Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $73,949

• 1e · Government grants (contributions)

  $467,252

• 1f · All other contributions, gifts and grants

  $21,081,385

• 1g · Noncash contributions included above

  $7,539,979

• 2a · Program service revenue: Tuition & Fees

  total $27,090,123 · related or exempt $27,090,123

• 2b · Program service revenue: Auxillary Income

  total $6,485,997 · related or exempt $6,485,997

• 2c · Program service revenue: Federal Aid Reimb

  total $22,514 · related or exempt $22,514

• 2d · Program service revenue: Student Loan Interest

  total $4,152 · related or exempt $4,152

• 2f · All other program service revenue

  total $108,502 · related or exempt $105,218 · unrelated business $3,284

• 3 · Investment income

  total $1,439,355 · excluded $1,439,355

• 5 · Royalties

  total $185,727 · excluded $185,727

• 6a · Gross rents

  real property $261,990

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $261,990

• 6d · Net rental income or loss

  total $261,990 · excluded $261,990

• 7a · Gross sales of assets other than inventory

  securities $9,835,768 · other assets $1,113,228

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

  securities $7,396,159 · other assets $1,205,000

• 7c · Gain or loss

  securities $2,439,609 · other assets -$91,772

• 7d · Net gain or loss

  total $2,347,837 · excluded $2,347,837

• 8a · Fundraising events: gross income

  $100,658

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

  $73,949

• 8b · Fundraising events: direct expenses

  $188,100

• 8c · Net income from fundraising events

  total -$87,442 · excluded -$87,442

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $13,474,808 · program services $13,474,808

• 5 · Compensation of officers, directors and key employees

  total $508,926 · program services $119,976 · management and general $268,974 · fundraising $119,976

• 7 · Other salaries and wages

  total $14,951,886 · program services $13,522,570 · management and general $786,638 · fundraising $642,678

• 8 · Pension plan contributions

  total $515,467 · program services $470,826 · management and general $23,818 · fundraising $20,823

• 9 · Other employee benefits

  total $1,840,133 · program services $1,644,179 · management and general $111,260 · fundraising $84,694

• 10 · Payroll taxes

  total $979,927 · program services $866,688 · management and general $65,489 · fundraising $47,750

• 11b · Fees: legal

  total $48,285 · management and general $48,285

• 11c · Fees: accounting

  total $58,152 · management and general $58,152

• 11f · Fees: investment management

  total $136,035 · management and general $136,035

• 12 · Advertising and promotion

  total $704,495 · program services $457,710 · fundraising $246,785

• 13 · Office expenses

  total $1,201,325 · program services $1,044,382 · management and general $41,059 · fundraising $115,884

• 14 · Information technology

  total $812,370 · program services $807,968 · management and general $2,201 · fundraising $2,201

• 16 · Occupancy

  total $2,385,925 · program services $2,382,460 · management and general $1,144 · fundraising $2,321

• 17 · Travel

  total $301,065 · program services $196,673 · management and general $24,004 · fundraising $80,388

• 19 · Conferences, conventions and meetings

  total $59,191 · management and general $59,191

• 20 · Interest

  total $720,751 · management and general $720,751

• 22 · Depreciation, depletion and amortization

  total $2,309,402 · program services $2,286,818 · management and general $15,056 · fundraising $7,528

• 24a · Other expenses: Contract Food Services

  total $2,014,042 · program services $2,014,042

• 24b · Other expenses: Athletics/Music Program

  total $1,633,416 · program services $1,571,855 · fundraising $61,561

• 24c · Other expenses: Repair & Maintenance

  total $1,283,951 · program services $1,276,005 · management and general $5,297 · fundraising $2,649

• 24d · Other expenses: Auxiliary Cost of Goods

  total $223,855 · program services $223,855

• 24e · All other expenses

  total $479,581 · program services $345,472 · management and general $134,239 · fundraising -$130

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $17,409 · end of year $17,558

• 2 · Savings and temporary cash investments

  beginning of year $5,179,787 · end of year $8,351,245

• 3 · Pledges and grants receivable

  beginning of year $200 · end of year $6,380,068

• 4 · Accounts receivable

  beginning of year $475,567 · end of year $1,218,174

• 7 · Other notes and loans receivable

  beginning of year $775,000 · end of year $875,000

• 8 · Inventories for sale or use

  beginning of year $207,647 · end of year $264,171

• 9 · Prepaid expenses and deferred charges

  beginning of year $108,556 · end of year $99,024

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

  $88,291,422

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

  $41,829,068

• 10c · Land, buildings and equipment, net

  beginning of year $45,014,289 · end of year $46,462,354

• 11 · Investments: publicly traded securities

  beginning of year $15,435 · end of year $5,948

• 12 · Investments: other securities

  beginning of year $45,015,088 · end of year $48,025,346

• 13 · Investments: program-related

  beginning of year $224,777 · end of year $176,256

• 15 · Other assets

  beginning of year $19,971,670 · end of year $20,843,372

• 17 · Accounts payable and accrued expenses

  beginning of year $1,569,877 · end of year $2,558,794

• 18 · Grants payable

  beginning of year $165,135 · end of year $104,759

• 19 · Deferred revenue

  beginning of year $1,512,905 · end of year $1,494,349

• 20 · Tax-exempt bond liabilities

  beginning of year $3,700,001 · end of year $3,700,000

• 21 · Escrow or custodial account liability

  beginning of year $399,690 · end of year $225,768

• 23 · Secured mortgages and notes payable

  beginning of year $4,299,416 · end of year $3,746,682

• 25 · Other liabilities

  beginning of year $20,643,924 · end of year $21,284,052

• 27 · Net assets without donor restrictions

  beginning of year $37,513,198 · end of year $35,591,983

• 28 · Net assets with donor restrictions

  beginning of year $47,201,279 · end of year $64,012,129

The filer's explanations (Part III)

Part I, Line 1a

The President receives a housing allowance which is properly reported as taxable income on the W-2.

Related corporations and trusts

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

• Perpetual Trusts (2)

  T · Charitable Trust · ND · controlled entity

• Perpetual Trust (1)

  T · Charitable Trust · IN · controlled entity