Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,115,870

• 1f · All other contributions, gifts and grants

  $5,606,110

• 1g · Noncash contributions included above

  $2,258,819

• 2a · Program service revenue: TUITION & FEES

  total $54,792,972 · related or exempt $54,792,972

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $6,660,079 · related or exempt $6,660,079

• 2c · Program service revenue: OTHER SOURCES

  total $1,008,180 · related or exempt $1,008,180

• 2d · Program service revenue: TRANSCRIPTS

  total $40,284 · related or exempt $40,284

• 2e · Program service revenue: PARKING

  total $31,812 · related or exempt $31,812

• 3 · Investment income

  total $604,690 · unrelated business $13,439 · excluded $591,251

• 6a · Gross rents

  real property $109,940

• 6b · Less rental expenses

  real property $11,432

• 6c · Rental income or loss

  real property $98,508

• 6d · Net rental income or loss

  total $98,508 · excluded $98,508

• 7a · Gross sales of assets other than inventory

  securities $21,318,000

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

  securities $20,578,785

• 7c · Gain or loss

  securities $739,215

• 7d · Net gain or loss

  total $739,215 · excluded $739,215

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $23,193,040 · program services $23,193,040

• 5 · Compensation of officers, directors and key employees

  total $1,400,813 · program services $1,093,942 · management and general $306,446 · fundraising $425

• 7 · Other salaries and wages

  total $21,425,809 · program services $17,998,696 · management and general $3,034,026 · fundraising $393,087

• 8 · Pension plan contributions

  total $587,515 · program services $536,652 · management and general $39,757 · fundraising $11,106

• 9 · Other employee benefits

  total $3,059,176 · program services $2,406,530 · management and general $551,290 · fundraising $101,356

• 10 · Payroll taxes

  total $1,564,686 · program services $1,296,903 · management and general $240,465 · fundraising $27,318

• 11b · Fees: legal

  total $105,818 · management and general $105,818

• 11c · Fees: accounting

  total $127,020 · management and general $127,020

• 11f · Fees: investment management

  total $326,825 · management and general $326,825

• 11g · Fees: other

  total $2,184,640 · program services $1,469,113 · management and general $680,236 · fundraising $35,291

• 12 · Advertising and promotion

  total $660,923 · program services $93,098 · management and general $567,825

• 16 · Occupancy

  total $1,991,510 · program services $1,630,169 · management and general $360,953 · fundraising $388

• 17 · Travel

  total $372,639 · program services $338,565 · management and general $11,809 · fundraising $22,265

• 20 · Interest

  total $379,912 · program services $293,140 · management and general $86,658 · fundraising $114

• 22 · Depreciation, depletion and amortization

  total $3,063,421 · program services $2,400,835 · management and general $653,559 · fundraising $9,027

• 23 · Insurance

  total $912,076 · program services $42,492 · management and general $869,108 · fundraising $476

• 24a · Other expenses: NEW YORK ARTICLE 13 TAX

  total $250 · management and general $250

• 24b · Other expenses: STUDENT DINING SERVICES

  total $2,795,085 · program services $2,795,085

• 24c · Other expenses: STUDENT HOUSING EXPENSE

  total $1,427,210 · program services $1,427,210

• 24d · Other expenses: OPERATION & MAINTENANCE

  total $1,242,966 · program services $749,456 · management and general $493,486 · fundraising $24

• 24e · All other expenses

  total $4,400,854 · program services $3,068,816 · management and general $1,281,152 · fundraising $50,886

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,615,967 · end of year $6,671,803

• 4 · Accounts receivable

  beginning of year $1,544,087 · end of year $1,470,843

• 7 · Other notes and loans receivable

  beginning of year $31,006 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,321,382 · end of year $2,219,783

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

  $101,749,908

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

  $57,865,936

• 10c · Land, buildings and equipment, net

  beginning of year $44,489,497 · end of year $43,883,972

• 11 · Investments: publicly traded securities

  beginning of year $22,772,902 · end of year $23,264,472

• 12 · Investments: other securities

  beginning of year $19,733,295 · end of year $20,998,068

• 15 · Other assets

  beginning of year $1,149,564 · end of year $1,122,205

• 17 · Accounts payable and accrued expenses

  beginning of year $5,320,656 · end of year $3,987,336

• 19 · Deferred revenue

  beginning of year $6,290,668 · end of year $5,252,765

• 20 · Tax-exempt bond liabilities

  beginning of year $7,800,277 · end of year $6,996,137

• 23 · Secured mortgages and notes payable

  beginning of year $1,453,522 · end of year $759,676

• 25 · Other liabilities

  beginning of year $3,064,946 · end of year $3,211,418

• 27 · Net assets without donor restrictions

  beginning of year $39,761,729 · end of year $38,830,772

• 28 · Net assets with donor restrictions

  beginning of year $36,965,902 · end of year $40,593,042

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE COLLEGE REQUIRES THE PRESIDENT TO LIVE IN A HOUSE ON THE CAMPUS AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE. THE HOUSE IS FURNISHED AND MAINTAINED AT THE COLLEGE'S EXPENSE. THE TOTAL ESTIMATED ANNUAL PERSONAL USE VALUE OF THE RESIDENCE IS $50,000 AND IS INCLUDED IN THE NONTAXABLE BENEFITS REPORTED IN PART VII AND SCHEDULE J.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUST (1)

  INVESTMENT · NY

• POOLED LIFE INCOME FUND (1)

  INVESTMENT · NY

• GIFT ANNUITY FUND (1)

  INVESTMENT · NY