Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $218,937

• 1d · Related organizations

  $3,596,400

• 1e · Government grants (contributions)

  $1,217,012

• 1f · All other contributions, gifts and grants

  $8,458,506

• 1g · Noncash contributions included above

  $3,189

• 2a · Program service revenue: TUITION AND FEES

  total $36,926,795 · related or exempt $36,926,795

• 2b · Program service revenue: AUXILIARY

  total $10,315,149 · related or exempt $10,315,149

• 2c · Program service revenue: CONFERENCES & CAMPS

  total $25,914 · unrelated business $25,914

• 3 · Investment income

  total $30,909 · excluded $30,909

• 6a · Gross rents

  real property $63,407

• 6b · Less rental expenses

  real property $94,156

• 6c · Rental income or loss

  real property -$30,749

• 6d · Net rental income or loss

  total -$30,749 · unrelated business -$30,749

• 7a · Gross sales of assets other than inventory

  securities $60,456

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

  securities $0 · other assets $2,108

• 7c · Gain or loss

  securities $60,456 · other assets -$2,108

• 7d · Net gain or loss

  total $58,348 · unrelated business $315 · excluded $58,033

• 8a · Fundraising events: gross income

  $16,336

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

  $218,937

• 8b · Fundraising events: direct expenses

  $96,081

• 8c · Net income from fundraising events

  total -$79,745 · excluded -$79,745

• 9a · Gaming: gross income

  $33,787

• 9b · Gaming: direct expenses

  $13,563

• 9c · Net income from gaming

  total $20,224 · excluded $20,224

• 11a · Other revenue: HOUSING MANAGEMENT

  total $171,537 · excluded $171,537

• 11e · Other revenue, total

  $171,537

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $19,283,381 · program services $19,283,381

• 3 · Grants to foreign organizations and individuals

  total $1,179,086 · program services $1,179,086

• 5 · Compensation of officers, directors and key employees

  total $1,038,989 · program services $127,177 · management and general $539,244 · fundraising $372,568

• 7 · Other salaries and wages

  total $14,396,171 · program services $11,440,816 · management and general $2,858,179 · fundraising $97,176

• 8 · Pension plan contributions

  total $276,281 · program services $217,266 · management and general $59,015

• 9 · Other employee benefits

  total $3,231,565 · program services $2,489,140 · management and general $742,425

• 10 · Payroll taxes

  total $1,077,256 · program services $836,051 · management and general $241,205

• 11b · Fees: legal

  total $130,233 · management and general $130,233

• 11c · Fees: accounting

  total $115,694 · management and general $115,694

• 11f · Fees: investment management

  total $51,104 · management and general $51,104

• 11g · Fees: other

  total $8,546,302 · program services $5,309,352 · management and general $3,225,854 · fundraising $11,096

• 12 · Advertising and promotion

  total $1,068,264 · program services $776,221 · management and general $249,322 · fundraising $42,721

• 13 · Office expenses

  total $475,534 · program services $309,555 · management and general $109,102 · fundraising $56,877

• 14 · Information technology

  total $234,593 · program services $214,411 · management and general $20,182

• 15 · Royalties

  total $6,754 · program services $6,754

• 16 · Occupancy

  total $1,584,520 · program services $204,240 · management and general $1,378,184 · fundraising $2,096

• 17 · Travel

  total $737,005 · program services $668,464 · management and general $46,529 · fundraising $22,012

• 20 · Interest

  total $639,318 · program services $556,207 · management and general $76,718 · fundraising $6,393

• 22 · Depreciation, depletion and amortization

  total $3,391,458 · program services $2,950,568 · management and general $406,975 · fundraising $33,915

• 23 · Insurance

  total $461,855 · program services $164,850 · management and general $297,005

• 24a · Other expenses: ACTIVITIES

  total $1,532,637 · program services $1,359,628 · management and general $81,709 · fundraising $91,300

• 24b · Other expenses: REPAIRS AND MAINTENANCE

  total $391,227 · program services $150,852 · management and general $240,375

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $314,195 · program services $153,217 · management and general $150,629 · fundraising $10,349

• 24d · Other expenses: BAD DEBT

  total $129,400 · management and general $129,400

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,517,600 · end of year $384,956

• 3 · Pledges and grants receivable

  beginning of year $1,723,273 · end of year $1,167,853

• 4 · Accounts receivable

  beginning of year $1,062,175 · end of year $1,288,358

• 9 · Prepaid expenses and deferred charges

  beginning of year $725,114 · end of year $1,051,039

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

  $111,494,287

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

  $46,251,126

• 10c · Land, buildings and equipment, net

  beginning of year $67,629,512 · end of year $65,243,161

• 11 · Investments: publicly traded securities

  beginning of year $17,219,189 · end of year $14,155,727

• 15 · Other assets

  beginning of year $939,780 · end of year $1,286,985

• 17 · Accounts payable and accrued expenses

  beginning of year $5,085,297 · end of year $2,777,522

• 19 · Deferred revenue

  beginning of year $1,154,358 · end of year $1,219,249

• 20 · Tax-exempt bond liabilities

  beginning of year $18,061,934 · end of year $12,537,804

• 23 · Secured mortgages and notes payable

  beginning of year $2,043,196 · end of year $0

• 25 · Other liabilities

  beginning of year $141,226 · end of year $135,426

• 27 · Net assets without donor restrictions

  beginning of year $44,214,168 · end of year $49,150,410

• 28 · Net assets with donor restrictions

  beginning of year $21,116,464 · end of year $18,757,668

The filer's explanations (Part III)

PART I, LINE 1A

- THE PRESIDENT OF THE UNIVERSITY LIVES IN A HOUSE THAT IS OWNED BY THE UNIVERSITY AND HAS A DISCRETIONARY SPENDING ACCOUNT. ALL EXPENSES, INCLUDING UTILITIES AND HOUSEKEEPING, ARE PAID BY THE UNIVERSITY. THE PRESIDENT IS TAX-EXEMPT DUE TO HER RELIGIOUS STATUS. - LEE JOHNSON RECEIVED TAX INDEMNIFICATION AND GROSS-UP PAYMENTS THAT WERE TREATED AS TAXABLE COMPENSATION.