Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $170,975

• 1f · All other contributions, gifts and grants

  $3,473,931

• 1g · Noncash contributions included above

  $68,295

• 2a · Program service revenue: TUITION AND FEES

  total $13,930,679 · related or exempt $13,930,679

• 2b · Program service revenue: RESIDENCE HALL FEES

  total $2,087,573 · related or exempt $2,087,573

• 2c · Program service revenue: FOOD SERVICE INCOME

  total $896,673 · related or exempt $896,673

• 2d · Program service revenue: OTHER PROGRAM RELATED

  total $767,134 · related or exempt $767,134

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

  total $361,344 · related or exempt $361,344

• 2f · All other program service revenue

  total $7,818 · related or exempt $7,818

• 3 · Investment income

  total $1,484,957 · excluded $1,484,957

• 5 · Royalties

  total $202,284 · excluded $202,284

• 7a · Gross sales of assets other than inventory

  securities $4,000,571

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

  securities $3,513,448 · other assets $183,595

• 7c · Gain or loss

  securities $487,123 · other assets -$183,595

• 7d · Net gain or loss

  total $303,528 · excluded $303,528

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,854,196 · program services $5,854,196

• 5 · Compensation of officers, directors and key employees

  total $1,822,494 · program services $759,834 · management and general $1,062,660

• 7 · Other salaries and wages

  total $10,190,294 · program services $7,007,123 · management and general $2,863,507 · fundraising $319,664

• 9 · Other employee benefits

  total $1,996,914 · program services $1,287,736 · management and general $646,275 · fundraising $62,903

• 11b · Fees: legal

  total $70,063 · management and general $70,063

• 11c · Fees: accounting

  total $126,763 · management and general $126,763

• 11f · Fees: investment management

  total $118,205 · management and general $118,205

• 11g · Fees: other

  total $3,754,188 · program services $2,681,567 · management and general $1,032,184 · fundraising $40,437

• 12 · Advertising and promotion

  total $279,102 · program services $94,462 · management and general $184,640

• 13 · Office expenses

  total $1,356,408 · program services $503,106 · management and general $809,284 · fundraising $44,018

• 16 · Occupancy

  total $1,277,666 · program services $76,287 · management and general $1,201,379

• 17 · Travel

  total $240,403 · program services $213,442 · management and general $21,078 · fundraising $5,883

• 20 · Interest

  total $421,418 · program services $421,418

• 22 · Depreciation, depletion and amortization

  total $2,590,624 · program services $2,449,731 · management and general $122,314 · fundraising $18,579

• 23 · Insurance

  total $759,890 · program services $3,696 · management and general $756,194

• 24a · Other expenses: OTHER EXPENSES

  total $1,408,558 · program services $564,308 · management and general $792,694 · fundraising $51,556

• 24b · Other expenses: NON-CAPITAL EQUIPMENT

  total $57,776 · program services $57,341 · management and general $435

• 24c · Other expenses: MUSIC PROGRAMMING

  total $46,239 · program services $46,239

• 24d · Other expenses: PLANT ALLOCATION

  total $0 · program services $4,039,903 · management and general -$4,070,670 · fundraising $30,767

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $647,199 · end of year $257,695

• 2 · Savings and temporary cash investments

  beginning of year $8,913,568 · end of year $7,282,988

• 3 · Pledges and grants receivable

  beginning of year $7,272,752 · end of year $5,016,465

• 4 · Accounts receivable

  beginning of year $3,633,724 · end of year $567,677

• 8 · Inventories for sale or use

  beginning of year $27,617 · end of year $47,857

• 9 · Prepaid expenses and deferred charges

  beginning of year $288,684 · end of year $337,176

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

  $82,757,456

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

  $52,237,169

• 10c · Land, buildings and equipment, net

  beginning of year $29,334,535 · end of year $30,520,287

• 11 · Investments: publicly traded securities

  beginning of year $48,724,382 · end of year $51,224,675

• 12 · Investments: other securities

  beginning of year $185,101 · end of year $349,962

• 13 · Investments: program-related

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

• 15 · Other assets

  beginning of year $136,755 · end of year $136,044

• 17 · Accounts payable and accrued expenses

  beginning of year $1,867,378 · end of year $2,076,676

• 18 · Grants payable

  beginning of year $490,383 · end of year $464,810

• 19 · Deferred revenue

  beginning of year $857,972 · end of year $982,525

• 20 · Tax-exempt bond liabilities

  beginning of year $6,261,795 · end of year $6,081,955

• 25 · Other liabilities

  beginning of year $6,203,681 · end of year $6,227,754

• 27 · Net assets without donor restrictions

  beginning of year $18,592,974 · end of year $16,571,781

• 28 · Net assets with donor restrictions

  beginning of year $65,472,823 · end of year $63,918,014

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.