Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,752,008

• 1f · All other contributions, gifts and grants

  $490,421

• 2a · Program service revenue: EDUCATIONAL PROGRAM FE

  total $809,572 · related or exempt $809,572

• 3 · Investment income

  total $109,464 · excluded $109,464

• 6a · Gross rents

  real property $211,866

• 6b · Less rental expenses

  real property $131,176

• 6c · Rental income or loss

  real property $80,690

• 6d · Net rental income or loss

  total $80,690 · related or exempt $80,690

• 7a · Gross sales of assets other than inventory

  securities $103,100

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

  securities $109,464

• 7c · Gain or loss

  securities -$6,364

• 7d · Net gain or loss

  total -$6,364 · excluded -$6,364

• 11a · Other revenue: OTHER EDUCATIONAL INCO

  total $101,291 · related or exempt $101,291

• 11e · Other revenue, total

  $101,291

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $443,690 · program services $324,283 · management and general $119,407

• 7 · Other salaries and wages

  total $2,293,099 · program services $1,788,529 · management and general $504,570

• 9 · Other employee benefits

  total $938,091 · program services $740,834 · management and general $197,257

• 11g · Fees: other

  total $249,779 · program services $239,483 · management and general $10,296

• 12 · Advertising and promotion

  total $1,251 · program services $1,251

• 14 · Information technology

  total $33,636 · program services $33,636

• 16 · Occupancy

  total $63,515 · program services $62,524 · management and general $991

• 17 · Travel

  total $33,489 · program services $32,880 · management and general $609

• 20 · Interest

  total $43,185 · program services $43,185

• 22 · Depreciation, depletion and amortization

  total $236,239 · program services $236,239

• 23 · Insurance

  total $26,842 · program services $18,320 · management and general $8,522

• 24a · Other expenses: SUBCONTRACTS - ECU AND

  total $1,078,534 · program services $1,078,534

• 24b · Other expenses: RESIDENT STIPENDS

  total $539,982 · program services $539,982

• 24c · Other expenses: REFRESHMENTS AND MEALS

  total $150,442 · program services $150,442

• 24d · Other expenses: CO-SPONSORED AGREEMENTS

  total $134,962 · program services $134,962

• 24e · All other expenses

  total $237,243 · program services $232,365 · management and general $4,878

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,600 · end of year $10,600

• 2 · Savings and temporary cash investments

  beginning of year $480,607 · end of year $387,597

• 3 · Pledges and grants receivable

  beginning of year $176,540 · end of year $260,232

• 4 · Accounts receivable

  beginning of year $31,368 · end of year $45,707

• 9 · Prepaid expenses and deferred charges

  beginning of year $19,332 · end of year $9,479

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

  $10,623,020

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

  $2,300,882

• 10c · Land, buildings and equipment, net

  beginning of year $8,629,470 · end of year $8,322,138

• 12 · Investments: other securities

  beginning of year $3,995,218 · end of year $4,194,221

• 17 · Accounts payable and accrued expenses

  beginning of year $571,180 · end of year $579,189

• 19 · Deferred revenue

  beginning of year $11,770 · end of year $28,852

• 20 · Tax-exempt bond liabilities

  beginning of year $2,833,243 · end of year $2,665,985

• 27 · Net assets without donor restrictions

  beginning of year $9,918,469 · end of year $9,947,792

• 28 · Net assets with donor restrictions

  beginning of year $8,473 · end of year $8,156

The filer's explanations (Part III)

PART I, LINE 3

AN INTERNAL COMMITTEE MAKES RECOMMENDATION TO EAST CAROLINA UNIVERSITY WHO MAKES THE FINAL DETERMINATION.