Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $116,889

• 1e · Government grants (contributions)

  $47,147

• 1f · All other contributions, gifts and grants

  $692,026

• 2a · Program service revenue: STUDENT TUITION AND FE

  total $3,227,259 · related or exempt $3,227,259

• 2b · Program service revenue: EDUCATIONAL TRIPS

  total $30,882 · related or exempt $30,882

• 3 · Investment income

  total $141,556 · excluded $141,556

• 6a · Gross rents

  real property $330,445

• 6b · Less rental expenses

  real property $292,716

• 6c · Rental income or loss

  real property $37,729

• 6d · Net rental income or loss

  total $37,729 · related or exempt $37,729

• 7a · Gross sales of assets other than inventory

  securities $141,363

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

  securities $181,477

• 7c · Gain or loss

  securities -$40,114

• 7d · Net gain or loss

  total -$40,114 · excluded -$40,114

• 8a · Fundraising events: gross income

  $6,660

• 8a · Fundraising events: contributions included on line 1c

  $116,889

• 8b · Fundraising events: direct expenses

  $6,660

• 8c · Net income from fundraising events

  total $0

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $197,345 · program services $197,345

• 6 · Compensation of disqualified persons

  total $474,229 · program services $359,395 · management and general $87,518 · fundraising $27,316

• 7 · Other salaries and wages

  total $2,094,955 · program services $1,587,663 · management and general $386,617 · fundraising $120,675

• 9 · Other employee benefits

  total $233,756 · program services $173,618 · management and general $56,740 · fundraising $3,398

• 10 · Payroll taxes

  total $188,570 · program services $95,642 · management and general $81,997 · fundraising $10,931

• 11b · Fees: legal

  total $39,943 · management and general $39,943

• 11c · Fees: accounting

  total $60,173 · management and general $60,173

• 11f · Fees: investment management

  total $42,500 · management and general $42,500

• 11g · Fees: other

  total $252,014 · program services $154,074 · management and general $90,115 · fundraising $7,825

• 12 · Advertising and promotion

  total $34,923 · program services $25,100 · management and general $7,239 · fundraising $2,584

• 13 · Office expenses

  total $54,843 · program services $3,774 · management and general $50,716 · fundraising $353

• 14 · Information technology

  total $528 · management and general $528

• 19 · Conferences, conventions and meetings

  total $24,132 · program services $16,217 · management and general $6,695 · fundraising $1,220

• 20 · Interest

  total $98,957 · management and general $98,957

• 23 · Insurance

  total $192,170 · management and general $192,170

• 24a · Other expenses: DUES AND SUBSCRIPTIONS

  total $115,341 · program services $4,793 · management and general $110,548

• 24b · Other expenses: BAD DEBT EXPENSE

  total $41,376 · program services $41,376

• 24c · Other expenses: LIBRARY

  total $37,091 · program services $37,091

• 24d · Other expenses: LOCAL PROGRAMS

  total $28,031 · program services $10,761 · management and general $5,385 · fundraising $11,885

• 24e · All other expenses

  total $64,185 · program services $27,520 · management and general $33,051 · fundraising $3,614

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,100 · end of year $1,100

• 2 · Savings and temporary cash investments

  beginning of year $968,051 · end of year $681,026

• 3 · Pledges and grants receivable

  beginning of year $84,851 · end of year $281,326

• 4 · Accounts receivable

  beginning of year $210,338 · end of year $229,970

• 9 · Prepaid expenses and deferred charges

  beginning of year $125,310 · end of year $118,188

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

  $6,927,068

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

  $5,361,773

• 10c · Land, buildings and equipment, net

  beginning of year $1,712,454 · end of year $1,565,295

• 11 · Investments: publicly traded securities

  beginning of year $5,744,787 · end of year $6,101,666

• 15 · Other assets

  beginning of year $144,018 · end of year $146,619

• 17 · Accounts payable and accrued expenses

  beginning of year $102,765 · end of year $127,893

• 19 · Deferred revenue

  beginning of year $254,039 · end of year $198,900

• 22 · Loans and payables to officers and key people

  beginning of year $200,000 · end of year $200,000

• 23 · Secured mortgages and notes payable

  beginning of year $1,384,748 · end of year $1,188,556

• 25 · Other liabilities

  beginning of year $100,228 · end of year $88,431

• 27 · Net assets without donor restrictions

  beginning of year $1,122,627 · end of year $973,967

• 28 · Net assets with donor restrictions

  beginning of year $5,826,502 · end of year $6,347,443

The filer's explanations (Part III)

PART I, LINE 1A

WILLIAM ROBERT (ZEV) ELEFF, COLLEGE PRESIDENT RECEIVED A PARSONAGE. IT WAS NOT INCLUDED IN HIS TAXABLE COMPENSATION.

PART I, LINE 4A

PAUL FINKELMAN WAS PAID A $40,000 SEVERANCE WHICH WAS INCLUDED IN HIS TAXABLE COMPENSATION. BY ACCEPTING PAYMENT THE FORMER EMPLOYEE WILL FOREGO ANY CLAIMS AGAINST GRATZ COLLEGE. GRATZ COLLEGE ALSO RELEASES THE FORMER EMPLOYEE FROM ANY CLAIMS ARISING FROM THE FORMER EMPLOYEE'S EMPLOYMENT WITH GRATZ COLLEGE.