Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $127,835

• 1c · Fundraising events

  $9,277

• 1e · Government grants (contributions)

  $3,169,555

• 1f · All other contributions, gifts and grants

  $8,319,730

• 1g · Noncash contributions included above

  $294,810

• 2a · Program service revenue: TUITION AND FEES

  total $71,550,072 · related or exempt $71,550,072

• 2b · Program service revenue: ROOM & BOARD

  total $17,412,519 · related or exempt $17,412,519

• 2c · Program service revenue: AUXILIARY ENTERPRISES

  total $1,593,864 · related or exempt $1,300,951 · unrelated business $292,913

• 2d · Program service revenue: HIGH CENTER MEMBERSHIP DUES

  total $1,380,140 · related or exempt $1,380,140

• 2e · Program service revenue: HUMAN PERFORMANCE LAB

  total $1,670 · related or exempt $1,670

• 3 · Investment income

  total $1,260,046 · unrelated business -$37,351 · excluded $1,297,397

• 5 · Royalties

  total $26,325 · related or exempt $26,325

• 6a · Gross rents

  real property $923,634

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $923,634

• 6d · Net rental income or loss

  total $923,634 · unrelated business $763,962 · excluded $159,672

• 7a · Gross sales of assets other than inventory

  other assets $315,613

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

  other assets $143,886

• 7c · Gain or loss

  other assets $171,727

• 7d · Net gain or loss

  total $171,727 · excluded $171,727

• 8a · Fundraising events: gross income

  $31,763

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

  $9,277

• 8b · Fundraising events: direct expenses

  $19,361

• 8c · Net income from fundraising events

  total $12,402 · excluded $12,402

• 9a · Gaming: gross income

  $19,852

• 9b · Gaming: direct expenses

  $9,798

• 9c · Net income from gaming

  total $10,054 · excluded $10,054

• 10a · Gross sales of inventory

  $1,334,513

• 10b · Cost of goods sold

  $1,158,492

• 10c · Net income from sales of inventory

  total $176,021 · excluded $176,021

• 11a · Other revenue: REBATES

  total $111,034 · excluded $111,034

• 11b · Other revenue: ONLINE EDUCATION COURSES

  total $39,641 · related or exempt $39,641

• 11c · Other revenue: MUSIC LESSONS

  total $19,771 · related or exempt $19,771

• 11d · All other revenue

  total $6,153 · excluded $6,153

• 11e · Other revenue, total

  $176,599

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $33,818,029 · program services $33,818,029

• 5 · Compensation of officers, directors and key employees

  total $2,092,787 · program services $327,291 · management and general $1,325,905 · fundraising $439,591

• 7 · Other salaries and wages

  total $30,940,434 · program services $26,759,949 · management and general $3,959,411 · fundraising $221,074

• 8 · Pension plan contributions

  total $1,878,726 · program services $1,540,555 · management and general $281,809 · fundraising $56,362

• 9 · Other employee benefits

  total $8,221,679 · program services $6,741,777 · management and general $1,233,252 · fundraising $246,650

• 10 · Payroll taxes

  total $2,289,495 · program services $1,877,386 · management and general $343,424 · fundraising $68,685

• 11b · Fees: legal

  total $80,718 · management and general $80,718

• 11c · Fees: accounting

  total $121,356 · management and general $121,356

• 11f · Fees: investment management

  total $50,864 · management and general $50,864

• 11g · Fees: other

  total $111,478 · management and general $111,478

• 12 · Advertising and promotion

  total $1,372,777 · program services $1,372,777

• 13 · Office expenses

  total $2,345,729 · program services $1,759,297 · management and general $469,146 · fundraising $117,286

• 14 · Information technology

  total $1,246,686 · program services $947,481 · management and general $286,738 · fundraising $12,467

• 16 · Occupancy

  total $1,806,098 · program services $1,733,854 · management and general $54,183 · fundraising $18,061

• 17 · Travel

  total $347,926 · program services $267,903 · management and general $52,189 · fundraising $27,834

• 19 · Conferences, conventions and meetings

  total $89,254 · program services $67,833 · management and general $19,636 · fundraising $1,785

• 20 · Interest

  total $2,123,011 · program services $2,123,011

• 22 · Depreciation, depletion and amortization

  total $6,165,027 · program services $5,945,907 · management and general $164,340 · fundraising $54,780

• 23 · Insurance

  total $847,488 · program services $813,588 · management and general $25,425 · fundraising $8,475

• 24a · Other expenses: COST OF FOOD

  total $2,691,258 · program services $2,691,258

• 24b · Other expenses: CONTRACTED SERVICES

  total $2,589,227 · program services $1,993,705 · management and general $569,630 · fundraising $25,892

• 24c · Other expenses: STUDENT PROGRAMS

  total $2,175,225 · program services $2,175,225

• 24e · All other expenses

  total $7,171,602 · program services $5,591,969 · management and general $1,257,715 · fundraising $321,918

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,501,733 · end of year $4,500

• 2 · Savings and temporary cash investments

  beginning of year $11,677,604 · end of year $11,230,757

• 3 · Pledges and grants receivable

  beginning of year $1,706,611 · end of year $1,649,517

• 4 · Accounts receivable

  beginning of year $1,668,491 · end of year $2,949,756

• 7 · Other notes and loans receivable

  beginning of year $259,037 · end of year $109,898

• 8 · Inventories for sale or use

  beginning of year $424,691 · end of year $398,604

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,419,283 · end of year $1,642,431

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

  $202,163,144

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

  $105,878,229

• 10c · Land, buildings and equipment, net

  beginning of year $95,248,817 · end of year $96,284,915

• 11 · Investments: publicly traded securities

  beginning of year $29,517,563 · end of year $37,238,140

• 12 · Investments: other securities

  beginning of year $77,169,698 · end of year $79,336,104

• 15 · Other assets

  beginning of year $1,828,748 · end of year $1,421,628

• 17 · Accounts payable and accrued expenses

  beginning of year $4,161,826 · end of year $5,348,803

• 20 · Tax-exempt bond liabilities

  beginning of year $56,807,640 · end of year $56,120,621

• 21 · Escrow or custodial account liability

  beginning of year $3,203,766 · end of year $3,386,524

• 23 · Secured mortgages and notes payable

  beginning of year $1,828,748 · end of year $1,421,628

• 25 · Other liabilities

  beginning of year $17,872,293 · end of year $11,509,224

• 27 · Net assets without donor restrictions

  beginning of year $43,724,097 · end of year $51,036,080

• 28 · Net assets with donor restrictions

  beginning of year $96,823,906 · end of year $103,443,370

The filer's explanations (Part III)

PART I, LINE 1A

VP FOR ENROLLMENT, JOHN CHAMPOLI RECEIVED ON-CAMPUS HOUSING. THE VALUE OF THE HOUSING WAS ASSIGNED A FAIR MARKET VALUE AND WAS INCLUDED IN COMPENSATION FOR CALENDAR YEAR 2023.