Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $941,459

• 1f · All other contributions, gifts and grants

  $6,362,451

• 1g · Noncash contributions included above

  $6,470

• 2a · Program service revenue: TUITION AND FEES

  total $90,591,683 · related or exempt $90,591,683

• 2b · Program service revenue: AUXILIARIES

  total $10,481,051 · related or exempt $10,295,771 · unrelated business $185,280

• 2c · Program service revenue: OTHER PROGRAM REVENUE

  total $1,153,837 · related or exempt $1,153,837

• 3 · Investment income

  total $1,801,797 · unrelated business -$14,073 · excluded $1,815,870

• 6a · Gross rents

  real property $104,073

• 6b · Less rental expenses

  real property $24,354

• 6c · Rental income or loss

  real property $79,719

• 6d · Net rental income or loss

  total $79,719 · excluded $79,719

• 7a · Gross sales of assets other than inventory

  securities $200,203,367 · other assets $7,131,744

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

  securities $190,557,258 · other assets $5,619,512

• 7c · Gain or loss

  securities $9,646,109 · other assets $1,512,232

• 7d · Net gain or loss

  total $11,158,341 · excluded $11,158,341

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $51,412,705 · program services $51,412,705

• 3 · Grants to foreign organizations and individuals

  total $39,628 · program services $39,628

• 5 · Compensation of officers, directors and key employees

  total $1,676,602 · program services $461,975 · management and general $779,701 · fundraising $434,926

• 7 · Other salaries and wages

  total $33,979,937 · program services $29,645,209 · management and general $3,782,454 · fundraising $552,274

• 8 · Pension plan contributions

  total $953,687 · program services $818,127 · management and general $99,295 · fundraising $36,265

• 9 · Other employee benefits

  total $5,617,631 · program services $4,632,807 · management and general $791,840 · fundraising $192,984

• 10 · Payroll taxes

  total $2,455,088 · program services $2,177,201 · management and general $207,894 · fundraising $69,993

• 11b · Fees: legal

  total $54,406 · program services $6,505 · management and general $47,901

• 11c · Fees: accounting

  total $70,300 · management and general $70,300

• 11f · Fees: investment management

  total $807,198 · management and general $807,198

• 11g · Fees: other

  total $6,783,620 · program services $5,814,458 · management and general $752,737 · fundraising $216,425

• 12 · Advertising and promotion

  total $813,050 · program services $67,184 · management and general $745,866

• 13 · Office expenses

  total $2,033,111 · program services $1,866,339 · management and general $79,060 · fundraising $87,712

• 14 · Information technology

  total $3,534,512 · program services $3,193,166 · management and general $202,328 · fundraising $139,018

• 16 · Occupancy

  total $6,752,244 · program services $6,164,629 · management and general $571,469 · fundraising $16,146

• 17 · Travel

  total $1,289,831 · program services $1,145,047 · management and general $36,955 · fundraising $107,829

• 19 · Conferences, conventions and meetings

  total $1,416,018 · program services $1,178,829 · management and general $91,946 · fundraising $145,243

• 20 · Interest

  total $2,187,909 · program services $2,078,514 · management and general $109,395

• 22 · Depreciation, depletion and amortization

  total $8,029,702 · program services $7,625,091 · management and general $404,611

• 23 · Insurance

  total $814,328 · program services $93,664 · management and general $720,664

• 24a · Other expenses: ALLOW.-DOUBTFUL ACCTS.

  total $130,574 · program services $130,574

• 24b · Other expenses: OTHER INDIRECT COSTS

  total $12,089 · program services $8,617 · management and general $3,472

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $19,555,491 · end of year $22,747,064

• 3 · Pledges and grants receivable

  beginning of year $1,434,978 · end of year $919,486

• 4 · Accounts receivable

  beginning of year $1,483,196 · end of year $1,502,172

• 7 · Other notes and loans receivable

  beginning of year $1,114,661 · end of year $860,060

• 8 · Inventories for sale or use

  beginning of year $59,204 · end of year $65,105

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,921,131 · end of year $2,000,537

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

  $253,648,719

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

  $154,864,075

• 10c · Land, buildings and equipment, net

  beginning of year $108,068,122 · end of year $98,784,644

• 11 · Investments: publicly traded securities

  beginning of year $42,851,693 · end of year $17,767,874

• 12 · Investments: other securities

  beginning of year $107,713,269 · end of year $139,408,936

• 15 · Other assets

  beginning of year $10,657,648 · end of year $11,328,086

• 17 · Accounts payable and accrued expenses

  beginning of year $8,248,300 · end of year $12,379,733

• 18 · Grants payable

  beginning of year $593,546 · end of year $1,354,474

• 19 · Deferred revenue

  beginning of year $2,271,536 · end of year $1,799,251

• 20 · Tax-exempt bond liabilities

  beginning of year $37,463,759 · end of year $37,451,608

• 23 · Secured mortgages and notes payable

  beginning of year $285,297 · end of year $221,505

• 25 · Other liabilities

  beginning of year $4,342,396 · end of year $4,474,459

• 27 · Net assets without donor restrictions

  beginning of year $109,689,120 · end of year $96,487,489

• 28 · Net assets with donor restrictions

  beginning of year $131,965,439 · end of year $141,215,445

The filer's explanations (Part III)

PART I, LINE 1A

BENEFITS OFFERED TO CERTAIN EMPLOYEES - TAX INDEMNIFICATION AND GROSS-UP PAYMENTS: THE PRESIDENT OF THE UNIVERSITY RECEIVES AN AUTOMOBILE AND A HOUSING ALLOWANCE. THESE ALLOWANCES ARE TREATED AS TAXABLE COMPENSATION AND ARE GROSSED-UP PAYMENTS. HEALTH OR SOCIAL CLUB DUES: THE UNIVERSITY PROVIDES A SOCIAL CLUB MEMBERSHIP TO THE PRESIDENT AND THE VICE PRESIDENT FOR ADVANCEMENT. THIS PROVIDES A FACILITY FOR HOSTING UNIVERSITY-RELATED EVENTS AND, AS SUCH, IS NOT TREATED AS TAXABLE COMPENSATION SINCE IT IS USED STRICTLY FOR BUSINESS PURPOSES. TRAVEL FOR COMPANIONS: THE UNIVERSITY ON OCCASION PAYS FOR TRAVEL EXPENSES FOR THE PRESIDENT'S SPOUSE WHEN SHE IS ASSISTING THE PRESIDENT WITH UNIVERSITY MATTERS.

PART I, LINE 1B

WRITTEN POLICY FOR EXPENSES - CAPITAL UNIVERSITY DOES NOT HAVE A POLICY THAT CLEARLY STATES WHO IS ELIGIBLE FOR EXTRA ALLOWANCES - HOUSING, AUTOMOBILE, ETC. THE PRESIDENT'S CONTRACT DOES INCLUDE SPECIFIC LANGUAGE THAT SPEAKS TO THE ADDITIONAL ALLOWANCES OFFERED (I.E., AUTOMOBILE, HOUSING, CLUB).

PART I, LINE 4B

SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: PRESIDENT KAUFMAN PARTICIPATED IN A SECTION 457(F) NONQUALIFIED DEFERRED COMPENSATION PLAN DURING THE YEAR.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (2)

  T · INVESTMENTS · OH