Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $5,368,769

• 1f · All other contributions, gifts and grants

  $23,819,052

• 1g · Noncash contributions included above

  $5,733,301

• 2a · Program service revenue: STUDENT TUITION FEES

  total $30,300,427 · related or exempt $30,300,427

• 2b · Program service revenue: ROOM AND BOARD

  total $12,970,118 · related or exempt $12,970,118

• 2c · Program service revenue: CAMPUS INDUSTRIES

  total $8,950,271 · related or exempt $8,950,271

• 3 · Investment income

  total $16,621,054 · excluded $16,621,054

• 6a · Gross rents

  real property $19,360

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $19,360

• 6d · Net rental income or loss

  total $19,360 · excluded $19,360

• 7a · Gross sales of assets other than inventory

  securities $273,882,154 · other assets $479,865

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

  securities $240,471,282 · other assets $719,580

• 7c · Gain or loss

  securities $33,410,872 · other assets -$239,715

• 7d · Net gain or loss

  total $33,171,157 · related or exempt $33,171,157

• 10a · Gross sales of inventory

  $151,445

• 10b · Cost of goods sold

  $174,986

• 10c · Net income from sales of inventory

  total -$23,541 · related or exempt -$23,541

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $1,194,627 · related or exempt $1,194,627

• 11b · Other revenue: FARM INCOME

  total $66,826 · unrelated business $66,826

• 11e · Other revenue, total

  $1,261,453

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $29,648,264 · program services $29,648,264

• 5 · Compensation of officers, directors and key employees

  total $3,173,372 · management and general $3,173,372

• 7 · Other salaries and wages

  total $19,720,301 · program services $18,226,891 · management and general $1,249,360 · fundraising $244,050

• 8 · Pension plan contributions

  total $1,836,661 · program services $1,709,768 · management and general $104,184 · fundraising $22,709

• 9 · Other employee benefits

  total $3,266,616 · program services $3,117,509 · management and general $130,390 · fundraising $18,717

• 10 · Payroll taxes

  total $1,647,538 · program services $1,351,856 · management and general $278,274 · fundraising $17,408

• 11b · Fees: legal

  total $169,957 · management and general $169,957

• 11c · Fees: accounting

  total $81,570 · management and general $81,570

• 11f · Fees: investment management

  total $2,039,689 · management and general $2,039,689

• 11g · Fees: other

  total $55,257 · program services $55,257

• 12 · Advertising and promotion

  total $90,544 · program services $90,544

• 13 · Office expenses

  total $7,181,002 · program services $5,842,929 · management and general $894,942 · fundraising $443,131

• 14 · Information technology

  total $1,296,245 · program services $1,296,245

• 16 · Occupancy

  total $5,845,076 · program services $5,361,687 · management and general $483,389

• 17 · Travel

  total $759,626 · program services $668,285 · management and general $78,827 · fundraising $12,514

• 19 · Conferences, conventions and meetings

  total $39,175 · program services $39,175

• 22 · Depreciation, depletion and amortization

  total $6,959,019 · program services $6,120,200 · management and general $838,819

• 23 · Insurance

  total $110,711 · program services $110,711

• 24a · Other expenses: INCOME TAXES PAID

  total $7,660 · program services $7,660

• 24b · Other expenses: DEPARTMENTAL EXPENSES

  total $8,209,478 · program services $8,209,478

• 24c · Other expenses: AIRPLANE EXPENSE

  total $680,889 · management and general $680,889

• 24d · Other expenses: GENERAL CONTINGENCIES

  total $590,943 · management and general $590,943

• 24e · All other expenses

  total $649,511 · program services $38,619 · management and general $491,881 · fundraising $119,011

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,351,054 · end of year $7,064,542

• 2 · Savings and temporary cash investments

  beginning of year $305,340 · end of year $337,488

• 3 · Pledges and grants receivable

  beginning of year $2,740,477 · end of year $1,036,698

• 4 · Accounts receivable

  beginning of year $1,915,697 · end of year $2,274,805

• 8 · Inventories for sale or use

  beginning of year $1,290,058 · end of year $1,382,885

• 9 · Prepaid expenses and deferred charges

  beginning of year $603,582 · end of year $611,765

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

  $245,699,744

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

  $119,468,102

• 10c · Land, buildings and equipment, net

  beginning of year $118,015,145 · end of year $126,231,642

• 11 · Investments: publicly traded securities

  beginning of year $491,529,191 · end of year $479,086,606

• 15 · Other assets

  beginning of year $167,738,685 · end of year $158,567,618

• 17 · Accounts payable and accrued expenses

  beginning of year $2,637,557 · end of year $2,655,351

• 19 · Deferred revenue

  beginning of year $5,370,967 · end of year $4,985,688

• 25 · Other liabilities

  beginning of year $20,668,143 · end of year $20,599,377

• 27 · Net assets without donor restrictions

  beginning of year $478,651,903 · end of year $477,809,469

• 28 · Net assets with donor restrictions

  beginning of year $280,160,659 · end of year $270,544,164

The filer's explanations (Part III)

PART I, LINE 1A

FACULTY-OCCASIONAL FACULTY MEMBER TRAVEL WAS COLLEGE-BUSINESS RELATED HOUSING PROVIDED FOR THE CONVENIENCE OF THE EMPLOYER