Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $3,685,097

• 1f · All other contributions, gifts and grants

  $18,464,484

• 1g · Noncash contributions included above

  $3,545,045

• 2a · Program service revenue: Tuition and Fees

  total $188,854,973 · related or exempt $188,854,973

• 2b · Program service revenue: Residential & Dining Services

  total $47,142,515 · related or exempt $47,142,515

• 2c · Program service revenue: Educational Activities

  total $2,285,114 · related or exempt $2,285,114

• 2d · Program service revenue: Summer Conference Program

  total $678,656 · related or exempt $678,656

• 2e · Program service revenue: Auxiliary Services

  total $301,260 · related or exempt $301,260

• 2f · All other program service revenue

  total $100,742 · related or exempt $100,742

• 3 · Investment income

  total $6,681,092 · unrelated business $530,846 · excluded $6,150,246

• 6a · Gross rents

  real property $56,575

• 6b · Less rental expenses

  real property $50,205

• 6c · Rental income or loss

  real property $6,370

• 6d · Net rental income or loss

  total $6,370 · excluded $6,370

• 7a · Gross sales of assets other than inventory

  securities $147,232,060 · other assets $1,438,500

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

  securities $72,887,889 · other assets $0

• 7c · Gain or loss

  securities $74,344,171 · other assets $1,438,500

• 7d · Net gain or loss

  total $75,782,671 · excluded $75,782,671

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $233,440 · program services $233,440

• 2 · Grants to domestic individuals

  total $86,349,730 · program services $86,349,730

• 3 · Grants to foreign organizations and individuals

  total $10,955,016 · program services $10,955,016

• 5 · Compensation of officers, directors and key employees

  total $5,909,237 · program services $2,735,855 · management and general $2,846,049 · fundraising $327,333

• 7 · Other salaries and wages

  total $73,693,164 · program services $67,114,126 · management and general $3,502,230 · fundraising $3,076,808

• 8 · Pension plan contributions

  total $5,969,541 · program services $5,264,277 · management and general $452,049 · fundraising $253,215

• 9 · Other employee benefits

  total $14,549,956 · program services $13,222,200 · management and general $698,266 · fundraising $629,490

• 10 · Payroll taxes

  total $5,539,619 · program services $4,885,147 · management and general $419,493 · fundraising $234,979

• 11b · Fees: legal

  total $953,676 · management and general $953,676

• 11c · Fees: accounting

  total $260,188 · program services $14,600 · management and general $245,588

• 11f · Fees: investment management

  total $2,429,616 · management and general $2,429,616

• 12 · Advertising and promotion

  total $285,752 · program services $273,994 · management and general $3,970 · fundraising $7,788

• 13 · Office expenses

  total $15,197,808 · program services $14,959,310 · management and general $137,810 · fundraising $100,688

• 14 · Information technology

  total $1,811,701 · program services $1,810,761 · management and general $940

• 16 · Occupancy

  total $9,563,904 · program services $9,474,424 · management and general $89,480

• 17 · Travel

  total $3,355,112 · program services $2,628,731 · management and general $433,009 · fundraising $293,372

• 20 · Interest

  total $9,038,131 · program services $9,038,131

• 22 · Depreciation, depletion and amortization

  total $22,184,473 · program services $22,184,473

• 23 · Insurance

  total $2,418,852 · program services $2,418,852

• 24a · Other expenses: Facilities Expense

  total $9,445,314 · program services $9,263,414 · management and general $181,900

• 24b · Other expenses: Study Away Programs

  total $3,757,221 · program services $3,757,221

• 24c · Other expenses: Instruction Expense

  total $3,718,552 · program services $3,718,552

• 24d · Other expenses: Annuity & RLIF Payments

  total $1,809,631 · program services $1,809,631

• 24e · All other expenses

  total $19,716,645 · program services $15,622,465 · management and general $3,331,256 · fundraising $762,924

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $66,790,160 · end of year $142,986,537

• 2 · Savings and temporary cash investments

  beginning of year $91,077,445 · end of year $78,989,001

• 3 · Pledges and grants receivable

  beginning of year $26,865,830 · end of year $18,252,459

• 4 · Accounts receivable

  beginning of year $1,774,293 · end of year $7,504,146

• 7 · Other notes and loans receivable

  beginning of year $12,535,100 · end of year $13,147,366

• 8 · Inventories for sale or use

  beginning of year $117,604 · end of year $138,410

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,808,647 · end of year $2,277,728

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

  $959,939,860

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

  $500,511,532

• 10c · Land, buildings and equipment, net

  beginning of year $428,871,747 · end of year $459,428,328

• 11 · Investments: publicly traded securities

  beginning of year $636,106,591 · end of year $693,127,253

• 12 · Investments: other securities

  beginning of year $547,916,483 · end of year $475,641,953

• 13 · Investments: program-related

  beginning of year $6,456,592 · end of year $5,457,436

• 17 · Accounts payable and accrued expenses

  beginning of year $48,165,610 · end of year $37,651,737

• 19 · Deferred revenue

  beginning of year $40,331 · end of year $86,550

• 20 · Tax-exempt bond liabilities

  beginning of year $79,370,000 · end of year $188,592,681

• 21 · Escrow or custodial account liability

  beginning of year $12,869,789 · end of year $16,547,651

• 24 · Unsecured notes and loans payable

  beginning of year $235,595,958 · end of year $191,618,654

• 25 · Other liabilities

  beginning of year $16,216,399 · end of year $13,185,904

• 27 · Net assets without donor restrictions

  beginning of year $275,391,975 · end of year $273,649,218

• 28 · Net assets with donor restrictions

  beginning of year $1,152,670,430 · end of year $1,175,618,222

The filer's explanations (Part III)

Part I, Line 1a

The College requires its President to live on-campus and has provided suitable housing. The President's home is used substantially for College business including meetings with staff and students, meetings with alumni and donors, and other College-related matters. The College does not treat the value of the housing provided as taxable compensation to the president.

Part I, Line 4b

The following individuals participate in a 457(f) plan that is considered a supplemental non-qualified retirement plan. For year ended June 30, 2023 the following employer contributions were made: - Carmen Twillie Ambar - $100,000 - David Kamitsuka - $49,980

Part I, Line 7

The Chief Investment Officer (CIO) receives a non-fixed payment recorded on Schedule J, Part II, Column B(ii) based on the performance of the endowment.

Related corporations and trusts

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

• Charitable Remainder Trusts (1)

  T · Charitable Trust · NY

• Charitable Remainder Trusts (7)

  T · Charitable Trust · OH