Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $51,400

• 1e · Government grants (contributions)

  $35,176

• 1f · All other contributions, gifts and grants

  $15,579,873

• 1g · Noncash contributions included above

  $306,468

• 2a · Program service revenue: STUDENT TUITION FEES

  total $16,643,301 · related or exempt $16,643,301

• 2b · Program service revenue: HORSE & STABLE INCOME

  total $1,245,759 · related or exempt $876,727 · unrelated business $369,032

• 2c · Program service revenue: EXT. & DAY CARE PROG.

  total $200,694 · related or exempt $200,694

• 2d · Program service revenue: CAFETERIA & SNACK BAR

  total $123,182 · excluded $123,182

• 2e · Program service revenue: SCHOLARSHIPS

  total $98,505 · related or exempt $98,505

• 2f · All other program service revenue

  total $637,477 · related or exempt $637,477

• 3 · Investment income

  total $1,641,291 · excluded $1,641,291

• 6a · Gross rents

  real property $308,163

• 6b · Less rental expenses

  real property $10,233

• 6c · Rental income or loss

  real property $297,930

• 6d · Net rental income or loss

  total $297,930 · excluded $297,930

• 7a · Gross sales of assets other than inventory

  securities $5,740,674 · other assets $4,000

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

  securities $5,769,098 · other assets $0

• 7c · Gain or loss

  securities -$28,424 · other assets $4,000

• 7d · Net gain or loss

  total -$24,424 · excluded -$24,424

• 8a · Fundraising events: gross income

  $24,600

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

  $51,400

• 8b · Fundraising events: direct expenses

  $31,738

• 8c · Net income from fundraising events

  total -$7,138 · excluded -$7,138

• 10a · Gross sales of inventory

  $134,388

• 10b · Cost of goods sold

  $142,568

• 10c · Net income from sales of inventory

  total -$8,180 · excluded -$8,180

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $5,116,816 · program services $5,116,816

• 3 · Grants to foreign organizations and individuals

  total $57,340 · program services $57,340

• 5 · Compensation of officers, directors and key employees

  total $565,675 · program services $393,656 · management and general $140,762 · fundraising $31,257

• 7 · Other salaries and wages

  total $10,116,920 · program services $6,808,166 · management and general $2,710,148 · fundraising $598,606

• 8 · Pension plan contributions

  total $438,003 · program services $329,635 · management and general $87,528 · fundraising $20,840

• 9 · Other employee benefits

  total $2,390,990 · program services $2,105,504 · management and general $230,585 · fundraising $54,901

• 10 · Payroll taxes

  total $780,815 · program services $587,631 · management and general $156,033 · fundraising $37,151

• 11b · Fees: legal

  total $119,837 · management and general $119,837

• 11c · Fees: accounting

  total $43,383 · management and general $43,383

• 11g · Fees: other

  total $937,170 · program services $904,297 · management and general $28,367 · fundraising $4,506

• 12 · Advertising and promotion

  total $152,016 · management and general $152,016

• 13 · Office expenses

  total $2,498,218 · program services $2,324,483 · management and general $170,730 · fundraising $3,005

• 14 · Information technology

  total $551,157 · program services $398,876 · management and general $122,996 · fundraising $29,285

• 16 · Occupancy

  total $483,291 · program services $471,209 · management and general $7,249 · fundraising $4,833

• 17 · Travel

  total $54,588 · management and general $50,650 · fundraising $3,938

• 20 · Interest

  total $359,670 · program services $290,082 · management and general $64,871 · fundraising $4,717

• 22 · Depreciation, depletion and amortization

  total $2,537,610 · program services $2,474,170 · management and general $38,064 · fundraising $25,376

• 23 · Insurance

  total $393,094 · program services $290,889 · management and general $82,550 · fundraising $19,655

• 24a · Other expenses: ACTIVITIES/EVENTS

  total $784,311 · program services $641,345 · management and general $57,711 · fundraising $85,255

• 24e · All other expenses

  total $286,480 · management and general $168,274 · fundraising $118,206

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $2,500 · end of year $2,500

• 2 · Savings and temporary cash investments

  beginning of year $3,519,358 · end of year $3,489,177

• 3 · Pledges and grants receivable

  beginning of year $1,285,869 · end of year $3,807,266

• 4 · Accounts receivable

  beginning of year $338,468 · end of year $381,348

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

  $63,228,918

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

  $32,821,450

• 10c · Land, buildings and equipment, net

  beginning of year $31,267,807 · end of year $30,407,468

• 11 · Investments: publicly traded securities

  beginning of year $15,456,614 · end of year $13,677,127

• 12 · Investments: other securities

  beginning of year $28,700,979 · end of year $31,554,212

• 15 · Other assets

  beginning of year $15,069,800 · end of year $25,807,706

• 17 · Accounts payable and accrued expenses

  beginning of year $1,417,545 · end of year $1,290,819

• 19 · Deferred revenue

  beginning of year $2,899,250 · end of year $3,178,501

• 20 · Tax-exempt bond liabilities

  beginning of year $6,537,551 · end of year $6,489,173

• 23 · Secured mortgages and notes payable

  beginning of year $51,599 · end of year $75,650

• 25 · Other liabilities

  beginning of year $6,849,047 · end of year $9,718,039

• 27 · Net assets without donor restrictions

  beginning of year $31,058,494 · end of year $36,259,631

• 28 · Net assets with donor restrictions

  beginning of year $46,827,909 · end of year $52,114,991

The filer's explanations (Part III)

PART I, LINE 1A

THE HEAD OF SCHOOL IS PROVIDED WITH ON CAMPUS HOUSING. THE AMOUNT IS NOT INCLUDED IN TAXABLE COMPENSATION.