Totals
- Total revenue
- $22,859,864
- Total expenses
- $15,716,046
- Contributions and grants received
- $7,609,166
- Grants paid
- $4,943,787
- Program service revenue
- $12,316,410
- Investment income
- $2,643,345
- Other revenue
- $290,943
- Total assets, end of year
- $85,092,924
- Total liabilities, end of year
- $7,006,648
- Net assets or fund balances, end of year
- $78,086,276
- Program services expenses (Part IX)
- $13,129,255
- Management and general expenses
- $1,955,236
- Fundraising expenses
- $631,555
- Program service expenses (Part III)
- $13,129,255
Program services were 83.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$7,609,166
-
1g · Noncash contributions included above
$637,837
-
2a · Program service revenue: TUITION AND FEES
total $11,909,912 · related or exempt $11,909,912
-
2b · Program service revenue: INSTRUCTIONAL PROGRAMS
total $406,498 · related or exempt $406,498
-
3 · Investment income
total $821,221 · excluded $821,221
-
6a · Gross rents
real property $59,430
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $59,430
-
6d · Net rental income or loss
total $59,430 · related or exempt $59,430
-
7a · Gross sales of assets other than inventory
securities $28,846,789 · other assets $818
-
7b · Less cost or other basis and sales expenses
securities $27,025,445 · other assets $38
-
7c · Gain or loss
securities $1,821,344 · other assets $780
-
7d · Net gain or loss
total $1,822,124 · excluded $1,822,124
-
10a · Gross sales of inventory
$112,825
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $112,825 · excluded $112,825
-
11a · Other revenue: ADMINISTRATIVE INCOME
total $61,817 · related or exempt $61,817
-
11b · Other revenue: OTHER PLANT INCOME
total $56,871 · related or exempt $56,871
-
11e · Other revenue, total
$118,688
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $4,943,787 · program services $4,943,787
-
5 · Compensation of officers, directors and key employees
total $338,000 · program services $338,000
-
7 · Other salaries and wages
total $3,714,005 · program services $2,399,248 · management and general $947,837 · fundraising $366,920
-
8 · Pension plan contributions
total $287,420 · program services $170,662 · management and general $92,921 · fundraising $23,837
-
9 · Other employee benefits
total $390,825 · program services $239,516 · management and general $128,945 · fundraising $22,364
-
10 · Payroll taxes
total $310,169 · program services $213,189 · management and general $69,121 · fundraising $27,859
-
11b · Fees: legal
total $3,245 · management and general $3,245
-
11c · Fees: accounting
total $43,300 · management and general $43,300
-
11f · Fees: investment management
total $118,970 · management and general $118,970
-
11g · Fees: other
total $4,547 · management and general $4,547
-
13 · Office expenses
total $586,530 · program services $328,180 · management and general $183,019 · fundraising $75,331
-
16 · Occupancy
total $632,315 · program services $632,315
-
17 · Travel
total $88,865 · program services $38,431 · management and general $45,158 · fundraising $5,276
-
20 · Interest
total $48,329 · program services $48,329
-
22 · Depreciation, depletion and amortization
total $1,290,328 · program services $1,290,328
-
23 · Insurance
total $184,621 · program services $184,621
-
24a · Other expenses: SERVICES
total $1,518,070 · program services $1,401,445 · management and general $69,773 · fundraising $46,852
-
24b · Other expenses: EQUIPMENT RENTAL & MAIN
total $690,122 · program services $492,619 · management and general $197,503
-
24c · Other expenses: STUDENT ACTIVITIES
total $199,609 · program services $199,609
-
24d · Other expenses: INSTRUCTIONAL MATERIALS
total $106,384 · program services $106,384
-
24e · All other expenses
total $216,605 · program services $102,592 · management and general $50,897 · fundraising $63,116
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,503,787 · end of year $1,682,926
-
2 · Savings and temporary cash investments
beginning of year $5,167,008 · end of year $3,201,654
-
3 · Pledges and grants receivable
beginning of year $3,242,024 · end of year $5,093,336
-
4 · Accounts receivable
beginning of year $201,856 · end of year $368,210
-
8 · Inventories for sale or use
beginning of year $56,844 · end of year $81,683
-
9 · Prepaid expenses and deferred charges
beginning of year $50,730 · end of year $121,327
-
10a · Land, buildings and equipment: cost or other basis
$58,421,667
-
10b · Land, buildings and equipment: accumulated depreciation
$31,934,497
-
10c · Land, buildings and equipment, net
beginning of year $24,385,134 · end of year $26,487,170
-
12 · Investments: other securities
beginning of year $42,088,722 · end of year $47,512,251
-
15 · Other assets
beginning of year $530,764 · end of year $544,367
-
17 · Accounts payable and accrued expenses
beginning of year $962,287 · end of year $1,053,801
-
19 · Deferred revenue
beginning of year $3,883,582 · end of year $3,450,837
-
23 · Secured mortgages and notes payable
beginning of year $3,238,247 · end of year $2,501,210
-
25 · Other liabilities
beginning of year $800 · end of year $800
-
27 · Net assets without donor restrictions
beginning of year $59,276,267 · end of year $67,216,788
-
28 · Net assets with donor restrictions
beginning of year $9,865,686 · end of year $10,869,488
Mission and programs · 2022
Mission
TO PREPARE YOUNG MEN AND WOMEN FOR ACADEMIC SUCCESS IN COLLEGE, AND TO CHALLENGE AND INSPIRE THEM TO BE LEADERS FOR GOOD IN THE WORLD. WE SEEK TO DO THIS WITHIN A SMALL AND FAMILIAL RESIDENTIAL COMMUNITY WHICH VALUES THE MORAL AND SPIRITUAL DEVELOPMENT OF OUR STUDENTS.
Activities or mission (Part I)
A COLLEGE PREPARATORY SCHOOL AFFILIATED WITH THE EPISCOPAL CHURCH.
-
INSTRUCTION AND STUDENT ACTIVITIES
Expenses $4,951,379 · Revenue $12,378,227
-
FACILITIES MAINTENANCE
Expenses $3,234,089 · Revenue $116,301
-
FINANCIAL AID
Expenses $4,943,787 · Grants $4,943,787
As filed on the 2022 return.
Listed in Part VII
-
THE REV D STUART DUNNAN
HEADMASTER
- Total calculated
- $242,940
- From this org
- $192,355
- From related orgs
- $0
- Other
- $50,585
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $192,355
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $50,585
- Filer's total
- $242,940
-
STUART E TEACH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
BARBARA F DOLSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
OSAMA I FAROOQI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ANN C DAVIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID HEIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN B HOKE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MAULIK W JOSHI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
GEOFFREY P POHANKA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0.5
-
L LUDINGDON SELLS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ELIZABETH DAY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL E RUSS JR
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MARK A FULTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
EUGENE T SUTTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
ADAM G SHAMPAINE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
KAREN K BEARDSLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
GERARDO FERNANDEZ MENA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
TOD SALISBURY
VICE CHAIRMAN
- Total calculated
- $0
- Hours/week
- 0.5
-
DONA D YOUNG
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5
-
EDWARD HO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
MARIA KAROS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
JOSEPH S PAJER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
SABINA SPICHER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 0.5
-
WILLIAM WIVELL
BUSINESS MANAGER
- Total calculated
- $156,315
- From this org
- $141,589
- From related orgs
- $0
- Other
- $14,726
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $141,589
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $14,726
- Filer's total
- $156,315
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
None.
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 12 June 2024
- IRS schema version
- 2022v5.0
- Source object
- 202432219349301763
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