Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $744,161

• 2a · Program service revenue: Tuition

  total $20,441,179 · related or exempt $20,441,179

• 2b · Program service revenue: Other Income

  total $185,105 · related or exempt $185,105

• 3 · Investment income

  total $1,493 · excluded $1,493

• 6a · Gross rents

  real property $145,488

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $145,488

• 6d · Net rental income or loss

  total $145,488 · related or exempt $145,488

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

  securities $168

• 7c · Gain or loss

  securities -$168

• 7d · Net gain or loss

  total -$168 · unrelated business -$168

• 10a · Gross sales of inventory

  $143,285

• 10b · Cost of goods sold

  $7,261

• 10c · Net income from sales of inventory

  total $136,024 · related or exempt $136,024

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,674,159 · program services $2,674,159

• 7 · Other salaries and wages

  total $9,798,192 · program services $8,645,546 · management and general $846,923 · fundraising $305,723

• 8 · Pension plan contributions

  total $296,849 · program services $262,513 · management and general $27,212 · fundraising $7,124

• 9 · Other employee benefits

  total $1,100,705 · program services $967,504 · management and general $101,477 · fundraising $31,724

• 10 · Payroll taxes

  total $705,610 · program services $631,973 · management and general $50,937 · fundraising $22,700

• 11b · Fees: legal

  total $15,403 · management and general $15,403

• 11c · Fees: accounting

  total $116,952 · management and general $116,952

• 11g · Fees: other

  total $1,996,827 · program services $1,785,411 · management and general $70,482 · fundraising $140,934

• 12 · Advertising and promotion

  total $334,109 · management and general $76,669 · fundraising $257,440

• 13 · Office expenses

  total $186,780 · program services $123,991 · management and general $51,536 · fundraising $11,253

• 14 · Information technology

  total $100,902 · program services $61 · management and general $82,431 · fundraising $18,410

• 16 · Occupancy

  total $1,941,571 · program services $1,595,080 · management and general $300,408 · fundraising $46,083

• 20 · Interest

  total $61,606 · management and general $61,606

• 22 · Depreciation, depletion and amortization

  total $1,661,191 · program services $1,528,296 · management and general $99,671 · fundraising $33,224

• 23 · Insurance

  total $294,315 · management and general $294,315

• 24a · Other expenses: Instructional Expense

  total $774,434 · program services $664,678 · management and general $74,090 · fundraising $35,666

• 24b · Other expenses: Food Service

  total $527,519 · program services $527,519

• 24c · Other expenses: Athletics

  total $385,523 · program services $380,824 · fundraising $4,699

• 24d · Other expenses: School Events

  total $148,095 · program services $82,605 · management and general $19,298 · fundraising $46,192

• 24e · All other expenses

  total $146,784 · program services $52,377 · management and general $90,546 · fundraising $3,861

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,204,704 · end of year $880,224

• 2 · Savings and temporary cash investments

  beginning of year $4,143,249 · end of year $3,821,208

• 3 · Pledges and grants receivable

  beginning of year $253,240 · end of year $225,435

• 4 · Accounts receivable

  beginning of year $3,212,189 · end of year $3,183,965

• 9 · Prepaid expenses and deferred charges

  beginning of year $185,388 · end of year $439,113

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

  $69,133,388

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

  $23,033,454

• 10c · Land, buildings and equipment, net

  beginning of year $45,111,988 · end of year $46,099,934

• 14 · Intangible assets

  end of year $178,785

• 15 · Other assets

  beginning of year $2,835 · end of year $1,485,649

• 17 · Accounts payable and accrued expenses

  beginning of year $740,530 · end of year $627,802

• 19 · Deferred revenue

  beginning of year $8,335,434 · end of year $9,458,191

• 25 · Other liabilities

  beginning of year $151,447 · end of year $677,611

• 27 · Net assets without donor restrictions

  beginning of year $43,263,800 · end of year $43,837,640

• 28 · Net assets with donor restrictions

  beginning of year $2,622,382 · end of year $1,713,069

The filer's explanations (Part III)

Part I, Line 3

The board of directors uses comparable data, including budgeting and industry standards, to establish appropriate and reasonable compensation packages for the Head of School. This process is utilized annually.