Totals
- Total revenue
- $17,544,180
- Total expenses
- $19,226,449
- Contributions and grants received
- $660,674
- Grants paid
- $2,849,136
- Program service revenue
- $16,737,652
- Investment income
- $30,939
- Other revenue
- $114,915
- Total assets, end of year
- $52,577,524
- Total liabilities, end of year
- $29,132,308
- Net assets or fund balances, end of year
- $23,445,216
- Program services expenses (Part IX)
- $16,134,988
- Management and general expenses
- $2,866,119
- Fundraising expenses
- $225,342
- Program service expenses (Part III)
- $16,134,988
Program services were 83.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$660,674
-
2a · Program service revenue: TUITION, BOARD, MISC
total $16,737,652 · related or exempt $16,737,652
-
3 · Investment income
total $366 · excluded $366
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $30,573
-
7c · Gain or loss
securities $30,573
-
7d · Net gain or loss
total $30,573 · related or exempt $30,573
-
8a · Fundraising events: gross income
$172,427
-
8b · Fundraising events: direct expenses
$57,512
-
8c · Net income from fundraising events
total $114,915
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $2,849,136 · program services $2,849,136
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $392,567 · program services $328,878 · management and general $56,251 · fundraising $7,438
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $6,653,759 · program services $5,574,271 · management and general $953,417 · fundraising $126,071
-
8 · Pension plan contributions
total $396,046 · program services $251,626 · management and general $142,820 · fundraising $1,600
-
9 · Other employee benefits
total $1,699,790 · program services $865,645 · management and general $807,489 · fundraising $26,656
-
10 · Payroll taxes
total $519,516 · program services $432,234 · management and general $78,624 · fundraising $8,658
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $2,644 · management and general $2,644
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $0
-
12 · Advertising and promotion
total $90,179 · program services $45,422 · management and general $26,904 · fundraising $17,853
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $0
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $703,791 · program services $624,533 · management and general $79,258
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,447,354 · program services $1,447,354
-
23 · Insurance
total $1,480,535 · program services $1,480,535
-
24a · Other expenses: UTILITIES
total $473,173 · program services $473,173
-
24b · Other expenses: MAINTENANCE EXPENSE
total $365,122 · program services $365,122
-
24c · Other expenses: FOOD SERVICE
total $359,077 · program services $359,077
-
24d · Other expenses: STUDENT ATHLETICS
total $310,110 · program services $310,110
-
24e · All other expenses
total $1,483,650 · program services $727,872 · management and general $718,712 · fundraising $37,066
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,932,082 · end of year $3,401,727
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
beginning of year $58,602 · end of year $213,838
-
4 · Accounts receivable
beginning of year $2,533,143 · end of year $2,680,751
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $409,139 · end of year $0
-
8 · Inventories for sale or use
beginning of year $79,816 · end of year $79,816
-
9 · Prepaid expenses and deferred charges
beginning of year $721,719 · end of year $751,269
-
10a · Land, buildings and equipment: cost or other basis
$55,199,243
-
10b · Land, buildings and equipment: accumulated depreciation
$16,828,860
-
10c · Land, buildings and equipment, net
beginning of year $39,438,809 · end of year $38,370,383
-
11 · Investments: publicly traded securities
beginning of year $4,347,401 · end of year $3,993,106
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $2,781,021 · end of year $3,086,634
-
17 · Accounts payable and accrued expenses
beginning of year $1,163,418 · end of year $199,965
-
19 · Deferred revenue
beginning of year $10,982,770 · end of year $13,219,778
-
23 · Secured mortgages and notes payable
beginning of year $13,561,499 · end of year $13,453,131
-
25 · Other liabilities
beginning of year $1,887,198 · end of year $2,259,434
-
27 · Net assets without donor restrictions
beginning of year $19,989,510 · end of year $18,727,879
-
28 · Net assets with donor restrictions
beginning of year $4,717,337 · end of year $4,717,337
Mission and programs · 2022
Mission
OPERATION OF A BOARDING SCHOOL
-
OPERATION OF A BOARDING AND DAY SCHOOL OFFERING SECONDARY AND COLLEGE PREPARATORY CURRICULUM, GRADES PRE-K TO 12. GRANTED HIGHEST LEVEL OF ACCREDITATION BY WESTERN ASSOCIATION OF SCHOOLS AND COLLEGES.
Expenses $16,134,988
As filed on the 2022 return.
Listed in Part VII
-
Michael Hall-MounseyMICHAEL HALL-MOUNSEY
HEAD OF SCHOOL
- Total calculated
- $205,835
- From this org
- $180,770
- From related orgs
- $0
- Other
- $25,065
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $180,770
- Bonus
- not reported
- Other
- not reported
- Deferred
- $25,065
- Nontaxable benefits
- not reported
- Filer's total
- $205,835
-
Robert Cendejas
BUSINESS OFFICER
- Total calculated
- $196,170
- From this org
- $153,077
- From related orgs
- $0
- Other
- $43,093
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $153,077
- Bonus
- not reported
- Other
- not reported
- Deferred
- $43,093
- Nontaxable benefits
- not reported
- Filer's total
- $196,170
-
Tracy Wilson
Advancement Direct
- Total calculated
- $160,444
- From this org
- $123,286
- From related orgs
- $0
- Other
- $37,158
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $123,286
- Bonus
- not reported
- Other
- not reported
- Deferred
- $37,158
- Nontaxable benefits
- not reported
- Filer's total
- $160,444
-
Craig FloydCRAIG FLOYD
HEAD OF UC
- Total calculated
- $144,281
- From this org
- $112,577
- From related orgs
- $0
- Other
- $31,704
- Hours/week
- 40
-
Lars KuellingLARS KUELLING
Head of School
- Total calculated
- $137,955
- From this org
- $106,154
- From related orgs
- $0
- Other
- $31,801
- Hours/week
- 0.5
-
Laurie ClarkLAURIE CLARK
HEAD OF LC
- Total calculated
- $136,991
- From this org
- $116,692
- From related orgs
- $0
- Other
- $20,299
- Hours/week
- 40
-
Gina FontanaGINA FONTANA
FOOD SERVICE DIR
- Total calculated
- $121,657
- From this org
- $102,175
- From related orgs
- $0
- Other
- $19,482
- Hours/week
- 40
-
Gail Ordway
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Kimberly Cluff
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Craig Marcus
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Patricia H FarberPATRICIA H FARBER
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
James CaseyJAMES CASEY
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Sally McClenahan Dyer
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Nicholas Thacher
Chairman
- Total calculated
- $0
- Hours/week
- 1.5
-
John B Denault IIIJOHN B DENAULT III
Director
- Total calculated
- $0
- Hours/week
- 1.5
-
Osumane Fofona
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Robert G CooperROBERT G COOPER
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Gretchen Schuette
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Bob Zheng
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Andrew HelmanANDREW HELMAN
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 1a · Discretionary spending account
- 1a · Housing allowance or residence for personal use
- 1a · Personal services (maid, chauffeur, chef)
- 1b · Written policy on the line-1a expenses
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
- Housing and maid service is provided for the convenience of the employer since the organization is a boarding school with minor children on the premises as well as a stable with horses and a facility for which the employee has responsibility for supervising on a 24/7 as needed basis. Certain employee are therefore housed in school owned housing on or adjacent to the school campus.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 July 2024
- IRS schema version
- 2022v5.0
- Source object
- 202401979349301460
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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