Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $21,606

• 1e · Government grants (contributions)

  $2,948,268

• 1f · All other contributions, gifts and grants

  $2,372,767

• 1g · Noncash contributions included above

  $26,947

• 2a · Program service revenue: TUITION AND FEES

  total $52,435,451 · related or exempt $52,435,451

• 2b · Program service revenue: AUXILIARY INCOME

  total $2,787,660 · related or exempt $2,787,660

• 3 · Investment income

  total $8,112,270 · excluded $8,112,270

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · unrelated business $0

• 5 · Royalties

  total $56 · excluded $56

• 6a · Gross rents

  real property $136,798

• 6c · Rental income or loss

  real property $136,798 · personal property $0

• 6d · Net rental income or loss

  total $136,798 · excluded $136,798

• 7a · Gross sales of assets other than inventory

  securities $10,631,815

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

  securities $10,545,859

• 7c · Gain or loss

  securities $85,956

• 7d · Net gain or loss

  total $85,956 · excluded $85,956

• 8a · Fundraising events: gross income

  $12,719

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

  $21,606

• 8b · Fundraising events: direct expenses

  $9,706

• 8c · Net income from fundraising events

  total $3,013 · excluded $3,013

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: OTHER REVENUE

  total $312,424 · related or exempt $312,424

• 11e · Other revenue, total

  $312,424

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $18,610,356 · program services $18,610,356

• 3 · Grants to foreign organizations and individuals

  total $0

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $1,183,415 · program services $236,683 · management and general $887,561 · fundraising $59,171

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $24,061,825 · program services $20,677,154 · management and general $2,630,586 · fundraising $754,085

• 8 · Pension plan contributions

  total $1,486,619 · program services $1,259,706 · management and general $177,520 · fundraising $49,393

• 9 · Other employee benefits

  total $3,227,776 · program services $2,686,299 · management and general $432,970 · fundraising $108,507

• 10 · Payroll taxes

  total $1,901,386 · program services $1,560,660 · management and general $276,244 · fundraising $64,482

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $42,007 · management and general $42,007

• 11c · Fees: accounting

  total $182,557 · management and general $182,557

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $107,260 · management and general $107,260

• 11g · Fees: other

  total $2,001,945 · program services $1,308,183 · management and general $689,959 · fundraising $3,803

• 12 · Advertising and promotion

  total $796,166 · program services $2,902 · management and general $788,990 · fundraising $4,274

• 13 · Office expenses

  total $491,270 · program services $428,648 · management and general $42,443 · fundraising $20,179

• 14 · Information technology

  total $2,220,378 · program services $1,974,918 · management and general $201,852 · fundraising $43,608

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $7,575,523 · program services $6,535,424 · management and general $888,733 · fundraising $151,366

• 17 · Travel

  total $811,345 · program services $774,618 · management and general $28,417 · fundraising $8,310

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $97,124 · program services $86,809 · management and general $9,470 · fundraising $845

• 20 · Interest

  total $357,176 · program services $298,569 · management and general $50,456 · fundraising $8,151

• 21 · Payments to affiliates

  total $263,517 · program services $140,219 · management and general $117,850 · fundraising $5,448

• 22 · Depreciation, depletion and amortization

  total $3,071,132 · program services $2,567,206 · management and general $433,839 · fundraising $70,087

• 23 · Insurance

  total $33,886 · program services $33,886

• 24a · Other expenses: FEES EXPENSE

  total $5,490,031 · program services $5,291,306 · management and general $198,725

• 24b · Other expenses: OTHER PROGRAM ACTIVITIES

  total $2,446,683 · program services $2,278,444 · management and general $156,077 · fundraising $12,162

• 24c · Other expenses: BAD DEBT EXPENSE

  total $268,448 · management and general $268,448

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,778,399 · end of year $1,634,635

• 2 · Savings and temporary cash investments

  beginning of year $9,325,781 · end of year $5,936,879

• 3 · Pledges and grants receivable

  beginning of year $647,730 · end of year $300,045

• 4 · Accounts receivable

  beginning of year $3,092,460 · end of year $3,111,106

• 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 $407,275 · end of year $458,269

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,247,821 · end of year $1,248,507

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

  $137,466,278

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

  $72,667,331

• 10c · Land, buildings and equipment, net

  beginning of year $65,802,616 · end of year $64,798,947

• 11 · Investments: publicly traded securities

  beginning of year $31,429,258 · end of year $31,423,961

• 12 · Investments: other securities

  beginning of year $0 · end of year $0

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $68,206 · end of year $2,301,274

• 17 · Accounts payable and accrued expenses

  beginning of year $8,725,812 · end of year $10,503,981

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $3,723,533 · end of year $3,516,771

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 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 $1,973,483 · end of year $1,865,413

• 24 · Unsecured notes and loans payable

  beginning of year $15,400,000 · end of year $16,800,000

• 25 · Other liabilities

  beginning of year $150,245 · end of year $2,467,637

• 27 · Net assets without donor restrictions

  beginning of year $59,598,731 · end of year $51,714,971

• 28 · Net assets with donor restrictions

  beginning of year $24,227,742 · end of year $24,344,850

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

Our Lady of the Lake University's former president, Diane Melby, and current president, Abel Chavez, were both paid a housing allowance, which was taxed through payroll.