Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,407,922

• 1f · All other contributions, gifts and grants

  $3,240,037

• 1g · Noncash contributions included above

  $32,345

• 2a · Program service revenue: TUITION & FEES

  total $81,677,938 · related or exempt $81,677,938

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $15,618,761 · related or exempt $15,618,761

• 3 · Investment income

  total $139,453 · excluded $139,453

• 5 · Royalties

  total $6,535 · excluded $6,535

• 6a · Gross rents

  real property $13,517

• 6b · Less rental expenses

  real property $6,488

• 6c · Rental income or loss

  real property $7,029

• 6d · Net rental income or loss

  total $7,029 · unrelated business $7,029

• 7a · Gross sales of assets other than inventory

  securities $32,646,157 · other assets $1,400

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

  securities $31,959,524 · other assets $0

• 7c · Gain or loss

  securities $686,633 · other assets $1,400

• 7d · Net gain or loss

  total $688,033 · excluded $688,033

• 11a · Other revenue: COMMISSIONS

  total $9,518 · excluded $9,518

• 11d · All other revenue

  total $944,585 · excluded $944,585

• 11e · Other revenue, total

  $954,103

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $34,710,890 · program services $34,710,890

• 5 · Compensation of officers, directors and key employees

  total $1,654,616 · program services $495,552 · management and general $894,555 · fundraising $264,509

• 7 · Other salaries and wages

  total $22,005,935 · program services $19,524,109 · management and general $2,008,585 · fundraising $473,241

• 8 · Pension plan contributions

  total $272,553 · program services $247,268 · management and general $16,959 · fundraising $8,326

• 9 · Other employee benefits

  total $3,722,113 · program services $2,252,473 · management and general $1,406,663 · fundraising $62,977

• 10 · Payroll taxes

  total $1,664,308 · program services $1,395,498 · management and general $222,061 · fundraising $46,749

• 11a · Fees: management

  total $1,255,972 · program services $1,143,259 · management and general $102,275 · fundraising $10,438

• 11b · Fees: legal

  total $36,237 · management and general $36,237

• 11c · Fees: accounting

  total $136,696 · management and general $136,696

• 11g · Fees: other

  total $10,124,328 · program services $9,523,703 · management and general $600,625

• 12 · Advertising and promotion

  total $1,073,409 · program services $775,266 · management and general $294,218 · fundraising $3,925

• 13 · Office expenses

  total $725,146 · program services $590,938 · management and general $113,644 · fundraising $20,564

• 14 · Information technology

  total $1,337,785 · program services $956,957 · management and general $301,755 · fundraising $79,073

• 16 · Occupancy

  total $4,819,391 · program services $3,615,170 · management and general $1,204,221

• 17 · Travel

  total $2,379,522 · program services $2,213,589 · management and general $150,780 · fundraising $15,153

• 19 · Conferences, conventions and meetings

  total $139,855 · program services $100,221 · management and general $27,750 · fundraising $11,884

• 20 · Interest

  total $6,317,040 · program services $4,106,076 · management and general $2,210,964

• 22 · Depreciation, depletion and amortization

  total $5,587,155 · program services $4,780,440 · management and general $806,715

• 23 · Insurance

  total $981,595 · program services $554,331 · management and general $409,364 · fundraising $17,900

• 24a · Other expenses: EQUIP RENTAL & MAINT.

  total $1,707,501 · program services $1,352,121 · management and general $355,380 · fundraising $0

• 24b · Other expenses: DUES & SUBSCRIPTIONS

  total $863,067 · program services $740,439 · management and general $122,628 · fundraising $0

• 24c · Other expenses: BAD DEBT EXPENSE

  total $801,890 · program services $801,890 · management and general $0 · fundraising $0

• 24d · Other expenses: EDUCATION EXPENSES

  total $324,975 · program services $286,558 · management and general $38,417 · fundraising $0

• 24e · All other expenses

  total $1,854,948 · program services $1,618,900 · management and general $236,048

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,018,880 · end of year $2,438,568

• 2 · Savings and temporary cash investments

  beginning of year $1,546,983 · end of year $1,266,939

• 3 · Pledges and grants receivable

  beginning of year $2,785,898 · end of year $2,276,834

• 4 · Accounts receivable

  beginning of year $3,711,183 · end of year $7,811,295

• 8 · Inventories for sale or use

  beginning of year $416,575 · end of year $389,730

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,921,883 · end of year $1,098,602

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

  $181,113,192

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

  $63,432,722

• 10c · Land, buildings and equipment, net

  beginning of year $118,231,950 · end of year $117,680,470

• 11 · Investments: publicly traded securities

  beginning of year $29,280,377 · end of year $31,787,728

• 12 · Investments: other securities

  beginning of year $286,979 · end of year $291,010

• 13 · Investments: program-related

  beginning of year $673,960 · end of year $573,562

• 15 · Other assets

  beginning of year $3,463,595 · end of year $7,276,316

• 17 · Accounts payable and accrued expenses

  beginning of year $4,139,688 · end of year $2,926,797

• 19 · Deferred revenue

  beginning of year $3,988,319 · end of year $4,518,774

• 20 · Tax-exempt bond liabilities

  beginning of year $92,018,804 · end of year $93,983,026

• 23 · Secured mortgages and notes payable

  beginning of year $34,554,350 · end of year $37,680,484

• 25 · Other liabilities

  beginning of year $4,663,505 · end of year $8,503,409

• 27 · Net assets without donor restrictions

  beginning of year $6,221,486 · end of year $5,908,504

• 28 · Net assets with donor restrictions

  beginning of year $17,752,111 · end of year $19,370,060

The filer's explanations (Part III)

PART I, LINE 1A

OTTAWA UNIVERSITY PROVIDED WILLIAM TSUTSUI, THE CHANCELLOR OF THE ORGANIZATION, HOUSING. THE FAIR MARKET VALUE OF THE HOUSING WAS NOT INCLUDED IN HIS W-2 AS TAXABLE COMPENSATION BECAUSE IT QUALIFIED AS A NON TAXABLE BENEFIT.

Disregarded entities

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

• OTTAWA INVESTMENT MANAGEMENT SERVICES

  INVESTMENT · KS · income $0 · assets $0

  Directly controlled by OTTAWA UNIV

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• STOUT TW M&T INVESTMENT GROUP

  T · TRUST · NY · 80% owned · share of assets $1,061,805

  Directly controlled by OTTAWA U

• HENDERSON & SARAH MARTIN TRUST US BANK

  T · TRUST · KS · 100% owned · share of assets $431,423

  Directly controlled by OTTAWA U

• BELVIN SCHOL BAPTIST FDN OF OK

  T · TRUST · OK · 100% owned · share of assets $31,506

  Directly controlled by OTTAWA U

• CHARITABLE REMAINDER ANNUITY TRUST (1)

  T · CRAT · PA · 100% owned · share of assets $327,817

  Directly controlled by OTTAWA U