Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $272,071

• 1f · All other contributions, gifts and grants

  $10,009,572

• 1g · Noncash contributions included above

  $321,112

• 2a · Program service revenue: TUITION & FEES

  total $38,027,649 · related or exempt $38,027,649

• 2b · Program service revenue: EDUCATIONAL FEES

  total $3,195,374 · related or exempt $3,195,374

• 2c · Program service revenue: BOARDING & LUNCH

  total $2,610,000 · related or exempt $2,610,000

• 2d · Program service revenue: EXTENDED SERVICES

  total $319,240 · related or exempt $319,240

• 2e · Program service revenue: APPLICATIONS, SERVICE

  total $91,093 · related or exempt $91,093

• 2f · All other program service revenue

  total $37,521 · related or exempt $37,521

• 3 · Investment income

  total $2,371,746 · unrelated business -$220,962 · excluded $2,592,708

• 6a · Gross rents

  real property $246,433

• 6b · Less rental expenses

  real property $30,792

• 6c · Rental income or loss

  real property $215,641

• 6d · Net rental income or loss

  total $215,641 · excluded $215,641

• 7a · Gross sales of assets other than inventory

  securities $10,156,139 · other assets $15,500

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

  securities $8,904,879 · other assets $0

• 7c · Gain or loss

  securities $1,251,260 · other assets $15,500

• 7d · Net gain or loss

  total $1,266,760 · unrelated business $3,043 · excluded $1,263,717

• 8a · Fundraising events: gross income

  $595,846

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

  $272,071

• 8b · Fundraising events: direct expenses

  $547,759

• 8c · Net income from fundraising events

  total $48,087 · excluded $48,087

• 9a · Gaming: gross income

  $86,000

• 9b · Gaming: direct expenses

  $95,000

• 9c · Net income from gaming

  total -$9,000 · excluded -$9,000

• 10a · Gross sales of inventory

  $538,198

• 10b · Cost of goods sold

  $426,210

• 10c · Net income from sales of inventory

  total $111,988 · unrelated business $18,371 · excluded $93,617

• 11a · Other revenue: CHILD DEVELOPMENT CNTR

  total $674,481 · related or exempt $674,481

• 11b · Other revenue: MISC REWARDS & REBATES

  total $102,375 · excluded $102,375

• 11c · Other revenue: PLAN REVENUE CREDIT

  total $83,536 · excluded $83,536

• 11e · Other revenue, total

  $860,392

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $2,546,382 · program services $2,546,382

• 5 · Compensation of officers, directors and key employees

  total $998,448 · management and general $998,448

• 7 · Other salaries and wages

  total $23,359,265 · program services $20,209,777 · management and general $2,048,183 · fundraising $1,101,305

• 8 · Pension plan contributions

  total $1,473,468 · program services $1,286,169 · management and general $115,060 · fundraising $72,239

• 9 · Other employee benefits

  total $3,033,924 · program services $2,512,940 · management and general $321,210 · fundraising $199,774

• 10 · Payroll taxes

  total $1,673,353 · program services $1,422,350 · management and general $167,335 · fundraising $83,668

• 11b · Fees: legal

  total $210,078 · management and general $210,078

• 11c · Fees: accounting

  total $89,147 · management and general $89,147

• 11f · Fees: investment management

  total $691,002 · management and general $691,002

• 11g · Fees: other

  total $143,913 · management and general $124,405 · fundraising $19,508

• 12 · Advertising and promotion

  total $426,168 · management and general $313,443 · fundraising $112,725

• 13 · Office expenses

  total $396,774 · program services $293,537 · management and general $52,723 · fundraising $50,514

• 14 · Information technology

  total $549,944 · program services $549,944

• 16 · Occupancy

  total $1,582,061 · program services $1,344,752 · management and general $158,206 · fundraising $79,103

• 17 · Travel

  total $26,707 · management and general $13,079 · fundraising $13,628

• 19 · Conferences, conventions and meetings

  total $357,116 · program services $165,552 · management and general $158,251 · fundraising $33,313

• 20 · Interest

  total $290,825 · program services $247,201 · management and general $29,083 · fundraising $14,541

• 22 · Depreciation, depletion and amortization

  total $6,394,311 · program services $5,435,164 · management and general $639,431 · fundraising $319,716

• 23 · Insurance

  total $779,726 · management and general $779,726

• 24a · Other expenses: INSTRUCTIONAL SUPPORT

  total $4,931,117 · program services $4,931,117

• 24b · Other expenses: MAINTENANCE & GROUNDS

  total $2,256,205 · program services $1,623,169 · management and general $199,422 · fundraising $433,614

• 24c · Other expenses: SUMMER SCHOOL & CHILD D

  total $1,649,694 · program services $1,649,694

• 24d · Other expenses: RESIDENCE & ADMISSIONS

  total $143,656 · management and general $143,656

• 24e · All other expenses

  total $211,038 · program services $23,961 · management and general $142,286 · fundraising $44,791

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $7,142 · end of year $10,047

• 2 · Savings and temporary cash investments

  beginning of year $40,881,092 · end of year $40,972,881

• 3 · Pledges and grants receivable

  beginning of year $5,562,923 · end of year $6,194,025

• 4 · Accounts receivable

  beginning of year $516,890 · end of year $414,812

• 8 · Inventories for sale or use

  beginning of year $305,176 · end of year $335,141

• 9 · Prepaid expenses and deferred charges

  beginning of year $537,117 · end of year $1,395,721

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

  $180,169,303

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

  $82,793,492

• 10c · Land, buildings and equipment, net

  beginning of year $97,161,727 · end of year $97,375,811

• 11 · Investments: publicly traded securities

  beginning of year $115,185,339 · end of year $71,360,494

• 12 · Investments: other securities

  beginning of year $96,456,225 · end of year $169,677,033

• 15 · Other assets

  beginning of year $14,236,537 · end of year $15,623,965

• 17 · Accounts payable and accrued expenses

  beginning of year $6,582,726 · end of year $6,468,688

• 19 · Deferred revenue

  beginning of year $38,657,828 · end of year $40,377,675

• 20 · Tax-exempt bond liabilities

  beginning of year $7,038,914 · end of year $5,988,461

• 25 · Other liabilities

  beginning of year $387,318 · end of year $399,825

• 27 · Net assets without donor restrictions

  beginning of year $158,730,835 · end of year $174,364,000

• 28 · Net assets with donor restrictions

  beginning of year $159,452,547 · end of year $175,761,281

The filer's explanations (Part III)

PART I, LINE 1A

THE SCHOOL PROVIDES THE HEAD OF SCHOOL A DISCRETIONARY BUDGET FOR SCHOOL-RELATED EXPENSES. ALL EXPENSES RUN THROUGH THE NORMAL EXPENSE PROCESS AND REQUIRE THE APPROPRIATE SUBSTANTIATION. THE HEAD OF SCHOOL RECEIVES A HOUSING ALLOWANCE PER CONTRACT ($75,000 DURING CALENDER YEAR 2024). THE SCHOOL HAS DETERMINED THAT THE HOUSING ALLOWANCE IS TAXABLE AND HAS BEEN REPORTED IN SCHEDULE J, PART II, COLUMN B (III).

PART I, LINE 7

THE HEAD OF SCHOOL RECEIVED A DISCRETIONARY BONUS OF $47,500 DURING THE 2024 CALENDAR YEAR REPORTED IN PART II, COLUMN B(II). THE AMOUNT WAS DETERMINED BY THE COMPENSATION AND REVIEW COMMITTEE.