Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $149,415

• 1f · All other contributions, gifts and grants

  $1,467,519

• 1g · Noncash contributions included above

  $30,134

• 3 · Investment income

  total $714,807 · unrelated business $4,132 · excluded $710,675

• 7a · Gross sales of assets other than inventory

  securities $46,544,760

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

  securities $46,544,687

• 7c · Gain or loss

  securities $73

• 7d · Net gain or loss

  total $73 · excluded $73

• 8a · Fundraising events: gross income

  $42,137

• 8a · Fundraising events: contributions included on line 1c

  $149,415

• 8b · Fundraising events: direct expenses

  $67,021

• 8c · Net income from fundraising events

  total -$24,884 · excluded -$24,884

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $269,329 · program services $269,329

• 2 · Grants to domestic individuals

  total $5,577,770 · program services $5,577,770

• 11f · Fees: investment management

  total $104,673 · management and general $104,673

• 11g · Fees: other

  total $159,340 · program services $18,122 · management and general $45,912 · fundraising $95,306

• 17 · Travel

  total $1,346 · program services $558 · management and general $788

• 19 · Conferences, conventions and meetings

  total $10,838 · program services $10,838

• 23 · Insurance

  total $7,420 · management and general $7,420

• 24a · Other expenses: ARTWORK

  total $7,980 · program services $7,980

• 24b · Other expenses: MISCELLANEOUS

  total $1,374 · management and general $1,374

• 24c · Other expenses: PRINTING

  total $1,189 · management and general $1,189

• 24d · Other expenses: SUPPLIES

  total $408 · management and general $408

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $3,886,854 · end of year $2,608,252

• 3 · Pledges and grants receivable

  beginning of year $127,451 · end of year $274,126

• 4 · Accounts receivable

  end of year $7,990

• 11 · Investments: publicly traded securities

  beginning of year $46,140,625 · end of year $45,541,921

• 17 · Accounts payable and accrued expenses

  beginning of year $380,508 · end of year $406,499

• 27 · Net assets without donor restrictions

  beginning of year $36,999,209 · end of year $34,725,234

• 28 · Net assets with donor restrictions

  beginning of year $12,775,213 · end of year $13,300,556

The filer's explanations (Part III)

PART I, LINE 3

WILLIAM RAINEY HARPER COLLEGE PAID FOR THE SALARY OF THE ASSOCIATE EXECUTIVE DIRECTOR/MAJOR GIFTS OF WILLIAM RAINEY HARPER COLLEGE EDUCATIONAL FOUNDATION. 1/4 OF COMPENSATION IS FOR INSTITUTIONAL INITIATIVES FOR HARPER COLLEGE AND 3/4 FOR THE ROLE OF THE ASSOCIATE EXECUTIVE DIRECTOR/MAJOR GIFTS OF WILLIAM RAINEY HARPER COLLEGE EDUCATIONAL FOUNDATION. WILLIAM RAINEY HARPER COLLEGE (SUPPORTED ORGANIZATION) USES A COMPENSATION SURVEY/STUDY AND APPROVAL BY THE BOARD/COMPENSATION COMMITTEE TO DETERMINE THE SALARY FOR LAURA BROWN.