Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $105,770

• 1e · Government grants (contributions)

  $798,151

• 1f · All other contributions, gifts and grants

  $520,490

• 1g · Noncash contributions included above

  $1,189

• 2a · Program service revenue: STUDENT TUITION & FEES

  total $27,955,315 · related or exempt $27,955,315

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $5,811,064 · related or exempt $5,811,064

• 3 · Investment income

  total $2,511,328 · excluded $2,511,328

• 6a · Gross rents

  real property $45,078

• 6b · Less rental expenses

  real property $31,680

• 6c · Rental income or loss

  real property $13,398

• 6d · Net rental income or loss

  total $13,398 · excluded $13,398

• 7a · Gross sales of assets other than inventory

  securities $18,671,569 · other assets $50,476

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

  securities $16,275,203 · other assets $8,385

• 7c · Gain or loss

  securities $2,396,366 · other assets $42,091

• 7d · Net gain or loss

  total $2,438,457 · excluded $2,438,457

• 8a · Fundraising events: gross income

  $13,275

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

  $105,770

• 8b · Fundraising events: direct expenses

  $33,750

• 8c · Net income from fundraising events

  total -$20,475 · excluded -$20,475

• 11a · Other revenue: OUTSIDE EVENTS

  total $18,300 · excluded $18,300

• 11b · Other revenue: VENDING

  total $10,560 · excluded $10,560

• 11c · Other revenue: SUMMER CAMPS

  total $8,757 · excluded $8,757

• 11d · All other revenue

  total $65,978 · unrelated business $4,031 · excluded $61,947

• 11e · Other revenue, total

  $103,595

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $11,355,845 · program services $11,355,845

• 5 · Compensation of officers, directors and key employees

  total $665,116 · management and general $665,116

• 7 · Other salaries and wages

  total $12,010,040 · program services $9,207,833 · management and general $2,528,534 · fundraising $273,673

• 8 · Pension plan contributions

  total $428,613 · program services $329,671 · management and general $85,291 · fundraising $13,651

• 9 · Other employee benefits

  total $2,351,749 · program services $1,765,547 · management and general $544,294 · fundraising $41,908

• 10 · Payroll taxes

  total $913,673 · program services $667,131 · management and general $225,656 · fundraising $20,886

• 11b · Fees: legal

  total -$54,925 · management and general -$54,925

• 11c · Fees: accounting

  total $63,075 · management and general $63,075

• 11d · Fees: lobbying

  total $46,243 · management and general $46,243

• 11f · Fees: investment management

  total $524,887 · management and general $524,887

• 11g · Fees: other

  total $540,939 · program services $369,856 · management and general $125,103 · fundraising $45,980

• 12 · Advertising and promotion

  total $350,545 · program services $255,391 · management and general $86,386 · fundraising $8,768

• 13 · Office expenses

  total $897,781 · program services $655,008 · management and general $221,555 · fundraising $21,218

• 14 · Information technology

  total $1,115,297 · program services $833,401 · management and general $281,896

• 16 · Occupancy

  total $980,666 · program services $744,392 · management and general $236,274

• 17 · Travel

  total $379,487 · program services $277,359 · management and general $93,816 · fundraising $8,312

• 20 · Interest

  total $467,007 · program services $351,223 · management and general $115,784

• 22 · Depreciation, depletion and amortization

  total $3,538,950 · program services $2,654,290 · management and general $884,660

• 23 · Insurance

  total $554,108 · program services $413,901 · management and general $140,001 · fundraising $206

• 24a · Other expenses: FOOD SERVICE

  total $1,573,657 · program services $1,381,970 · management and general $176,631 · fundraising $15,056

• 24b · Other expenses: GRANT EXPENSES

  total $505,608 · program services $505,608

• 24c · Other expenses: TEXTBOOKS

  total $387,230 · program services $387,230

• 24d · Other expenses: RECRUITING

  total $333,744 · program services $249,389 · management and general $84,355

• 24e · All other expenses

  total $1,041,790 · program services $733,560 · management and general $253,985 · fundraising $54,245

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,494 · end of year $3,394

• 2 · Savings and temporary cash investments

  beginning of year $10,002,700 · end of year $6,892,918

• 3 · Pledges and grants receivable

  beginning of year $96,768 · end of year $58,906

• 4 · Accounts receivable

  beginning of year $641,809 · end of year $662,479

• 8 · Inventories for sale or use

  beginning of year $131,759 · end of year $175,193

• 9 · Prepaid expenses and deferred charges

  beginning of year $915,330 · end of year $692,042

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

  $147,088,716

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

  $68,584,996

• 10c · Land, buildings and equipment, net

  beginning of year $77,184,854 · end of year $78,503,720

• 11 · Investments: publicly traded securities

  beginning of year $74,480,962 · end of year $77,927,781

• 12 · Investments: other securities

  beginning of year $9,586,353 · end of year $9,989,227

• 13 · Investments: program-related

  beginning of year $1,112,419 · end of year $1,141,772

• 15 · Other assets

  beginning of year $350,031 · end of year $351,220

• 17 · Accounts payable and accrued expenses

  beginning of year $4,163,447 · end of year $3,077,700

• 19 · Deferred revenue

  beginning of year $602,379 · end of year $564,671

• 20 · Tax-exempt bond liabilities

  beginning of year $19,877,506 · end of year $19,835,497

• 25 · Other liabilities

  beginning of year $1,327,842 · end of year $1,816,893

• 27 · Net assets without donor restrictions

  beginning of year $139,541,704 · end of year $141,546,053

• 28 · Net assets with donor restrictions

  beginning of year $8,993,601 · end of year $9,557,838

The filer's explanations (Part III)

PART I, LINE 1A

THE PRESIDENT OF THE COLLEGE RECEIVES HOUSING ALLOWANCE PAYMENTS WHICH ARE INCLUDED IN TAXABLE INCOME.