Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $160,424

• 1f · All other contributions, gifts and grants

  $803,075

• 1g · Noncash contributions included above

  $88,605

• 2a · Program service revenue: TUITION AND FEES

  total $14,888,327 · related or exempt $14,888,327

• 2b · Program service revenue: AUXILIARY PROGRAM FEES

  total $2,713,267 · related or exempt $2,713,267

• 3 · Investment income

  total $889,945 · excluded $889,945

• 6a · Gross rents

  real property $82,350

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $82,350

• 6d · Net rental income or loss

  total $82,350 · excluded $82,350

• 7a · Gross sales of assets other than inventory

  securities $314,602

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

  securities $122,138

• 7c · Gain or loss

  securities $192,464

• 7d · Net gain or loss

  total $192,464 · excluded $192,464

• 8a · Fundraising events: gross income

  $68,052

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

  $160,424

• 8b · Fundraising events: direct expenses

  $105,174

• 8c · Net income from fundraising events

  total -$37,122 · excluded -$37,122

• 9a · Gaming: gross income

  $5,700

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $5,700 · excluded $5,700

• 11a · Other revenue: MISCELLANEOUS

  total $52,303 · excluded $52,303

• 11b · Other revenue: INSURANCE CLAIM REVENUE

  total $9,380 · excluded $9,380

• 11e · Other revenue, total

  $61,683

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,740,224 · program services $2,740,224

• 5 · Compensation of officers, directors and key employees

  total $723,758 · program services $257,695 · management and general $331,348 · fundraising $134,715

• 7 · Other salaries and wages

  total $8,919,632 · program services $7,390,850 · management and general $1,373,658 · fundraising $155,124

• 8 · Pension plan contributions

  total $413,282 · program services $344,396 · management and general $61,740 · fundraising $7,146

• 9 · Other employee benefits

  total $776,539 · program services $643,333 · management and general $115,605 · fundraising $17,601

• 10 · Payroll taxes

  total $741,626 · program services $609,186 · management and general $108,766 · fundraising $23,674

• 11b · Fees: legal

  total $115,726 · management and general $115,726

• 11c · Fees: accounting

  total $215,907 · management and general $215,907

• 11f · Fees: investment management

  total $62,761 · management and general $62,761

• 11g · Fees: other

  total $574,327 · program services $518,281 · management and general $40,666 · fundraising $15,380

• 12 · Advertising and promotion

  total $121,951 · program services $121,951

• 13 · Office expenses

  total $135,564 · program services $104,549 · management and general $28,865 · fundraising $2,150

• 19 · Conferences, conventions and meetings

  total $1,688 · management and general $209 · fundraising $1,479

• 20 · Interest

  total $371,664 · management and general $368,351 · fundraising $3,313

• 22 · Depreciation, depletion and amortization

  total $1,173,243 · program services $1,173,243

• 23 · Insurance

  total $196,567 · management and general $196,567

• 24a · Other expenses: MAINTENANCE

  total $885,081 · program services $885,081

• 24b · Other expenses: TELEPHONE & UTILITIES

  total $413,791 · program services $391,360 · management and general $22,431

• 24c · Other expenses: MISCELLANEOUS

  total $411,075 · program services $217,168 · management and general $189,802 · fundraising $4,105

• 24d · Other expenses: FIELD TRIPS

  total $226,246 · program services $226,246

• 24e · All other expenses

  total $615,828 · program services $413,996 · management and general $180,997 · fundraising $20,835

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,786,798 · end of year $794,547

• 2 · Savings and temporary cash investments

  beginning of year $1,992,530 · end of year $4,440,272

• 4 · Accounts receivable

  beginning of year $6,808,455 · end of year $6,802,751

• 7 · Other notes and loans receivable

  beginning of year $2,743 · end of year $2,388

• 9 · Prepaid expenses and deferred charges

  beginning of year $132,118 · end of year $205,900

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

  $30,530,025

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

  $14,223,047

• 10c · Land, buildings and equipment, net

  beginning of year $16,944,716 · end of year $16,306,978

• 11 · Investments: publicly traded securities

  beginning of year $11,591,652 · end of year $13,835,073

• 17 · Accounts payable and accrued expenses

  beginning of year $788,976 · end of year $915,030

• 19 · Deferred revenue

  beginning of year $12,679,717 · end of year $12,680,796

• 20 · Tax-exempt bond liabilities

  beginning of year $11,639,108 · end of year $11,645,311

• 23 · Secured mortgages and notes payable

  beginning of year $1,275,000 · end of year $954,000

• 27 · Net assets without donor restrictions

  beginning of year $10,138,524 · end of year $10,806,783

• 28 · Net assets with donor restrictions

  beginning of year $4,737,687 · end of year $5,385,989

The filer's explanations (Part III)

PART I, LINE 1A

THE HEAD OF SCHOOL RECEIVES A HOUSING ALLOWANCE WHICH IS INCLUDED IN TAXABLE COMPENSATION.

Disregarded entities

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

• 1640 KALMIA ROAD NW

  PROPERTY MANAGEMENT · DC · income $63,000 · assets $1,209,138

  Directly controlled by LOWELL SCHOOL