Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $90,402

• 1e · Government grants (contributions)

  $96,132

• 1f · All other contributions, gifts and grants

  $11,318,718

• 1g · Noncash contributions included above

  $4,455,975

• 2a · Program service revenue: STUDENT TUITION

  total $47,102,455 · related or exempt $47,102,455

• 2b · Program service revenue: AUXILIARY

  total $4,352,877 · related or exempt $4,352,877

• 2c · Program service revenue: OTHER

  total $696,456 · related or exempt $696,456

• 3 · Investment income

  total $703,724 · excluded $703,724

• 6a · Gross rents

  real property $390,246

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $390,246

• 6d · Net rental income or loss

  total $390,246 · unrelated business $83,157 · excluded $307,089

• 7a · Gross sales of assets other than inventory

  securities $13,512,154

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

  securities $12,693,125

• 7c · Gain or loss

  securities $819,029

• 7d · Net gain or loss

  total $819,029 · excluded $819,029

• 8a · Fundraising events: gross income

  $39,235

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

  $90,402

• 8b · Fundraising events: direct expenses

  $58,492

• 8c · Net income from fundraising events

  total -$19,257 · excluded -$19,257

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $25,554,297 · program services $25,554,297

• 5 · Compensation of officers, directors and key employees

  total $1,011,865 · program services $678,848 · management and general $297,347 · fundraising $35,670

• 7 · Other salaries and wages

  total $13,051,436 · program services $8,756,047 · management and general $3,835,297 · fundraising $460,092

• 9 · Other employee benefits

  total $2,770,453 · program services $1,858,663 · management and general $814,126 · fundraising $97,664

• 10 · Payroll taxes

  total $1,330,694 · program services $892,746 · management and general $391,038 · fundraising $46,910

• 11g · Fees: other

  total $2,793,589 · program services $1,123,499 · management and general $1,525,989 · fundraising $144,101

• 12 · Advertising and promotion

  total $920,149 · program services $677,109 · management and general $243,040

• 14 · Information technology

  total $614,328 · program services $107,384 · management and general $506,944

• 16 · Occupancy

  total $1,471,594 · program services $3,944 · management and general $1,467,650

• 17 · Travel

  total $1,673,779 · program services $1,203,503 · management and general $412,457 · fundraising $57,819

• 20 · Interest

  total $882,745 · program services $684,661 · management and general $195,453 · fundraising $2,631

• 22 · Depreciation, depletion and amortization

  total $1,705,096 · program services $1,452,464 · management and general $239,199 · fundraising $13,433

• 23 · Insurance

  total $635,448 · program services $309,583 · management and general $325,865

• 24a · Other expenses: DINING SERVICE

  total $1,419,141 · program services $1,419,141

• 24b · Other expenses: SUPPLIES AND RENTALS

  total $1,080,899 · program services $878,703 · management and general $152,289 · fundraising $49,907

• 24c · Other expenses: UTILITIES

  total $1,054,478 · program services $556,666 · management and general $497,812

• 24d · Other expenses: MISCELLANEOUS

  total $967,179 · program services $636,177 · management and general $227,721 · fundraising $103,281

• 24e · All other expenses

  total $1,200,330 · program services $809,032 · management and general $391,298

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,590,727 · end of year $1,911,329

• 3 · Pledges and grants receivable

  beginning of year $5,015,096 · end of year $5,779,346

• 4 · Accounts receivable

  beginning of year $2,545,685 · end of year $2,832,307

• 7 · Other notes and loans receivable

  beginning of year $1,186,398 · end of year $266,286

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,089,741 · end of year $1,711,886

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

  $69,764,736

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

  $39,469,500

• 10c · Land, buildings and equipment, net

  beginning of year $30,060,809 · end of year $30,295,236

• 11 · Investments: publicly traded securities

  beginning of year $32,471,985 · end of year $31,907,622

• 12 · Investments: other securities

  end of year $11,028,447

• 15 · Other assets

  beginning of year $0 · end of year $5,556,804

• 17 · Accounts payable and accrued expenses

  beginning of year $2,538,518 · end of year $3,138,632

• 19 · Deferred revenue

  beginning of year $944,773 · end of year $917,961

• 23 · Secured mortgages and notes payable

  beginning of year $15,742,302 · end of year $20,109,453

• 25 · Other liabilities

  beginning of year $397,807 · end of year $6,178,348

• 27 · Net assets without donor restrictions

  beginning of year $21,792,503 · end of year $27,595,150

• 28 · Net assets with donor restrictions

  beginning of year $35,544,538 · end of year $33,349,719

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT RECEIVES A HOUSING ALLOWANCE THAT IS INCLUDED ON THE PRESIDENT'S W-2 FORM AND REPORTED AS OTHER REPORTABLE COMPENSATION ON SCHEDULE J PART II.

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 $731,633 · share of assets $17,159,618 · controlled entity

  Directly controlled by THOMAS MORE UNIVERSITY INC