Totals
- Total revenue
- $7,149,629
- Total expenses
- $6,687,787
- Contributions and grants received
- $2,153,621
- Grants paid
- $1,529,237
- Program service revenue
- $4,989,265
- Investment income
- -$95,454
- Other revenue
- $102,197
- Total assets, end of year
- $4,510,210
- Total liabilities, end of year
- $1,672,470
- Net assets or fund balances, end of year
- $2,837,740
- Program services expenses (Part IX)
- $4,586,739
- Management and general expenses
- $1,757,355
- Fundraising expenses
- $343,693
- Program service expenses (Part III)
- $4,586,739
Program services were 68.6% 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.
-
1e · Government grants (contributions)
$1,297,736
-
1f · All other contributions, gifts and grants
$855,885
-
2a · Program service revenue: Tuition and fees
total $4,989,265 · unrelated business $0 · excluded $0
-
3 · Investment income
total $6,423 · unrelated business $0 · excluded $6,423
-
7b · Less cost or other basis and sales expenses
other assets $101,877
-
7c · Gain or loss
other assets -$101,877
-
7d · Net gain or loss
total -$101,877 · related or exempt $0 · unrelated business $0 · excluded -$101,877
-
11a · Other revenue: Bookstore & other revenues
total $102,197 · related or exempt $102,197 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$102,197
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $1,529,237 · program services $1,529,237
-
5 · Compensation of officers, directors and key employees
total $305,501 · program services $187,924 · management and general $94,408 · fundraising $23,169
-
7 · Other salaries and wages
total $2,733,212 · program services $1,681,299 · management and general $844,636 · fundraising $207,277
-
8 · Pension plan contributions
total $182,152 · program services $112,048 · management and general $56,290 · fundraising $13,814
-
9 · Other employee benefits
total $210,265 · program services $129,342 · management and general $64,978 · fundraising $15,945
-
10 · Payroll taxes
total $228,728 · program services $140,699 · management and general $70,683 · fundraising $17,346
-
11b · Fees: legal
total $25,500 · program services $0 · management and general $25,500 · fundraising $0
-
11g · Fees: other
total $287,789 · program services $0 · management and general $287,789 · fundraising $0
-
13 · Office expenses
total $61,641 · program services $56,933 · management and general $3,494 · fundraising $1,214
-
14 · Information technology
total $149,733 · program services $126,476 · management and general $23,257 · fundraising $0
-
16 · Occupancy
total $224,221 · program services $162,216 · management and general $34,242 · fundraising $27,763
-
22 · Depreciation, depletion and amortization
total $173,677 · program services $125,648 · management and general $26,523 · fundraising $21,506
-
23 · Insurance
total $96,163 · program services $69,570 · management and general $14,686 · fundraising $11,907
-
24a · Other expenses: Instructional supplies & student activities
total $287,533 · program services $265,347 · management and general $21,248 · fundraising $938
-
24b · Other expenses: Maintenance and repairs
total $116,645 · program services $0 · management and general $116,645 · fundraising $0
-
24c · Other expenses: Recruitment
total $75,240 · program services $0 · management and general $72,426 · fundraising $2,814
-
24d · Other expenses: Other
total $550 · program services $0 · management and general $550 · fundraising $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,185,220 · end of year $1,103,242
-
4 · Accounts receivable
beginning of year $259,120 · end of year $164,221
-
9 · Prepaid expenses and deferred charges
beginning of year $126,854 · end of year $145,167
-
10a · Land, buildings and equipment: cost or other basis
$4,669,611
-
10b · Land, buildings and equipment: accumulated depreciation
$2,076,899
-
10c · Land, buildings and equipment, net
beginning of year $2,828,823 · end of year $2,592,712
-
11 · Investments: publicly traded securities
beginning of year $18,038 · end of year $68,419
-
15 · Other assets
beginning of year $559,688 · end of year $436,449
-
17 · Accounts payable and accrued expenses
beginning of year $69,874 · end of year $48,133
-
19 · Deferred revenue
beginning of year $1,148,255 · end of year $1,075,312
-
23 · Secured mortgages and notes payable
beginning of year $776,800 · end of year $0
-
25 · Other liabilities
beginning of year $606,916 · end of year $549,025
-
27 · Net assets without donor restrictions
beginning of year $2,340,898 · end of year $2,704,314
-
28 · Net assets with donor restrictions
beginning of year $35,000 · end of year $133,426
Mission and programs · 2023
Mission
Through a broad and challenging curriculum, a diverse, faith-centered community and a commitment to Christian service, Preston High School empowers young women by providing them with the skills needed to become compassionate leaders for change in their world.
-
Class of 2024 Graduation: This year, we graduated 83 remarkable students who collectively earned over $25 million in college scholarships and grants. Preston Scholars in the Azores: Over the summer, a group of our Preston Scholars had the incredible opportunity to travel to the Azores to attend an Environmental Science in Action seminar, further expanding their academic and environmental knowledge. Golf Club:We started a Golf Club this Fall to serve as an excellent stepping stone for students who want to use golf as a way to gain both academic and professional advantages, including scholarship money. Financial Literacy and Stock Exchange Experience: Select Juniors and Seniors participated in a financial literacy workshop at the NY Stock Exchange and took part in the exciting closing bell ceremony. Rock the Street, Wall Street: A select group of Juniors attended the Rock the Street Wall Street event at Varde Partners on Madison Avenue, where they were able to engage with professionals in the finance industry. Mental Health and Networking Initiatives: We continue our partnership with The Jed Foundation (JED),which focuses on emotional health and suicide prevention for teens and young adults. Additionally, we have teamed up with Fearless+ to help our students secure internships,access workshops, and build a profile similar to LinkedIn for college recruiting. New Partnership with Wonder Girls: In January, we will begin a new partnership with Wonder Girls,a non-profit organization that focuses on building self-confidence, business skills, and promoting physical and mental health for young women. Compassion Connection: Over the past two years, our Compassion Connection group has raised well over our goal of 10,000 pounds of food to support local food pantries, demonstrating the generous spirit of our community. Cultural Thanksgiving Celebration: This years Cultural Thanksgiving was a beautiful celebration of our diversity, with students preparing and sharing various dishes and desserts from different cultures. Big Sisters/Little Sisters: Our Big Sisters and Little Sisters continued their mission of supporting younger students through tutoring and organizing fun holiday events. I Heart Radio Visit: Our Video Production class had the exciting opportunity to visit the I Heart Radio studio in Manhattan. During the trip, students recorded the voiceovers for our Open House commercials and also had the chance to meet with a panel of industry professionals. They shared valuable insights into potential career paths within the media and broadcasting fields. New Bus for Athletics: Thanks to the success of a few impressive fundraisers, the Preston Athletic Department has been able to purchase a pre-owned 25-seat van. This new addition will ensure our student-athletes have reliable transportation for their away games. Increased Open House Attendence: From 2023 to 2024, we saw a notable increase in the number of students attending our Open Houses, reflecting growing interestin our programs and campus offerings. Niche Top Schools: Preston was named to the top 25 Schools in New York this year.
Expenses $4,586,739 · Revenue $3,460,028
As filed on the 2023 return.
Listed in Part VII
-
Laura DeMaria-DeMattia
Treasurer
- Total calculated
- $0
- Hours/week
- 0
-
Sr Laura DonovanRDC
Member
- Total calculated
- $0
- Hours/week
- 0
-
Sr Carol PetersonRDC
Member
- Total calculated
- $0
- Hours/week
- 0
-
Sr Susan BeckerRDC
Member
- Total calculated
- $0
- Hours/week
- 0
-
Sr Kristin DonworthRDC
Member
- Total calculated
- $0
- Hours/week
- 0
-
Thomas E Merkel
Member
- Total calculated
- $0
- Hours/week
- 0
-
Sr Roberta Smith OSF
Member
- Total calculated
- $0
- Hours/week
- 0
-
Jennifer Connolly
Principal
- Total calculated
- $125,000
- From this org
- $125,000
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Pasqualina Traina
Director of Finance
- Total calculated
- $56,700
- From this org
- $56,700
- From related orgs
- $0
- Other
- $0
- Hours/week
- 24
-
Cristina Fragale
Senior Director of Recruitment and Development
- Total calculated
- $123,800
- From this org
- $123,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 5 June 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531959349300338
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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