Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $7,207,631

• 1f · All other contributions, gifts and grants

  $2,951,728

• 1g · Noncash contributions included above

  $69,191

• 2a · Program service revenue: Educational Programs

  total $176,587,876 · related or exempt $176,587,876

• 2b · Program service revenue: Patient Care

  total $9,099,006 · related or exempt $9,099,006

• 2c · Program service revenue: Student Loan Interest

  total $73,404 · related or exempt $73,404

• 2d · Program service revenue: Student Housing/Recreational

  total $277,977 · related or exempt $277,977

• 3 · Investment income

  total $10,231,631 · excluded $10,231,631

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

  total $2 · excluded $2

• 5 · Royalties

  total $32,164 · excluded $32,164

• 6a · Gross rents

  real property $1,694,698

• 6c · Rental income or loss

  real property $1,694,698 · personal property $0

• 6d · Net rental income or loss

  total $1,694,698 · excluded $1,694,698

• 7a · Gross sales of assets other than inventory

  securities $117,907,117

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

  securities $120,916,680 · other assets $27,560

• 7c · Gain or loss

  securities -$3,009,563 · other assets -$27,560

• 7d · Net gain or loss

  total -$3,037,123 · excluded -$3,037,123

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: Miscellaneous Income

  total $1,164,090 · excluded $1,164,090

• 11e · Other revenue, total

  $1,164,090

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $39,233 · program services $39,233

• 2 · Grants to domestic individuals

  total $3,900,250 · program services $3,900,250

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $4,984,938 · program services $3,076,028 · management and general $1,908,910

• 6 · Compensation of disqualified persons

  total $207,773 · program services $207,773

• 7 · Other salaries and wages

  total $84,294,580 · program services $74,601,341 · management and general $8,248,972 · fundraising $1,444,267

• 8 · Pension plan contributions

  total $4,427,989 · program services $3,829,487 · management and general $491,069 · fundraising $107,433

• 9 · Other employee benefits

  total $11,072,741 · program services $9,265,753 · management and general $1,550,738 · fundraising $256,250

• 10 · Payroll taxes

  total $6,216,526 · program services $5,478,220 · management and general $637,847 · fundraising $100,459

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $368,611 · program services $134,867 · management and general $233,744

• 11c · Fees: accounting

  total $121,800 · management and general $121,800

• 11d · Fees: lobbying

  total $40,500 · management and general $40,500

• 11e · Fees: professional fundraising services

  total $79,387 · fundraising $79,387

• 11f · Fees: investment management

  total $1,390,178 · management and general $1,390,178

• 11g · Fees: other

  total $9,095,199 · program services $8,419,085 · management and general $512,413 · fundraising $163,701

• 12 · Advertising and promotion

  total $2,633,795 · program services $2,356,048 · management and general $187,349 · fundraising $90,398

• 13 · Office expenses

  total $8,428,831 · program services $7,376,752 · management and general $869,332 · fundraising $182,747

• 14 · Information technology

  total $6,485,531 · program services $4,699,026 · management and general $1,719,157 · fundraising $67,348

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $4,097,022 · program services $3,720,311 · management and general $297,544 · fundraising $79,167

• 17 · Travel

  total $3,336,783 · program services $2,670,186 · management and general $548,638 · fundraising $117,959

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $0

• 20 · Interest

  total $3,066,179 · program services $2,632,305 · management and general $376,804 · fundraising $57,070

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $7,863,305 · program services $6,994,631 · management and general $765,863 · fundraising $102,811

• 23 · Insurance

  total $372,276 · program services $303,793 · management and general $62,969 · fundraising $5,514

• 24a · Other expenses: CLINICAL ROTATIONS

  total $9,754,699 · program services $9,754,699

• 24b · Other expenses: SUBSCRIPTIONS

  total $2,230,177 · program services $2,184,790 · management and general $27,649 · fundraising $17,738

• 24c · Other expenses: MEMBERSHIP & DUES

  total $1,303,820 · program services $1,176,776 · management and general $118,288 · fundraising $8,756

• 24d · Other expenses: MISCELLANEOUS EXPENSE

  total $443,999 · program services $419,797 · management and general $19,985 · fundraising $4,217

• 24e · All other expenses

  total $408,897 · program services $408,897

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,590 · end of year $3,589

• 2 · Savings and temporary cash investments

  beginning of year $61,248,143 · end of year $90,433,501

• 3 · Pledges and grants receivable

  beginning of year $1,003,989 · end of year $1,697,397

• 4 · Accounts receivable

  beginning of year $7,226,580 · end of year $8,445,918

• 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

• 7 · Other notes and loans receivable

  beginning of year $0 · end of year $0

• 8 · Inventories for sale or use

  beginning of year $416,858 · end of year $387,214

• 9 · Prepaid expenses and deferred charges

  beginning of year $12,708,684 · end of year $12,748,144

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

  $209,442,780

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

  $100,663,953

• 10c · Land, buildings and equipment, net

  beginning of year $111,578,614 · end of year $108,778,827

• 11 · Investments: publicly traded securities

  beginning of year $240,063,301 · end of year $258,934,547

• 12 · Investments: other securities

  beginning of year $3,244,738 · end of year $3,151,920

• 13 · Investments: program-related

  beginning of year $3,016,381 · end of year $2,461,934

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $9,815,741 · end of year $9,476,556

• 17 · Accounts payable and accrued expenses

  beginning of year $19,693,897 · end of year $20,003,614

• 18 · Grants payable

  beginning of year $362,935 · end of year $363,509

• 19 · Deferred revenue

  beginning of year $24,745,581 · end of year $26,900,732

• 20 · Tax-exempt bond liabilities

  beginning of year $81,682,536 · end of year $79,122,867

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 23 · Secured mortgages and notes payable

  beginning of year $3,604,915 · end of year $3,226,930

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $4,013,167 · end of year $3,183,518

• 27 · Net assets without donor restrictions

  beginning of year $227,992,953 · end of year $268,493,852

• 28 · Net assets with donor restrictions

  beginning of year $88,230,635 · end of year $95,224,525

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

THE UNIVERSITY PROVIDES A HOUSING ALLOWANCE FOR THE UNIVERSITY PRESIDENT FOR A HOUSE IN ARIZONA AND ALSO MAINTAINS A HOUSE FOR THE PRESIDENT IN KIRKSVILLE. THE HOUSING BENEFIT FOR BOTH HOUSES IS TREATED AS TAXABLE COMPENSATION AND INCLUDED ON THE PRESIDENT'S W-2. THE UNIVERSITY PROVIDED TRAVEL EXPENSES FOR THE PRESIDENT'S SPOUSE TO ATTEND MANY EVENTS THROUGHOUT THE YEAR. THESE ITEMS WERE TREATED AS TAXABLE INCOME IN HIS W-2. THE UNIVERSITY PAID FOR AQUATIC CENTER AND HEALTH CENTER DUES FOR SEVERAL EMPLOYEES, WHICH WERE REPORTED AS TAXABLE INCOME ON THEIR W-2S. THIS BENEFIT IS AVAILABLE TO ALL EMPLOYEES.

SCHEDULE J, PART I, LINE 4A

The organization made a severance payment of $116,667 to Valerie Sheridan during the year.

SCHEDULE J, PART I, LINE 4B

DURING THE TERM OF THE PRESIDENT'S EMPLOYMENT WITH THE INSTITUTION AS PROVIDED IN THE PRESIDENT'S EMPLOYMENT AGREEMENT WITH ATSU DATED JULY, 2020 ON OR AROUND AUGUST 1 INSTITUTION WILL REMIT TO CREDIT TO THE DEFERRED COMPENSATION ACCOUNT AN AMOUNT EQUAL TO UP TO 20% OF THE PRESIDENT'S BASE SALARY PER YEAR FOR EACH FULL YEAR OF THE PRESIDENT'S EMPLOYMENT IN AN AMOUNT EQUAL TO THE AMOUNT OF THE PRESIDENT'S BONUS, IF ANY, AS DETERMINED BY THE INSTITUTION'S BOARD OF TRUSTEES. THE PRESIDENT SHALL VEST IN THE DEFERRED COMPENSATION ACCOUNT ON JUNE 30, 2023, PROVIDED HE REMAINS IN CONTINUOUS EMPLOYMENT THROUGH SUCH DATE, OR UPON HIS EARLIER TERMINATION OF EMPLOYMENT DUE TO HIS DEATH OR DISABILITY OR UPON TERMINATION OF THE PRESIDENT'S EMPLOYMENT BY ATSU WITHOUT CAUSE, AS DEFINED IN THE EMPLOYMENT AGREEMENT. 2022 2022 2022 ACCRUAL DISTRIBUTION TOTAL CRAIG M. PHELPS $ 140,760 $ 0 $ 140,760

Disregarded entities

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

• ATSUCHC-U LLC

  EDUCATION · AZ · income $0 · assets $0

  Directly controlled by ATSU