Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $5,137,466

• 2a · Program service revenue: TUITION AND FEES

  total $31,942,160 · related or exempt $31,942,160

• 2b · Program service revenue: SCHOOL ORG. FEES

  total $1,723,020 · related or exempt $1,723,020

• 3 · Investment income

  total $684,004 · excluded $684,004

• 6a · Gross rents

  real property $1,375

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $1,375

• 6d · Net rental income or loss

  total $1,375 · excluded $1,375

• 11a · Other revenue: MISCELLANEOUS INCOME

  total $366 · related or exempt $366

• 11e · Other revenue, total

  $366

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $5,396,392 · program services $5,396,392

• 2 · Grants to domestic individuals

  total $1,587,542 · program services $1,587,542

• 5 · Compensation of officers, directors and key employees

  total $458,398 · program services $402,244 · management and general $33,601 · fundraising $22,553

• 7 · Other salaries and wages

  total $15,225,926 · program services $13,360,750 · management and general $1,116,060 · fundraising $749,116

• 8 · Pension plan contributions

  total $1,043,430 · program services $915,610 · management and general $76,483 · fundraising $51,337

• 9 · Other employee benefits

  total $2,375,675 · program services $2,084,655 · management and general $174,137 · fundraising $116,883

• 10 · Payroll taxes

  total $1,166,324 · program services $1,023,449 · management and general $85,492 · fundraising $57,383

• 11a · Fees: management

  total $53,456 · program services $46,908 · management and general $3,918 · fundraising $2,630

• 11b · Fees: legal

  total $10,700 · program services $9,390 · management and general $784 · fundraising $526

• 11c · Fees: accounting

  total $93,845 · program services $82,349 · management and general $6,879 · fundraising $4,617

• 11g · Fees: other

  total $211,557 · program services $185,641 · management and general $15,507 · fundraising $10,409

• 12 · Advertising and promotion

  total $110,943 · program services $97,353 · management and general $8,132 · fundraising $5,458

• 13 · Office expenses

  total $840,611 · program services $682,316 · management and general $120,039 · fundraising $38,256

• 14 · Information technology

  total $436,873 · program services $383,356 · management and general $32,023 · fundraising $21,494

• 16 · Occupancy

  total $2,136,646 · program services $1,874,907 · management and general $156,616 · fundraising $105,123

• 17 · Travel

  total $96,380 · program services $84,573 · management and general $7,065 · fundraising $4,742

• 19 · Conferences, conventions and meetings

  total $12,999 · program services $11,406 · management and general $953 · fundraising $640

• 22 · Depreciation, depletion and amortization

  total $1,151,580 · program services $1,010,511 · management and general $84,411 · fundraising $56,658

• 23 · Insurance

  total $864,570 · program services $758,660 · management and general $63,373 · fundraising $42,537

• 24a · Other expenses: SCHOOL & ATHLETICS

  total $4,153,939 · program services $4,153,939

• 24b · Other expenses: ACADEMY ORGANIZATIONS

  total $2,068,160 · program services $2,068,160

• 24c · Other expenses: EQUIPMENT RENTAL, REPAI

  total $786,095 · program services $689,798 · management and general $57,621 · fundraising $38,676

• 24d · Other expenses: OTHER EXPENSES

  total $149,139 · program services $144,028 · management and general $4,913 · fundraising $198

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,728,111 · end of year $4,281,292

• 2 · Savings and temporary cash investments

  beginning of year $8,812,908 · end of year $1,459,708

• 4 · Accounts receivable

  beginning of year $48,471 · end of year $147,049

• 8 · Inventories for sale or use

  beginning of year $176,354 · end of year $195,346

• 9 · Prepaid expenses and deferred charges

  beginning of year $600,726 · end of year $651,728

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

  $10,046,655

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

  $6,265,667

• 10c · Land, buildings and equipment, net

  beginning of year $2,931,717 · end of year $3,780,988

• 11 · Investments: publicly traded securities

  beginning of year $9,815,646 · end of year $16,481,571

• 14 · Intangible assets

  beginning of year $1,903,210 · end of year $1,549,709

• 15 · Other assets

  beginning of year $47,709,973 · end of year $56,180,114

• 17 · Accounts payable and accrued expenses

  beginning of year $2,149,336 · end of year $2,691,708

• 19 · Deferred revenue

  beginning of year $18,371,842 · end of year $18,598,033

• 25 · Other liabilities

  beginning of year $4,965,204 · end of year $3,804,934

• 27 · Net assets without donor restrictions

  beginning of year $39,509,723 · end of year $43,729,657

• 28 · Net assets with donor restrictions

  beginning of year $10,731,011 · end of year $15,903,173

The filer's explanations (Part III)

PART I, LINE 3

THE HEAD OF SCHOOL (TOP MANAGEMENT OFFICIAL) OF THE SCHOOL RECEIVES A SALARY THAT IS COMPARED WITH OTHER HEADS OF COMPARABLE PRIVATE SCHOOLS. IN ADDITION, A SALARY SURVEY FROM ISM (INDEPENDENT SCHOOL MANAGEMENT) AND/OR SIMILAR INDEPENDENT BENCHMARK DATA IS UTILIZED BY THE BOARD OF TRUSTEES IN DETERMINING THE HEAD OF SCHOOL'S COMPENSATION. THE HEAD OF SCHOOL REVIEWS ISM'S SALARY COMPARISONS AND/OR INDEPENDENT BENCHMARK DATA WHEN ESTABLISHING COMPENSATION FOR OTHER KEY EMPLOYEES OF THE SCHOOL.