Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $73,300

• 1e · Government grants (contributions)

  $2,473,680

• 1f · All other contributions, gifts and grants

  $3,876,120

• 1g · Noncash contributions included above

  $806,468

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

  total $44,608,056 · related or exempt $44,608,056

• 2b · Program service revenue: AUXILARY SERVICES

  total $7,086,204 · related or exempt $6,738,335 · unrelated business $347,869

• 3 · Investment income

  total $325,353 · excluded $325,353

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

  total $0

• 5 · Royalties

  total $0

• 6c · Rental income or loss

  real property $0 · personal property $0

• 6d · Net rental income or loss

  total $0

• 7a · Gross sales of assets other than inventory

  securities $5,785,906

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

  securities $6,131,220 · other assets $335,186

• 7c · Gain or loss

  securities -$345,314 · other assets -$335,186

• 7d · Net gain or loss

  total -$680,500 · excluded -$680,500

• 8a · Fundraising events: gross income

  $7,020

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

  $73,300

• 8b · Fundraising events: direct expenses

  $40,696

• 8c · Net income from fundraising events

  total -$33,676 · excluded -$33,676

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $500,548

• 10b · Cost of goods sold

  $438,115

• 10c · Net income from sales of inventory

  total $62,433 · related or exempt $62,433

• 11a · Other revenue: OTHER REVENUE

  total $95 · related or exempt $95

• 11e · Other revenue, total

  $95

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $0

• 2 · Grants to domestic individuals

  total $15,758,938 · program services $15,758,938

• 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 $497,280 · program services $422,688 · management and general $64,646 · fundraising $9,946

• 6 · Compensation of disqualified persons

  total $80,224 · program services $68,190 · management and general $10,429 · fundraising $1,605

• 7 · Other salaries and wages

  total $15,795,763 · program services $13,426,399 · management and general $2,053,449 · fundraising $315,915

• 8 · Pension plan contributions

  total $653,325 · program services $555,326 · management and general $84,932 · fundraising $13,067

• 9 · Other employee benefits

  total $2,130,873 · program services $1,811,242 · management and general $277,014 · fundraising $42,617

• 10 · Payroll taxes

  total $1,231,799 · program services $1,047,029 · management and general $160,134 · fundraising $24,636

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $55,619 · management and general $55,619

• 11c · Fees: accounting

  total $106,775 · management and general $106,775

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $0

• 11f · Fees: investment management

  total $27,861 · management and general $27,861

• 11g · Fees: other

  total $991,116 · program services $842,449 · management and general $128,845 · fundraising $19,822

• 12 · Advertising and promotion

  total $4,509,321 · program services $3,832,923 · management and general $586,212 · fundraising $90,186

• 13 · Office expenses

  total $3,259,107 · program services $2,770,241 · management and general $423,684 · fundraising $65,182

• 14 · Information technology

  total $0

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $4,405,448 · program services $3,744,631 · management and general $572,708 · fundraising $88,109

• 17 · Travel

  total $2,201,120 · program services $1,870,952 · management and general $286,146 · fundraising $44,022

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $276,246 · program services $234,809 · management and general $35,912 · fundraising $5,525

• 20 · Interest

  total $554,984 · program services $554,984

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $2,342,632 · program services $2,342,632

• 23 · Insurance

  total $505,964 · program services $430,069 · management and general $75,895

• 24a · Other expenses: DINING SERVICES

  total $2,082,572 · program services $2,082,572

• 24b · Other expenses: BAD DEBT

  total $124,999 · program services $124,999

• 24c · Other expenses: EQUIPMENT

  total $1,793,727 · program services $1,793,727

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,500 · end of year $6,300

• 2 · Savings and temporary cash investments

  beginning of year $31,205,941 · end of year $24,282,491

• 3 · Pledges and grants receivable

  beginning of year $6,345,242 · end of year $5,623,573

• 4 · Accounts receivable

  beginning of year $1,220,937 · end of year $3,814,096

• 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 $717,087 · end of year $273,249

• 8 · Inventories for sale or use

  beginning of year $23,465 · end of year $21,953

• 9 · Prepaid expenses and deferred charges

  beginning of year $734,072 · end of year $1,019,885

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

  $110,723,416

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

  $54,173,591

• 10c · Land, buildings and equipment, net

  beginning of year $56,789,526 · end of year $56,549,825

• 11 · Investments: publicly traded securities

  beginning of year $22,239,042 · end of year $22,164,919

• 12 · Investments: other securities

  beginning of year $205,385 · end of year $205,385

• 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 $1,498,396 · end of year $2,717,968

• 17 · Accounts payable and accrued expenses

  beginning of year $4,687,145 · end of year $1,919,364

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $2,449,449 · end of year $2,404,885

• 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 $19,268,048 · end of year $18,468,798

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $3,681,186 · end of year $3,830,531

• 27 · Net assets without donor restrictions

  beginning of year $61,432,208 · end of year $60,420,678

• 28 · Net assets with donor restrictions

  beginning of year $29,468,557 · end of year $29,635,388

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

THE PRESIDENT RESIDES IN A UNIVERSITY OWNED HOUSE. THE HOUSING IS NONTAXABLE DUE TO THE FACT THAT IT IS REQUIRED AS A CONDITION OF EMPLOYMENT, THE HOME IS LOCATED ON CAMPUS, AND THE HOME IS USED FOR BUSINESS EVENTS. WEEKLY CLEANING SERVICES ARE PROVIDED FOR THE HOME. THE PRESIDENT AND EXECUTIVE VICE PRESIDENT ARE PROVIDED A COUNTRY CLUB MEMBERSHIP BY THE UNIVERSITY. EMPLOYEES ARE TAXED FOR PERSONAL USE OF THE DUES. DUES ARE ROUTINELY PAID FOR COMMUNITY AND PROFESSIONAL ORGANIZATIONS FOR OFFICERS AND OTHER EMPLOYEES.