Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $47,615

• 1f · All other contributions, gifts and grants

  $3,835,319

• 1g · Noncash contributions included above

  $96,495

• 2a · Program service revenue: TUITION & FEE REVENUE

  total $21,496,329 · related or exempt $21,496,329

• 2b · Program service revenue: SUMMER PROGRAM REVENUE

  total $582,872 · related or exempt $582,872

• 2c · Program service revenue: PROGRAM SUPPORTING REV

  total $151,307 · related or exempt $151,307

• 2d · Program service revenue: OTHER OPERATING REVENU

  total $65,349 · related or exempt $65,349

• 3 · Investment income

  total $1,114,180 · excluded $1,114,180

• 7a · Gross sales of assets other than inventory

  securities $11,152,006 · other assets $33,125

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

  securities $8,350,860 · other assets $71,002

• 7c · Gain or loss

  securities $2,801,146 · other assets -$37,877

• 7d · Net gain or loss

  total $2,763,269 · related or exempt $2,763,269

• 8a · Fundraising events: gross income

  $9,950

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

  $47,615

• 8b · Fundraising events: direct expenses

  $24,969

• 8c · Net income from fundraising events

  total -$15,019 · excluded -$15,019

• 10a · Gross sales of inventory

  $326,635

• 10b · Cost of goods sold

  $323,582

• 10c · Net income from sales of inventory

  total $3,053 · excluded $3,053

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,983,550 · program services $5,983,550

• 5 · Compensation of officers, directors and key employees

  total $608,341 · management and general $608,341

• 7 · Other salaries and wages

  total $8,560,357 · program services $6,369,287 · management and general $1,203,887 · fundraising $987,183

• 8 · Pension plan contributions

  total $460,730 · program services $349,360 · management and general $58,472 · fundraising $52,898

• 9 · Other employee benefits

  total $990,923 · program services $713,257 · management and general $169,668 · fundraising $107,998

• 10 · Payroll taxes

  total $659,573 · program services $464,321 · management and general $124,947 · fundraising $70,305

• 11b · Fees: legal

  total $42,484 · management and general $42,484

• 11c · Fees: accounting

  total $59,673 · management and general $59,673

• 11f · Fees: investment management

  total $169,471 · management and general $169,471

• 11g · Fees: other

  total $221,285 · program services $90,408 · management and general $130,877

• 12 · Advertising and promotion

  total $189,388 · management and general $60,407 · fundraising $128,981

• 13 · Office expenses

  total $96,599 · management and general $96,599

• 14 · Information technology

  total $344,117 · program services $275,411 · management and general $49,075 · fundraising $19,631

• 16 · Occupancy

  total $1,131,335 · program services $993,954 · management and general $126,139 · fundraising $11,242

• 17 · Travel

  total $195,929 · management and general $77,087 · fundraising $118,842

• 19 · Conferences, conventions and meetings

  total $23,019 · management and general $23,019

• 20 · Interest

  total $317,151 · program services $278,639 · management and general $35,360 · fundraising $3,152

• 22 · Depreciation, depletion and amortization

  total $3,111,405 · program services $2,733,580 · management and general $346,907 · fundraising $30,918

• 23 · Insurance

  total $419,416 · program services $368,485 · management and general $46,763 · fundraising $4,168

• 24a · Other expenses: PHYSICAL PLANT

  total $784,504 · program services $689,240 · management and general $87,468 · fundraising $7,796

• 24b · Other expenses: FOOD SERVICE

  total $771,422 · program services $771,422

• 24c · Other expenses: OTHER EXPENSES

  total $499,550 · management and general $48,198 · fundraising $451,352

• 24d · Other expenses: INSTRUCTIONAL

  total $394,243 · program services $368,700 · management and general $25,543

• 24e · All other expenses

  total $688,353 · program services $515,464 · management and general $172,889

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,197,589 · end of year $1,348,289

• 2 · Savings and temporary cash investments

  beginning of year $2,495,659 · end of year $3,313,782

• 4 · Accounts receivable

  beginning of year $9,419,615 · end of year $9,250,325

• 8 · Inventories for sale or use

  beginning of year $86,172 · end of year $86,675

• 9 · Prepaid expenses and deferred charges

  beginning of year $358,064 · end of year $345,864

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

  $81,369,943

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

  $37,961,162

• 10c · Land, buildings and equipment, net

  beginning of year $44,886,269 · end of year $43,408,781

• 11 · Investments: publicly traded securities

  beginning of year $43,795,386 · end of year $52,826,115

• 15 · Other assets

  beginning of year $681,911 · end of year $791,969

• 17 · Accounts payable and accrued expenses

  beginning of year $958,675 · end of year $1,025,209

• 19 · Deferred revenue

  beginning of year $15,047,668 · end of year $15,015,043

• 20 · Tax-exempt bond liabilities

  beginning of year $15,633,668 · end of year $15,161,067

• 23 · Secured mortgages and notes payable

  beginning of year $66,577 · end of year $25,968

• 27 · Net assets without donor restrictions

  beginning of year $48,192,015 · end of year $51,629,332

• 28 · Net assets with donor restrictions

  beginning of year $24,022,062 · end of year $28,515,181

The filer's explanations (Part III)

PART I, LINE 1A

A CAMPUS RESIDENCE, OWNED BY NEW HAMPTON SCHOOL, WAS PROVIDED FOR PERSONAL USE AS A CONDITION OF EMPLOYMENT TO THE HEAD OF SCHOOL.