Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $4,482,506

• 1f · All other contributions, gifts and grants

  $30,288,366

• 1g · Noncash contributions included above

  $309,918

• 2a · Program service revenue: TUITION AND FEES

  total $116,600,626 · related or exempt $116,600,626

• 2b · Program service revenue: AUXILIARY SERVICES

  total $14,069,871 · related or exempt $13,947,102 · unrelated business $122,769

• 2c · Program service revenue: UNIVERSITY CAMPUSES

  total $1,968,555 · related or exempt $1,968,555

• 2d · Program service revenue: TICKET SALES

  total $1,109,730 · related or exempt $1,109,730

• 2e · Program service revenue: STUDENT SERVICE COMMISSIONS

  total $136,000 · related or exempt $136,000

• 3 · Investment income

  total $2,684,658 · excluded $2,684,658

• 7a · Gross sales of assets other than inventory

  securities $14,564,520 · other assets $238,759

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

  securities $14,321,841 · other assets $853,710

• 7c · Gain or loss

  securities $242,679 · other assets -$614,951

• 7d · Net gain or loss

  total -$372,272 · excluded -$372,272

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $32,127,987 · program services $32,127,987

• 5 · Compensation of officers, directors and key employees

  total $2,694,652 · program services $1,495,853 · management and general $782,859 · fundraising $415,940

• 7 · Other salaries and wages

  total $54,835,259 · program services $47,298,832 · management and general $6,440,714 · fundraising $1,095,713

• 8 · Pension plan contributions

  total $2,856,231 · program services $2,245,900 · management and general $558,294 · fundraising $52,037

• 9 · Other employee benefits

  total $5,938,374 · program services $5,058,488 · management and general $732,178 · fundraising $147,708

• 10 · Payroll taxes

  total $3,843,144 · program services $3,252,889 · management and general $490,462 · fundraising $99,793

• 11b · Fees: legal

  total $107,235 · management and general $107,235

• 11c · Fees: accounting

  total $73,007 · management and general $73,007

• 11d · Fees: lobbying

  total $4,881 · management and general $4,881

• 12 · Advertising and promotion

  total $322,242 · program services $131,544 · management and general $190,698

• 13 · Office expenses

  total $2,389,312 · program services $2,064,825 · management and general $305,513 · fundraising $18,974

• 16 · Occupancy

  total $8,510,808 · program services $7,776,390 · management and general $732,780 · fundraising $1,638

• 17 · Travel

  total $3,372,247 · program services $3,233,185 · management and general $126,686 · fundraising $12,376

• 20 · Interest

  total $2,894,034 · program services $2,800,020 · management and general $94,014

• 22 · Depreciation, depletion and amortization

  total $9,467,571 · program services $8,611,963 · management and general $855,608

• 23 · Insurance

  total $1,482,454 · program services $548,199 · management and general $934,255

• 24a · Other expenses: MEALS/ROOM CHARGE

  total $5,130,577 · program services $4,983,144 · management and general $133,769 · fundraising $13,664

• 24b · Other expenses: CONTRACT SERVICES

  total $4,183,163 · program services $3,755,049 · management and general $418,819 · fundraising $9,295

• 24c · Other expenses: SOFTWARE AND TECHNOLOGY

  total $3,004,027 · program services $1,871,979 · management and general $1,132,048

• 24d · Other expenses: DUPLICATING, PRINTING,

  total $1,552,584 · program services $1,427,882 · management and general $102,009 · fundraising $22,693

• 24e · All other expenses

  total $3,318,992 · program services $1,405,280 · management and general $1,795,693 · fundraising $118,019

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,450 · end of year $5,150

• 2 · Savings and temporary cash investments

  beginning of year $13,107,174 · end of year $30,223,878

• 3 · Pledges and grants receivable

  beginning of year $5,158,554 · end of year $5,854,057

• 4 · Accounts receivable

  beginning of year $2,437,192 · end of year $2,491,609

• 7 · Other notes and loans receivable

  beginning of year $2,060,167 · end of year $2,313,467

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,715,661 · end of year $2,278,635

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

  $298,703,557

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

  $118,905,912

• 10c · Land, buildings and equipment, net

  beginning of year $177,514,096 · end of year $179,797,645

• 11 · Investments: publicly traded securities

  beginning of year $63,745,331 · end of year $73,155,555

• 12 · Investments: other securities

  beginning of year $12,475,371 · end of year $10,709,178

• 13 · Investments: program-related

  beginning of year $2,761,556 · end of year $3,048,675

• 15 · Other assets

  beginning of year $16,703,421 · end of year $24,863,190

• 17 · Accounts payable and accrued expenses

  beginning of year $6,951,134 · end of year $8,059,732

• 18 · Grants payable

  beginning of year $1,991,424 · end of year $1,602,826

• 19 · Deferred revenue

  beginning of year $5,603,527 · end of year $4,768,917

• 20 · Tax-exempt bond liabilities

  beginning of year $83,898,034 · end of year $80,645,319

• 23 · Secured mortgages and notes payable

  beginning of year $3,946,269 · end of year $3,664,180

• 25 · Other liabilities

  beginning of year $6,652,349 · end of year $15,457,162

• 27 · Net assets without donor restrictions

  beginning of year $114,721,579 · end of year $137,274,215

• 28 · Net assets with donor restrictions

  beginning of year $74,917,657 · end of year $83,268,688

The filer's explanations (Part III)

PART I, LINE 1A

THE UNIVERSITY PROVIDES A HOUSING ALLOWANCE, CAR OR MILEAGE ALLWOANCE, AND SOCIAL CLUB DUES TO OFFICERS AND KEY EMPLOYEES. THE AMOUNT PROVIDED IS INCLUDED IN THEIR TAXABLE WAGES.