Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $0

• 1e · Government grants (contributions)

  $5,191,373

• 1f · All other contributions, gifts and grants

  $26,793,235

• 1g · Noncash contributions included above

  $4,279,797

• 2a · Program service revenue: Tuition and Fees

  total $200,141,514 · related or exempt $200,141,514 · unrelated business $0 · excluded $0

• 2b · Program service revenue: Residential & Dining Services

  total $49,183,584 · related or exempt $49,183,584 · unrelated business $0 · excluded $0

• 2c · Program service revenue: Educational Activities

  total $5,500,158 · related or exempt $5,500,158 · unrelated business $0 · excluded $0

• 2d · Program service revenue: Summer Conference Program

  total $860,886 · related or exempt $860,886 · unrelated business $0 · excluded $0

• 2e · Program service revenue: Auxiliary Services

  total $441,414 · related or exempt $441,414

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $6,927,360 · unrelated business $129,643 · excluded $6,797,717

• 6a · Gross rents

  real property $142,075

• 6b · Less rental expenses

  real property $98,966

• 6c · Rental income or loss

  real property $43,109 · personal property $0

• 6d · Net rental income or loss

  total $43,109 · excluded $43,109

• 7a · Gross sales of assets other than inventory

  securities $135,169,843

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

  securities $67,277,876

• 7c · Gain or loss

  securities $67,891,967 · other assets $0

• 7d · Net gain or loss

  total $67,891,967 · excluded $67,891,967

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $273,937 · program services $273,937

• 2 · Grants to domestic individuals

  total $98,445,763 · program services $98,445,763

• 3 · Grants to foreign organizations and individuals

  total $12,623,084 · program services $12,623,084

• 5 · Compensation of officers, directors and key employees

  total $5,771,414 · program services $2,940,813 · management and general $2,482,334 · fundraising $348,267

• 7 · Other salaries and wages

  total $80,747,636 · program services $73,219,063 · management and general $4,402,677 · fundraising $3,125,896

• 8 · Pension plan contributions

  total $6,587,385 · program services $5,973,205 · management and general $359,170 · fundraising $255,010

• 9 · Other employee benefits

  total $19,546,761 · program services $19,078,605 · management and general $153,657 · fundraising $314,499

• 10 · Payroll taxes

  total $6,063,401 · program services $5,498,075 · management and general $330,600 · fundraising $234,726

• 11b · Fees: legal

  total $1,245,575 · management and general $1,245,575

• 11c · Fees: accounting

  total $190,137 · management and general $190,137

• 11d · Fees: lobbying

  total $103,259 · management and general $103,259

• 11f · Fees: investment management

  total $2,665,061 · management and general $2,665,061

• 11g · Fees: other

  total $0 · program services $0 · management and general $0 · fundraising $0

• 12 · Advertising and promotion

  total $486,864 · program services $463,562 · management and general $4,933 · fundraising $18,369

• 13 · Office expenses

  total $15,494,081 · program services $14,819,557 · management and general $602,199 · fundraising $72,325

• 14 · Information technology

  total $2,256,697 · program services $2,256,697

• 16 · Occupancy

  total $8,990,797 · program services $8,990,797

• 17 · Travel

  total $4,863,596 · program services $3,741,034 · management and general $694,367 · fundraising $428,195

• 20 · Interest

  total $6,500,225 · program services $6,500,225

• 22 · Depreciation, depletion and amortization

  total $26,456,974 · program services $26,456,974

• 23 · Insurance

  total $2,508,212 · program services $2,508,212

• 24a · Other expenses: Instruction Expense

  total $4,377,469 · program services $4,377,469

• 24b · Other expenses: Facilities Expense

  total $10,275,644 · program services $10,275,644

• 24c · Other expenses: Study Away Programs

  total $5,243,580 · program services $5,243,580

• 24d · Other expenses: Annuity & RLIF Payments

  total $4,701,201 · program services $4,701,201

• 24e · All other expenses

  total $18,025,786 · program services $12,833,935 · management and general $4,360,832 · fundraising $831,019

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $91,714,809 · end of year $28,674,122

• 2 · Savings and temporary cash investments

  beginning of year $110,731,406 · end of year $149,638,058

• 3 · Pledges and grants receivable

  beginning of year $115,876,786 · end of year $18,377,738

• 4 · Accounts receivable

  beginning of year $7,786,455 · end of year $797,039

• 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 $13,147,366 · end of year $19,375,171

• 8 · Inventories for sale or use

  beginning of year $22,546 · end of year $21,179

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,576,517 · end of year $6,686,612

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

  $1,150,255,464

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

  $549,947,832

• 10c · Land, buildings and equipment, net

  beginning of year $546,601,870 · end of year $600,307,632

• 11 · Investments: publicly traded securities

  beginning of year $752,997,034 · end of year $906,010,505

• 12 · Investments: other securities

  beginning of year $472,012,202 · end of year $498,976,362

• 13 · Investments: program-related

  beginning of year $5,347,831 · end of year $4,921,325

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $0 · end of year $0

• 17 · Accounts payable and accrued expenses

  beginning of year $31,542,971 · end of year $16,809,049

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $403 · end of year $0

• 20 · Tax-exempt bond liabilities

  beginning of year $217,195,908 · end of year $216,322,224

• 21 · Escrow or custodial account liability

  beginning of year $16,845,365 · end of year $15,724,676

• 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 $0 · end of year $0

• 24 · Unsecured notes and loans payable

  beginning of year $191,670,897 · end of year $191,723,138

• 25 · Other liabilities

  beginning of year $13,234,761 · end of year $12,684,365

• 27 · Net assets without donor restrictions

  beginning of year $329,553,567 · end of year $338,852,915

• 28 · Net assets with donor restrictions

  beginning of year $1,317,770,950 · end of year $1,441,669,376

The filer's explanations (Part III)

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

The university president resides in a university owned house as required by contract. The House is located on campus and is used by the president for university functions including Receptions, dinners and other business events. The sect. 119 rules are met and, as a result, The fair market value of this benefit is considered nontaxable compensation to the President. Karen Goff also receives a nontaxable housing allowance out of convenience for the University.

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

The following individuals participate in a 457(f) plan that is considered a supplemental non-qualified retirement plan. For year ended June 30, 2025, the following employer contributions were made: Carmen Twillie Ambar: $100,000 David Kamitsuka: $49,980

Related corporations and trusts

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

• Charitable Remainder Trusts (1)

  Trust · Charitable Trust · NY

• Charitable Remainder Trusts (7)

  Trust · Charitable Trust · OH