Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $340,363

• 1f · All other contributions, gifts and grants

  $1,822,359

• 1g · Noncash contributions included above

  $74,759

• 2a · Program service revenue: TUITION AND FEES

  total $34,676,019 · related or exempt $34,676,019

• 2b · Program service revenue: OUTREACH

  total $1,787,982 · related or exempt $1,787,982

• 2c · Program service revenue: DAY CARE

  total $335,607 · related or exempt $335,607

• 3 · Investment income

  total $1,678,815 · excluded $1,678,815

• 7a · Gross sales of assets other than inventory

  securities $35,707,996 · other assets $37,250

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

  securities $35,311,731 · other assets $0

• 7c · Gain or loss

  securities $396,265 · other assets $37,250

• 7d · Net gain or loss

  total $433,515 · excluded $433,515

• 8a · Fundraising events: gross income

  $0

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

  $340,363

• 8b · Fundraising events: direct expenses

  $96,181

• 8c · Net income from fundraising events

  total -$96,181 · excluded -$96,181

• 11a · Other revenue: MISCELLANEOUS REVENUE

  total $53,163 · excluded $53,163

• 11e · Other revenue, total

  $53,163

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $1,978,419 · program services $1,978,419

• 5 · Compensation of officers, directors and key employees

  total $905,593 · management and general $856,640 · fundraising $48,953

• 7 · Other salaries and wages

  total $21,296,739 · program services $20,262,598 · management and general $881,227 · fundraising $152,914

• 8 · Pension plan contributions

  total $831,983 · program services $800,384 · management and general $22,993 · fundraising $8,606

• 9 · Other employee benefits

  total $3,716,430 · program services $3,448,474 · management and general $234,233 · fundraising $33,723

• 10 · Payroll taxes

  total $1,723,400 · program services $1,596,298 · management and general $111,199 · fundraising $15,903

• 11b · Fees: legal

  total $73,700 · management and general $73,700

• 11c · Fees: accounting

  total $96,500 · management and general $96,500

• 11g · Fees: other

  total $241,316 · program services $241,316

• 16 · Occupancy

  total $2,538,827 · program services $2,479,495 · management and general $53,926 · fundraising $5,406

• 17 · Travel

  total $316,099 · program services $312,403 · management and general $3,696

• 22 · Depreciation, depletion and amortization

  total $1,809,128 · program services $1,771,634 · management and general $37,494

• 23 · Insurance

  total $73,425 · management and general $73,425

• 24a · Other expenses: FOOD SERVICE/MEALS

  total $1,988,459 · program services $1,988,459

• 24b · Other expenses: OTHER PROFESSIONAL FEES

  total $1,064,305 · program services $266,520 · management and general $700,853 · fundraising $96,932

• 24c · Other expenses: PROGRAM SUPPLIES

  total $651,420 · program services $651,420

• 24d · Other expenses: STAFF TRAINING

  total $346,960 · program services $324,753 · management and general $22,207

• 24e · All other expenses

  total $403,953 · program services $274,366 · management and general $129,587

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  end of year $394,690

• 2 · Savings and temporary cash investments

  beginning of year $16,815,101 · end of year $12,587,832

• 3 · Pledges and grants receivable

  beginning of year $1,174,942 · end of year $938,006

• 4 · Accounts receivable

  beginning of year $1,080,377 · end of year $775,310

• 5 · Loans and receivables from officers and key people

  beginning of year $32,240 · end of year $24,180

• 9 · Prepaid expenses and deferred charges

  beginning of year $337,660 · end of year $447,830

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

  $64,037,003

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

  $27,130,424

• 10c · Land, buildings and equipment, net

  beginning of year $32,427,189 · end of year $36,906,579

• 11 · Investments: publicly traded securities

  beginning of year $38,476,527 · end of year $43,107,380

• 12 · Investments: other securities

  beginning of year $58,958 · end of year $55,581

• 15 · Other assets

  beginning of year $2,079,268 · end of year $1,310,273

• 17 · Accounts payable and accrued expenses

  beginning of year $3,240,641 · end of year $4,844,009

• 19 · Deferred revenue

  beginning of year $5,795,197 · end of year $6,363,045

• 20 · Tax-exempt bond liabilities

  beginning of year $11,218,581 · end of year $10,839,918

• 25 · Other liabilities

  beginning of year $8,496,511 · end of year $8,051,413

• 27 · Net assets without donor restrictions

  beginning of year $44,000,060 · end of year $45,286,041

• 28 · Net assets with donor restrictions

  beginning of year $19,731,272 · end of year $21,163,235

The filer's explanations (Part III)

PART I, LINE 7

THE SCHOOL MADE NON-FIXED PAYMENTS TOTALING $34,087 ON BEHALF OF THE FORMER HEAD OF SCHOOL IN CONNECTION WITH HIS RETIREMENT. ADDITIONALLY, THE SCHOOL MADE PAYMENTS UNDER AN ORGANIZATION WIDE BONUS PROGRAM DURING CALENDAR YEAR 2023.

PART I, LINE 4B:

THE SCHOOL MAINTAINED AN INTERNAL REVENUE CODE SECTION 457(F) DEFERRED COMPENSATION PLAN ("THE PLAN") ON BEHALF OF ITS FORMER HEAD OF SCHOOL. THE SCHOOL DID NOT MAKE ANY CONTRIBUTIONS TO THE PLAN DURING THE YEAR ENDED JUNE 30, 2024. THE SCHOOL PAID BOB BROUDO HIS VESTED ACCOUNT BALANCE UNDER THE PLAN TOTALING $340,801 IN MARCH 2023.