Civic Intelligence

Newman University Inc

EIN 48-0556716 • 501(c)3 • Wichita, KS

Profile

We are a catholic university named for saint john henry newman and founded by the adorers of the blood of christ for the purpose of empowering graduates to transform society. Our core values (see schedule o for continuation)

3100 Mccormick AveWichita, KS 67213-2097

www.newmanu.edu

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

52nd percentile

0.27x

Higher debt load relative to assets than 52% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

56th percentile

0.43x

Higher debt load relative to revenue than 56% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

22nd percentile

-4.2%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

35th percentile

$268,474

Higher top officer pay than 35% of similar nonprofits.

Top officer pay equals 0.6% of source-year revenue.

501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

23rd percentile

-0.8%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Revenue Growth

37th percentile

2.6%

Faster revenue growth than 37% of similar nonprofits.

501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2024

Assets

Down

$68,218,956

Down $193,545 (-0.3%) from 2023

Liabilities

Down

$18,294,055

Down $200,649 (-1.1%) from 2023

Net Assets

Up

$49,924,901

Up $7,104 (+0.0%) from 2023

Revenue

Up

$43,037,694

Up $2,034,120 (+5.0%) from 2023

Expenses

Up

$44,828,406

Up $1,216,149 (+2.8%) from 2023

Net Income

Up

-$1,790,712

Up $817,971 (+31%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80M$60M$40M$20M$0Assets 2010: $60,580,724Liabilities 2010: $26,985,119Net Assets 2010: $33,595,6052010Assets 2011: $62,644,279Liabilities 2011: $27,136,727Net Assets 2011: $35,507,5522011Assets 2012: $61,695,506Liabilities 2012: $24,905,765Net Assets 2012: $36,789,7412012Assets 2013: $63,255,048Liabilities 2013: $24,908,171Net Assets 2013: $38,346,8772013Assets 2014: $70,126,750Liabilities 2014: $24,044,500Net Assets 2014: $46,082,2502014Assets 2015: $73,260,539Liabilities 2015: $24,200,642Net Assets 2015: $49,059,8972015Assets 2016: $76,260,917Liabilities 2016: $23,247,678Net Assets 2016: $53,013,2392016Assets 2017: $79,071,632Liabilities 2017: $23,926,358Net Assets 2017: $55,145,2742017Assets 2018: $75,125,754Liabilities 2018: $21,112,950Net Assets 2018: $54,012,8042018Assets 2019: $71,872,821Liabilities 2019: $20,285,907Net Assets 2019: $51,586,9142019Assets 2020: $79,433,180Liabilities 2020: $27,464,964Net Assets 2020: $51,968,2162020Assets 2021: $76,604,800Liabilities 2021: $17,853,839Net Assets 2021: $58,750,9612021Assets 2022: $69,272,757Liabilities 2022: $17,104,161Net Assets 2022: $52,168,5962022Assets 2023: $68,412,501Liabilities 2023: $18,494,704Net Assets 2023: $49,917,7972023Assets 2024: $68,218,956Liabilities 2024: $18,294,055Net Assets 2024: $49,924,9012024

Highlighted filing

2024

Assets$68,218,956
Liabilities$18,294,055
Net Assets$49,924,901

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $30,128,5232010Expenses 2011: $33,087,4932011Expenses 2012: $34,714,8372012Expenses 2013: $37,226,3632013Revenue 2014: $44,679,175Expenses 2014: $39,000,821Net Income 2014: $5,678,3542014Revenue 2015: $43,163,418Expenses 2015: $39,193,466Net Income 2015: $3,969,9522015Revenue 2016: $44,720,081Expenses 2016: $40,016,150Net Income 2016: $4,703,9312016Revenue 2017: $41,919,450Expenses 2017: $41,063,396Net Income 2017: $856,0542017Revenue 2018: $43,538,898Expenses 2018: $43,826,260Net Income 2018: -$287,3622018Revenue 2019: $41,568,857Expenses 2019: $43,372,034Net Income 2019: -$1,803,1772019Revenue 2020: $42,694,112Expenses 2020: $41,737,334Net Income 2020: $956,7782020Revenue 2021: $43,383,966Expenses 2021: $42,589,264Net Income 2021: $794,7022021Revenue 2022: $40,918,190Expenses 2022: $42,589,936Net Income 2022: -$1,671,7462022Revenue 2023: $41,003,574Expenses 2023: $43,612,257Net Income 2023: -$2,608,6832023Revenue 2024: $43,037,694Expenses 2024: $44,828,406Net Income 2024: -$1,790,7122024

Highlighted filing

2024

Revenue$43,037,694
Expenses$44,828,406
Net Income-$1,790,712

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$68.2$18.3$49.9$43.0$44.8$1.79
2023Detailed filing. Detailed filing data is available for this year.$68.4$18.5$49.9$41.0$43.6$2.61
2022Detailed filing. Detailed filing data is available for this year.$69.3$17.1$52.2$40.9$42.6$1.67
2021Detailed filing. Detailed filing data is available for this year.$76.6$17.9$58.8$43.4$42.6$0.79
2020Detailed filing. Detailed filing data is available for this year.$79.4$27.5$52.0$42.7$41.7$0.96
2019Detailed filing. Detailed filing data is available for this year.$71.9$20.3$51.6$41.6$43.4$1.80
2018Detailed filing. Detailed filing data is available for this year.$75.1$21.1$54.0$43.5$43.8$0.29
2017Detailed filing. Detailed filing data is available for this year.$79.1$23.9$55.1$41.9$41.1$0.86
2016Detailed filing. Detailed filing data is available for this year.$76.3$23.2$53.0$44.7$40.0$4.70
2015Detailed filing. Detailed filing data is available for this year.$73.3$24.2$49.1$43.2$39.2$3.97
2014Detailed filing. Detailed filing data is available for this year.$70.1$24.0$46.1$44.7$39.0$5.68
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$63.3$24.9$38.3$37.2
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$61.7$24.9$36.8$34.7
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$62.6$27.1$35.5$33.1
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$60.6$27.0$33.6$30.1
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 15, 2025
Return Version
2023v6.0
Gross Receipts
$45,375,587
Mission and Program Overview

Mission

We are a catholic university named for saint john henry newman and founded by the adorers of the blood of christ for the purpose of empowering graduates to transform society. Our core values (see schedule o for continuation)

Newman university is a catholic university named for saint john henry newman and founded by the adorers of the blood of christ for the purpose of empowering graduates to transform society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$38,762,991$38,582,295▼ $180,696
Investments Other Securities$25,714,360$25,504,558▼ $209,802
Accounts Receivable$1,051,183$1,312,455▲ $261,272
Prepaid Expenses and Deferred Charges$108,586$418,978▲ $310,392
Savings and Temporary Cash Investments$887,194$108,720▼ $778,474
Inventories for Sale or Use$20,330$28,158▲ $7,828
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$68,484,355$68,218,956▼ $265,399
Other Assets Total$1,939,711$2,263,792▲ $324,081
Liabilities
Tax Exempt Bond Liabilities$12,310,455$11,462,389▼ $848,066
Mortgage Notes Payable Secured by Investment Property$2,964,458$2,582,773▼ $381,685
Accounts Payable and Accrued Expenses$1,638,000$2,211,834▲ $573,834
Deferred Revenue$1,427,367$1,009,513▼ $417,854
Grants Payable-$788,459-
Other Liabilities$226,278$239,087▲ $12,809
Total Liabilities$18,566,558$18,294,055▼ $272,503
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$27,879,992$26,617,422▼ $1,262,570
Net Assets With Donor Restrictions$22,037,805$23,307,479▲ $1,269,674
Total Net Assets Fund Balance$49,917,797$49,924,901▲ $7,104
Total Liabilities and Net Assets / Fund Balance$68,484,355$68,218,956▼ $265,399

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$34,178,213$29,912,702$64,090,915
Equipment$2,436,883$5,916,108$8,352,991
Other Land Buildings$1,173,368$4,463,259$5,636,627
Land$793,831-$793,831
Other Securities$25,504,558--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$26,962,544$42,087▲ $2,936,178$2,574,721$26,927,451
2023$25,432,124$135,736▲ $2,634,405$750,493$26,962,544
2022$29,925,050$82,761▼ $3,452,691$612,769$25,432,124
2021$24,201,928$170,875▲ $6,612,947$613,642$29,925,050
2020$22,136,587$3,177,848▲ $168,914$823,046$24,201,928
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kathleen JaggerPresidentFT$253,423$15,051$268,474
Kimyatta BrentDirector of Dnap ProgramFT$185,555$10,010$195,565
Anthony BeataVP of Finance & AdministrationFT$133,081$58,889$191,970
Christine Schneikart-luebbeVice President of Enrollment ManagementFT$122,738$53,027$175,765
Peter StrubeAsst Director of Crna ProgramFT$129,143$14,582$143,725
John StoutVP of Academic AffairsFT$137,509$138$137,647
Jessica BirdDean of the School of EducationFT$125,839$7,441$133,280
Mary Beth GibsonExecutive AssistantFT$21,235$1,920$23,155

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Dondlinger ConstructionConstruction Services2656 S SHERICDAN ST, Wichita, KS 67217$682,824
Great Western Campus DiningFood ServicesPO BOX 699, Tipton, MO 65081$678,566
Eab Global INCEnrollment ServicesPO BOX 603519, Charlotte, NC 28260-3519$392,808
JenzabarSoftware Solutions181 S LIBERTY ST, Harisonburg, VA 22801$246,600
P1 Service LLCMaintenance11086 STRANG LINE RD, Lenexa, KS 66215$223,282
Revenue and Support

Revenue Composition

Contributions and Grants
$3,911,785
Program Service Revenue
$37,343,683
Investment Income
$1,214,731
Other Revenue
$567,495
All Other Contributions
$2,336,128
Change in Net Assets
$-1,790,712

Audited Revenue Reconciliation

Revenue per Audited Statements
$26,658,443
Revenue Not Reported on Financial Statements
$16,369,358
Revenue Not Reported on Form 990
$1,951,093
Other Revenue Adjustments
$16,369,358
Total Revenue per Audited Statements
$28,609,536
Total Revenue per Form 990
$43,027,801
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$16,302,906
Salaries, Compensation, and Employee Benefits$16,144,146
Other Expenses$12,381,354
Total Fundraising Expense$914,210
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$16,302,906--$16,302,906
Other Salaries and Wages$9,581,784$2,413,032$428,669$12,423,485
Fees for Services Other$2,217,636$560,737$0$2,778,373
Depreciation Depletion$1,935,496$481,953-$2,417,449
Other Employee Benefits$1,696,176$426,957$44,477$2,167,610
Occupancy$1,479,665$374,138-$1,853,803
Office Expenses$968,291$243,917$9,523$1,221,731
Payroll Taxes$674,180$170,469$30,591$875,240
Travel$631,812$141,280$65,792$838,884
All Other Expenses$385,230$12,154$299,177$696,561
Interest$509,095$128,726-$637,821
Insurance$453,220$114,598-$567,818
Information Technology$364,839$92,251-$457,090
Current Officers, Directors, Trustees, and Key Employees-$407,739-$407,739
Advertising$292,140$73,869$244$366,253
Pension Plan Contributions$206,806$52,291$10,975$270,072
Fees for Services Accounting$93,610$23,670-$117,280
Fees for Service Investment Mgmnt Fees-$66,452-$66,452
Fees for Services Legal$37,621$9,513-$47,134
Other Expenses$28,505$7,208$24,762$35,713
Total Functional Expenses$38,061,933$5,852,263$914,210$44,828,406

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$44,818,513
Total Expenses per Audited Statements$28,602,432
Expenses per Audited Statements$28,449,155
Expenses Not Reported on Financial Statements$16,369,358
Other Expense Adjustments$16,369,358
Expenses Not Reported on Form 990$153,277
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$84,959
Fundraising Gross Income$36,660
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Jet Open Golf Tournament$77,490$26,640$24,342$2,298
Party on the Plaza$167,345$10,020$6,616$3,404
Total Events$244,835$36,660$84,959$-48,299
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Asset Retirement Obligations$239,087

Bond Issues

BondIssuerIssuedIssue PricePurpose
BKansas Independent College Finance Authority2019-09-27$8,085,000Refund prior issue issued 09/27/19
AKansas Independent College Finance Authority2020-04-01$3,985,000Refund prior issue issued 9/27/19

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
B$8,085,000$7,922,835$1,735,000$162,165
A$3,985,000$3,905,750$880,000$79,250

Bond Financing Compliance

Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
Yes
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 15B PROCESS FOR DETERMINING COMPENSATION OF OTHER OFFICERS

For others hired, current market conditions are used in addition to comparison of published data in the chronicle of higher education and other professional journals for similar organizations.

Form 990, Part VI, Line 6 Classes of members or stockholders

The members of the corporation shall consist of the regional leader and the members of the regional council of the adorers of the blood of christ, united states region (adorers congregation) a public juridic person which is the canonical analogue of the adorers of the blood of christ, united states region, a missouri public benefit non-profit corporation (adorers corporation). Regional leader means the person with canonical authority for the governance of the adorers congregation. Regional council means the persons selected and approved according to the constitution who assist and advise the regional leader according to the requirements of canon law and the constitution of the adorers congregation and have the powers attributed to them in these bylaws. Constitution means the basic document which sets forth the norms and directives which govern the adorers congregation as promulgated by the general superior of the congregation on june 7, 1992, and as amended from time to time. The members of the corporation shall not be elected but rather serve ex officio by virtue of their appointment as regional leader and as members of the regional council of the adorers congregation, and their authority as members shall derive therefrom. A member who ceases to be regional leader or ceases to be a member of the regional council shall simultaneously cease to be a member of the corporation.

Form 990, Part VI, Line 7A Members or stockholders electing members of governing body

The regional leader and the regional council of the adorers of the blood of christ, united states (adorers congregation), being the members, have the right to approve all of newman university's board of trustees.

Form 990, Part VI, Line 7B Decisions requiring approval by members or stockholders

The following are subject to approval by members of the adorers governing body: (a) to approve, modify or disapprove the philosophy or charitable purpose of the corporation; (b) to approve, modify or disapprove the mission statement of the corporation; (c) to approve resolutions submitted by the board of trustees proposing amendments to the corporation's articles of incorporation and bylaws and to amend the articles and bylaws as the members deem appropriate from time to time; (d) to approve any mergers, consolidations or dissolution and the acquisition or creation of subsidiary corporations; (e) to approve the sale, purchase or encumbrance of real property; (f) to approve new indebtedness incurred by the corporation in excess of one million dollars ($1,000,000); (g) to approve the appointment and dismissal of the president of the corporation which decision will not be unreasonably withheld; (h) to approve successor trustees proposed by the trustees pursuant to article iii, section 2(f); (i) to remove immediately, with or without cause, any or all trustees upon written notice delivered to the registered office of the corporation; and (j) to approve an acting president of the corporation if other than the provost/vice president for academic affairs.

Form 990, Part VI, Line 11B Review of form 990 by governing body

An independent accounting firm prepares the form 990. The audit committee then reviews the complete form 990 and all required schedules, with the exception of schedule b - contributors. Any questions or concerns are addressed and any necessary changes are made. The form 990 and all required schedules, with the exception of schedule b - contributors, is then electronically provided to the entire governing body prior to filing. A public disclosure copy of schedule b is provided to the governing body in order to respect the wishes of contributors who would like to remain anonymous.

Form 990, Part VI, Line 12C Conflict of interest policy

Individuals (board members and officers) are required to notify the board each year of any conflict of interest issues. This is performed by completing a reporting form and is disclosed at the first board meeting of the year. Also, the vice president for finance and administration is charged with reporting to the board any business transactions between board members and newman university that exceed $25,000. The policy is specific on these points. The board is responsible for determining whether or not a transaction creates a conflict of interest. Once a potential conflict of interest has been identified, the board of trustees may take one or more of the following actions: (1) the trustee who is a covered person may inform the board of the conflict and recuse him or herself from participation in the discussion and refrain from voting on the agenda action item. (2) the board of trustees, after appropriate discussion and through a vote of the board, shall determine, on a situation by situation basis, if a conflict of interest for a financial transaction exists. The covered person may participate in the discussion but may not vote on the determination of whether a conflict of interest exists. If the board determines that a conflict of interest exists, the covered trustee shall be excluded from the discussion and from voting on the agenda action item. (3) in certain circumstances and where a conflict of interest was not reported by the covered person, the board of trustees may disallow a financial transaction, and/or sanction, remove or otherwise discipline the covered person/trustee. Such action, if deemed necessary, shall be accomplished in executive session by a vote of the board of trustees.

Form 990, Part VI, Line 15A Process to establish compensation of top management official

When determining the compensation of the president, newman university officials compare available salary levels published in the chronicle of higher education and kansas independent college association comparable (to the extent available) and other professional journals for similar data. A review of the form 990 of other similar organization is also considered. This process, including the opinion of consultants with academic search headquartered in washington, d.c., was last completed in our search process undertaken in 2020.

Form 990, Part VI, Line 19 Required documents available to the public

The organization's governing documents, conflicts of interest policy and financial statements are made available to the public upon request.

Form 990, Part VIII, Line 11D Other Miscellaneous Revenue

Other Revenue - Total Revenue: 554112, Related or Exempt Function Revenue: 554112, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Newman University Inc
EIN
48-0556716
Phone
3169424291
Address
3100 MCCORMICK AVE, WICHITA, KS 67213-2097

Signing Officer

Name
Anthony Beata
Title
VP of Finance & Administration
Phone
3169424291
Signed
2025-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
1933
Legal Domicile
Ks
Voting Board Members
30
Independent Board Members
29
Employees
715
Volunteers
29

Preparer

Firm
Forvis Mazars LLP
Address
1551 N Waterfront Pkwy Ste 300, Wichita, KS 67206-6601
Preparer
Michael Engle
Phone
3162652811
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 1 ORGANIZATION'S MISSION

Newman university's mission statement is grounded in the following core values: catholic identity ("we are a catholic university...) as a catholic institution of higher learning, newman finds guidance in ex corde ecclesiae and other teachings of the catholic church and draws nourishment from its relationships with surrounding catholic communities and dioceses. At the same time, our catholic identity is distinctively shaped by the influence both of our founders and sponsors, the adorers of the blood of christ, and of our namesake, the catholic theologian and educator saint john henry newman. From the adorers, we receive our special mission of developing and empowering our graduates to work for the betterment of society-a mission inspired by the adorer's own founder, saint maria demattias. From saint newman, we inherit our vision of the university as an institution that educates the whole person to seek the truth and to lead a meaningful and purposeful life. Finally, with a strong liberal arts foundation, our curriculum honors the richness and vitality of our catholic intellectual heritage while affirming the value of dialogue involving persons of varied cultures and religious traditions. Academic excellence (...named for saint john henry newman...) following the ideals of saint newman, we seek to educate the whole person. A firm grounding in the liberal arts strengthens all our programs and instills habits of lifelong learning that will accompany graduates as they pursue a variety of personal, academic, and professional goals. Newman's faculty strives to utilize best practices in instruction, the insights derived from scholarly research, and a culture of assessment to promote classroom and program improvement, while the small college atmosphere of newman facilitates the development of an active, dynamic learning community. In addition, newman university has a special mission-to make an environment of academic excellence available to a diverse range of students and to empower those students, through the education we provide, to transform the world. In sum, it is the development of the intellectual, moral, and spiritual capabilities of the entire university community combined with our collective dedication to the promotion of peace and social justice that characterizes academic excellence at newman university. Culture of service (...and founded by the adorers of the blood of christ...) the passion to serve others is integral to the missions of both newman university and the adorers of the blood of christ. We actualize this mandate by fostering a distinctive culture of service in which each member of the community is encouraged to find personally fulfilling ways of growing through giving. Manifestly, gifts of time and talent are visible symbols of our commitment to transforming the human condition, while inwardly, service is also transformative for the student who successfully develops a critical consciousness that hungers and thirsts for justice and peace. Through our christ-centered humanitarian commitment to serving the underserved, we honor that common mission which we share with our founders and sponsors, namely that of developing and empowering people. Global perspective (...for the purpose of empowering graduates to transform society.") newman university is committed to promoting an interdependent global perspective formed by a critical consciousness that hungers and thirsts for justice and peace. More than just an awareness of other cultures, such a perspective affirms the interdependent nature of all of creation. At the same time, it speaks to the ideal of the educated person in the modern world: a person who possesses a strong sense of self yet embraces difference; a person who not only seeks knowledge but effectively applies it; a person of wide vision who remains well grounded. To this end, we seek to engage a diverse array of students in outstanding educational experiences designed to cultivate the knowledge, skills,

Financial Statement Notes

Schedule D, Part III, Line 1A

Collections of works of art, historical treasures and similar assets are not capitalized in as much as the items are preserved and cared for continuously. Contributions of collection items are not reported in the financial statements. Proceeds from disposal of and insurance recoveries related to collection items are reported as increases in the appropriate net asset classes. The university's collections consist of approximately 50 small sculptures and various paintings. They are subject to a policy that requires proceeds from the disposition of collection items to be used to acquire other collection items. No collection items were sold or removed in the year ended june 30, 2023.

Schedule D, Part X, Line 2

Management has evaluated their income tax positions under the guidance included in asc 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Schedule D, Part III, Line 4 Collections of art - description of collections

The university's collections consist of approximately 50 small sculptures and various paintings. The art collections enhance the art and religious programs of the university.

Schedule D, Part V, Line 4 Intended uses of endowment funds

The intended use of the organization's endowment funds is to underwrite scholarships and educational activities.

Schedule D, Part XI, Line 2(D) Other revenues in audited financial statements not in form 990

Rental Expenses - 68318 Fundraising Expenses - 84959

Schedule D, Part XI, Line 4(B) Other revenues in form 990 not in audited financial statements

Scholarships - 16302906 Investment Management Fees - 66452

Schedule D, Part XII, Line 2(D) Other expenses in audited financial statements not in form 990

Rental Expenses - 68318 Fundraising Expneses - 84959

Schedule D, Part XII, Line 4(B) Other expenses in form 990 not in audited financial statements

Scholarships - 16302906 Investment Management Fees - 66452

Raw XML AppendixShowing 400 of 1,189 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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