Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $12,113

• 1e · Government grants (contributions)

  $1,969,907

• 1f · All other contributions, gifts and grants

  $7,803,866

• 1g · Noncash contributions included above

  $1,004,899

• 2a · Program service revenue: Tuition and Fees

  total $42,725,916 · related or exempt $42,725,916

• 2b · Program service revenue: Auxiliary Services

  total $5,747,140 · related or exempt $5,747,140

• 2c · Program service revenue: Ben Lippen Winterim Program

  total $544,721 · related or exempt $544,721

• 2f · All other program service revenue

  total $243,424 · related or exempt $243,424 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $961,620 · excluded $961,620

• 6a · Gross rents

  real property $7,800

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $7,800 · personal property $0

• 6d · Net rental income or loss

  total $7,800 · excluded $7,800

• 7a · Gross sales of assets other than inventory

  securities $7,354,170 · other assets $0

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

  securities $7,211,459 · other assets $48,852

• 7c · Gain or loss

  securities $142,711 · other assets -$48,852

• 7d · Net gain or loss

  total $93,859 · excluded $93,859

• 8a · Fundraising events: gross income

  $37,747

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

  $12,113

• 8b · Fundraising events: direct expenses

  $22,187

• 8c · Net income from fundraising events

  total $15,560 · excluded $15,560

• 11d · All other revenue

  total $385,105 · related or exempt $0 · unrelated business $0 · excluded $385,105

• 11e · Other revenue, total

  $385,105

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $159,000 · program services $159,000

• 2 · Grants to domestic individuals

  total $10,153,414 · program services $10,153,414

• 5 · Compensation of officers, directors and key employees

  total $921,967 · management and general $921,967

• 6 · Compensation of disqualified persons

  total $331,177 · management and general $331,177

• 7 · Other salaries and wages

  total $22,834,706 · program services $17,634,292 · management and general $4,126,521 · fundraising $1,073,893

• 8 · Pension plan contributions

  total $1,037,775 · program services $766,896 · management and general $230,773 · fundraising $40,106

• 9 · Other employee benefits

  total $5,356,772 · program services $2,676,728 · management and general $2,530,798 · fundraising $149,246

• 10 · Payroll taxes

  total $1,688,167 · program services $1,221,033 · management and general $397,302 · fundraising $69,832

• 11b · Fees: legal

  total $319,937 · management and general $319,937

• 11c · Fees: accounting

  total $123,723 · management and general $123,723

• 11e · Fees: professional fundraising services

  total $78,000 · fundraising $78,000

• 11f · Fees: investment management

  total $171,945 · management and general $171,945

• 11g · Fees: other

  total $4,150,755 · program services $2,958,986 · management and general $995,544 · fundraising $196,225

• 12 · Advertising and promotion

  total $2,496,364 · program services $2,089,783 · management and general $288,146 · fundraising $118,435

• 13 · Office expenses

  total $2,615,841 · program services $1,444,100 · management and general $1,093,950 · fundraising $77,791

• 14 · Information technology

  total $796,663 · program services $282,669 · management and general $498,113 · fundraising $15,881

• 16 · Occupancy

  total $1,548,091 · program services $297,898 · management and general $1,250,193

• 17 · Travel

  total $2,475,286 · program services $2,094,452 · management and general $240,028 · fundraising $140,806

• 19 · Conferences, conventions and meetings

  total $593,345 · program services $547,453 · management and general $45,587 · fundraising $305

• 20 · Interest

  total $1,019,554 · management and general $1,019,554

• 22 · Depreciation, depletion and amortization

  total $4,827,782 · program services $4,425,963 · management and general $333,857 · fundraising $67,962

• 23 · Insurance

  total $568,322 · management and general $568,322

• 24a · Other expenses: Repairs and Maintenance

  total $1,181,215 · program services $832,733 · management and general $347,599 · fundraising $883

• 24e · All other expenses

  total $1,420,041 · program services $480,524 · management and general $793,285 · fundraising $146,232

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $250,354 · end of year $1,565,213

• 2 · Savings and temporary cash investments

  beginning of year $58,846 · end of year $305,710

• 3 · Pledges and grants receivable

  beginning of year $13,747,224 · end of year $6,748,114

• 4 · Accounts receivable

  beginning of year $753,530 · end of year $690,148

• 5 · Loans and receivables from officers and key people

  end of year $0

• 6 · Loans and receivables from disqualified persons

  end of year $0

• 8 · Inventories for sale or use

  beginning of year $15,653 · end of year $29,328

• 9 · Prepaid expenses and deferred charges

  beginning of year $887,794 · end of year $324,624

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

  $104,091,112

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

  $45,470,568

• 10c · Land, buildings and equipment, net

  beginning of year $59,976,964 · end of year $58,620,544

• 11 · Investments: publicly traded securities

  beginning of year $29,539,513 · end of year $31,581,453

• 12 · Investments: other securities

  beginning of year $2,928,869 · end of year $2,129,627

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $3,788,860 · end of year $2,018,234

• 17 · Accounts payable and accrued expenses

  beginning of year $3,884,065 · end of year $2,415,943

• 19 · Deferred revenue

  beginning of year $2,631,083 · end of year $3,773,870

• 20 · Tax-exempt bond liabilities

  beginning of year $8,829,750 · end of year $8,357,253

• 22 · Loans and payables to officers and key people

  beginning of year $538,957 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $12,953,243 · end of year $12,594,035

• 24 · Unsecured notes and loans payable

  beginning of year $5,414,200 · end of year $3,883,000

• 25 · Other liabilities

  beginning of year $2,712,183 · end of year $1,420,254

• 27 · Net assets without donor restrictions

  beginning of year $36,855,453 · end of year $34,194,967

• 28 · Net assets with donor restrictions

  beginning of year $38,128,673 · end of year $37,373,673

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel

The President and Vice President are reimbursed under an accountable plan for bona fide business purpose travel expenses during board meetings. This includes room/board, mileage/fuel/mode of travel. Reimbursements are non-taxable.

Schedule J, Part I, Line 1a Travel for companions

During 2022 The President had approved companion travel, for bona fide business purposes, covered under this policy which was treated as non-taxable.

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

Pursuant to Internal Revenue Code Section 107, ministerial housing allowances are provided for the President, Chief Financial Officer, and Chancellor as qualifying ministerial employees. This is not included in taxable compensation. All officers met the qualifications for and received a ministerial housing allowance during the tax year.

Schedule J, Part I, Line 1a Health or social club dues or initiation fees

CIU provides a membership to a social club for the President and Chancellor where University meetings and business is conducted. This is not treated as taxable compensation as officers attend only for business purposes.

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

President, Mark Smith participated in a supplemental nonqualified retirement plan for which the University contributed $26,548 during the 2022 calendar year.

Schedule J, Part I, Line 7 Non-fixed payments

The Headmaster and certain other employees were paid discretionary bonus amounts which were independently determined and approved by the President or the Board Finance Committee. The President was paid a discretionary bonus which was independently determined and approved by the Board Finance Committee.

Disregarded entities

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

• Monticello Road 1 LLC

  Hold Real Property · SC · income $0 · assets $431,131

  Directly controlled by Columbia International University

• Monticello Road 2 LLC

  Hold Real Property · SC · income $0 · assets $201,317

  Directly controlled by Columbia International University

• Monticello Road 3 LLC

  Hold Real Property · SC · income $15,000 · assets $181,716

  Directly controlled by Columbia International University

• Monticello Road 4 LLC

  Hold Real Property · SC · income $533,024 · assets $142,058

  Directly controlled by Columbia International University

• Monticello Road 5 LLC

  Hold Real Property · SC · income $0 · assets $142,058

  Directly controlled by Columbia International University

Related corporations and trusts

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

• Charitable Remainder Unitrust (5)

  Trust · Charitable Remainder Trust · SC · controlled entity

  Directly controlled by Columbia International University

• One Life Plus Term Unitrust(1)

  Trust · One Life Plus Term Unitrust · SC · controlled entity

  Directly controlled by Columbia International University

• Term of Years Annuity Trust (1)

  Trust · Term of Years Annuity Trust · SC · controlled entity

  Directly controlled by Columbia International University