Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $14,464,607

• 1f · All other contributions, gifts and grants

  $9,101,758

• 1g · Noncash contributions included above

  $3,801,343

• 2a · Program service revenue: Tuition & Fee Income

  total $48,152,969 · related or exempt $48,152,969

• 2b · Program service revenue: Auxiliary Enterprises

  total $10,199,347 · related or exempt $10,076,317 · unrelated business $123,030

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $6,906,924 · unrelated business $701,998 · excluded $6,204,926

• 6a · Gross rents

  real property $419,956

• 6b · Less rental expenses

  real property $296,338

• 6c · Rental income or loss

  real property $123,618 · personal property $0

• 6d · Net rental income or loss

  total $123,618 · excluded $123,618

• 7a · Gross sales of assets other than inventory

  securities $120,944,973 · other assets $1,177,384

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

  securities $107,489,421 · other assets $156,770

• 7c · Gain or loss

  securities $13,455,552 · other assets $1,020,614

• 7d · Net gain or loss

  total $14,476,166 · excluded $14,476,166

• 11a · Other revenue: Rebates, Alumni Events, Other Mis

  total $1,511,335 · excluded $1,511,335

• 11b · Other revenue: Student Health Insurance

  total $438,576 · excluded $438,576

• 11c · Other revenue: Vending & Parking Services Fees

  total $60,965 · excluded $60,965

• 11d · All other revenue

  total $965,664 · related or exempt $0 · unrelated business $0 · excluded $965,664

• 11e · Other revenue, total

  $2,976,540

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $94,315 · program services $94,315

• 2 · Grants to domestic individuals

  total $26,467,064 · program services $26,467,064

• 5 · Compensation of officers, directors and key employees

  total $1,248,919 · program services $685,288 · management and general $513,846 · fundraising $49,785

• 6 · Compensation of disqualified persons

  total $143,643 · fundraising $143,643

• 7 · Other salaries and wages

  total $21,267,648 · program services $17,498,052 · management and general $2,709,334 · fundraising $1,060,262

• 8 · Pension plan contributions

  total $1,390,564 · program services $801,109 · management and general $531,175 · fundraising $58,280

• 9 · Other employee benefits

  total $3,846,630 · program services $3,149,609 · management and general $406,745 · fundraising $290,276

• 10 · Payroll taxes

  total $1,626,726 · program services $1,304,666 · management and general $228,168 · fundraising $93,892

• 11b · Fees: legal

  total $64,178 · management and general $64,178

• 11c · Fees: accounting

  total $114,400 · management and general $114,400

• 11f · Fees: investment management

  total $764,504 · management and general $764,504

• 11g · Fees: other

  total $9,113,119 · program services $7,852,640 · management and general $1,001,773 · fundraising $258,706

• 12 · Advertising and promotion

  total $225,597 · program services $225,597

• 13 · Office expenses

  total $1,181,852 · program services $1,005,165 · management and general $57,413 · fundraising $119,274

• 14 · Information technology

  total $1,254,625 · program services $1,087,748 · management and general $166,877

• 16 · Occupancy

  total $1,718,271 · program services $1,567,753 · management and general $150,518

• 17 · Travel

  total $1,432,623 · program services $1,364,723 · management and general $41,416 · fundraising $26,484

• 19 · Conferences, conventions and meetings

  total $1,304,943 · program services $913,037 · management and general $199,608 · fundraising $192,298

• 20 · Interest

  total $1,406,548 · program services $1,283,336 · management and general $123,212

• 22 · Depreciation, depletion and amortization

  total $5,754,269 · program services $5,250,202 · management and general $504,067

• 23 · Insurance

  total $974,411 · management and general $974,411

• 24a · Other expenses: Maintenance

  total $6,586,372 · program services $6,264,458 · management and general $321,914

• 24b · Other expenses: Food Service

  total $3,189,424 · program services $3,189,424

• 24c · Other expenses: Books and Subscriptions

  total $736,821 · program services $736,821

• 24d · Other expenses: Equipment Purchases

  total $448,240 · program services $179,657 · management and general $63,712 · fundraising $204,871

• 24e · All other expenses

  total $1,337,744 · program services $1,294,934 · management and general $42,810 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $8,083,790 · end of year $2,535,314

• 3 · Pledges and grants receivable

  beginning of year $5,432,356 · end of year $4,382,178

• 4 · Accounts receivable

  beginning of year $1,008,222 · end of year $1,952,308

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,092,044 · end of year $1,162,595

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

  $249,266,565

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

  $124,499,434

• 10c · Land, buildings and equipment, net

  beginning of year $117,814,070 · end of year $124,767,131

• 11 · Investments: publicly traded securities

  beginning of year $157,932,182 · end of year $173,625,117

• 12 · Investments: other securities

  beginning of year $86,046,177 · end of year $79,969,458

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $5,274,478 · end of year $3,801,811

• 17 · Accounts payable and accrued expenses

  beginning of year $15,325,980 · end of year $10,499,602

• 19 · Deferred revenue

  beginning of year $2,253,099 · end of year $2,375,161

• 20 · Tax-exempt bond liabilities

  beginning of year $51,405,293 · end of year $49,440,753

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $10,735,812 · end of year $10,239,936

• 27 · Net assets without donor restrictions

  beginning of year $82,430,508 · end of year $88,170,211

• 28 · Net assets with donor restrictions

  beginning of year $220,532,627 · end of year $231,470,249

The filer's explanations (Part III)

Schedule J, Part I, Line 1a Housing allowance or residence for personal use

The College provides a residence for personal and professional use to the President and four of the other officers. The housing is excluded from taxable income under IRS code section 119 and included in column D in Sch J, Part II.