Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $42,937

• 1f · All other contributions, gifts and grants

  $36,432,452

• 1g · Noncash contributions included above

  $7,957,210

• 2a · Program service revenue: TUITION AND FEES

  total $597,940,100 · related or exempt $597,940,100

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $79,538,063 · related or exempt $74,389,447 · unrelated business $5,148,616

• 2c · Program service revenue: RESEARCH GRANTS

  total $53,433,939 · related or exempt $53,433,939

• 2d · Program service revenue: EDUCATIONAL ACTIVITIES

  total $18,213,521 · related or exempt $18,213,521

• 2e · Program service revenue: STUDENT LOANS

  total -$54,704 · related or exempt -$54,704

• 3 · Investment income

  total $11,063,014 · unrelated business -$609,118 · excluded $11,672,132

• 4 · Income from investment of tax-exempt bond proceeds

  total $1,400 · excluded $1,400

• 5 · Royalties

  total $254,241 · excluded $254,241

• 6a · Gross rents

  real property $2,758,320

• 6b · Less rental expenses

  real property $760,681

• 6c · Rental income or loss

  real property $1,997,639

• 6d · Net rental income or loss

  total $1,997,639 · excluded $1,997,639

• 7a · Gross sales of assets other than inventory

  securities $538,281,467 · other assets $4,903,182

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

  securities $531,557,906 · other assets $6,459,813

• 7c · Gain or loss

  securities $6,723,561 · other assets -$1,556,631

• 7d · Net gain or loss

  total $5,166,930 · unrelated business $342,399 · excluded $4,824,531

• 8a · Fundraising events: gross income

  $2,700

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

  $42,937

• 8b · Fundraising events: direct expenses

  $151,925

• 8c · Net income from fundraising events

  total -$149,225 · excluded -$149,225

• 11a · Other revenue: MISC SERVICE REVENUE

  total $3,392,916 · related or exempt $3,392,916

• 11e · Other revenue, total

  $3,392,916

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $222,632,522 · program services $222,632,522

• 3 · Grants to foreign organizations and individuals

  total $14,834,489 · program services $14,834,489

• 5 · Compensation of officers, directors and key employees

  total $8,474,440 · program services $2,393,762 · management and general $5,633,020 · fundraising $447,658

• 6 · Compensation of disqualified persons

  total $58,479 · program services $58,479

• 7 · Other salaries and wages

  total $276,147,658 · program services $241,075,566 · management and general $23,951,103 · fundraising $11,120,989

• 8 · Pension plan contributions

  total $14,512,303 · program services $12,705,621 · management and general $1,221,349 · fundraising $585,333

• 9 · Other employee benefits

  total $31,972,433 · program services $27,706,218 · management and general $2,974,553 · fundraising $1,291,662

• 10 · Payroll taxes

  total $18,678,550 · program services $16,014,904 · management and general $1,905,278 · fundraising $758,368

• 11b · Fees: legal

  total $1,977,046 · program services $529,060 · management and general $1,447,986

• 11c · Fees: accounting

  total $284,374 · management and general $284,374

• 11f · Fees: investment management

  total $3,684,313 · management and general $3,684,313

• 11g · Fees: other

  total $80,305,445 · program services $76,678,279 · management and general $2,738,877 · fundraising $888,289

• 12 · Advertising and promotion

  total $5,411,075 · program services $4,900,468 · management and general $440,777 · fundraising $69,830

• 13 · Office expenses

  total $38,046,216 · program services $33,113,220 · management and general $4,158,774 · fundraising $774,222

• 14 · Information technology

  total $11,056,096 · program services $3,725,977 · management and general $7,147,302 · fundraising $182,817

• 16 · Occupancy

  total $22,843,183 · program services $20,965,259 · management and general $1,877,924

• 17 · Travel

  total $14,093,946 · program services $13,085,072 · management and general $634,759 · fundraising $374,115

• 19 · Conferences, conventions and meetings

  total $7,236,384 · program services $5,072,433 · management and general $1,098,155 · fundraising $1,065,796

• 20 · Interest

  total $8,158,871 · program services $8,131,488 · management and general $27,383

• 22 · Depreciation, depletion and amortization

  total $19,064,846 · program services $17,396,561 · management and general $1,668,285

• 23 · Insurance

  total $4,622,171 · program services $1,759,949 · management and general $2,862,222

• 24a · Other expenses: BOOKS AND SUBSCRIPTIONS

  total $7,993,876 · program services $7,993,876

• 24b · Other expenses: FINANCIAL FEES

  total $3,964,117 · program services $1,616,913 · management and general $2,279,084 · fundraising $68,120

• 24c · Other expenses: EVENT EXPENSES

  total $18,588 · program services $18,588

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $177,304,388 · end of year $153,243,190

• 2 · Savings and temporary cash investments

  beginning of year $15,942,626 · end of year $19,042,087

• 3 · Pledges and grants receivable

  beginning of year $77,899,212 · end of year $51,318,284

• 4 · Accounts receivable

  beginning of year $38,349,461 · end of year $46,735,994

• 7 · Other notes and loans receivable

  end of year $9,352,975

• 8 · Inventories for sale or use

  beginning of year $178,492 · end of year $215,302

• 9 · Prepaid expenses and deferred charges

  beginning of year $11,571,485 · end of year $14,418,514

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

  $1,054,422,034

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

  $278,406,992

• 10c · Land, buildings and equipment, net

  beginning of year $773,702,181 · end of year $776,015,042

• 11 · Investments: publicly traded securities

  beginning of year $791,555,279 · end of year $800,166,674

• 12 · Investments: other securities

  beginning of year $274,402,620 · end of year $286,119,937

• 13 · Investments: program-related

  beginning of year $5,036,419 · end of year $3,556,960

• 15 · Other assets

  beginning of year $13,540,336 · end of year $13,170,578

• 17 · Accounts payable and accrued expenses

  beginning of year $91,080,448 · end of year $78,294,515

• 19 · Deferred revenue

  beginning of year $30,121,362 · end of year $32,829,992

• 20 · Tax-exempt bond liabilities

  beginning of year $199,742,236 · end of year $194,769,225

• 21 · Escrow or custodial account liability

  beginning of year $1,505,700 · end of year $1,571,191

• 23 · Secured mortgages and notes payable

  beginning of year $21,310,000 · end of year $19,510,000

• 25 · Other liabilities

  beginning of year $21,533,899 · end of year $14,890,616

• 27 · Net assets without donor restrictions

  beginning of year $952,709,678 · end of year $963,380,968

• 28 · Net assets with donor restrictions

  beginning of year $861,479,176 · end of year $868,109,030

The filer's explanations (Part III)

PART I, LINE 1A

THE UNIVERSITY PROVIDES CHANCELLOR JEREMY HAEFNER WITH A TAXABLE HOUSING ALLOWANCE. THE UNIVERSITY PROVIDES HOUSING FOR TODD ADAMS FOR THE CONVENIENCE OF THE UNIVERSITY. THE HOUSING FOR TODD ADAMS IS NOT INCLUDED IN TAXABLE COMPENSATION. CHANCELLOR JEREMY HAEFNER RECEIVED COMPANION TRAVEL DURING THE YEAR. IN LIMITED INSTANCES WITH DOCUMENTATION FOR THE BUSINESS PURPOSE FULFILLED BY THE COMPANION AND ANY REQUIRED APPROVALS, THE UNIVERSITY WILL PAY FOR TRAVEL EXPENSES OF A COMPANION WHEN THE COMPANION TRAVEL IS FOR A BONA FIDE BUSINESS PURPOSE AND IMPORTANT TO THE ACHIEVEMENT OF THE UNIVERSITY'S PURPOSES THAT REQUIRE THE TRAVEL OF THE EMPLOYEE AND COMPANION.

PART I, LINE 4B

KARLTON CREECH - PARTICIPATION IN 457(F) PLAN - $12,833. $12,833 WAS FORFEITED DURING THE TAX YEAR SINCE HIS EMPLOYMENT ENDED PRIOR TO THE VESTING DATE.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• HRGC AT DU LLC

  GOLF COURSE OPERATIONS · CO · income $4,064,971 · assets $4,546,794

  Directly controlled by UNIVERSITY OF DENVER

• KNOBEL EVENTS LLC

  EDUCATIONAL EVENTS/RESTAURANT · CO · income $342,522 · assets $0

  Directly controlled by UNIVERSITY OF DENVER

• FRANK AND JOY LLC

  REAL ESTATE INVESTMENTS · CO · income $0 · assets $1,650,000

  Directly controlled by UNIVERSITY OF DENVER

Related corporations and trusts

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

• CHARITABLE REMAINDER TRUSTS (11)

  T · INVESTMENTS · CO · controlled entity

  Directly controlled by UNIVERSITY OF DENVER