Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $3,459,900

• 1f · All other contributions, gifts and grants

  $4,654,935

• 1g · Noncash contributions included above

  $3,481

• 2a · Program service revenue: TUITION AND FEES

  total $49,388,585 · related or exempt $49,388,585

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $4,198,364 · related or exempt $4,198,364

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $853,245 · excluded $853,245

• 5 · Royalties

  total $284,523 · excluded $284,523

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $49,327,898 · other assets $1,800,792

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

  securities $48,969,652 · other assets $764,738

• 7c · Gain or loss

  securities $358,246 · other assets $1,036,054

• 7d · Net gain or loss

  total $1,394,300 · excluded $1,394,300

• 11a · Other revenue: EDUCATIONAL SUPPORT

  total $49,224 · related or exempt $49,224

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $49,224

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $23,609,055 · program services $23,609,055

• 5 · Compensation of officers, directors and key employees

  total $1,632,536 · program services $527,577 · management and general $996,080 · fundraising $108,879

• 7 · Other salaries and wages

  total $15,057,873 · program services $14,252,766 · management and general $551,541 · fundraising $253,566

• 8 · Pension plan contributions

  total $885,709 · program services $868,304 · management and general $4,750 · fundraising $12,655

• 9 · Other employee benefits

  total $2,391,279 · program services $2,257,490 · management and general $85,672 · fundraising $48,117

• 10 · Payroll taxes

  total $1,181,152 · program services $1,059,220 · management and general $96,897 · fundraising $25,035

• 11b · Fees: legal

  total $79,364 · management and general $79,364

• 11c · Fees: accounting

  total $123,604 · management and general $123,604

• 11f · Fees: investment management

  total $84,609 · management and general $84,609

• 11g · Fees: other

  total $2,454,535 · program services $1,328,281 · management and general $1,126,254 · fundraising $0

• 12 · Advertising and promotion

  total $1,088,737 · program services $69,505 · management and general $1,018,245 · fundraising $987

• 13 · Office expenses

  total $894,390 · program services $843,013 · management and general $39,401 · fundraising $11,976

• 16 · Occupancy

  total $1,292,149 · program services $1,292,149

• 17 · Travel

  total $1,490,838 · program services $1,411,791 · management and general $61,024 · fundraising $18,023

• 20 · Interest

  total $914,821 · program services $889,571 · management and general $21,021 · fundraising $4,229

• 22 · Depreciation, depletion and amortization

  total $3,080,985 · program services $2,995,948 · management and general $70,795 · fundraising $14,242

• 23 · Insurance

  total $661,080 · program services $612,703 · management and general $40,968 · fundraising $7,409

• 24a · Other expenses: FOOD SERVICE

  total $1,109,170 · program services $1,109,170

• 24b · Other expenses: STAFF CONCESSIONS

  total $860,894 · management and general $860,894

• 24c · Other expenses: CAMPUS ACTIVITIES

  total $533,286 · program services $492,817 · management and general $40,469

• 24d · Other expenses: PROFESSIONAL DEVELOPMENT

  total $299,824 · program services $280,255 · management and general $11,968 · fundraising $7,601

• 24e · All other expenses

  total $2,131,878 · program services $1,237,532 · management and general $842,208 · fundraising $52,138

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,030,818 · end of year $715,518

• 2 · Savings and temporary cash investments

  beginning of year $21,717,144 · end of year $6,160,778

• 3 · Pledges and grants receivable

  beginning of year $43,004 · end of year $1,024,211

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $1,001,363 · end of year $1,198,649

• 8 · Inventories for sale or use

  end of year $33,323

• 9 · Prepaid expenses and deferred charges

  beginning of year $517,528 · end of year $883,925

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

  $92,578,541

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

  $38,303,631

• 10c · Land, buildings and equipment, net

  beginning of year $56,569,681 · end of year $54,274,910

• 11 · Investments: publicly traded securities

  end of year $24,417,325

• 12 · Investments: other securities

  beginning of year $6,364,195 · end of year $346,236

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $4,892,528 · end of year $3,999,886

• 17 · Accounts payable and accrued expenses

  beginning of year $1,308,296 · end of year $1,623,472

• 19 · Deferred revenue

  beginning of year $357,917 · end of year $307,355

• 20 · Tax-exempt bond liabilities

  beginning of year $26,412,101 · end of year $23,600,143

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $3,482,169 · end of year $4,753,375

• 25 · Other liabilities

  beginning of year $1,920,784 · end of year $1,452,994

• 27 · Net assets without donor restrictions

  beginning of year $48,980,259 · end of year $48,934,878

• 28 · Net assets with donor restrictions

  beginning of year $9,674,735 · end of year $12,382,544

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Tax indemnification and gross-up payments

ALL COMPENSATED EMPLOYEES ON FORM 990, PART VII, SECTION A RECEIVED TAX GROSS-UP PAYMENTS DURING THE CURRENT YEAR. THE PAYMENTS ARE INCLUDED IN THE RECIPIENTS' REPORTABLE COMPENSATION AND ON THE FORM W-2.

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

Andy Chambers, Jon Hessel and Aaron Lumpkin received a housing allowance during the current year. The allowance was included in their reportable compensation and reported on the Form W-2.