Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $295,895

• 1f · All other contributions, gifts and grants

  $44,375,273

• 2a · Program service revenue: TUITION

  total $2,032,629 · related or exempt $2,032,629

• 2b · Program service revenue: FOOD SERVICES

  total $8,035 · related or exempt $8,035

• 2c · Program service revenue: CLUB DUES AND FEES

  total $4,318 · related or exempt $4,318

• 3 · Investment income

  total $277,383 · excluded $277,383

• 6a · Gross rents

  real property $22,016

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $22,016

• 6d · Net rental income or loss

  total $22,016 · excluded $22,016

• 8a · Fundraising events: gross income

  $148,135

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

  $295,895

• 8b · Fundraising events: direct expenses

  $189,603

• 8c · Net income from fundraising events

  total -$41,468 · excluded -$41,468

• 10a · Gross sales of inventory

  $1,016

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $1,016 · related or exempt $1,016

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $100 · program services $100

• 5 · Compensation of officers, directors and key employees

  total $615,128 · program services $565,998 · management and general $30,066 · fundraising $19,064

• 7 · Other salaries and wages

  total $3,466,092 · program services $3,191,068 · management and general $168,209 · fundraising $106,815

• 8 · Pension plan contributions

  total $52,236 · program services $47,790 · management and general $2,736 · fundraising $1,710

• 9 · Other employee benefits

  total $519,881 · program services $475,628 · management and general $27,230 · fundraising $17,023

• 10 · Payroll taxes

  total $57,176 · program services $52,309 · management and general $2,995 · fundraising $1,872

• 11b · Fees: legal

  total $11,484 · program services $11,484

• 11c · Fees: accounting

  total $179,483 · management and general $179,483

• 11g · Fees: other

  total $348,217 · program services $317,669 · management and general $19,092 · fundraising $11,456

• 12 · Advertising and promotion

  total $98,289 · program services $98,289

• 13 · Office expenses

  total $78,440 · program services $70,948 · management and general $7,492

• 14 · Information technology

  total $101,721 · program services $100,163 · management and general $1,558

• 16 · Occupancy

  total $257,734 · program services $237,419 · management and general $12,426 · fundraising $7,889

• 17 · Travel

  total $18,525 · program services $18,525

• 22 · Depreciation, depletion and amortization

  total $99,922 · program services $91,994 · management and general $4,849 · fundraising $3,079

• 23 · Insurance

  total $54,354 · management and general $54,354

• 24a · Other expenses: PROGRAM EXPENSE

  total $144,646 · program services $144,646

• 24b · Other expenses: SUPPLIES

  total $90,209 · program services $88,290 · management and general $1,919

• 24c · Other expenses: FOOD SERVICE

  total $82,472 · program services $82,472

• 24d · Other expenses: DUES AND FEES

  total $62,104 · program services $53,523 · management and general $8,581

• 24e · All other expenses

  total $21,007 · program services $13,824 · management and general $6,955 · fundraising $228

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $856,501 · end of year $1,435,391

• 2 · Savings and temporary cash investments

  beginning of year $7,966,102 · end of year $3,524,128

• 4 · Accounts receivable

  beginning of year $385,256 · end of year $37,095

• 9 · Prepaid expenses and deferred charges

  beginning of year $0 · end of year $853

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

  $87,974,232

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

  $516,617

• 10c · Land, buildings and equipment, net

  beginning of year $43,198,670 · end of year $87,457,615

• 13 · Investments: program-related

  beginning of year $155,013 · end of year $117,573

• 17 · Accounts payable and accrued expenses

  beginning of year $3,963,433 · end of year $3,371,269

• 19 · Deferred revenue

  beginning of year $218,318 · end of year $172,168

• 27 · Net assets without donor restrictions

  beginning of year $48,379,791 · end of year $89,029,218

The filer's explanations (Part III)

PART I, LINE 4A

PAUL HARRELL SEVERANCE PAY - $90,298 SEVERANCE HEALTH, DENTAL, AND VISION: 14,334

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• ARETE VENTURES LLC

  TO DIRECT AND MANAGE CONSTRUCTION OF A NEW SCHOOL CAMPUS. · WY · income $40,265,388 · assets $91,292,230

  Directly controlled by JACKSON HOLE CLASSICAL ACADEMY