Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $553,552

• 1f · All other contributions, gifts and grants

  $1,209,522

• 1g · Noncash contributions included above

  $97,102

• 2a · Program service revenue: STUDENT TUITION AND FEES

  total $53,173,879 · related or exempt $53,173,879

• 2b · Program service revenue: AUXILIARY SERVICES

  total $2,763,372 · related or exempt $2,763,372

• 2c · Program service revenue: FEES/FINANCE CHARGES

  total $191,532 · related or exempt $191,532

• 3 · Investment income

  total $804,090 · excluded $804,090

• 6a · Gross rents

  real property $164,743

• 6b · Less rental expenses

  real property $26,399

• 6c · Rental income or loss

  real property $138,344

• 6d · Net rental income or loss

  total $138,344 · excluded $138,344

• 7a · Gross sales of assets other than inventory

  securities $10,826,890

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

  securities $8,321,318

• 7c · Gain or loss

  securities $2,505,572

• 7d · Net gain or loss

  total $2,505,572 · excluded $2,505,572

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $78,017 · excluded $78,017

• 11e · Other revenue, total

  $78,017

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $9,445,214 · program services $9,445,214

• 5 · Compensation of officers, directors and key employees

  total $2,605,368 · program services $2,039,606 · management and general $465,993 · fundraising $99,769

• 7 · Other salaries and wages

  total $24,450,414 · program services $22,676,666 · management and general $833,064 · fundraising $940,684

• 8 · Pension plan contributions

  total $1,291,089 · program services $1,193,137 · management and general $46,402 · fundraising $51,550

• 9 · Other employee benefits

  total $3,109,012 · program services $2,865,314 · management and general $122,333 · fundraising $121,365

• 10 · Payroll taxes

  total $1,853,913 · program services $1,695,894 · management and general $86,507 · fundraising $71,512

• 11b · Fees: legal

  total $145,006 · program services $8,700 · management and general $136,306

• 11c · Fees: accounting

  total $83,700 · management and general $83,700

• 11g · Fees: other

  total $482,112 · program services $173,994 · management and general $216,448 · fundraising $91,670

• 12 · Advertising and promotion

  total $8,825 · management and general $8,825

• 13 · Office expenses

  total $530,328 · program services $445,893 · management and general $42,087 · fundraising $42,348

• 14 · Information technology

  total $991,043 · program services $782,488 · management and general $162,903 · fundraising $45,652

• 16 · Occupancy

  total $983,533 · program services $893,461 · management and general $90,072

• 17 · Travel

  total $2,340,402 · program services $2,337,710 · management and general $1,346 · fundraising $1,346

• 20 · Interest

  total $665,634 · program services $494,694 · management and general $136,752 · fundraising $34,188

• 22 · Depreciation, depletion and amortization

  total $2,976,604 · program services $2,232,453 · management and general $595,321 · fundraising $148,830

• 23 · Insurance

  total $536,874 · program services $402,655 · management and general $107,375 · fundraising $26,844

• 24a · Other expenses: INSTRUCTIONAL EXPENSES

  total $3,368,197 · program services $3,368,197

• 24b · Other expenses: REPAIR AND MAINTENANCE

  total $978,608 · program services $869,718 · management and general $69,200 · fundraising $39,690

• 24c · Other expenses: SCHOOLWIDE EVENTS

  total $346,911 · program services $62,338 · fundraising $284,573

• 24d · Other expenses: PROFESSIONAL DEVELOPMEN

  total $290,703 · program services $261,633 · management and general $29,070

• 24e · All other expenses

  total $211,670 · program services $119,516 · management and general $91,665 · fundraising $489

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,768,328 · end of year $17,863,633

• 2 · Savings and temporary cash investments

  beginning of year $15,200,992 · end of year $190,331

• 3 · Pledges and grants receivable

  beginning of year $57,200 · end of year $35,000

• 4 · Accounts receivable

  beginning of year $251,998 · end of year $394,144

• 9 · Prepaid expenses and deferred charges

  beginning of year $553,476 · end of year $716,093

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

  $87,608,672

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

  $35,630,524

• 10c · Land, buildings and equipment, net

  beginning of year $50,680,161 · end of year $51,978,148

• 11 · Investments: publicly traded securities

  beginning of year $20,546,351 · end of year $24,985,206

• 15 · Other assets

  beginning of year $66,127 · end of year $426,896

• 17 · Accounts payable and accrued expenses

  beginning of year $3,428,313 · end of year $3,899,754

• 19 · Deferred revenue

  beginning of year $9,228,288 · end of year $9,829,337

• 20 · Tax-exempt bond liabilities

  beginning of year $25,859,443 · end of year $26,912,360

• 23 · Secured mortgages and notes payable

  beginning of year $1,909,021 · end of year $1,880,356

• 25 · Other liabilities

  beginning of year $17,235 · end of year $337,899

• 27 · Net assets without donor restrictions

  beginning of year $43,399,718 · end of year $45,785,758

• 28 · Net assets with donor restrictions

  beginning of year $7,282,615 · end of year $7,943,987

The filer's explanations (Part III)

PART I, LINE 1A

AS A CONDITION OF HER EMPLOYMENT, LISA WALLER, THE HEAD OF SCHOOL, MUST MAINTAIN A RESIDENCE WITHIN WALKING DISTANCE OF THE SCHOOL. THE SCHOOL PROVIDED HER WITH A HOUSING ALLOWANCE IN THE AMOUNT OF $120,000 WHICH WAS TREATED AS A NON-TAXABLE BENEFIT. LISA WALLER ALSO RECEIVED A GROSS-UP PAYMENT INCLUDED IN HER W-2.

PART I, LINE 4B

LISA WALLER, HEAD OF SCHOOL, PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT UNDER IRC 457(F). THE SCHOOL CONTRIBUTED $15,000 TO HER DURING CALENDAR YEAR 2022.