Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1c · Fundraising events

  $1,227,750

• 1f · All other contributions, gifts and grants

  $5,870,256

• 1g · Noncash contributions included above

  $4,000

• 2a · Program service revenue: TUITION

  total $14,366,937 · related or exempt $14,366,937

• 2b · Program service revenue: OTHER PROG. FEES/SERVI

  total $56,221 · related or exempt $56,221

• 3 · Investment income

  total $65,340 · excluded $65,340

• 6a · Gross rents

  real property $57,628

• 6b · Less rental expenses

  real property $15,890

• 6c · Rental income or loss

  real property $41,738

• 6d · Net rental income or loss

  total $41,738 · excluded $41,738

• 7a · Gross sales of assets other than inventory

  securities $1,282,204 · other assets $800

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

  securities $1,271,768 · other assets $0

• 7c · Gain or loss

  securities $10,436 · other assets $800

• 7d · Net gain or loss

  total $11,236 · excluded $11,236

• 8a · Fundraising events: gross income

  $105,000

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

  $1,227,750

• 8b · Fundraising events: direct expenses

  $1,237,497

• 8c · Net income from fundraising events

  total -$1,132,497 · excluded -$1,132,497

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $1,254 · program services $1,254

• 2 · Grants to domestic individuals

  total $1,527,950 · program services $1,527,950

• 5 · Compensation of officers, directors and key employees

  total $861,806 · program services $65,803 · management and general $775,830 · fundraising $20,173

• 7 · Other salaries and wages

  total $9,483,626 · program services $8,297,369 · management and general $991,144 · fundraising $195,113

• 8 · Pension plan contributions

  total $445,619 · program services $412,736 · management and general $23,746 · fundraising $9,137

• 9 · Other employee benefits

  total $2,097,243 · program services $1,715,168 · management and general $358,290 · fundraising $23,785

• 10 · Payroll taxes

  total $803,534 · program services $637,030 · management and general $128,368 · fundraising $38,136

• 11b · Fees: legal

  total $33,444 · management and general $33,444

• 11c · Fees: accounting

  total $48,425 · management and general $48,425

• 11g · Fees: other

  total $85,250 · program services $17,050 · management and general $63,938 · fundraising $4,262

• 12 · Advertising and promotion

  total $184,731 · program services $37,052 · management and general $138,416 · fundraising $9,263

• 13 · Office expenses

  total $100,679 · program services $20,130 · management and general $75,512 · fundraising $5,037

• 16 · Occupancy

  total $1,875,360 · program services $1,664,856 · management and general $184,619 · fundraising $25,885

• 17 · Travel

  total $577 · program services $115 · management and general $433 · fundraising $29

• 20 · Interest

  total $12,844 · program services $2,576 · management and general $9,624 · fundraising $644

• 22 · Depreciation, depletion and amortization

  total $2,395,857 · program services $2,318,797 · management and general $74,818 · fundraising $2,242

• 23 · Insurance

  total $32,812 · program services $6,562 · management and general $24,609 · fundraising $1,641

• 24a · Other expenses: INSTRUCTION

  total $2,033,278 · program services $2,033,278

• 24b · Other expenses: HOSPITALITY

  total $24,199 · program services $3,851 · management and general $19,072 · fundraising $1,276

• 24c · Other expenses: EVENTS

  total $15,092 · program services $2,661 · management and general $9,941 · fundraising $2,490

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $244,240 · end of year $586,620

• 2 · Savings and temporary cash investments

  beginning of year $495,559 · end of year $2,500

• 3 · Pledges and grants receivable

  end of year $50,000

• 4 · Accounts receivable

  beginning of year $7,924,274 · end of year $9,895,944

• 9 · Prepaid expenses and deferred charges

  beginning of year $192,061 · end of year $217,160

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

  $67,542,412

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

  $37,097,503

• 10c · Land, buildings and equipment, net

  beginning of year $31,823,633 · end of year $30,444,909

• 12 · Investments: other securities

  beginning of year $590,753 · end of year $995,929

• 17 · Accounts payable and accrued expenses

  beginning of year $1,140,363 · end of year $1,605,258

• 19 · Deferred revenue

  beginning of year $11,116,822 · end of year $13,131,068

• 27 · Net assets without donor restrictions

  beginning of year $28,994,760 · end of year $26,738,437

• 28 · Net assets with donor restrictions

  beginning of year $18,575 · end of year $718,299

The filer's explanations (Part III)

PART I, LINE 7

THE LOWER SCHOOL PRINCIPAL RECEIVED A NON-FIXED RETENTION BONUS OF $15,000 DURING THE 2022 CALENDAR YEAR.