Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $520,000

• 1e · Government grants (contributions)

  $2,673,495

• 1f · All other contributions, gifts and grants

  $12,424,630

• 1g · Noncash contributions included above

  $600,580

• 2a · Program service revenue: TUITION AND FEES

  total $122,464,119 · related or exempt $122,464,119

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $15,616,166 · related or exempt $15,616,166

• 2c · Program service revenue: OTHER ACADEMIC SUPPORT

  total $4,535,000 · related or exempt $3,797,828 · unrelated business $737,172

• 2f · All other program service revenue

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

• 3 · Investment income

  total $5,982,070 · unrelated business $1,133 · excluded $5,980,937

• 6a · Gross rents

  real property $920,146

• 6b · Less rental expenses

  real property $951,952

• 6c · Rental income or loss

  real property -$31,806 · personal property $0

• 6d · Net rental income or loss

  total -$31,806 · excluded -$31,806

• 7a · Gross sales of assets other than inventory

  securities $38,178,690

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

  securities $36,848,316

• 7c · Gain or loss

  securities $1,330,374 · other assets $0

• 7d · Net gain or loss

  total $1,330,374 · excluded $1,330,374

• 11d · All other revenue

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

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0 · program services $0

• 2 · Grants to domestic individuals

  total $69,896,104 · program services $69,896,104

• 3 · Grants to foreign organizations and individuals

  total $0 · program services $0

• 4 · Benefits paid to or for members

  total $0 · program services $0

• 5 · Compensation of officers, directors and key employees

  total $987,448 · program services $846,557 · management and general $123,790 · fundraising $17,101

• 7 · Other salaries and wages

  total $45,390,055 · program services $38,913,752 · management and general $5,690,245 · fundraising $786,058

• 8 · Pension plan contributions

  total $3,433,968 · program services $2,944,005 · management and general $430,494 · fundraising $59,469

• 9 · Other employee benefits

  total $6,163,482 · program services $5,284,069 · management and general $772,675 · fundraising $106,738

• 10 · Payroll taxes

  total $3,625,749 · program services $3,108,423 · management and general $454,536 · fundraising $62,790

• 11b · Fees: legal

  total $253,203 · management and general $253,203

• 11c · Fees: accounting

  total $95,250 · management and general $95,250

• 11f · Fees: investment management

  total $260,854 · management and general $260,854

• 11g · Fees: other

  total $5,962,897 · program services $5,446,939 · management and general $301,437 · fundraising $214,521

• 12 · Advertising and promotion

  total $622,320 · program services $574,390 · management and general $36,813 · fundraising $11,117

• 13 · Office expenses

  total $6,234,465 · program services $5,754,293 · management and general $368,799 · fundraising $111,373

• 14 · Information technology

  total $2,738,428 · program services $2,527,517 · management and general $161,991 · fundraising $48,920

• 16 · Occupancy

  total $2,463,209 · program services $2,273,495 · management and general $145,711 · fundraising $44,003

• 17 · Travel

  total $3,764,650 · program services $3,474,701 · management and general $222,697 · fundraising $67,252

• 19 · Conferences, conventions and meetings

  total $1,264,484 · program services $1,167,095 · management and general $74,800 · fundraising $22,589

• 20 · Interest

  total $2,097,984 · program services $1,812,505 · management and general $248,000 · fundraising $37,479

• 22 · Depreciation, depletion and amortization

  total $5,476,763 · program services $4,680,763 · management and general $796,000

• 23 · Insurance

  total $1,656,063 · program services $1,528,515 · management and general $97,964 · fundraising $29,584

• 24a · Other expenses: EQUIPMENT PURCHASE

  total $662,600 · program services $662,600

• 24b · Other expenses: DUES & MEMBERSHIPS

  total $938,523 · program services $866,239 · management and general $55,518 · fundraising $16,766

• 24c · Other expenses: UNIFORM RENTAL

  total $247,723 · program services $247,723

• 24d · Other expenses: LICENSES, FEES & PERMITS

  total $101,725 · program services $93,890 · management and general $6,018 · fundraising $1,817

• 24e · All other expenses

  total $4,215,010 · program services $3,890,373 · management and general $249,340 · fundraising $75,297

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $19,500 · end of year $21,000

• 2 · Savings and temporary cash investments

  beginning of year $3,837,582 · end of year $1,931,985

• 3 · Pledges and grants receivable

  beginning of year $1,211,912 · end of year $1,187,171

• 4 · Accounts receivable

  beginning of year $2,226,640 · end of year $2,734,044

• 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 $2,640,683 · end of year $4,288,683

• 8 · Inventories for sale or use

  beginning of year $489,598 · end of year $565,871

• 9 · Prepaid expenses and deferred charges

  beginning of year $918,469 · end of year $774,770

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

  $214,526,422

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

  $75,312,429

• 10c · Land, buildings and equipment, net

  beginning of year $133,513,948 · end of year $139,213,993

• 11 · Investments: publicly traded securities

  beginning of year $80,601,686 · end of year $92,652,778

• 12 · Investments: other securities

  beginning of year $43,559,518 · end of year $45,725,773

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $4,386,499 · end of year $4,256,015

• 17 · Accounts payable and accrued expenses

  beginning of year $14,310,384 · end of year $17,515,735

• 20 · Tax-exempt bond liabilities

  beginning of year $49,973,430 · end of year $48,462,061

• 21 · Escrow or custodial account liability

  beginning of year $854,122 · end of year $901,715

• 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 $8,451,995 · end of year $8,323,659

• 25 · Other liabilities

  beginning of year $15,714,772 · end of year $14,741,000

• 27 · Net assets without donor restrictions

  beginning of year $65,095,000 · end of year $65,625,000

• 28 · Net assets with donor restrictions

  beginning of year $119,006,332 · end of year $137,782,913

The filer's explanations (Part III)

Schedule J, Part I, Line 4c

THE PRESIDENT PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. FOR THE CALENDAR YEAR 2023, THE PRESIDENT EARNED $30,000 REPORTED AS DEFERRED COMPENSATION ON SCHEDULE J.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• GARFIELD COMMONS LLC

  COM. REAL EST · WA · income $684,372 · assets $10,707,489

  Directly controlled by PLU

Related corporations and trusts

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

• CHARITABLE REMAINDER UNITRUSTS (20)

  Trust · CHARITABLE TR · WA

  Directly controlled by na

• LIFE INCOME TRUSTS (3)

  Trust · CHARITABLE TR · WA

  Directly controlled by na