Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $148,004

• 1e · Government grants (contributions)

  $512,114

• 1f · All other contributions, gifts and grants

  $8,588,328

• 1g · Noncash contributions included above

  $348,152

• 2a · Program service revenue: TUITION & FEES

  total $16,482,302 · related or exempt $16,482,302

• 2b · Program service revenue: HOUSING & MEALS

  total $1,465,927 · related or exempt $1,465,927

• 2c · Program service revenue: SUMMER SCHOOL PROGRAMS

  total $447,937 · related or exempt $447,937

• 3 · Investment income

  total $1,351,586 · excluded $1,351,586

• 6a · Gross rents

  real property $32,017

• 6b · Less rental expenses

  real property $16,132

• 6c · Rental income or loss

  real property $15,885

• 6d · Net rental income or loss

  total $15,885 · unrelated business $15,885

• 7a · Gross sales of assets other than inventory

  securities $3,794,491

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

  securities $3,794,491

• 10a · Gross sales of inventory

  $929,888

• 10b · Cost of goods sold

  $443,986

• 10c · Net income from sales of inventory

  total $485,902 · related or exempt $485,902

• 11a · Other revenue: MUSEUM INCOME

  total $126,007 · related or exempt $126,007

• 11e · Other revenue, total

  $126,007

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $10,511,314 · program services $10,511,314

• 5 · Compensation of officers, directors and key employees

  total $317,652 · management and general $317,652

• 7 · Other salaries and wages

  total $8,561,239 · program services $7,344,089 · management and general $757,108 · fundraising $460,042

• 8 · Pension plan contributions

  total $511,030 · program services $423,991 · management and general $57,801 · fundraising $29,238

• 9 · Other employee benefits

  total $1,214,976 · program services $1,008,040 · management and general $137,423 · fundraising $69,513

• 10 · Payroll taxes

  total $599,672 · program services $497,535 · management and general $67,827 · fundraising $34,310

• 11a · Fees: management

  total $135,052 · program services $135,052

• 11f · Fees: investment management

  total $853,500 · management and general $853,500

• 11g · Fees: other

  total $98,066 · management and general $75,129 · fundraising $22,937

• 12 · Advertising and promotion

  total $73,984 · program services $33,509 · fundraising $40,475

• 13 · Office expenses

  total $162,911 · program services $103,066 · management and general $4,594 · fundraising $55,251

• 14 · Information technology

  total $74,675 · program services $32,606 · management and general $38,584 · fundraising $3,485

• 16 · Occupancy

  total $86,400 · program services $76,796 · management and general $9,604

• 17 · Travel

  total $103,407 · program services $69,007 · management and general $30,515 · fundraising $3,885

• 19 · Conferences, conventions and meetings

  total $211,834 · program services $46,218 · management and general $3,621 · fundraising $161,995

• 20 · Interest

  total $463,996 · program services $463,996

• 22 · Depreciation, depletion and amortization

  total $1,901,733 · program services $1,616,473 · management and general $190,173 · fundraising $95,087

• 23 · Insurance

  total $452,113 · management and general $452,113

• 24a · Other expenses: BUILDING & GROUNDS

  total $1,290,488 · program services $1,096,914 · management and general $129,050 · fundraising $64,524

• 24b · Other expenses: CONSULTANTS

  total $756,428 · program services $208,229 · management and general $491,507 · fundraising $56,692

• 24c · Other expenses: SUPPLIES

  total $564,037 · program services $543,521 · management and general $16,937 · fundraising $3,579

• 24d · Other expenses: FOOD SERVICES

  total $424,035 · program services $424,035

• 24e · All other expenses

  total $2,675,579 · program services $1,951,325 · management and general $595,927 · fundraising $128,327

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $327,708 · end of year $431,836

• 2 · Savings and temporary cash investments

  beginning of year $14,631,275 · end of year $8,191,764

• 3 · Pledges and grants receivable

  beginning of year $4,043,505 · end of year $1,753,167

• 4 · Accounts receivable

  beginning of year $297,373 · end of year $259,727

• 5 · Loans and receivables from officers and key people

  beginning of year $118,503 · end of year $113,781

• 7 · Other notes and loans receivable

  beginning of year $81,929 · end of year $67,259

• 8 · Inventories for sale or use

  beginning of year $15,355 · end of year $20,724

• 9 · Prepaid expenses and deferred charges

  beginning of year $183,891 · end of year $274,572

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

  $86,285,462

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

  $30,359,227

• 10c · Land, buildings and equipment, net

  beginning of year $46,693,751 · end of year $55,926,235

• 11 · Investments: publicly traded securities

  beginning of year $75,417,497 · end of year $83,065,669

• 15 · Other assets

  beginning of year $117,703 · end of year $118,082

• 17 · Accounts payable and accrued expenses

  beginning of year $1,236,676 · end of year $1,635,296

• 19 · Deferred revenue

  beginning of year $598,554 · end of year $599,487

• 20 · Tax-exempt bond liabilities

  beginning of year $12,485,000 · end of year $12,145,000

• 23 · Secured mortgages and notes payable

  end of year $2,496,000

• 25 · Other liabilities

  beginning of year $1,286,157 · end of year $1,211,362

• 27 · Net assets without donor restrictions

  beginning of year $51,206,705 · end of year $54,769,773

• 28 · Net assets with donor restrictions

  beginning of year $75,115,398 · end of year $77,365,898

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 1B

THE PRESIDENT'S HOUSING PROVIDED WAS PART OF THE NEGOTIATED EMPLOYMENT CONTRACT. NO FURTHER SUBSTANTIATION REQUIRED.