Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $4,054,610

• 1g · Noncash contributions included above

  $1,053,947

• 2a · Program service revenue: TUITION & FEES

  total $12,538,350 · related or exempt $12,538,350

• 2b · Program service revenue: GCLI PROGRAM REVENUE

  total $195,185 · related or exempt $195,185

• 2c · Program service revenue: RIDING PROGRAM

  total $84,921 · related or exempt $84,921

• 2d · Program service revenue: HEALTH CENTER

  total $16,406 · related or exempt $16,406

• 2e · Program service revenue: ATHLETICS

  total $3,239 · related or exempt $3,239

• 2f · All other program service revenue

  total $205,184 · related or exempt $205,184

• 3 · Investment income

  total $514,564 · unrelated business $29,702 · excluded $484,862

• 6a · Gross rents

  real property $125,031

• 6b · Less rental expenses

  real property $37,804

• 6c · Rental income or loss

  real property $87,227

• 6d · Net rental income or loss

  total $87,227 · related or exempt $84,627 · unrelated business $2,600

• 7a · Gross sales of assets other than inventory

  securities $26,125,468

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

  securities $25,772,592

• 7c · Gain or loss

  securities $352,876

• 7d · Net gain or loss

  total $352,876 · excluded $352,876

• 10a · Gross sales of inventory

  $21,946

• 10b · Cost of goods sold

  $18,716

• 10c · Net income from sales of inventory

  total $3,230 · excluded $3,230

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,516,128 · program services $2,516,128

• 3 · Grants to foreign organizations and individuals

  total $347,347 · program services $347,347

• 5 · Compensation of officers, directors and key employees

  total $568,504 · management and general $568,504

• 7 · Other salaries and wages

  total $5,913,305 · program services $3,961,131 · management and general $1,471,754 · fundraising $480,420

• 8 · Pension plan contributions

  total $373,340 · program services $218,219 · management and general $135,963 · fundraising $19,158

• 9 · Other employee benefits

  total $1,244,810 · program services $695,421 · management and general $488,338 · fundraising $61,051

• 11b · Fees: legal

  total $96,406 · management and general $96,406

• 11c · Fees: accounting

  total $97,176 · management and general $97,176

• 11g · Fees: other

  total $224,732 · program services $23,460 · management and general $179,044 · fundraising $22,228

• 12 · Advertising and promotion

  total $262,462 · fundraising $262,462

• 13 · Office expenses

  total $72,731 · program services $35,066 · management and general $37,665

• 14 · Information technology

  total $118,569 · program services $6,649 · management and general $105,619 · fundraising $6,301

• 16 · Occupancy

  total $1,120,362 · program services $850,593 · management and general $269,769

• 17 · Travel

  total $264,913 · program services $101,588 · management and general $15,683 · fundraising $147,642

• 22 · Depreciation, depletion and amortization

  total $2,365,958 · program services $2,132,878 · management and general $233,080

• 23 · Insurance

  total $585,721 · program services $547,368 · management and general $38,353

• 24a · Other expenses: FOOD EXPENSE

  total $1,726,255 · program services $1,722,366 · management and general $3,889

• 24b · Other expenses: SCHOOL EXPENSE

  total $1,004,719 · program services $688,768 · management and general $297,360 · fundraising $18,591

• 24c · Other expenses: MEMBERSHIPS

  total $192,662 · program services $146,918 · management and general $38,827 · fundraising $6,917

• 24d · Other expenses: MISC.

  total $142,168 · program services $19,580 · management and general $108,145 · fundraising $14,443

• 24e · All other expenses

  total $251,687 · program services $166,812 · management and general $84,875

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,333,725 · end of year $1,610,335

• 2 · Savings and temporary cash investments

  beginning of year $2,877,718 · end of year $2,039,898

• 3 · Pledges and grants receivable

  beginning of year $2,782,939 · end of year $2,447,813

• 4 · Accounts receivable

  beginning of year $181,149 · end of year $67,615

• 9 · Prepaid expenses and deferred charges

  beginning of year $197,427 · end of year $208,778

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

  $79,443,846

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

  $40,190,555

• 10c · Land, buildings and equipment, net

  beginning of year $36,344,241 · end of year $39,253,291

• 11 · Investments: publicly traded securities

  beginning of year $38,610,316 · end of year $34,625,800

• 12 · Investments: other securities

  beginning of year $4,412,793 · end of year $6,894,187

• 15 · Other assets

  beginning of year $2,006,977 · end of year $2,063,463

• 17 · Accounts payable and accrued expenses

  beginning of year $1,178,353 · end of year $992,757

• 19 · Deferred revenue

  beginning of year $2,813,599 · end of year $3,137,782

• 25 · Other liabilities

  beginning of year $51,634 · end of year $55,486

• 27 · Net assets without donor restrictions

  beginning of year $47,906,648 · end of year $47,092,983

• 28 · Net assets with donor restrictions

  beginning of year $37,797,051 · end of year $37,932,172

The filer's explanations (Part III)

PART I, LINE 1A

OUR HEAD OF SCHOOL, MEGAN HARLAN, LIVES ON CAMPUS AND THE HOUSE IS CLEANED BY THE FOUNTAIN VALLEY CUSTODIAL STAFF. MS. HARLAN HAS A DISCRETIONARY SPENDING ACCOUNT OF $10,000. THE DISCRETIONARY SPENDING ACCOUNT IS USED FOR HEAD OF SCHOOL TRAVEL, DEPARTMENT MEALS, AND TO OFFSET STUDENT EXPERIENTIAL LEARNING COSTS. THE FAIR MARKET VALUE OF THESE BENEFITS ARE NOT INCLUDED IN TAXABLE COMPENSATION.