Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $137,814

• 1e · Government grants (contributions)

  $4,338,114

• 1f · All other contributions, gifts and grants

  $3,900,053

• 1g · Noncash contributions included above

  $181,668

• 2a · Program service revenue: TUITION & FEES

  total $30,687,301 · related or exempt $30,687,301

• 2b · Program service revenue: CAFETERIA SALES/ LUNCH

  total $1,333,394 · related or exempt $1,333,394

• 2c · Program service revenue: LOWER SCHOOL AFTER CARE PROGRAMS

  total $348,649 · related or exempt $348,649

• 2d · Program service revenue: SQUASH PROGRAM

  total $297,985 · related or exempt $297,985

• 2e · Program service revenue: SUMMER ENRICHMENT CAMP

  total $158,712 · related or exempt $158,712

• 2f · All other program service revenue

  total $126,473 · related or exempt $126,473

• 3 · Investment income

  total $2,145,687 · excluded $2,145,687

• 6a · Gross rents

  real property $157,972

• 6b · Less rental expenses

  real property $185,299

• 6c · Rental income or loss

  real property -$27,327

• 6d · Net rental income or loss

  total -$27,327 · excluded -$27,327

• 7a · Gross sales of assets other than inventory

  securities $15,504,221

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

  securities $14,328,528

• 7c · Gain or loss

  securities $1,175,693

• 7d · Net gain or loss

  total $1,175,693 · excluded $1,175,693

• 8a · Fundraising events: gross income

  $0

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

  $137,814

• 8b · Fundraising events: direct expenses

  $71,265

• 8c · Net income from fundraising events

  total -$71,265 · excluded -$71,265

• 10a · Gross sales of inventory

  $171,834

• 10b · Cost of goods sold

  $180,096

• 10c · Net income from sales of inventory

  total -$8,262 · excluded -$8,262

• 11a · Other revenue: TUTORING

  total $102,290 · related or exempt $102,290

• 11b · Other revenue: SUMMER SPORTS CAMP

  total $35,500 · related or exempt $35,500

• 11c · Other revenue: BOOKFAIR

  total $3,744 · related or exempt $3,744

• 11d · All other revenue

  total $218,959 · excluded $218,959

• 11e · Other revenue, total

  $360,493

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $7,953,967 · program services $7,953,967

• 5 · Compensation of officers, directors and key employees

  total $1,036,449 · management and general $1,036,449

• 7 · Other salaries and wages

  total $17,135,476 · program services $15,145,842 · management and general $1,138,086 · fundraising $851,548

• 8 · Pension plan contributions

  total $868,888 · program services $802,350 · management and general $21,427 · fundraising $45,111

• 9 · Other employee benefits

  total $2,744,949 · program services $2,404,095 · management and general $208,746 · fundraising $132,108

• 10 · Payroll taxes

  total $1,256,496 · program services $1,110,601 · management and general $83,453 · fundraising $62,442

• 11b · Fees: legal

  total $140,981 · program services $122,962 · management and general $11,106 · fundraising $6,913

• 11c · Fees: accounting

  total $34,914 · program services $30,452 · management and general $2,750 · fundraising $1,712

• 11f · Fees: investment management

  total $189,307 · management and general $189,307

• 11g · Fees: other

  total $118,893 · program services $103,697 · management and general $9,366 · fundraising $5,830

• 12 · Advertising and promotion

  total $144,649 · program services $126,161 · management and general $11,395 · fundraising $7,093

• 13 · Office expenses

  total $1,045,024 · program services $919,614 · management and general $115,507 · fundraising $9,903

• 14 · Information technology

  total $687,442 · program services $601,627 · management and general $52,891 · fundraising $32,924

• 16 · Occupancy

  total $2,001,691 · program services $1,745,849 · management and general $157,685 · fundraising $98,157

• 17 · Travel

  total $445,817 · program services $435,843 · management and general $7,539 · fundraising $2,435

• 20 · Interest

  total $596,601 · program services $520,347 · management and general $46,998 · fundraising $29,256

• 22 · Depreciation, depletion and amortization

  total $2,833,098 · program services $2,470,991 · management and general $223,180 · fundraising $138,927

• 23 · Insurance

  total $344,027 · program services $300,056 · management and general $27,101 · fundraising $16,870

• 24a · Other expenses: LUNCHES

  total $884,294 · program services $771,270 · management and general $69,661 · fundraising $43,363

• 24b · Other expenses: ATHLETIC EXPENSE

  total $353,581 · program services $353,581

• 24c · Other expenses: AUXILLARY

  total $289,575 · program services $289,575

• 24d · Other expenses: BOARD CONTINGENCY

  total $241,889 · management and general $241,889

• 24e · All other expenses

  total $889,248 · program services $682,356 · management and general $29,456 · fundraising $177,436

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,943,372 · end of year $2,320,541

• 2 · Savings and temporary cash investments

  beginning of year $13,523,718 · end of year $10,036,597

• 3 · Pledges and grants receivable

  beginning of year $236,600 · end of year $509,887

• 4 · Accounts receivable

  beginning of year $31,413 · end of year $42,227

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,068,187 · end of year $12,854,088

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

  $93,806,956

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

  $57,954,232

• 10c · Land, buildings and equipment, net

  beginning of year $38,470,940 · end of year $35,852,724

• 11 · Investments: publicly traded securities

  beginning of year $42,283,604 · end of year $43,409,507

• 12 · Investments: other securities

  beginning of year $2,504,324 · end of year $2,738,779

• 15 · Other assets

  beginning of year $205,505 · end of year $197,469

• 17 · Accounts payable and accrued expenses

  beginning of year $3,985,012 · end of year $3,246,481

• 19 · Deferred revenue

  beginning of year $2,147,518 · end of year $2,273,327

• 23 · Secured mortgages and notes payable

  beginning of year $19,030,970 · end of year $18,617,579

• 25 · Other liabilities

  beginning of year $187,088 · end of year $270,198

• 27 · Net assets without donor restrictions

  beginning of year $46,718,758 · end of year $49,669,148

• 28 · Net assets with donor restrictions

  beginning of year $31,198,317 · end of year $33,885,086

The filer's explanations (Part III)

PART I, LINE 1A

THE HEADMASTER OF THE SCHOOL IS PROVIDED WITH ON-CAMPUS HOUSING. THE HOUSING IS A CONDITION OF HIS EMPLOYMENT AND NOT PART OF HIS TAXABLE INCOME.

PART I, LINE 4A

PER CONFIDENTIALITY AGREEMENTS SIGNED BY THE ORGANIZATION, A SEVERANCE PACKAGE PAID TO AN EMPLOYEE IS NOT OPEN FOR PUBLIC INSPECTION. THIS INFORMATION WILL BE MADE AVAILABLE TO THE TAX AUTHORITIES UPON REQUEST.