Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $13,125

• 1e · Government grants (contributions)

  $756,511

• 1f · All other contributions, gifts and grants

  $8,238,064

• 1g · Noncash contributions included above

  $1,426,651

• 2a · Program service revenue: TUITION & FEES

  total $34,783,886 · related or exempt $34,783,886

• 2b · Program service revenue: AUXILIARY ENTERPRISES

  total $7,038,212 · related or exempt $7,038,212

• 3 · Investment income

  total $2,141,680 · unrelated business $52,052 · excluded $2,089,628

• 5 · Royalties

  total $4,356 · excluded $4,356

• 6a · Gross rents

  real property $282,962

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $282,962

• 6d · Net rental income or loss

  total $282,962 · excluded $282,962

• 7a · Gross sales of assets other than inventory

  securities $44,435,623 · other assets $1,121,280

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

  securities $42,187,885 · other assets $11,893

• 7c · Gain or loss

  securities $2,247,738 · other assets $1,109,387

• 7d · Net gain or loss

  total $3,357,125 · unrelated business $18,663 · excluded $3,338,462

• 8a · Fundraising events: gross income

  $41,418

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

  $13,125

• 8b · Fundraising events: direct expenses

  $38,270

• 8c · Net income from fundraising events

  total $3,148 · excluded $3,148

• 11a · Other revenue: SUMMER CAMP/CONFERENCE

  total $401,798 · unrelated business $401,798

• 11b · Other revenue: MISCELLANEOUS

  total -$365,914 · excluded -$365,914

• 11e · Other revenue, total

  $35,884

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $24,959,450 · program services $24,959,450

• 5 · Compensation of officers, directors and key employees

  total $324,570 · management and general $271,683 · fundraising $52,887

• 7 · Other salaries and wages

  total $12,008,511 · program services $10,211,207 · management and general $1,130,363 · fundraising $666,941

• 8 · Pension plan contributions

  total $691,392 · program services $571,510 · management and general $76,001 · fundraising $43,881

• 9 · Other employee benefits

  total $2,350,857 · program services $2,049,408 · management and general $171,113 · fundraising $130,336

• 10 · Payroll taxes

  total $845,856 · program services $703,236 · management and general $91,136 · fundraising $51,484

• 11a · Fees: management

  total $444 · program services $444

• 11b · Fees: legal

  total $72,176 · program services $49,212 · management and general $22,964

• 11c · Fees: accounting

  total $105,019 · management and general $105,019

• 11f · Fees: investment management

  total $75,000 · management and general $75,000

• 11g · Fees: other

  total $2,474,684 · program services $1,915,272 · management and general $382,594 · fundraising $176,818

• 12 · Advertising and promotion

  total $176,781 · program services $21,891 · management and general $154,890

• 13 · Office expenses

  total $1,939,783 · program services $1,832,675 · fundraising $107,108

• 14 · Information technology

  total $442,124 · program services $436,452 · management and general $5,672

• 16 · Occupancy

  total $1,532,248 · program services $1,532,248

• 17 · Travel

  total $988,424 · program services $840,184 · management and general $13,597 · fundraising $134,643

• 19 · Conferences, conventions and meetings

  total $267,560 · program services $107,701 · management and general $136,407 · fundraising $23,452

• 20 · Interest

  total $1,364,283 · management and general $1,364,283

• 22 · Depreciation, depletion and amortization

  total $2,161,447 · management and general $2,161,447

• 23 · Insurance

  total $556,594 · program services $20,260 · management and general $536,334

• 24a · Other expenses: UBI TAX

  total $704,115 · program services $345,503 · management and general $358,612

• 24b · Other expenses: FOOD SERVICE CONTRACT

  total $2,359,989 · program services $2,359,989

• 24c · Other expenses: PROMOTIONS & AWARDS

  total $373,487 · program services $373,487

• 24d · Other expenses: ALL OTHER EXPENSES

  total $368,423 · management and general $360,494 · fundraising $7,929

• 24e · All other expenses

  total $441,307 · program services $418,768 · management and general $22,539

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $5,395,041 · end of year $5,844,021

• 2 · Savings and temporary cash investments

  beginning of year $18,028,969 · end of year $11,228,622

• 3 · Pledges and grants receivable

  beginning of year $11,567,302 · end of year $6,078,650

• 4 · Accounts receivable

  beginning of year $939,546 · end of year $1,640,424

• 7 · Other notes and loans receivable

  beginning of year $837,274 · end of year $520,916

• 9 · Prepaid expenses and deferred charges

  beginning of year $136,047 · end of year $141,985

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

  $118,445,775

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

  $46,192,092

• 10c · Land, buildings and equipment, net

  beginning of year $50,624,906 · end of year $72,253,683

• 11 · Investments: publicly traded securities

  beginning of year $77,259,824 · end of year $52,110,179

• 12 · Investments: other securities

  beginning of year $21,039,137 · end of year $49,385,122

• 15 · Other assets

  beginning of year $7,911,346 · end of year $8,597,056

• 17 · Accounts payable and accrued expenses

  beginning of year $1,417,289 · end of year $3,221,462

• 18 · Grants payable

  beginning of year $885,888 · end of year $483,289

• 19 · Deferred revenue

  beginning of year $78,305 · end of year $167,161

• 23 · Secured mortgages and notes payable

  beginning of year $34,016,802 · end of year $38,587,760

• 25 · Other liabilities

  beginning of year $3,065,529 · end of year $3,125,335

• 27 · Net assets without donor restrictions

  beginning of year $26,908,734 · end of year $26,875,317

• 28 · Net assets with donor restrictions

  beginning of year $127,366,845 · end of year $135,340,334

The filer's explanations (Part III)

PART I, LINE 1A

IRS INSTRUCTIONS TO FORM 990 REQUIRE THAT THE FAIR MARKET VALUE OF HOUSING PROVIDED TO EMPLOYEES BY THEIR EMPLOYER BE REPORTED ON FORM 990, PART VII, SECTION A AND SCHEDULE J, PART II (WHETHER OR NOT THE VALUE IS DEEMED TAXABLE). AS A CONDITION OF EMPLOYMENT, THE PRESIDENT OF RIPON COLLEGE IS REQUIRED TO RESIDE IN THE RESIDENCE ON THE CAMPUS PREMISES. THE RESIDENCE SERVES BOTH AS A PERSONAL RESIDENCE AS WELL AS A VENUE FOR THE REGULAR CARRYING ON OF COLLEGE BUSINESS. THE COLLEGE HAS DETERMINED THAT THE VALUE OF THE USE OF THIS PERSONAL-RESIDENCE IS NOT CONSIDERED TAXABLE INCOME TO THE PRESIDENT AS PROVIDED FOR IN INTERNAL REVENUE CODE 119. FOR FISCAL YEAR 2024, THE VALUE OF THE PRESIDENT'S USE OF THE RESIDENCE IS CONSERVATIVELY ESTIMATED TO BE $33,480. THIS ESTIMATE VALUE IS BASED ON AN ESTIMATED MONTHLY RENTAL VALUE OF THE RESIDENCE OF $2,790/MONTH INCLUDING UTILITIES TOTALING $33,480 ANNUALLY.

Related corporations and trusts

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

• PERPETUAL TRUSTS (2)

  SUPPORT · WI · controlled entity

  Directly controlled by RIPON COLLEGE

• CHARITABLE GIFT ANNUITIES (6)

  SUPPORT · WI · controlled entity

  Directly controlled by RIPON COLLEGE

• CHARITABLE REMAINDER TRUST (1)

  SUPPORT · WI · controlled entity

  Directly controlled by RIPON COLLEGE