Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $204,462

• 2a · Program service revenue: TUITION AND FEES

  total $1,584,022 · related or exempt $1,584,022

• 2f · All other program service revenue

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

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7c · Gain or loss

  securities $0 · other assets $0

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $27,780 · related or exempt $27,780

• 11d · All other revenue

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

• 11e · Other revenue, total

  $27,780

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $185,847 · program services $185,847

• 7 · Other salaries and wages

  total $986,200 · program services $821,846 · management and general $95,354 · fundraising $69,000

• 8 · Pension plan contributions

  total $11,165 · program services $9,304 · management and general $1,080 · fundraising $781

• 9 · Other employee benefits

  total $184,599 · program services $97,795 · management and general $72,664 · fundraising $14,140

• 11b · Fees: legal

  total $1,205 · program services $0 · management and general $1,205 · fundraising $0

• 11c · Fees: accounting

  total $18,000 · program services $0 · management and general $18,000 · fundraising $0

• 11g · Fees: other

  total $0 · program services $0 · management and general $0 · fundraising $0

• 12 · Advertising and promotion

  total $134,894 · program services $3,211 · management and general $131,683 · fundraising $0

• 13 · Office expenses

  total $23,007 · program services $563 · management and general $21,575 · fundraising $869

• 16 · Occupancy

  total $46,100 · program services $46,100 · management and general $0 · fundraising $0

• 17 · Travel

  total $16,012 · program services $0 · management and general $922 · fundraising $15,090

• 19 · Conferences, conventions and meetings

  total $1,275 · program services $1,275 · management and general $0 · fundraising $0

• 22 · Depreciation, depletion and amortization

  total $49,853 · program services $49,853 · management and general $0 · fundraising $0

• 23 · Insurance

  total $5,400 · program services $5,400 · management and general $0 · fundraising $0

• 24a · Other expenses: OTHER EXPENSE

  total $132,685 · program services $132,685 · management and general $0 · fundraising $0

• 24b · Other expenses: ACADEMIC COSTS & SYMPOSIUMS

  total $51,879 · program services $51,879 · management and general $0 · fundraising $0

• 24c · Other expenses: MAINTENANCE COSTS

  total $47,999 · program services $47,999 · management and general $0 · fundraising $0

• 24d · Other expenses: GROUND LEASE

  total $16,736 · program services $16,736 · management and general $0 · fundraising $0

• 24e · All other expenses

  total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,127 · end of year $0

• 2 · Savings and temporary cash investments

  beginning of year $1,013,622 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $2,337,732 · end of year $0

• 4 · Accounts receivable

  beginning of year $263,604 · end of year $0

• 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 $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $0

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

  $0

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

  $0

• 10c · Land, buildings and equipment, net

  beginning of year $1,092,411 · end of year $0

• 11 · Investments: publicly traded securities

  beginning of year $0 · end of year $0

• 12 · Investments: other securities

  beginning of year $4,223,956

• 13 · Investments: program-related

  beginning of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $355,321 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $675,248 · end of year $0

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $83,707 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 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 $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $1,348,549 · end of year $0

• 27 · Net assets without donor restrictions

  beginning of year $991,121 · end of year $0

• 28 · Net assets with donor restrictions

  beginning of year $6,191,148 · end of year $0

The filer's explanations (Part III)

Schedule J, Part II

ALL COMPENSATION LISTED ON SCHEDULE J, PART II AND FORM 990, PART VII IS PAID BY ROBERTS WESLEYAN UNIVERSITY.