Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $8,915,282

• 1e · Government grants (contributions)

  $816,822

• 1f · All other contributions, gifts and grants

  $864,827

• 1g · Noncash contributions included above

  $0

• 2a · Program service revenue: Tuition & Fees

  total $16,829,780 · related or exempt $16,829,780 · unrelated business $0 · excluded $0

• 2b · Program service revenue: Dormitory

  total $553,181 · related or exempt $553,181 · unrelated business $0 · excluded $0

• 2c · Program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 2d · Program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 2e · Program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $196,478 · related or exempt $0 · unrelated business $0 · excluded $196,478

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

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 5 · Royalties

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 6a · Gross rents

  real property $1,667 · personal property $0

• 6b · Less rental expenses

  real property $0 · personal property $0

• 6c · Rental income or loss

  real property $1,667 · personal property $0

• 6d · Net rental income or loss

  total $1,667 · related or exempt $0 · unrelated business $0 · excluded $1,667

• 7a · Gross sales of assets other than inventory

  securities $1,137,126 · other assets $0

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

  securities $908,080 · other assets $0

• 7c · Gain or loss

  securities $229,046 · other assets $0

• 7d · Net gain or loss

  total $229,046 · related or exempt $0 · unrelated business $0 · excluded $229,046

• 8a · Fundraising events: gross income

  $0

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

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0 · unrelated business $0 · excluded $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11a · Other revenue: Direct Student Loans

  total $9,083,943 · related or exempt $0 · unrelated business $0 · excluded $9,083,943

• 11b · Other revenue: Other Service Revenue

  total $17,752 · related or exempt $0 · unrelated business $0 · excluded $17,752

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $9,101,695

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0 · program services $0

• 2 · Grants to domestic individuals

  total $11,762,610 · program services $11,762,610

• 3 · Grants to foreign organizations and individuals

  total $0 · program services $0

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $0 · program services $0 · management and general $0 · fundraising $0

• 6 · Compensation of disqualified persons

  total $0 · program services $0 · management and general $0 · fundraising $0

• 7 · Other salaries and wages

  total $0 · program services $0 · management and general $0 · fundraising $0

• 8 · Pension plan contributions

  total $0 · program services $0 · management and general $0 · fundraising $0

• 9 · Other employee benefits

  total $0 · program services $0 · management and general $0 · fundraising $0

• 10 · Payroll taxes

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11a · Fees: management

  total $16,056,848 · program services $11,239,794 · management and general $4,817,054 · fundraising $0

• 11b · Fees: legal

  total $1,290 · program services $903 · management and general $387 · fundraising $0

• 11c · Fees: accounting

  total $83,209 · program services $58,246 · management and general $24,963 · fundraising $0

• 11d · Fees: lobbying

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11e · Fees: professional fundraising services

  total $0 · fundraising $0

• 11f · Fees: investment management

  total $0 · program services $0 · management and general $0 · fundraising $0

• 11g · Fees: other

  total $1,153,194 · program services $807,236 · management and general $345,958 · fundraising $0

• 12 · Advertising and promotion

  total $591,677 · program services $414,174 · management and general $177,503 · fundraising $0

• 13 · Office expenses

  total $105,138 · program services $73,597 · management and general $31,541 · fundraising $0

• 14 · Information technology

  total $1,241,183 · program services $868,828 · management and general $372,355 · fundraising $0

• 15 · Royalties

  total $0 · program services $0 · management and general $0 · fundraising $0

• 16 · Occupancy

  total $62,176 · program services $43,523 · management and general $18,653 · fundraising $0

• 17 · Travel

  total $190,526 · program services $133,368 · management and general $57,158 · fundraising $0

• 18 · Travel or entertainment for public officials

  total $0 · program services $0 · management and general $0 · fundraising $0

• 19 · Conferences, conventions and meetings

  total $0 · program services $0 · management and general $0 · fundraising $0

• 20 · Interest

  total $74,494 · program services $52,146 · management and general $22,348 · fundraising $0

• 21 · Payments to affiliates

  total $721,596 · program services $505,117 · management and general $216,479 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $2,397,853 · program services $1,678,497 · management and general $719,356 · fundraising $0

• 23 · Insurance

  total $15,677 · program services $10,974 · management and general $4,703 · fundraising $0

• 24a · Other expenses: Supplies

  total $495,867 · program services $347,107 · management and general $148,760 · fundraising $0

• 24b · Other expenses: Student Expenses

  total $339,501 · program services $237,651 · management and general $101,850 · fundraising $0

• 24c · Other expenses: Repairs & Maintenance

  total $165,517 · program services $115,862 · management and general $49,655 · fundraising $0

• 24d · Other expenses: Equipment

  total $63,003 · program services $44,102 · management and general $18,901 · fundraising $0

• 24e · All other expenses

  total $65,249 · program services $45,674 · management and general $19,575 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,681,346 · end of year $760,831

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 4 · Accounts receivable

  beginning of year $1,380,325 · end of year $3,565,184

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $1,264,097 · end of year $1,745,781

• 9 · Prepaid expenses and deferred charges

  beginning of year $493,383 · end of year $379,203

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

  $40,090,646

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

  $20,489,795

• 10c · Land, buildings and equipment, net

  beginning of year $19,981,126 · end of year $19,600,851

• 11 · Investments: publicly traded securities

  beginning of year $5,485,447 · end of year $9,728,207

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $314,773 · end of year $224,685

• 17 · Accounts payable and accrued expenses

  beginning of year $547,647 · end of year $639,287

• 19 · Deferred revenue

  beginning of year $1,719,792 · end of year $2,101,012

• 20 · Tax-exempt bond liabilities

  beginning of year $3,562,261 · end of year $3,304,959

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $2,127,642 · end of year $2,007,993

• 27 · Net assets without donor restrictions

  beginning of year $19,592,377 · end of year $21,832,814

• 28 · Net assets with donor restrictions

  beginning of year $6,050,778 · end of year $6,118,677

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation

Clarkson College does not have any employees. All employees reported are employees of the Nebraska Medical Center (TNMC) and are covered by compensation and benefit plans provided by TNMC, including certain retirement and deferred compensation plans. TNMC establishes President compensation through the use of a compensation committee, independent compensation consultant, Form 990 of other organizations, written employment contracts, compensation survey or study, and/or approval by the board or compensation committee.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

All employees reported on these forms are employees of the Nebraska Medical Center (TNMC) and are covered by benefits plans provided by TNMC, including certain retirement and deferred compensation plans. Certain executives do participate in supplemental nonqualified retirement plans. No payout occurred during the year from a supplemental nonqualified plan to any current or former individuals. In addition, there is a supplemental executive retirement plan (amended and restated January 1, 2008) which constitutes an unfunded, unsecured plan to provide supplemental retirement benefits to a select group of management or highly compensated employees upon separation of service, subject to the terms and conditions of the plan. The benefit is paid in full one year after employment separation, and the amount is based on the participant's annual compensation, value of the participant's TNMC qualified retirement plan benefit, social security benefit, and number of years of service. Payouts that occurred during the year from the supplemental nonqualified retirement plan to the follow individuals: James Linder: $329,351

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Nebraska Health Network

  Related · Healthcare · NE · share of income $0 · share of assets $0

  Directly controlled by NH Partners

Related corporations and trusts

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

• NHS Orthopaedic Services Inc

  C Corporation · Investment Svc · NE · share of income $0 · share of assets $0

  Directly controlled by TNMC

• Nebraska Health Partners Inc

  C Corporation · Management · NE · share of income $0 · share of assets $0

  Directly controlled by TNMC