Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $26,225

• 1e · Government grants (contributions)

  $86,669

• 1f · All other contributions, gifts and grants

  $19,867,001

• 1g · Noncash contributions included above

  $17,397,965

• 2a · Program service revenue: STUDENT TUITION

  total $51,446,971 · related or exempt $51,446,971

• 2b · Program service revenue: HOUSING

  total $4,154,904 · related or exempt $4,154,904

• 2c · Program service revenue: OTHER REVENUE

  total $1,021,414 · related or exempt $1,021,414

• 2d · Program service revenue: AUXILARY SERVICES

  total $254,460 · related or exempt $254,460

• 3 · Investment income

  total $666,112 · unrelated business $168,830 · excluded $497,282

• 6a · Gross rents

  real property $432,003

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $432,003

• 6d · Net rental income or loss

  total $432,003 · unrelated business $207,545 · excluded $224,458

• 7a · Gross sales of assets other than inventory

  securities $31,223,909

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

  securities $26,005,108

• 7c · Gain or loss

  securities $5,218,801

• 7d · Net gain or loss

  total $5,218,801 · excluded $5,218,801

• 8a · Fundraising events: gross income

  $25,918

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

  $26,225

• 8b · Fundraising events: direct expenses

  $30,722

• 8c · Net income from fundraising events

  total -$4,804 · excluded -$4,804

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $28,733,938 · program services $28,733,938

• 5 · Compensation of officers, directors and key employees

  total $564,783 · program services $383,884 · management and general $153,954 · fundraising $26,945

• 7 · Other salaries and wages

  total $14,094,252 · program services $9,579,884 · management and general $3,841,955 · fundraising $672,413

• 9 · Other employee benefits

  total $2,831,942 · program services $1,924,875 · management and general $771,960 · fundraising $135,107

• 10 · Payroll taxes

  total $1,431,995 · program services $973,329 · management and general $390,348 · fundraising $68,318

• 11g · Fees: other

  total $2,557,831 · program services $494,738 · management and general $1,887,319 · fundraising $175,774

• 12 · Advertising and promotion

  total $850,539 · program services $478,892 · management and general $357,734 · fundraising $13,913

• 14 · Information technology

  total $671,777 · program services $99,910 · management and general $571,867

• 16 · Occupancy

  total $1,840,159 · program services $44,025 · management and general $1,796,134

• 17 · Travel

  total $1,553,575 · program services $1,101,913 · management and general $451,662

• 20 · Interest

  total $1,984,546 · program services $1,533,984 · management and general $441,921 · fundraising $8,641

• 22 · Depreciation, depletion and amortization

  total $2,713,012 · program services $2,306,511 · management and general $385,004 · fundraising $21,497

• 23 · Insurance

  total $764,467 · program services $354,194 · management and general $410,273

• 24a · Other expenses: INCOME TAX EXPENSE

  total $78,200 · management and general $78,200

• 24b · Other expenses: DINING SERVICE

  total $2,355,979 · program services $2,355,979

• 24c · Other expenses: UTILITIES

  total $1,199,374 · program services $698,855 · management and general $500,519

• 24d · Other expenses: SUPPLIES AND RENTALS

  total $1,123,794 · program services $858,715 · management and general $180,234 · fundraising $84,845

• 24e · All other expenses

  total $2,432,368 · program services $1,134,494 · management and general $1,179,837 · fundraising $118,037

Balance sheet

Part X, book values.

• 3 · Pledges and grants receivable

  beginning of year $5,263,550 · end of year $3,599,681

• 4 · Accounts receivable

  beginning of year $3,597,095 · end of year $2,725,649

• 5 · Loans and receivables from officers and key people

  beginning of year $100,000 · end of year $200,000

• 7 · Other notes and loans receivable

  beginning of year $103,205 · end of year $100,982

• 9 · Prepaid expenses and deferred charges

  beginning of year $843,302 · end of year $811,673

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

  $99,277,339

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

  $43,365,628

• 10c · Land, buildings and equipment, net

  beginning of year $47,025,699 · end of year $55,911,711

• 11 · Investments: publicly traded securities

  beginning of year $35,824,802 · end of year $41,552,352

• 12 · Investments: other securities

  beginning of year $10,693,111 · end of year $10,529,941

• 15 · Other assets

  beginning of year $5,535,141 · end of year $11,411,910

• 17 · Accounts payable and accrued expenses

  beginning of year $5,628,227 · end of year $3,840,938

• 19 · Deferred revenue

  beginning of year $1,942,883 · end of year $3,120,878

• 23 · Secured mortgages and notes payable

  beginning of year $37,785,909 · end of year $39,452,588

• 25 · Other liabilities

  beginning of year $6,644,086 · end of year $10,961,680

• 27 · Net assets without donor restrictions

  beginning of year $15,402,549 · end of year $18,879,858

• 28 · Net assets with donor restrictions

  beginning of year $41,582,251 · end of year $50,587,957

The filer's explanations (Part III)

PART I, LINE 4B

DR CHILLO WAS A PARTICIPANT IN A SECTION 457(F) PLAN. DURING THE YEAR HE WAS CREDITED WITH A $50,000 CONTRIBUTION TO THE 457F PLAN.

Related corporations and trusts

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

• NORTHERN KENTUCKY RACQUET CLUBS INC

  C · SPORTS CLUB · KY · 100% owned · share of income $573,424 · share of assets $16,802,307 · controlled entity

  Directly controlled by THOMAS MORE UNIVERSITY INC