Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1b · Membership dues

  $58,203

• 1e · Government grants (contributions)

  $11,342,288

• 1f · All other contributions, gifts and grants

  $15,968,736

• 1g · Noncash contributions included above

  $1,844,177

• 2a · Program service revenue: INSTRUCTION & RESEARCH

  total $164,795,029 · related or exempt $164,795,029

• 2b · Program service revenue: AUXILIARY SERVICE

  total $14,305,251 · related or exempt $14,305,251

• 2c · Program service revenue: FOOD SERVICE REVENUE

  total $8,331,757 · related or exempt $8,331,757

• 2d · Program service revenue: INTERCOLLEGIATE ATHLETICS

  total $2,270,632 · related or exempt $2,270,632

• 2e · Program service revenue: CONTRACT REVENUE

  total $1,151,426 · related or exempt $1,151,426

• 3 · Investment income

  total $20,355,368 · unrelated business $1,103,887 · excluded $19,251,481

• 6a · Gross rents

  real property $85,051

• 6b · Less rental expenses

  real property $40,268

• 6c · Rental income or loss

  real property $44,783

• 6d · Net rental income or loss

  total $44,783 · unrelated business $44,783

• 7a · Gross sales of assets other than inventory

  other assets $17,777

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

  securities $1,746,248 · other assets $0

• 7c · Gain or loss

  securities -$1,746,248 · other assets $17,777

• 7d · Net gain or loss

  total -$1,728,471 · excluded -$1,728,471

• 8a · Fundraising events: gross income

  $183,679

• 8b · Fundraising events: direct expenses

  $70,880

• 8c · Net income from fundraising events

  total $112,799 · excluded $112,799

• 9a · Gaming: gross income

  $50,209

• 9b · Gaming: direct expenses

  $29,694

• 9c · Net income from gaming

  total $20,515 · excluded $20,515

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $3,729,960 · related or exempt $3,729,960

• 11e · Other revenue, total

  $3,729,960

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $85,184,682 · program services $85,184,682

• 5 · Compensation of officers, directors and key employees

  total $3,107,648 · program services $2,765,807 · management and general $248,612 · fundraising $93,229

• 7 · Other salaries and wages

  total $68,082,429 · program services $60,470,498 · management and general $5,399,788 · fundraising $2,212,143

• 8 · Pension plan contributions

  total $3,069,913 · program services $2,742,028 · management and general $247,871 · fundraising $80,014

• 9 · Other employee benefits

  total $8,299,919 · program services $7,412,399 · management and general $669,911 · fundraising $217,609

• 10 · Payroll taxes

  total $4,997,580 · program services $4,463,049 · management and general $403,337 · fundraising $131,194

• 11a · Fees: management

  total $2,901,103 · program services $2,343,972 · management and general $556,554 · fundraising $577

• 11b · Fees: legal

  total $251,654 · program services $203,326 · management and general $48,278 · fundraising $50

• 11c · Fees: accounting

  total $248,088 · management and general $248,088

• 11f · Fees: investment management

  total $88,547 · management and general $88,547

• 11g · Fees: other

  total $3,520,201 · program services $3,116,164 · management and general $403,269 · fundraising $768

• 12 · Advertising and promotion

  total $1,090,867 · program services $1,003,839 · management and general $18,519 · fundraising $68,509

• 13 · Office expenses

  total $8,864,581 · program services $8,210,471 · management and general $340,308 · fundraising $313,802

• 14 · Information technology

  total $3,273,496 · program services $3,218,135 · management and general $44,890 · fundraising $10,471

• 16 · Occupancy

  total $17,754,689 · program services $17,233,887 · management and general $515,780 · fundraising $5,022

• 17 · Travel

  total $3,807,343 · program services $3,580,331 · management and general $136,574 · fundraising $90,438

• 19 · Conferences, conventions and meetings

  total $1,250,316 · program services $1,175,767 · management and general $44,850 · fundraising $29,699

• 20 · Interest

  total $5,263,325 · program services $4,819,908 · management and general $443,417

• 22 · Depreciation, depletion and amortization

  total $13,036,042 · program services $11,937,801 · management and general $1,098,241

• 23 · Insurance

  total $2,300,678 · program services $2,039,032 · management and general $76,212 · fundraising $185,434

• 24a · Other expenses: OTHER OPERATING EXPENSE

  total $2,207,328 · program services $2,045,433 · management and general $76,451 · fundraising $85,444

• 24b · Other expenses: OTHER NONOPERATING EXPE

  total $485,928 · management and general $485,928

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,519,667 · end of year $13,453,291

• 2 · Savings and temporary cash investments

  beginning of year $701,173 · end of year $1,780,155

• 3 · Pledges and grants receivable

  beginning of year $4,608,337 · end of year $5,533,419

• 4 · Accounts receivable

  beginning of year $3,398,833 · end of year $2,826,025

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,369,688 · end of year $1,947,905

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

  $601,211,793

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

  $279,064,387

• 10c · Land, buildings and equipment, net

  beginning of year $325,757,222 · end of year $322,147,406

• 11 · Investments: publicly traded securities

  beginning of year $212,186,807 · end of year $214,819,303

• 12 · Investments: other securities

  beginning of year $149,533,772 · end of year $151,461,868

• 15 · Other assets

  beginning of year $1,899,062 · end of year $1,542,075

• 17 · Accounts payable and accrued expenses

  beginning of year $20,870,725 · end of year $22,205,358

• 19 · Deferred revenue

  beginning of year $2,358,585 · end of year $3,505,336

• 20 · Tax-exempt bond liabilities

  beginning of year $136,506,765 · end of year $131,798,288

• 23 · Secured mortgages and notes payable

  beginning of year $679,093 · end of year $541,600

• 24 · Unsecured notes and loans payable

  beginning of year $3,231,917 · end of year $2,818,611

• 25 · Other liabilities

  beginning of year $24,926,928 · end of year $23,268,641

• 27 · Net assets without donor restrictions

  beginning of year $370,803,038 · end of year $365,441,552

• 28 · Net assets with donor restrictions

  beginning of year $157,597,510 · end of year $165,932,061

The filer's explanations (Part III)

PART I, LINE 1A

ALL BENEFITS IDENTIFIED IN PART 1, LINE 1A ARE TREATED AS TAXABLE COMPENSATION.

PART I, LINE 1B

THE UNIVERSITY HAS A POLICY FOR CHARTER TRAVEL. HOWEVER, FOR ALL OTHER COMPONENTS INDICATED, THE UNIVERSITY PROVIDES FOR IN A WRITTEN CONTRACT WITH THE EMPLOYEE.