Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $2,025,064

• 1f · All other contributions, gifts and grants

  $7,507,184

• 1g · Noncash contributions included above

  $3,257,187

• 2a · Program service revenue: TUITION & FEES

  total $55,231,814 · related or exempt $55,231,814

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $6,361,961 · related or exempt $6,361,961

• 2c · Program service revenue: OTHER SOURCES

  total $1,577,655 · related or exempt $1,577,655

• 2d · Program service revenue: PARKING

  total $29,153 · related or exempt $29,153

• 2e · Program service revenue: TRANSCRIPTS

  total $11,183 · related or exempt $11,183

• 3 · Investment income

  total $800,500 · unrelated business $21,721 · excluded $778,779

• 6a · Gross rents

  real property $79,302

• 6b · Less rental expenses

  real property $17,784

• 6c · Rental income or loss

  real property $61,518

• 6d · Net rental income or loss

  total $61,518 · excluded $61,518

• 7a · Gross sales of assets other than inventory

  securities $15,276,406

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

  securities $13,038,839

• 7c · Gain or loss

  securities $2,237,567

• 7d · Net gain or loss

  total $2,237,567 · excluded $2,237,567

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $23,448,417 · program services $23,448,417

• 5 · Compensation of officers, directors and key employees

  total $1,075,577 · program services $288,086 · management and general $629,959 · fundraising $157,532

• 7 · Other salaries and wages

  total $21,373,986 · program services $18,273,642 · management and general $2,884,968 · fundraising $215,376

• 9 · Other employee benefits

  total $4,056,843 · program services $3,280,418 · management and general $677,900 · fundraising $98,525

• 10 · Payroll taxes

  total $1,578,304 · program services $1,298,632 · management and general $253,573 · fundraising $26,099

• 11b · Fees: legal

  total $153,912 · management and general $153,912

• 11c · Fees: accounting

  total $125,742 · management and general $125,742

• 11f · Fees: investment management

  total $348,994 · management and general $348,994

• 11g · Fees: other

  total $2,748,801 · program services $2,146,015 · management and general $559,119 · fundraising $43,667

• 12 · Advertising and promotion

  total $353,955 · program services $52,299 · management and general $301,656

• 13 · Office expenses

  total $3,374,459 · program services $2,730,238 · management and general $605,945 · fundraising $38,276

• 16 · Occupancy

  total $1,848,976 · program services $1,495,835 · management and general $352,731 · fundraising $410

• 17 · Travel

  total $350,303 · program services $312,413 · management and general $17,645 · fundraising $20,245

• 20 · Interest

  total $367,493 · program services $283,558 · management and general $83,825 · fundraising $110

• 22 · Depreciation, depletion and amortization

  total $3,154,342 · program services $2,475,141 · management and general $669,948 · fundraising $9,253

• 23 · Insurance

  total $1,172,771 · program services $42,478 · management and general $1,129,815 · fundraising $478

• 24a · Other expenses: STUDENT DINING SERVICES

  total $2,130,082 · program services $2,130,082

• 24b · Other expenses: EQUIPMENT & MAINTENANCE

  total $1,621,084 · program services $942,918 · management and general $678,129 · fundraising $37

• 24c · Other expenses: STUDENT HOUSING EXPENSE

  total $1,357,737 · program services $1,357,737

• 24d · Other expenses: SECURITY EXPENSE

  total $1,040,490 · program services $811,371 · management and general $225,998 · fundraising $3,121

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $6,671,803 · end of year $8,300,226

• 4 · Accounts receivable

  beginning of year $1,470,843 · end of year $1,682,017

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,219,783 · end of year $2,583,758

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

  $102,627,957

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

  $58,188,552

• 10c · Land, buildings and equipment, net

  beginning of year $43,883,972 · end of year $44,439,405

• 11 · Investments: publicly traded securities

  beginning of year $23,264,472 · end of year $24,526,679

• 12 · Investments: other securities

  beginning of year $20,998,068 · end of year $22,090,663

• 15 · Other assets

  beginning of year $1,122,205 · end of year $2,684,371

• 17 · Accounts payable and accrued expenses

  beginning of year $3,987,336 · end of year $4,904,124

• 19 · Deferred revenue

  beginning of year $5,252,765 · end of year $5,073,729

• 20 · Tax-exempt bond liabilities

  beginning of year $6,996,137 · end of year $5,891,997

• 23 · Secured mortgages and notes payable

  beginning of year $759,676 · end of year $1,166,587

• 25 · Other liabilities

  beginning of year $3,211,418 · end of year $4,193,676

• 27 · Net assets without donor restrictions

  beginning of year $38,830,772 · end of year $39,257,467

• 28 · Net assets with donor restrictions

  beginning of year $40,593,042 · end of year $45,819,539

The filer's explanations (Part III)

PART I, LINE 1A

HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE: THE COLLEGE REQUIRES THE PRESIDENT TO LIVE IN A HOUSE ON THE CAMPUS AS A CONDITION OF EMPLOYMENT FOR THE CONVENIENCE OF THE COLLEGE. THE HOUSE IS FURNISHED AND MAINTAINED AT THE COLLEGE'S EXPENSE. THE TOTAL ESTIMATED ANNUAL PERSONAL USE VALUE OF THE RESIDENCE IS $50,000 AND IS INCLUDED IN THE NONTAXABLE BENEFITS REPORTED IN PART VII AND SCHEDULE J.

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUST (1)

  INVESTMENT · NY

• POOLED LIFE INCOME FUND (1)

  INVESTMENT · NY

• GIFT ANNUITY FUND (1)

  INVESTMENT · NY