · Other assets

  beginning of year $284,640 · end of year $283,500

• 17 · Accounts payable and accrued expenses

  beginning of year $20,424,814 · end of year $19,081,325

• 20 · Tax-exempt bond liabilities

  beginning of year $13,873,318 · end of year $12,314,596

• 27 · Net assets without donor restrictions

  beginning of year $46,445,507 · end of year $41,464,724

• 28 · Net assets with donor restrictions

  beginning of year $30,703,280 · end of year $33,820,444

The filer's explanations (Part III)

PART I, LINE 1B

THE ADDITIONAL BENEFITS WERE VOTED ON AND APPROVED BY THE RELEVANT COMMITTEE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• OAKWOOD ENTERPRISE - R1 LLC

  EDIBLE ARRANGEMENTS · AL · income $324,721 · assets $362,722

• OAKWOOD ENTERPRISE OPERATIONS LLC

  EDIBLE ARRANGEMENTS · AL

• OAKWOOD UNIVERSITY FARMS LLC

  FARM OPERATIONS · AL · income $977,237 · assets $3,445,489