Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $539,715

• 1f · All other contributions, gifts and grants

  $1,525,174

• 1g · Noncash contributions included above

  $130,171

• 2a · Program service revenue: STUDENT TUITION AND FEES

  total $59,616,676 · related or exempt $59,616,676

• 2b · Program service revenue: AUXILIARY SERVICES

  total $3,095,676 · related or exempt $3,095,676

• 2c · Program service revenue: FEES/FINANCE CHARGES

  total $356,359 · related or exempt $356,359

• 3 · Investment income

  total $1,508,989 · excluded $1,508,989

• 6a · Gross rents

  real property $229,859

• 6b · Less rental expenses

  real property $42,122

• 6c · Rental income or loss

  real property $187,737

• 6d · Net rental income or loss

  total $187,737 · excluded $187,737

• 7a · Gross sales of assets other than inventory

  securities $1,249,845

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

  securities $416,487

• 7c · Gain or loss

  securities $833,358

• 7d · Net gain or loss

  total $833,358 · excluded $833,358

• 10a · Gross sales of inventory

  $2,548

• 10b · Cost of goods sold

  $12,772

• 10c · Net income from sales of inventory

  total -$10,224 · excluded -$10,224

• 11a · Other revenue: INSURANCE REIMBURSEMENT

  total $112,881 · excluded $112,881

• 11b · Other revenue: MISCELLANEOUS INCOME

  total $33,954 · excluded $33,954

• 11e · Other revenue, total

  $146,835

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $10,860,698 · program services $10,860,698

• 5 · Compensation of officers, directors and key employees

  total $3,306,045 · program services $2,550,972 · management and general $651,855 · fundraising $103,218

• 7 · Other salaries and wages

  total $27,468,436 · program services $25,320,600 · management and general $1,444,604 · fundraising $703,232

• 8 · Pension plan contributions

  total $1,395,779 · program services $1,293,261 · management and general $68,791 · fundraising $33,727

• 9 · Other employee benefits

  total $3,601,750 · program services $3,321,914 · management and general $194,904 · fundraising $84,932

• 10 · Payroll taxes

  total $2,063,766 · program services $1,874,232 · management and general $136,162 · fundraising $53,372

• 11b · Fees: legal

  total $173,435 · management and general $173,435

• 11c · Fees: accounting

  total $84,765 · management and general $84,765

• 11g · Fees: other

  total $897,802 · program services $293,584 · management and general $604,218

• 12 · Advertising and promotion

  total $25,089 · program services $2,887 · management and general $19,315 · fundraising $2,887

• 13 · Office expenses

  total $522,028 · program services $417,515 · management and general $49,817 · fundraising $54,696

• 14 · Information technology

  total $1,109,342 · program services $780,009 · management and general $232,457 · fundraising $96,876

• 16 · Occupancy

  total $1,141,288 · program services $977,446 · management and general $131,937 · fundraising $31,905

• 17 · Travel

  total $2,822,599 · program services $2,819,283 · management and general $1,658 · fundraising $1,658

• 20 · Interest

  total $805,360 · program services $604,020 · management and general $161,072 · fundraising $40,268

• 22 · Depreciation, depletion and amortization

  total $3,130,639 · program services $2,347,979 · management and general $626,128 · fundraising $156,532

• 23 · Insurance

  total $590,265 · program services $442,699 · management and general $118,053 · fundraising $29,513

• 24a · Other expenses: INSTRUCTIONAL EXPENSES

  total $4,097,905 · program services $4,097,905

• 24b · Other expenses: REPAIR AND MAINTENANCE

  total $1,033,421 · program services $918,469 · management and general $73,885 · fundraising $41,067

• 24c · Other expenses: PROFESSIONAL DEVELOPMEN

  total $410,275 · program services $369,248 · management and general $41,027

• 24d · Other expenses: SCHOOLWIDE EVENTS

  total $394,479 · program services $99,351 · management and general $55,420 · fundraising $239,708

• 24e · All other expenses

  total $293,648 · program services $57,598 · management and general $235,304 · fundraising $746

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $461,244 · end of year $873,652

• 2 · Savings and temporary cash investments

  beginning of year $17,129,560 · end of year $10,832,628

• 3 · Pledges and grants receivable

  beginning of year $35,870 · end of year $1,525

• 4 · Accounts receivable

  beginning of year $403,941 · end of year $196,415

• 9 · Prepaid expenses and deferred charges

  beginning of year $741,976 · end of year $850,071

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

  $115,342,883

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

  $41,629,164

• 10c · Land, buildings and equipment, net

  beginning of year $59,824,703 · end of year $73,713,719

• 11 · Investments: publicly traded securities

  beginning of year $29,082,847 · end of year $32,659,361

• 15 · Other assets

  beginning of year $285,705 · end of year $589,044

• 17 · Accounts payable and accrued expenses

  beginning of year $6,017,050 · end of year $6,342,314

• 19 · Deferred revenue

  beginning of year $10,156,113 · end of year $10,490,490

• 20 · Tax-exempt bond liabilities

  beginning of year $32,315,952 · end of year $34,235,607

• 23 · Secured mortgages and notes payable

  beginning of year $1,847,542 · end of year $7,709,938

• 25 · Other liabilities

  beginning of year $215,500 · end of year $91,164

• 27 · Net assets without donor restrictions

  beginning of year $48,294,154 · end of year $50,632,205

• 28 · Net assets with donor restrictions

  beginning of year $9,119,536 · end of year $10,214,697

The filer's explanations (Part III)

PART I, LINE 1A

AS A CONDITION OF HER EMPLOYMENT, LISA WALLER, THE HEAD OF SCHOOL, MUST MAINTAIN A RESIDENCE WITHIN WALKING DISTANCE OF THE SCHOOL. THE SCHOOL PROVIDED HER WITH A HOUSING ALLOWANCE IN THE AMOUNT OF $126,000 WHICH IS NON-TAXABLE.

PART I, LINE 4B

LISA WALLER, HEAD OF SCHOOL, PARTICIPATED IN A NONQUALIFIED DEFERRED COMPENSATION ARRANGEMENT UNDER IRC 457(F). THE SCHOOL CONTRIBUTED $32,636 TO HER DURING THE YEAR.