Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,070,654

• 1f · All other contributions, gifts and grants

  $3,479,646

• 1g · Noncash contributions included above

  $12,340

• 2a · Program service revenue: TUITION AND FEES

  total $55,542,568 · related or exempt $55,542,568

• 2b · Program service revenue: ROOM AND BOARD

  total $8,933,921 · related or exempt $8,933,921

• 2c · Program service revenue: BOOK STORE AND ANCILLARY SERVICES

  total $2,278,299 · related or exempt $1,699,216 · unrelated business $579,083

• 3 · Investment income

  total $1,419,338 · excluded $1,419,338

• 7a · Gross sales of assets other than inventory

  securities $6,739,364 · other assets $300

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

  securities $5,546,990 · other assets $0

• 7c · Gain or loss

  securities $1,192,374 · other assets $300

• 7d · Net gain or loss

  total $1,192,674 · excluded $1,192,674

• 11a · Other revenue: OTHER REVENUE

  total $934,139 · related or exempt $934,139

• 11b · Other revenue: RECOVERY OF BAD DEBT

  total $80,179 · related or exempt $80,179

• 11e · Other revenue, total

  $1,014,318

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $27,456,670 · program services $27,456,670

• 5 · Compensation of officers, directors and key employees

  total $1,400,269 · program services $593,231 · management and general $665,116 · fundraising $141,922

• 7 · Other salaries and wages

  total $14,460,246 · program services $13,235,024 · management and general $1,123,521 · fundraising $101,701

• 8 · Pension plan contributions

  total $600,697 · program services $576,387 · management and general $20,810 · fundraising $3,500

• 9 · Other employee benefits

  total $3,404,659 · program services $3,095,656 · management and general $274,464 · fundraising $34,539

• 10 · Payroll taxes

  total $1,478,111 · program services $1,355,272 · management and general $105,014 · fundraising $17,825

• 11b · Fees: legal

  total $4,902 · management and general $4,902

• 11c · Fees: accounting

  total $88,150 · management and general $88,150

• 11f · Fees: investment management

  total $150,562 · management and general $150,562

• 12 · Advertising and promotion

  total $260,867 · program services $205,919 · management and general $5,745 · fundraising $49,203

• 13 · Office expenses

  total $495,606 · program services $462,526 · management and general $30,521 · fundraising $2,559

• 14 · Information technology

  total $572,598 · program services $201,052 · management and general $371,497 · fundraising $49

• 16 · Occupancy

  total $2,984,457 · program services $2,840,971 · management and general $143,486

• 17 · Travel

  total $1,580,164 · program services $1,509,771 · management and general $61,179 · fundraising $9,214

• 19 · Conferences, conventions and meetings

  total $9,434 · program services $9,309 · management and general $125

• 20 · Interest

  total $859,810 · program services $617,471 · management and general $242,339

• 22 · Depreciation, depletion and amortization

  total $1,941,930 · program services $1,885,437 · management and general $51,769 · fundraising $4,724

• 23 · Insurance

  total $727,263 · program services $672,405 · management and general $50,933 · fundraising $3,925

• 24a · Other expenses: ALL OTHER EXPENSES

  total $5,900,277 · program services $3,700,096 · management and general $2,118,915 · fundraising $81,266

• 24b · Other expenses: FOOD SERVICE

  total $1,162,543 · program services $1,162,543

• 24c · Other expenses: SUPPLIES

  total $961,133 · program services $961,133

• 24d · Other expenses: BAD DEBT

  total $467,353 · management and general $467,353

• 24e · All other expenses

  total $112,302 · program services $89,684 · management and general $22,618

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $12,196,850 · end of year $15,623,285

• 3 · Pledges and grants receivable

  beginning of year $997,162 · end of year $3,598,432

• 4 · Accounts receivable

  beginning of year $2,305,026 · end of year $3,743,125

• 5 · Loans and receivables from officers and key people

  beginning of year $719,570 · end of year $782,683

• 8 · Inventories for sale or use

  beginning of year $275,270 · end of year $271,732

• 9 · Prepaid expenses and deferred charges

  beginning of year $179,703 · end of year $179,402

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

  $99,222,890

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

  $50,168,930

• 10c · Land, buildings and equipment, net

  beginning of year $49,730,441 · end of year $49,053,960

• 11 · Investments: publicly traded securities

  beginning of year $32,183,956 · end of year $38,241,676

• 12 · Investments: other securities

  beginning of year $2,019,304 · end of year $2,451,098

• 15 · Other assets

  beginning of year $1,374,670 · end of year $1,610,603

• 17 · Accounts payable and accrued expenses

  beginning of year $2,327,558 · end of year $3,877,262

• 19 · Deferred revenue

  beginning of year $2,901,701 · end of year $4,320,555

• 20 · Tax-exempt bond liabilities

  beginning of year $17,860,000 · end of year $16,675,000

• 22 · Loans and payables to officers and key people

  beginning of year $175,694

• 23 · Secured mortgages and notes payable

  end of year $155,118

• 25 · Other liabilities

  beginning of year $2,882,084 · end of year $3,416,499

• 27 · Net assets without donor restrictions

  beginning of year $46,134,429 · end of year $52,811,692

• 28 · Net assets with donor restrictions

  beginning of year $29,700,486 · end of year $34,299,870

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT IS REQUIRED TO LIVE ON CAMPUS AND THEREFORE RESIDES IN A HOME PROVIDED FOR HIM. THE HOUSE IS MAINTAINED BY COLLEGE STAFF.