Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $188,600

• 1d · Related organizations

  $1,279,778

• 1e · Government grants (contributions)

  $2,772,514

• 1f · All other contributions, gifts and grants

  $18,456,599

• 1g · Noncash contributions included above

  $686,548

• 2a · Program service revenue: TUITION & FEES

  total $87,551,709 · related or exempt $87,551,709

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $18,872,248 · related or exempt $18,872,248

• 3 · Investment income

  total $3,283,640 · unrelated business $17,491 · excluded $3,266,149

• 5 · Royalties

  total $1,981 · excluded $1,981

• 7a · Gross sales of assets other than inventory

  securities $20,340,632

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

  securities $20,190,557 · other assets $67,287

• 7c · Gain or loss

  securities $150,075 · other assets -$67,287

• 7d · Net gain or loss

  total $82,788 · excluded $82,788

• 8a · Fundraising events: gross income

  $73,835

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

  $188,600

• 8b · Fundraising events: direct expenses

  $145,386

• 8c · Net income from fundraising events

  total -$71,551 · excluded -$71,551

• 10a · Gross sales of inventory

  $5,151,934

• 10b · Cost of goods sold

  $5,252,778

• 10c · Net income from sales of inventory

  total -$100,844 · unrelated business $476,672 · excluded -$577,516

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $30,197,206 · program services $30,197,206

• 5 · Compensation of officers, directors and key employees

  total $1,741,953 · program services $645,128 · management and general $686,973 · fundraising $409,852

• 7 · Other salaries and wages

  total $48,082,661 · program services $45,162,709 · management and general $2,028,077 · fundraising $891,875

• 8 · Pension plan contributions

  total $918,766 · program services $853,537 · management and general $45,512 · fundraising $19,717

• 9 · Other employee benefits

  total $8,855,339 · program services $8,354,271 · management and general $362,349 · fundraising $138,719

• 10 · Payroll taxes

  total $3,705,666 · program services $3,150,222 · management and general $491,555 · fundraising $63,889

• 11b · Fees: legal

  total $145,728 · management and general $145,728

• 11c · Fees: accounting

  total $314,217 · management and general $314,217

• 11e · Fees: professional fundraising services

  total $358,565 · fundraising $358,565

• 11f · Fees: investment management

  total $87,102 · management and general $87,102

• 11g · Fees: other

  total $6,127,877 · program services $5,619,700 · management and general $289,219 · fundraising $218,958

• 12 · Advertising and promotion

  total $3,886,583 · program services $3,808,075 · management and general $45,108 · fundraising $33,400

• 13 · Office expenses

  total $3,787,857 · program services $2,835,125 · management and general $921,044 · fundraising $31,688

• 14 · Information technology

  total $351,173 · program services $321,489 · management and general $7,510 · fundraising $22,174

• 16 · Occupancy

  total $4,373,599 · program services $4,371,303 · fundraising $2,296

• 17 · Travel

  total $2,632,427 · program services $2,459,094 · management and general $36,866 · fundraising $136,467

• 19 · Conferences, conventions and meetings

  total $111,287 · program services $104,870 · management and general $213 · fundraising $6,204

• 20 · Interest

  total $3,579,601 · program services $3,579,601

• 22 · Depreciation, depletion and amortization

  total $7,413,875 · program services $7,413,875

• 23 · Insurance

  total $1,563,163 · program services $1,013,380 · management and general $549,783

• 24a · Other expenses: BAD DEBT-SEE SCHEDULE O

  total $2,594,718 · program services $2,594,718

• 24b · Other expenses: HOSPITALITY

  total $1,413,155 · program services $1,281,857 · management and general $69,006 · fundraising $62,292

• 24c · Other expenses: DOE-SEE SCHEDULE O

  total $885,136 · program services $885,136

• 24d · Other expenses: INSTRUCTIONAL COST

  total $485,205 · program services $485,205

• 24e · All other expenses

  total $2,562,098 · program services $2,027,188 · management and general $476,771 · fundraising $58,139

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,560 · end of year $12,596

• 2 · Savings and temporary cash investments

  beginning of year $35,490,224 · end of year $33,181,668

• 3 · Pledges and grants receivable

  beginning of year $12,781,914 · end of year $6,949,329

• 4 · Accounts receivable

  beginning of year $24,188,894 · end of year $22,109,114

• 7 · Other notes and loans receivable

  beginning of year $1,350,573 · end of year $1,200,484

• 8 · Inventories for sale or use

  beginning of year $622,320 · end of year $590,111

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,176,181 · end of year $1,238,004

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

  $308,515,717

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

  $145,148,092

• 10c · Land, buildings and equipment, net

  beginning of year $162,657,764 · end of year $163,367,625

• 11 · Investments: publicly traded securities

  beginning of year $56,879,025 · end of year $66,203,925

• 12 · Investments: other securities

  beginning of year $6,637,599 · end of year $8,709,750

• 15 · Other assets

  beginning of year $4,032,501 · end of year $4,160,723

• 17 · Accounts payable and accrued expenses

  beginning of year $19,552,873 · end of year $19,621,939

• 19 · Deferred revenue

  beginning of year $14,361,291 · end of year $15,134,672

• 20 · Tax-exempt bond liabilities

  beginning of year $59,342,291 · end of year $57,980,461

• 23 · Secured mortgages and notes payable

  beginning of year $100,000 · end of year $0

• 25 · Other liabilities

  beginning of year $3,854,719 · end of year $3,499,096

• 27 · Net assets without donor restrictions

  beginning of year $121,289,783 · end of year $123,282,322

• 28 · Net assets with donor restrictions

  beginning of year $87,328,598 · end of year $88,204,839

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING ALLOWANCE WAS PROVIDED FOR THE PRESIDENT AND WAS INCLUDED IN HIS TAXABLE COMPENSATION.

Related corporations and trusts

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

• ASHLAND LEGACY TRUST

  T · SEE PART VII FOR PRIMARY ACTIVITY · OH · 100% owned