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← ALEXANDER DAWSON FOUNDATION

Form 990 for tax year 2022

Filed by ALEXANDER DAWSON FOUNDATION.

Totals

Total revenue
$42,062,364
Total expenses
$42,275,370
Contributions and grants received
$2,039,773
Grants paid
$3,391,467
Program service revenue
$34,072,368
Investment income
$3,576,459
Other revenue
$2,373,764
Total assets, end of year
$318,394,072
Total liabilities, end of year
$52,289,852
Net assets or fund balances, end of year
$266,104,220
Program services expenses (Part IX)
$32,283,608
Management and general expenses
$9,183,719
Fundraising expenses
$808,043
Program service expenses (Part III)
$32,283,608

Program services were 76.4% 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.

  • 1c · Fundraising events

    $85,671

  • 1f · All other contributions, gifts and grants

    $1,954,102

  • 1g · Noncash contributions included above

    $234,756

  • 2a · Program service revenue: TUITION & FEES

    total $32,289,553 · related or exempt $32,289,553

  • 2b · Program service revenue: OTHER PROGRAM FEES

    total $1,782,815 · related or exempt $1,782,815

  • 3 · Investment income

    total $3,163,417 · excluded $3,163,417

  • 6a · Gross rents

    real property $19,649

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $19,649

  • 6d · Net rental income or loss

    total $19,649 · excluded $19,649

  • 7a · Gross sales of assets other than inventory

    securities $21,226,508 · other assets $7,150

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

    securities $20,820,616 · other assets $0

  • 7c · Gain or loss

    securities $405,892 · other assets $7,150

  • 7d · Net gain or loss

    total $413,042 · excluded $413,042

  • 8a · Fundraising events: gross income

    $627,196

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

    $85,671

  • 8b · Fundraising events: direct expenses

    $203,771

  • 8c · Net income from fundraising events

    total $423,425 · excluded $423,425

  • 11a · Other revenue: INCOME/DISTRIBUTIONS FROM PARTNER

    total $2,133,457 · excluded $2,133,457

  • 11b · Other revenue: MISCELLANEOUS

    total -$202,767 · excluded -$202,767

  • 11e · Other revenue, total

    $1,930,690

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $3,391,467 · program services $3,391,467

  • 5 · Compensation of officers, directors and key employees

    total $352,000 · management and general $352,000

  • 7 · Other salaries and wages

    total $18,189,991 · program services $14,363,229 · management and general $3,399,183 · fundraising $427,579

  • 8 · Pension plan contributions

    total $721,678 · program services $541,738 · management and general $165,200 · fundraising $14,740

  • 9 · Other employee benefits

    total $1,651,481 · program services $1,402,788 · management and general $237,316 · fundraising $11,377

  • 10 · Payroll taxes

    total $1,410,313 · program services $1,131,252 · management and general $246,077 · fundraising $32,984

  • 11a · Fees: management

    total $1,260,600 · management and general $1,260,600

  • 11b · Fees: legal

    total $90,837 · management and general $90,837

  • 11c · Fees: accounting

    total $288,918 · management and general $288,918

  • 11f · Fees: investment management

    total $352,409 · management and general $352,409

  • 11g · Fees: other

    total $381,560 · program services $163,874 · management and general $217,686

  • 12 · Advertising and promotion

    total $175,409 · program services $11,101 · management and general $164,308

  • 13 · Office expenses

    total $638,801 · program services $318,388 · management and general $314,057 · fundraising $6,356

  • 14 · Information technology

    total $580,457 · program services $84,524 · management and general $494,891 · fundraising $1,042

  • 16 · Occupancy

    total $779,769 · program services $779,769

  • 17 · Travel

    total $24,639 · management and general $24,639

  • 19 · Conferences, conventions and meetings

    total $236,512 · program services $218,323 · management and general $16,958 · fundraising $1,231

  • 20 · Interest

    total $1,266,213 · program services $1,266,213

  • 22 · Depreciation, depletion and amortization

    total $3,961,310 · program services $3,959,680 · management and general $1,630

  • 23 · Insurance

    total $485,097 · management and general $485,097

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $1,745,859 · program services $1,541,932 · management and general $203,927

  • 24b · Other expenses: FOOD EXPENSES

    total $1,723,216 · program services $1,723,757 · management and general -$545 · fundraising $4

  • 24c · Other expenses: SCHOOL EXPENSES

    total $574,281 · program services $553,296 · management and general $20,985

  • 24d · Other expenses: PROFESSIONAL GROWTH

    total $287,531 · program services $77,232 · management and general $209,960 · fundraising $339

  • 24e · All other expenses

    total $1,705,022 · program services $755,045 · management and general $637,586 · fundraising $312,391

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $15,223,981 · end of year $9,756,842

  • 3 · Pledges and grants receivable

    beginning of year $194,674 · end of year $0

  • 4 · Accounts receivable

    beginning of year $7,290 · end of year $1,157

  • 7 · Other notes and loans receivable

    beginning of year $1 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $971,120 · end of year $1,122,025

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

    $110,082,677

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

    $58,227,215

  • 10c · Land, buildings and equipment, net

    beginning of year $53,778,020 · end of year $51,855,462

  • 11 · Investments: publicly traded securities

    beginning of year $7,986,182 · end of year $8,897,489

  • 12 · Investments: other securities

    beginning of year $226,205,501 · end of year $245,686,613

  • 15 · Other assets

    beginning of year $870,388 · end of year $1,074,484

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,884,268 · end of year $2,952,533

  • 19 · Deferred revenue

    beginning of year $118,836 · end of year $106,779

  • 20 · Tax-exempt bond liabilities

    beginning of year $34,632,769 · end of year $32,061,605

  • 25 · Other liabilities

    beginning of year $17,248,910 · end of year $17,168,935

  • 27 · Net assets without donor restrictions

    beginning of year $242,771,991 · end of year $257,893,590

  • 28 · Net assets with donor restrictions

    beginning of year $7,580,383 · end of year $8,210,630

Mission and programs · 2022

Mission

THE MISSION OF THE ALEXANDER DAWSON FOUNDATION IS TO ESTABLISH, OPERATE AND MAINTAIN AN EDUCATIONAL ORGANIZATION THAT WILL PROVIDE STUDENTS WITH THE HIGHEST QUALITY EDUCATION, NURTURE FUTURE LEADERS, PREPARE YOUNG ADULTS TO EXCEL IN COLLEGE AND SOCIETY, AND DEVELOP THE SELF-RESPECT, SELF-DISCIPLINE, AND SELF-RELIANCE OF EACH STUDENT BY STRESSING THE VALUE OF HARD WORK AND PERSONAL RESPONSIBILITY AND RESPECT FOR AUTHORITY.

Activities or mission (Part I)

THE FOUNDATION, A NEVADA CHARITABLE TRUST, WAS ORGANIZED AND IS OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES, ITS MISSION IS TO ESTABLISH, OPERATE AND MAINTAIN AN EDUCATIONAL ORGANIZATION THAT PROVIDES STUDENTS WITH THE HIGHEST QUALITY OF ACADEMIC INSTRUCTION.

  • THE ALEXANDER DAWSON SCHOOL IN BOULDER COUNTY, COLORADO, A $64 MILLION FACILITY BUILT BY THE ALEXANDER DAWSON FOUNDATION IN 1970, PROVIDES CHALLENGING AND RELEVANT LEARNING TO 536 STUDENTS IN KINDERGARTEN THROUGH GRADE 12 TO BECOME CREATIVE, RESILIENT PROBLEM-SOLVERS WHO BRING THEIR BEST TO THE WORLD.DURING THE 2022-2023 SCHOOL YEAR, THE SCHOOL PROVIDED $1,858,736 IN FINANCIAL AID TO 81 DESERVING AND TALENTED STUDENTS WHO OTHERWISE WOULD NOT HAVE BEEN ABLE TO AFFORD A DAWSON EDUCATION. IN JUNE 2023, THE SCHOOL AWARDED DIPLOMAS TO 58 GRADUATES, WHO WERE ACCEPTED TO SUCH COLLEGES AS ELON UNIVERSITY, EMERSON UNIVERSITY, PRINCETON UNIVERSITY, AND WESLEYAN UNIVERSITY AND WERE OFFERED $6,188,800 IN SCHOLARSHIPS. IN ADDITION, THE SCHOOL OWNED AND OPERATED A SUMMER CAMP, OPEN TO THE PUBLIC, IN 2022-2023 THAT OFFERED INSTRUCTION IN SPORTS, ARTS, TECHNOLOGY, SPECIALTY CAMPS AND MORE FOR 1,903 BOYS AND GIRLS.

    Expenses $17,536,616 · Grants $1,858,736 · Revenue $17,886,896

  • THE ALEXANDER DAWSON SCHOOL AT RAINBOW MOUNTAIN IN LAS VEGAS, NEVADA, A $45 MILLION FACILITY BUILT BY THE ALEXANDER DAWSON FOUNDATION IN 2000, PROVIDES A NURTURING LEARNING COMMUNITY FOR 590 STUDENTS IN PRE-SCHOOL THROUGH GRADE EIGHT THAT CHALLENGES STUDENTS TO ACHIEVE EXCELLENCE IN MIND, BODY AND CHARACTER. DURING THE 2022-2023 SCHOOL YEAR, THE SCHOOL PROVIDED $1,532,731 IN FINANCIAL AID TO 81 DESERVING AND TALENTED STUDENTS WHO OTHERWISE WOULD NOT HAVE BEEN ABLE TO AFFORD A DAWSON EDUCATION. IN JUNE 2023, THE SCHOOL GRADUATED 52 EIGHTH GRADERS, WHO HAVE GONE ON TO ATTEND LOCAL PUBLIC AND INDEPENDENT HIGH SCHOOLS, AS WELL AS, SUCH BOARDING SCHOOLS AS THE CATE SCHOOL AND THE THACHER SCHOOL.

    Expenses $14,369,972 · Grants $1,532,731 · Revenue $16,185,472

  • THE ALEXANDER DAWSON FOUNDATION SUPPORTS DAWSON SUMMER INITIATIVE (COLORADO), A SUMMER PROGRAM AND A YEAR-ROUND MENTORING PROGRAM CONDUCTED ON THE SCHOOL CAMPUS. THE PROGRAM PROVIDES ENRICHING, INTELLECTUAL OPPORTUNITIES FOR HIGH-ACHIEVING PUBLIC MIDDLE SCHOOL STUDENTS AT NO COST TO THE PARTICIPANTS. TRANSPORTATION AND MEALS ARE ALSO PROVIDED AT NO COST.DAWSON SUMMER INITIATIVE IS AN ENRICHMENT PROGRAM FOR HIGH-ACHIEVING PUBLIC SCHOOL STUDENTS CURRENTLY IN GRADES 6 AND 7. 156 STUDENTS FROM OVER 25 PUBLIC SCHOOLS IN BOULDER COUNTY AND SURROUNDING AREAS ATTENDED 2-5 WEEKS OF INTENSIVELY COLLABORATIVE, HANDS-ON STUDY OF A PARTICULAR THEME. THE PROGRAM IS HELD AT THE LAFAYETTE CAMPUS AND PROVIDES OPPORTUNITIES FOR INQUISITIVE STUDENTS TO MEET OTHER STUDENTS FROM MANY DIFFERENT SCHOOLS, DELVE INTO ONE OF THE MOST TALKED ABOUT TOPICS IN THE NEWS, AND IDENTIFY REAL-WORLD SOLUTIONS.

    Expenses $377,020

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kimberley Johnston

    TRUSTEE & CHAIRMAN

    Total calculated
    $661,232
    From this org
    $69,400
    From related orgs
    $533,773
    Other
    $58,059
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $69,400 + $530,912 related
    Bonus
    $0
    Other
    $0 + $2,861 related
    Deferred
    $0 + $22,875 related
    Nontaxable benefits
    $0 + $35,184 related
    Filer's total
    $69,400 + $591,832 related

  • George Moore

    HEAD OF SCHOOL

    Total calculated
    $460,132
    From this org
    $399,011
    From related orgs
    $0
    Other
    $61,121
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $399,011
    Bonus
    $0
    Other
    $0
    Deferred
    $39,750
    Nontaxable benefits
    $21,371
    Filer's total
    $460,132

  • Oswald Gutsche

    TRUSTEE, FORMER CHAIRMAN & TREASURER

    Total calculated
    $443,749
    From this org
    $27,800
    From related orgs
    $385,237
    Other
    $30,712
    Hours/week
    5 + 45 related

    Schedule J breakdown matched by us

    Base
    $27,800 + $383,306 related
    Bonus
    $0
    Other
    $0 + $1,931 related
    Deferred
    $0 + $16,640 related
    Nontaxable benefits
    $0 + $14,072 related
    Filer's total
    $27,800 + $415,949 related

  • Roxanne Stansbury

    HEAD OF SCHOOL

    Total calculated
    $371,695
    From this org
    $288,528
    From related orgs
    $0
    Other
    $83,167
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $288,528
    Bonus
    $0
    Other
    $0
    Deferred
    $21,735
    Nontaxable benefits
    $61,432
    Filer's total
    $371,695

  • W Hunter Campbell

    TRUSTEE & GENERAL COUNSEL

    Total calculated
    $346,267
    From this org
    $69,400
    From related orgs
    $276,867
    Other
    $0
    Hours/week
    5 + 10 related

    Schedule J breakdown matched by us

    Base
    $69,400 + $276,867 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $69,400 + $276,867 related

  • Kathleen Maloy

    CONTROLLER

    Total calculated
    $268,841
    From this org
    $0
    From related orgs
    $226,114
    Other
    $42,727
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $224,179 related
    Bonus
    $0
    Other
    $0 + $1,935 related
    Deferred
    $0 + $11,558 related
    Nontaxable benefits
    $0 + $31,169 related
    Filer's total
    $0 + $268,841 related

  • Michelle Wolf

    CFO

    Total calculated
    $207,900
    From this org
    $167,098
    From related orgs
    $0
    Other
    $40,802
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,098
    Bonus
    $0
    Other
    $0
    Deferred
    $9,052
    Nontaxable benefits
    $31,750
    Filer's total
    $207,900

  • Andrew Bishop

    ASSISTANT HEAD OF SCHOOL

    Total calculated
    $187,761
    From this org
    $157,686
    From related orgs
    $0
    Other
    $30,075
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,686
    Bonus
    $0
    Other
    $0
    Deferred
    $4,992
    Nontaxable benefits
    $25,083
    Filer's total
    $187,761

  • Pearl Gallagher

    TRUSTEE & SECRETARY

    Total calculated
    $96,700
    From this org
    $69,400
    From related orgs
    $27,300
    Other
    $0
    Hours/week
    5 + 5 related

  • Susan W Borst

    TRUSTEE

    Total calculated
    $69,400
    From this org
    $69,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

  • Elizabeth Eyler

    TRUSTEE

    Total calculated
    $69,400
    From this org
    $69,400
    From related orgs
    $0
    Other
    $0
    Hours/week
    5

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Health or social club dues or initiation fees
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 1b · Written policy on the line-1a expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
HEAD OF NEVADA SCHOOL EMPLOYMENT AGREEMENTS REQUIRE AS A CONDITION OF EMPLOYMENT TO LIVE IN THE HEAD OF SCHOOL HOUSE AND SELECTED ALLOWANCES ARE PROVIDED AS A BENEFIT.
PART I, LINE 1B
THE HEAD OF SCHOOL OF THE NEVADA SCHOOL IS REQUIRED TO LIVE IN THE FOUNDATION/SCHOOL OWNED RESIDENCE PER HIS/HER EMPLOYMENT AGREEMENT. THERE IS NO PERSONAL USE REIMBURSEMENT. THE HEAD OF SCHOOL OF THE COLORADO SCHOOL IS ENTITLED TO REIMBURSEMENT FOR APPROVED CLUB MEMBERSHIPS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • THE ALEXANDER DAWSON SCHOOL LLC

    SCHOOL · NV · income $18,654,135 · assets $49,920,025

    Directly controlled by ALEXANDER DAWSON FOUNDATION

  • THE ALEXANDER DAWSON SCHOOL AT RAINBOW MOUNTAIN LLC

    SCHOOL · NV · income $16,345,446 · assets $30,628,246

    Directly controlled by ALEXANDER DAWSON FOUNDATION

  • HKO LLC

    4 PARCELS OF REAL ESTATE WITH BILLBOARD RENTAL · NV · income $19,648 · assets $9,199,467

    Directly controlled by ALEXANDER DAWSON FOUNDATION

  • HKO BLUE DIAMOND LLC

    2 PARCELS OF REAL ESTATE · NV · income $0 · assets $630,365

    Directly controlled by ALEXANDER DAWSON FOUNDATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ALEXANDER DAWSON INC

    C · REAL ESTATE INVESTMENT, INVESTMENT MANAGEMENT, AND ADMINISTRATIVE SERVICES · NV · 100% owned · share of income $2,167,717 · share of assets $50,110,929 · controlled entity

    Directly controlled by ALEXANDER DAWSON FOUNDATION

  • SPENCER STREET INVESTMENTS INC

    C · INVESTMENTS · NV · 100% owned · share of assets $892,727 · controlled entity

    Directly controlled by ALEXANDER DAWSON INC

Provenance

Return type
form_990
Tax year
2022
Filed
14 February 2024
IRS schema version
2022v5.0
Source object
202420529349301017

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