Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,568,224

• 2a · Program service revenue: Network Services

  total $39,452,917 · related or exempt $39,452,917

• 2b · Program service revenue: Community Engagement

  total $12,077,879 · related or exempt $12,077,879

• 2c · Program service revenue: Trust & Identity

  total $10,491,555 · related or exempt $10,491,555

• 2d · Program service revenue: Internet2 Net+ Service

  total $9,680,332 · related or exempt $9,680,332

• 2e · Program service revenue: Special Fund Projects

  total $20,771 · related or exempt $20,771

• 2f · All other program service revenue

  total $7,600 · related or exempt $7,600

• 3 · Investment income

  total $435,317 · excluded $435,317

• 6a · Gross rents

  real property $62,988

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $62,988

• 6d · Net rental income or loss

  total $62,988 · excluded $62,988

• 7a · Gross sales of assets other than inventory

  securities $8,487,919 · other assets $3,736,007

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

  securities $8,487,919 · other assets $626,306

• 7c · Gain or loss

  securities $0 · other assets $3,109,701

• 7d · Net gain or loss

  total $3,109,701 · excluded $3,109,701

• 11d · All other revenue

  total $42,646 · excluded $42,646

• 11e · Other revenue, total

  $42,646

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $224,104 · program services $224,104

• 5 · Compensation of officers, directors and key employees

  total $2,538,399 · program services $1,467,504 · management and general $1,070,895

• 7 · Other salaries and wages

  total $15,038,270 · program services $13,809,288 · management and general $1,228,982

• 8 · Pension plan contributions

  total $1,532,071 · program services $1,375,339 · management and general $156,732

• 9 · Other employee benefits

  total $1,793,703 · program services $1,497,266 · management and general $296,437

• 10 · Payroll taxes

  total $1,154,073 · program services $1,028,522 · management and general $125,551

• 11b · Fees: legal

  total $274,188 · management and general $274,188

• 11c · Fees: accounting

  total $144,781 · management and general $144,781

• 11f · Fees: investment management

  total $47,048 · management and general $47,048

• 11g · Fees: other

  total $6,193,350 · program services $5,651,791 · management and general $541,559

• 12 · Advertising and promotion

  total $53,889 · program services $36,590 · management and general $17,299

• 13 · Office expenses

  total $1,795,327 · program services $1,758,879 · management and general $36,448

• 14 · Information technology

  total $1,647,321 · program services $1,527,481 · management and general $119,840

• 16 · Occupancy

  total $3,868,167 · program services $3,766,420 · management and general $101,747

• 17 · Travel

  total $733,980 · program services $679,921 · management and general $54,059

• 19 · Conferences, conventions and meetings

  total $1,206,907 · program services $1,193,663 · management and general $13,244

• 20 · Interest

  total $1,239,914 · management and general $1,239,914

• 22 · Depreciation, depletion and amortization

  total $4,558,879 · program services $4,527,818 · management and general $31,061

• 23 · Insurance

  total $435,572 · management and general $435,572

• 24a · Other expenses: Network Operations

  total $22,960,927 · program services $22,951,616 · management and general $9,311

• 24b · Other expenses: Member Dues

  total $137,805 · program services $128,629 · management and general $9,176

• 24e · All other expenses

  total $485,217 · program services $485,217

Balance sheet

Part X, book values.

• 2 · Savings and temporary cash investments

  beginning of year $29,947,079 · end of year $35,332,801

• 3 · Pledges and grants receivable

  beginning of year $730,394 · end of year $253,403

• 4 · Accounts receivable

  beginning of year $11,081,047 · end of year $8,405,243

• 9 · Prepaid expenses and deferred charges

  beginning of year $4,040,811 · end of year $5,414,999

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

  $71,459,316

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

  $55,317,469

• 10c · Land, buildings and equipment, net

  beginning of year $37,915,799 · end of year $16,141,847

• 11 · Investments: publicly traded securities

  beginning of year $16,182,310 · end of year $16,774,716

• 15 · Other assets

  beginning of year $694,263 · end of year $60,490,029

• 17 · Accounts payable and accrued expenses

  beginning of year $12,643,314 · end of year $7,057,298

• 19 · Deferred revenue

  beginning of year $29,335,517 · end of year $30,036,616

• 25 · Other liabilities

  beginning of year $9,577,797 · end of year $48,106,990

• 27 · Net assets without donor restrictions

  beginning of year $49,035,075 · end of year $57,612,134

The filer's explanations (Part III)

Part I, Line 4a

The following individual received a severance payment in 2022: John Morabito $335,000 Part I, Line 7: Bonuses awarded during 2022 were determined under the discretion of the Board of Trustees and CEO and are correctly reported on Sch J, Part II, Col. (B)(ii).

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• National Research & Education Fiber Company LLC

  Acquire indefeasible rights of use of fiber optic telecom capacity · DE · income $0 · assets $2,500

  Directly controlled by University Corporation for Advanced Internet Development

• InCommon LLC

  Facilitate sharing of protected network accessible resources · DE · income $9,759,476 · assets $11,531,352

  Directly controlled by University Corporation for Advanced Internet Development

• Advanced Infrastructure for Research and Education LLC

  See Schedule R, Part VII · DE · income $0 · assets $2,500

  Directly controlled by University Corporation for Advanced Internet Development