Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,232,352

• 1f · All other contributions, gifts and grants

  $1,949,164

• 1g · Noncash contributions included above

  $260,329

• 2a · Program service revenue: TUITION & FEES

  total $17,898,799 · related or exempt $17,898,799

• 2b · Program service revenue: INTEREST ON LOANS

  total $35,588 · related or exempt $35,588

• 3 · Investment income

  total $1,784,238 · excluded $1,784,238

• 6a · Gross rents

  real property $41,198

• 6b · Less rental expenses

  real property $130,119

• 6c · Rental income or loss

  real property -$88,921

• 6d · Net rental income or loss

  total -$88,921 · excluded -$88,921

• 7a · Gross sales of assets other than inventory

  securities $14,107,660

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

  securities $10,957,610

• 7c · Gain or loss

  securities $3,150,050

• 7d · Net gain or loss

  total $3,150,050 · excluded $3,150,050

• 10a · Gross sales of inventory

  $142,375

• 10b · Cost of goods sold

  $119,440

• 10c · Net income from sales of inventory

  total $22,935 · excluded $22,935

• 11a · Other revenue: MISCELLANEOUS

  total $380,129 · related or exempt $380,129

• 11e · Other revenue, total

  $380,129

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $9,341,633 · program services $9,341,633

• 5 · Compensation of officers, directors and key employees

  total $436,213 · program services $174,486 · management and general $152,674 · fundraising $109,053

• 7 · Other salaries and wages

  total $9,889,358 · program services $7,657,684 · management and general $1,075,713 · fundraising $1,155,961

• 9 · Other employee benefits

  total $2,481,555 · program services $1,895,672 · management and general $469,460 · fundraising $116,423

• 11a · Fees: management

  total $321,316 · management and general $321,316

• 11b · Fees: legal

  total $50,323 · management and general $50,323

• 11c · Fees: accounting

  total $161,526 · management and general $161,526

• 11g · Fees: other

  total $1,215,355 · program services $558,111 · management and general $657,244

• 12 · Advertising and promotion

  total $657,433 · program services $379,741 · management and general $37,547 · fundraising $240,145

• 13 · Office expenses

  total $1,249,145 · program services $742,730 · management and general $382,728 · fundraising $123,687

• 14 · Information technology

  total $627,464 · program services $5,283 · management and general $622,181

• 16 · Occupancy

  total $1,104,237 · program services $997,851 · management and general $106,386

• 17 · Travel

  total $911,116 · program services $789,795 · management and general $89,243 · fundraising $32,078

• 20 · Interest

  total $2,272,510 · program services $1,747,882 · management and general $524,628

• 22 · Depreciation, depletion and amortization

  total $2,157,288 · program services $1,978,092 · management and general $179,196

• 23 · Insurance

  total $696,969 · program services $669,796 · management and general $27,173

• 24a · Other expenses: OTHER EXPENSES

  total $3,691,525 · program services $2,187,375 · management and general $1,471,580 · fundraising $32,570

• 24b · Other expenses: HOUSING AND MEALS

  total $2,600,718 · program services $2,600,718 · management and general $0 · fundraising $0

• 24c · Other expenses: MAINTENANCE

  total $2,070,731 · program services $1,959,789 · management and general $110,942 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,920,588 · end of year $1,499,702

• 2 · Savings and temporary cash investments

  beginning of year $17,019,861 · end of year $26,110,131

• 3 · Pledges and grants receivable

  beginning of year $2,053,690 · end of year $2,044,719

• 4 · Accounts receivable

  beginning of year $442,911 · end of year $946,113

• 7 · Other notes and loans receivable

  beginning of year $8,248 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $137,572 · end of year $149,974

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,119,431 · end of year $873,826

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

  $81,064,599

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

  $49,733,096

• 10c · Land, buildings and equipment, net

  beginning of year $33,023,385 · end of year $31,331,503

• 11 · Investments: publicly traded securities

  beginning of year $52,331,965 · end of year $35,813,631

• 12 · Investments: other securities

  beginning of year $6,448,935 · end of year $6,822,153

• 15 · Other assets

  beginning of year $40,471 · end of year $1,819,971

• 17 · Accounts payable and accrued expenses

  beginning of year $1,740,966 · end of year $1,994,055

• 20 · Tax-exempt bond liabilities

  beginning of year $8,870,545 · end of year $8,187,961

• 21 · Escrow or custodial account liability

  beginning of year $4,280 · end of year $9,552

• 23 · Secured mortgages and notes payable

  beginning of year $29,177,424 · end of year $35,099,795

• 25 · Other liabilities

  beginning of year $2,318,106 · end of year $3,500,273

• 27 · Net assets without donor restrictions

  beginning of year $8,137,967 · end of year -$6,627,942

• 28 · Net assets with donor restrictions

  beginning of year $64,297,769 · end of year $65,248,029

The filer's explanations (Part III)

PART I, LINE 1B

THE CEO/PRESIDENT OF LYON COLLEGE HAS A WRITTEN CONTRACT WHICH IS RENEWED ON AN ANNUAL BASIS. THIS CONTRACT PROVIDES FOR THE PROVISIONS THAT ARE CHECKED IN PART I, 1A (DISCRETIONARY SPENDING ACCOUNT, PERSONAL RESIDENCE, SOCIAL CLUB DUES). THE CONTRACT REQUIRES THE CEO/PRESIDENT TO LIVE ON CAMPUS AND TO OPEN THE RESIDENCE TO STUDENTS, FACULTY, STAFF AND COMMUNITY AS NEEDED TO FURTHER THE COLLEGE'S MISSION. THE COLLEGE FOLLOWS THE PROVISIONS THAT ARE IN THE CONTRACT ALTHOUGH THERE IS NO FORMAL WRITTEN POLICY REGARDING PAYMENT OR REIMBURSEMENT.