Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $128,141

• 1f · All other contributions, gifts and grants

  $7,132,874

• 1g · Noncash contributions included above

  $213,084

• 2a · Program service revenue: TUITION AND FEES

  total $15,064,117 · related or exempt $15,064,117

• 2b · Program service revenue: RESIDENCE HALL FEES

  total $2,421,829 · related or exempt $2,421,829

• 2c · Program service revenue: FOOD SERVICE INCOME

  total $1,189,587 · related or exempt $1,189,587

• 2d · Program service revenue: OTHER PROGRAM RELATED

  total $720,822 · related or exempt $720,822

• 2e · Program service revenue: SALES AND SERVICES OF EDUCATIONAL

  total $350,531 · related or exempt $350,531

• 3 · Investment income

  total $1,384,258 · excluded $1,384,258

• 5 · Royalties

  total $199,797 · excluded $199,797

• 7a · Gross sales of assets other than inventory

  securities $4,970,808

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

  securities $1,084,692 · other assets $3,000

• 7c · Gain or loss

  securities $3,886,116 · other assets -$3,000

• 7d · Net gain or loss

  total $3,883,116 · excluded $3,883,116

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $7,463,121 · program services $7,463,121

• 5 · Compensation of officers, directors and key employees

  total $1,762,590 · program services $821,440 · management and general $941,150

• 7 · Other salaries and wages

  total $10,804,259 · program services $7,279,489 · management and general $3,232,281 · fundraising $292,489

• 9 · Other employee benefits

  total $1,947,226 · program services $1,380,265 · management and general $495,307 · fundraising $71,654

• 11b · Fees: legal

  total $52,489 · management and general $52,489

• 11c · Fees: accounting

  total $312,328 · management and general $312,328

• 11f · Fees: investment management

  total $141,365 · management and general $141,365

• 11g · Fees: other

  total $3,435,515 · program services $2,607,529 · management and general $781,654 · fundraising $46,332

• 12 · Advertising and promotion

  total $109,689 · program services $47,073 · management and general $62,616

• 13 · Office expenses

  total $1,544,788 · program services $729,904 · management and general $773,856 · fundraising $41,028

• 16 · Occupancy

  total $1,292,841 · program services $53,570 · management and general $1,239,271

• 17 · Travel

  total $233,096 · program services $200,046 · management and general $18,067 · fundraising $14,983

• 20 · Interest

  total $435,862 · program services $435,862

• 22 · Depreciation, depletion and amortization

  total $2,744,018 · program services $2,380,019 · management and general $344,017 · fundraising $19,982

• 23 · Insurance

  total $803,782 · program services $3,696 · management and general $800,086

• 24a · Other expenses: OTHER EXPENSES

  total $1,751,466 · program services $913,072 · management and general $782,733 · fundraising $55,661

• 24b · Other expenses: MUSIC PROGRAMMING

  total $39,909 · program services $39,909

• 24c · Other expenses: NON-CAPITAL EQUIPMENT

  total $16,645 · program services $9,299 · management and general $7,346

• 24d · Other expenses: PLANT ALLOCATION

  total $0 · program services $3,767,060 · management and general -$3,798,822 · fundraising $31,762

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $257,695 · end of year $2,289,199

• 2 · Savings and temporary cash investments

  beginning of year $7,282,988 · end of year $3,885,766

• 3 · Pledges and grants receivable

  beginning of year $5,016,465 · end of year $2,901,491

• 4 · Accounts receivable

  beginning of year $567,677 · end of year $601,925

• 8 · Inventories for sale or use

  beginning of year $47,857 · end of year $13,044

• 9 · Prepaid expenses and deferred charges

  beginning of year $337,176 · end of year $283,235

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

  $83,948,667

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

  $54,744,645

• 10c · Land, buildings and equipment, net

  beginning of year $30,520,287 · end of year $29,204,022

• 11 · Investments: publicly traded securities

  beginning of year $51,224,675 · end of year $54,112,919

• 12 · Investments: other securities

  beginning of year $349,962 · end of year $62,921

• 13 · Investments: program-related

  beginning of year $582,689 · end of year $582,689

• 15 · Other assets

  beginning of year $136,044 · end of year $101,511

• 17 · Accounts payable and accrued expenses

  beginning of year $2,076,676 · end of year $1,443,851

• 18 · Grants payable

  beginning of year $464,810 · end of year $458,652

• 19 · Deferred revenue

  beginning of year $982,525 · end of year $872,746

• 20 · Tax-exempt bond liabilities

  beginning of year $6,081,955 · end of year $5,897,115

• 25 · Other liabilities

  beginning of year $6,227,754 · end of year $6,284,149

• 27 · Net assets without donor restrictions

  beginning of year $16,571,781 · end of year $14,288,274

• 28 · Net assets with donor restrictions

  beginning of year $63,918,014 · end of year $64,793,935

The filer's explanations (Part III)

PART I, LINE 1A

DISCRETIONARY SPENDING ACCOUNT: THE DISCRETIONARY SPENDING ACCOUNT IS FOR COLLEGE EXPENSES AND ONLY FOR DONATIONS RECEIVED THAT ARE RESTRICTED TO THE PRESIDENTIAL DISCRETIONARY ACCOUNT. THE PRESIDENT IS PROVIDED WITH A HOUSE ON CAMPUS WHERE RECEPTIONS, MEETINGS, AND EVENTS ARE HELD. A HOUSEKEEPER IS ALSO PROVIDED TO ENSURE THE HOUSE IS KEPT CLEAN.