Mcpherson College

“Mcpherson college's endowment fund is intended to provide an invested principal from which earnings can be drawn to ensure income for scholarships for students and other board-designated spending as needed to enhance the educational experience we strive to provide.”

“Fasb asc topic 740, income taxes related to uncertain tax positions, prescribes a recognition threshold and measurement attributable for financial statement recognition of uncertain tax positions taken or expected to be taken in a tax return. The college did not have any material uncertain tax positions as of june 30, 2025 and 2024. Tax years with open statutes of limitations are 2022 and forward.”

“Change in value split interest agreement -34,481 depreciation on investment assets -146,388”

“Bookstore cogs -104,460 rental expenses -7,385 scholarships and grants 20,890,883”

“Scholarships and grants 20,890,883 bookstore cogs -104,460 rental expenses -7,385”

“Mcpherson college received a commitment for a historic 1 billion endowment estate gift after completing a double match challenge. The mcpherson college board of trustees voted unanimously to name the mcpherson college endowment after two late alumni and professors at mcpherson college, drs. John ward and john burkholder. The donor agreement provides the flexibility for the anonymous donor to pay out over time, or it is all paid in full upon the donor's death, which is the latest time at which mcpherson college would have access to the anonymous donor's 1 billion. Most other gifts to meet the challenge will come over time as part of estate commitments. Subsequent to the close of the fiscal year, mcpherson college liquidated an investment property for proceeds totaling less than its previously reported carrying value. This subsequent event provided objective evidence of a decline in fair market value that existed as of the balance sheet date. A 938,460 unrealized loss is included in these financial statements to accurately reflect the property's net realizable value. Due to other unrealized gains, total net unrealized losses for the fiscal year were 604,800. Due to software limitations, a placeholder date of 01/01/2000 was used for the date of acquisition for the sale of capital assets and fixed assets. A placeholder date of 6/30/2025 was used for the date of disposition for the sale of capital assets and fixed assets. The actual acquisition and disposition dates for these items are 'various- and are maintained in the organization's internal records.”