Totals
- Total revenue
- $21,168,613
- Total expenses
- $18,756,154
- Contributions and grants received
- $5,709,649
- Grants paid
- $4,766,970
- Program service revenue
- $9,003,454
- Investment income
- $1,710,576
- Other revenue
- $4,744,934
- Total assets, end of year
- $47,339,605
- Total liabilities, end of year
- $12,752,760
- Net assets or fund balances, end of year
- $34,586,845
- Program services expenses (Part IX)
- $14,764,037
- Management and general expenses
- $3,537,123
- Fundraising expenses
- $454,994
- Program service expenses (Part III)
- $14,764,037
Program services were 78.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,161,259
-
1f · All other contributions, gifts and grants
$4,548,390
-
2a · Program service revenue: TUITION & FEES
total $9,003,454 · related or exempt $9,003,454
-
3 · Investment income
total $1,189,101 · excluded $1,189,101
-
6a · Gross rents
real property $236,594
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $236,594
-
6d · Net rental income or loss
total $236,594 · related or exempt $236,594
-
7a · Gross sales of assets other than inventory
securities $1,480,884
-
7b · Less cost or other basis and sales expenses
securities $959,409
-
7c · Gain or loss
securities $521,475
-
7d · Net gain or loss
total $521,475 · excluded $521,475
-
10a · Gross sales of inventory
$76,755
-
10b · Cost of goods sold
$49,232
-
10c · Net income from sales of inventory
total $27,523 · excluded $27,523
-
11a · Other revenue: MISC STUDENT CHARGES
total $2,812,389 · related or exempt $2,812,389
-
11b · Other revenue: INSURANCE PROCEEDS
total $1,390,597 · excluded $1,390,597
-
11c · Other revenue: STUDENT ACTIVITY INCOME
total $277,831 · related or exempt $277,831
-
11e · Other revenue, total
$4,480,817
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,766,970 · program services $4,766,970
-
5 · Compensation of officers, directors and key employees
total $139,631 · program services $104,724 · management and general $23,737 · fundraising $11,170
-
7 · Other salaries and wages
total $4,960,110 · program services $3,858,101 · management and general $838,243 · fundraising $263,766
-
9 · Other employee benefits
total $594,649 · program services $424,351 · management and general $138,198 · fundraising $32,100
-
10 · Payroll taxes
total $312,201 · program services $263,253 · management and general $32,140 · fundraising $16,808
-
11c · Fees: accounting
total $51,500 · program services $51,500
-
16 · Occupancy
total $688,476 · program services $645,895 · management and general $42,581
-
17 · Travel
total $710,276 · program services $642,677 · management and general $40,635 · fundraising $26,964
-
19 · Conferences, conventions and meetings
total $73,329 · program services $73,329
-
20 · Interest
total $633,396 · management and general $633,396
-
22 · Depreciation, depletion and amortization
total $713,849 · program services $571,079 · management and general $142,770
-
23 · Insurance
total $304,100 · program services $304,100
-
24a · Other expenses: CONTRACT SERVICES
total $2,169,784 · program services $1,045,490 · management and general $1,044,211 · fundraising $80,083
-
24b · Other expenses: SUPPLIES EXPENSE
total $1,436,578 · program services $966,102 · management and general $446,373 · fundraising $24,103
-
24c · Other expenses: REPAIR & MAINTENANCE
total $779,585 · program services $714,398 · management and general $65,187
-
24d · Other expenses: PRINTING & PUBLICATIONS
total $227,321 · program services $137,669 · management and general $89,652
-
24e · All other expenses
total $194,399 · program services $194,399
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $100,261 · end of year $179,697
-
2 · Savings and temporary cash investments
beginning of year $126,089 · end of year $574,164
-
3 · Pledges and grants receivable
beginning of year $759,572 · end of year $1,293,312
-
4 · Accounts receivable
beginning of year $739,161 · end of year $533,313
-
7 · Other notes and loans receivable
beginning of year $683,129 · end of year $488,122
-
8 · Inventories for sale or use
beginning of year $81,620 · end of year $105,981
-
9 · Prepaid expenses and deferred charges
beginning of year $157,582 · end of year $56,476
-
10a · Land, buildings and equipment: cost or other basis
$39,469,838
-
10b · Land, buildings and equipment: accumulated depreciation
$16,974,175
-
10c · Land, buildings and equipment, net
beginning of year $21,308,352 · end of year $22,495,663
-
11 · Investments: publicly traded securities
beginning of year $10,407,957 · end of year $11,222,983
-
12 · Investments: other securities
beginning of year $9,280,144 · end of year $9,748,824
-
15 · Other assets
beginning of year $641,070 · end of year $641,070
-
17 · Accounts payable and accrued expenses
beginning of year $1,019,433 · end of year $601,935
-
20 · Tax-exempt bond liabilities
beginning of year $6,675,000 · end of year $8,416,905
-
23 · Secured mortgages and notes payable
beginning of year $4,475,178 · end of year $3,040,624
-
25 · Other liabilities
beginning of year $900,351 · end of year $693,296
-
27 · Net assets without donor restrictions
beginning of year $12,240,707 · end of year $15,581,858
-
28 · Net assets with donor restrictions
beginning of year $18,974,268 · end of year $19,004,987
Mission and programs · 2022
Mission
THE UNIVERSITY PROVIDES POST SECONDARY EDUCATION TO INDIVIDUALS SEEKING A BACHELOR'S DEGREE FROM AN ACCREDITED UNIVERSITY OR A MASTER'S DEGREE IN EDUCATION OR LEADERSIHP THROUGH AN ONLINE PROGRAM.
Activities or mission (Part I)
PROVIDE POST SECONDARY EDUCATION TO STUDENTS IN VARIOUS FIELDS.THE UNIVERSITY IS A FOUR YEAR ACCREDITED POST SECONDARY EDUCATION INSTITUTION OFFERING BACHELOR'S DEGREES IN VARIOUS AREAS. THE UNIVERSITY OFFERS ON-SITE LEARNING AND PROVIDES HOUSING FOR MANY OF ITS STUDENTS. IN ADDITION, THE UNIVERSITY OFFERS MASTER'S DEGREES IN EDUCATION AND LEADERSHIP THROUGH AN INNOVATIVE GRADUATE ONLINE TRAINING PROGRAM.
-
POST SECONDARY EDUCATION FOR STUDENTS IN VARIOUS FIELDS. THE UNIVERSITY IS ACCREDITED TO AWARD BACHELOR DEGREES TO STUDENTS. CLASSES ARE HELD ON-CAMPUS BY THE UNIVERSITY. THE UNIVERSITY HAS AVAILABLE HOUSING AND FOOD SERVICES FOR STUDENTS. IN ADDITION, THE UNIVERSITY OFFERS MASTER'S DEGREES IN EDUCATION AND LEADERSHIP TO STUDENTS THROUGH AN INNOVATIVE GRADUATE ONLINE TRAINING PROGRAM.
Expenses $9,945,162 · Grants $4,766,970 · Revenue $12,330,268
-
INTERCOLLEGIATE ATHLETICS, INCLUDING SCHOLARSHIPS, SALARIES AND TRAVEL. AS A POST-SECONDARY INSTITUTION THE UNIVERSITY HAS INTERCOLLEGIATE ATHLETIC TEAMS THAT COMPETE WITH OTHER INSTITUTIONS. THE ATHLETIC PROGRAM OFFERS ATHLETIC SCHOLARSHIPS TO VARIOUS INDIVIDUALS. COACHES OF THE ATHLETIC TEAMS ARE SALARIED. TRAVEL DIRECTLY RELATED TO COMPETITIONS IS PAID BY THE UNIVERSITY.
Expenses $4,484,582
-
LIBRARY & AUDIO VISUAL TO SUPPORT EDUCATIONAL FUNCTION. AS PART OF ITS ACADEMIC PROCESSES, THE UNIVERSITY MAINTAINS LIBRARY AND AUDIO-VISUAL SERVICES TO ITS STUDENTS.
Expenses $334,293
As filed on the 2022 return.
Listed in Part VII
-
Michael ArmourMICHAEL ARMOUR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Edward J BaileyEDWARD J BAILEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Richard JamesRICHARD JAMES
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Jeffrey HannelJEFFREY HANNEL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Carolyn StephensonCAROLYN STEPHENSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Charles B StephensonCHARLES B STEPHENSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Charlie WattsCHARLIE WATTS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Cassandra SavageCASSANDRA SAVAGE
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
E Joe BrazellE JOE BRAZELL
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Linda ThomasLINDA THOMAS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Douglas J TownsdinDOUGLAS J TOWNSDIN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Chester M JamesCHESTER M JAMES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Patrick W HendricksPATRICK W HENDRICKS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 3
-
Scott AbrahamSCOTT ABRAHAM
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Shawn BengtsonSHAWN BENGTSON
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Aaron FletcherAARON FLETCHER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Damon CatheyDAMON CATHEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Christine EggarCHRISTINE EGGAR
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Dickie HillDICKIE HILL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Kimberly M HoytKIMBERLY M HOYT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Conay L HuizarCONAY L HUIZAR
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Marilyn S LocusMARILYN S LOCUS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
Benjamin M SmailBENJAMIN M SMAIL
TRUSTEE
- Total calculated
- $0
- Hours/week
- 5
-
R Wayne WhiteR WAYNE WHITE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 5
-
Samuel SmithSAMUEL SMITH
PRESIDENT/CHANCELLOR
- Total calculated
- $180,226
- From this org
- $154,881
- From related orgs
- $0
- Other
- $25,345
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $139,631
- Bonus
- $0
- Other
- $15,250
- Deferred
- $0
- Nontaxable benefits
- $25,345
- Filer's total
- $180,226
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440469349301219
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